Business

Business news

JEA power plant
JEA

JEA recently announced it will close a coal-fired power plant on Jacksonville’s Northside, which came online in the late 1980s. With the complex’s closure, about 200 people will lose their jobs.

The plant’s closure after nearly 30 years of service is not surprising in today’s energy climate. If you’ve been paying attention to the electric power generation business, coal fired power plants are closing all across the country.


Jacksonville Jaguars

The Jacksonville Jaguars have submitted a proposal for redeveloping downtown’s former shipyards property into a mixed-use residential and entertainment district, announced Wednesday During an annual “State of the Franchise” address.

Jaguars owner Shad Khan teed up the project by linking it to his team.


Lindsey Kilbride / WJCT News

Nonviolent ex-offenders now have a school designed to quickly train them for jobs at the JaxPort.

The school, called the Jacksonville Port Academy, was created by the nonprofit Operation New Hope, Florida State College at Jacksonville and JaxPort.

John Burr

As diplomatic relations improve between Cuba and the U.S., more and more people are traveling to the island nation.  Among them is WJCT business analyst John Burr, who traveled there recently with a group from his church. 


John Burr

"Localnomics” is the idea that cities’ and businesses’ working together is the best way to solve long-simmering economic problems. The concept was discussed last week at a meeting of the Jacksonville World Affairs Council.


CSX train
Nate Beal / Wikimedia Commons

This week, the board of the Jacksonville-based CSX railroad will consider a company takeover.

CSX is the largest publicly owned company in town and North America’s third-largest railroad, valued at $43 billion. About 3,500 employees work for the company in Northeast Florida.


Financial News and Daily Record logo
Financial News and Daily Record

Jacksonville’s Financial News and Daily Record is under new ownership as of this month. It was the last Jacksonville newspaper owned by a local family.


golfer
Bfi Bussiness Furniture via Flickr

Jacksonville’s Hidden Hills Country Club is opening its golf course to the public after suffering declining membership. Arlington’s Hidden Hills is just the latest indication that golf as a business is in the rough.


San Marco lion fountain
Lindsey Kilbride / WJCT News

A long-planned mixed-use development called East San Marco is finally proceeding in the historic Jacksonville neighborhood after building permits were issued last week.

exterior of Murray Hill Theatre
Mike via Flickr

It’s a new year, and I'm predicting big things for Northeast Florida.

Among them: the first sighting of a boom economy in a decade, high consumer confidence, more home construction and gas prices’ staying relatively low.

plane on runway
Northeast Florida Regional Airport via Facebook

Starting in the spring, the regional airport in St. Augustine will once again offer direct flights to Philadelphia.

The service is resuming as airlines are taking note of the explosive population growth in St. Johns County.

The Nocatee development in the Northern part of the county is one of the fastest-growing areas of the country, and county spokesman Michael Ryan says airlines are taking note.

“For many years, we did not have any passenger flights out of St. Johns County. We had to travel to Jacksonville, Daytona or Orlando,” he said.

Ryan Benk / WJCT News

The record shop in Jacksonville’s Five Points neighborhood is going silent on Friday.


WJCT News

Jacksonville’s Metropolitan Park could soon be developed into a shopping and residential area across from EverBank Field. The city is planning to solicit development proposals starting in January for the park and neighboring Shipyards property.


News4Jax

Online retail giant Amazon is planning to build two Jacksonville distribution centers — with the latest slated to go near the Cecil Commerce Center on the city’s Westside.

It’s the latest example of industrial development’s booming at the site of the former Navy base.


River Club dining room decorated for a wedding
Gate Hospitality

The University Club on Jacksonville’s Southbank is closing this month after nearly 50 years of offering its members full-service dining with a spectacular skyline view.


Pages