Most Shared

WEAR - Search Results

The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

Offshore Inland coming to Pensacola Port bringing 100 jobs

PENSACOLA  --  The Port of Pensacola has struck a deal with a company that's promising 100 middle-class jobs. Offshore Inland will be leasing an empty warehouse and will be building on adjacent property to build flexible pipes. They are also expected to bring in $250K a year in revenue for the port.

Several other ports competed for this deal, but Pensacola won out. Mayor Ashton Hayward said, "If you look where we are geographically located, being right by Gulf- it sets us up perfectly for it."

Offshore Inland will invest $10-12 million in construction. As part of the deal, the City offered an incentive of cheaper rent but that's all contingent on them fulfilling the promise on their end. Hayward said, "That's why we have a clawback clause. When you give an incentive, you want to make sure you get the jobs. If we don't get the jobs, there will be a penalty.

Construction will begin with the next year and it's expected to finished by the end of 2016.