Next Generation Metro WELCOME to TAMPA BAY

TAMPA BAY Next Generation Metro WELCOME TO TAMPA BAY

BY LAND, SEA OR AIR.

Strategically located on the west coast of Florida, we deliver a cost-competitive business environment, a high tech workforce and world-class infrastructure and amenities. We are the ideal North American desti- nation to provide your business with access to Latin America and the growing markets of the Southeast United States, including the densely populated Central Florida region.

2 TAMPA HILLSBOROUGH ECONOMIC DEVELOPMENT CORPORATION I TAMPAEDC.COM PAGEWELCOME HEADER

Downtown Tampa skyline

TAMPA BAY: NEXT GENERATION METRO 3 INTRODUCTION

COMMUNITY PROFILE  Tampa Bay generally refers to the Tampa TOTAL MSA POPULATION: Metropolitan Statistical Area (MSA), which includes the principal cities of Tampa, St. Petersburg and Clearwater and the counties of Hillsborough and Pinellas in which they are located. Pasco and Hernando counties are also 2.9 MILLION in the MSA. We are the 18th largest metro area in the United States, and the second largest in Florida, a rapidly growing state with the 18th largest economy in the world. CORPORATE PRESENCE Tampa Bay is powered by top companies with local TOTAL MSA roots and global impact. Some of the most recognized names in international business have a presence here, LABOR FORCE: spanning a diverse assortment of industry sectors. 1.4 MILLION TAMPA-ST. PETERSBURG-CLEARWATER MSA

PINELLAS HILLSBOROUGH COUNTY COUNTY 75 Temple MEDIAN AGE: Terrace Tampa Intl. 4 Airport (TPA) Plant City Clearwater TAMPA Brandon 35 36 37 38 39 St. Pete-Clearwater Port Tampa Intl. Airport (PIE) Bay MacDill Air COLLEGE St. Petersburg Force Base DEGREE 275 Sun City 75 Center HOLDERS: 31% RECENT EXPANSIONS AND RELOCATIONS

Tampa Bay is one of the hottest markets in the country for corporate expansion and relocation. Since 2010, roughly 350 companies have invested in our community, creating over 29,000 new jobs and more than $1.8 billion in capital investment. ÇÇ Ashley Furniture Industries selects Tampa for Ashcomm, LLC, its new U.S. e-commerce headquarters ÇÇ Bristol-Myers Squibb opens North America Capability Center in Tampa ÇÇ Johnson & Johnson chooses Tampa for North American shared services headquarters.

4 TAMPA HILLSBOROUGH ECONOMIC DEVELOPMENT CORPORATION I TAMPAEDC.COM

75 INTRODUCTION

MAJOR EMPLOYERS IN TAMPA BAY FAST FACT ¾¾ Amazon ¾¾ Jabil THE TAMPA-ST.PETERSBURG-CLEARWATER ¾ ¾ MSA IS PROJECTED TO GROW NEARLY ¾ Bausch + Lomb ¾ JPMorgan SEVEN PERCENT IN THE NEXT FIVE YEARS, Chase ¾¾ Bloomin' Brands AND MORE THAN 28 PERCENT BY 2040. ¾¾ Johnson & ¾¾ Bristol-Myers Johnson Squibb ¾¾ Nielsen QUALITY LIFESTYLE ¾¾ Citi ¾¾ PwC ÇÇ Our lifestyle and affordability make it easy to attract ¾¾ Coca-Cola and retain top talent. Refreshments ¾¾ Raymond James ÇÇ We offer three distinct downtown business districts and 35 miles of the best beaches in the world. ¾ Financial ¾ Cognizant ÇÇ The cost of living index in the Tampa metro area ¾¾ Raytheon (92.6) is the lowest among all major markets in the ¾¾ Covidien Southeast U.S. ¾¾ Sykes Ç ¾¾ DTCC Ç The average home price is $159,000. ¾¾ Tech Data ÇÇ We’re among the Top 5 locations in the country ¾¾ GE Aviation “Where People Are Moving Now.” ¾ Ç ¾ ¾ USAA Ç Tampa is ranked one of “America’s 50 Best Cities” ¾ Gerdau and scores in the Top 20 for “Most Livable Cities in ¾¾ Valpak America.” ¾¾ Honeywell ¾¾ HSN

