Really, really great acquisition for Jax, and a great sign that a legit big player in the data & analytics space sees Jax as having the talent pool necessary to make this move work.
I wonder where they end up at? Stein Mart building is on the market.
QuoteDun & Bradstreet to relocate corporate headquarters to Jacksonville
Dun & Bradstreet announced plans May 20 to relocate its corporate headquarters to Jacksonville, a move that will bring 500 jobs to the city and a $75 million investment in the next five years.
The company provides business data and analytics.
Dun & Bradstreet was acquired in 2019 by an investor group including Jacksonville-based Black Knight Inc., which remains a significant investor in the firm after its July 2020 initial public offering.
It will move to Jacksonville in the fall and is considering an office location. It is headquartered in Short Hills, New Jersey.
The average salary of the 500 new jobs will be about $77,000.
Anthony Jabbour, who serves as Black Knight CEO, also leads Dun & Bradstreet.
"I'm proud of our city and I'm proud to share it with our colleagues at Dun & Bradstreet," Jabbour said at a news conference at JAX Chamber.
Jabbour said in a news release the choice to move to Jacksonville was a strategic investment to grow the company.
"Jacksonville is an attractive market to recruit and retain future, diverse talent and we look forward to building our presence in the market and creating greater opportunities for advancement for the local community," Jabbour said.
Dun & Bradstreet will receive $4 million in state incentives through its High-Impact Performance Initiative.
Legislation will be introduced to City Council in the next two weeks for an additional $21 million in incentives.
Full story: https://www.jaxdailyrecord.com/article/dun-and-bradstreet-to-relocate-corporate-headquarters-to-jacksonville
I wonder if this is the company that the U2C team said wants a stop inside their building somehow. Although that would mean an office somewhere along Bay Street. I can still hear their little "can't do that with a streetcar" quip.
That aside, definitely cool to have a big business coming to town. Looking at their website, a little unclear on what exactly they do, but hey, jobs!
Quote from: marcuscnelson on May 21, 2021, 10:43:48 AM
That aside, definitely cool to have a big business coming to town. Looking at their website, a little unclear on what exactly they do, but hey, jobs!
The simplest explanation for them I can come up with is, "Experian but for companies". Think about all of the data Experian (and their subsidiaries) have on individuals and imagine that data for companies.
A few notes to add:
Florida Blue recently put over 300,000 square feet in their Riverside tower on the market. As Black Knight is the reason D & B is moving to Jax, it would make a lot of sense for D & B to lease this space as it is across the street from Black Knight.
The most famous employee to ever work for D & B was Abraham Lincoln. Three other presidents also worked for them:
QuoteThe credit reporter — a new profession (for future Presidents). Shortly after he joined the agency, Benjamin Douglass began establishing local offices and hiring full-time employees who became experienced, skilled reporters and interpreters of credit information. Working as a credit reporter was a respected position that provided strong training in sound business practices. Among the reporters who went on to establish names for themselves were four U.S. presidents: Abraham Lincoln, Ulysses S. Grant, Grover Cleveland and William McKinley.
https://www.dnb.com/about-us/company/history.html
Quote from: Ken_FSU on May 21, 2021, 10:14:06 AM
Really, really great acquisition for Jax, and a great sign that a legit big player in the data & analytics space sees Jax as having the talent pool necessary to make this move work.
I wonder where they end up at? Stein Mart building is on the market.
My understanding is that they are either going to go into the Fidelity campus, or backfill one of the two off-campus FIS spaces (one is suburban and the other is on the Southbank) that will eventually migrate back to the Fidelity campus.
The former Stein Mart building is going to auction next month.
Quote from: Steve on May 21, 2021, 11:23:46 AM
Quote from: marcuscnelson on May 21, 2021, 10:43:48 AM
That aside, definitely cool to have a big business coming to town. Looking at their website, a little unclear on what exactly they do, but hey, jobs!
The simplest explanation for them I can come up with is, "Experian but for companies". Think about all of the data Experian (and their subsidiaries) have on individuals and imagine that data for companies.
That's probably the most apt comparison.
D&B reports are used heavily in all kinds of commercial credit applications.
