City of Jacksonville Awards Financial Services Contract to Paysafe Payment Processing Solutions LLC (December 2022)
City of JacksonvilleCity · Jacksonville, FL- Disclosed value
- Headquarters Relocation Grant $1,500,000; Headquarters Retention Grant $5,000,000; Employment Creation Grant up to $3,600,000 (total $10,100,000)
- From minutes
- Approved
- Dec 6, 2022
- Renews
- Free account
The 30-second brief
The City of Jacksonville approved a $10.1 million incentive package for Paysafe Payment Processing Solutions LLC to relocate its national headquarters, including relocation, retention, and job creation grants. The agreement ties payments to creating and retaining 600 high‑wage jobs and at least $30 million in private investment, with significant clawbacks for nonperformance.
Paysafe Payment Processing Solutions LLC holds this financial services contract with City of Jacksonville. Its other public contracts on record include work for Willacy County and Town of Southampton.
The renewal date is on record. A free account shows it, with the renewals for every City of Jacksonville contract.
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Contract details
- Contract type
- Financial Services
- Amount
- Headquarters Relocation Grant $1,500,000; Headquarters Retention Grant $5,000,000; Employment Creation Grant up to $3,600,000 (total $10,100,000)
- Document date
- December 6, 2022
- Term
- Relocation Grant paid over 5 years; Retention Grant paid over 10 years following Relocation Grant; Employment Creation Grant paid over 4 years; performance schedule through at least 2035 and ROI modeled over 15 years
- Renews
- Free account
- Agency
- City of Jacksonville
- Source document
- finance_committee_meeting_minutes_december_6_2022.pdf (Minutes)
Paysafe Payment Processing Solutions LLC's other public contracts
More City of Jacksonville contracts
Questions about this contract
Who was awarded the financial services contract by City of Jacksonville?
Paysafe Payment Processing Solutions LLC was awarded this financial services contract by City of Jacksonville, as recorded on December 6, 2022. The contract value is Headquarters Relocation Grant $1,500,000; Headquarters Retention Grant $5,000,000; Employment Creation Grant up to $3,600,000 (total $10,100,000).
How much is the Paysafe Payment Processing Solutions LLC contract with City of Jacksonville worth?
The Paysafe Payment Processing Solutions LLC contract with City of Jacksonville is valued at Headquarters Relocation Grant $1,500,000; Headquarters Retention Grant $5,000,000; Employment Creation Grant up to $3,600,000 (total $10,100,000), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in finance_committee_meeting_minutes_december_6_2022.pdf (Minutes), dated December 6, 2022 from City of Jacksonville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Paysafe Payment Processing Solutions LLC hold?
Paysafe Payment Processing Solutions LLC 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.