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==Economy== {{Further|List of companies based in the Jacksonville area}} [[File:CSXJAX15.JPG|thumb|right|[[CSX Transportation Building]] serves as headquarters for [[CSX Corporation]].]] Jacksonville's location on the [[St. Johns River]] and the Atlantic Ocean proved instrumental to the growth of the city and its industry. Jacksonville has a sizable deepwater port, which helps make it a leading port in the U.S. for [[automobile]] imports, as well as the leading transportation and [[Distribution (business)|distribution]] hub in the state. The strength of the city's economy lies in its broad diversification. While the area once had many thriving dairies, such as [[Gustafson's Farm]] and [[Skinner Dairy]], this aspect of the economy has declined over time. The area's economy is balanced among [[Distribution (business)|distribution]], [[financial services]], [[biomedical technology]], [[consumer goods]], information services, manufacturing, insurance, and other industries. Jacksonville is home to the headquarters of four [[Fortune 500]] companies: [[CSX Corporation]], [[Fidelity National Financial]], [[Fidelity National Information Services]] and [[Southeastern Grocers]].<ref>{{cite news |url= https://money.cnn.com/magazines/fortune/fortune500/2011/states/FL.html |title= Fortune 500: Florida|work= CNN Money |access-date=October 25, 2011}}</ref> [[Interline Brands]] is based in Jacksonville and is owned by [[The Home Depot]].<ref>{{cite news|last1=Bray|first1=Chad|title=Home Depot to Buy Interline Brands for $1.6 Billion in Cash|url=https://www.nytimes.com/2015/07/23/business/dealbook/home-depot-to-buy-interline-brands-for-1-6-billion-in-cash.html?_r=0|access-date=July 22, 2015|newspaper=New York Times|date=July 22, 2015}}</ref> Other notable companies based in Jacksonville or with a large presence include [[Florida Blue]], [[Swisher International Group]], [[BOA Merrill Lynch]], [[Fanatics (sports retailer)|Fanatics]], [[Crowley Maritime]], [[Web.com]], [[Firehouse Subs]] and [[Deutsche Bank]]. [[Naval Air Station Jacksonville]], SW of downtown, employs more than 25,000 people. ===Tourism=== In 2008, Jacksonville had 2.8 million visitors who stayed overnight, spending nearly $1 billion. A study by Research Data Services of Tampa quantified the importance of tourism. The total economic impact was $1.6 billion and supported nearly 43,000 jobs, 10% of the local workforce.<ref>{{Cite web|url=https://www.jacksonville.com/story/business/2009/05/12/city-visitors-left-1-billion-here-in-08/15986103007/|title=City visitors left $1 billion here in '08|website=The Florida Times-Union}}</ref> ''Visit Jacksonville'' is the official marketing organization for tourism in Duval County. Their report on FY2024 showed that the city had more than 8 million visitors who spent in excess of $4 billion. A majority visited relatives and/or friends, and 4 out of 5 expected to return. Just under half paid for their accommodations with a significant percentage coming from Florida, including Orlando and Tampa, or Atlanta and New York.<ref name="NJ" /> Visitor spending had almost a $7.4 billion impact on the economy of Jacksonville, supporting approximately 57,000 area jobs and $2.8 billion in wages. The visitor's contribution to local taxes saved every Jacksonville household about $540 from their tax bill. Officials expect that new attractions, such as the $1.4 billion "Stadium of the Future" will increase those numbers.