Also driving change downtown has been VyStar Credit Union’s relocation of their headquarters to downtown with more than 1,000 employees, where plans also include development of a new parking garage with retail frontage. And if this move weren’t enough, through the leadership of CEO Brian Wolfburg and his team at VyStar, they continue to support our downtown by providing the naming rights for the VyStar Veterans Memorial Arena. This accompanied their latest gesture issuing primary financing to the Jacksonville Historic Naval Ship Association, as their President attorney Daniel Bean and his colleagues continue to efforts to bring the USS Orleck to Jacksonville to establish our naval museum.
We are also seeing buildings change hands downtown. Developer Alex Sifakis of JWB Real Estate Capital is at the forefront with his recent acquisitions of the Seminole Building, Federal Reserve Bank building, the adjacent 218 West Church Street building and the Porter Mansion, all part of what has been branded the “North Core.” I’m bullish that change is happening because those investing in downtown are doing it with a vision. They understand how to build critical mass and that it takes those in the same sector to collaborate and work along with our government to develop viable projects.
SLEVIN: What else has contributed to Jacksonville recent successes beyond Downtown?
HICKS: Geographically, Jacksonville continues to be a premier logistics community where industrial growth is booming. With the leadership of JAXPORT CEO Eric Green, JAXPORT is making the physical improvements and investments into port operations and harbor deepening that will provide them the leverage necessary to be more competitive in their pursuit of growing our port traffic.
Jacksonville has experienced low vacancy rates in the industrial sector, and a testament to our region’s strategic advantage can be seen in transactions this year such as:
· Amazon’s now 9th facility identified
· Safari moving from Miami to Jacksonville’s Westside Industrial Park
· Lowes Companies new cross-dock terminal at Freebird Commerce Center
· Ulta Beauty Care taking space at NorthPoint
· Quiet Logistics also moving into NorthPoint
· Samsonite at Imeson Park
· FW Plastics relocation to Jacksonville
Jacksonville is poised for continued expansion in the industrial sector and developers are responding with recent activity in spec development.
Also contributing to our economic success is the demand for single- and multi-family housing. Business relocations help support this growth, but we are also seeing residents migrating from the Northeast and other parts of the country to Jacksonville as a result of the Covid pandemic. We are no longer a secret, as they are realizing our business-friendly environment and quality of life, and that we are surrounded by so many great natural resources such as our St. John’s River, beaches, parks, and hiking and biking trails just to name a few.
SLEVIN: While logistics, banking and insurance have been bedrock industries in Jax as you stated, what are some of the new growth opportunities you are seeing?
HICKS: Technology companies are thriving in Jacksonville. I couldn’t be more excited to see the young energetic ideas coming out of this community and the talent that we are recruiting to our city. We continue to see growth in our FinTech industry as innovation continues to change the delivery of financial services. Recent announcements of new and expanding businesses are a recurring theme. And with tech advancements, we are also seeing an influx of technologies that literally are changing the way we operate our businesses, the way we live and the way we move from place to place. We are seeing technology deployed through partnerships with our Jacksonville Transportation Authority such as the introduction of autonomous vehicles in what they have coined the U2C program; we are seeing it through Zillow’s expansion of services here such as “Zillow Offers,” where Jacksonville was identified as one of Zillow’s strategic markets nationally to deploy the service; and through the Jacksonville Sheriff’s Office’s partnership with Motorola Solutions, where they have created the “Real Time Crime Center” to act as a force multiplier in providing our law enforcement with additional tools to combat crime; and the list goes on.
SLEVIN: What are some of the challenging issues facing Jacksonville that could get in the way of future success?
HICKS: To be a great community we have to be honest with ourselves. We can beat our chests over things we are proud of, but like every community we can always do better. If we don’t call those issues out and begin to address them, then our success may be short-lived. We need to continue to invest in infrastructure in neglected areas of our community; we need to continue to work towards being a safer community where every voice believes they are heard and represented; we need to provide our law enforcement and public safety professionals who put their lives on the line every day with all of the resources they need to be effective and make it home to their families, a privilege we often take for granted; and we need as a community to invest in our kids, their education, and in the physical schools where they learn. Jacksonville residents have the opportunity this election cycle to approve a ballot initiative for funding that will give our kids the quality of schools they deserve, and where educators can have the tools they need to provide for a better education. We do this for our kids first and foremost, but for our city to be successful in recruiting new businesses and helping others expand here, we’ve got to understand how critical it is for those businesses to have confidence that their children will have the best learning environment and education possible. And we need to ensure that we are using sound judgement in the decisions and investments we make as a city.
SLEVIN: Thanks Deno, and if you had to sum it all up, give us the playbook?
HICKS: We need to celebrate the successes we have in this great city, recognize the gaps and lead with a plan that creates opportunities for all, protects our environment and supports the economic development necessary to stabilize a city on the rise.
To keep up to date with Deno’s take on the evolving Jacksonville region, visit www.DenoHicks.com
About Patrick Slevin
Patrick Slevin is public affairs consultant, speaker, and writer who heads SL7 Consulting. Patrick is a nationally recognized communications and stakeholder engagement consultant offering C-Suite leaders over 20 years of corporate, agency, government, political, and not-for-profit communications experience. www.SL7Consulting.com.