Dun & Bradstreet Holdings, a leading global provider of business decisioning data and analytics, has announced plans to open a new office in Jacksonville and designate the location as its corporate headquarters.

The move will create 500 new jobs over the next five years and generate $75 million in capital investment.

State incentives were approved this week and an economic development package is expected to be introduced to the Jacksonville City Council in two weeks. As a result of the company’s significant investment, Dun & Bradstreet will qualify for $21 million in city incentives and $4 million from the state High-Impact Performance Incentive (HIPI).

The addition of Jacksonville advances Dun & Bradstreet’s global strategy to bring together the best talent from around the world to drive innovation and deliver solutions that meet the needs of its clients, partners and stakeholders.