Miami-Dade proposes incentive package to lure New York tech company promising 500 jobs
The Miami-Dade Beacon Council has submitted a request for state and county incentives to bring a New York-based tech company’s headquarters — and as many as 500 high-paying jobs — to the Magic City.
The company is Jumptuit, a data analytics firm. Although the company isn’t identified by name, language describing the company in Beacon’s request for incentives matches text found in Jumptuit’s press releases: Jumptuit “solves the pervasive problem of data overload and data fragmentation with the help of Big Data, Artificial Intelligence, Cyber and Blockchain.”
The company incorporated in Florida in October.
In its proposal, Beacon says Jumptuit would invest as much as $65 million over three years in the county, including the possibility of building a new, 100,000-square-foot data center in the downtown area. County Commissioner Eileen Higgins, who represents the area, could not immediately be reached for comment.
Beacon’s request calls for rewarding Jumptuit with up to $3 million from Florida’s qualified tax incentive program, of which 80% would be provided by the state and 20% would be provided by the county. The county’s $600,000 would be paid over a six-year period starting as early as 2022.
Beacon estimates the average Jumptuit job would pay $77,744 a year.
A Jumptuit spokesman and a Beacon Council spokeswoman declined to confirm that it is the company being targeted.
Miami Herald staff writer Douglas Hanks contributed to this report.
This story was originally published December 12, 2019 at 4:30 AM.
