Move Will Generate About $4.4 Million In Capital Investment And Up To 170 High-Wage Jobs
Jacksonville Mayor Alvin Brown and officials at JAXUSA Partnership, a division of the JAX Chamber, announced today that SunGard AvantGard LLC is planning to expand and move into Downtown Jacksonville. The company will create up to 170 new, high-wage jobs with an average annual salary of more than $54,000 during the next few years and generate more than $4.4 million in capital investment in Downtown Jacksonville.
“The SunGard project demonstrates the continued momentum in Downtown Jacksonville and the confidence that business leaders have in our economy,” said Mayor Brown. “With dynamic, successful companies leveraging new opportunities here, it’s easy to see why Forbes recently ranked Jacksonville number two nationally for tech jobs. This is great news and even more reason for us all to continue working aggressively to expand economic opportunities.”
Legislation will be introduced to City Council today enabling SunGard to consolidate and expand its business.
SunGard AvantGard offers liquidity and risk management technology solutions for corporations, insurance companies and the public sector fostering collaborative financial management. The software and technology services company plans to consolidate area operations in one location at 701 San Marco Blvd. in the Southbank area of Downtown Jacksonville, and to create 170 new jobs by 2016. The project is expected to represent an estimated total capital investment of at least $4.4 million by the company.
“Today’s announcement creates a sense of pride and excitement in the business community,” said JAX Chamber interim president and CEO and JAXUSA Partnership president Jerry Mallot. “This project involves the creation of new jobs, investment in our city and region and is contributing to Downtown revitalization. We will continue our focus on downtown and the acceleration of job growth and economic development for the benefit of the community.”