Jacksonville Florida, located on the St. Johns River and the Atlantic Ocean. reports that these waters have been important in the growth of the city and its industries. Jacksonville Florida has the largest deep-water port in the South. Jacksonville, a leading port in the U.S. for automobile imports, is a leading transportation and distribution hub in the state. The strength of the Jacksonville, Florida economy lies in its broad diversification that includes nonprofit organizations. The Jacksonville economy has distribution networks, financial services, biomedical technology, consumer goods, information services, manufacturing, insurance and other industries.
Jacksonville Florida is a rail, air, port and highway transportation hub. Jacksonville also has ship repair yards and extensive freight-handling facilities. Lumber, phosphate, paper, cigars and wood pulp are the principal exports; automobiles and coffee are among imports. The city’s manufacturing base provides just 4.5% of local jobs, versus 8.5% nationally. According to Forbes in 2007, Jacksonville Florida ranked 3rd in the top ten U.S. cities for people to relocate to and find a job. In 2007, Jacksonville was also the 10th fastest growing city in the U.S.
Jacksonville Business
Jacksonville Florida is home to many prominent corporations, nonprofits organizations including the headquarters of four Fortune 500 companies: CSX Corporation, Fidelity National Financial, Fidelity National Information Services and BI-LO (United States) including its subsidiary Winn-Dixie Stores, Inc. In addition to CSX, the Florida East Coast Railway and the large short line railroad’s holding company RailAmerica, are based in Jacksonville.
In 2008, Jacksonville had approximately 2.8 million visitors who stayed overnight, spending nearly $1 billion on the local economy. Research Data Services of Tampa commissioned a study to undertake which quantified the importance of tourism. In view of the study, the total economic impact of tourism reported by Jacksonville totaled $1.6 billion. Hence, Jacksonville supported nearly 43,000 jobs, 10% of the local workforce.
To emphasize the city’s transportation business and capabilities, the Jacksonville Regional Chamber of Commerce filed Jacksonville America’s Logistics Center as a trademark on November 9, 2007, and formally registered the trademark on August 4, 2009. In view of this, Cornerstone began promoting the city as “Jacksonville: America’s Logistics Center” in 2009 with signs added on Interstate 95.
The Kings Bay Naval Submarine Base located in Jacksonville is the third largest naval presence in the country. Norfolk, Virginia and San Diego, California are bigger. Therefore, the military is by far the largest employer in Jacksonville. Its total economic impact is approximately $6.1 billion annually.
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