JAXUSA Partnership s regional focus includes seven Northeast Florida counties. With 1.5 million residents, the region offers endless opportunities and a superior quality of life. The Jacksonville area continues to experience positive growth as more people discover its perfect balance between business opportunities and lifestyle. The Region s Leading Financial Services & Insurance Employers EY looked across the country for the best site for a new service delivery center. We needed a substantial number of college graduates across a wide range of majors. Jacksonville easily emerged as our best option for a 450-job center. -- Mike Middleton, Managing Partner, EY Northeast Florida's business - and family-friendly climate have been key success factors in attracting top talent to the company. It's this talent that enables us to empower the financial world and make a difference in the lives of consumers touched by it. We're very committed to Jacksonville, home of our global headquarters, and are excited to further deepen our roots in the community here." -- Gary Norcross, President and CEO, FIS No. of employees BANK OF AMERICA MERRILL LYNCH Banking and investments 8,000 FLORIDA BLUE Health insurance 7,000 CITI Consumer finance 4,500 FIDELITY NATIONAL / FIS/ BLACK KNIGHT Title insurance and IT solutions 4,100 JP MORGAN CHASE Banking and mortgage 3,900 WELLS FARGO Banking 3,500 DEUTSCHE BANK Global technology and operations center 2,250 TIAA Bank Banking 2,000 AETNA Health insurance 1,700 VYSTAR CREDIT UNION Credit union 1,385 CITIZENS PROPERTY INSURANCE insurance 1,040 ALLY Auto finance 1,000 PRUDENTIAL Financial advisors 900 FIDELITY INVESTMENT Investments 850 Financial Services Support Investment Banking Mortgage Sales and Service Software Development 4FORTUNE 1000 3FORTUNE 500 NATIONAL OR DIVISIONAL 80 + HEADQUARTERS Jacksonville is home to four Fortune 1000 and three Fortune 500 company headquarters. More than 80 local companies have national or divisional headquarters in Northeast Florida. ALLSTATE Insurance 800 CIT Equipment finance and leasing 625 ERC Debt recovery 600 U.S. BANK Insurance 500 LENDERLIVE Mortgage 450 KEMPER Mortgage services 450 EY Accounting firm 400 SS&C ADVENT Investment management software 400 TIME magazine ranked Jacksonville as the 2 nd Most Up-and-Coming City in America.
JAX NAP provides reliable connectivity through REDUCED RISK LOWER COST Connecting to JAX instead of traditional cities like Atlanta and Miami can save customers 20-30%. Jacksonville International Airport (JAX) 20 major banks, insurance and investment services firms on the Forbes Global 500 list have operation centers in JAX. Tucked away in the westernmost point of the East Coast, Jacksonville is the least likely place on the Atlantic or Gulf Coasts to experience a hurricane. Due to a recurvature effect, storms heading toward Jacksonville are influenced by the Bermuda high pressure system from the west and are driven northward. 95 + NON-STOP DAILY FLIGHTS 35 DIRECT U.S. AIRPORTS $ 300 MILLION in Infrastructure Improvements Affordable Construction & Real Estate 15% LOWER THAN U.S. AVERAGE Cost of Constructing New Facilities in Jacksonville $ 22.00 PER SQ. FT CLASS A Positive Tax Advantages Annual real estate lease rates are below most major metro areas, averaging 9.0% VACANCY RATE CLASS A After investing more than $300 million to construct and expand the terminal and its three concourses, JAX is now one of the most modern airports in the world. NO CORPORATE FRANCHISE TAX STATE PERSONAL INCOME TAX TAXES ON INVENTORIES TAXES ON FOREIGN INCOME
Young & Dynamic Workforce Northeast Florida s population is more than 1.6 million and the total workforce is comprised of 835,000 people. The median age in Jacksonville is 38, providing a young and dynamic workforce equal in age to the national average and three years lower than the Florida average. Recognized Market for Education Attainment Jacksonville was ranked by Site Selection Group as the 4 th fastest growing market for Bachelor s Education Attainment in the U.S. Forbes ranked Jacksonville in the Top 10 Cities attracting college grads Steady Stream of Skilled Workers Our region employs 60,000 people in financial services in a variety of front, middle and back office functions within banking, investments, mortgage and insurance sectors. Research shows Jacksonville continues to be a top area for attracting young professionals. We are extremely pleased to have selected Jacksonville as the location for a new office for some of Macquarie s global finance functions. Macquarie undertook a robust search for a new location. The city of Jacksonville, its civic leadership and the business community could not have been more welcoming. The city presents a very compelling business case, and we look forward to growing our presence in Jacksonville to further support the growth of Macquarie s U.S. and European