APRIL 6 TO APRIL 12, 2023 | JAXDAILYRECORD.COM
BUSINESS & LEGAL NEWS IN BAKER, CLAY, DUVAL, NASSAU AND ST. JOHNS COUNTIES
TRACKING
INSIDE
THE REGION’S ECONOMY COMMERCIAL REAL ESTATE
Paysafe picks building for North America headquarters PAGE 3
THE MATHIS REPORT
Project Raptor taking steps in West Jacksonville PAGE 6
Photo by Dede Smith
Albert Loh, University of North Florida professor of economics and director of the school’s Local Economic Indicators Project. He created a measure of the area economy called the Jacksonville Economic Monitoring Survey, or JEMS.
University of North Florida economics professor Albert Loh creates a new monthly survey to measure the local economy. BY MARK BASCH CONTRIBUTING WRITER
J
acksonville area manufacturing companies are seeing weakening conditions in their businesses, an indication of an economic slowdown. However, despite current conditions, those companies are optimistic about the direction of the economy over the next 12 months. That’s the latest conclusion from a new monthly survey of manufacturers compiled by the University of North Florida’s
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Local Economic Indicators Project, or LEIP. The survey is called the Jacksonville Economic Monitoring Survey, or JEMS. Albert Loh, UNF professor of economics and director of LEIP, said the monthly survey of manufacturers will give Northeast Florida businesses an indication of the overall state of the local economy. “I think over time people will find this is specific to the Jacksonville area and relevant to their market,” he said. SEE ECONOMY, PAGE 10
THE BASCH REPORT
Duos is poised to benefit from rail safety push The company provides technology that allows companies to monitor fast-moving vehicles, with a focus on the railroad industry after the derailment of a train in Ohio. PAGE 4
REAL ESTATE
NineOaks making its mark The company has become a player in Northeast Florida property development and building management. PAGE 8 LAW & THE COURTS
Rivkin Radler comes to Florida The law firm opens its first office outside of New York and New Jersey with 20 attorneys in Jacksonville. PAGE 12 RETAIL
More shops at The Avenues The Avenues mall announces six new restaurant, shopping and service options. PAGE 20
VOLUME 110, NO. 21 | TWO SECTIONS | PUBLISHED SINCE 1912