Post by Logan on Mar 14, 2016 21:35:45 GMT -6
NORFOLK -- Virginia plans to give $6.8 million to human-resources firm ADP to entice the company to bring at least 1,800 jobs to downtown Norfolk, a newly released document shows. That’s on top of $5 million the city already has agreed to pay.
Norfolk also is giving ADP’s landlord a discount of more than $13.5 million on leased parking in city garages – savings that will be passed along to ADP, according to a proposed agreement the City Council will vote on today.
That brings the total cost of planned government incentives to about $25.3 million.
ADP, which is based in Roseland, N.J., will open an office in Norfolk’s 2 Commercial Place, part of a project planned by developer Buddy Gadams. The building is next door to the Bank of America tower, where Gadams plans to turn office space into almost 300 luxury apartments.
Read more: pilotonline.com/business/jobs/virginia-to-pay-million-to-lure-adp-jobs-to-norfolk/article_9fa2911a-269a-5a29-9cb3-3ce74d89bd77.html
Norfolk also is giving ADP’s landlord a discount of more than $13.5 million on leased parking in city garages – savings that will be passed along to ADP, according to a proposed agreement the City Council will vote on today.
That brings the total cost of planned government incentives to about $25.3 million.
ADP, which is based in Roseland, N.J., will open an office in Norfolk’s 2 Commercial Place, part of a project planned by developer Buddy Gadams. The building is next door to the Bank of America tower, where Gadams plans to turn office space into almost 300 luxury apartments.
Read more: pilotonline.com/business/jobs/virginia-to-pay-million-to-lure-adp-jobs-to-norfolk/article_9fa2911a-269a-5a29-9cb3-3ce74d89bd77.html