TAMPA BAY: NEXT GENERATION METRO 5 TESTIMONIAL  Ashcomm, LLC MAJOR INDUSTRY SECTORS “We found everything we were TAMPA BAY IS A DRIVING FORCE BEHIND FLORIDA’S POSITION AS THE NUMBER ONE STATE looking for here: FOR INNOVATION.

a rich supply of  Leveraging our natural, intellectual and economic FINANCIAL AND PROFESSIONAL SERVICES local e-commerce resources, we’ve developed competitive strengths Tampa Bay is a strategic center of growth for the finan- across a diverse range of high tech, high-value industry cial and shared services operations of major companies professionals, the sectors. around the world. Nearly one in four business and perfect building information services firms in Florida are located within AVIATION AND AEROSPACE our region, including some of the biggest names in to house our Tampa Bay is the birthplace of commercial aviation and banking, finance, and insurance. U.S. e-commerce the headquarters of the National Aviation Academy,  TOP COMPANIES: Citi, DTCC, JPMorgan Chase, with an influential cluster of major aircraft and aircraft MetLife, New York Life, PwC, Raymond James headquarters as components manufacturers. Financial.  TOP COMPANIES: Aerosonic, CAE, GE Aviation, L-3, well as other retail Lockheed Martin. operations, and DEFENSE AND SECURITY the opportunity to As the site of MacDill Air Force Base and U.S. Special contribute to the Operations Command, Tampa Bay is a leader in the growing convergence of defense and technology, a top revitalization of location for defense contractors, and home to one of the Ybor City." largest veteran labor forces in the United States.  TOP COMPANIES: General Dynamics, Harris — Todd Wanek, CEO, Corporation, Honeywell, Northrop Grumman, Ashley Furniture Industries Raytheon.

6 TAMPA HILLSBOROUGH ECONOMIC DEVELOPMENT CORPORATION I TAMPAEDC.COM MAJOR INDUSTRY SECTORS

FAST FACT TAMPA BAY IS ALSO AN EMERGING POWERHOUSE IN FILM AND DIGITAL MEDIA PRODUCTION, WITH A LONG LIST OF CREDITS THAT INCLUDE HOLLYWOOD BLOCKBUSTERS LIKE DOLPHIN TALE AND THE BRYAN CRANSTON CRIME DRAMA, THE INFILTRATOR. IN 2014, WE ATTRACTED INTERNATIONAL ATTENTION AS THE FIRST LOCATION IN THE U.S. TO HOST THE IIFA BOLLYWOOD OSCARS.

INFORMATION TECHNOLOGY SUCCESS STORY ✎ The Florida High Tech Corridor, anchored by the Tampa Bay region, is one of the top tech job hot spots in the United THUNDERDOME States. The various fields within the IT sector are well- represented throughout the Corridor’s nearly 5,000 IT In 2015, military and companies which employ more than 43,000 people and civilian leaders launched generate a total payroll of more than $3.4 billion. Thunderdome, a unique  TOP COMPANIES: Cognizant, IBM, Syniverse, innovation accelerator Tech Data, Tribridge. driven by United States LIFE SCIENCES AND MEDICAL DEVICES Special Operations Command (USSOCOM), Tampa Bay is a major market for Florida’s fast-growing life that positions Tampa Bay sciences industry, which includes more than 5,400 companies and supports close to 80,000 jobs. Nearly 15 as the epicenter of develop- percent of Florida’s biotech companies and 22 percent of ment for new industrial, military, the pharmaceutical and medical manufacturing workforce and consumer technologies. can be found in Tampa Bay. A multidisciplinary partner-  TOP COMPANIES: Baxter, Bausch+Lomb, Bristol-Myers ship between academia, Squibb, ConMed Linvatec, Covidien, Johnson & Johnson. business and government, Thunderdome will align the MANUFACTURING technology transfer capabilities Tampa Bay has the second largest base of manufacturing of our regional universities employment in Florida, including more than 2,000 manu- with the technology transfer facturing firms employing over 60,000 people. From precise offices of all service military specifications to the creation and development of branches of the United medical devices and manufacturing in highly regulated industries, our businesses are advancing modern manufac- States Department of turing technology and making an impact across the globe. Defense to create  TOP COMPANIES: Chromalloy Castings, GE Energy the largest pool of Management, Jabil, James Hardie, Masonite, Transitions patents in the world. Optical.

