Posted July 22, 2021
A Canadian firm seeking to relocate its global headquarters to Miami and create 450 high-paying jobs got a go-ahead Tuesday to receive $167,500 through a Miami-Dade incentives program. Dallas was competing for the headquarters.
The global wealth and asset management firm has vowed to spend $5 million on a 45,000-square-foot office and by 2028 create the jobs, to pay about $200,000 each plus $15,000 benefits.
Without discussion, county commissioners OK’d a resolution by Eileen Higgins to give the incentives to the firm, dubbed “Confidential Project Maple” in a memo by county Chief Operations Officer Jimmy Morales.
The incentives are from the Targeted Jobs Incentive Fund (TJIF), which taps the general fund to lure large businesses. Companies seeking the incentives can request anonymity.
The Beacon Council, which applied for Maple’s incentives, recommended that the county amend the program within a year so the firm could receive further incentives.
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