Jacksonville Chamber of Commerce has big economic development projects in pipeline
The Jacksonville Chamber of Commerce recently hinted at an upcoming announcement to reveal several imminent economic projects, with at least one major endeavor in the pipeline, according to the Jacksonville Daily Record. Increased economic development could lead to a spike in demand for homes for sale in Jacksonville.
In a previous interview with John Haley, the Jacksonville Chamber Senior Vice President of Business Development said there were five imminent deals, including a widely-reported Deutsche Bank Project, which would add 260 jobs to the region. Another deal, with Embraer, is set to add additional capacity for building aircraft at Jacksonville International Airport. Among the industries being targeted by JAXUSA Partnership, the economic development division of the Jacksonville Chamber, are advanced manufacturing, aviation, financial services, information technology, logistics and health and life sciences.
This continues a recent trend of attracting growing companies to the city. According to a recently released report by Inc. Magazine, seven of the country's 500 fastest growing companies were based in Jacksonville. The continued growth of the local economy, through the attraction of companies from other cities as well as the expansion of local companies, will help spur the real estate market in Jacksonville.