Jacksonville Business News
BUSINESS NEWS
New Housing Development Proposed in Downtown Jacksonville
News Summary A partnership between Housing Trust Group LLC and Cathedral District Jacksonville has revealed plans for a mixed-income apartment community in downtown Jacksonville. The proposal includes 85 units, with...
Jacksonville Orthopaedic Institute Announces Major Changes
News Summary The Jacksonville Orthopaedic Institute (JOI) will close seven locations and lay off over 150 employees by mid-June 2025 as part of a restructuring plan. This unexpected decision impacts...
Jacksonville’s Record Financial Commitment of $74.1 Million
News Summary Jacksonville is facing a significant budget challenge as it prepares to allocate a record $74.1 million in economic development incentives for the next fiscal year. This financial commitment...
New Mormon Temple Set to Open in Jacksonville
News Summary Jacksonville, Florida is preparing for the construction of a new Temple of the Church of Jesus Christ of Latter-day Saints. The first construction permit was issued in March...
Jacksonville Grocery Stores Restructure Amid Layoffs
News Summary Southeastern Grocers, the parent company of Winn-Dixie and Harveys, has announced major layoffs as part of a significant restructuring plan affecting the Store Support Center in Jacksonville. While...
Partnership Aims to Revitalize Jacksonville’s Commercial Properties
News Summary A new partnership between Jacksonville and Pinnacle Financial Partners aims to provide essential support to commercial property owners, particularly in Northwest Jacksonville. This initiative focuses on short-term financing...
Jacksonville Orthopaedic Institute Announces Layoffs
News Summary Jacksonville Orthopaedic Institute Inc. (JOI) has announced significant layoffs affecting 153 employees as part of a restructuring plan. This decision is set to have a substantial impact on...
Jacksonville Orthopaedic Institute Announces Major Changes
News Summary The Jacksonville Orthopaedic Institute (JOI) is set to close six rehab locations, resulting in over 100 employee layoffs as part of a restructuring effort following a buyback agreement....
Fidelity National Financial’s Stock Soars in Jacksonville
News Summary Fidelity National Financial Inc. has seen a remarkable stock increase of 16%, diverging from a generally declining market. Analysts predict continued growth due to improved housing outlooks, positioning...
Finance
Jacksonville’s Record Financial Commitment of $74.1 Million
News Summary Jacksonville is facing a significant budget challenge as it prepares to allocate a record $74.1 million in economic development incentives for the next fiscal year. This financial commitment...
Partnership Aims to Revitalize Jacksonville’s Commercial Properties
News Summary A new partnership between Jacksonville and Pinnacle Financial Partners aims to provide essential support to commercial property owners, particularly in Northwest Jacksonville. This initiative focuses on short-term financing...
Fidelity National Financial’s Stock Soars in Jacksonville
News Summary Fidelity National Financial Inc. has seen a remarkable stock increase of 16%, diverging from a generally declining market. Analysts predict continued growth due to improved housing outlooks, positioning...
Jacksonville Residents Brace for Potential Utility Rate Hikes
News Summary Jacksonville is facing potential utility rate hikes as the JEA Board of Directors meets to vote on proposed increases to electricity, water, and wastewater rates. If approved, the...
Clearlake Capital Group Acquires Dun & Bradstreet for $7.7 Billion
News Summary In a major move for Santa Monica, Clearlake Capital Group L.P. has announced their plans to acquire Dun & Bradstreet Holdings Inc. in a deal valued at $7.7...
Jacksonville Faces Job Cuts as Major Companies Announce Layoffs
News Summary Jacksonville is facing significant job cuts as Wells Fargo and GuideWell announce layoffs affecting employees in the area. Wells Fargo will cut 90 jobs while GuideWell plans a...
Jacksonville Residents Celebrate Drop in Cost of Living
News Summary A recent study indicates that the cost of living in Jacksonville has decreased below pre-COVID levels, providing relief to residents amid rising prices. The annual total cost of...
Jacksonville Launches Initiative to Support Small Businesses
News Summary The JAX Chamber has unveiled an Access to Capital initiative aimed at bolstering the financial support landscape for small businesses in Jacksonville. This initiative, part of the JAX...
Major Layoffs Hit Wells Fargo in Jacksonville
News Summary Wells Fargo has announced a significant workforce reduction in Jacksonville, laying off 90 employees as part of changes in its Global Payments and Liquidity business unit. The layoffs...
CONSTRUCTION
New Mormon Temple Set to Open in Jacksonville
News Summary Jacksonville, Florida is preparing for the construction of a new Temple of the Church of Jesus Christ of Latter-day Saints. The first construction permit was issued in March...
