Business Irish

Friday 15 December 2017

Delegation from Sunshine State moves to deepen links with Ireland

Jacksonvile has emerged as a key fintech and banking centre
Jacksonvile has emerged as a key fintech and banking centre

Simon Rowe

Florida's equivalent to the IDA is sending a high-powered business delegation to Dublin next Monday in a bid to attract Irish firms to the region.

The JaxUSA Partnership, based in Jacksonville, Florida, is hosting a business breakfast and presentation on September 26 in the Shelbourne Hotel.

Jacksonville's low tax rate, affordable housing, competitively priced commercial property and Sunshine State status, has helped it emerge as a banking and finance hub alternative to centres such as New York and London.

Jacksonville has gained more than 4,000 jobs from companies such as Macquarie, Deutsche Bank and Ernst & Young in recent years, demonstrating the city's growing financial services sector.

JaxUSA Partnership, the regional economic development organisation serving Jacksonville and the seven counties of northeastern Florida, is sending an eight-person delegation here to "explore fintech, aviation, and health-tech" opportunities.

The Florida delegation will include representatives from Bank of America, Deutsche Bank, the Jacksonville Office of Economic Development, and the Jacksonville Port Authority.

Jacksonville is known as 'America's Logistics Center' with direct access to rail, air and port links. Its location also offers benefits in terms of staff retention as the state enjoys an average of 220 days of sunshine.

"Jacksonville's emergence as a growing connectivity point and data centre presence should increase colocation demand locally and regionally, creating new tech jobs," said a spokesman for JaxUSA Partnership.

The city was recently ranked no 2 for Tech Job Growth in the US by 'Forbes'. "Jacksonville is also hugely attractive to international firms because of the lack of bureaucratic red tape.

"Companies can complete projects quickly due to the area's consolidated government and streamlined permit process," he said.

Irish Independent

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