31 October Jacksonville Leaders Say London Trip Will Score Economic Results October 31, 2018 By Laura Pavlus General JAXUSA, Economic Development, Jaguars, London 0 The Florida Times-Union - October 29, 2018 - by David Bauerlein - read full article here Jacksonville leaders say London trip will score economic results JAX Chamber officials flew back from the Jaguars game in London with visions of Jacksonville gaining a center that would accelerate the growth of businesses that develop new technology in the fast-paced world of financial services. “Plans for similar center in JAX are in the works,” chamber CEO Daniel Davis tweeted after touring a business accelerator supported by Barclays in London. “Stay tuned.” Jacksonville isn’t a global financial capital like London, but the financial service industry is one of Jacksonville’s major employers. The chamber declined to elaborate on what the plan would be for Jacksonville or a timeline. Officials likewise had no immediate announcements about any United Kingdom companies opening or expanding their operations in Northeast Florida. Mayor Lenny Curry also used the “stay tuned” phrase in his own tweet that said the London connection is paying dividends for Jacksonville’s job growth. The chamber and city leaders made the trip to London for the sixth year in a row, booking meetings with companies and U.K. officials in the days leading up to the Jaguars game. Unlike the football game, where there’s always a clear winner and loser by the time the Jacksonville delegation packs its bags, it will take longer to see whether the latest round of meetings will yield any results. “With anything, we look to improve every year,” Davis said. “We have a better idea on partnership opportunities than we did five years ago and we’ve tried to be intentional on developing a relationship that makes sense for Jacksonville and London.” Past trips resulted in U.K. companies entering into economic development agreements that brought 130 jobs to Jacksonville by the end of 2017, according to reports filed with the city’s Office of Economic Development. City Facilities Management FL, a subsidiary of City Refrigeration Holdings in Scotland, put its North American headquarters in Jacksonville, bringing 60 jobs at an average salary of $89,988 to the city, according to the company’s report to the city. London-based Resource Solutions, an international recruiting services firm, opened a Jacksonville office that created 70 jobs with an average wage of $46,393, according to the company’s report. The city also struck an economic development deal with Greencore USA, a food-preparation company whose global headquarters is in Ireland, aimed at adding 283 new jobs on top of 259 existing jobs at its processing center in Jacksonville. But through the end of 2017, the company reported no new jobs. Greencore said it is seeking to add customers for the Jacksonville center so the volume of orders increases. JAX Chamber also credits the London trip in 2013 with starting discussions that resulted in Deutsche Bank, headquartered in Germany, adding 350 jobs at its Jacksonville office. In the area of tourism, the overseas trip prompted London-based P1 Powerboat to add Jacksonville to its circuit of powerboat races. For last week’s trip that preceded the Jaguars-Eagles game, the chamber scheduled economic development meetings Oct. 23-26. The chamber did not identify the companies but said they are in the fields of logistics, health and life sciences, advanced manufacturing and information technology. Davis said “we do expect some economic development news from this trip in the coming months.” The delegation toured the Port of Bristol and the offices for Rise London, described as a “fintech accelerator” aiding businesses developing technology for financial services. Jaguars owner Shad Khan joined Jacksonville officials at Rise London, which is one of several global locations supported by Barclays, the financial services company with headquarters in London. Related Jacksonville is Open for Business and Willing to Make a Deal! Possibility flows - Clay County, Just South of Jax. Mayor Lenny Curry wants CEOs to know that Jacksonville is open for business and willing to make a deal. Leaders Welcome State's Economic Development Chief GREEN COVE SPRINGS – With a focus on bringing more high-paying jobs to Clay County, economic development leaders, business leaders, elected officials and others recently hosted a county tour for the head of Enterprise Florida Inc. Officials Look to Spring Park Project as Key Piece in Economic Development GREEN COVE SPRINGS | The natural spring that is key to the city’s historic past could help lock in its future, say Green Cove Springs leaders and economic development officials projecting new business and industry could come into the community just as the mineral water now flows through Spring Park into the adjacent St. Johns River. Companies Continue to See the Cost Savings and Advantages of Moving Jobs to Jacksonville “We can have a hard time attracting people to New England because of the cost of living, tax rates and weather,” he said. “But Jacksonville is very attractive for all three. It has a good labor pool, and we want to hire professional people and pay good wages.” Incubating a Startup Scene: Creating a Vibrant Atmosphere for Tech and Biotech Firms to Grow in Jacksonville When Jim Stallings founded PS27 Ventures five years ago after retiring from IBM, his goal was simply to invest in and support local companies. Today, his incubator supports eight to 10 companies and employs full-time staff to help those companies vet their ideas, mature their product offerings, find new customers and more. “Five years ago, I wasn’t thinking that it would be like this, but it’s really evolved,” said Stallings. Though PS27’s days as the only incubator in town are numbered, it’s not worried about finding companies in the future. With a full pipeline of companies looking to enter its program – including several from outside of Northeast Florida – PS27 is quadrupling its footprint so it can support more startups at a time. Jacksonville Competing in the Top of the Pack for Small Business Jacksonville placed 30th out of more than 100 major metropolitan areas in an American City Business Journals study of small business vitality across America. Showing 0 Comment Comments are closed.