Under newly filed legislation, the city of Jacksonville would provide $7.7 million in incentives to an autonomous vehicle company to build a manufacturing and assembly plant in the city.
Resolution 2024-0419, which is scheduled to be introduced at the May 28 Council meeting, would authorize a $7.5 million Recapture Enhanced Value Grant paid out over 10 years and a local training grant of up to $200,000 to the company, which is code-named Project Link in the legislation.
The Daily Record reported April 10 that Project Link appears to be Holon, an automotive brand spun off from Germany-based Benteler Automotive Group. The company’s Holon Mover is an autonomous, fully electric and inclusive shuttle vehicle that was presented in early 2023 at the Consumer Electronics Show in Las Vegas.
Read the rest of this story at the Jacksonville Daily Record, a Jacksonville Today news partner.