The Clay County Board of County Commissioners unanimously approved an incentives award this week for Project Gator — a proposal for IKO Industries to develop a $219 million manufacturing complex off U.S. 301.

Crawford Powell, president of the Clay County Economic Development Corp., told the board the capital investment is expected to be $225 million for the first phase and “we expect that number to grow” with additional phases.

“We are pretty sure this will be in the top five largest capital investments in the state,” Powell said.

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