TAMPA BAY: NEXT GENERATION METRO 7 CONNECTIVITY WITH A MULTI-MODAL TRANSPORTATION SYSTEM THAT SUPPORTS NEARLY 20 MILLION RESIDENTS AND 100 MILLION VISITORS EACH YEAR, FLORIDA’S INFRASTRUCTURE IS RANKED #2 IN THE NATION, AND THE TAMPA BAY REGION IS ITS CENTRAL HUB.

 TAMPA INTERNATIONAL AIRPORT (TPA), located TPA offers nonstop access to major cities worldwide, just 15 minutes from Tampa’s downtown business dis- with 257 daily departures to 80 domestic and interna- trict, is one of the most convenient and efficient airports tional destinations, as well as world-class corporate in the country for business travel. Recognized as the #2 aviation services with separate customs and border airport in the U.S. by Condé Nast Traveler and Travel & protection facilities. Leisure magazines, TPA provides global access to 18 International direct flights include service to major million passengers each year. The airport is currently business destinations such as Frankfurt, London, investing in a $1 billion expansion and renovation pro- Montreal, Ottawa, Panama City, Toronto, and Zurich. gram, which will add a new off-site rental car facility, as Tampa International Airport also provides direct service well as a monorail, hotel and office buildings. to three cities in Cuba and the Bahamas. >> KEY DIRECT ROUTES FROM TAMPA INTERNATIONAL AIRPORT (TPA)*

-3 -2 -1 EST +1 +2 +3 +4 +5 +6

London Frankfurt

Seattle Minneapolis/ Zurich St. Paul Montreal Toronto Chicago Detroit Boston Denver New York Las Vegas Washington D.C. Memphis Nashville Los Angeles Dallas/ Charlotte Ft. Worth Atlanta Phoenix TAMPA Austin Houston INTERNATIONAL NONSTOP FLIGHTS FROM TAMPA: Marsh Harbour Miami  Frankfurt, Germany (FRA)  Grand Cayman, Havana Cayman Islands (GCM) Holguin  London, UK (LGW) Santa Clara  Havana, Cuba (HAV) Grand Cayman San Juan  Zurich, Switzerland (ZRH)  Holguin, Cuba (HOG)  Ottawa, Canada (YOW)  Santa Clara, Cuba (SNU)  Montreal, Canada (YUL) Panama City  Panama City,  Toronto, Canada (YYZ) *not all flights or routes shown Panama (PTY)

FAST FACT THE MAXIMUM TIME DIFFERENCE BETWEEN TAMPA BAY AND ANY LOCATION IN NORTH AMERICA, SOUTH AMERICA OR EUROPE IS ONLY SIX HOURS. OUR CONVENIENT GEOGRAPHIC LOCATION WITHIN THE EASTERN TIME ZONE WILL ALLOW YOU TO EASILY CONNECT WITH BOTH YOUR HOME OFFICE AND YOUR TARGET CUSTOMERS DURING STANDARD BUSINESS HOURS.

