The insurance giant’s $40M HQ plan already making an impact by creating jobs, attracting other developers
DAYTONA BEACH — Brown & Brown’s planned 11-story headquarters complex on North Beach Street, which recently began construction, is being hailed by community leaders for ushering in a much-needed renaissance of this city’s struggling downtown.
Daytona Beach Mayor Derrick Henry described the $40 million project as one that is already making a “colossal difference” for the city because of its promise of bringing hundreds of high-paying jobs and by “creating energy and vibrance in the downtown area.”
Brown & Brown CEO J. Powell Brown said his company is “excited that this building will be part of the redevelopment of downtown.”
Noting the fact that the insurance brokerage that has grown to be the sixth-largest in the country, was founded in 1939 just a few blocks away by his grandfather and uncle, Brown told the gathering, “We’ve always been and always will be committed to this community.”
John Albright, the CEO of Consolidated-Tomoka, was one of the more than 300 people who turned out for Brown & Brown’s invitation-only flag-raising event.
“This kind of commitment and investment will do wonders for downtown,” Albright said of Brown & Brown’s project.