October 6, 2022

Business Florida 2022 - The Regions

Tampa Bay

Citrus • Hernando • Hillsborough • Manatee • Pasco • Pinellas • Polk • Sarasota

| 11/8/2021


With more than 63,0000 people producing everything from building materials and fertilizers to flight simulators and luxury yachts, Tampa Bay’s manufacturing sector is not only staying busy, it’s growing even in the midst of a pandemic. Among recent developments:

• Spectrum Custom Molds & Manufacturing is on a trajectory to quadruple in size by 2023. The veteran-owned firm, which specializes in product prototyping, tooling, mold design and manufacturing, plans to grow its presence in Bradenton from 5,800 square feet to 20,000 square feet over the next two years.

• Venice-based PGT Innovations will expand its West Coast presence with the signing of an agreement to acquire California-based Anlin Industries (aka Anlin Windows & Doors) for approximately $126 million. PGT is a national leader in premium windows and doors, including impact resistant products.

• Clearwater’s MarineMax, the world’s largest boat and yacht company, posted record revenues for its third fiscal quarter in 2021, boosting sales 34%. In July, the firm announced an expansion of its Midwest operations with the purchase of Minnesota boat dealer Nisswa Marine.

• Suzuki Marine, a new division of Suzuki Motor of America that manufactures and sells outboard motors and related accessories, has opened its corporate headquarters in Tampa.

• Flight simulator manufacturer CAE USA continues construction on its new U.S. headquarters adjacent to Tampa International Airport. The 290,000-sq.-ft. facility is slated for completion in 2022.

KEY PLAYERS: Advanced Airfoil Components, Gibsonton; CAE USA, Tampa; Jabil, St. Petersburg; The Mosaic Company, Tampa



For the third year in a row, University of South Florida is named among the nation’s top 50 public universities on U.S. News & World Report’s “Best Public Universities 2022” and at No. 103, just missed landing a spot among its top 100 “Best National Universities.” In 2020, USF again ranked second among Florida universities and fifth worldwide for patent production with 123 new U.S. utility patents. On the horizon for USF: lots of construction, including the five-story Judy Genshaft Honors College in Tampa and a four-story Environmental and Oceanographic Sciences Research and Teaching Facility in St. Pete.

Florida Polytechnic University in Lakeland has plenty to be proud of now that U.S. News & World Report has named Florida’s newest college No. 1 among Top Public Schools, Regional and No. 3 among Regional Colleges, South. Opened in 2012, Florida Poly has begun offering the state’s first bachelor’s degree in cybersecurity engineering and is moving forward with construction of its 90,000-sq.-ft. Applied Research Center in Lakeland.

Ranked among U.S. News & World Report’s Regional Universities South are:

• Florida Southern College in Lakeland at No. 8, known for being home to the world’s largest single-site collection of Frank Lloyd Wright architecture in the U.S.

• University of Tampa at No. 13, which broke ground in May 2021 on a 150,000-sq.-ft. technology building to house its computer science, business information and cybersecurity programs. Anticipated completion: fall 2022.

• Pasco County-based Saint Leo University, at No. 29, offering highly focused “micro-credential courses” for adults in “hot” topics such as data analytics, computer applications and web design. The oldest Catholic university in Florida, Saint Leo recently relocated its Tampa Education Center to the former Berriman-Morgan Cigar Factory in west Tampa.


Life Sciences & Health Care

Home to 14% of Florida’s biotech companies and 22% of its pharmaceutical and medicine manufacturing workforce, Tampa Bay is both a driving force in Florida’s fast-growing life sciences industry sector and a magnet for medical innovation. While familiar names like Amgen, Bausch & Lomb, Bristol Myers Squibb, Florida Blue, Johnson & Johnson, M2Gen and Quest Diagnostics continue to enjoy success in this region, locally grown firms are expanding their facilities and new companies are arriving:

• Pharmaceutical giant Pfizer has opened a 105,000-sq.-ft. operations center in Tampa Heights near Armature Works and next door to biotech firm Axogen. Described as a “global capability hub,” Pfizer’s Tampa office will host the firm’s logistics and business development departments, including finance, human resources and digital operations.