Although the headcount is only ~500 or so, the amount of corporate travel that this relocation will bring to Jacksonville will be fairly significant. Further solidifies how the Fidelity relocation during the Delaney administration (driven by the Jaguars partners) was the single greatest economic development deal in Jacksonville's history.
^ It also looks like they are moving in the direction of exploiting their massive data for other purposes such as targeted marketing, vendor vetting, etc. One article noted they are even working with Google. They recently bought an artificial intelligence company to advance their data mining capabilities. I believe this was the real reason Black Knight and its partners acquired D & B.
Quote from: fieldafm on May 21, 2021, 01:01:43 PM
Quote from: Ken_FSU on May 21, 2021, 10:14:06 AM
Really, really great acquisition for Jax, and a great sign that a legit big player in the data & analytics space sees Jax as having the talent pool necessary to make this move work.
I wonder where they end up at? Stein Mart building is on the market.
My understanding is that they are either going to go into the Fidelity campus, or backfill one of the two off-campus FIS spaces (one is suburban and the other is on the Southbank) that will eventually migrate back to the Fidelity campus.
The former Stein Mart building is going to auction next month.
So the idea is once the FIS HQ is complete, FIS then vacates the Fidelity/Black Knight Campus West of Forest Street, then D&B moves to the Black Knight Campus?
Quote from: Steve on May 21, 2021, 01:58:32 PM
Quote from: fieldafm on May 21, 2021, 01:01:43 PM
Quote from: Ken_FSU on May 21, 2021, 10:14:06 AM
Really, really great acquisition for Jax, and a great sign that a legit big player in the data & analytics space sees Jax as having the talent pool necessary to make this move work.
I wonder where they end up at? Stein Mart building is on the market.
My understanding is that they are either going to go into the Fidelity campus, or backfill one of the two off-campus FIS spaces (one is suburban and the other is on the Southbank) that will eventually migrate back to the Fidelity campus.
The former Stein Mart building is going to auction next month.
So the idea is once the FIS HQ is complete, FIS then vacates the Fidelity/Black Knight Campus West of Forest Street, then D&B moves to the Black Knight Campus?
FIS, Blacknight and FNF have office space outside of the current campus and Florida Blue building across the street (which they vacated last year). Flagler out in Bartram Park, Prudential Building on the Southbank, etc all have a Fidelity presence, for example. I don't know the exact 100% plans, but its been rumored that a Fidelity-related company will be moving to Jax for a couple of months now, and the scuttlebutt has revolved around a likely backfilling of existing Fidelity-related space.
^Interesting, thanks for sharing!
If they're moving into existing space, I wonder how they justify asking for $21 million in incentives from the City. FIS's $30ish million came mostly in the form of a REV grant. Would it just be a tax abatement on the existing property?
Hope to see them downtown rather than in the burbs.
Quote from: jaxlongtimer on May 21, 2021, 01:32:46 PM
^ It also looks like they are moving in the direction of exploiting their massive data for other purposes such as targeted marketing, vendor vetting, etc. One article noted they are even working with Google. They recently bought an artificial intelligence company to advance their data mining capabilities. I believe this was the real reason Black Knight and its partners acquired D & B.
I work with them in this capacity. In addition to the credit stuff, they have some of the deepest business profiles in the world. For B2B marketing, they're pretty great if you're trying to reach a very specific type of target with minimal waste.
Quote from: Ken_FSU on May 21, 2021, 02:25:24 PM
^Interesting, thanks for sharing!
If they're moving into existing space, I wonder how they justify asking for $21 million in incentives from the City. FIS's $30ish million came mostly in the form of a REV grant. Would it just be a tax abatement on the existing property?
Hope to see them downtown rather than in the burbs.
Just relaying what I heard. My importance in the world is relatively low... and certain things I'm told are wrong. Guess we'll have a better idea once the legislation is filed.
Quote from: fieldafm on May 21, 2021, 02:12:06 PM
Quote from: Steve on May 21, 2021, 01:58:32 PM
Quote from: fieldafm on May 21, 2021, 01:01:43 PM
Quote from: Ken_FSU on May 21, 2021, 10:14:06 AM
Really, really great acquisition for Jax, and a great sign that a legit big player in the data & analytics space sees Jax as having the talent pool necessary to make this move work.
