Railex seeks almost $8.8 million incentives

[thelakelander]

It appears a major infill industrial project could be on the way.

Railex LLC, an expedited train service marketed to the food, beverage, pharmaceutical and manufacturing industries, is seeking almost $8.8 million in City and state incentives to acquire undeveloped rail spur property along Philips Highway and construct a multimodal logistics center.
Legislation for the incentives was filed Thursday morning and is scheduled to be introduced to City Council on Tuesday.

The company, based in Riverhead, N.Y. and founded in 2005, currently has 700 full-time employees and will create 310 new full-time jobs as part of the deal.

full article: http://www.jaxdailyrecord.com/showstory.php?Story_id=539268