8 TAMPA HILLSBOROUGH ECONOMIC DEVELOPMENT CORPORATION I TAMPAEDC.COM 10 TALLAHASSEE JACKSONVILLE CONNECTIVITY

FAST FACT ORLANDO OUR EXTENSIVE INTERSTATE NETWORK 4

PROVIDES ACCESS TO MORE THAN 33 MILLION 275 TAMPA BAY CONSUMERS WITHIN AN EIGHT-HOUR DRIVE. 95

75 >> The convenient and easy to navigate ST. PETE- CLEARWATER INTERNATIONAL AIRPORT (PIE) served MIAMI over 1.24 million passengers in 2014 and offers 50 nonstop flights to destinations throughout the United States and Canada. SUCCESS STORY ✎ PORT TAMPA BAY PORT TAMPA BAY is the largest seaport in Florida in U.S. destinations through the CSX Rail Network, and a DTCC terms of both tonnage and geographic area, handling five-year plan is now in place to invest $380 million in DTCC originally over 36 million tons of cargo per year and encompassing docks, terminals and navigational improvements. This over 5,000 acres. Port Tampa Bay is the nation’s closest effort includes a phased build-out that will quadruple the selected Tampa as deepwater gateway to the Panama Canal and an unpar- size of the container terminal to more than 160 acres and the site of a redun- alleled point of connection to Latin America. It is also one introduce new post-Panamax gentry cranes by 2016. dant operations of the most diverse seaports in the country with multiple Large tracts of property with exceptional deep water, center with 300 jobs lines of business providing a solid financial footing and highway and rail access are also zoned and available for a few years after supporting an aggressive capital investment program for immediate manufacturing and industrial development. September 11th new development. impacted the New The gateway for Central Florida’s energy products, DATA/TELECOMMUNICATIONS York financial construction/building materials and consumer goods, Tampa Bay also features some of the most advanced markets. Now, a Port Tampa Bay is also one of the world’s premier fertil- data centers and communications networks in the decade later, the site izer export ports, one of the largest shipbuilding and country. With a high concentration of major financial stands as a fully- TAMPA repair centers in the Southeast U.S. and a major home- services operations, our community is a frequent test integrated business port for cruise vessels. market for the deployment of advanced technology, The new Tampa Gateway Rail Terminal extends Port making local businesses among the first in the nation to operations unit with Tampa Bay’s reach to the Midwest, Northeast, and other access cutting edge infrastructure enhancements. nearly 1,000 staff and counting, who are conducting finance, Rendering of Tampa legal, human International Airport's resources, marketing, new expansion audit, and IT operations. Executives cited a knowledgeable workforce, educa- tional resources, affordable cost of living, and support from local government as key factors in their decision to grow operations here.

TAMPA BAY: NEXT GENERATION METRO 9 GLOBAL REACH

FAST FACT THE TAMPA BAY FOREIGN TRADE ZONE (FTZ) NETWORK MAKES INTERNATIONAL TRADE EASIER AND MORE COST EFFECTIVE FOR QUALIFYING BUSINESSES, BY STREAMLINING THE PROCESS AND MINIMIZING THE EXPENSES ASSOCIATED WITH IMPORTING, EXPORTING, MANUFACTURING AND FLORIDA’S DISTRIBUTION ACTIVITIES. OUR FTZ FASTEST NETWORK ENCOMPASSES THE ENTIRE GROWING CONSUMER METRO AREA AND ALLOWS COMPANIES MARKET AND TO ESTABLISH OPERATIONS VIRTUALLY GATEWAY TO ANYWHERE WITHIN THE REGION. LATIN AMERICA

The Tampa Bay/ HISTORY AND HERITAGE INTERNATIONAL TRADE Orlando I-4 Corridor  Tampa Bay has a rich history of cultural diversity Tampa Bay is a top export location within the United super region is home to and multinational heritage. Generations of residents States, and the second largest exporter in Florida, with over 8 million people from Cuba, Italy, Spain, Germany and Greece were merchandise shipments totaling $6.7 billion in 2013, and welcomes over 60 attracted by the opportunity to grow and prosper here, according to the U.S. Department of Commerce million tourist visitors building the foundation for our strong, thriving economy. International Trade Administration. per year, making it a We now have 134 different international ancestries More than one-third of exported goods went to represented within our community, and more than 17 Mexico, while other major export markets included huge consumer market. percent of the population is bilingual. Canada, Brazil, China, and the United Kingdom. Just over The area has the largest 38 percent of exports from our region included >> concentration of INTERNATIONAL INVESTMENT distribution centers in The Tampa Bay area is home to a reported 480 foreign- Florida and is the owned companies from 41 nations, employing an fastest growing part of estimated 41,500 workers. Our top investor nations the state. Tampa Bay’s include the United Kingdom, Canada, Germany, Japan SUCCESS STORY ✎ close proximity to Latin and France. America (and Asia via Foreign companies interested in expanding or relocat- AMALIE OIL COMPANY the expanded Panama ing to Tampa Bay will benefit from the hands-on A tenant of Port Tampa Bay, Amalie Oil Company is Canal) makes it a assistance of our local economic development partners. perfectly situated These market experts can coordinate a variety of servic- North America’s largest privately held producer of es on your behalf, including customized site searches for motor oils and industrial lubricants. Products platform to serve available buildings, information on projected taxes and include automotive oils, transmission fluids, brake export markets operating expenses, as well as review your qualification fluids, coolants, etc. and are shipped to over 100 throughout the for available incentives. countries around the world and all U.S. states. hemisphere.