I wonder where they end up at? Stein Mart building is on the market.
My understanding is that they are either going to go into the Fidelity campus, or backfill one of the two off-campus FIS spaces (one is suburban and the other is on the Southbank) that will eventually migrate back to the Fidelity campus.
The former Stein Mart building is going to auction next month.
So the idea is once the FIS HQ is complete, FIS then vacates the Fidelity/Black Knight Campus West of Forest Street, then D&B moves to the Black Knight Campus?
FIS, Blacknight and FNF have office space outside of the current campus and Florida Blue building across the street (which they vacated last year). Flagler out in Bartram Park, Prudential Building on the Southbank, etc all have a Fidelity presence, for example. I don't know the exact 100% plans, but its been rumored that a Fidelity-related company will be moving to Jax for a couple of months now, and the scuttlebutt has revolved around a likely backfilling of existing Fidelity-related space.
That's great news if it pans out.
Quote from: fieldafm on May 21, 2021, 02:12:06 PM
Quote from: Steve on May 21, 2021, 01:58:32 PM
Quote from: fieldafm on May 21, 2021, 01:01:43 PM
Quote from: Ken_FSU on May 21, 2021, 10:14:06 AM
Really, really great acquisition for Jax, and a great sign that a legit big player in the data & analytics space sees Jax as having the talent pool necessary to make this move work.
I wonder where they end up at? Stein Mart building is on the market.
My understanding is that they are either going to go into the Fidelity campus, or backfill one of the two off-campus FIS spaces (one is suburban and the other is on the Southbank) that will eventually migrate back to the Fidelity campus.
The former Stein Mart building is going to auction next month.
So the idea is once the FIS HQ is complete, FIS then vacates the Fidelity/Black Knight Campus West of Forest Street, then D&B moves to the Black Knight Campus?
FIS, Blacknight and FNF have office space outside of the current campus and Florida Blue building across the street (which they vacated last year). Flagler out in Bartram Park, Prudential Building on the Southbank, etc all have a Fidelity presence, for example. I don't know the exact 100% plans, but its been rumored that a Fidelity-related company will be moving to Jax for a couple of months now, and the scuttlebutt has revolved around a likely backfilling of existing Fidelity-related space.
Was doing a bit of digging on google. Is there a fidelity presence in an office building in Deerwood also?
Quote from: landfall on May 21, 2021, 05:00:31 PM
Quote from: fieldafm on May 21, 2021, 02:12:06 PM
Quote from: Steve on May 21, 2021, 01:58:32 PM
Quote from: fieldafm on May 21, 2021, 01:01:43 PM
Quote from: Ken_FSU on May 21, 2021, 10:14:06 AM
Really, really great acquisition for Jax, and a great sign that a legit big player in the data & analytics space sees Jax as having the talent pool necessary to make this move work.
I wonder where they end up at? Stein Mart building is on the market.
My understanding is that they are either going to go into the Fidelity campus, or backfill one of the two off-campus FIS spaces (one is suburban and the other is on the Southbank) that will eventually migrate back to the Fidelity campus.
The former Stein Mart building is going to auction next month.
So the idea is once the FIS HQ is complete, FIS then vacates the Fidelity/Black Knight Campus West of Forest Street, then D&B moves to the Black Knight Campus?
FIS, Blacknight and FNF have office space outside of the current campus and Florida Blue building across the street (which they vacated last year). Flagler out in Bartram Park, Prudential Building on the Southbank, etc all have a Fidelity presence, for example. I don't know the exact 100% plans, but its been rumored that a Fidelity-related company will be moving to Jax for a couple of months now, and the scuttlebutt has revolved around a likely backfilling of existing Fidelity-related space.
Was doing a bit of digging on google. Is there a fidelity presence in an office building in Deerwood also?
I know Fidelity Investments does. Completely separate company that shares nothing aside from the name
Quote from: fieldafm on May 21, 2021, 02:39:05 PM
Quote from: Ken_FSU on May 21, 2021, 02:25:24 PM
^Interesting, thanks for sharing!
