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JAXUSA Partnership, Florida State College at Jacksonville and St. Johns River State College Launch the Northeast Florida Fintech Initiative

Virtual meeting outlines next steps in the new program, announced earlier this year by Governor Ron DeSantis and funded by a $3.6 million Job Growth Fund Grant

Published Wednesday, October 28, 2020 9:00 am


JAXUSA Partnership, Florida State College at Jacksonville and St. Johns River State College officially launched the Northeast Florida Fintech Initiative in a virtual meeting Tuesday morning.


Earlier this year, Governor Ron DeSantis announced a $3.6 million grant for the two colleges and local financial services companies to create a training program to develop the highly skilled workers needed for the growing Fintech sector.  


Tuesday’s launch focused on recruiting financial services to join the Business and Industry Leadership Team (BILT) that will help identify the skills, competencies and credentials that employees need to step into Fintech jobs.


More than 60,000 people in Northeast Florida work in financial services, and there’s been significant growth in Fintech specifically – including FIS adding 500 jobs and building its new $150 million corporate headquarters in Jacksonville. Also, SoFi, a Silicon Valley-based digital personal finance company, announced its entry into the Jacksonville market with plans to hire 300 people and SS&C Technologies is looking to hire close to 200 more people to nearly double its presence here.


“As the industry continues to mature, further developing finance and tech talent will be top-of-mind for companies in Jacksonville and our region is primed to be at the forefront of creating future Fintech talent,” JAXUSA President Aundra Wallace said.


The main focus of the grant is creating a talent pipeline for the Fintech industry. Some strategies include: creating two new fintech certificates, developing a fintech support technician boot camp academy fast-track program and adding Fintech instruction to existing courses. Plans also include simulation labs and classroom space for students that can also be used by the industry for training and events.


Partners will be working with industry leaders and school districts in the seven-county region to develop the skilled talent Fintech companies are looking for to be successful. The regional collaboration is key to making sure there is opportunity throughout Northeast Florida.


“We appreciate the confidence that Governor DeSantis has entrusted in Florida State College at Jacksonville and St. Johns River State College to use this grant to build a talent pipeline for the Fintech industry in Northeast Florida,” FSCJ President Dr. John Avendano said. “Our state colleges are the key workforce development engines in our community and we look forward to working with our industry partners to develop a skilled workforce to answer the industry’s call.”


“As the Brookings Institute has studied, cities and suburbs are deeply interconnected and the most effective economic strategies connect to broader regional opportunities,” SJR State President Joe Pickens said. “As SJR State serves the rural and bedroom communities of our region we know the value of collaboration and by creating a regional initiative, we will train tomorrow’s talent in all of Northeast Florida.”


About JAXUSA Partnership

JAXUSA Partnership, a division of JAX Chamber, is Jacksonville’s regional economic development organization. JAXUSA Partnership recruits new companies and expands existing business to increase high-wage job growth, private capital investment and a highly skilled talent presence in Northeast Florida. The organization works with economic development partners in Baker, Clay, Duval, Flagler, Nassau, Putnam and St. Johns Counties; the independent authorities of JAXPORT, JAA, JEA and JTA; CareerSource Northeast Florida; and private-sector investors in its mission to be a catalyst for regional economic growth.


About FSCJ
Known as “the community’s college,” Florida State College at Jacksonville (FSCJ) exists to provide valuable, high-quality learning opportunities to anyone with the desire to enhance themselves through the pursuit of higher education. Serving more than 45,000 students and awarding more than 8,000 degrees and certificates on an annual basis, the College plays a significant role in supplying the region’s employers with a highly skilled, educated workforce.


About St. Johns River State College

Since 1958, St. Johns River State College has built a solid reputation as a full-service college dedicated to meeting the educational and workforce training needs of its Northeast Florida district. With campuses in Orange Park, Palatka and St. Augustine, SJR State is truly the community’s college, enriching a diverse population of students ranging in age from 16 to 60 and beyond. Degree programs range from the Associate in Arts degree, 25 A.S. degree programs and three bachelor’s degree programs.


CONTACT: Matt Galnor: (904) 472-4196,