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ClevelandNew YorkPittsburghChicagoPhiladelphiaCincinnatiSt. LouisKansas CityWashington D.C.LouisvilleNorfolkNashvilleCharlotteLittle RockBirminghamAtlantaCharlestonJacksonNew OrleansJACKSONVILLETampaMiami
NORTHEAST FLORIDA
EMPLOYMENT by SECTOROther Services4%Construction6%Education & HealthServices15%Trade,Transportation &Utilities21%Financial Services9%Information1%Government11%Professional &Business Services15%Manufacturing4%Source: Florida Department of Economic Opportunity, 2018Leisure & Hospitality12%
TARGET INDUSTRIESADVANCEDTRANSPORTATION& LOGISTICSADVANCEDMANUFACTURINGFINANCIALSERVICES Aircraft & AviationComponents Aerospace & DefenseMaintenance & Repair Clean Energy & Solar Metal Products &Machinery Financial ServicesSupport / Back Office Investment Banking /Front Office Medical Devices Medical Research Medical Tourism Intermodal Distribution Third-Party Logistics Assembly,Repackaging &Kitting Defense Technologies FinTech / FinancialSecurity Software Healthcare IT Smart Infrastructure Autonomous VehiclesHEALTH &BIOMEDICALINFORMATION TECHNOLOGY & INNOVATIONData CentersSoftwareData
JAX FACTS875 SQUARE MILESLargest City in Land Mass in U.S.TEMPERATUREAVERAGES*Summer90oF - 70oFCONSOLIDATEDCity / CountyGovernmentsWinter65oF - 42oF26.5 MINUTELARGESTAverage Commute*U.S. Urban Park System*2017 American Community Survey; Northeast Regional Climate Center
AVIATION1,3004,360LARGE 002,2501,3001,5007251,000300400290450700225290
40020012580RECENTANNOUNCEMENTSby 002501851751802505003001071501702008012530050
20 major banks andinvestment services firms onthe Forbes Global 500 listhave operations in JAX
No. of employeesFINANCIALSERVICES &INSURANCEEMPLOYERSBANK OF AMERICA MERRILL LYNCH – Banking and investments8,000FLORIDA BLUE – Health insurance7,000CITI – Consumer finance4,500FIDELITY NATIONAL FINANCIAL/ FIS/ BLACK KNIGHT SERVICES– Title insurance and IT solutions4,100JP MORGAN CHASE – Banking and mortgage3,900WELLS FARGO – Banking3,500DEUTSCHE BANK – Global technology and operations center2,250TIAA BANK – Banking2,000AETNA – Health insurance1,700VYSTAR CREDIT UNION – Credit union1,380CITIZENS PROPERTY INSURANCE – Insurance1,040ALLY FINANCIAL – Auto finance1,000PRUDENTIAL FINANCIAL – Financial advisors900FIDELITY INVESTMENT – Investments900ALLSTATE – Insurance800CIT – Equipment finance and leasing625ERC – Collections and other business process outsourcing600PNC FINANCIAL SERVICES GROUP – Banking540ADT SECURITY SYSTEMS – Financial customer service center500U.S. BANK – Banking/Financial services500LENDERLIVE – Mortgage services450KEMPER – Insurance – division HQ450
Established client service delivery center500 EY established a client service delivery centerat Flagler Center in 2016EMPLOYEES Adding 450 roles to its US financial servicesconsulting practiceTOTAL JAXFOOTPRINT: Heavy focus on Anti-Money Launderingconsulting services Primarily staffing operation with collegegraduates80,000SQ.FT.“Jacksonville is adesirable corporatelocation, and theestablished financialservices presence heremakes the city a great fitfor our newest clientEVOLUTION in JAXAdded client servicedelivery center2016service delivery center.”-Shawn Smith,Partner, SoutheastFinancial ServicesLeader, EY
Australian Investment Bank Australian investment bank Macquarie Groupselected downtown Jacksonville for the locationof a nearshore finance operation in 2015 The company has since added shared servicefunctions Plans to continue expanding with other roles225EMPLOYEESTOTAL JAXFOOTPRINT:25,000SQ.FT.Macquarie undertook a robustsearch for a new location. The cityof Jacksonville, its civic leadershipand the business communitycould not have been morewelcoming. The city presents avery compelling business case,Established officein JAX2015and we look forward toEVOLUTION in JAXestablishing a presence inJacksonville to further support thegrowth of Macquarie’s U.S. and2017Added sharedservice functionEuropean businesses.-Michael P.McLaughlin, USCountry Head
Investment Bank Regional Operating Center In 2006, Fidelity established its fifth US retailCustomer Contact Center at Deerwood ParkNorth850 This operation is primarily focused onsupporting the operations of Fidelity’s PersonalInvesting business unitEMPLOYEES Jacksonville customer contact associateshandle 20 percent or more of Fidelity’s retail callvolumeTOTAL JAXFOOTPRINT:160,000SQ.FT.FidelityInvestmentsopens JAXcenter2006EVOLUTION in JAX2015Announced 300additional roles
8,000Banking and Investment Services One of the world’s largest financial institutions,Bank of America Merrill Lynch has 8,000employees in Jacksonville located on threecampuses throughout the city Bank of America and Merrill Lynch both hadextensive finance, IT and other operations inJacksonville prior to the merger in 2009EMPLOYEESTOTAL JAXFOOTPRINT:800,000SQ.FT.