If they're moving into existing space, I wonder how they justify asking for $21 million in incentives from the City. FIS's $30ish million came mostly in the form of a REV grant. Would it just be a tax abatement on the existing property?
Hope to see them downtown rather than in the burbs.
Just relaying what I heard. My importance in the world is relatively low... and certain things I'm told are wrong. Guess we'll have a better idea once the legislation is filed.
Looks like you're probably right.
No REV grant.
https://www.jaxdailyrecord.com/article/city-proposes-dollar21-million-in-grants-for-dun-and-bradstreet-headquarters
Thrilled to have D&B headquartering here, but man, that's a pretty fat incentives deal.
$21 million in cash (not tax abatements) from taxpayers, with about $10 million upfront over the next three years.
For context, I think we only paid FIS a $3.5 million cash incentive to build their new HQ here in Jacksonville (plus a $20 million REV grant on future taxes).
What sorts of things are counted/included in that makes up the "$75 million investment"? Building construction and buildout? Salaries? Business taxes to be paid? Utilities? Computers? Desks? Chairs? I honestly don't know and am asking sincerely.
Street Cred... 8)
Quote from: Papa33 on May 23, 2021, 09:04:58 AM
What sorts of things are counted/included in that makes up the "$75 million investment"? Building construction and buildout? Salaries? Business taxes to be paid? Utilities? Computers? Desks? Chairs? I honestly don't know and am asking sincerely.
What the Curry camp is telling City Council is that it won't be new construction.
The $75 million investment = $65ish million to purchase an existing building or campus, $10ish million in upgrades to that building.
City contribution = $21 million in cash, including both an upfront $6 million payout for relocation, as well as a $600k retention payout every year for the next 20 years if they agree to not leave Jacksonville ($12 million total for retention).
The remaining $3 million in incentives comes from a $6k grant for each job brought in (500 jobs x $6k = $3 million).
In the same way that the mayor's office is shifty about most things, they're being shifty about the incentives deal, claiming that it's tied to meeting certain job creation thresholds, etc. Seems to me like only about 15% of the total package is tied to said thresholds.
Still glad to see D&B relocating here, while also hoping that city leadership fully understands that the need to hand out tens of millions of dollars in subsidies to spur corporate relocations and private developments while the rest of the Southeast is booming is a massive indictment of their ability to push Jacksonville forward.
Quote from: Ken_FSU on May 25, 2021, 03:50:18 PM
What the Curry camp is telling City Council is that it won't be new construction.
The $75 million investment = $65ish million to purchase an existing building or campus, $10ish million in upgrades to that building.
...how much is the current JEA building?
And man, imagine if we hadn't torn down the old City Hall building on Bay Street and gotten renovations underway that we could then turn over to D&B. Funny how that kind of thing turns out.
Quote from: Ken_FSU on May 25, 2021, 03:50:18 PM
Quote from: Papa33 on May 23, 2021, 09:04:58 AM
What sorts of things are counted/included in that makes up the "$75 million investment"? Building construction and buildout? Salaries? Business taxes to be paid? Utilities? Computers? Desks? Chairs? I honestly don't know and am asking sincerely.
Still glad to see D&B relocating here, while also hoping that city leadership fully understands that the need to hand out tens of millions of dollars in subsidies to spur corporate relocations and private developments while the rest of the Southeast is booming is a massive indictment of their ability to push Jacksonville forward.
While true, there's also only so many relocations to go around. Given it's only taken 35 years and counting for the city/DOT to figure out how to create an I-10 @ I-95 interchange, perhaps faster growth would be an even worse problem than slow growth. Meh. Problems everywhere.
I don't like the term "campus". That means the suburbs are in play?
Quote from: Papa33 on May 25, 2021, 08:14:04 PM
I don't like the term "campus". That means the suburbs are in play?
The Fidelity companies refer to the buildings on Riverside Ave as a "campus".
To Field's point, this would make logical sense if they backfill the FIS space-maybe combined with space in the Florida Blue building.
^I hope they do backfill space in Brooklyn as opposed to heading to the Southside.
