HOW CAN TODAY’S LIFE AND MEDICAL SCIENCES COMPANIES ADVANCE THE FUTURE IN FLORIDA?
By growing in a state known for its innovation.
THE RIGHT PRESCRIPTION FOR YOUR COMPANY
#2 LARGEST PHARMACEUTICAL MANUFACTURING INDUSTRY
Florida has 320+ pharmaceutical establishments and initiates the third-largest amount of U.S. clinical trials, establishing Florida’s position as an industry hub of knowledge and support for your business.
30,000+ MEDICAL & LIFE SCIENCES WORKFORCE
In Florida, you’ll find the specialized, trained talent you need. In fact, employment in Florida’s medical/life sciences sector increased 12% from 2013 to 2017, while national medical/life sciences employment grew only 5%.
#2 STATE FOR INNOVATION
Awarding more than 5,100 patents in bioscience-related technology classes from 2014 to 2017, Florida ranks top in the nation for bioscience patent activity, creating the right ecosystem to help fuel your company’s future growth.
FAST-EMERGING AGRISCIENCE INDUSTRY
Florida’s $100 billion annual agricultural industry has helped spur new advancements in agriscience, ensuring even the most specialized companies have support. In fact, Florida is No. 2 in the nation for the largest number of aquaculture establishments, harvesting agricultural products such as fish, fruits, and vegetables from oceans, fields, greenhouses, and combined operations.
#1 STATE FOR THE PRODUCTION VALUE OF SEVEN AGRICULTURAL PRODUCTS
From oranges to sugarcane and tomatoes, the Sunshine State is a leading producer for a handful of products – just another example of how Florida is supporting the life sciences industry and agriscience companies.
COMPETITIVE WAGES IN FLORIDA
Thanks to Florida’s business-friendly climate and low cost of insurance, your company can save on top talent compared to other states. In fact, average wages for Florida’s medical/life sciences sector is $94,301, significantly lower than the U.S. average of $125,300.
FLORIDA’S WORFORCE: APPROVED FOR YOUR COMPANY
Ranked No.1 in higher education by U.S. News & World Report and No.1 in the Southeast U.S. for high-tech talent, Florida offers the ideal workforce to help companies drive innovation and business growth. In fact, Florida is only one of six states that has produced more than 30,000 bachelor’s, master’s, and doctoral degrees in science and engineering. This workforce has the critical skills for operating at the intersection of science and technology today.
Florida’s medical and life sciences workforce is also supported by a fast-growing number of life science research hubs, including but not limited to: University of Miami Life Science and Technology Park, University of Florida Institute of Food and Agricultural Sciences, the Max Planck Florida Institute for Neuroscience and Palm Beach County’s Life Sciences Cluster.
FPL SUPPORTS LIFE SCIENCES INNOVATION
WHERE INDUSTRY GETS ITS POWER
FPL supplies more than 1,000 medical/life sciences companies in our service territory, while Florida in general is home to major industry players like Allergan, Bausch & Lomb Pharmaceuticals, Johnson & Johnson, McKesson, B Braun, Atlantic Sapphire, Novartis and more.
AFFORDABLE RATES & INCENTIVES
FPL’s industrial/commercial electric rates are 41% below the national average ― as low as $0.05/kWh. FPL also offers negotiable incentive rates, like the Commercial Industrial Service Rider (CISR), for companies that have a new electric demand of 2 MW or more, as well as our Economic Development Rider (EDR), which was designed to help attract new investment to the Sunshine State.
FPL’s reliability is 50% better than the national average, and boasts the best SAIDI rating in the state. And just last year, FPL received PA Consulting’s National ReliabilityOneTM award for the third time in four years. The prestigious award is given annually to utilities that have excelled in delivering reliable electric service to their customers.