<ref name=NJ>{{cite web |last1=Miller |first1=Kiley |title=Report: More than 8 million people visited Jacksonville in 2024, contributing billions of dollars|url=https://www.msn.com/en-us/travel/news/report-more-than-8-million-people-visited-jacksonville-in-2024-contributing-billions-of-dollars/ar-AA1Augy6?ocid=msedgdhp&pc=ENTPSP&cvid=ce4da8fe785a4879a7b1036742b2604e&ei=25 |website=msn.com |publisher=Action News Jax |access-date=8 March 2025}}</ref> ===Banking and financial services=== [[File:Jax Brooklyn 23.jpg|thumb|right|380px|From left to right: The headquarters of [[FIS (company)|FIS]], [[Black Knight, Inc.]], [[Fidelity National Financial]], Cowford Wealth Management Group of [[Raymond James]], and [[EverBank]] in [[Brooklyn (Jacksonville)|Brooklyn]].]] Jacksonville has long had a regional legacy in banking and finance. Locally headquartered [[Atlantic National Bank]], [[Florida National Bank]] and [[Barnett Bank]] dominated the industry in Florida from the turn of the 20th century through the 1980s, before all being acquired in a national wave of mergers and acquisitions throughout the entire financial sector. Acquired by [[NationsBank]] in 1997, Barnett Bank was the last of these banks to succumb to acquisition, and at the time was the largest banking merger in U.S. history.<ref>{{cite web|title=Jacksonville.com: Barnett-NationsBank: Largest banking merger in U.S. history 8/29/97|url=http://jacksonville.com/tu-online/stories/083097/2a1Barne.html#.WELfQDbru00|website=Jacksonville.com|publisher=The Florida Time-Union|access-date=December 3, 2016}}</ref> The city still holds distinction nationally and internationally, boasting two Fortune 500 financial services companies, [[Fidelity National Financial]] and [[FIS (company)|FIS]], FIS being well recognized as a global leader in [[financial technology]].<ref>{{cite news|title=Jacksonville companies move up on Fortune 500 list|url=http://www.bizjournals.com/jacksonville/news/2016/06/06/jacksonville-companies-move-up-on-fortune-500-list.html|newspaper=Jacksonville Business Journal|access-date=December 3, 2016}}</ref> Headquartered on the banks of the St. Johns River in [[Downtown Jacksonville]], [[EverBank]] holds the title of largest bank in the state by deposits.<ref>{{cite news|title=TIAA Said to Be in Talks to Buy EverBank for Online Lending|newspaper=Bloomberg.com|date=August 3, 2016|url=https://www.bloomberg.com/news/articles/2016-08-03/tiaa-said-to-be-in-talks-to-buy-everbank-for-online-expansion|publisher=Bloomberg|access-date=December 3, 2016}}</ref> The city is home to other notable financial services institutions including [[Ameris Bancorp]], [[Atlantic Coast Financial]], [[Black Knight Financial Services]], [[MedMal Direct Insurance Company]], US Assure, Jax Federal Credit Union, and [[VyStar Credit Union]]. The city is also home to the [[Federal Reserve Bank of Atlanta Jacksonville Branch|Jacksonville Branch]] of the [[Federal Reserve Bank of Atlanta]].<ref>{{cite web|last1=Lockhart|first1=Dennis|title=Federal Reserve Bank Presidents|url=https://www.federalreserve.gov/aboutthefed/bios/banks/pres06.htm|website=federalreserve.gov|publisher=Board of Governors of the Federal Reserve System|access-date=December 3, 2016|archive-date=December 8, 2016|archive-url=https://web.archive.org/web/20161208013722/https://www.federalreserve.gov/aboutthefed/bios/banks/pres06.htm|url-status=dead}}</ref> Jacksonville's [[financial sector]] has benefited from a rapidly changing business culture, as have other [[Sunbelt]] cities such as [[Atlanta]], [[Tampa]], and [[Charlotte, North Carolina|Charlotte]]. In a concept known as [[nearshoring]], financial institutions are shifting operations away from high-cost addresses such as [[Wall Street]], and have shifted some trading functions to Jacksonville.<ref>{{cite news|last1=Levin|first1=Jonathan|title=Wall Street Is Hiring ... in Florida |url=https://www.bloomberg.com/news/articles/2017-01-25/wall-street-is-hiring-in-florida|website=Bloomberg.com|date=January 25, 2017|publisher=Bloomberg|access-date=January 25, 2017}}</ref> With relatively low-cost real estate, easy access by planes to New York City, high quality of life, and 19,000 financial sector employees, Jacksonville has become an option for relocating staff.