10 TAMPA HILLSBOROUGH ECONOMIC DEVELOPMENT CORPORATION I TAMPAEDC.COM GLOBAL REACH

MAJOR FOREIGN-OWNED COMPANIES IN TAMPA BAY TESTIMONIAL  BRISTOL-MYERS SQUIBB

Bristol-Myers Squibb evaluated 50 U.S. metro areas before and ultimately choosing Tampa for its North America Capability Center. The Center houses scientists, IT experts, business and accounting managers, and human resource professionals in an experimental mix BRAZIL GERMANY FRANCE to help the global corporation become more efficient in ¾ ¾ ¾ delivering quality drugs to the marketplace. ¾ Gerdau ¾ Bauer ¾ Bic Foundation Corp. ¾¾ Essilor ¾ “We saw this as an opportunity for ¾ Brenntag ¾¾ L'Oreal us to gain experience in an area where we Mid-South, Inc. could be a life science employer of choice.” ¾¾ IFCO Systems US ¾¾ Korber AG — Lee Evans, Head of Bristol-Myers Squibb’s ¾¾ Kusser North America Capability Center & Global Granitwerke Capability Center Operations CANADA ¾¾ Linde ¾ ¾¾ CAE USA, Inc. ¾ Melitta IRELAND ¾¾ Schauenberg ¾¾ Cott Beverages, ¾¾ APAC Southeast >> computer and electronic products, with other export Inc. ¾¾ Seitz, Inc. categories including chemicals, transportation equip- ¾¾ James Hardie ment, non-electrical machinery, and food products. ¾¾ Emera ¾¾ Siemens Industry Once your business establishes a presence in Tampa ¾¾ Stantec Inc. Bay, we’ll connect you with valuable community ¾ ¾¾ TD Bank ¾ TÜV SÜD resources to help facilitate your access to Latin America America, Inc. and other growing trade markets. ¾¾ Valeant ¾ Pharmaceuticals ¾ Zeppelin TAMPA BAY EXPORT ALLIANCE Systems USA The Tampa Bay Export Alliance (TBEA) is a cooperative effort of the Tampa Hillsborough Economic Development Corporation and Pinellas County Economic NETHERLANDS Development. We work together to help Tampa Bay ¾¾ Aegon companies grow their business internationally. ¾¾ Nielsen The TBEA works closely with our federal, state and local entities to offer a seamless network of support, SWITZERLAND focusing on the particular needs of the companies and AUSTRALIA ¾ international stakeholders within our region. Cited by ¾ Ameropa North ¾¾ Cardno industry experts as a best-practice example of interna- America tional partnership, the TBEA is a successful, sustainable ¾¾ Davidoff and results-driven model for regional collaboration. From informational sessions on doing business inter- ¾¾ Nestlé S.A. nationally, to trade missions and Gold Key matchmaking ¾¾ Ruag Ammotec events, to market intelligence and export counseling, the USA Inc. TBEA offers the tools and resources to help you open MEXICO SWEDEN new business channels via export and trade. Learn more ¾¾ UBS Financial at tampabayexportalliance.com Services, Inc. ¾¾ Cemex ¾¾ Skanska USA

TAMPA BAY: NEXT GENERATION METRO 11 WORKFORCE

AN EXCEPTIONAL WORKFORCE IS THE CORNERSTONE OF OUR COMMUNITY, AND THE DEPTH AND BREADTH OF TALENT IN TAMPA BAY ENSURES YOU’LL FIND AN ABUNDANCE OF QUALIFIED CANDIDATES TO FULFILL YOUR EMPLOYMENT NEEDS.

