Facts About the State of Florida

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This webpage offers details and facts about the State of Florida and its many advantages as a location for research and investment. This webpage is divided into sections on overview, geography, demographics, the economy, government and politics, and education. Some information is cross-listed, because it relates to multiple categories. For instance, education as it relates to the economy might be listed in both sections. At the end of each section you will also find links to further information, such as websites on the State government, business, and frequently changing appropriations bills, for example.

Note: Additionally, a free registration with www.eflorida.com is recommended. The site is referenced here many times, and provides lots of detailed information on Florida. It should prove very useful.

Overview -- About the State

Florida provides a unique setting for conducting research, with its diverse and complex mixture of urban and rural populations with significant ethnic and cultural range. Florida is made up of highly diverse regions: from the sea and airports of Florida's Great Northwest, and the longest East-West corridor, I-10, to the bustling activity of the southeast region with Miami as its center of international business. The following site provides a snapshot of reasons why investing in Florida make good sense: www.eflorida.com/uk/uk.asp?level1=30

With over 1300 miles of coastline, and a combined tourism, shipping, and agricultural industry income of over $100B a year, Florida has significant assets for a prospective researcher. Other key assets include the Kennedy Space Center, nuclear power plants, multiple key military installations, and offices of huge defense contractors.

If Florida were a country, it would have the 15th-largest economy in the world. The largest single source of income in Florida is tourism, with up to four million tourists in the state at any one time. Annual visitors exceed 83 million. Tourism currently generates $60B of income per year.

Florida’s economy is growing and resilient. The state is a national leader in job creation. With abundant job opportunities, Florida continues to experience rapid labor-force growth. Moreover, the State tax system ranked 2nd in the nation on how friendly it is to businesses.

With its well-developed transportation infrastructure, Florida is well-connected with anywhere in the U.S. and key international areas. To handle air travel, Florida has 11 international airports. In addition, several seaports host shipping as well as tourism traffic. Moreover, every business in Florida is within 90 miles of one of 14 deep-water ports. Look at Florida’s transportation plan, primarily automobile-oriented, through 2020. A broader look at Florida’s planning can be viewed at http://www.dot.state.fl.us/planning/policy/.

Florida derives its energy from a variety of sources, which are detailed in the following report. Its energy is produced, in part, from five nuclear power plants. Also listed are the emissions from the electricity industry.

Links of Interest

Geography

Florida offers a variety of natural geographic features that would provide ideal conditions for the right research project. In addition, man-made geography – thriving cities, airports, seaports, highways, and other infrastructure – ensure ready access to rest of the world.

The following webpage offers a snapshot of “macro” geographical facts, such as land area, water area, and river lengths.

For example, Florida offers:

  • Total Area - 58,560 square miles
  • Land Area - 54,252 square miles
  • Total Water Area - 4,308 square miles
  • Rank Among States in Total Area - 22nd
  • Length North to South - 447 miles
  • Width East to West - 361 miles

Coastline
With more than 1300 miles of coastline, Florida has the second-longest stretch of saltwater land in the U.S. Only Alaska has more. This coastline includes world-famous beaches as well as 25% of the country’s environmentally sensitive wetlands, all of which represents a major economic draw for the state’s tourist industry.

Neighboring Florida to the west, the Gulf of Mexico has the most offshore oil and gas production in the world, and is responsible for about 90% of America's offshore production. Also, the mainland's only coral reefs can be found in the waters off the shores of Florida and Texas.

Florida’s 825 miles of beaches are a huge draw for tourists and researchers. A 2003 Florida Atlantic University study found that for every dollar invested in beach restoration, the State receives a $6-8 economic return.

Since 1999, Florida has invested more than $300 million to replace sand and rebuild dunes, including $93.4 million in 2004-05 and $73.2 million in 2005-06 to repair damage from the eight hurricanes of the last two years. To date, more than 170 miles of beach have been restored and maintained through the State program, according to the Florida Department of Environmental Protection. See http://www.dep.state.fl.us/ for more on the State’s coastline efforts.

Key areas
Two key areas are detailed below. For more in-depth coverage, see www.eflorida.com, which divides the State into 8 regions and provides such info as population, employment, cost of living, and high-tech capacity.

