Cleveland New York Chicago Pittsburgh

Philadelphia Cincinnati St. Louis Kansas City Washington D.C.

Louisville Norfolk

Nashville Charlotte Little Rock

Atlanta Birmingham Charleston

Jackson

JACKSONVILLE New Orleans

Tampa

Miami NORTHEAST FLORIDA EMPLOYMENT by SECTOR

Construction Other Services 6% 4% Education & Health Services 15% Trade, Transportation & Utilities 21% 9%

Information 1%

Government 11% Professional & Business Services 15% Manufacturing Leisure & Hospitality 4% 12%

Source: Florida Department of Economic Opportunity, 2018 TARGET INDUSTRIES ADVANCED FINANCIAL HEALTH & ADVANCED TRANSPORTATION MANUFACTURING SERVICES BIOMEDICAL & LOGISTICS

• Aircraft & Aviation • Financial Services • Medical Devices • Intermodal Distribution Components Support / Back Office • Medical Research • Third-Party Logistics • Aerospace & Defense • Investment Banking / • Medical Tourism • Assembly, Maintenance & Repair Front Office Repackaging & • Clean Energy & Solar Kitting • Metal Products & Machinery

• Defense Technologies • FinTech / Financial • Healthcare IT • Smart Infrastructure Security Software • Autonomous Vehicles

INFORMATION TECHNOLOGY & INNOVATION Data Centers Software Data JAX FACTS

TEMPERATURE 875 SQUARE MILES AVERAGES* CONSOLIDATED Largest City in Land Mass in U.S. Summer City / County 90oF - 70oF Governments Winter 65oF - 42oF

26.5 MINUTE LARGEST Average Commute* U.S. Urban Park System

*2017 American Community Survey; Northeast Regional Climate Center 4,360 1,300 + AVIATION 1,100 2,300 950 850 LARGE EMPLOYERS 870

800 1,000 800 870

850 750 630 650 FORTUNE 700 570 500 425 1,500 650 500 300 600 400 390 400 250

500 500 450 450 230 180 250 125 100 350 280 300 1,100 100 100 70

250 80 50 8,000

6,700 4,500 3,900

2,600 10,500 6,000 2,250 2,000 1,500 3,600 3,500 5,720 2,400 1,300 1,200 1,000 1,700 1,040 2,000 1,600

400 1,000 900 850 1,500 1,300 500 800 500 650 540 350 1,000 725 450 400 300 450 400 700 290 250 80 290

225 400 RECENT ANNOUNCEMENTS 3,800 200 125 by INDUSTRY 260 80

250 80

200 75 500 120 70

54 650 50 50

450 300

200

250 185 180 175 500

250 300

150 170 107 200

80

125

300 50 20 major and investment services firms on the Forbes Global 500 list have operations in JAX No. of employees

BANK OF AMERICA MERRILL LYNCH – Banking and investments 8,000

FLORIDA BLUE – Health 7,000

CITI – Consumer finance 4,500

FIDELITY NATIONAL FINANCIAL/ FIS/ SERVICES 4,100 FINANCIAL – Title insurance and IT solutions JP MORGAN CHASE – Banking and mortgage 3,900

WELLS FARGO – Banking 3,500

SERVICES & DEUTSCHE – Global technology and operations center 2,250

TIAA BANK – Banking 2,000 INSURANCE AETNA – Health insurance 1,700 VYSTAR – Credit union 1,380 EMPLOYERS CITIZENS PROPERTY INSURANCE – Insurance 1,040 ALLY FINANCIAL – Auto finance 1,000

PRUDENTIAL FINANCIAL – Financial advisors 900

FIDELITY INVESTMENT – Investments 900

ALLSTATE – Insurance 800

CIT – Equipment finance and leasing 625

ERC – Collections and other business process outsourcing 600

PNC FINANCIAL SERVICES GROUP – Banking 540

ADT SECURITY SYSTEMS – Financial customer service center 500

U.S. BANK – Banking/Financial services 500

LENDERLIVE – Mortgage services 450

KEMPER – Insurance – division HQ 450 Established client service delivery center 500 ▪ EY established a client service delivery center EMPLOYEES at Flagler Center in 2016 ▪ Adding 450 roles to its US financial services TOTAL JAX consulting practice FOOTPRINT: ▪ Heavy focus on Anti-Money Laundering consulting services 80,000 SQ.FT. ▪ Primarily staffing operation with college graduates

“Jacksonville is a desirable corporate location, and the established financial services presence here makes the city a great fit for our newest client service delivery center.” Added client service delivery center

EVOLUTION in JAX -Shawn Smith, Partner, Southeast 2016 Financial Services Leader, EY 225 Australian Investment Bank EMPLOYEES

