A licensed Starbucks franchise is planned on the ground floor of Bank of America Tower at 50 N. Laura St. | Jacksonville Daily Record
Published on October 3, 2025 at 2:48 pm
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The Downtown Investment Authority is considering a $133,200 incentive package for the opening of a licensed Starbucks franchise on the ground floor of Bank of America Tower at 50 N. Laura St.
The proposed incentives include a $118,200 forgivable loan under the DIA’s Food and Beverage Retail Enhancement Program. The no-interest loan would amortize at 20% annually on the date of the closing for five years, as long as the business remains open as proposed in the plan it submitted to the DIA.
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The remaining $15,000 of the incentive package would be in the form of a no-interest loan under the Sidewalk Enhancement Grant. It would amortize at 20% annually.
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