Lee county commissioners on Tuesday will consider whether to give VR Labs a 5-million dollar incentive to build here. The contract calls for VR to spend 9-million on buildings in the next 2 and a half years, and to create 208 jobs paying an average of nearly 67-thousand dollars a year. VR has about 5 years to create those jobs.
"I like VR and its top people, I believe they will make it here. We will monitor them carefully to make sure they are meeting the guidelines, and if they are not, we can get the incentive cash back," said Lee Commissioner John Manning.
However, Tawny Jennings of Fort Myers doubts the company will make it. "They cannot pay those kinds of wages for 200 people. Ridiculous. They will not last," she told WINK.
VR wants to research and produce nutritional and medicinal supplements.
Jennifer Berg of the economic development office says: "This will have a total economic impact of 40-million dollars a year in Lee Co. We have done our diligence in researching the company and its top leaders, and we believe they will be able to make it. We have to diversify our economy with high-paying jobs."