FLORIDA ANNOUNCES DEUTSCHE BANK EXPANSION IN JACKSONVILLE

(The following is a reformatted version of a press release
issued by the Office of the Governor of Florida and received via
electronic mail. The release was confirmed by the sender.) 
June 24, 2013 
GOV. SCOTT ANNOUNCES DEUTSCHE BANK EXPANSION IN JACKSONVILLE 
World banking leader will create 300 jobs, invest more than $10
million in capital 
JACKSONVILLE, FL- Today, Governor Rick Scott announced that
Deutsche Bank, one of the world’s largest banks, is expanding
its footprint in Jacksonville. The bank plans to add more than
$10 million in capital and 300 jobs into Florida over the next
three years. 
Governor Scott said, “We are thrilled to be here today
announcing another expansion at Deutsche Bank’s Jacksonville
campus. Deutsche Bank has become an important partner to the
local community and we thank them for continuing to create jobs
for Florida families. This expansion will create 300 new jobs
for Florida families and demonstrates that our efforts to
improve Florida’s economy and create jobs are working.” 
This expansion is the second in two years at Deutsche Bank’s
Jacksonville campus and comes just five years after the
company’s initial venture in the region. Since 2008, the banking
leader has created more than 1,000 high quality jobs. The strong
success of those projects allowed the bank to make this futher
expansion of 300 jobs and additional capital investments in the
state. 
“On behalf of our 1,100 employees in Jacksonville, I am pleased
to announce this further expansion,” said Michael Fleming,
Managing Director of Deutsche Bank Jacksonville. “While we
started out in 2008 with under 100 people supporting one
business, we now have employees from all the businesses in the
U.S. and have been growing our front-office capabilities at this
site. The tremendous support from the state of Florida and the
City of Jacksonville has played a large part in our decision to
increase our footprint at this location.” 
Most of the nation’s leading financial and professional services
companies have established large operations in Florida to take
advantage of its global connectivity, experienced workforce and
favorable business climate. Nearly 90 percent of Florida’s gross
economic output is generated in the service sector. Florida
firms in fields such as banking, accounting, architecture,
consulting, engineering, legal services and others represent the
state’s 4th largest industry, with 12.5 percent of the state
GDP. 
“From Pensacola to Jacksonville to the southern tip of the
state, Florida’s standing as a world leader in the financial and
professional services industry continues to rise,” said
Secretary of Commerce and president & CEO of Enterprise Florida
Gray Swoope. “When Deutsche Bank chooses to move to and expand
in Florida, it shows the confidence they have in our workforce
and that we have the resources needed for the world’s largest
banks to succeed and grow.” 
Northeast Florida is one of the fastest-growing regions in the
U.S. The area’s growth is made possible by a large and talented
workforce, and by communities and government leaders who are
dedicated to economic development.
“Deutsche Bank has consistently shown an incredible return on
investment for Jacksonville,” said Mayor Alvin Brown. “More than
jobs, these are career-building opportunities that speak to our
economic momentum and quality of life. Expanding investment
banking in Jacksonville represents a powerful step toward
economic recovery and I applaud city and state leaders along
with Deutsche Bank for great teamwork.” 
“The jobs Deutsche Bank is creating in this next phase of
expansion are exactly the types of jobs that we have been
targeting for the region,” said Jerry Mallot, president of
JAXUSA Partnership. “Many of these jobs are sophisticated
finance positions that have traditionally only existed on Wall
Street. Deutsche Bank is one of many financial services
companies that have found a highly qualified workforce in
Jacksonville with operating costs that are much lower than the
Northeast.” 
About JAXUSA Partnership
JAXUSA Partnership is the regional economic development
organization comprised of almost 200 top private sector
investors in Northeast Florida, including the Jacksonville
Office of Economic Development, JEA, JAXPORT, JAA, JTA,
WorkSource and the regional county partners - Baker, Clay,
Duval, Flagler, Nassau, Putnam and St. Johns counties. A
division of the JAX Chamber, its purpose is to facilitate the
creation and retention of quality jobs and significant capital
investment, resulting in a higher standard of living and better
quality of life in Northeast Florida. 
About Enterprise Florida, Inc.
Enterprise Florida, Inc. is a partnership between Florida’s
business and government leaders and is the principal economic
development organization for the state of Florida. Enterprise
Florida’s mission is to facilitate job growth for Florida’s
businesses and citizens leading to a vibrant statewide economy.
In pursuit of its mission, Enterprise Florida works closely with
a statewide network of economic development partners and is
funded both by the State of Florida and by private-sector
businesses. Learn more about Florida’s financial and
professional services industry at eflorida.com. 
Contact: media@eog.myflorida.com
(850) 717-9282 
(bjh) NY 
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