Highlights of Economic and Business Growth in the Tampa Bay Region (News Briefs)

Wednesday, January 7, 2009 General News
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TAMPA BAY, Fla., Jan. 7 News briefs concerning economicand business growth in the Tampa Bay Region from the Tampa Bay Partnership:

Draper Labs Acquires Manufacturing Site in Tampa Bay

The Charles Stark Draper Laboratory bought a 41,000-square-foot buildingin St. Petersburg recently where it plans to manufacture microchips for themilitary. Renovations to the building, 10050 16th St. N., should be completedin March 2009. The site could employ an estimated 65 people in the next fiveyears, primarily in highly technical production jobs. Scientists there willwork to meet an increasing demand for highly complex, technically advanced MCMsystems in small packages for innovative applications, such as medicine,energy conservation, port security and more. In addition to its St.Petersburg facility, Draper Labs is working closely with Progress Energy onenergy-related research and development initiatives and is also partneringwith the University of South Florida and its medical school to create afacility for the design, development, and testing of BioMEMS technologies.(Contact: Amy Schwenker, 617-258-2601, aschwenker@draper.com)

Exactech To Open Tampa Bay Manufacturing Facility

Exactech, an orthopedic device company, will open a new manufacturingfacility in Manatee County. The 13,000-square-foot facility will manufacturesurgical instruments used to implant the company's joint replacement devices.Exactech, based in Gainesville, Fla., expects to hire 12 employees during thestart-up phase. That number is expected to at least double during the nextthree to five years. The company currently designs and manufacturesorthopaedic devices that are used by surgeons in more than 30 countries aroundthe world. (Contact: Priscilla Bennett, 352-377-1140,priscilla.bennett@exac.com)

Biopsy Sciences Relocating to Tampa Bay

Biopsy Sciences recently announced they will move operations from Tucson,Arizona to Pinellas County, Florida. The relocation of the growing biomedicalresearch and device company includes new high wage jobs paying 200% of thecounty's average annual wage, adding to the region's growing life sciencesindustry. Biopsy Sciences develops new and innovative products for the medialmarket including the HydroMARK, a breast biopsy site marker that helpspatients by replacing lengthy mammogram-guided wire localization procedureswith quick, accurate ultrasound-guided localization procedures that are morecomfortable for patients. The company took advantage of Florida's QualifiedTargeted Industry (QTI) program to assist with the financial implications ofrelocating. (Contact: Dr. John Fisher, 727-290-9825,http://www.biopsysciences.com )

Quasar Bio-Tech To Move Manufacturing to Tampa Bay

Quasar Bio-Tech, which produces light therapy devices used by medicalprofessionals and consumers, is planning to move its manufacturing to ManateeCounty and add up to 24 employees in 2009. Quasar Bio-Tech relocated itsheadquarters, distribution and research and development from Valley Forge, PAto 2,500-square-feet of space in Manatee County in 2008 citing the cost ofdoing business and workforce availability as key factors in its relocationdecision. Quasar currently uses a vendor in Texas for manufacturing and isseeking local suppliers and vendors for its expansion into Manatee County.(Contact: Frank Kramer, 941-306-5812, frank@quasarpro.com)

Groundbreaking on $35 million Salvador Dali Museum

Elected officials, civic leaders, museum volunteers, trustees and stafftook part in the official groundbreaking ceremony on December 12, 2008 for thenew $35 million Salvador Dali Museum which will be located within the ProgressEnergy Center for the Arts along the downtown waterfront district. The newmuseum, which has reached three-fourths of its funding goal, is to be called"Placa Dali" and will be a three story, 74,124-square-foot building -- twiceits current size. The museum, which currently attracts 250,000 visitorsannually, houses the largest Salvador Dali art collection outside of Spain.(Contact: Kathy White, 727-823-3767 ext. 3036, kwhite@salvadordalimuseum.org)

Chasco Machine and Manufacturing

Chasco Machine and Manufacturing, Incorporated has finalized plans for anew 24,800-square-foot facility in the Hernando County Airport IndustrialPark. Utilizing state-of-the-art computer numerically controlled (CNC)machining equipment this Tampa Bay-based manufacturer produces criticaltolerance, precision-machined parts primarily for the aerospace industryincluding parts used in the production of Boeing 737 commercial aircraft.Chasco Machine currently employs 17 full-time workers and expects to add anadditional 10 employees with their expansion. Construction has begun on thefacility and Chasco expects to be operational by mid-2009. (Contact: JeffRoth, 727-815-3510, http://www.chascomachine.com )

USF Awarded Top Research Park

The University of South Florida Research Park has been awarded theprestigious "Emerging Research Park of the Year Award" from the Association ofUniversity Research Parks (AURP) at the association's 21st annual conferencein St. Petersburg recently. The award is presented annually to an emerginguniversity research park in operation less than five years and during whichtime has excelled in bringing technology from the laboratory to economicviability. The 87-acre research hub includes a 230,000-square-foot, two-building complex and houses USF's Center for Biological Defense and the TampaBay Technology Incubator, currently home to 18 emerging innovative businesses.(Contact: Vickie Chachere, 813-974-6251, vchachere@admin.usf.edu)

AEW Selects Horizon Bay to Manage Continuing Care Retirement CommunityProperties

Horizon Bay Retirement Living, a national seniors housing operator basedin Tampa, Fla., announced its selection by AEW Capital Management L.P. tomanage three continuing care retirement communities (CCRC) in Florida.Regency Oaks in Clearwater, Lake Port Square in Leesburg, and South PortSquare in Port Charlotte, have a total of 1,694 residential units for seniors.This transaction marks Horizon Bay's entrance into the CCRC or lifecare marketand increases Horizon Bay's units under management to over 14,000, with 77communities located in 15 states. (Contact: Courtney Loebel, 813-961-8388,Courtney@brockcomm.com)

SOURCE Tampa Bay Partnership

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