Jacksonville city officials are facing criticism for granting $21 million in incentives to ICE, a mortgage and technology company, despite the company already owning the building where it will operate.
FILE - Washington Metropolitan Police investigate near the Supreme Court and Capitol after reports of a suspicious vehicle in which two men and a woman were detained with guns, Oct. 19, 2022, in Washington. Public safety legislation unveiled Wednesday by local lawmakers in the nation’s capital is aimed at bringing down spiraling violent crimes rates that have stoked public anxiety and prompted congressional scrutiny.
ICE received the city incentives to establish its mortgage and technology headquarters in Jacksonville, part of a $173 million expansion it says will create 500 jobs. ICE plans to operate out of the former Black Knight building at 601 Riverside Ave., which it obtained when it bought Black Knight last year.
Alex asks how granting $21 million in incentives can be viewed as a “win” for the city when ICE was “already on the hook for the building.” “It seems like they were basically going to have to take a loss otherwise,” Alex says. “Hard to paint that as a win in my eyes.”: Mayor Donna Deegan says the city wins because it gains jobs and furthers its reputation as a center of financial technology, or fintech.“We would have lost 1,500 existing jobs and not benefited from 500 new jobs if we didn’t compete,” Deegan says. “Jacksonville is on its way to becoming the fintech capital of the U.S.
Incentives ICE Jacksonville Fintech Economy
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