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Jax becomes North American headquarters for an internationally based company but it comes at a cost

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Jacksonville will serve as the North American HQs for London based Paysafe, a multinational online payments company.

Princess Jhané Stepherson, Action News JaxJACKSONVILLE, Fla. — The City of Jacksonville has formed an alliance with an internationally based company from London called Paysafe. The city and Paysafe say this is going to bring the city a ton of jobs. While that’s exciting news, it does come at a cost.Six hundred high-paying jobs are coming to Jacksonville over the next three years.

Paysafe, a multinational online payments company, wants Jacksonville to be its North American headquarters. The company also wants the Jax location to offer payment provider services for consumers and merchants.“An international business, in a targeted industry bringing in North American headquarters here to Jacksonville. 600 high paying jobs are going to be in our community so that’s fantastic,” says Kirk Wendland, executive director of the Jacksonville Office of Economic Development.

Paysafe leaders say they already have 1,000 employees in the U.S., and some might transfer here. Bruce Lowthers, Paysafe’s CEO, explained who might want to get resumes together. “We have a lot of sales opportunities, we have a lot of accounting, finance, a lot of legal opportunities and obviously tech jobs as well,” says Lowthers.“Looking at the economy of our state, we have a 2.5% unemployment rate, that’s for September, still waiting on October numbers. In September that compared to the nation at 3.5%, since then they’ve tricked up to 3.7%,” says Dane Eagle, who is responsible for economic development at the state level.

State incentives were approved for the state last month. As for the city, an economic development package will be introduced to Jacksonville’s City Council next week.

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