Economic data titan Dun & Bradstreet, a company that has sold information to large corporations for 180 years, plans to move its headquarters to Jacksonville this fall, its CEO said Thursday.
The move is expected to create approximately 500 local jobs with an average salary of $ 77,000 and strengthen the city’s position as a hub for business services.
“The choice of Jacksonville as the location for such a globally recognized company demonstrates our growing role as a leading destination for the financial services sector,” Mayor Lenny Curry said in a written statement following an announcement that cadres of government and economic development officials were included.
Founded in 1841, Dun & Bradstreet claims to have around 135,000 customers and thousands of employees worldwide.
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Headquartered in Short Hills, NJ, the company has reorganized parts of its business since 2019. Back then, a group of investors that included Jacksonville-based mortgage services company Black Knight Inc. bought Dun & Bradstreet and went public on the New York Stock Exchange last year.
Black Knight CEO Anthony Jabbour, who has held dual roles as CEO of Dun & Bradstreet since 2019, said on Thursday Jacksonville is a good market to recruit and retain talent the company will need.
“I’ve seen a lot of beautiful places, but none that I’d rather call home,” he said.
Dunn & Bradstreet expects to invest $ 75 million in the headquarters and has negotiated $ 25 million in state and city incentives for the move.
A $ 4 million contribution from the state’s High-Impact Performance Incentive was approved in Tallahassee this week, and Curry said he plans to send laws for $ 21 million in urban incentives to the city council in the coming weeks.
This package requires the approval of the council, but about half of the council attended the announcement of the headquarters in the downtown JAX Chamber office, reflecting the groundwork already done to secure the support.
The Dun & Bradstreet relocation will be important in Jacksonville’s efforts to cement its position as a hub for business information jobs, said Aundra Wallace, president of the chamber’s economic development arm, JAXUSA Partnership.
These jobs attract well-paid, skilled workers who are vital to Northeast Florida’s economy, he said, and having them in Jacksonville creates opportunities for talented young people to make careers here.
This can also enable young people from Jacksonville to build a bright future for themselves without moving across the country.
“What this does is reverse the brain drain people leave here” by chasing dream jobs far from home, Wallace said.
About 90 percent of Fortune 500 companies use Dun & Bradstreet data in their work, Wallace said, so the location of the headquarters can also help build the city’s connections with top companies.
In an email comment, Governor Ron DeSantis said he was “excited about the significant investment this will mean for Jacksonville as a long-time industry leader like Dun & Bradstreet is sure to raise the profile of the city’s expanding market sectors.”