• The Soule Co., a maker of disposable foam, reusable gel and other “patient position” devices, has broken ground on a 100,000-sq.-ft. facility next door to its existing 62,000-sq.-ft. building in Lutz. The new facility will house the firm’s medical arm while packaging operations will remain in the smaller, existing location. An estimated 25 new jobs are expected.

• Tampa biotech company Psilera Bioscience has secured a $2.5 million investment toward its goal of overcoming preconceived notions of psychedelics and resistance to using them to treat addiction.

• New Jersey-based Pacira BioSciences celebrated the opening of its 20,000-sq.-ft. Pacira Innovation and Training Center of Tampa (PITT) in fall 2020. The facility is used to train surgeons and anesthesiologists in how to properly administer non-opioid pain management relief therapies.

• Medical device company PainTEQ has moved its Tampa headquarters from downtown to the Tower Place building on North Westshore Boulevard with plans to add 25-30 employees over the next year.

In downtown Tampa, University of South Florida’s CAMLS — Center for Advanced Medical Learning and Simulation — provides state-of-the-art, hands-on learning opportunities for practicing physicians and medical students. Nearby, at USF’s 395,000-sq.-ft. Morsani College of Medicine & Heart Institute, some 1,800 students, faculty and staff live work and study along the downtown waterfront in Strategic Property Partners’ $3-billion Water Street Tampa development.

Here too, students enjoy ready access to Morsani’s primary teaching hospital, Tampa General, which for the sixth year in a row has been named Tampa Bay’s “Best Hospital” by U.S. News & World Report with top 50 rankings in five medical specialties: ear, nose and throat (No. 21); orthopedics (No. 23); gastroenterology & GI surgery (No. 26); diabetes & endocrinology (No. 28); and rehabilitation (No 36). This region’s only Level I trauma and comprehensive burn care center, TGH is also the nation’s sixth busiest transplant center, logging 611 such procedures in 2020. In September 2021, TGH announced plans to invest $550 million to improve existing facilities and add new structures.

Also earning top 50 rankings from U.S. News & World Report: Moffitt Cancer Center, No. 26 nationwide for cancer care. One of only two National Cancer Institute-designated Comprehensive Cancer Centers in Florida, Moffitt celebrated the ceremonial topping out for its new 10-story, $400 million surgical hospital near its main facility that will expand patient capacity by 65% and allow for approximately one-third more procedures over the next decade. The facility is slated for completion in 2023. In the meantime, Moffitt has unveiled its plans for a second campus in Pasco County to include more than 1.4 million square feet of research lab/office, industrial/manufacturing and clinical building space.

Morton Plant and Sarasota Memorial crept up a notch to be named the sixth best hospitals in Florida on U.S. News & World Report’s “Best Hospitals, 2021-22.” Both were rated as high performing in 15 procedures/conditions; in addition, Sarasota Memorial was nationally ranked at No. 39 for Rehabilitation. Other ranked hospitals in Tampa Bay include St. Joseph Hospital in Tampa at No. 12 and AdventHealth Tampa and St. Anthony’s Hospital in St. Petersburg, tied at No. 25.

On the pediatrics side, Johns Hopkins All Children’s Hospital in St. Petersburg was recognized as a “Best Children’s Hospital 2021-22” in eight out of 10 categories, including neurology & neurosurgery, diabetes & endocrinology, nephrology, cancer, neonatology, orthopedics, urology, and pulmonology & lung surgery. All Children’s was the only pediatric hospital in Tampa Bay to make the rankings.

KEY PLAYERS: Amgen, Thousand Oaks, Calif.; Bristol Myers Squib, New York, N.Y.; Florida Blue, Jacksonville; Johnson & Johnson, New Brunswick, N.J.


