TravelTill

Economy of Jacksonville


JuteVilla
area's economy is balanced among distribution, financial services, biomedical technology, consumer goods, information services, manufacturing, insurance and other industries.

Jacksonville is a rail, air, and highway focal point and a busy port of entry, with Jacksonville International Airport, ship repair yards and extensive freight-handling facilities. Lumber, phosphate, paper, cigars and wood pulp are the principal exports; automobiles and coffee are among imports. The city's manufacturing base provides just 4.5% of local jobs, versus 8.5% nationally. According to Forbes in 2007, Jacksonville, Florida ranked 3rd in the top ten U.S. cities to relocate to find a job. Jacksonville was also the 10th fastest growing city in the U.S.

Jacksonville is home to many prominent corporations and organizations, including the headquarters of four Fortune 500 companies: CSX Corporation, Fidelity National Financial, Fidelity National Information Services and Winn-Dixie Stores, Inc.. In addition to CSX, the Florida East Coast Railway as well as Swisher International Group and the large short line railroad holding company RailAmerica are also based in Jacksonville.

In 2008, Jacksonville had approximately 2.8 million visitors who stayed overnight, spending nearly $1 billion. Research Data Services of Tampa was commissioned to undertake the study, which quantified the importance of tourism. The total economic impact was $1.6 billion and supported nearly 43,000 jobs, 10% of the local workforce.

Cecil Commerce Center is located 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 22,939 acres (92.83 km), it was the largest military base in

JuteVilla