When every business advantage counts, relocating or expanding your company in Jacksonville is your secret weapon in gaining a competitive edge in the financial services sector.
Financial and insurance services companies are an established cluster in the Jacksonville region and continue to experience healthy growth. That’s not surprising. Our available, educated workforce, state-of-the-art telecommunications infrastructure, low cost of doing business and excellent quality of life are a few of the elements we use to build an enticing and advantageous home base for your financial services business.
Why Jacksonville?
Northeast Florida already boats a strong cluster concentration of financial and insurance services, including recent major corporate expansions and business relocations by Fidelity Investments, Merrill Lynch and Washington Mutual.
Listed as one of the “hottest real estate markets for business,” the Jacksonville region offers abundant, affordable office space, allowing significant savings in your cost of doing business. Offered through JEA, Jacksonville’s municipal-owned electric, water and sewer utility, energy costs here are some of the lowest in the Southeast, and the consolidation of local utilities makes them stable and dependable. Northeast Florida assets include low property tax rates, no state income tax, empowerment zones, enterprise zones, low sales tax rates, and low average wages, which make for a low-business-cost environment.
The region also boasts a reliable electrical and telecommunications grid. The telecommunications infrastructure in the Jacksonville area is state-of-the-art. The area has capacity and redundancy capable of supporting all current and future information-dependent initiatives. Over the past three years, BellSouth has invested more than $100 million in improvements to the communications infrastructure throughout the region, including high-speed digital transmission, 100 percent electronic switching, self-healing fiber-optic ring architecture and enhanced voice applications.
No matter what your size, a financial or insurance services company is well-served in Jacksonville.
Workforce
Because Jacksonville is already home to many financial services companies, it offers a large base of experienced financial and insurance workers. In addition, the region has a base of college graduates from area universities, such as the University of North Florida, the University of Florida, Jacksonville University, Edward Waters College, Flagler College and Florida Community College at Jacksonville. Training programs such as the Institute for Financial Studies at FCCJ continue to build the region’s employee base.
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Financial and Insurance Companies in Jacksonville
(this list is non-comprehensive)
- Bank of America
- CitiBank
- Fidelity Investments
- Fidelity National Financial, Inc.
- Merrill Lynch
- Prudential
- Wachovia
- Washington Mutual
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