Disney to invest nearly $864M for new Florida campus, state could give over $570M tax break.
Co. is going to build a new regional campus in Florida, a project they've invested as much as $864 million in and could give them $570 million in tax breaks, the Associated Press reported.
The new campus promised to employ at least 2,000 professional employees who will be relocating from Southern California to work in digital technology, finance and product development. The $570 million tax break would be one of the largest in Florida history for a single company, according to the documents obtained through a public records request by the Orlando Sentinel from the state's Department of Economic Opportunity.Disney has invested as much as $864 million for the project that they promised would employ 2,000 people.
Disney is eligible for the money under the state's Capital Investment Tax Credit program, for which it was approved in February 2020, Christina Pushaw, press secretary for Florida Gov.
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