Business Florida 2021 - The Regions
Baker • Clay • Duval • Flagler • Nassau • Putnam • St. Johns
Florida’s Northeast is a region fueled by possibilities and positioned to thrive. Located along I-95, just south of the Georgia state line, its signature city — Jacksonville — has added nearly 90,000 new residents since 2010 and, at 840 square miles, is the largest city by area in the continental U.S. Driving growth in this region are a skilled and diverse workforce of 837,000; a multimodal network of exceptional land-sea-air connections; and a can-do attitude that inspires innovation across industry sectors. No surprise, then, that three Fortune 500 companies and the national or divisional headquarters of more than 80 other firms have found homes here.
Home to more than 20 institutions on Forbes Global 500 list, Florida’s Northeast is widely known as an international banking, investment and insurance powerhouse. Among well-known brands thriving in Jacksonville are: Bank of America, Citi, JPMorgan Chase, Fidelity National Financial, FIS, Wells Fargo and VyStar Credit Union; two offshore financial institutions, Frankfurt-based Deutsche Bank and Sydney-based Macquarie Group; and insurance giants Florida Blue, Aetna and Allstate.
FIS, a global leader in financial services technology and one of three Fortune 500 companies headquartered in Jacksonville, is doubling down on its commitment to Northeast’s Fintech industry sector. Founded in Little Rock in 1968, FIS went public in 2008 and that same year, chose Jacksonville as its headquarters. In November 2019, FIS announced plans to build a new and expanded world headquarters here. The anticipated 12-story structure overlooking the St. Johns River in downtown Jacksonville is expected to open by June 2022. Also anticipated: an additional 500 employees by 2029, bringing the company’s workforce in Jacksonville to approximately 1,800.
Also joining Northeast’s Fintech sector: Cantor Fitzgerald. The financial services firm headquartered in New York plans to open an office in Jacksonville to handle international securities processing; 80 new jobs are expected.
And to ensure that the region’s workforce is prepared for jobs in this growing industry sector, Florida Governor Ron DeSantis has launched the “Northeast Florida Fintech Initiative” in conjunction with Florida State College at Jacksonville and St. John’s River State College. In addition to two technical certificate programs and a boot camp academy, the initiative will embed Fintech-related skills and coursework into accounting, business administration, financial services and information technology curricula.
KEY PLAYERS: Emtec, Jacksonville; Fidelity National Financial, Jacksonville; FIS, Jacksonville; Florida Blue, Jacksonville; SS&C Technologies, Jacksonville