NAVIGATION

HOME

WELCOME

COMPETITIVE ASSETS

INDUSTRIES

REGIONS

CONTACTS

Florida Trend

Florida Small Business

MEDIA KIT

CLOSE NAVIGATION

December 15, 2017

Business Florida 2014 - The Regions

Northeast Florida

Jacksonville, Palatka, Palm Coast, Ponte Vedra, St. Augustine

| 9/27/2013

ECONOMIC LIFE

Aviation
• Northrup Grumman Corporation will open an "Aircraft Integration Center of Excellence" in St. Augustine, generating 400 new jobs and a capital investment of $80 million.

• Flightstar Aircraft Services is expanding its aircraft maintenance, repair and overhaul operations at Cecil Airport with a new 150,000-sq.-ft. hangar and the addition of 300 permanent jobs and 100 contractors.

• Embraer has opened a 40,000-sq.-ft. assembly facility at Jacksonville International Airport to build 20 of its A-29 Super Tucano aircraft for the U.S. Air Force in partnership with Sierra Nevada Corporation. The expansion represents Embraer’s first U.S. military contract and 50 new jobs.

Financial/Business Services
Forbes ranked Jacksonville No. 5 on its 2013 list of "Cities Winning Finance Jobs from Wall Street," citing the region’s 11% growth in finance jobs between 2009 and 2012.

The sector continues to grow:

• Deutsche Bank is expanding its Jacksonville footprint with an infusion of $10 million in capital and 300 jobs over the next three years. Since 2008, Deutsche Bank has created more than 1,000 jobs in Northeast Florida.

• Bank of America will expand operations at two southside Jacksonville campuses to accommodate multiple lines of businesses and create at least 200 new full-time jobs by December 2015.

• Alorica, a leading provider of customer management outsourcing solutions, is adding 200 new employees — mostly inbound customer service representatives — at its Palatka facility.

Healthcare
Approximately 20% of Northeast Florida’s workforce is employed in the healthcare sector. Recent developments:

• UF Health Jacksonville, formerly Shands Jacksonville, is constructing a six-story, 210,000-sq.-ft. medical office complex in north Jacksonville with an opening date of early 2015. The $60-million facility will offer imaging services, emergency and urgent care and office space for University of Florida faculty and community physicians.

• Wound-care management services company Healogics, which relocated its corporate headquarters to Jacksonville in 2012, has already expanded by another 10,000 square feet. The company manages 500 wound-care centers throughout the U.S. and brings approximately 150 physicians and other medical personnel to Jacksonville for training monthly.

• Vistakon, a division of Johnson & Johnson Vision Care, plans to spend $12 million on expansion at its Jacksonville campus. The firm, which makes Accuvue® disposable contact lenses, has 4,100 employees worldwide, including 1,800 in Jacksonville.

Logistics/Distribution
Across Northeast Florida, approximately 40,000 are employed in distribution-related jobs. Advantages here include:

• Two deepwater ports — Fernandina and Jacksonville. In 2012, a record 8.2 million tons of cargo, including 923,660 containers, passed through JaxPort. In 2013, Bradford, Putnam and St. Johns counties were added to the Foreign Trade Zone based here.

• Multiple airports, including Jacksonville International Airport, offering daily non-stop service to 27 destinations.

• CSX, Norfolk Southern and RailAmerica, providing rail service to a potential 45 million customers within eight hours.

• Three interstates — I-95, I-295 and I-10 — intersect at Jacksonville; I-75 is just 60 miles away.

Tags: Business Florida

Florida Business News

Florida Trend Video Pick

Children’s Holiday Concerts
Children’s Holiday Concerts

The 29th Annual Children’s Holiday Concerts at the Straz Center in Tampa spread free holiday cheer to more than 5,4000 children from Hillsborough and Pinellas counties. 

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Do you like trying different cuisine from food trucks?

  • No
  • Only once in a while
  • Yes

See Results