Site Selector Newsletter - Winter 2010
Bank of America Merrill Lynch Expanding Operations, Adding Jobs
After more than a year of analysis and deliberations, Bank of America Merrill Lynch is moving forward with plans to expand its Jacksonville operations and add approximately 1,000 new jobs. The company evaluated our labor market, real estate options and investment potential and decided Jacksonville was the ideal choice to continue growth and expansion plans. Bank of America Merrill Lynch has already begun modernizing its facilities to create room for new employees, which will generate tens of millions of dollars in capital investment.
The region's financial services industry has seen solid growth in the past year and the company's expansion is further evidence of this industry's track record in Northeast Florida.
Cornerstone's Year In Review 2010 proved to be a successful year for Cornerstone. We announced 26 projects representing more than 3,200 jobs. The aviation and financial services industries saw the most growth, while the logistics industry is showing signs of an uptick in activity.
- Adecco announced a corporate expansion of 100 new jobs.
- Digital Risk brought its mortgage risk mitigation business to Jacksonville, with 300 new jobs.
- Flightstar announced a new aircraft MRO facility, adding 200 new jobs and $25 million in capital investment.
- Interline Brands expanded to another distribution center, adding 70 new jobs and more than $3 million in capital investment.
- Lender Processing Services expanded its financial services operations, adding 350 new jobs.
- Mercedes-Benz consolidated Florida and Georgia operations in a new distribution center, adding 98 new jobs and $24 million in capital investment.
- North Florida Shipyards received funds from the Recovery Zone Program and is adding 246 new jobs and $7.7 million in capital investment.
- In Clay County Ocean Galley Seafood expanded its distribution center, retaining 80 jobs, adding 30 new jobs and investing $4 million in capital.
- PNC Bank selected Jacksonville for a new mortgage banking operations center, creating 200 new jobs.
- The Boeing Company expanded its military aircraft modification and maintenance facility, adding 35 new jobs and $500,000 in capital investment.
- One of the most unique projects of 2010 is Eurofins Scientific, an international food testing company that is opening a bioscience testing facility. Eurofins will partner with Florida State College at Jacksonville to educate and train students in the field of food safety.
Happy Holidays From Cornerstone
On behalf of the Cornerstone team, we would like to wish you a safe and happy holiday season. We look forward to working with you on new projects and to a successful 2011.
The Cornerstone Regional Development Partnership is Jacksonville and Northeast Florida's regional economic development initiative. Cornerstone works in partnership with the Jacksonville Regional Chamber of Commerce, the Jacksonville Economic Development Commission, JEA, the regional county partners — Baker, Clay, Duval, Flagler, Nassau, Putnam and St. Johns, WorkSource, JAXPORT, the Jacksonville Aviation Authority, the Jacksonville Transportation Authority and more than 200 top private sector investor corporate entities in the Jacksonville area.
Baker, Clay, Duval, Flagler, Nassau, Putnam and St. Johns Counties
3 Independent Drive • Jacksonville Fl 32202 • 904.366.6639
bizrelo@jacksonvillechamber.org • www.expandinjax.com
Where the Future Leads®