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October 16, 2017

Business Florida 2018 - The Regions

Affordable and Appealing

| 9/22/2017

Tampa Bay

Tampa Bay’s cost of living in 2016 was the lowest among major metro areas in Florida for the 3rd consecutive year and more than 8% below the national average.

With 114 U.S. utility patents in 2016, University of South Florida ranks 1st among Florida’s public universities and 11th worldwide.

  • Population / 4,630,398
  • Labor Force / 2,159,464
  • Households / 1,973,782
  • Total Earnings / $109.93 bil.
  • Median Per Capita Income / $40,639
  • Total Retail Sales / $68.34 bil.
  • Universities/Colleges / 20
  • Commercial Airports / 3
  • Seaports / 3

For its economy, education, quality of life and more, Tampa earns a spot on WalletHub’s list of “Top 15 Best U.S. Cities to Live In.”

ECONOMIC ACTIVITY

Life Sciences / Health Care

TAMPA In September 2016, Moffitt Cancer Center received the National Cancer Institute’s Comprehensive Cancer Center designation. One of only 48 such institutions in the U.S. and the only facility in Florida to be so designated, Moffitt has launched an $800-million, 10-year expansion program. Construction of a clinical support building is underway with completion slated for mid-2018. Also planned: a new hospital wing, two research buildings and additional outpatient facilities.

TAMPA Global biotechnology company Amgen has opened a 136,000-sq.ft. “capability center” near Tampa International Airport; 450 employees are anticipated by 2019. Amgen develops medicines at facilities in 100 countries to address health conditions for which treatment options are limited.

TAMPA Medical tech firm CareSync brought 150 jobs to its new 51,000-sq.ft. headquarters, opened in December 2016; 350 more jobs are expected by the end of 2017.

ST. PETERSBURG Intellitech relocated its headquarters from Maryland in September 2016. The manufacturer of machinery used in the biotech and pharmaceutical industries expects to create 15 jobs.

TAMPA Orthopedic device manufacturer Corin Group will expand its U.S. headquarters in Tampa with 100 administrative jobs and a capital investment of $500,000 by 2022.

Johns Hopkins All Children’s Hospital in St. Petersburg earned three top rankings on U.S. News & World Report’s “Best Children’s Hospitals 2017-18” list: cardiology and heart surgery (No. 30); orthopedics (No. 40); and neurology and neurosurgery (No. 43).

TAMPA For the ninth consecutive year, U.S. News & World Report’s “Best Hospitals 2017-18” has ranked Tampa General Hospital among the nation’s top 50 for cardiology and heart surgery. Five other TGH specialties cited include diabetes and endocrinology, nephrology and pulmonology.

CLEARWATER Aimmune Therapeutics, a biopharmaceutical firm focused on treatments for life-threatening food allergies, moved into its newly completed manufacturing facility in June 2017. Aimmune produces an investigational biologic oral immunotherapy for desensitization of patients with peanut allergy, which is currently in phase 3 clinical trials.

TAMPA DAS Health will add up to 30 positions in 2018 at its Tampa headquarters. The health IT and management firm, serving more than 1,500 clinicians and 5,000 users, doubled its size in 2016 with the acquisition of ConXit Technology Group and three other companies.

Key Players

BayCare Health System | Clearwater
Bristol-Myers Squibb | Tampa
Johnson & Johnson | Tampa
Moffitt Cancer Center | Tampa
Wellcare Health Plans | Tampa

With an eye toward moving its medical school from north Tampa to a new building downtown, University of South Florida’s Center for Advanced Medical Learning and Simulation is shifting focus to better accommodate students and provide more opportunities for hands-on experience using patient simulators and high-tech medical devices.

Tags: Business Florida

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