<ref>{{cite news|last1=Gray|first1=Alistair|title=Move over NY β here comes Jacksonville |url=https://www.ft.com/content/e1ece4fa-17ac-11e6-bb7d-ee563a5a1cc1 |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/e1ece4fa-17ac-11e6-bb7d-ee563a5a1cc1 |archive-date=December 10, 2022|url-access=subscription|newspaper=Financial Times|date=May 15, 2016|access-date=December 3, 2016}}</ref> [[Deutsche Bank]]'s growth in the city is an example of such change. Jacksonville is the site of Deutsche Bank's second largest U.S. operation; only New York City is larger. They also are an example of a business that has moved operations to the suburbs.<ref>{{cite web|last1=Pantazi|first1=Andrew|title=Shift in Jacksonville's financial industry also a shift away from downtown|url=http://jacksonville.com/news/metro/2016-06-05/story/new-york-too-expensive-so-jacksonville-steps-draw-high-paying-finance|website=Jacksonville.com|publisher=The Florida Times-Union|access-date=December 3, 2016}}</ref> Other institutions with a notable presence in Jacksonville include [[Macquarie Group]], [[Bank of America]], [[Wells Fargo]], [[JPMorgan Chase]], [[Citi]], [[Citizens Property Insurance]], [[Fidelity Investments]], [[Ally Financial]] and [[Aetna]].<ref>{{cite web|last1=Pantazi|first1=Andrew|title=Jacksonville Area Employers|url=http://jaxusa.org/images/uploads/resources/Jacksonville_Large_Area_Employers.pdf|website=jaxusa.org|publisher=JAXUSA Partnership|access-date=December 3, 2016}}{{dead link|date=March 2018 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> ===Logistics=== [[File:CMA CGM Virginia - IMO 9351139 (3194444689).jpg|thumb|right|[[Container ship]] at the [[Port of Jacksonville]]]] Jacksonville is a rail, air, and highway focal point and a busy port of entry, with [[Jacksonville International Airport]], ship repair [[shipyard|yards]] and extensive freight-handling facilities. [[Lumber]], [[phosphate]], paper, cigars and [[Pulp (paper)|wood pulp]] are the principal exports; [[automobiles]] and coffee are among imports. The city's manufacturing base provides 4.5% of local jobs, versus 8.5% nationally.<ref>{{cite news |url= http://jacksonville.com/news/metro/2012-05-08/story/jacksonville-finishes-near-last-manufacturing-study |title= Jacksonville finishes near last in manufacturing study|author= Bauerlein, David|date= May 8, 2007|newspaper= Florida Times-Union |access-date=May 9, 2012}}</ref> According to ''[[Forbes]]'' magazine in 2007, Jacksonville ranked third among the top ten U.S. cities as destinations for jobs.<ref>{{cite magazine| url = https://www.forbes.com/careers/2007/02/15/best-cities-jobs-leadership-careers_cx_hc_0216cityjobs_table.html| title = Table: Best Cities for Jobs| magazine = Forbes.com| date = February 16, 2007| access-date = December 20, 2007| last = Clark| first = Hannah|archive-url=https://web.archive.org/web/20070226094105/http://www.forbes.com/careers/2007/02/15/best-cities-jobs-leadership-careers_cx_hc_0216cityjobs_table.html|archive-date=February 26, 2007}}</ref> Jacksonville was ranked as the tenth-fastest growing city in the U.S.<ref>{{cite magazine| url = https://www.forbes.com/2007/10/31/property-cities-growth-forbeslife-cx_mw_1031realestate_slide_11.html| title = In Pictures: America's Fastest-Growing Cities| magazine = Forbes.com| date = October 31, 2007| access-date = December 20, 2007| last = Woolsey| first = Matt}}</ref> 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. It was formally registered on August 4, 2009.<ref>[http://business.zibb.com/trademark/jacksonville+america's+logistics+center/30464892 "Jacksonville America's Logistics Center"] {{webarchive|url=https://web.archive.org/web/20140702215644/http://business.zibb.com/trademark/jacksonville%20america%27s%20logistics%20center/30464892 |date=July 2, 2014 }} ZIBB Business News</ref> Cornerstone began promoting the city as "Jacksonville: America's Logistics Center" in 2009. Signs were added to the existing city limit markers on Interstate 95.