Doubt it'll happen if they're looking to backfill, but D&B would be a fantastic office anchor for what Fuqua is planning for the old Times-Union property.
Steinmart Building and additional leftover FIS space in the Prudential Building if needed could make sense as well.
Quote from: FlaBoy on May 26, 2021, 12:52:36 AM
Steinmart Building and additional leftover FIS space in the Prudential Building if needed could make sense as well.
Home Depot (formerly Interline) has a big chunk of the Prudential Building and I heard they may have recently expanded their space. The Army Corps is also in that building. Of course, Prudential. So, lots of good sized tenants. Wonder how much space is really free unless FIS is out before D & B arrives.
Unless Fidelity National, FIS or Black Knight have the necessary space in one of their Riverside Avenue buildings, it seems to me the 300,000 sf Florida Blue has on the market in Riverside would be a good (maybe best) fit for D & B until they are ready for permanent space down the road. Just think Black Knight would love the proximity to their HQ's.
Also, with their recent cutbacks, I wonder if TIAA's building in Riverside has much open space.
If they wanted to buy land to build, they could buy the parking lot in front of the YMCA.
Based on a conference call I attended all of the FIS employees who worked at the Prudential office will be WFH until the new office opens (I have just returned to the Riverside office). I believe the company bought out our lease in the prudential building a while back.
Quote from: jaxlongtimer on May 26, 2021, 12:58:43 AM
Quote from: FlaBoy on May 26, 2021, 12:52:36 AM
Steinmart Building and additional leftover FIS space in the Prudential Building if needed could make sense as well.
Home Depot (formerly Interline) has a big chunk of the Prudential Building and I heard they may have recently expanded their space. The Army Corps is also in that building. Of course, Prudential. So, lots of good sized tenants. Wonder how much space is really free unless FIS is out before D & B arrives.
Unless Fidelity National, FIS or Black Knight have the necessary space in one of their Riverside Avenue buildings, it seems to me the 300,000 sf Florida Blue has on the market in Riverside would be a good (maybe best) fit for D & B until they are ready for permanent space down the road. Just think Black Knight would love the proximity to their HQ's.
Also, with their recent cutbacks, I wonder if TIAA's building in Riverside has much open space.
I agree. Especially with Black Knight and D&B sharing CEO's, it's likely that D&B takes the FIS space in the current building and find additional space in the Florida Blue Building. Long term, buying the current TIAA Bank on 501 Riverside Avenue there. It would be convenient to Black Knight and FIS with some nice signage options there as well. Certainly, an eco-system of related businesses there is nice in drawing other businesses with spin off concepts.
One other sneaky interesting choice would be the One Enterprise Building there with the nice signage and potential to fit the whole work force in one tower that would be reasonably priced. I still think it's Brooklyn though as close to Black Knight as possible. Would not surprise me if the reason Florida Blue made the moves with updating their space is because they were let in with this deal.
I know some Riverside Ave Black Knight employees who were told to clean out their desks today as they are now WFH employees. Could be moving in some D&B employees into that building before FIS even moves out.
I may be ignorant of some larger context here, but 500 jobs with an average salary of 77K over 5 years doesn't strike me as anything that deserves a single penny of incentives.
Quote from: Chuckabear on May 27, 2021, 01:48:41 PM
I may be ignorant of some larger context here, but 500 jobs with an average salary of 77K over 5 years doesn't strike me as anything that deserves a single penny of incentives.
Not ideal having to pay so much to get companies to come, but those are high-paying jobs for the area. That extra disposable income being spent in the area should bring some more tax revenue, too. I'd much rather pay this than for Lot J or U2C clown cars. I'm glad it's not another Amazon center being announced this time, too.
To hope too is that other companies see D&G relocating to Jacksonville and consider the same.
This is a nice chunk of change to spend on renovations if they don't have a tenant yet... or do they? D & B?
QuoteDanis Builders LLC is renovating four floors at the 20-story Florida Blue tower at 532 Riverside Ave. at a cost of $2.06 million.
The city issued a permit May 19.
