Grace Electronics Will Relocate Manufacturing to JacksonvilleCourtesy of Jacksonville Business Journal
New York-based GRACE Aerospace, formally GRACE Electronics, is expanding its operations in Jacksonville.
Grace is investing in its product manufacturing operations in Jacksonville and will be adding more than 25 jobs in the aviation sector over the next several years.
Founder and CEO Robert Carlo said GRACE is excited to be able to expand its operations in Jacksonville. He added that it is a privilege to be able to support the Navy and Fleet Readiness Centers and respond quickly to their needs.
GRACE Aerospace manufactures wire harnesses and other electronic equipment for military aircraft and has been in business for 26 years.
The company opened a satellite office at the Cecil Commerce Center about three years ago and currently leases 1,500 square feet. The expansion plan could see the aerospace manufacturing company expand its footprint by occupying about half of a 26,000 square foot facility.
GRACE Electronics applied for a qualified target industry incentive that would grant the company a $5,000 tax rebate per job that it creates from the expansion project.
The city’s would be responsible 20 percent of the QTI incentives or $1,000 per job up to a total of $25,000.