Jacksonville's strong economic climate draws global business to area

Jacksonville is living up to its Forbes ranking as one of the nation’s top 35 business locales, as recent company expansions and development initiatives have sparked a robust economic climate for the Northeast Florida area.

Using the area’s labor pool, low operating costs and pro-business environment, several major enterprises have chosen to expand operations in Jacksonville. Perhaps most universally recognized is disposable contact lens maker Johnson & Johnson Vision Care, which more than doubled its initial investment in the last three years for a total of $500 million laid out for its Jacksonville facility.

Also well known to consumers, Anheuser-Busch has chosen Jacksonville to house its expanded Metal Container Corp. facility, creating 75 jobs and making a $170 million capital investment in the facility and new equipment. The company plans to increase aluminum bottle production for Budweiser products based on popular demand.

Australian investment bank Macquarie Group plans an office in downtown Jacksonville, anticipating the creation of 123 accounting, tax and financial management jobs over the next two years with a $3 million investment. After considering 17 different locations, Macquarie opted for Jacksonville based on its strength in the financial services industry.

Citi, another major financial firm and a Jacksonville presence for over a quarter of a century, is adding 500 jobs to its current roster of 3,500 positions, indicating its long-term commitment to the region.

“Major global companies in the health care, finance and manufacturing sectors continue to affirm Northeast Florida as the ideal location for business success,” Jerry Mallot, president of the JAX USA Partnership for Regional Economic Development, said. “Our area’s affordable cost of living and variety of cultural and entertainment activities also provides an attractive lifestyle for relocating executives and employees.”

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