Sun Sentinel Broward Edition

County approves 2 HQ incentives

- By Marcia Heroux Pounds Staff writer

The Palm Beach County Commission on Tuesday approved incentives for an undisclose­d company to move its headquarte­rs from San Diego to Palm Beach Gardens.

Separately, the commission approved incentives for a potential regional headquarte­rs of another manufactur­er, also undisclose­d.

The California company project, dubbed “Project Bruin,” promises to create 178 jobs within four years at an average annual wage of $83,000, excluding benefits, and to retain 473 existing jobs.

The company has been awarded $1 million from the governor’s Quick Action Closing Fund, which would come with a local match of $350,000 requested from the city of Palm Beach Gardens and $250,000 from the county in the form of a job growth incentive grant.

The economic impact from the project is estimated at $772 million over five years, the county said.

The company’s name will be disclosed after it enters into a formal agreement

with the state, the county said.

The regional headquarte­rs project, dubbed “Project Fan,” would create 25 jobs at an average annual wage of $48,813. Commission­ers approved a $15,000 matching grant to the state’s $75,000 in tax refund incentives.

The manufactur­er would make a $1.74 million capital investment in Palm Beach County, the county said. The economic impact of the regional headquarte­rs is estimated at $55.7 million during five years.

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