Site Expansion - Regional Round-Up: Florida

Site Expansion - Regional Round-Up: Florida

Published on: June 1, 2004

BioPharm International, BioPharm International-06-01-2004, Volume 17, Issue 6

Regional Round-Up: Florida

Key cities and populations	Miami-Ft. Lauderdale-West Palm Beach: 5,255,805; Tampa-St. Petersburg-Clearwater: 2,535,439; Orlando: 1,829,219; Jacksonville: 1,185,201
Targeted industries	Life sciences, information technology, aviation/aerospace, homeland security/defense, financial/professional services; visit
Biopharm employment	4,177 (NAICS code: 3254 — Pharm. & Medicine Mfg.)
Academia affiliated with biopharm industry	Florida Agricultural & Mechanical University, Florida Atlantic University, Florida International University, Florida State University, University of Florida, University of South Florida
Primary business strengths	Favorable business tax climate; no state personal income tax; affordable, diverse, and highly-skilled workforce; worldwide connectivity; excellent quality of life; visit
Tax and other incentives	Targeted industry incentives: qualified target industry tax refund, high impact performance incentive grant, qualified defense contractor tax refund, capital investment tax credit; Workforce training incentives: quick response training incentives, incumbent worker training program, economic development transportation fund; special opportunity incentives: rural incentives, urban incentives, enterprise zone incentives, brownfield incentives; visit
BioClusters	Sid Martin Biotechnology Development Incubator
State commitment to biopharm industry and future plans for its growth	Florida provided a large and unique incentive package (state & local) totaling $510 million to bring The Scripps Research Institute to Florida. The Scripps Research Institute, one of the world?s largest biomedical research institutes, has recently chosen Florida as the location for its second major research facility. It is estimated that an additional 6,500 direct and indirect jobs will be created as a result of the industry clustering that is expected to take place surrounding the Scripps Florida nucleus.
State- and regional-level contacts	BioFlorida