Florida Blue is a company of GuideWell, which intends to lease out the space on the first, third, ninth and 10th floors.
https://www.jaxdailyrecord.com/article/development-notes-renovations-for-guidewell-space-in-riverside
Quote from: Fallen Buckeye on May 27, 2021, 08:15:56 PM
Not ideal having to pay so much to get companies to come, but those are high-paying jobs for the area. That extra disposable income being spent in the area should bring some more tax revenue, too. I'd much rather pay this than for Lot J or U2C clown cars. I'm glad it's not another Amazon center being announced this time, too.
This is pretty high on a per employee basis ($40,000) considering the ownership company is already headquartered here. The initial offer to Deutsche Bank was around $10,000 per employee and ended up being a much greater ROI as they moved more of their operations here in subsequent years. $10k per head has been more of the norm, but the average salary here is greater than usual as well. I'd rather see $20k, but I do support incentives to move companies here vs promising huge sums for the U2C or knocking down buildings without a plan to replace them.
Headed to Town Center?
https://www.jaxdailyrecord.com/article/analysis-town-center-two-fits-dun-and-bradstreets-building-needs
Stein Mart's building is up for auction + adjacent garage, bidding starts at $7m. July 19-21 Auction dates
https://www.jaxdailyrecord.com/article/stein-mart-building-auction-postponed-to-july-19-21 (https://www.jaxdailyrecord.com/article/stein-mart-building-auction-postponed-to-july-19-21)
Not sure if that checks all the boxes for them but would be nice to find a tenant to fill the building and not splice it up.
https://www.jaxdailyrecord.com/article/project-end-game-proposes-673-high-wage-tech-jobs-in-downtown-jacksonville
Different but similar story. Wonder who? Worldpay perhaps?
Quote from: landfall on June 21, 2021, 07:22:34 AM
https://www.jaxdailyrecord.com/article/project-end-game-proposes-673-high-wage-tech-jobs-in-downtown-jacksonville
Different but similar story. Wonder who? Worldpay perhaps?
Silicon Valley of the East! She spoke it into existence!
Quote from: landfall on June 21, 2021, 07:22:34 AM
https://www.jaxdailyrecord.com/article/project-end-game-proposes-673-high-wage-tech-jobs-in-downtown-jacksonville
Different but similar story. Wonder who? Worldpay perhaps?
Seems fintech encompasses a wide range of companies so lots of fertile ground to plow. Here are some large private fintech companies based in the US and listed by Forbes:
https://www.forbes.com/sites/elizahaverstock/2021/06/08/the-11-biggest-fintech-companies-in-america-2021/?sh=6ed01e1e4f13
Here is a longer list of 50 companies:
https://builtin.com/fintech/fintech-companies-startups-to-know
And an even longer list of 500 companies!
https://growjo.com/industry/Fintech/2
Another ranking:
https://courses.cfte.education/ranking-of-largest-fintech-companies/
Looks like no one can agree on exactly what a fintech company is. Interestingly, I didn't see FIS or Black Knight on any of these lists and they would be near the top, it would appear, if included. Makes one wonder just how this industry is defined.
Quote from: landfall on June 21, 2021, 07:22:34 AM
https://www.jaxdailyrecord.com/article/project-end-game-proposes-673-high-wage-tech-jobs-in-downtown-jacksonville
Different but similar story. Wonder who? Worldpay perhaps?
^ I don't think so, since the article mentions a company that is considering moving HQ to Jacksonville and is considering several other candidate cities. Hopefully a new entry to the community.
Quote from: Wacca Pilatka on June 21, 2021, 03:16:49 PM
Quote from: landfall on June 21, 2021, 07:22:34 AM
https://www.jaxdailyrecord.com/article/project-end-game-proposes-673-high-wage-tech-jobs-in-downtown-jacksonville
Different but similar story. Wonder who? Worldpay perhaps?
^ I don't think so, since the article mentions a company that is considering moving HQ to Jacksonville and is considering several other candidate cities. Hopefully a new entry to the community.
I am guessing he was referring to FIS moving a related company (in this case, a newly acquired subsidiary) to Jax, much like Black Knight is facilitating an affiliated (but non-subsidiary) company in D & B here. I guess we will know soon enough.
