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Southeast: Evolving Possibilities

Life sciences, technology, maritime and more give distinctive flavor to Florida's Southeast.

Southeast Florida
Demographics for the Southeast Region can be found at Business Florida's interactive map of Florida.
Southeast Florida Resources:

Universities/Colleges
• Barry University
• Broward College
• Florida Atlantic University
• Florida Career College
• Florida International University
• Florida Keys Community College
• Florida Memorial University
• Indian River State College
• Keiser University
• Lynn University
• Miami Dade College
• Nova Southeastern University
• Palm Beach Atlantic University
• Palm Beach Community College
• St. Thomas University
• University of Miami

Airports
• Fort Lauderdale- Hollywood International Airport
• Key West International Airport
• Marathon (Florida Keys) Airport
• Miami International Airport
• Palm Beach International Airport

Seaports
• Port Everglades
• Port of Fort Pierce
• Port of Key West
• Port of Miami-Dade
• Port of Palm Beach

Southeast Florida is undergoing an evolution of sorts, with biotech and life sciences taking center stage. Scripps Florida and Torrey Pines Institute for Molecular Studies have new company these days as the Max Planck Society and the Mann Center make plans to move in to burgeoning industry clusters. At the same time, a variety of smaller, lesser-known companies representing long-time sectors like aviation, healthcare and marine industries are finding sharply lower housing costs, a commitment to education and widespread conditions favorable for growth.

MIAMI-DADE COUNTY

International Flair: Miami-Dade County’s economic landscape is home to 1,000 multinational companies (up from 200 a decade ago). Among the newcomers is Caja Madrid, which in April 2008 spent $927 million to acquire 83% of Miami-based City National Bank of Florida. The move gave this 300-year-old savings bank — and its $250 billion in assets — a base of operations in Miami. Closer to home, Goya Foods of Florida, the country’s largest Hispanic-owned food company, had pondered moving its 300 people to a new location; instead, Goya will invest $26 million to expand its present facilities by 120,000 square feet, thanks, in part, to assistance from The Beacon Council, Miami-Dade’s economic development partnership, in identifying available incentives.

Tourism remains a strong force in Miami-Dade. The long-time beachfront icon — Fontainbleau Miami Beach — will add 1,500 new jobs as it completes a $1-billion expansion/facelift and reopens in November 2008.

More from Miami-Dade County:

Building a Name in Biosciences: Miami-Dade is home to Florida International University and the University of Miami, plus some 1,500 life sciences companies, employing 17,000 workers and generating more than $2.3 billion in total annual revenue. Two New Jersey-based healthcare and research firms in this sector have plans to expand. Schering-Plough Corporation will add 10,000 square feet to its Miami facility. DB Biosciences, a division of Becton, Dickinson and Company, will spend $20 million to refurbish the vacant IVAX Pharmaceuticals location off Interstate 95 in North Miami. An additional 75 high-wage jobs will result.

The University of Miami Leonard M. Miller School of Medicine is positioning Miami as the next leading biotech center — akin to Research Triangle Park and Silicon Valley. A new 1.4-million-square-foot Life Science Park is envisioned near Jackson Memorial Hospital, where companies and UM researchers can collaborate on cutting-edge projects.

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