While the media revels in bad news ("bad news is good news")there is secretely a current of growth going on in Jacksonville...Florida!
Deutsche Bank, the largest financial services firm in Germany and one of the largest in the world, is considering establishing an operations hub in Jacksonville that would create operations and technology jobs that support Deutsche Bank’s corporate, investment banking and asset and wealth management businesses.
With the proposed new hub, Deutsche Bank plans to create 1,000 new, full-time jobs by Dec. 31, 2011. The high-skill jobs will pay an annual average wage estimated at $49,200 plus benefits, or more than 115 percent of the statewide average wage, for an estimated annual payroll of $49.2 million.
James Bailey, owner publisher of Bailey Publishing in Jacksonville, recently summarized many new projects underway in Jacksonville:
1. OSK Mitsui is planning to use JAXPORT, TRAPAC container terminal which could create up to 6,000 new jobs and raise the volume through TRAPAC to over 800,000 containers a year.
2. Hanjin Shipping is going to build a new container terminal that will handle another 800,000 containers. This opens new shipping lines between the Far East, the US and Europe which may stimulate even more growth.
3. Alenia North America is going to build a final assembly and delivery center for the C27j Spartan cargo plane at Cecil Commerce Center. This will add another 300 new jobs and capital investments approaching $100 million.
So, what can we say about Jacksonville, "Jacksonville Rocks" and is continuing to rock.
If one were to drive around JIA, one would see gigantic new cargo warehouses, shopping centers, ingress and egress highways, telecommunications and other structures and infrastructures underway.
"Stiff upper lip old chap", Jacksonville may just come out of this mess better than the rest.
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