November 26, 2014
EverBank

EverBank and others in the area are hiring again.

Photo: Jon M. Fletcher

Medtronic

Medtronic plans to add 175 jobs and build an addition to a division headquarters.

Photo: Will Dickey/Florida Times-Union

Body Central

The Jacksonville-based Body Central women’s apparel chain has hired a new CEO to turn its fortunes around.

St. Augustine

St. John’s County is hoping to get a boost from the state’s Viva Florida 500 celebration.

Omni Hotels & Resort

The Omni Hotels and Resort added 160 full-time positions after completing renovations.

Putnam Country Business Park

Road work is opening up room for expansion at the Putnam County Business Park.

Oldcastle Sand Mine

The site for the proposed Oldcastle Sand Mine

Plum Creek

Plum Creek will start construction this year of its inland port.

Photo: Colin Hackley

« RETURN TO THE 2013 ECONOMIC YEARBOOK

Northeast Florida

Lilly Rockwell | 4/8/2013
Northeast

Health care industry, home building and new business interest

Mortgage servicers public-sector jobs

Jacksonville/Duval County

» After a six-year slump, Jacksonville real estate is back. Home sales increased 7.1% last year, with the median price jumping 6.8% to $133,500. Permits for new homes were up 35% last year, though still far below their peak levels in 2005.

» Mortgage servicers are still feeling the effects of the housing collapse, however. Mortgage servicer Homeward Residential intends to lay off 370 in its Jacksonville office. Lender Processing Services agreed to pay $127 million to resolve claims that it wrongfully foreclosed on homeowners and used “robo-signing.” University of North Florida economist Paul Mason believes this industry's slump is temporary. “As the number of mortgages increases, somebody will have to service them,” he says.

»  Elsewhere in the economy, the financial sector is a bright spot, adding 1,200 jobs last year. Citibank hired 200 at its southside Jacksonville office and plans to hire 200 more; Foundation Financial Group expanded its regional sales center and mortgage division; Deutsche Bank has shifted hundreds of jobs to Jacksonville. EverBank brought its headquarters into Jacksonville's downtown along with 1,700 jobs, including 200 new positions.

» From health insurers to hospitals, Jacksonville's health care companies are expanding as well. Surgical device maker Medtronic will add 175 jobs to its 600-plus Jacksonville workforce and will construct a 75,000-sq.-ft. addition to its surgical technologies division headquarters. Mayo Clinic is undergoing a $100-million expansion expected to create about 200 construction and staff jobs. In December, Baptist Health opened the 11-story, $200-million J. Wayne and Delores Barr Weaver Tower, featuring state-of-the-art surgical suites with intraoperative imaging capabilities. Novitas Solutions, a Florida Blue subsidiary, is adding 200 jobs.

» Meanwhile, the city laid off 150 employees in September and demoted another 150 to cut costs.

Businesses to Watch

» Healogics: The wound care management services company is expanding its Jacksonville headquarters and recently opened a training center. It expects to add 20 jobs in Jacksonville this year.

» Brightway Insurance: Sales increased more than 50% last year to $257 million. This year, the company expects to earn an additional $100 million.

» Rayonier: The 13th-biggest landowner in the world, Rayonier has had a good year under new CEO Paul Boynton, with its stock up 23% from the beginning of 2012, and its profit, sales and cash on hand improving from the year before. Much of its growth comes from fibers derived from trees, which are used in cigarette filters, LCD screens and more.

» Body Central: The struggling women's apparel retailer brought in a new CEO to help turn its sales around. Same-store sales dropped 11.6% in the fourth quarter. The company decided to keep its headquarters in Jacksonville after flirting with the idea of moving to Georgia last year, securing more than $500,000 in local and state incentives to stay.

People to Watch


Geraghty


Vitti

» Patrick Geraghty: As CEO of Florida Blue, Geraghty has overseen the expansion of stand-alone retail stores and is participating in a marketplace that allows employees to choose among health insurers' plans. Florida Blue and Florida Blue Foundation committed $5.2 million last year and $5.6 million over the next two years to Jacksonville non-profits.

» Tim Cost: The new president of Jacksonville University plans to strengthen ties with the business community and will lead an $85-million fundraising effort.

» Nikolai Vitti: As the new superintendent for Duval County public schools, Vitti, 36, was recruited from Miami-Dade's public schools, where he was credited with turning around low-performing schools.

Duval Population: 888,874
Population Growth Rate (2009-13): 0.84%
Population by Age:
0-14 15-19 20-39 40-64 65+
19.72% 5.97% 29.39% 32.95% 11.97%
Per Capita Income: $42,709

MSA Dec. 2012 Dec. 2011 % Change Jobless Rate
Jacksonville 643,526 631,946 +1.8% 7.4%
Source: Agency for Workforce Innovation

Homes - Single-family, existing-home sales
MSA 2013 Sales 1-Year Change 2013 Price 1-Year Change
Jacksonville 13,726 +9.4% $155,000 +4.7%
Source: Florida Realtors

Tags: Northeast, Economic Yearbook

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single ditgital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

What your doctor won’t disclose
What your doctor won’t disclose

Wouldn’t you want to know if your doctor was a paid spokesman for a drug company? Or held personal beliefs incompatible with the treatment you want? Right now, in the US at least, your doctor simply doesn’t have to tell you about that. 

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

What's your favorite thing about the Thanksgiving break?

  • Spending time with family & friends
  • Shopping & deals
  • Eating!!
  • Watching sports
  • What break? I'm busy working!

See Results

Ballot Box
Subscribe