Companies receiving city incentives must make a “good faith effort” to hire veterans and will be given extra consideration for projects at Cecil Field under legislation approved Aug. 25 by Jacksonville City Council.
Council voted 18-0 Aug. 25 in favor of Resolution 2026-0574, which requires the city Office of Economic Development to ensure that companies receiving a Recapture Enhanced Value Grant try to hire qualified active-duty military spouses and/or veterans for a minimum of 10% of new jobs. The resolution also requires that the OED give “additional positive consideration” for incentive requests when reviewing projects at Cecil Field.
A REV grant is a refund on ad valorem tax revenue generated by a new development or property enhancement. It can apply to property and tangible personal property.
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