Otto Aviation Group Receives $20M incentive for New Facility
City of JacksonvilleCity · GA- Disclosed value
- $20,000,000
- From agenda
- Document date
- Jun 3, 2025
- Term
- 20 years
The 30-second brief
City authorizes an economic development agreement with Otto Aviation Group, LLC, including a 20-year Recapture Enhanced Value (REV) Grant not to exceed $20,000,000 to support creation of headquarters and manufacturing facility.
Otto Aviation holds this economic development agreement 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
- Economic Development Agreement
- 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_4d2.pdf (Agenda)
Otto Aviation's other public contracts
More City of Jacksonville contracts
Questions about this contract
Who was awarded the economic development agreement contract by City of Jacksonville?
Otto Aviation was awarded this economic development agreement 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 economic development agreement work.
What type of contract is this?
This is a Economic Development Agreement contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city-of-jacksonville-agenda-2025-06-03_4d2.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.