Author Topic: Dun & Bradstreet moving HQ, 500 jobs to Jacksonville  (Read 28267 times)

Captain Zissou

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Re: Dun & Bradstreet moving HQ, 500 jobs to Jacksonville
« Reply #30 on: May 26, 2021, 04:11:47 PM »
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.

Chuckabear

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Re: Dun & Bradstreet moving HQ, 500 jobs to Jacksonville
« Reply #31 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.

Fallen Buckeye

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Re: Dun & Bradstreet moving HQ, 500 jobs to Jacksonville
« Reply #32 on: May 27, 2021, 08:15:56 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.

Ken_FSU

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Re: Dun & Bradstreet moving HQ, 500 jobs to Jacksonville
« Reply #33 on: May 27, 2021, 09:58:29 PM »
To hope too is that other companies see D&G relocating to Jacksonville and consider the same.

jaxlongtimer

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Re: Dun & Bradstreet moving HQ, 500 jobs to Jacksonville
« Reply #34 on: June 03, 2021, 09:44:59 PM »
This is a nice chunk of change to spend on renovations if they don't have a tenant yet... or do they?  D & B?

Quote
Danis 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

Captain Zissou

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Re: Dun & Bradstreet moving HQ, 500 jobs to Jacksonville
« Reply #35 on: June 04, 2021, 09:14:20 AM »
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.

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Jagsdrew

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Re: Dun & Bradstreet moving HQ, 500 jobs to Jacksonville
« Reply #37 on: June 14, 2021, 11:40:37 AM »
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

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.
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landfall

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fsu813

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Re: Dun & Bradstreet moving HQ, 500 jobs to Jacksonville
« Reply #39 on: June 21, 2021, 11:45:52 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?

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jaxlongtimer

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Re: Dun & Bradstreet moving HQ, 500 jobs to Jacksonville
« Reply #40 on: June 21, 2021, 01:37:04 PM »
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.
« Last Edit: June 21, 2021, 05:51:01 PM by jaxlongtimer »

Wacca Pilatka

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Re: Dun & Bradstreet moving HQ, 500 jobs to Jacksonville
« Reply #41 on: June 21, 2021, 03:16:49 PM »
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.
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jaxlongtimer

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Re: Dun & Bradstreet moving HQ, 500 jobs to Jacksonville
« Reply #42 on: June 21, 2021, 06:00:45 PM »
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).
« Last Edit: June 21, 2021, 06:03:06 PM by jaxlongtimer »

jaxlongtimer

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Re: Dun & Bradstreet moving HQ, 500 jobs to Jacksonville
« Reply #43 on: June 23, 2021, 12:58:55 PM »
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

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