Jacksonville Expands with New Amazon Warehouse Facility
News Summary Amazon is set to open a new 260,970 square foot warehouse in Jacksonville, bringing faster delivery services and job opportunities to the local community. This marks the company’s...
Downtown Jacksonville’s Gateway Jax Development Begins
News Summary The Gateway Jax development is set to transform downtown Jacksonville, starting with Block N11, which will feature 205 apartments and retail space. With a $2 billion investment over...
Gateway Jax Development Begins in Downtown Jacksonville
News Summary Construction has commenced on the Gateway Jax development project in Downtown Jacksonville, set to invest over $2 billion in revitalizing more than 30 acres. Led by Bryan Moll,...
EMCOR Group to Acquire Miller Electric Company
News Summary EMCOR Group is set to acquire Miller Electric Company for $865 million, enhancing its position in the electrical contracting industry. With Miller Electric’s rich legacy and expertise in...
Walmart Supercenter and Gas Station Coming to Jacksonville
News Summary Walmart is set to open a new supercenter and gas station in southwest Jacksonville, creating a new shopping hub. The project includes a liquor store, parking space for...
Jacksonville Surf Park Gains Final City Council Approval
News Summary The Jacksonville Surf Park has received final approval from the City Council, allowing construction to start in 2026. This new surf park, located on a 55.27-acre site at...
Jacksonville City Council Approves 1,435 Multifamily Units
News Summary The Jacksonville City Council unanimously approved the development of 1,435 multifamily units at Prominence Office Park, addressing the city’s housing demands. This significant resolution, passed on February 25,...
Major Industrial Development Planned in Jacksonville
News Summary Jacksonville is set to welcome a new industrial space development by Becknell Industrial, aiming to build 1.2 million square feet at Westlake Industrial Park. This significant project is...
Marketing
Jacksonville Transportation Authority Welcomes New Leader
News Summary The Jacksonville Transportation Authority (JTA) has appointed Andrew C. Rodgers as its new Vice President – Chief Infrastructure Officer. With extensive experience in the region, Rodgers will oversee...
Jacksonville International Airport Expands Flight Offerings
News Summary Jacksonville International Airport (JIA) is expanding its flight offerings to meet growing passenger demand. This includes new domestic destinations such as Kansas City, as well as international routes...
Real Estate
New Housing Development Proposed in Downtown Jacksonville
News Summary A partnership between Housing Trust Group LLC and Cathedral District Jacksonville has revealed plans for a mixed-income apartment community in downtown Jacksonville. The proposal includes 85 units, with...
Jacksonville’s Record Financial Commitment of $74.1 Million
News Summary Jacksonville is facing a significant budget challenge as it prepares to allocate a record $74.1 million in economic development incentives for the next fiscal year. This financial commitment...
Partnership Aims to Revitalize Jacksonville’s Commercial Properties
News Summary A new partnership between Jacksonville and Pinnacle Financial Partners aims to provide essential support to commercial property owners, particularly in Northwest Jacksonville. This initiative focuses on short-term financing...
Fidelity National Financial’s Stock Soars in Jacksonville
News Summary Fidelity National Financial Inc. has seen a remarkable stock increase of 16%, diverging from a generally declining market. Analysts predict continued growth due to improved housing outlooks, positioning...
Warehouse Expansion Planned for Jacksonville
News Summary Jacksonville is set for a major warehouse expansion, with Rooker planning to develop over 400,000 square feet of Class A warehouse space. The project will utilize 89 acres...
Jacksonville Faces Job Cuts as Major Companies Announce Layoffs
News Summary Jacksonville is facing significant job cuts as Wells Fargo and GuideWell announce layoffs affecting employees in the area. Wells Fargo will cut 90 jobs while GuideWell plans a...
Jacksonville Community Land Trust Secures Grant for Housing
News Summary The Jacksonville Community Land Trust (JCLT) has received a $6,000 grant from the American Land Title Association to promote affordable housing for low- and moderate-income families. This funding...
Jacksonville’s Downtown Transformation Welcomes New Residents
News Summary Jacksonville is undergoing a remarkable transformation, with plans to welcome 10,000 new residents to its downtown area. Currently, 7,653 people reside in this vibrant urban hub, which is...
The Rich History of Jacksonville’s Handy Dandy
News Summary Discover the intriguing tale of the Handy Dandy, a historic building in Jacksonville that transitioned from a bustling store in 1925 to a charming bed and breakfast. With...