▪ Australian investment bank Macquarie Group TOTAL JAX selected for the location FOOTPRINT: of a nearshore finance operation in 2015 25,000 ▪ The company has since added shared service SQ.FT. functions ▪ Plans to continue expanding with other roles Macquarie undertook a robust search for a new location. The city of Jacksonville, its civic leadership and the business community could not have been more welcoming. The city presents a very compelling business case, Established office in JAX and we look forward to establishing a presence in EVOLUTION in JAX Jacksonville to further support the 2015 growth of Macquarie’s U.S. and European businesses. 2017 Added shared -Michael P. service function McLaughlin, US Country Head Investment Bank Regional Operating Center

▪ In 2006, Fidelity established its fifth US retail Customer Contact Center at Deerwood Park North 850 ▪ This operation is primarily focused on EMPLOYEES supporting the operations of Fidelity’s Personal Investing business unit ▪ Jacksonville customer contact associates TOTAL JAX handle 20 percent or more of Fidelity’s retail call FOOTPRINT: volume 160,000 SQ.FT.

Fidelity Investments opens JAX center EVOLUTION in JAX 2006 2015 Announced 300 additional roles 8,000 EMPLOYEES Banking and Investment Services TOTAL JAX ▪ One of the world’s largest financial institutions, FOOTPRINT: Bank of America Merrill Lynch has 8,000 employees in Jacksonville located on three 800,000 campuses throughout the city SQ.FT. ▪ Bank of America and Merrill Lynch both had extensive finance, IT and other operations in Jacksonville prior to the merger in 2009 1,100 EMPLOYEES Technology Provider to the Banking Industry TOTAL JAX ▪ Headquartered in downtown Jacksonville, FIS is FOOTPRINT: the world’s largest global provider dedicated to financial technology solutions. 200,000 ▪ FIS is a Fortune 500 company with more than SQ.FT. 42,000 people worldwide and holds leadership positions in payment processing and banking “The combination of solutions. Jacksonville’s business – and ▪ FIS acquired SunGard in 2015 and merged both family – friendly climate have

Jacksonville operations. been key success factors in

attracting top talent to the EVOLUTION in JAX company. It’s this talent that

FNF relocates enables us to empower the corporate HQ to FIS acquires JAX SunGard and adds 250 roles financial world and make a difference in the lives of 2003 2015 consumers touched by it.”

FNF 2006spins off FIS -Gary Norcross, President and CEO, FIS Global Largest U.S. Office Outside of Wall Street

REPRESENTED ROLES ▪ Global Markets ▪ Operations 2,000+ EMPLOYEES ▪ Corporate Finance ▪ Information Technology ▪ Asset Management ▪ Cyber Security ▪ Wealth Management ▪ Compliance TOTAL JAX FOOTPRINT: ▪ Finance ▪ Legal 350,000 SQ.FT. EVOLUTION in JAX

Established Second expansion global and tech with 300 new jobs. Opened new office operations with Began shift of jobs to support future 100 employees traditionally found on growth up to 2,800 Wall Street positions 2008 2013 2016 2015 First2012 expansion Third expansion with with 260 new jobs 350 new jobs across in tech, front office all business lines and finance functions TOP OFFICE EMPLOYERS 1. NORTHBANK Citizens Property Insurance 1,040 Community First Credit Union 300 CSX Corporation 1,500 TIAA 2,000 U.S. Bank 500 Wells Fargo 3,500 VyStar Credit Union 1,380

2. RIVERSIDE Black Knight Financial Services 2,400 Fidelity National Financial 500 FIS 1,300

3. SOUTHBANK Aetna 1,700 Interline 750 Macquarie 225 One Call Care Management 1,500 Prudential Insurance 900 1,000 Suddath 850 1 2 4. JTB CORRIDOR Acosta 400 3 Adecco 400 AT&T 2,600 Bank of America Merrill Lynch 8,000 CIT 600 Deutsche Bank 2,250 4 Fidelity Investments 850 Florida Blue 6,700 AllState 800 5 5. BAYMEADOWS Convergys 700 ERC 600 JPMorgan Chase 3,900 NGA Human Resources 450 LenderLive 450 Voya Financial 750

6. FLAGLER CENTER 6 Ally Financial 1,000 Citi 4,500 Kemper 450 Web.com 1,000

Last update: 3/2/18 RECENT RANKINGS

TOP 40 BEST PLACES for Business and Careers – Forbes

#2 Most Up-and-Coming City in America – Time

#2 CITY Best Cities for Tech Outside #5 CITY in Market in terms of California and New York – DataFox Gender Diversity and Tech Occupations – CBRE 5TH BEST CITY TH for Attracting Millennials – SmartAsset 5 CITY WINNING FINANCE JOBS From Wall Street – Forbes

Finance NORTHEAST FLORIDA POPULATION

1,770,400

1,515,656

1,242,824

1,018,983

1990 2000 2010 2020

Source: U.S. Census & Demographics Now JAX REGIONAL WORKFORCE MIGRATION INFLOWS BY AGE 28.3%

24.0% More than 70% of 18.4% new residents are under the age of 40

9.7% 9.1% 6.3% 4.2%

1-19 years 20-29 years 30-39 years 40-49 years 50-59 years 60-69 years 70+ years

Source: American Community Survey County-to-County Migration Flows: 2011-2015 A rated schools B rated schools HIGHER EDUCATION

