The council will consider the measure at a regular meeting Oct. 14 at City Hall. The incentives are intended to help an expansion of Shelco Foundries, an auto- and machinery-parts manufacturer on West Francis Street. The council published a notice about the meeting Friday.
City Council President Mark Jones on Friday said the money would go toward “several forms of incentives,” but declined to provide more details.
“The return will be significant,” he said.
Attempts Friday afternoon to reach representatives of Shelco were unsuccessful. A recorded message on the plant’s phone answering system noted that its business day ends at 2:30 p.m. Attempts to reach representatives of Shelco’s parent company, Gnutti Carlo, in New Jersey also were unsuccessful. Gnutti, an engine-components manufacturer based in Italy, operates in seven countries including the United States, according to the company’s website. Shelco’s website says customers include Ford, General Motors and Caterpillar.
Jacksonville is working with the Calhoun County Economic Development Commission to reach an agreement with the manufacturer. EDC executive director Don Hopper described the deal as tentative.
“We are working to get all the T’s crossed and I’s dotted on an agreement with them at this point,” Hopper said. “We hope that we’ll have real good news at some point.”
Jones said the council hopes the deal will bring a “considerable” number of jobs to Jacksonville, but declined to be more specific.
“We are anxiously awaiting making official announcements about all of this,” Jones said. “Hopefully it’s coming soon.”
Managing Editor Ben Cunningham: 256-235-3541. On Twitter: @Cunningham_Star.