Central Florida (from eflorida.com)
Florida’s High-Tech Corridor spans across Interstate 4 from the Gulf of Mexico to the Atlantic Ocean, and the Space Coast. The corridor includes Tampa, Daytona Beach, Orlando, Gainesville, and Melbourne, and is home to a large portion of Florida’s high-tech companies. The corridor includes a high concentration of firms specializing in optics/photonics, modeling/simulation/training, and telecommunications.

The Florida High Tech Corridor Council supports this high-tech cluster. The Council was created in 1996 and is a partnership among the University of Central Florida, the University of South Florida, and the University of Florida, principals of top high-tech companies, and economic-development professionals that help promote the growth of the high-tech industry in the 23-county primary service region of the three universities.

In June 2002, the Florida High Tech Corridor was listed as one of the Intelligent Community Forum’s “Top Seven Intelligent Communities” and was ranked with communities such as Singapore and Seoul, South Korea. This honor is given to communities that are creating the information and telecommunications infrastructure needed to gain a competitive edge in today’s economy.

South Florida (from eflorida.com)
Thanks to the presence of multiple internet switching stations and a host of Internet companies based in South Florida, the state has been dubbed the “Internet Gateway” to Latin America and has become a platform for testing and evolving the next generation of the Internet.

The iCoast organization supports the South Florida cluster. It is a collection of Internet companies and organizations that work together to foster Internet and technology growth. The organization’s mission is to brand southeast Florida as the "iCoast" and be recognized as a worldwide hub for the Internet.

Links of Interest

Demographics

A rich mix of different cultural, racial, and linguistic backgrounds among Florida's population is a tremendous competitive asset in the global economy of the 21st century, uniquely positioning Florida as the multilingual, multicultural business hub of the Western Hemisphere. Here you can find detailed reports on population by age, race, gender and county from 1970-2030.

Population of Florida

Year Rural Urban Total
1980 2,242,188 7,504,773 9,746,961
1990 799,413 12,138,513 12,937,926
2000  1,009,305 14,973,073 15,982,378
2005
(latest estimates)
1,119,776 16,670,088 17,789,864

Florida is the fourth most populous state in the US, with about 17.8 million people in 2005. The state is growing at over 2% per year. With an average five-year population growth rate of 10.4%, Florida's population is projected to outpace the nation for the next two decades. By 2030, the projected population in Florida is expected to increase more than 40% from current levels. An excellent resource for demographic data is http://fred.labormarketinfo.com/. More demographic information can be found in the US Statistical Abstracts.

Since 2000, Florida has added over 1.7 million residents, an increase of nearly 11%, compared to 5% for the U.S. as a whole over the same period. According to U.S. Census Bureau projections, Florida will overtake New York as the nation's third most populous state as early as 2020. There are over 3 million individuals aged 65 and over living in the state of Florida. See http://edr.state.fl.us/population.htm.

Gainesville is located close to many of Florida’s largest metro areas.

Most Populous Metro Areas (2000):
(Areas in bold are within approximately two hours’ drive.)
1. Tampa/St. Petersburg/Clearwater - 2,396,000
2. Miami - 2,253,000
3. Orlando - 1,645,000
4. Ft. Lauderdale - 1,623,000
5. Jacksonville - 1,100,000
6. West Palm Beach/Boca Raton - 1,131,000
7. Sarasota/Bradenton - 590,000
8. Daytona Beach - 493,000
9. Lakeland/Winter Haven - 484,000
10. Melbourne/Titusville/Palm Bay - 476,000
11. Fort Myers/Cape Coral - 441,000
12. Pensacola - 412,000
13. Fort Pierce/Port St. Lucie - 319,000
14. Tallahassee - 285,000
15. Ocala - 259,000
16. Naples - 251,000
17. Gainesville - 218,000
18. Fort Walton Beach - 170,000
19. Panama City - 148,000
20. Punta Gorda - 142,000

Of Florida's 6.3 million households in 2001, 56% had computers and 53% had Internet access. By 2003, about 61% of Florida's households had computers and 56% were using the Internet.

Other Resources
The Florida Statistical Abstract provides a comprehensive collection of the
latest statistics available on the social, economic and political organization of Florida. It is available from the Bureau of Economic and Business Research, Warrington College of Business. (392-0171, ext. 219) See http://www.bebr.ufl.edu/. The abstract is available on CD for $25.

