St Joe Paper Co

The St. Joe alliance Robert G. Coston The University of Phoenix BUS 731 Dr. Maureen Steinwall November 1, 2009 Background and Introduction The St. Joe play along is a $400 meg publicly-traded land breeding companionship (NYSE: JOE) headquartered in Jacksonville, Florida. As the largest mysterious landowner in the domain of Florida (Annual Report, 2008) with approximately 805,000 acres, the attach to operates four-spot land maturation divisions and is a legacy operation of the professional company, the St. Joe Paper Company. The dramatic stave in the United States residential real estate securities perseverance since 2005 had a serious blow on The St. Joe Companys Florida land development business. This unparalleled decline in the residential real estate market required the St. Joe Company to agree the following actions (SEC filing - 10-K, 2008): reduce real estate development capital expenditures from $247 million in 2007 to $35 millio n in 2008; and reduced headcount from 337 people in 2007 to 194 people in 2008. While historically counsel on the Florida market, the continuing stinting decline required the St. Joe Company to consider other strategical options.

As noted in the 2008 Annual Report, the firm has open three strategic priorities for the forthcoming: Economic development The companys primary trading operations are in north Florida, and the company seeks to enhance the voiceal economy by attracting reinvigorated industry to this area. The company is tar puffing aerospace and defense, alternate(a) energy and environmen t, external trade, transportation and logist! ics, and healthcare as capability growth industries to be located in the region. Infrastructure development The company is promoting the benefits of the breathing deepwater seaport, railroads, and highway system in this region for global economical development. The company donated land for a new airport in north Florida and guaranteed any losses for the counterbalance two years for a much sought-after...If you want to get a secure essay, order it on our website: OrderCustomPaper.com

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