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MARCH 2007
![]() ![]() Preserving Paradise (cover) Bill Hailed as Landmark Deal State Banks on Tech Talent Where Is Florida's Growth Going? The Answers May Surprise You Request Information ![]() |
FLORIDA SPOTLIGHT
State Banks on Tech Talent
Projects like these are part of Enterprise Florida's strategy for giving the Sunshine State an extreme makeover. Last year, EFI won approval from the state to fund $30 million worth of Centers of Excellence to foster and commercialize high-tech research. New or expanded Centers of Excellence in Florida this year include programs for Biomolecular Identification and Targeted Therapeutics at USF; Ocean Energy Technology at Florida Atlantic University in Boca Raton; Sustainable Energy at UF; Photonics at UCF; Nano-Bio Sensors at UF; and Advanced Materials at Florida State University in Tallahassee.
EFI secured $200 million for the Florida Innovation Incentive Fund to help close deals last year on the Burnham Institute in Orlando ($155 million in incentives), the Torrey Pines Institute for Molecular Studies in Port St. Lucie ($25 million) and SRI International in St. Petersburg ($20 million). An estimated $43.5 million in state and local incentives are pending on the proposed M2GEN project in Tampa, a joint venture between Merck & Co. and the H. Lee Moffitt Cancer Center & Research Institute. The project teams the world's second-largest drugmaker with the renowned cancer hospital to develop customized cancer treatments. M2GEN will create 165 jobs averaging $80,000 in annual wages. The state continues to secure its fair share of corporate headquarters facilities. In 2006, Florida landed new headquarters for Office Depot in Palm Beach County ($210 million capital investment and 2,180 jobs); Nokia Corp. Latin American Headquarters in Miami-Dade County ($3.6 million, 100 jobs); and Darden Restaurants in Orange County (1,000 jobs). Other growth industries in Florida include aviation/aerospace and financial services. The DayJet Corp. announced that it will invest $96.5 million and create 911 jobs in Palm Beach, Leon, Alachua, Escambia and Polk counties. Fidelity Investments announced a $27-million, 1,200-job investment in Jacksonville, where it was joined by Merrill Lynch ($25 million, 800 jobs). Florida officials say those are welcome jobs, no matter which way the wind blows. |
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