Summary:
Johnson & Johnson Consumer Inc. (Johnson) currently operates a Human Performance Institute (HPI) in Lake Nona. The HPI is a science-based approach to sustainable behavior change that helps people expand their energy capacity for improved performance and resilience across four interconnected dimensions: spiritual, mental, emotional and physical.
On October 23, 2017, the Orlando City Council approved a Qualified Target Industry (QTI) Tax Refund Program Resolution for the creation of an additional 30 Institute jobs, paying an average annual wage of $87,778.
The company has since altered its job creation total and average annual wage level. The company now proposes to create 25 jobs new-to-Florida jobs by December 31, 2020, paying an average annual wage of $100,000, which is at least 200% of the Orlando Metropolitan Statistical Area (MSA) average annual wage.
This amended resolution will supersede and replace the resolution adopted on October 23, 2017.
The State of Florida will provide a total of $175,000 to Johnson & Johnson Consumer Inc. under the QTI program, which includes the City's local financial support. City staff proposes to provide the local 20% QTI match, up to $1,400 per job created, paying an average annual wage of $100,000. Under this arrangement, the City of Orlando would provide $35,000 as an incentive over a five-year period. This match includes a High Impact Sector Bonus.
The pledge of funds pursuant to this resolution shall be contingent upon Johnson & Johnson Consumer Inc. being qualified by the State of Florida as a QTI Program participant, meeting its job and wage obligations under the program and future budget appropriations by the Orlando City Council. |