businesses. - Michael McLaughlin, U.S. Country Head, Macquarie Group Median Financial Services and Insurance Salaries in Jacksonville JAX NYC JAX NYC Accountants and Auditors $61,800 $90,100 General and Operations Managers $104,300 $148,100 Bookkeeping, Accounting, and Auditing Clerks $36,500 $48,400 Insurance Claims and Policy Processing Clerks $33,600 $49,000 Business Operations Specialists, All Other $62,200 $79,700 Insurance Underwriters $57,700 $68,200 Computer User Support Specialists $46,500 $61,500 Loan Officers $62,500 $90,000 Credit Analysts $65,800 $107,400 Management Analysts $44,300 $45,600 Customer Service Representatives $31,200 $40,400 Personal Financial Advisors $70,900 $94,800 Financial Analysts $68,600 $114,100 Securities, Commodities & Financial Services Sales Agents $69,600 $104,500 Financial Managers $128,900 $196,500 Title Examiners, Abstractors, and Searchers $102,400 $141,800 Financial Specialists, All Other $64,400 $88,200 Training and Development Specialists $85,700 $140,000 Financial Times recognized Jacksonville as one of two Global Cities Emerging as a Banking and Finance Powerhouse
Source: C2ER, Cost of Living Study 2017 Home to the # 1 School District Jacksonville is home to St. Johns County, the #1 ranked school district in Florida. One of the Best Places to Attend college There are more than 20 colleges, universities and community colleges in the area with a total enrollment of more than 65,000 students. The American Institute of Economic Research ranked Jacksonville 17 out of 360 mid-sized cities that are the best places to attend college. CEO Magazine recognized JU s EMBA program as a Nationwide Tier 1 Program Major Colleges and Universities in or near Jacksonville Enrollment Bachelor Degrees Graduate Degrees University of North Florida (UNF) 15,762 3,415 622 Jacksonville University (JU) 4,060 901 437 Florida State College at Jacksonville (FSCJ) 24,078 654 n/a Flagler College 2,621 654 n/a St. Johns River State College 7,114 73 n/a University of Florida (UF) 52,367 8,477 5,810 University of Central Florida 64,088 13,002 5,810 Florida State University (FSU) 41,173 9,800 2,833 Florida A&M (FAMU) 9,619 1,681 598
An Outdoor Enthusiasts Playground Northeast Florida is known for its outdoor recreational opportunities, featuring 90 miles of beaches along the Atlantic Ocean and the majestic St. Johns River for boating, fishing and kayaking. Forbes ranked Jacksonville as one of the 20 best cities for summer travel. Jacksonville also boasts more than 131 square miles of city, state and national parks making it the largest urban park system in the nation. Ninth Best City to Shop Forbes magazine ranked Jacksonville as the ninth Best U.S. Shopping City. Jacksonville has several great shopping centers including the newest addition at St. Johns Town Center, an outdoor mall that also features a variety of high-end dining, nightlife, hotels and residential living options. Sporting Events for the Whole Family Sports enthusiasts can cheer for the NFL Jacksonville Jaguars, the Jacksonville Jumbo Shrimp AA baseball team and the Armada FC soccer team. The region also features more than 85 elite golf courses, including famed THE PLAYERS Stadium Course at TPC Sawgrass and the World Golf Hall of Fame. World-Class Health Care Our region offers a world-class health care system, home to one of only three Mayo Clinic campuses in the U.S., one of six MD Anderson Cancer Center partnerships in the country and several other distinguished area hospitals and medical research facilities. Top Arts & Culture Destination Business Insider ranked Jacksonville as the 11th best city for arts and culture. Art lovers will appreciate the Museum of Contemporary Art, Cummer Museum of Art and Gardens, and the Museum of Science and History, as well as the Jacksonville Zoo and Gardens. The area is also home to several performing arts venues and the worldrenowned Jacksonville Symphony. Top City for Relocating Jacksonville is ranked number 2 in Realtor.com s New Hot Spot Where Americans Are Moving. The average commute time to work is only 25 minutes. The average cost of a newly constructed 2,400 square foot home in Jacksonville is only $244,669. Our region boasts more than 106 A-rated schools with a proven track record of superior performance. Contact JAXUSA Partnership if your company is Considering an Expansion or Relocation. More than 60,000 people are employed in Jacksonville s financial services industry Plug-and-play office solutions with competitive lease rates and low taxes The JAXUSA Partnership is Jacksonville and Northeast Florida s regional economic development initiative supporting Baker, Clay, Duval, Flagler, Nassau, Putnam and St. Johns counties. Please let us know how we can help grow your company in Jacksonville and Northeast Florida by contacting: Cathy Chambers, Senior Vice President 904.366.6667 or cchambers@jaxusa.org