Dun & Bradstreet announced plans May 20 to relocate its corporate headquarters to Jacksonville, a move that will bring 500 jobs to the city and a $75 million investment in the next five years.
The company provides business data and analytics.
Dun & Bradstreet was acquired in 2019 by an investor group including Jacksonville-based Black Knight Inc., which remains a significant investor in the firm after its July 2020 initial public offering.
It will move to Jacksonville in the fall and is considering an office location. It is headquartered in Short Hills, New Jersey.
The average salary of the 500 new jobs will be about $77,000.
Anthony Jabbour, who serves as Black Knight CEO, also leads Dun & Bradstreet.
“I’m proud of our city and I’m proud to share it with our colleagues at Dun & Bradstreet,” Jabbour said at a news conference at JAX Chamber.
Jabbour said in a news release the choice to move to Jacksonville was a strategic investment to grow the company.
“Jacksonville is an attractive market to recruit and retain future, diverse talent and we look forward to building our presence in the market and creating greater opportunities for advancement for the local community,” Jabbour said.
Dun & Bradstreet will receive $4 million in state incentives through its High-Impact Performance Initiative.
Legislation will be introduced to City Council in the next two weeks for an additional $21 million in incentives.
“Thank you to Anthony Jabbour and your team at Dun & Bradstreet for your confidence in Jacksonville and our prominence as a growing hub for financial services,” Mayor Lenny Curry said at the news conference.
State and local elected officials and business leaders attended the news conference.
“Today is great for Florida and also for the Northeast Florida region,” said Enterprise Florida CEO and Florida Secretary of Commerce Jamal Sowell.
“On behalf of the governor, this is a true testament to his work to make Florida one of the most business-friendly states in the entire country.”
Dun & Bradstreet also is moving financial operations to India from Lehigh Valley, Pennsylvania, according to a report May 20 in The Morning Call publication.