Otto Aviation Group secures $20M REV Grant
City of JacksonvilleCity · Jacksonville, OR- Disclosed value
- $20,000,000
- From agenda
- Document date
- Jun 3, 2025
- Term
- 20 years
The 30-second brief
Economic Development Agreement with Otto Aviation Group, LLC for a 20-year Recapture Enhanced Value (REV) Grant, not to exceed $20,000,000, to support the construction of a manufacturing facility and relocation of the Company's headquarters at Cecil Airport. The company must maintain at least 400 new jobs at an average wage of $81,000.
Otto Aviation holds this rev grant contract with City of Jacksonville. Its other public contracts on record include work for Duval County.
Term as filed: 20 years.
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Contract details
- Contract type
- Rev Grant
- Amount
- $20,000,000
- Document date
- June 3, 2025
- Term
- 20 years
- Vendor
- Otto Aviation
- Agency
- City of Jacksonville
- Source document
- city-of-jacksonville-agenda-2025-06-03_e42.pdf (Agenda)
Otto Aviation's other public contracts
More City of Jacksonville contracts
Questions about this contract
Who was awarded the rev grant contract by City of Jacksonville?
Otto Aviation was awarded this rev grant contract by City of Jacksonville, as recorded on June 3, 2025. The contract value is $20,000,000.
How much is the Otto Aviation contract with City of Jacksonville worth?
The Otto Aviation contract with City of Jacksonville is valued at $20,000,000, covering rev grant work.
What type of contract is this?
This is a Rev Grant contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city-of-jacksonville-agenda-2025-06-03_e42.pdf (Agenda), dated June 3, 2025 from City of Jacksonville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Otto Aviation hold?
Otto Aviation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Jacksonville currently buying?
Explore City of Jacksonville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.