MONDAY November 4, 2019
Public legal notices begin on page 3
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Daily Record JACKSONVILLE
PROJECT SHARP
FIS to build $145M Riverside HQ Daily Record JACKSONVILLE
Jacksonville-based company will add 500 jobs and construct 12-story, 300,000-squarefoot office tower.
Daily Record Daily Record JACKSONVILLE
BY KAREN BRUNE MATHIS & MIKE MENDENHALL STAFF WRITERS
THE NEW HQ
Gov. Ron DeSantis and Fidelity National Information Services Inc. Chairman, President and CEO Gary Norcross announced Friday that FIS will build a $145 million, 12-story, 300,000-square-foot world headquarters at 323 Riverside Ave. and create 500 jobs. That confirms FIS is the codenamed Project Sharp, a long expected disclosure. “Today is really a neat announcement, because we’re able to announce that FIS has decided to double down on its commitment to Jacksonville and build a new and expanded headquarters just a few hundred yards away on ground right here in Jacksonville,” DeSantis said in the lobby of the building FIS shares with Black Knight at 601 Riverside Ave. FIS has been in Jacksonville for more than 15 years. Because of its $43 billion acquisition July 31 of Worldpay Inc., it needs more space. FIS provides technology for financial institutions and Cincinnati-based Worldpay provides payment services. The combined company will have more than $12 billion in annual revenue and 55,000 employees worldwide in 40 countries. It has clients in 110 countries. As part of a $29.9 million incentives deal with the city and state, Fortune 500 company FIS will
An artist’s rendering of the FIS headquarters at 323 Riverside Ave. A team of Hines and Gensler will manage the construction and development. More images at JaxDailyRecord.com
JACKSONVILLE
Special to the Daily Record
THE NEW FIS HEADQUARTERS A new headquarters: The project will construct a 12-story, $145 million, 300,000-square-foot office building and parking structure at 323 Riverside Ave.
New jobs: 500, created at a rate of 50 per year starting in 2020 with an average annual salary of $85,000. No cuts: FIS will retain the 1,216 jobs it has in Jacksonville
THE INCENTIVES PACKAGE The Jacksonville City Council approved a $29.9 million city and state-backed incentives package Sept. 10 for the code-named Project Sharp. Here’s what’s in the package:
Photo by Katie Garwood
Fidelity National Information Services Inc. Chairman, President and CEO Gary Norcross and Florida Gov. Ron DeSantis, left, announce the new headquarters Friday.
n A $3 million Qualified Target Industry Tax Refund, of which $600,000 is from the city and $2.4 million from the state, with a 10-year payout starting next year. The amount is $6,000 per job, with $1,200 of that from the city.
n A city Recapture Enhanced Value Grant of up to $23.4 million paid from tax increment district funds by 2043, or 20 years after the improvements are made. That indicates the structure would be completed by 2023. n A $3.5 million city closing grant upon completion of the improvements, which must be at least $130 million.
SEE FIS, PAGE 2
Jumpin’ Jax House of Food to open Downtown Jumpin’ Jax House of Food will add a third location by leasing the former 20West Cafe space Downtown. Howland “Howdy” Russell, cofounder of the restaurant, said he signed a lease for the ground floor at 20 W. Adams St. The 20West Cafe closed in June in recently built-out space, making it a deal “we couldn’t pass up,” Russell said. He hopes to open by the first of the year. The restaurant will operate 7 a.m. to 4 p.m. daily, serving the same lunch menu as it does at its Mandarin and Atlantic Beach locations, along with breakfast.
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