THURSDAY April 1, 2021
Mathis Report: Multifamily planned at Ashley & Hogan PAGE 4
jaxdailyrecord.com • 35 cents
Public
legal notices begin on page 1B
Daily Record JACKSONVILLE
REDWIRE’S
Wallace: City needs to boost talent diversity
Daily Record REVENUE JACKSONVILLE
JAXUSA Partnership president says his group is taking steps for that.
ROCKET
BY MARK BASCH
Daily Record Daily Record JACKSONVILLE
$1.413 billion
JACKSONVILLE
M
ost people view the 1960s and the race to the moon as the golden age of space travel. Executives of Redwire LLC see the 2020s as a second golden age of space, and they expect their company to be a leader in this space race. “We are the pick-and-shovel provider for the new space gold rush,” CEO Peter Cannito told investors in a conference call last week after Redwire announced a plan to go public. “As such, we like to say when space wins, Redwire wins,” he said. Cannito was speaking after the company announced a merger agreement with publicly traded Genesis Park Acquisition Corp., a company with no operating businesses.
2021
2022
2023
$766 million
CONTRIBUTING WRITER
$237 million
BY MARK BASCH
Redwire projects its revenue to increase more than tenfold in the next five years to more than $1.4 billion.
$163 million
The Jacksonville-based company with plans to go public says it is ‘the pick-and-shovel provider for the new space gold rush.’
$424 million
Redwire says it has launched six manufacturing facilities to the International Space Station. They include industrial crystallization for research and 3D printing for making tools.
2024
2025
SEE REDWIRE, PAGE 6
CONTRIBUTING WRITER
Jacksonville continues to attract new jobs even in a pandemic, said Aundra Wallace, president of JAXUSA Partnership However, while Jacksonville has a lot of advantages to offer, there are areas that need improvement, Wallace said in a March 31 webinar for the NAIOP Commercial Real Estate Development Association Northeast Florida Chapter. “Diversity is something that we’re geared toward,” he said. “We want to make sure that everyone prospers in this economic ecosystem of Northeast Florida.” The Adecco Group’s recent announcement that it is moving its North American headquarters from Jacksonville to Atlanta highlighted the issue. Wallace said Adecco cited airline access as one of its reasons, with so many more direct flights available to and from Atlanta than Jacksonville. “They also felt from a talent diversity aspect, they were going to be able to hire talent” in Atlanta, he said. JAXUSA is taking steps to improve diversity in hiring in the region, Wallace said. Last year, it hired Angela Timberlake as vice president of Elevate Women, and the JAX Chamber Foundation launched the Lewis and White Business League to promote opportunities for African Americans. Even while it seeks improvement, Wallace said data shows more people are moving to Jacksonville than other cities to seek opportunities in the pandemic. “You’re seeing great, great interest in moving to our region,” he said.
MBASCH@JAXDAILYRECORD.COM
THE MARBUT REPORT
Farah & Farah growing the family business “We have a long-term plan.” PAGE 10 VOLUME 108, NO. 96 • TWO SECTIONS