Jacksonville, February 10, 2026
EverBank has submitted a proposal to the City of Jacksonville requesting $9.8 million in tax incentives to remain in downtown Jacksonville, over concerns about security and parking. The proposal includes an annual payment of $980,000 for ten years, with the requirement to maintain a certain number of employees in the area. While some City Council members support the incentives to retain major employers, others express concern about setting a precedent for similar requests from other businesses.
Jacksonville, Florida – EverBank Seeks $9.8 Million in Incentives to Stay in Downtown Jacksonville
EverBank has requested $9.8 million in tax incentives from the City of Jacksonville to remain headquartered in downtown, following concerns over security and parking at its current location, the EverBank Center.
Details of the Incentive Proposal
The proposed incentive package includes an annual payment of $980,000 over the next ten years, totaling $9.8 million. In exchange, EverBank would commit to maintaining a certain number of employees at its downtown offices and collaborate with the building’s landlord on necessary improvements. This proposal is set to be reviewed by the Downtown Investment Authority on February 18, 2026, with final approval required from the City Council.
City Council’s Mixed Reactions
City Council members have expressed varied opinions on the proposal. Some support the incentives, emphasizing the importance of retaining major employers downtown. Others are concerned that such incentives could set a precedent, encouraging other businesses to seek similar assistance. Councilman Nick Howland voiced apprehension about using taxpayer dollars to prevent EverBank from relocating within the city.
Background on EverBank’s Downtown Presence
EverBank has been a significant presence in downtown Jacksonville for decades, operating from the EverBank Center. The bank’s potential move has raised concerns about the impact on the local economy and the vitality of the downtown area. In recent years, other businesses, such as Citizens Property Insurance Corporation, have also considered relocating due to similar security and parking issues. Citizens announced plans to move its offices to a suburban location in 2025, citing safety concerns at its downtown site.
Implications for Downtown Jacksonville
The outcome of this incentive proposal could have broader implications for downtown Jacksonville’s economic development. Retaining major employers like EverBank is seen as crucial for maintaining the area’s vibrancy and attracting further investment. The City Council’s decision will likely influence future policies regarding business incentives and downtown development strategies.
Frequently Asked Questions (FAQ)
What is EverBank’s request to the City of Jacksonville?
EverBank has requested $9.8 million in tax incentives from the City of Jacksonville to remain headquartered in downtown. This includes an annual payment of $980,000 over the next ten years, totaling $9.8 million. In exchange, EverBank would commit to maintaining a certain number of employees at its downtown offices and collaborate with the building’s landlord on necessary improvements.
What are the concerns leading to EverBank’s request?
EverBank has expressed concerns over security and parking at its current location, the EverBank Center, prompting the company to consider relocating its headquarters. These issues have also affected other businesses in the area, such as Citizens Property Insurance Corporation, which announced plans to move its offices to a suburban location in 2025 due to similar concerns.
What is the City Council’s stance on the proposal?
City Council members have expressed mixed reactions. Some support the incentives, emphasizing the importance of retaining major employers downtown, while others are concerned that such incentives could set a precedent, encouraging other businesses to seek similar assistance. Councilman Nick Howland voiced apprehension about using taxpayer dollars to prevent EverBank from relocating within the city.
What is the significance of EverBank’s presence in downtown Jacksonville?
EverBank has been a significant presence in downtown Jacksonville for decades, operating from the EverBank Center. The bank’s potential move has raised concerns about the impact on the local economy and the vitality of the downtown area. Retaining major employers like EverBank is seen as crucial for maintaining the area’s vibrancy and attracting further investment.
What are the broader implications of this proposal for downtown Jacksonville?
The outcome of this incentive proposal could have broader implications for downtown Jacksonville’s economic development. The City Council’s decision will likely influence future policies regarding business incentives and downtown development strategies, affecting the area’s economic vitality and attractiveness to other businesses.
Key Features of the Proposal
| Feature | Description |
|---|---|
| Incentive Amount | $9.8 million in tax incentives over ten years |
| Annual Payment | $980,000 per year |
| Conditions | Maintain a certain number of employees downtown; collaborate on building improvements |
| Review Date | February 18, 2026, by the Downtown Investment Authority |
| Final Approval | Required from the City Council |
Deeper Dive: News & Info About This Topic
HERE Resources
Downtown Four Seasons Project in Jacksonville Secures Funding
Corporate Flight Bookings Surge in Jacksonville Amid Jaguars Success
Thomas Foods International Acquires Former Tyson Plant
Jacksonville Marina Infrastructure Development Projects
Jacksonville Jaguars Receive Permit for New Headquarters
Jacksonville Jaguars to Build ‘Stadium of the Future’
Author: STAFF HERE JACKSONVILLE WRITER
The JACKSONVILLE STAFF WRITER represents the experienced team at HEREJacksonville.com, your go-to source for actionable local news and information in Jacksonville, Duval County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Jacksonville Jazz Festival, Riverside Arts Market, and World of Nations Celebration. Our coverage extends to key organizations like the Jacksonville Chamber of Commerce and JAXUSA Partnership, plus leading businesses in logistics, healthcare, and entertainment that power the local economy such as CSX Corporation, Baptist Health, and VyStar Credit Union. As part of the broader HERE network, including HEREOrlando.com, HEREStPetersburg.com, HERETallahassee.com, and HERETampa.com, we provide comprehensive, credible insights into Florida's dynamic landscape.
