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Where
the Climate is Right!
Wall
Street Moves to Tampa Bay
As the
western gateway to the Florida High Tech Corridor, which
stretches from the Gulf of Mexico across central Florida to
the
Space Coast on the Atlantic, Tampa Bay ranks 12th among the
top 50 regions to attract technology companies.
Tampa
Bay, with 3.3 million people and gross domestic product of
close to $80 billion, is one of the largest consumer and retail
markets in the U.S. Job growth rates are twice the national
average and Newsweek magazine projects one million new jobs
in our region between now and 2025. Places Rated Almanac lists
Tampa Bay as one of the most livable metropolitan areas in
the country and we consistently get high marks for our small
business and entrepreneurial environment.
As the
western gateway to the Florida High Tech Corridor, which stretches
from the Gulf of Mexico across central Florida to the Space
Coast on the Atlantic, Tampa Bay ranks 12th among the top
50 regions to attract technology companies. The corridor has
a dozen clusters ranging from software development, semiconductors,
telecommunications, and medical manufacturing to instrumentation,
electronic components, optics and photonics, lasers, and simulation
and training. Business Week rates the high tech corridor as
one of the fastest-growing in the nation, and Florida is sixth
in the nation for the number of technology jobs.
The University
of South Florida is one of the 20 largest educational institutions
in the nation, with its main campus in Tampa and three regional
campuses. USF's affiliation with area hospitals, including
two on campus, make it the center of the region's medical,
biotechnology and bioscience research. Tampa Bay leads the
state in medical patent activity. The Carnegie Foundation
for the Advancement of Teaching has put USF in the top tier
of universities nationally. University of South Florida researchers
continue to set record-breaking years in winning contracts
and grants.
One-third
of all Fortune 500 companies have a presence in our market,
as evidenced by Tampa Bay's growing stature as a financial
services hub. Chase Manhattan Bank's operations in the region
have expanded significantly in the last decade. In 2000, Chase
announced it would bring 2,140 jobs from the New York metro
area in diversified consumer services and treasury solutions.
As the largest facilitator of transactions around the world,
Chase executes $1.5 trillion per day. The Chase move has placed
the Tampa Bay area in the Top 10 corporate relocations in
the world, as cited by Site Selection magazine. Other financial
services brand names in the Tampa Bay region include Citigroup,
Bear Stearns, PricewaterhouseCoopers, Arthur Andersen, Deloitte
& Touche, MetLife, Raymond James Financial, Franklin Templeton,
and Geico.
Combine
a thriving economic climate with pristine beaches and year-round
sunshine and it's obvious that the Tampa Bay area offers the
best of both worlds. There's a relatively low cost of living
with no state income tax and there are unlimited options for
recreation and arts and cultural activities, not to mention
a diversity of housing and lifestyles.
For corporations,
Tampa Bay offers a low cost of doing business, three international
airports and two deepwater ports, a good supply of office
and industrial space, and an excellent telecommunications
infrastructure. All in all, the region continues its ascent
as a major metropolitan market.
Contact
the Tampa Bay Partnership at 800-556-9316 or info@tampabay.org
or visit our Website at www.tampabay.org
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