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JAXUSA 2017 Perspective: A Year in Review

January 17th, 2018 · Leave a Comment

The Northeast Florida region experienced phenomenal growth with more than 5,000 new jobs and $633 million in private capital investment directly tied to the work of JAXUSA Partnership as seen in the 2017 Annual Report.

The memorable performance in 2017 was dominated by Amazon, who continued its investment in Northeast Florida building three additional facilities. The four centers combined added more than 4,000 new jobs with an additional 1,000 expected by the end of this year.

Companies like Formativ Health, Genpact and Kamara Stone all established roots in our region as Georgia-Pacific, Availity and Macquarie expanded their already successful operations.

The region has experienced the highest occupancy rate for office and industrial space in a long time due to the growth and sustainability of business. While new construction is beginning to take shape throughout our region, the need remains for more available buildings for future prospects.

The region continues at full employment with a more than 96 percent employment rate is ranked as one of the most desirable places to live and build a career according to Forbes, Money and TIME, just to name a few.

JAXUSA Partnership is energized by the launch of Elevate Northeast Florida, its strategic plan through 2023. Its previous plan – Innovate Northeast Florida – focused on spurring job growth. The next strategic iteration will provide the community the tools to further enhance the region’s economic growth and brand. Officials at JAXUSA Partnership foresee more international company investment and continued local business and talent growth.

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