<ref>Bauerlein, David: [http://jacksonville.com/business/2009-04-22/story/new_signs_help_tout_duval_county "New signs help tout Duval County"], ''Florida Times-Union,'' April 21, 2009</ref> The [[Port of Jacksonville]], a [[seaport]] on the [[St. Johns River]], is a large component of the local economy. Approximately 50,000 jobs in Northeast Florida are related to port activity and the port has an economic impact of $2.7 billion in Northeast Florida:<ref>{{cite web|url=http://bouchard4b.pbwiki.com/About%20Jaxport |title=Bouchard4B website: Things I didn't know about Jaxport |publisher=Bouchard4b.pbwiki.com |date=September 25, 2007 |access-date=July 1, 2010}}</ref> The three maritime shippers who ship to [[Puerto Rico]] are all headquartered in Jacksonville: [[TOTE Maritime]], [[Crowley Maritime]], and [[Trailer Bridge]]. [[Cecil Commerce Center]] is on the site of the former Naval Air Station Cecil Field, which closed in 1999 following the 1993 [[Base Realignment and Closure]] (BRAC) decision. Covering a total area of {{convert|22939|acre|km2}}, it was the largest military base in the Jacksonville area. The parcel contains more than 3% of the total land area in Duval County ({{convert|17000|acre|km2}}). The industrial and commercial-zoned center offers mid to large-size parcels for development; it has excellent transportation and utility infrastructure, including the third-longest runway in Florida. ===Media and technology=== {{Main|Media in Jacksonville, Florida}} ''[[The Florida Times-Union]]'' is the major daily broadsheet newspaper in the State of Florida, headquartered in Jacksonville. Jacksonville.com is its official website. The ''[[Jacksonville Daily Record]]'' is also a daily broadsheet newspaper specialized for the business and legal communities. Weekly papers include the ''[[Jacksonville Business Journal]]'', an [[American City Business Journals]] publication focused on business news, ''[[Folio Weekly]]'', the city's chief [[alternative weekly]], and ''[[The Florida Star]]'' and the ''[[Jacksonville Free Press]]'', two weeklies catering to African Americans. ''Jax4Kids'', a monthly newspaper, caters to parents.<ref>{{cite web|url=http://www.Jax4Kids.com/|title=Jax4Kids.com|website=www.jax4kids.com}}</ref> ''[[EU Jacksonville]]'' is a monthly entertainment magazine. ''The Coastal'' is also a local magazine that is only online that also publishes a quarterly paper edition.<ref>{{Cite web|url=https://thecoastal.com/about/|title=About The Coastal - Magazine in Jacksonville, FL and Northern St. Johns|website=The Coastal}}</ref> When it comes to broadcast media, as of 2023, Jacksonville was considered the 47th-largest local television market in the United States.<ref>{{cite web|title=Local Television Market Universe Estimates, January 1, 2023|url=https://www.nab.org/documents/resources/2022-2023DMARANKS.xlsx|work=Nielsen Media Research}} </ref> Despite its large population, Jacksonville has always been a small-to-medium-sized market because of population trends towards suburban and once-traditionally rural areas around Duval County, Florida. They are served by television stations affiliated with major American networks including but not limited to: [[WTLV]] 12 ([[NBC]]) and its sister station [[WJXX]] 25 ([[American Broadcasting Company|ABC]]), [[WJAX-TV]] 47 ([[CBS]]) and [[WFOX-TV]] 30 ([[Fox Broadcasting Company|Fox]]; with [[MyNetworkTV]]/[[MeTV]] on DT2), which operates WJAX-TV under a [[Local marketing agreement|joint sales and shared services agreement]], [[WJCT (TV)|WJCT]] 7 ([[PBS]]), and [[WCWJ]] 17 ([[The CW|CW]]). [[WJXT]] 4, [[WCWJ]]'s sister station, is a former longtime [[CBS]] affiliate that turned independent in 2002. Jacksonville is also considered, after 2017, the 46th-largest local radio market in the U.S.<ref>[https://ratings.radio-online.com/cgi-bin/rol.exe/arb_menu_001 Nielsen Audio Ratings] Retrieved May 10, 2019.