Navy Federal Credit Union – State of Florida Incentives
Quick Action Closing Fund
Contract
ID/Year

Award
Amount

Total New Jobs
Required

OT09-157/2009
SB12-187/2012
SB13-221/2013

$1,000,000
$1,000,000
$4,750,000
$2,000,000
$2,000,000
$2,000,000
$2,000,000
$2,000,000
$2,000,000
$2,000,000
$2,000,000
$2,000,000
$2,000,000

800
700
1500
500
500
500
500
500
500
500
500
500
500

SB15-041/2014

Capital
Investment
Required
$8,150,000
$6,000,000
$200,000,000
$100,000,000
$50,000,000
$50,000,000
$100,000,000
$50,000,000

Requirements Due
Date

Met Performance
Requirements

12/31/2016
12/31/2018
12/31/2020
12/31/2017
12/31/2018
12/31/2019
12/31/2020
12/31/2021
12/31/2022
12/31/2023
12/31/2024
12/31/2025
12/31/2026

8/3/2012
12/2/2013
10/6/2016
Expected to meet in 2017
Expected to meet in 2018
Expected to meet in 2019
Expected to meet in 2020
Expected to meet in 2021
Expected to meet in 2022
Expected to meet in 2023
Expected to meet in 2024
Expected to meet in 2025
Expected to meet in 2026

Total Jobs

Annual
Payroll

2,338
3,113
4,968

$50.7M
$125M
$250M

10,000*

$500M*

EOY 2016 Average Annual Wage - $54,047.

* Estimated

February 13, 2017
Prepared by Jasmin Singh
Navy Federal Credit Union