What makes the power of place important to a growing business? In Florida, particularly Jacksonville, the most important factors of talent, facility, cost/profitability and quality of life have been found for many businesses expanding their operations.
WSJ.com, in partnership with Enterprise Florida, recently featured the Jacksonville region’s rapidly growing fintech industry in their initiative, “The Power of Place,” highlighting Jacksonville-based FIS’ expansion and new global headquarters and SS&C Technologies’ increased investment of 200 new jobs in the city. The Jacksonville fintech spotlight includes video and written content featuring FIS Chief Marketing and Communications Officer Ellyn Rafferty and SS&C Technologies SVP of Advisory Client Experience Steve Leivent who discuss the aspects that lead to their expansion decisions in the market.
Robust talent and an academic pipeline to local universities were key reasons for both companies’ expansion efforts in the region, coupled with a commitment by the state to develop the talent development program, the Northeast Florida Fintech Initiative. This $3.6 million program, announced by Florida Gov. Ron DeSantis in early 2020, will create curriculum and technical certificate programs at Florida State College at Jacksonville and St. Johns River State College.
Other factors for expansion include the region’s high quality of life, low cost of living, growing financial service industry and strong partnership with city and state officials.
Watch and read more at WSJ.com’s “The Power of Place” microsite.