</ref> and is also dominated by two of the largest media groups in the United States that also dominates the American radio industry, including the following: [[Cox Communications|Cox Radio]]<ref>{{cite web|url=http://coxradio.com/includes/stations/jacksonville.html |title=Cox Radio's Market Profile for Jacksonville, Florida |access-date=July 19, 2007 |url-status=dead |archive-url=https://web.archive.org/web/20070703212158/http://coxradio.com/includes/stations/jacksonville.html |archive-date=July 3, 2007 }}</ref> and [[iHeartMedia]].<ref>{{cite web|url=http://www.clearchannel.com/Radio/StationSearch.aspx?RadioSearch=Jacksonville |title=Clear Channel Radio Station List for Jacksonville, Florida |access-date=July 19, 2007 |url-status=dead |archive-url=https://web.archive.org/web/20070116115927/http://www.clearchannel.com/Radio/StationSearch.aspx?RadioSearch=jacksonville |archive-date=January 16, 2007 }}</ref> The dominant AM radio station in terms of ratings - or households to use an industry term tuning in, is [[WOKV (AM)|WOKV 690AM]], which is also the flagship station for the Jacksonville Jaguars.<ref>{{cite web|url=http://wokv.com/ads/index.html |title=Inside wokv.com |access-date=July 19, 2007 |url-status=dead |archive-url=https://web.archive.org/web/20070612204549/http://wokv.com/ads/index.html |archive-date=June 12, 2007 }}</ref> In May 2013, WOKV began simulcasting on 104.5 FM as WOKV FM. There are two [[Radio broadcasting|radio stations]] currently broadcasting, after 2017, primarily contemporary American (U.S. Based) Pop music, and they are the following: [[WAPE-FM|WAPE 95.1]] which has somewhat dominated this niche for over 20 years but had competition originally based out of Atlanta, Georgia and Los Angeles, California linked to Ryan Seacrest. And more recently has been challenged to a certain extent by [[WKSL]] 97.9 FM (KISS FM). For other popular genres of music, this would be [[WJBT]] 93.3 (The Beat) which is a mostly gangster-oriented [[hip hop music|Hip-Hop]]/[[rhythm and blues|R&B]] station and 96.9 The Eagle [[WJGL]] which is mostly a Classical or Hard Rock station, while its HD subchannel WJGL-HD2 operates an Urban CHR format under the moniker Power 106.1. [[WPLA (FM)|WPLA 107.3]] is its competitor specializing in Contemporary Rock music under the moniker "107.3 Planet Radio." And moreover, [[WEZI (FM)|WEZI 102.9]] is considered another competitor that specializes in Alternative R&B or Adult Contemporary that is often branded as "Easy 102.9" along with [[WEJZ|96.1 WEJZ]] branded as "96.1 WEJZ", [[WHJX|WHJX "Hot 106.5"]] specializing in urban adult contemporary, and WQIK 99.1 simply specializing in traditional [[country music|country]] or Americana as well as WGNE-FM 99.9, and [[WJCT-FM|WJCT]] 89.9 lastly being the local [[National Public Radio]] affiliate. Moreover, a Christian Contemporary alternative would be [[WJKV]] 90.9 FM that is also an [[Educational Media Foundation]] K-LOVE outlet. ===Military and defense=== [[File:US Navy 101207-N-6106P-001 Pilots assigned to the Vikings of Electronic Attack Squadron (VAQ) 129, based at Naval Air Station Whidbey Island, pract.jpg|thumb|right|[[Boeing F/A-18E/F Super Hornet]] at [[Naval Air Station Jacksonville]]]] Jacksonville is home to three U.S. naval facilities. Together with the nearby [[Naval Submarine Base Kings Bay]], Jacksonville is the third-largest naval complex in the country.<ref name="Port of Jacksonville"/> Only [[Norfolk, Virginia]] and San Diego, California are bigger. The United States military is the largest employer in Jacksonville and its total economic impact is approximately $6.1 billion annually. Several veterans' service organizations are also headquartered in Jacksonville, including [[Wounded Warrior Project]].