 Tampa Bay has the second largest labor base in Florida. We’re one of the fastest growing metro areas in the country, and recognized as one of the best communities for millennials, a population segment that is growing 13 percent faster in Tampa Bay than the nation as a whole. Our median age is 37 and over half of the population is between the ages of 18 and 54. Thirty-one percent of offers learning opportunities to working adults, and our residents have earned a bachelors degree or higher, serves as a support center for online students TESTIMONIAL  and our local colleges and universities produced over throughout the world. 35,000 new graduates in 2014. U.S. News & World Report ranked Eckerd College CITI #124 of private liberal arts colleges in the United Citi has been in Tampa Bay HIGHER EDUCATION States. for more than 30 years. Tampa Bay is home to nearly 80 colleges, universities Hillsborough Community College is a leading The Tampa campus, which and technical schools, training the students of today for two-year institution in associate degrees awarded, employs over 5,000, is the jobs of tomorrow. and assists businesses with a comprehensive corpo- the global hub of Citi’s The University of South Florida is one of the largest rate training and continuing education division. anti-money laundering universities in the nation, with 48,000 students and St. Petersburg College is ranked #7 in the nation in operations. Over 1,200 more than 2,000 faculty members, researchers and associate degrees awarded in liberal arts and scienc- technologists work on teachers. It’s also one of the most globally diverse, with es, general studies and humanities. everything from the more than 2,600 international students and 200 Ringling College of Art and Design is among the company’s technology research scholars from 138 different countries. world’s top-ranked schools for computer animation infrastructure to Named one of “America’s Best Colleges” by Forbes, and the #1 “Most Wired Campus” according to U.S. application development. nearly a quarter of the University of Tampa’s graduate News & World Report. students come from nations outside the United States, encouraging opportunities for diverse cultural and edu- RECRUITMENT AND TRAINING “It’s been easy to cational exchange. Our workforce recruitment and training assistance recruit nationally for Saint Leo University is a Top 10 provider of higher will allow you to establish local operations in less time, education to the military. Its Tampa Education Center at a lower cost. Working with CareerSource Tampa >> people to move to Tampa…[and] local universities are a FAST FACT huge generator of USF IS THE FASTEST GROWING RESEARCH UNIVERSITY IN THE UNITED STATES, talent.” — Gregg Morton, AND HAS BEEN RANKED AMONG THE TOP 15 U.S. PATENT-GENERATING President of Citi’s Tampa UNIVERSITIES IN THE WORLD FOR FIVE CONSECUTIVE YEARS. campus

12 TAMPA HILLSBOROUGH ECONOMIC DEVELOPMENT CORPORATION I TAMPAEDC.COM WORKFORCE

TAMPA-ST. PETERSBURG-CLEARWATER MSA FAST FACT MAJOR INDUSTRY EMPLOYMENT NEARLY 2 OUT OF 3 FLORIDA PUBLIC

UNIVERSITY 17% Professional & Business Services GRADUATES 16% Education & Health Services 13% Retail Trade STAY AND 12% Total Government WORK IN 12% Leisure & Hospitality THE STATE. 6% Finance and Insurance 5% Construction 5% Manufacturing 4% Other Services 4% Wholesale Trade >> Bay and CareerSource Pinellas, we offer programs 2% Real Estate, Rental, & Leasing that help you recruit and train new employees, and 2% Information maintain and expand the skills of your existing 2% Transportation, Warehousing, Utilities workforce. Enhancing the competitiveness of our regional work- Information as of July 2015 force is a top priority in Tampa Bay. In recent years, our leading business and economic development organiza- tions joined together to identify current and future employer needs in key high-growth industries, including information technology and manufacturing. Through this effort, we’ve created new workforce development opportunities, including apprenticeships, on-the-job training, and fellowships, as well as programs for con- TESTIMONIAL  tinuing professional education and partnerships with local colleges and national universities. Cognizant HILLSBOROUGH COUNTY MANUFACTURING ACADEMY Global technology services giant Cognizant announced plans to expand its operations in Tampa in December 2014. The company is doubling its local workforce, Created to ensure a steady pipeline of manufacturing adding more than 400 new employees to provide business process services, workforce talent, the Hillsborough County application development, and systems maintenance for U.S. corporations in the Manufacturing Academy trains local high school stu- financial services, insurance, and health care industries. dents to pursue careers in high-demand trades such as welding, machining and industrial maintenance and repair. “Florida and the Tampa area are an attractive place to do The program uses a hands-on approach to leverage the expertise, network and resources of several work- business given the robust infrastructure that has been created force partner agencies including Hillsborough County for technology companies, and the rich talent pool fed by the Schools, Hillsborough Community College, the University of South Florida, CareerSource Tampa Bay, private sec- state’s 12 universities and concentration of highly skilled military tor manufacturers, Upper Tampa Bay Manufacturers veterans and spouses.” Association, Bay Area Manufacturers Association, Florida Medical Manufacturers Consortium and the National — Steven Schwartz, Executive Vice President and Tool and Machining Association. Chief Legal and Corporate Affairs Officer, Cognizant