1,100EMPLOYEESTechnology Provider to the Banking Industry Headquartered in downtown Jacksonville, FIS isthe world’s largest global provider dedicated tofinancial technology solutions. FIS is a Fortune 500 company with more than42,000 people worldwide and holds leadershippositions in payment processing and bankingsolutions. FIS acquired SunGard in 2015 and merged bothJacksonville operations.SQ.FT.“The combination ofJacksonville’s business – andfamily – friendly climate havebeen key success factors incompany. It’s this talent thatFIS acquiresSunGard and adds250 roles201520032006200,000attracting top talent to theEVOLUTION in JAXFNF relocatescorporate HQ toJAXTOTAL JAXFOOTPRINT:FNF spins off FISenables us to empower thefinancial world and make adifference in the lives ofconsumers touched by it.”-Gary Norcross,President and CEO,FIS Global
Largest U.S. Office Outside of Wall StreetREPRESENTED ROLES Global Markets Operations Corporate Finance Information Technology Asset Management Cyber Security Wealth Management Compliance Finance Legal2008EMPLOYEESTOTAL JAXFOOTPRINT:350,000SQ.FT.EVOLUTION in JAXEstablishedglobal and techoperations with100 employees2,000 Second expansionwith 300 new jobs.Began shift of jobstraditionally found onWall Street20132012First expansionwith 260 new jobsin tech, front officeand financefunctionsOpened new officeto support futuregrowth up to 2,800positions20162015Third expansion with350 new jobs acrossall business lines
TOP OFFICE EMPLOYERS1. NORTHBANKCitizens Property InsuranceCommunity First Credit UnionCSX CorporationTIAAU.S. BankWells FargoVyStar Credit Union1,0403001,5002,0005003,5001,3802. RIVERSIDEBlack Knight Financial ServicesFidelity National FinancialFIS2,4005001,3003. SOUTHBANKAetnaInterlineMacquarieOne Call Care ManagementPrudential InsuranceStein MartSuddath1,7007502251,5009001,00085024. JTB CORRIDORAcostaAdeccoAT&TBank of America Merrill LynchCITDeutsche BankFidelity InvestmentsFlorida BlueAllState4004002,6008,0006002,2508506,7008005. BAYMEADOWSConvergysERCJPMorgan ChaseNGA Human ResourcesLenderLiveVoya Financial7006003,9004504507506. FLAGLER CENTERAlly ast update: 3/2/18
RECENT RANKINGSTOP 40 BEST PLACES for Business andCareers – Forbes#2 Most Up-and-Coming City inAmerica – Time#2 CITY Best Cities for Tech OutsideCalifornia and New York – DataFox5TH BEST CITYfor Attracting Millennials– SmartAsset#5 CITY in Market in terms ofGender Diversity and TechOccupations – CBRE5TH CITY WINNINGFINANCE JOBSFrom Wall Street – ForbesFinance
NORTHEAST FLORIDA 2000Source: U.S. Census & Demographics Now20102020
JAX REGIONAL WORKFORCE
M I G R AT I O N I N F L O W S B Y A G E28.3%24.0%More than 70% ofnew residents areunder the age of 4018.4%9.7%9.1%6.3%4.2%1-19 years20-29 years30-39 years40-49 yearsSource: American Community Survey County-to-County Migration Flows: 2011-201550-59 years60-69 years70 years
A rated schoolsB rated schools
HIGHER EDUCATIONSCHOOLENROLLMENTFlorida State College at Jacksonville21,092University of North FloridaSt. Johns River State CollegeJacksonville UniversityEdward Waters CollegeFlagler College16,3097,2494,2223,4432,689University of Central Florida66,059University of Florida52,669Florida State UniversityFlorida A & M UniversityEmbry Riddle Aeronautical UniversitySource: National Center for Education Statistics, Full-Time Enrollment Fall 201741,3629,9136,338