The line about considering other cities is often boiler plate language used to "justify" incentives that are already baked into a decision to move here and that is only on hold for final approval. Given the size of these moves and the long term dollar benefits involved (lower taxes, more appealing life style, lower cost of business, labor pool, logistics, etc.), I wonder if such incentives amount to enough to truly sway a final decision. I take them more as a "community welcoming embrace" to the prospect, letting them know we truly "love" them. Makes them feel warm and fuzzy about their move 8).
This prospect looks more and more like a potential relative or affiliate of FIS based on below article. Worldpay certainly fits this bill although the Fidelity, FIS and Black Knight family have lots of other companies they are connected to.
Quote
A $4.5 million incentive package aimed at bringing some 673 fintech jobs to downtown Jacksonville is on its way to City Council after being signed off on by the mayor's office.
The jobs would include about 200 call-center positions, which would not be incentivized. Overall, the jobs have an average wage of $97,000.
The company, codenamed Project End Game, would partner with an existing company, according to the city's incentives proposal.
"They've looked into the Jacksonville market because a local institution made a pretty significant investment in them," said Kirk Wendland, executive director of the office of Economic Development. "We think we've convinced them to choose Jacksonville for their expansion."....
https://www.bizjournals.com/jacksonville/news/2021/06/21/new-fintech-proposes-673-high-wage-jobs-in-do.html?utm_source=st&utm_medium=en&utm_campaign=me&utm_content=ja&ana=e_ja_me&j=24220018&senddate=2021-06-22
Looks like Town Center
https://www.news4jax.com/news/local/2021/07/01/dun-bradstreet-picks-town-center-ii-for-new-global-headquarters/
Dun and Bradstreet are a nice addition for Jax, but that's a big incentive package for a company whose employees will have a quicker commute to Nocatee Town Center than the Shoppes of Avondale. Big get for St. John's County's ad valorem tax rolls compliments of Duval.
Impressive that the Daily Record managed to predict it two weeks ago.
https://www.jaxdailyrecord.com/article/analysis-town-center-two-fits-dun-and-bradstreets-building-needs
Quote from: CityLife on July 01, 2021, 11:22:24 AM
Dun and Bradstreet are a nice addition for Jax, but that's a big incentive package for a company whose employees will have a quicker commute to Nocatee Town Center than the Shoppes of Avondale. Big get for St. John's County's ad valorem tax rolls compliments of Duval.
Yep.
Shops of Avondale? I ain't a fan of the govt handing over $$$$$ for this stuff. But let's not act like that is _the_ Duval. E-town, Mandarin, Julington Creek, Town Center, Tamaya, the beaches, all are quite close and reasonable for living.
And even if they built downtown, northern St. John's is still very much in play. A lot of people would rather deal with the longer commute to be able to send their kids to good schools w/out having to go or because they don't have the $ to go the private school right.
Duval's going keep bleeding middle / upper middle class folks to St. John's Cnty and even Clay until they reform their public schools. The problem, the rub, is that especially w/ the First Coast expressway opening up, more businesses are just going to set up shop in those counties in the first place.
Quote from: bl8jaxnative on July 17, 2021, 02:20:27 PM
Shops of Avondale? I ain't a fan of the govt handing over $$$$$ for this stuff. But let's not act like that is _the_ Duval. E-town, Mandarin, Julington Creek, Town Center, Tamaya, the beaches, all are quite close and reasonable for living.
And even if they built downtown, northern St. John's is still very much in play. A lot of people would rather deal with the longer commute to be able to send their kids to good schools w/out having to go or because they don't have the $ to go the private school right.
Duval's going keep bleeding middle / upper middle class folks to St. John's Cnty and even Clay until they reform their public schools. The problem, the rub, is that especially w/ the First Coast expressway opening up, more businesses are just going to set up shop in those counties in the first place.
Duval County is bleeding middle class families to surrounding counties but is rapidly replacing them with younger singles and couples with no kids that are also middle class but generally have a lower income than the larger households you see in Clay and St Johns. The number of non-family households has increased by 30,000 in Duval since 2010 compared to 4,000 in all of the surrounding counties combined during that same time period.
