Site Expansion - Regional Round-Up: Florida

June 1, 2004
BioPharm International, BioPharm International-06-01-2004, Volume 17, Issue 6

Regional Round-Up: Florida

Key cities and populationsMiami-Ft. Lauderdale-West Palm Beach: 5,255,805; Tampa-St. Petersburg-Clearwater: 2,535,439; Orlando: 1,829,219; Jacksonville: 1,185,201
Targeted industriesLife sciences, information technology, aviation/aerospace, homeland security/defense, financial/professional services; visit
Biopharm employment4,177 (NAICS code: 3254 — Pharm. & Medicine Mfg.)
Academia affiliated with biopharm industryFlorida Agricultural & Mechanical University, Florida Atlantic University, Florida International University, Florida State University, University of Florida, University of South Florida
Primary business strengthsFavorable business tax climate; no state personal income tax; affordable, diverse, and highly-skilled workforce; worldwide connectivity; excellent quality of life; visit
Tax and other incentivesTargeted 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
BioClustersSid Martin Biotechnology Development Incubator
State commitment to biopharm industry and future plans for its growthFlorida 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 contactsBioFlorida

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