Consistently touted as one of the best places to live and work in America, business is booming in the Tampa Bay area. Newsweek Magazine dubbed the region one of the "10 best parts of the country to find a job in the next 25 years." Japan's Nomura Research Institute called it "one of two of the world's major emerging financial centers" and Entrepreneur Magazine proclaimed it as one of the U.S.'s "best cities for entrepreneurship."
So why is the Tampa Bay metro area thriving while other large cities are struggling? Some say it's the availability of a multi-lingual work force. Many attribute it to the area's thriving economy while others say it's the diverse business mix present in the region. Some attest to the fact that it's simply the pleasant weather. But, whatever the reason, the fact remains that the Tampa Bay area's business community is growing in leaps and bounds.
A number of different industries are showing a strong presence in this region of the South. Attracted by the relatively lower cost of living and other positive attributes of the area, leaders in industries such as bioscience, financial services, and manufacturing and distribution are touting the advantages of setting up shop in Tampa and its surrounding environs.
Tampa's economy is a mix of tourism, agriculture, light manufacturing, services and business. The Port of Tampa is the seventh largest in the nation, and in addition to commercial traffic, it hosts several cruise lines.
The bioscience business sector is one of the fastest growing in the area. Industry members include pharmaceutical companies, medical equipment manufacturers, healthcare services and products, medical software companies, and research laboratories. Currently, more than five dozen of these industry leaders have offices in the Tampa metro area. They include such names as:
The financial services cluster continues to grow in the Tampa Bay region. Supported by excellent employees emerging from top-notch educational institutions in the area, the financial services industry can recruit locally, therefore keeping costs at a minimum. Add to that state and local tax incentives and you have an area that's perfect for this industry. Some recognizable names in financial services that boast offices in the Tampa Bay area include:
According to the local Chamber of Commerce, more than 600 large and small manufacturers employ thousands in the metro area. Much of the reason for Tampa's stronghold on manufacturing and distribution is due to its location and the fact that it's one of the busiest port cities in the Southeastern U.S. and the largest in Florida. As a matter of fact, Tampa is now the seventh largest port in the nation. Some manufacturing success stories in the Tampa metro area include:
Attracted by the fine weather, top-notch workforce, affordable cost of living, and excellent educational institutions, several U.S. companies have chosen to call the Tampa Bay area home. They include: