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| Supporters and Opponents of the potential Incoa Performance Minerals, Inc. Port of Pensacola economic development proposal are sending out opposing emails delineating their respective opinions and concerns.... |
In a series of emails the commissioners have recently received, It appears that battle lines are being drawn over the potential deal with Incoa, Inc. to bring roughly 70 jobs to the port, paying an average salary of $60K yearly, along with a $100 Million Dollar capital investment commitment.
It will be interesting to watch this discussion. It would be fantastic if a compromise could be reached on this to keep the company and also some sort of a mixed use of the port as well. We will see how it evolves....
From an email sent out in support of this deal:
"I believe the City Council will vote today to investigate a
lease with Incoa at the port of
Pensacola. As Director of First Place Partners, a private-sector
economic development
support organization made up of more than 45 local companies, I
support this lease for
several reasons:
— We need good paying jobs in Pensacola. Our average per
capital income is $39,582 - much
lower than the state average of $46,858. This lease
brings 77 jobs averaging more than
$60,000.
— The city of Pensacola needs the revenue. Facing the largest
proposed budget in the city’s
history, this project means almost $1 million a year to
help taxpayers.
I’m sure you are aware that one in four children in Escambia
County live in poverty. We lag
behind in many economic categories. Good jobs are so
important to our working families
- more important than building condos for rich people.
Thanks for your consideration,"
The folks who are leery of this deal, however, have many concerns. From their email:
"Our
concerns leaving the discussion is that this proposal has the potential to be
noisy, dust producing and a huge operation and my questions are as
follows:
Has
due diligence been performed on the principals involved in this venture?
Will
anyone involved with a financial stake call Pensacola their home and move their
family here?.
What
prevents any of the current players from selling their interest and moving
away?
Are
these companies shell companies with no recourse if commitments are not met?
Our
initial research shows foreign entities with Limited Liability status that are
not required to show owner’s names and may not be subject to suit in the US if
things go awry.
INCOA
Performance Minerals is registered in Delaware as a foreign limited liability
company with a mailing address in Salt Lake City Utah.
The
trademark INCAL (we believe this is the product name) is listed under
Whitehaven Partners LTD with a Utah address and shows up as a corporation
registered in the Cayman Islands.
YouTube
videos of Calcium Carbonate Processing facilities show these to be noisy, dust
producing and huge scale enterprises.
What
traffic studies have been discussed as to moving the processed calcium
carbonate through our downtown neighborhoods?
Has
thought been given to requirements to soundproof these warehouses and silos
that this company intends to occupy?
Obviously,
we are all coming in at the 11th hour but the concern is about the
future welfare of our beautiful city."
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