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City Council approves $10.1 million for Paysafe headquarters

Published on December 14, 2022 at 11:23 am

The Jacksonville City Council has approved a bill awarding global online payment provider Paysafe Processing Solutions LLC $10.1 million in cash grants to bring its North American headquarters and 600 jobs to Northeast Florida.

Council voted 15-2 on Tuesday to approve Resolution 2022-0863 to secure the London-based Paysafe’s $51.5 million project.

Council members approved an amended bill that defended a negative return for taxpayers until Paysafe has been in Jacksonville for 25 years.

Read the rest of this story at the Jacksonville Daily Record, a Jacksonville Today news partner.