Life & Leisure

Water Street WELL
Water Street Tampa, the 56-acre mixed-use development being constructed in downtown Tampa, is the first neighborhood in the world to be certified as a WELL community by the New York-based WELL Building Institute. Designed with a focus on walkability, sustainability, resiliency, connectivity and innovation, Water Street aims to promote healthy living by providing easy access to fresh foods and drinking water, creating sidewalks and streets that prioritize pedestrians and alternative forms of transportation and making air quality monitoring data readily accessible. The first phase — about 5 million square feet of residential, hospitality, office, retail and educational space in downtown Tampa is nearly complete. Highlights include: The 26-story, 519-room JW Marriott Tampa Water Street, with four restaurants, a spa, ballrooms and meeting space, and 1001 Water Street, a 20-story mixed-use tower that includes 380,000 square feet of office space with ground-floor retail.

A Great Place to Play
Covid-19 put a damper on Tampa Bay tourism in 2020, but little by little, the industry — and the out-of-staters who largely fuel it — is making a welcome comeback. Whether you are a resident or visitor, take time to enjoy what the twin cities of Tampa and St. Pete have to offer. On the Tampa side, there’s the Riverwalk, which takes you past four must-see destinations: Glazer Children’s Museum; the Tampa Art Museum; the Florida Aquarium, which marked its 25th anniversary in 2020; and the Tampa Bay History Center. And if you’re into theme parks, don’t miss Busch Gardens, a few miles north of the city. On the other side of the bay in Pinellas County, there’s the Clearwater Marine Aquarium, home to Winter and Hope, the stars of “A Dolphin’s Tale”; the new St. Pete Pier; The James Museum of Western and Wildlife Art; The Fine Arts Museum; The Dali (world’s largest collection of Salvador Dali’s art); the newly opened Museum of the American Arts and Crafts Movement in St. Pete; and of course, the beaches, especially St. Pete Beach which is ranked No. 1 in the U.S. this year by TripAdvisor.

Venture Forth Beyond the Bay
This region has way more to offer than just Tampa-St. Pete and it’s all readily accessible by car. There’s the Bishop Museum of Science and Nature in Bradenton; The Ringling complex of museums in Sarasota; Dinosaur World in Plant City; Crystal River National Wildlife Refuge (swim with manatees!); Weeki Wachee Springs State Park, where real-live mermaids perform underwater; and the world’s largest single-site collection of Frank Lloyd Wright architecture in Lakeland. And by all means, save time for LEGOLAND in Winter Haven, which is celebrating its 10th anniversary in 2021.

Worth the Wait: St. Pete’s New Pier
It took two decades of public debate and more than seven years of planning and construction, but St. Pete finally has a downtown pier again. The new $92-million structure opened to great fanfare in July 2020 along with its 26-acre pier district featuring a pavilion on Spa Beach, splash pads, a Doc Ford’s Rum Bar & Grille, the Tampa Bay Watch Discovery Center, a fishing deck, retail shops, green spaces and several pieces of public art. The new structure replaces an inverted pyramid-shaped pier, which opened in 1973 and closed in 2013 after years of decline. The site has been home to a pier of one kind or another since the late 1800s.

Tags: Business Florida

Florida Business News

Florida Trend Video Pick

What's Right with Tampa Bay: Helping local artists
What's Right with Tampa Bay: Helping local artists

A small store is celebrating their second anniversary of helping local artists find success. Beach House 5317 is a one-of-a-kind artistic heaven.

Video Picks | Viewpoints@FloridaTrend

Ballot Box

Apart from electing a new governor, what is your top voting issue in Florida's 2022 elections?

  • Inflation
  • The economy
  • Abortion
  • Gun policy
  • Immigration
  • Climate change
  • Education
  • Health care
  • Other (Please share your comments in the comment section below)

See Results

Florida Trend Media Company
490 1st Ave S
St Petersburg, FL 33701

© Copyright 2022 Trend Magazines Inc. All rights reserved.