Most cities want as many high paying jobs in their communities as possible. And they were willing to give away tax breaks encourage companies to locate their operations in their cities. Coral Springs is hoping a company that will offer high paying jobs will move to the city.
The Coral Springs Commission has approved incentives for the Rock Solid Project during a recent meeting. The Project involves a pharamceuetical manufacturing company.The Rock Solid Project would be a huge economic boost for Coral Springs It will mean an initial investment of $102 million. This would include a $17.5 million purchase of land, the largest real estate deal in Coral Springs. It will bring close to 500 jobs to Coral Springs with an average salary of $57,000 annually, according to Coral Springs City Manager Erdal Donmez.
The incentive package includes no charges for building inspections and permitting fees. The Rock Solid Project is also likely to receive incentives from the State of Florida, according to Donmez.
“This is huge for Coral Springs,” said Commissioner Dan Daley.