Downtown Orlando’s job incentives aim to lure big companies, investment. Here’s how they’ve fared.

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

Economic development incentives are driving a push to bring high-wage jobs to downtown Orlando.

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The city most recently approved downtown Community Redevelopment Agency incentives for Travel + Leisure Co. in May to move its national headquarters to downtown Orlando. The move for the vacation rental company (NYSE: TNL) which will bring roughly 900 existing jobs and create 102 new jobs over five years.

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The city will provide up to $2.27 million through the targeted international headquarters relocation incentive and $4.04 million through the community redevelopment agency’s High Wage/High Value Job Creation Program. Incentives require the jobs to be created and maintained for full payout, with the jobs paying a median annual salary of $109,136 or 100% of the national median wage of $45,713.

Click here to read the full story on the Orlando Business Journal’s website.

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