LOCAL UNIVERSITIES Ranked 2018 Best Value Collegeby Forbes Among the top ranked businessschools in the Southeast Outstanding Business, MBA andother schools Excellent aviation, engineering,cyber security and marinescience programsThomas Carpenter LibraryDavis College of BusinessStudent UnionMarine Science Research Institute
FIRST COAST’S PROTECTED LOC ATIONJACKSONVILLE
MAJOR LANDFALLING HURRICANES
ACCESS by AIR100 NON-STOP FLIGHTS40 MARKETSMinneapolisRochesterMilwaukeeDenverKansas CityNon-stop flightsto major airport hubsAtlantaNew YorkWashington icago O’HareChicago MidwayBaltimoreIndianapolisColumbusCincinnati RichmondSt. LouisNew York:LaGuardiaJFKNewarkWashington DullesWashington NationalNorfolkLouisvilleLas VegasRaleighNashvilleCharlotteAtlantaDallas/Ft. WorthDallas/Love FieldHouston InternationalHouston HobbySan AntonioAustinJACKSONVILLEFt. LauderdaleMiami
OFFICE MARKET RATESRateVacancyClass A 22.699.0%Class B 19.028.4%Total 19.557.8%701 San MarcoConcourse II83.4CommercialConstruction IndexSource: CoStar Jacksonville Office Market Report, Year-End 2018, RS Means 2019Bank ofAmerica TowerVeranda
COST OF LIVING COMPARISONNATIONAL AVERAGE 100Seattle159.4Boston153.3New YorkDetroitChicago 98.5120.0San Francisco200.1Salt Lake as City111.1Norfolk94.5Oklahoma .298.2CharlestonAtlanta .7Miami115.7Source: C2ER Cost of Living Index,1stQuarter 2019
HOUSINGMore house for your moneyJacksonvilleCharlotteAtlantaChicagoBostonNew York (Brooklyn)Source: C2ER Cost of Living Index, 1st Quarter 2019Based on a2,400 square foot,3 bedroom/2 bathroomnew home 283,053 303,292 378,430 520,200 713,920 1,366,333
HOUSING COSTS –Recently Sold Homes 368,900 - Duval 279,900 – St. JohnsMedian New andResale Price: 245,000 305,387– St. Johns 389,900 – ClaySource: National Association of Realtors, 1st Quarter 2019 196,900 – Nassau
HOUSING COSTSSola 1,350 - 1,599Links at Windsor Parke 1,209 - 1,629Carlyle at Bartram Park 1,220 - 1,325AverageApartmentRental: 1,2202BR/2BA 1,000 sqftThe Strand 1,800 - 2,230Source: C2ER Cost of Living Index, 1st Quarter 2019Sorrel 1,346 - 1,816Heron 730 - 905
WORLD-CLASS HEALTH C ARE SYSTEM Mayo Clinic Baptist Health MD Anderson Cancer Center UF Health at Jacksonville Memorial Hospital St. Vincent’s Medical Center Flagler Hospital Orange Park Medical Center Brooks Rehabilitation Wolfson Children’s Hospital Nemours Children’s Clinic
FLORIDA TAX ANALYSIS C o r p o r a t e F r a n c h i s e Ta xNone S t a t e P e r s o n a l I n c o m e Ta xNone I n v e n t o r y Ta xNone M a n u f a c t u r i n g E q u i p m e n t Ta xNone S t a t e S a l e s & U s e Ta x6.0% C o r p o r a t e I n c o m e Ta x5.5% P r o p e r t y Ta x18.2 mils
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JACKSONVILLE & NORTHEAST FLORIDA
THANK YOUCathy Chambers, Senior Vice President(904) 366-6667 or cchambers@jaxusa.org3 Independent DriveJacksonville, FL 32202(904) 366-6600
SunGard and adds 250 roles 2003 2006 2015 Headquartered in downtown Jacksonville, FIS is the world’s largest global provider dedicated to financial technology solutions. FIS is a Fortune 500 company with more than . 305,387–
