Intercontinental Exchange Inc., the company best known as the operator of the New York Stock Exchange, will spend at least $173 million to locate the headquarters of its ICE Mortgage Technology division in Jacksonville.
In a Dec. 17 announcement at the JAX Chamber building, city, chamber and company representatives confirmed that ICE is the financial services provider code-named Project Paper Company in city documents related to a $21 million incentive package for the expansion.
They did not say where the headquarters would be located.
In exchange for the incentives, ICE agreed to keep its 1,500 current employees in Jacksonville and grow that workforce by 500 over seven years. The city said the new jobs will include front-office and executive positions paying an average base wage of $100,000. That compensation rises to $125,000 with benefits.
ICE acquired Jacksonville-based Black Knight Inc. in September 2023 for $11.9 billion. In early 2024, ICE Chief Financial Officer Warren Gardiner told analysts that spending plans for 2024 included $100 million for new office space, expansion and improvements across offices in New York, London and Jacksonville.
Black Knight is a software, data and analytics company that serves the housing finance market, including real estate data, mortgage lending and servicing.
Joe Nackashi, former Black Knight CEO and now vice chair of ICE Mortgage Technology, said ICE had already begun moving jobs into Jacksonville.
Employees from Chicago, New York City, Boston and London have relocated to Northeast Florida, he said.
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