Clay County Business News

Find out the latest announcements and happenings around Clay County.

Laura Pavlus
Laura Pavlus's Article

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.
Jax Council Passes Major Economic Incentive Packages for Downtown, Industrial Development

Jax Council Passes Major Economic Incentive Packages for Downtown, Industrial Development

Four major economic development projects passed final legislative hurdle at Tuesday's City Council meeting. Two of those - Project Glass and Project Empire - could be the deciding factor in whether two companies decide to open distribution centers in west Jacksonville. The other two - the Jones Brothers Furniture Building and an eight-story apartment complex planned on the Southbank - could bring dozens of new residents downtown.

Clay County Home to Top Ranking ZIP Codes

Clay County is proud to have 5 of the top 18 ranking ZIP codes for year-over-year growth in average single-family homes in Northeast Florida. Construction of the First Coast Express is fueling this increase. Clay County population growth projections are by-far the largest in the region for the next 10 to 15 years. Concurrently, 77% of Clay County residents commute into neighboring counties to work. Clay County is home to the second highest wage earners in the region. To learn more about business opportunities in Clay County, Florida call 904.375.9394.
Charlotte-based Company Acquires Orange Park Office Complex

Charlotte-based Company Acquires Orange Park Office Complex

Charlotte-based Lat Purser & Associates has purchased a four-building office complex in Orange Park for $6.7 million. Wells Lake Commerce Center, located near the I-295 and U.S. 17 interchange at 320-350 Corporate Way, was developed in 1999. The buildings comprise 52,620 square feet of office space.
Utility Expansion to Support First Coast Expressway

Utility Expansion to Support First Coast Expressway

Clay County will soon be home to an advanced water treatment facility that, when complete, will treat up to 3 million gallons of water per day for the center of the county and help meet the needs of future expected growth from the First Coast Expressway. Located off Sandridge Road near Ronnie Van Zant Park, and aptly called the Mid-Clay Wastewater Treatment Facility, Clay County Utility Authority officials said the first phase of the $18.5 million project is about 40 percent complete. When phase one goes online, or in CCUA terms, is commissioned, the facility will treat 600,000 gallons of water per day. Phase one of the facility can handle another 2,900 homes, which would bring the total gallons of water treated per day to 1.5 million.

I-95 named second-best launchpad for autonomous trucking in U.S.

INRIX, an international research firm, ranked I-95 as the second most promising starting point for autonomous trucking in the United States based on congestion, traffic incidents, freight volumes and more in a study published this week. I-95 from Jacksonville to Miami ranked no. 1 in the U.S. for projected commercial returns, while I-75 from Valdosta to Miami ranked third. Both interstates were named top five for highly autonomous vehicle deployment in INRIX's Automated Freight Corridor Assessment.