Where the Climate is Right!

Wall Street Moves to Tampa Bay


As the western gateway to the Florida High Tech Corridor, which
stretches from the Gulf of Mexico across central Florida to the
Space Coast on the Atlantic, Tampa Bay ranks 12th among the
top 50 regions to attract technology companies.

Tampa Bay, with 3.3 million people and gross domestic product of close to $80 billion, is one of the largest consumer and retail markets in the U.S. Job growth rates are twice the national average and Newsweek magazine projects one million new jobs in our region between now and 2025. Places Rated Almanac lists Tampa Bay as one of the most livable metropolitan areas in the country and we consistently get high marks for our small business and entrepreneurial environment.

As the western gateway to the Florida High Tech Corridor, which stretches from the Gulf of Mexico across central Florida to the Space Coast on the Atlantic, Tampa Bay ranks 12th among the top 50 regions to attract technology companies. The corridor has a dozen clusters ranging from software development, semiconductors, telecommunications, and medical manufacturing to instrumentation, electronic components, optics and photonics, lasers, and simulation and training. Business Week rates the high tech corridor as one of the fastest-growing in the nation, and Florida is sixth in the nation for the number of technology jobs.

The University of South Florida is one of the 20 largest educational institutions in the nation, with its main campus in Tampa and three regional campuses. USF's affiliation with area hospitals, including two on campus, make it the center of the region's medical, biotechnology and bioscience research. Tampa Bay leads the state in medical patent activity. The Carnegie Foundation for the Advancement of Teaching has put USF in the top tier of universities nationally. University of South Florida researchers continue to set record-breaking years in winning contracts and grants.

One-third of all Fortune 500 companies have a presence in our market, as evidenced by Tampa Bay's growing stature as a financial services hub. Chase Manhattan Bank's operations in the region have expanded significantly in the last decade. In 2000, Chase announced it would bring 2,140 jobs from the New York metro area in diversified consumer services and treasury solutions. As the largest facilitator of transactions around the world, Chase executes $1.5 trillion per day. The Chase move has placed the Tampa Bay area in the Top 10 corporate relocations in the world, as cited by Site Selection magazine. Other financial services brand names in the Tampa Bay region include Citigroup, Bear Stearns, PricewaterhouseCoopers, Arthur Andersen, Deloitte & Touche, MetLife, Raymond James Financial, Franklin Templeton, and Geico.

Combine a thriving economic climate with pristine beaches and year-round sunshine and it's obvious that the Tampa Bay area offers the best of both worlds. There's a relatively low cost of living with no state income tax and there are unlimited options for recreation and arts and cultural activities, not to mention a diversity of housing and lifestyles.

For corporations, Tampa Bay offers a low cost of doing business, three international airports and two deepwater ports, a good supply of office and industrial space, and an excellent telecommunications infrastructure. All in all, the region continues its ascent as a major metropolitan market.

Contact the Tampa Bay Partnership at 800-556-9316 or info@tampabay.org or visit our Website at www.tampabay.org