See the United States Statistical Abstract. It offers statistical abstracts of almost any imaginable kind about the social, economic and political organization.

The Marston Science Library (352-273-2851) also provides extensive demographic data.

Links of Interest

The Economy

Florida has one of the world's largest and most dynamic economies, with growth rates in recent years surpassing those of most other U.S. states and the world's largest countries. In fact, if Florida were a country, it would have the 15th-largest economy in the world.

Both in terms of gross state product (as the broadest measure of economic output) and personal income, Florida has been enjoying healthy gains even in the face of the recent global economic slowdown. Florida's GSP accounted for 5% of the nation's GSP in 2004, and has grown by 21% over the past five years, compared to 14% for the U.S. economy as a whole. Florida’s total merchandise trade is over $95 billion.

Florida also has great access internationally. Every business in Florida is within 90 miles of one of 14 deep-water ports. Also, there are more direct flights from Florida airports to Latin American and Caribbean destinations than from all other cities in the United States combined. Miami is second only to New York as a U.S. center for international banking. More than 300 financial institutions – including 50 international banks – operate in Florida.

For what other reasons should individuals do business in Florida? The following website offers a wide range of reasons and supporting facts, such as worldwide connectivity, technology leadership, and workforce talent, among others.

An excellent and current online news resource, Florida Trend magazine reports “what you need to know about Florida today.” http://www.floridatrend.com/

Its sister site -- http://www.floridasmallbusiness.com/ -- links to what small-business people need to know to begin operating and flourish in the state.

More economic information can be found in the U.S. Statistical Abstracts and at http://www.bebr.ufl.edu/ -- the Bureau of Economic and Business Research provides reports.

Employment and Jobs
Florida is a national leader in job creation. With an abundance of job opportunities, Florida continues to experience rapid labor-force growth. From 2003 to 2004, Florida's labor force has increased at a rate over four times that of the nation as a whole, and it now has the fourth-largest labor force and the seventh-lowest unemployment rate.

Growth in Florida's total employment, non-agricultural employment and private employment all continue to increase at rates higher than the nation's. An excellent and highly recommended resource for economic and labor info is http://fred.labormarketinfo.com/

Florida’s average cost of labor is 11% lower than the national average, and Florida is one of only eight states with a right-to-work provision in its state constitution.

Annual unemployment rates in Florida have also consistently been below the U.S. average. Unemployment rates in Florida have generally fared consistent with, or better than, the national average. Over the past several years, Florida's unemployment pattern exemplifies the state's resilient and diversified economy.

The largest single source of income in Florida is tourism, with up to four million tourists in the state at any one time. Annual visitors exceed 83 million. Tourism currently generates $60B of income per year. This document details the tourist economy, listing the who, what, when, where, why, and how of Florida travelers. A quick look at tourist statistics can be found here.

Well-known for its agriculture, Florida produces vast quantities of crops from its many farms. http://www.ers.usda.gov/StateFacts/FL.htm provides a state fact sheet, with demographic data, lists of top exports, and farm characteristics and incomes. Also useful is Agricultural Statistics, which is published each year to detail Florida’s agricultural production, supplies, consumption, facilities, costs, and returns. See http://www.usda.gov/nass/pubs/agstats.htm.

Defense also comprises a hefty portion of the gross state product. Fiscal year 2002 defense-related spending is directly or indirectly responsible for $44 billion, or 9.8%, of Florida’s gross state product (measured in 2003 dollars). Fiscal-year 2002 defense-related spending accounted for a total of 714,500 jobs (138,875 supported directly.) Of this $44 billion, the military spent $22 billion. More figures are detailed here.

With nearly 20,000 high-tech companies employing over 265,000 workers, Florida has the fourth-largest number of high-tech jobs among U.S. states. Florida also ranks third in the nation in high-tech exports. (from eflorida.com)

The cruise-ship industry in Florida generates more than $5.5B a year in revenue operating out of 3 main seaports -- Ports of Miami, Everglades and Canaveral.

Also of economic note: Neighboring Florida to the west, the Gulf of Mexico has the most offshore oil and gas production in the world, and is responsible for about 90% of America's offshore production.

