Discovering and holding certified staff stays among the many main financial points dealing with Northeast Florida enterprise leaders in 2023, persevering with their considerations from 2022.
Uncertainty, together with the query of a recession, underlies the challenges.
Northeast Florida leaders supply their perception into how they plan to tackle the challenges of the subsequent 12 months.
COMMUNITY LEADERSHIP
Gracie Simendinger
CEO, Management Jacksonville
The first financial problem dealing with neighborhood management is uncertainty about components that embody inflation, a looming recession or lack of reasonably priced housing.
Gracie Simendinger
All of those challenges have an effect on our means to plan, take dangers and be revolutionary.
We’re rising to the problem by listening, figuring out methods to take daring motion and dealing collectively towards progress as a neighborhood.
As a nontraditional nonprofit with companions and alumni who characterize vibrant neighborhood management throughout the company, authorities and nonprofit sectors, the answer is collaboration at a time when Jacksonville is poised to capitalize on its momentum.
BUSINESS INNOVATION
Jim Stallings
CEO, PS27 Ventures
The first financial problem dealing with enterprise innovation is attracting and retaining high-quality expertise and abilities.
Jim Stallings
Enterprise capital and startups are taking up the problem of hiring prime expertise utilizing a number of approaches.
One is distant work. Prime people are extra occupied with a versatile, hybrid work mannequin permitting startups to achieve entry to extremely skilled expertise.
Internships and apprenticeships are one other resolution. Startups are constructing their very own provide of technical expertise from inside.
Startup corporations used to recruit folks from massive tech corporations, however right now, it’s simpler in some methods to develop abilities with much less skilled staff.
ECONOMIC DEVELOPMENT
Cindy Stover
North Florida Market President, TD Financial institution; 2023 chair, JAXUSA Partnership
The first financial problem dealing with financial growth is expertise attraction and growth.
Cindy Stover
By persevering with to draw investments and jobs in focused industries, we are able to retain and appeal to specialised expertise.
Fintech is a superb instance. Take a look at Paysafe making Jacksonville its North American headquarters.
This brings alternative in associated industries like banking, and TD Financial institution pledged to deliver 200 jobs with its new contact heart.
That’s large for folks our area and exhibits corporations we’ve the expertise they want and that we’ll continue to grow our expertise pool.
Our methodology of recruitment and growth by means of the Discover Your JAX expertise attraction marketing campaign is taken into account a greatest apply, as is the Earn Up initiative to attach educators and companies in offering expertise, internships, and so on., and reaching college students immediately.
HEALTH CARE
Bradley Talbert
CEO, HCA Florida Memorial Hospital
The first financial problem dealing with well being care revolves across the mounting pressures of labor shortages coupled with inflation and the corresponding authorities’s response.
Bradley Talbert
The largest points for our trade in 2023 are mounting pressures from inflation and labor prices.
It’s too early to guage how this may evolve and the way the federal government will reply.
HCA Healthcare believes we do have cheap perception into demand, payer combine and acuity subsequent yr, which we count on to stay steady.
RETAILING
Frank Wallmeyer
Proprietor, Commonplace Feed & Seed
The first financial problem dealing with the retail trade is the adversarial affect that inflation is having on prospects’ disposable revenue and its impact on spending selections.
Frank Wallmeyer
This previous yr, our prospects have made it abundantly clear to us by means of their buying selections that they’re extra involved with total worth and a lower cost level than ever earlier than.
So therein lies our problem, which is to consistently discover methods to offer them with the absolute best merchandise at the absolute best costs.
This has been troublesome given all of the inflationary pressures of late, particularly relating to commodities like corn, wheat and fertilizer, whose costs have been exacerbated by the warfare in Ukraine.
It additionally means discovering new and comparable merchandise at a greater worth level in addition to providing smaller portions at a decrease total worth.
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