Cities often are judged for their business-friendliness on the number of national headquarters they support. Jacksonville, Fla., might not be the top of the list in that regard but it is also not lacking in welcoming companies. FIS, a financial services technology company, has received city and state approvals on an economic development package for plans to build a new, expanded world headquarters in Jacksonville to support the company’s continued growth.

FIS has entered into a real estate purchase agreement with Blue Cross and Blue Shield of Florida, to purchase the riverfront property located at 323 Riverside Avenue on which to build its headquarters. The agreement is subject to customary diligence and standard contractual closing conditions and is expected to close no later than the second quarter of 2020.

FIS will consolidate its current 601 Riverside Avenue headquarters as well as two additional Jacksonville-based facilities into the new headquarters building. The company plans to hire an additional 500 employees by 2029 to bring its Jacksonville workforce to approximately 1,800 employees.

The new headquarters building is expected to be 12 stories with approximately 300,000-sq.ft., of space. FIS expects construction on the new headquarters to begin immediately after the closing and to take about two years to complete.

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