Research and Innovation

Research Areas
Florida has a history of hosting key technological advances. With the current ranking status as the 4th largest “Cyberstate” (AeA 2006 Cyberstates Report) for high-tech employment, Florida has always been at the cutting edge of technology and innovation. According to eflorida.com, Florida's strengths lie in the following key sectors:

  • Life sciences (including biotechnology, medical-device manufacturing, pharmaceuticals, health care). Florida is ranked the 10th-largest biotechnology center in the nation by Ernst & Young. High-fliers include the Burnham Institute for Medical Research, the Scripps Research Institute, and Torrey Pines Institute for Molecular Studies, which are detail below.
  • Information technology (including IT products/services, software development, modeling/simulation/training, photonics/lasers/optics, microelectronics, telecommunications). Florida is home to the National Center for Simulation and several skilled simulation/modeling/training professionals that develop applications for industries ranging from aviation to medicine to entertainment.
  • Aviation / aerospace – The State hosts such big names as Harris Corporation, Lockheed Martin, Siemens Westinghouse, and Pratt & Whitney of United Technologies. See their Federal funding in Florida.
  • Homeland security / defense – Those doing business in Florida include Harris Corporation, Lockheed Martin, Siemens Westinghouse, and Pratt & Whitney of United Technologies
  • Financial / professional services
  • Manufacturing

Extensive descriptions on the state of these industries in Florida is available at the eflorida.com website. Look for the key sectors tab on the left-hand side.
See https://www.eflorida.com/keysectors/.

Florida has recently become a host for several big names in the biotech field. Key players in life-science research include:

  • Burnham Institute for Medical Research -- Burnam recently decided to collaborate with UF at a new Orlando facility. The collaboration is expected to include the construction of a joint UF-Burnham research facility on the property that Burnham will occupy. The most likely research areas for UF investigators include diabetes, aging, genetics and cancer. http://www.burnham.org/.
  • Scripps Research Institute – UF and La Jolla-based Scripps are collaborating on biomedical research in a new 350,000-square-foot, state-of-the-art facility located in Jupiter, FL. See http://www.scripps.edu/florida/ and http://rgp.ufl.edu/scripps/.
  • Torrey Pines Institute for Molecular Studies – The firm pursues research to understand and treat medical conditions such as AIDS, multiple sclerosis, Alzheimer’s disease, cancer and others. The company has opened a new facility in Port St Lucie, which will eventually become its headquarters. See www.tpims.org.

The Economy and Education
In Florida, the education infrastructure supports research and innovation with 11 state universities, 4 major medical schools, and numerous independent colleges and universities. In 2005, Florida universities performed more than $1.5 billion in sponsored research. For a list of independent colleges and universities, see www.icuf.org.

In 2003, nearly $5.2 billion was spent in Florida on R&D. From 1999 to 2004, over 15,000 patents were issued to Florida residents, an average of over 2,500 per year. Exactly 649 Small Business Innovative Research Awards were granted to Floridians. See the Technology Entrepreneurship Resource Database for a listing of Florida venture capital firms and tech-transfer programs, and more: https://www.eflorida.com/intelligencecenter/. The site also includes detailed information on technology and research parks, business incubators, and venture-capital firms.

Two Florida schools ranked among the top 20 universities in the nation for number of U.S. patents issued in 2004. The University of Florida came in 10th in the nation with 53 patents, and the University of Central Florida 19th with 39 patents. See links to technology-transfer programs at Florida’s universities.

Centers of Excellence
To maintain its competitive edge in high-tech fields, Florida has established a Technology Development Fund to create new Centers of Excellence in the state. The Centers are designed to bridge the gap between academia and industry and give university-produced innovations a helpful push toward commercial viability. The program benefits industry by providing a stream of innovation from R&D resources normally too expensive for private enterprise. Meanwhile, university programs reap benefits in the form of royalties, new workforce options (for graduates), training, and potential funding for future projects.

The following website details the Centers of Excellence across the state.

Investment/ Foreign Investment
In the global economy of the 21st century, Florida has emerged as a hotspot for foreign direct investment (FDI). In 2003 (most recent data), foreign direct investment in Florida reached $34.2 billion, sustaining an estimated 285,600 jobs. This makes Florida the ninth-largest recipient of foreign direct investment in the nation. Also in 2003, Florida ranked fifth nationally in terms of employment by foreign-affiliated firms. See www.eflorida.com for more.

