ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
A South Korean manufacturer wants to add a presence in NeoCity through a $470 million investment in exchange for job incentives and is taking the first steps to do so.
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Osceola County Commissioners on Dec. 2 will consider signing a Memorandum of Understanding (MOU) with ELSPES Corporation. The agreement would be the basis for negotiating a developer’s agreement and an economic development incentives agreement with the county as the company would seek to establish a “global headquarters and manufacturing facility” on five acres in NeoCity.
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The company would seek to build a 75,000-square-foot facility with a minimum of 600 employees at an average salary of $85,000. Construction of the facility would cost $100 million, with an equipment cost of $170 million.
Click here to read the full story on the Orlando Business Journal’s website.
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