Steel mill with mayor's son as an owner on track for $5 million Miami-Dade subsidy
MIAMI -- The administration of Mayor Carlos Gimenez is recommending county commissioners approve a $5 million subsidy package for a $224 million steel mill proposed for the Homestead area by a company partially owned by one of the mayor’s sons.
Linked to future hiring, the money for the “micro” mill would be paid out over 10 years if the Esteel facility meets hiring and investment requirements included in the county agreement. The county program is available to all businesses either expanding or moving to Miami-Dade, but applications can be rejected by the administration or County Commission.
Gimenez formally recused himself in 2017 when son Julio Gimenez began pursuing a county-owned site for the factory, which would use electric-powered machinery to convert scrap metal into rebar and other raw building materials. The recommendation for the $4.9 million incentive package released Thursday night came from Jack Osterholt, one of four deputy mayors under Gimenez.
If approved by Miami-Dade commissioners next week, the incentive package could be the largest of its kind awarded under Gimenez, who took office in 2011.
Read more: https://www.miamiherald.com/news/local/community/miami-dade/article235538372.html