With its share of the nation's total venture capital pie averaging about 2% from 2000-2005, Florida is among the top recipients of venture capital funding in U.S. states. Although 2005 venture-capital funding remained much lower than the tech-led boom levels seen around the turn of the millennium, Florida has been on an upward trend since 2003.

In 2003 total holdings in Florida by companies at least 10% foreign-owned totaled $34.2 billion, ranking Florida 9th among all states. Florida ranked 5th nationally in 2003 in terms of employment by foreign-affiliated firms, which provided jobs for some 282,000 Floridians.

Meanwhile, total holdings in Florida by firms at least 50% foreign-owned reached $29.5 billion in 2003. These companies employed 248,900 Floridians, ranking the state 5th in the nation in terms of employment by majority-foreign-owned firms.

Business Development and Commercialization
Florida has business incubators all across the state. The following website details and links to many incubators across the state.

Some 44 biotech companies are located in Alachua County, which offers a nearby incubator to prospective researchers -- the Sid Martin Biotechnology Development Incubator. Located 20 minutes north of Gainesville, this 40,000-square-foot facility offers wet labs, office space, conference rooms, a pilot fermentation facility, a climate-controlled greenhouse, extensive scientific and business equipment and support services for biotech startups. http://www.biotech.ufl.org/

The Florida Business Incubation Association also reports its incubation efforts at http://www.fbiaonline.org/

The University of Florida has been particularly efficient at commercializing technology, as reported by the Milken Institute Technology Transfer and Commercialization Index. Overall, UF ranked fifth, but was the top individual public school. For more, see http://news.ufl.edu/2006/09/20/milken/. The detailed rankings are available at www.milkeninstitute.org/pdf/m2m2006_uni_tech.pdf

Federal Government Spending for R&D
The Federal government invests substantial money for R&D and defense in Florida, with a number of defense contractors, research labs, and public institutions. Approximately $3.2 billion of federal R&D funds are spent each year in Florida, ranking it seventh in the nation. In 2000, the Department of Defense supplied almost two-thirds of Florida’s federal R&D funds, while NASA was the second-largest federal source of R&D funds in Florida.

See http://www.aaas.org/spp/rd/fl00.pdf for a breakdown of where funding went and which agency provided it in 2000. Here's a more-current update on Federal R&D spending in Florida.

Also useful is this report that details which corporations received funding.

The list of Federal research facilities is notable and includes the recent amount of funding:

Here's a more extensive list.

Of particular note for defense spending are Florida members of the U.S. House Defense Appropriations Committee: Allen Boyd and Bill Young, who is the ranking member of the minority party. See www.house.gov.

Florida’s two U.S. Senators – Bill Nelson and Mel Martinez – are also members of the Armed Services Committee, which oversees the Dept. of Defense. See the government section below for more and www.senate.gov.

State Budget Information
Florida ranks low in terms of the tax burden placed on residents. Based on income, property and other state and local tax collections, the Tax Foundation research organization ranks Florida among the lowest tax states (Florida ranks #45 among the 50 states in 2004; only five states have a lower tax burden). The budgets for the past several years are as follows:

  • $64.7 Billion (2005-2006)
  • $57.3 Billion (2004-2005)
  • $53.5 Billion (2003-2004)
  • $50.4 Billion (2002-2003)
  • $47 Billion (2001-2002)
  • $51 Billion (2000-2001 Fiscal Year)

State Spending Per Capita 1998 - Florida Ranks 49th ($2,628)

Further budget information can be found on the governor’s e-budget website:
http://www.ebudget.state.fl.us/. The site allows you to search by bill and by agency, among other things. Another useful report on the budget is the Three Year Revenue and Expenditure Outlook through 2008-2009.

Tax Rates
State Sales Tax - 6%
Corporate Tax - 5.5%
State Income Tax – None

Links of Interest

Government and Politics

This section provides links to websites that detail the functioning of the U.S. and State governments. A key resource is http://thomas.loc.gov – which provides the names of senators and representatives, their committees as well as a searchable database of bills.

Federal government
The current U.S. Senators are:

The current U.S. Representatives are available at http://www.house.gov/house/MemStateSearch.shtml#fl 

Of particular note for defense spending are Florida members of the U.S. House Defense Appropriations Committee: Allen Boyd and Bill Young, who is the ranking member of the minority party.