TAMPA BAY: NEXT GENERATION METRO 13 BUSINESS CLIMATE

WE MAKE IT EASIER TO DO BUSINESS IN TAMPA BAY, WHERE YOU’LL FIND AN EFFICIENT, AFFORDABLE, AND COMPETITIVE OPERATING ENVIRONMENT WITH THE RESOURCES AND SUPPORT YOU NEED TO ACHIEVE YOUR GOALS.

PRO-BUSINESS GOVERNMENT labor costs and a low tax operating environment, with a  Florida is a Right-to-Work state and consistently local sales tax of seven percent, a state corporate income ranked one of the best for business due to its stable lead- tax of only 5.5 percent and no personal income tax. ership and favorable corporate tax policies. Locally, collaboration between government and industry has INCENTIVES resulted in effective development practices, expedited Targeted, performance-based financial incentives for permitting, and a streamlined regulatory process. qualifying projects can lower the barriers to market entry and mitigate the cost of relocation and expansion. AFFORDABILITY We’ll work with you to access these resources, as well Tampa Bay is one of the most cost competitive places to as workforce training grants, tax exemption programs do business in the nation. Companies here enjoy low and more.

14 TAMPA HILLSBOROUGH ECONOMIC DEVELOPMENT CORPORATION I TAMPAEDC.COM BUSINESS CLIMATE

WORLD’S FIRST WELL CERTIFIED™ CITY DISTRICT FOR WELLNESS

Tampa and Hillsborough County are in construction: a new 400-500 room the midst of an historic transformation hotel, a 650,000 square foot signature that will shape the economic future of office tower, 200,000 square feet of the region. One of the most high profile retail, restaurants and entertainment projects underway in Tampa is Strategic venues, the University of South Florida Property Partners’ (SPP) redevelop- Morsani College Of Medicine and Heart ment of 40 acres along the downtown Institute, as well as an adjoining office waterfront. SPP, a real estate develop- building to house health industry- ment joint venture between Bill Gates’ related businesses. Cascade Investment, LLC, and Jeff The district possesses a number of Vinik, owner of the Tampa Bay exciting amenities in close proximity Lightning, is creating a mixed-use that attract over three million visitors development in the heart of the urban annually: Amalie Arena (home to the core that will be the world’s first WELL Tampa Bay Lightning National Hockey Certified™ city district for wellness. The League team and many concerts and district will offer a walkable, sustain- other events), Tampa Bay History able, Wi-Fi-connected, and healthy Center, Tampa Convention Center, environment for tenants, residents, Florida Aquarium, and an active students, and guests. SPP currently passenger cruise terminal that serves owns the 719-room Marriott Waterside close to 900,000 travelers each year. Hotel and Marina as well as Channelside When all three phases of the project are Bay Plaza, both of which are located on completed, the development will be the water. approximately 6,000,000 square feet While the entire SPP project will be of commercial, residential, and retail developed over time, a number of space with a total investment exceed- projects are planned to start ing $2 billion.

BUSINESS CLIMATE

We’re not the only ones who think Tampa Bay is a great place for business.

# Best City for Business in the Southeast 1 (Money magazine)

# Best State for Business in the Southeast 1 (Chief Executive magazine)

Best State Corporate Tax Environment # 3 (Area Development)

Most Cost-Friendly Business Location # 6 Among Large U.S. Cities (KPMG)

TAMPA BAY: NEXT GENERATION METRO 15 IT'S YOUR MOVE. MAKE IT TAMPA.

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