According to 2019 ACS, over 40% of households in Duval are non-family households compared to 20% and 27% in Clay and St Johns respectively. The average income for those households is $51k in Clay, $56k in Duval, and $64k in St Johns.
So if Dun & Bradstreet has a lot of people with families working for them then St Johns should be celebrating but if it's mostly young professionals with no kids then it's still a big win for Duval.
Duval schools are improving, and the county is getting more and more diverse, whereas St. Johns' populace is 90% white. Jacksonville has more advantages over the bedroom suburbs than it sometimes gets credit for.
Last time I went to Nocatee I left in a hurry. Very depressing. Would not move there for all the ______ in ________.
My neighborhood in Avondale has had a huge influx of young families with kids in the last few years.
Quote from: Zac T on July 18, 2021, 12:55:18 PM
Quote from: bl8jaxnative on July 17, 2021, 02:20:27 PM
Shops of Avondale? I ain't a fan of the govt handing over $$$$$ for this stuff. But let's not act like that is _the_ Duval. E-town, Mandarin, Julington Creek, Town Center, Tamaya, the beaches, all are quite close and reasonable for living.
And even if they built downtown, northern St. John's is still very much in play. A lot of people would rather deal with the longer commute to be able to send their kids to good schools w/out having to go or because they don't have the $ to go the private school right.
Duval's going keep bleeding middle / upper middle class folks to St. John's Cnty and even Clay until they reform their public schools. The problem, the rub, is that especially w/ the First Coast expressway opening up, more businesses are just going to set up shop in those counties in the first place.
Duval County is bleeding middle class families to surrounding counties but is rapidly replacing them with younger singles and couples with no kids that are also middle class but generally have a lower income than the larger households you see in Clay and St Johns. The number of non-family households has increased by 30,000 in Duval since 2010 compared to 4,000 in all of the surrounding counties combined during that same time period.
According to 2019 ACS, over 40% of households in Duval are non-family households compared to 20% and 27% in Clay and St Johns respectively. The average income for those households is $51k in Clay, $56k in Duval, and $64k in St Johns.
So if Dun & Bradstreet has a lot of people with families working for them then St Johns should be celebrating but if it's mostly young professionals with no kids then it's still a big win for Duval.
Good data. Even young professionals that work at/near the Town Center are more likely to live at the beach, Baymeadows, Southside, Intracoastal West than the In Town neighborhoods. Anecdotally, in my experience young professionals from those neighborhoods are far more likely to eventually move to Nocatee/SJC than those that live in the In Town neighborhoods.
My wife and I are in our mid-30s living the Baymeadowns/Southside area. We love it. Neighborhood is quiet. Diverse options of kick ass food (Maa Kitchen bringing the A+ game for Indian food). And it is convenient to literally everywhere in Jax. For the most part... it's still quite a haul to the Baldwin Trail
^ I am involved in residential rentals at times close into town. I never have a problem finding young professionals to rent. Many of them are affiliated with the major medical facilities (St. Vincent's, Baptist, MD Anderson, Woflson, Nemours, UF, Navy Hospital, etc.) or doctors having offices in proximity to them. Lawyers and bankers are other fertile groups for these areas.
I also find that some of those moving from more northern areas are attracted to the more traditional architecture of our older neighborhoods. While our older neighborhoods are often a bit "newer" or less extensive than those in some places that have a much larger building stock predating WW's I and II, these transplants often desire the character of similar neighborhoods here that come closest to approximating their origins.
Quote from: jcjohnpaint on July 18, 2021, 06:27:55 PM
My neighborhood in Avondale has had a huge influx of young families with kids in the last few years.
I'm in Avondale and can confirm this.
Quote from: Tacachale on July 18, 2021, 04:37:59 PM
Duval schools are improving, and the county is getting more and more diverse, whereas St. Johns' populace is 90% white. Jacksonville has more advantages over the bedroom suburbs than it sometimes gets credit for.
Duval County Public Schools couldn't have gotten any worse.
Duval, like the rest of the country, is becoming beige. It'll happen in Duval a generation before St. John's County. But it'll happen in both places. The demographic set up for it is in place and can't be undone.