Business news

State Reaches Deal With Amazon; Online Retailer To Bring 3,000 Jobs To Florida

Jun 14, 2013
Wikimedia Commons

TALLAHASSSEE, Fla. (AP) -- Florida has reached a deal to bring major Internet retailer Amazon to the state.

Florida Gov. Rick Scott announced Thursday that Amazon would bring more than 3,000 jobs to the state between now and 2016. The company is poised to spend more than $300 million on new warehouses.

The governor had previously said no to a deal to bring Amazon to the state. He had expressed concerns that signing off on such a deal would result in tax increases for Floridians.

Kevin Meerschaert

The Jacksonville Downtown Investment Authority has named Aundra Wallace as its Chief Executive Officer. Wallace is currently the Executive Director of the Detroit Land Trust, and organization dedicated to redevelopment efforts through public-private partnerships.

In a ranking of the candidates skills Wallace edged out Kevin Hanna from the New Orleans Redevelopment Authority.

Wallace has over 20 years of experience in redevelopment projects.


If you’re house hunting for a fixer-upper at a bargain-basement price, then you’re in luck.

Realty Trac ranks Jacksonville number 13 on its list of the 15 best cities for finding rundown properties at reasonable prices.

Realty-Trac Vice President Daren Blomquist says they used 3-criteria when compiling the list.

According to a report from the U.S. Army Corps of Engineers due to be released on Friday, the deepening of Jacksonville's ship channel to 47 feet would cost $733 million. The Jacksonville Port Authority would have to cover half of those costs, while the federal government would cover the rest.

Fidelity National Buying Lender Processing

May 28, 2013
LoneStarMike, Wikimedia Commons

Fidelity National Financial Inc. has agreed to buy Lender Processing Services Inc. for about $2.82 billion in order to broaden and diversify its business.

Lender Processing is a Jacksonville-based technology company that services the mortgage and real estate industries. Fidelity National, also based in Jacksonville, provides title insurance, mortgage and other services.