<ref>{{Cite news|url=http://findarticles.com/p/articles/mi_gx5213/is_2005/ai_n19129622 |title=Bnet Business Network: Cities of the United States (2005)-Jacksonville: Economy |publisher=Findarticles.com |access-date=July 1, 2010 |year=2005 |url-status=dead |archive-url=https://web.archive.org/web/20111125194525/http://findarticles.com/p/articles/mi_gx5213/is_2005/ai_n19129622/ |archive-date=November 25, 2011 }}</ref> [[Naval Air Station Jacksonville]] is a military airport {{convert|4|mi|km|0}} south of the central business district. Approximately 23,000 civilian and active-duty personnel are employed on the base. There are 35 operational units/squadrons assigned there. Support facilities include an airfield for pilot training, and a maintenance depot capable of tasks ranging from changing a tire to intricate micro-electronics, or total engine disassembly. Also on-site is a Naval Hospital, a Fleet Industrial Supply Center, a Navy Family Service Center, and recreational facilities.<ref>{{cite web|title=History|url=https://www.cnic.navy.mil/Regions/cnrse/installations/nas_jacksonville/about/history/|website=cnic.navy.mil|publisher=US Navy|access-date=May 26, 2016|archive-date=July 7, 2016|archive-url=https://web.archive.org/web/20160707115029/http://www.cnic.navy.mil/regions/cnrse/installations/nas_jacksonville/about/history.html|url-status=live}}</ref> [[File:USS John F. Kennedy (CV-67) departs Naval Station Mayport on 11 November 2003.jpg|thumb|right|[[USS John F. Kennedy (CV-67)|USS ''John F. Kennedy'']] departing [[Naval Station Mayport]]]] [[Naval Station Mayport]] is a Navy Ship Base that is the third-largest fleet concentration area in the U.S. Mayport has a busy harbor capable of accommodating 34 ships, and an {{convert|8000|ft|m|adj=on}} runway capable of handling any aircraft used by the Department of Defense. Until 2007, it was home to the [[aircraft carrier]] {{USS|John F. Kennedy|CV-67|6}}, which locals called "Big John". In January 2009, the Navy committed to stationing a nuclear-powered carrier at Mayport when the official ''Record of Decision'' was signed. The port will require approximately $500 million in facility enhancements to support the larger vessel, which took several years to complete.<ref>{{cite web|last=Gibbons|first= Timothy J.|url= http://jacksonville.com/news/metro/2009-01-15/story/mayport_carrier_decision_made_official|website=jacksonville.com|date= January 15, 2009 |title= Mayport carrier decision made official}}</ref> The carrier was projected to arrive in 2019; however, an amphibious group was sent before the carrier.<ref>[http://jacksonville.com/news/metro/2012-02-13/story/no-carrier-mayport-near-future-if-all No carrier for Mayport in the near future, if at all], jacksonville.com. Retrieved on July 12, 2013.</ref> [[Blount Island Command]] is a Marine Corps Logistics Base whose mission is to support the Maritime Prepositioning Force (MPF). This provides for rapid deployment of personnel to link up with pre-positioned equipment and supplies embarked aboard forward-deployed Maritime Prepositioning Ships (MPS).<ref>{{cite news|last1=Gibbons|first1=Timothy|title=Blount Island takes on bigger role in Marine logistics|url=http://jacksonville.com/news/military/2010-03-30/story/blount-island-takes-bigger-role-marine-logistics|access-date=May 26, 2016|newspaper=The Florida Times-Union|date=March 30, 2010}}</ref> {{USS|Jacksonville|SSN-699|6}}, a [[Nuclear propulsion|nuclear-powered]] {{sclass|Los Angeles|submarine}}, is a U.S. Navy ship named for the city. The ship's nickname is ''The Bold One'' and [[Pearl Harbor]] is her home port. The [[125th Fighter Wing|Florida Air National Guard]] is based at [[Jacksonville International Airport]]. Coast Guard Sector Jacksonville is on the St. Johns River next to Naval Station Mayport. Sector Jacksonville controls operations from [[Kings Bay, Georgia]], south to [[Cape Canaveral, Florida|Cape Canaveral]]. CGC ''Kingfisher'', CGC ''Maria Bray'', and CGC ''Hammer'' are stationed at the Sector. Station Mayport is co-located with Sector Jacksonville and includes {{convert|25|ft|m|adj=on}} response boats, and {{convert|47|ft|m|adj=on}} motor lifeboats.
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