Business news

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.

Kevin Meerschaert

Jax Chamber is part of a new program that helps train aspiring entrepreneurs.

Startup Quest matches unemployed college-degree holders with mentors for a ten-week training program where participants team up to turn existing technologies developed at local universities into a marketable product.

About 300 invitees gathered at the Schultz Center Thursday to hear about the program.

Kevin Meerschaert

State Representative Daniel Davis has been appointed the new President and CEO of Jax Chamber. The 40-year-old Davis has been Executive Director of the Northeast Florida Builders Association since 2006.

Davis says he wants to do more to help local businesses expand and create more jobs in Northeast Florida.

Davis joined the state legislature in 2010. He replaced Jennifer Carroll when she left her seat to run for Lt. Governor.

Tami Mcclaran

A 2007 study by the University of Florida estimated the economic impact of The Players Championship to be $150 million. It creates 2,000 jobs, and is the busiest week at Jacksonville International Airport.

That alone is enough to make Chamber officials smile.

But its not just to watch the tournament that thousands of people pack onto the Ponte Vedra course every year.