April 16, 2014

Business Florida 2013 - The Regions

Northwest Florida

Fort Walton Beach, Panama City, Pensacola, Tallahassee

| 9/20/2012

ECONOMIC LIFE

Renewable Energy
National Solar Power (NSP) plans to build the Southeast’s largest solar energy farm in Gadsden County. When completed in approximately five years, the $1.5-billion, 400-megawatt project will power 32,000 homes. NSP plans a second, smaller solar farm in adjacent Liberty County.

Research & Development
A $2.5-million “split magnet” system now operational at The National High Magnetic Field Laboratory at Florida State University is 43% more powerful than the previous record-holding mag­net and will be used for optics, nanoscience and semicon­ductor research.

Aviation/Defense
The military accounts for 35% of gross regional output (47% in Okaloosa County, home to Eglin AFB). Approximately 179,000 jobs in the region depend in part on Department of Defense spending, including those at 500-plus private-sector companies. Recent activity:

• Maryland-based North Eastern Aeronautical, manu­facturer of unmanned aerial systems, has opened an office in Niceville to be near Eglin and Tyndall Air Force Bases.

• Avalex Technologies, manu­facturer of airborne surveil­lance systems, has moved into a new $10-million, 53,000-sq.-ft. headquarters in Gulf Breeze.

• The National Flight Academy, a $35-million STEM-focused educational institution in Pensacola, teaches science, technology, math and engineering skills to middle- and high-school students by immersing them in real-life aviation-related role-playing scenarios.

QUALITY OF LIFE

Ready to play?
Northwest Florida’s superb climate lends itself to year-round golfing, fishing and boating; its Gulf Coast beaches are consistently ranked among the world’s best. For sports enthusiasts, Pensacola has its first AA baseball team — the Blue Wahoos — and a new 5,000-seat ballpark on the downtown waterfront where an amphitheater, new hotels and office buildings, walkways and gardens are also planned.

Feeling lucky?
Head to Gretna where the Porach Band of Creek Indians has opened a $20-million entertainment center featuring a poker room and barrel racing with the five-year goal of building a complete resort casino, including hotels, equestrian center, quarter-horse racing and 2,000 slot machines.

Tags: Business Florida, Northwest

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single ditgital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Terry Tomalin and the Great Skunk Ape
Terry Tomalin and the Great Skunk Ape

In Part Two of our interview with Terry Tomalin, Fitness-Outdoor Editor for the Tampa Bay Times, Tomalin regales with tales of Florida's wild side... and the chance to encounter Florida's famous resident cryptozoological creature.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Prices have been increasing on beef and pork. How will this impact your grocery bill?

  • Greatly: I will be spending more because I buy a lot of beef and pork
  • Some: I will likely be switching to cheaper cuts or to poultry
  • Not much: I have been cutting back on meat anyway
  • Not at all: I don't eat beef or pork

See Results

Ballot Box
Subscribe