Earlier this week, Jacksonville’s city council voted unanimously to approve Project Quail, a $1.5 million city and state incentive package that will bring online personal finance company SoFi’s Southeast Operations Center to Jax.
The company plans to open its new operations center within Town Center Two at the beginning of next year, and it has already begun recruiting potential employees for roles such as member relations, loan review, quality assurance, and fraud prevention. They plan to have at least 300 employees in Jacksonville by the end of 2021.
“As SoFi grows, we knew we needed to expand our real estate footprint to maintain our top-tier level of support for all of our members across the country,” said Anthony Noto, SoFi’s chief executive officer. “Jacksonville, from the start of our exploration, has been a clear front runner for talent, accessibility, and offering an affordable cost of living. We’re thrilled to expand our SoFi family to Florida.”
SoFi was founded in 2011 and has over 1,400 employees, with offices in six states. The San Francisco, CA-based company provides several online financial services including personal and private loan management, student loan refinancing, and investment management.
The addition of SoFi comes amidst a busy summer for financial technology projects in Jacksonville. SS&C Technologies also received an incentive package to expand its campus at Grammercy Woods and to bring 198 more jobs to Jax.
And Project Sharp, introduced earlier this month, proposes the addition of 500 jobs and a new headquarters building. Fidelity National Information Services, or FIS, is strongly speculated to be the company behind Project Sharp.
“We’ve seen tremendous success attracting financial services companies to our region and FinTech is the next logical sector for us to own,” JAXUSA Partnership President Aundra Wallace said. “SoFi is an innovative, growing company and this project is a huge win for Northeast Florida. We look forward to continuing to work with SoFi and welcome them to our community.”
For more information on SoFi, visit their corporate website.