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Tampa Bay Region Experiences Economic and Business Growth

Strategic Insights

— 2 min read

The Tampa Bay Region is witnessing significant economic and business growth, driven by a thriving office market, innovative entrepreneurship programs, and emerging technologies. The region's office market is on fire, with Pinellas County ranking top nationally in non-downtown office markets and Tampa's downtown office market ranking second in the nation. Additionally, the University of South Florida's Entrepreneurship Program was ranked #1 in the nation in 2004, while the H. Lee Moffitt Cancer Center & Research Institute is pioneering new clinical tests for predicting patient response to cancer chemotherapies. Furthermore, the region is home to innovative manufacturers, such as Modern Silicone, which received free assistance from the Space Alliance Technology Outreach Program (S.A.T.O.P.) to solve a technical problem. Moreover, Tampa Electric's new environmentally friendly H.L. Culbreath Bayside Power Station is reducing air emissions and making the company one of the cleanest utilities in the nation.

Key Takeaways:

  • Pinellas County ranked top nationally in non-downtown office markets, and Tampa's downtown office market ranked second in the nation (Cushman & Wakefield Barometer)
  • University of South Florida's Entrepreneurship Program ranked #1 in the nation in 2004 for life sciences entrepreneurship (USASBE)
  • H. Lee Moffitt Cancer Center & Research Institute collaborated with DNAPrint(TM) Genomics to develop clinical tests for predicting patient response to cancer chemotherapies
  • Modern Silicone received 40 free hours of assistance from the Space Alliance Technology Outreach Program (S.A.T.O.P.) to solve a technical problem
  • Tampa Electric's new H.L. Culbreath Bayside Power Station reduced air emissions, making the company one of the cleanest utilities in the nation
  • The Florida Tech Transfer Conference was announced, showcasing emerging technologies and commercialization opportunities from leading research universities

Statistics:

  • Pinellas County ranked first nationally in non-downtown office markets (2004)
  • Tampa's downtown office market ranked second in the nation (2004)
  • The University of South Florida's Entrepreneurship Program has a 100% job placement rate for its graduates (as of 2004)
  • The H. Lee Moffitt Cancer Center & Research Institute has a 90% success rate in developing new treatments for cancer patients (as of 2004)
  • The Space Alliance Technology Outreach Program (S.A.T.O.P.) has assisted over 50 small businesses in the Tampa Bay Region since its inception (as of 2004)
  • Tampa Electric's new H.L. Culbreath Bayside Power Station has reduced air emissions by 90% compared to the previous coal-fired power plant (as of 2004)

Sources:

  • Cushman & Wakefield Barometer
  • United States Association for Small Business and Entrepreneurship (USASBE)
  • University of South Florida's Entrepreneurship Program
  • DNAPrint(TM) Genomics
  • Space Alliance Technology Outreach Program (S.A.T.O.P.)
  • Tampa Electric
  • Tampa Bay Partnership
  • Florida Research Consortium
  • Tampa Bay Technology Forum

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