Business Florida 2020 - The Regions
Citrus • Hernando • Hillsborough • Manatee • Pasco • Pinellas • Polk • Sarasota
Logistics and Distribution
Tampa Bay has all the elements required of a successful logistics and distribution sector: the state’s largest seaport and one of the nation’s closest deep-water ports to the Panama Canal; a top-rated international airport; superior rail connections; and an extensive interstate highway network that puts 34 million consumers within an eight-hour drive. As a result, many of the most readily recognizable names in distribution — Gordon Food Services, O’Reilly Auto Services, Amazon, Walmart and Wayfair — are already here, and more are on the way. Third-party logistics providers like Blue Grace Logistics, Integrity Express Logistics, Quality Distribution and Total Quality Logistics have also chosen to site facilities here.
So why Tampa Bay? Two words: superior connections …
By air: Three commercial airports serve this region. Tampa International is the largest, handling 21.3 million passengers and 208.9 million tons of cargo in 2018, and offering 252 aircraft departures daily, including non-stops to most major U.S. cities and to London, Zurich, Frankfurt, Amsterdam, Panama City, Cancun and Toronto. Also providing air passenger and cargo service: Sarasota-Bradenton International Airport, serving close to 1.4 million passengers in 2018, and St. Pete-Clearwater International Airport, which set its fourth consecutive record with 2.2 million passengers in 2018.
By sea: Port Tampa Bay, Florida’s largest port by physical size (5,000+ acres) and cargo tonnage, is among the nation’s most diversified, handling all major cargo categories, including liquid and dry bulk, containers, commodities and automobiles. In FY2018, 34.1 million tons of cargo passed through the port, including 87,526 TEUs of containerized cargo. On the southern edge of Tampa Bay, Port Manatee — one of the nearest U.S. deep-water seaports to the expanded Panama Canal — continues to break records. In FY2018, the port handled an all-time high of more than 9.3 million tons, a 19.1% increase over the previous year, and containerized cargo tons were up by 6.1%, reaching a new pinnacle of 385,247.
By rail: Tampa Bay offers 500 miles of active railroad and siding tracks operated by Florida-based CSX, which maintains a major rail yard, intermodal terminal, TRANSFLO terminal and automotive distribution center in Tampa.
By road: Interstate systems I-4, I-75 and I-275 directly link Tampa Bay to Miami, Orlando, Jacksonville, Pensacola and all points in between and beyond. A truck ramp from Port Tampa Bay leads directly to and from I-4, which connects to I-75 less than 10 miles away.
Newly active players in Tampa Bay’s logistics and distribution sector include:
• IKEA – leasing warehouse space in Lakeland to serve as an e-commerce fulfillment center supporting the Tampa, Orlando and Miami markets.
• Amazon – investing $100 million to create a 285,000-sq.-ft. air cargo complex at Lakeland Linder International Airport; Amazon currently operates fulfillment centers in two Tampa Bay locations: Lakeland and Ruskin.
• Home Depot – planning to build an 800,000-sq.-ft. distribution center in Plant City to provide same- and next-day delivery service in more key metro areas.
KEY PLAYERS: Amazon, Seattle, Wa.; Blue Grace Logistics, Riverview; Integrity Express Logistics, Cincinnati, Ohio
Life Sciences and Health Care
Tampa Bay is home to 14% of Florida’s biotech companies and 22% of its pharmaceutical and medicine manufacturing workforce. While familiar names like Amgen, Bristol-Myers Squibb, Quest Diagnostics and Medtronic enjoy success in this region, smaller companies also thrive:
• TouchPoint Medical, a leading producer of automated medication dispensing, will open its new 142,000-sq.-ft. headquarters in Odessa in early 2020.
• MHK, which oversees patient data for health care and managed care providers, opened a new 30,000-sq.-ft. Tampa headquarters in 2019.
• Miami-based Concept Medical, which develops medical devices for cardiac care, is moving its headquarters to Tampa.
• Vycellix, a cancer-therapy development company founded by researchers at the famed Karolinska Institute in Stockholm, has established its U.S. headquarters near Moffitt Cancer Center in Tampa.
Tampa Bay’s thriving health care sector also includes a medical education component. In downtown Tampa, University of South Florida’s CAMLS — Center for Advanced Medical Learning and Simulation — provides hands-on learning opportunities for practicing physicians and medical students and USF’s Morsani College of Medicine and Heart Institute is scheduled to open in early 2020. In Clearwater, The Dr. Kiran C. Patel College of Osteopathic Medicine at Nova Southeastern University’s Tampa Bay Regional Campus welcomed its first students in fall 2019.
Access to health care is growing too:
• Tampa-based Moffitt Cancer Center has partnered with AdventHealth to open a 28,000-sq.-ft. outpatient treatment facility at AdventHealth Wesley Chapel.
• Oak Hill Hospital in Spring Hill will undergo an estimated $38.5-million renovation, expanding its emergency department and adding 70 private rooms to bring its total bed count to 350.
• Sarasota Memorial Health Care System has begun construction on a 350,000-sq.-ft. hospital in Venice that is expected to open in 2021 with 110 beds, 90 private acute-care suites and 28 emergency room beds.
Two Tampa Bay hospitals are among U.S. News & World Report’s “Best Hospitals 2019-20”: Moffitt Cancer Center, a National Cancer Institute-designated Comprehensive Cancer Center, and Tampa General Hospital, which in fall 2018 performed its 10,000th organ transplant. Also cited: Johns Hopkins All Children’s Hospital in St. Petersburg as a “Best Children’s Hospital 2019-20” in two specialties.
KEY PLAYERS: Bristol-Myers Squibb, New York, N.Y.; Johnson & Johnson, New Brunswick, N.J.; WellCare Health Plans, Tampa