October 21, 2020
Thursday, October 31, 2013
Regional HQ expansion will create at least 200 jobs; $13 million in capital investment
Jacksonville, FL (October 31, 2013) – Governor Rick Scott today announced that Bank of America will expand their regional headquarters in Jacksonville, which will create at least 200 new jobs by December 2015. Bank of America plans to expand operations at its two Southside Jacksonville campuses to accommodate multiple Bank of America and Merrill Lynch lines of business, which will include a capital investment of around $13 million.
Governor Scott said, “Bank of America’s expansion in Jacksonville will create at least 200 more job opportunities for Florida families. Their expansion is also a great example of Florida’s pro-business climate. To make Florida an even better place for families and businesses, we are planning to cut $500 million in taxes and fees for Florida families in this year’s proposed budget. We are proud to say Bank of America is creating more jobs in Jacksonville. It’s working.”
Bank of America is one of the world’s largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company serves approximately 51 million consumer and small business relationships with approximately 5,300 retail banking offices and approximately 16,350 ATMs and award-winning online banking with 30 million active users and more than 13 million mobile users.
Nearly 90 percent of Florida’s gross economic output is generated in the service sector. Florida’s Financial and Professional Services companies employ some 850,000 workers at locations around the state.
“The expansion of Bank of America is great news for the Jacksonville area,” said Secretary of Commerce and president & CEO of Enterprise Florida Gray Swoope. “Florida is becoming a great place to live because of our economic growth and we work hard to provide the necessary resources for these businesses to thrive. Bank of America is an excellent addition to our financial industry and we look forward to more of their successes in our state.”
The project was made possible because of the partnerships at the state and local levels. Along with Enterprise Florida, Inc., JAXUSA Partnership, Workforce Florida and the Department of Economic Opportunity worked with Bank of America to make this move possible.
“Bank of America is one of Jacksonville’s top financial services employers with a long track record of success,” said JAXUSA Partnership President Jerry Mallot. “The bank’s latest expansion plans demonstrate the depth and quality of financial services talent that can be found in our market.”
“Workforce Florida applauds the Florida expansion of Bank of America and is proud to be part of the economic and workforce development team supporting this company’s success,” said Workforce Florida President/CEO Chris Hart IV. “The financial sector continues to be a strong job creator for Florida, and our state workforce system is committed to connecting our talented workforce with these high-skill, high-wage opportunities.”
“The expansion of Bank of America in Florida is a testament to Florida’s competitiveness. Bank of America’s investment in Florida means at least 200 new jobs for our state and continues to build on our strong record of job creation. We are grateful for their expansion and are glad they can see the potential Florida has for their business,” said Florida Department of Economic Opportunity Executive Director Jesse Panuccio.