SCHOOL ENROLLMENT Florida State College at Jacksonville 21,092

University of 16,309

St. Johns River State College 7,249

Jacksonville University 4,222

Edward Waters College 3,443

Flagler College 2,689

University of Central Florida 66,059

University of Florida 52,669

Florida State University 41,362

Florida A & M University 9,913

Embry Riddle Aeronautical University 6,338

Source: National Center for Education Statistics, Full-Time Enrollment Fall 2017 LOCAL UNIVERSITIES

▪ Ranked 2018 Best Value College by Forbes ▪ Among the top ranked business schools in the Southeast Thomas Carpenter Library Student Union

▪ Outstanding Business, MBA and other schools ▪ Excellent aviation, engineering, cyber security and marine Davis College of Business Marine Science Research Institute science programs FIRST COAST’S PROTECTED LOCATION

JACKSONVILLE MAJOR LANDFALLING HURRICANES ACCESS by AIR 100+ NON-STOP FLIGHTS 40+ MARKETS

Minneapolis Rochester Boston Buffalo Milwaukee Trenton Detroit New York: Philadelphia LaGuardia Chicago O’Hare Pittsburgh Chicago Midway Cleveland JFK Newark Indianapolis Baltimore Denver Columbus Washington Dulles Richmond St. Louis Cincinnati Washington National Kansas City Louisville Norfolk Las Vegas Raleigh Non-stop flights Nashville Charlotte to major airport hubs Atlanta Atlanta 14 Dallas/Ft. Worth New York 14 Dallas/Love Field JACKSONVILLE Austin Houston International Washington D.C. 9 Houston Hobby Charlotte 7 San Antonio Ft. Lauderdale

Chicago 6 Miami Miami 5 Dallas 3 OFFICE MARKET RATES

Rate Vacancy Class A $22.69 9.0%

Class B $19.02 8.4% 701 San Marco Total $19.55 7.8%

Concourse II 83.4 Commercial Construction Index Bank of

Source: CoStar Jacksonville Office Market Report, Year-End 2018, RS Means 2019 America Tower Veranda COST OF LIVING COMPARISON NATIONAL AVERAGE = 100

Seattle 159.4

Boston 153.3 Detroit New York Chicago 98.5 238.4 120.0 Washington Salt Lake City 158.4 San Francisco 105.2 Denver 200.1 111.1 Kansas City Norfolk 94.5 92.2 Charlotte Nashville 98.2 Phoenix Oklahoma City 101.3 87.4 87.5 Charleston Atlanta 96.2 102.3 Dallas Birmingham 106.7 87.8 JACKSONVILLE Austin 9 0 . 9 99.5

Tampa 89.7 Miami 115.7

Source: C2ER Cost of Living Index, 1st Quarter 2019 HOUSING

More house for your money

Jacksonville Based on a $283,053 2,400 square foot, 3 bedroom/2 bathroom Charlotte $303,292 new home

Atlanta $378,430

Chicago $520,200

Boston $713,920

New York (Brooklyn) $1,366,333

Source: C2ER Cost of Living Index, 1st Quarter 2019 HOUSING COSTS – Recently Sold Homes

$368,900 - Duval $279,900 – St. Johns Median New and Resale Price: $245,000 $305,387– St. Johns $196,900 – Nassau

$389,900 – Clay

Source: National Association of Realtors, 1st Quarter 2019 HOUSING COSTS

Average Apartment Sola $1,350 - $1,599 Links at Windsor Parke $1,209 - $1,629 Carlyle at Bartram Park $1,220 - $1,325 Rental: $1,220 2BR/2BA ~1,000 sqft

The Strand $1,800 - $2,230 Sorrel $1,346 - $1,816 Heron $730 - $905

Source: C2ER Cost of Living Index, 1st Quarter 2019 WORLD-CLASS HEALTH CARE SYSTEM

▪ Mayo Clinic ▪ Baptist Health ▪ MD Anderson Cancer Center ▪ UF Health at Jacksonville ▪ Memorial Hospital ▪ St. Vincent’s Medical Center ▪ Flagler Hospital ▪ Orange Park Medical Center ▪ Brooks Rehabilitation ▪ Wolfson Children’s Hospital ▪ Nemours Children’s Clinic FLORIDA TAX ANALYSIS

▪ Corporate Franchise Tax None

▪ State Personal Income Tax None

▪ Inventory Tax None

▪ Manufacturing Equipment Tax None

▪ State Sales & Use Tax 6.0%

▪ Corporate Income Tax 5.5%

▪ Property Tax 18.2 mils UNIQUE AMENITIES UNIQUE AMENITIES UNIQUE AMENITIES UNIQUE AMENITIES

JACKSONVILLE & NORTHEAST FLORIDA THANK YOU Cathy Chambers, Senior Vice President (904) 366-6667 or [email protected]

3 Independent Drive Jacksonville, FL 32202 (904) 366-6600