Wall Street Is Hiring ... in Florida

[ProjectMaximus]

https://www.bloomberg.com/news/articles/2017-01-25/wall-street-is-hiring-in-florida

[fsquid]

I've met a few guys that did this and they are loving it.

[remc86007]

This is great for Jacksonville. A good fiber connection is the great equalizer.

[jaxjags]

A lot of these people probably like living in PV or the beaches. As JTB continues to fill up, I still believe a good location for light rail would be alongside JTB from A1A to I-95. Access to Mayo, UNF, Town Center, Tinseltown, office parks, and housing. As they have lived where mass transit is required they would easily use this system.

[thelakelander]

Good article!

[aldermanparklover]

"It's hard—it's not Manhattan," says Slover, 52, who spent her career in the Northeast before becoming the regional head of the bank's operations in Jacksonville and Cary, N.C. "Indian food at 11:30 at night does not exist."

Transplants from the city that never sleeps may feel at first like aliens in this northern Florida city 35 miles south of the Georgia border, but their numbers are growing...

There goes the neighborhood 

[thelakelander]

^Interesting summary at the end of the article, concerning the impact on Jax:

The influx of financial-services and other white-collar jobs has brought money and diversity to the area and may even be influencing the political landscape, says Michael Binder, an associate professor of political science at the University of North Florida in Jacksonville. In a county that George W. Bush carried by more than 15 percentage points in two presidential elections, Trump beat Hillary Clinton by just over 1 percentage point. "In a lot of ways, Florida is the inverse of America: The more north you get, the more South you are," Binder says, referring to cultural and political preferences. "But slowly this is changing, like a lot of the urban cities in the New South."

The bottom line: Former Wall Streeters are adjusting to Jacksonville, and they may be changing the city, too.

[coredumped]

As JTB continues to fill up, I still believe a good location for light rail would be alongside JTB from A1A to I-95.

I think we (eventually, in many years) see the JTB area go up, as in higher buildings. I've always considered that part of town (JTB & Southside, where BCBS etc is) like Buckhead Atlanta.

Again, many years away, but I could see it happening.

[spuwho]

The Wall Street journal had a similar article on this last year.

Sorry cant find the link I posted on MJ.

The one issue they mentioned was the cost of housing.

A middle manager cant get 15 minutes away from ones office for less than 600k in midtwon Manhattan.

In Jacksonville, you can get that for less than 250k. Technically, by relocating, you can get an instant raise (no income tax) and increase your disposable income by cutting your mortgage in half.

Many resist the move because they dont want to be away from the center of powers in NYC.

Some feel as long as the Giants or Jets play here once a year, they are happy. If the Knicks or Nets played a pre-season game here, that would satisfy the NBA crowd.

Being a long time Chicago resident before moving here I understand the changes you need in your expectations of what is available locally. Ultimately you find you can live without it or can wait longer.

[Adam White]

"It's hard—it's not Manhattan," says Slover, 52, who spent her career in the Northeast before becoming the regional head of the bank's operations in Jacksonville and Cary, N.C. "Indian food at 11:30 at night does not exist."

Transplants from the city that never sleeps may feel at first like aliens in this northern Florida city 35 miles south of the Georgia border, but their numbers are growing...

There goes the neighborhood 

A sentiment all too familiar to the residents of Alderman Park.

[fsquid]

A lot of these people probably like living in PV or the beaches. As JTB continues to fill up, I still believe a good location for light rail would be alongside JTB from A1A to I-95. Access to Mayo, UNF, Town Center, Tinseltown, office parks, and housing. As they have lived where mass transit is required they would easily use this system.

one of the things they tell me they like about living here is that they don't have to take mass transit.

[jaxjags]

Quote from: jaxjags on Today at 11:38:05 AM

A lot of these people probably like living in PV or the beaches. As JTB continues to fill up, I still believe a good location for light rail would be alongside JTB from A1A to I-95. Access to Mayo, UNF, Town Center, Tinseltown, office parks, and housing. As they have lived where mass transit is required they would easily use this system.




one of the things they tell me they like about living here is that they don't have to take mass transit.


Fair enough. I just thinking when the day comes, as it is in ATL now, where it can take 45-60 mind just to go 13 miles.

[Jax Friend]

For the record, this is another great example why it is so imperative that Jacksonville pass the HRO as soon as possible. If we are to be the best option for a large institution to relocate operations we must emulate the policies of the cities these institutions call home. We can not appear to be backwards in our thinking. I really think Jacksonville stands a chance of being the Wall Street of the South, but only if it can adhere to more open polices, and refer to its bigger cousins as examples.

[JaxJersey-licious]

For the record, this is another great example why it is so imperative that Jacksonville pass the HRO as soon as possible. If we are to be the best option for a large institution to relocate operations we must emulate the policies of the cities these institutions call home. We can not appear to be backwards in our thinking. I really think Jacksonville stands a chance of being the Wall Street of the South, but only if it can adhere to more open polices, and refer to its bigger cousins as examples.

Exactly. I understand the new HRO proposed is a watered down version of what was originally out there but the truth is we need to show businesses considering relocating that Jacksonville takes discrimination seriously. If it's not passed, no one will give the city credit for twice opening up the issue for "discussion". As mentioned in the article about how people in Jax normally think about social policies, "slowly this is changing, like a lot of cities in the New South".

Besides, if the HRO passes it's not like companies like Hobby Lobby are going to close their doors, pack up, and leave in protest...as long as they are making money.

[finehoe]

Besides, if the HRO passes it's not like companies like Hobby Lobby are going to close their doors, pack up, and leave in protest...as long as they are making money.

And even if they did, which would we rather have:  Minimum wage retail jobs or finance jobs paying around $67,000 a year.