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Florida To Pay $20 Million To Bring In 5,000 Jobs

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JACKSONVILLE (CBSMiami/AP) - A company is promising to bring 5,000 job to Florida, so long as the state sets aside $20 million in incentives for the them.

Gov. Rick Scott, along with Navy Federal Credit Union, announced earlier this week that it would add the jobs and spend $350 million to expand its growing operations in the Pensacola area.

In September legislators agreed to set aside $20 million in incentives for "Project Revolution."

Besides naming Navy Federal as the beneficiary on Friday, Scott also pointed out that the company won't get the money until it creates the jobs.

Navy Federal Credit Union, the world's largest credit union, already more than 3,800 employees on its Escambia County campus.

(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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