State government
See the main site for the Florida legislature. The legislative body is composed of the House of Representatives and the Senate. Each site allows you to search bills by number and by text, and provides a comprehensive list of congressmen.

Budget Information
Florida ranks low in terms of the tax burden placed on residents. Based on income, property and other state and local tax collections, the Tax Foundation research organization ranks Florida among the lowest tax states (Florida ranks #45 among the 50 states in 2004; only five states have a lower tax burden). The budgets for the past several years are as follows:

  • $64.7 Billion (2005-2006)
  • $57.3 Billion (2004-2005)
  • $53.5 Billion (2003-2004)
  • $50.4 Billion (2002-2003)
  • $47 Billion (2001-2002)
  • $51 Billion (2000-2001 Fiscal Year)

State Spending Per Capita 1998 - Florida Ranks 49th ($2,628)

Further budget information can be found on the governor’s e-budget website:
http://www.ebudget.state.fl.us/. The site allows you to search by bill and by agency, among other things. Located on the main legislature site are such useful reports as the Three Year Revenue and Expenditure Outlook through 2008-2009.

A detailed report of the higher-education budget is available.

Tax Rates
State Sales Tax - 6%
Corporate Tax - 5.5%
State Income Tax – None

Links of Interest

  • http://www.bebr.ufl.edu/ -- Bureau of Economic and Business Research provides reports – some free -- on Florida demographics
  • http://govspot.com/index.html -- a good general website that functions as a signpost for government, telling you where to go for more information in government- or civic-related matters
  • http://www.myflorida.com/ -- an overview of Florida government, business, and citizen-related concerns

Education

The state has a prolific output of college-educated graduates, which should be a boon to any research project located in the state. An overview of the university system, its programs, and its governance can be found at http://www.flbog.org/. No Floridian lives more than 50 miles from an institution of post-secondary learning, according to eflorida.com.

An overview of K-12 education can be found at http://www.firn.edu/doe/.  Here's a summary of the public-school system. The site includes detailed info on per-capita expenditures, test scores, and relative rankings of the State’s schools, among other things.

Of Florida's nearly 11.6 million residents who were age 25 or older in 2004, 84.5% had at least their high-school diploma and 25.4% had a bachelor's degree or higher. This website provides county-level education data.

In Florida, the higher-education infrastructure consists of 11 state universities, 4 major medical schools, and numerous independent colleges and universities. In 2005, Florida universities performed more than $1.5 billion in sponsored research. For a list of independent colleges and universities, see www.icuf.org.  Also of note is the extensive community-college infrastructure. The following site offers an overview of the system: http://www.fldoe.org/CC/facts_glance.asp. A detailed report on the higher-education budget is available.

In the 2002-2003 school year, there were 792,079 students enrolled in degree-granting college institutions in Florida. This same year, the net migration of first-time college students into Florida was 13,991 -- ranked fourth in the nation.

During the 2003-2004 school year, 151,289 post-secondary degrees were awarded in Florida. This is a 9.7% increase from the previous school year.

In 2003, Florida ranked 4th in the nation for total number of science and engineering doctorate degrees awarded (818 degrees, or 3.2% of U.S. total).

Click here for a map of the state’s institutions of higher learning.

College-Level Research
Florida has 11 state universities, 4 major medical schools, and numerous independent colleges and universities that performed more than $1.5 billion (2005) in sponsored research in 2005. Since 2000, these institutions have brought more than $427.4 million in royalties to the state.

Research is undertaken at a number of centers around the State, and you can search for the centers, individual experts, or funded research through Florida ExpertNet, a web-based network of applied research expertise in Florida's public universities at http://expertnet.org/subpages/aboutus.htm.

In fiscal year 2004, the University of Florida, with $37.4 million in earnings from faculty innovations, was the nation's fifth-highest-ranked university in terms of royalties arising from the commercialization of academic research.

Florida State University also ranked among the top 15 universities in the nation for royalty income in FY 2004, adding more than $14.3 million in royalties to the state’s economy.

Two Florida schools ranked among the top 20 universities in the nation for number of U.S. patents issued in 2004. The University of Florida came in 10th in the nation with 53 patents, and the University of Central Florida 19th with 39 patents.

Patents issued to Florida's universities increased by 7% from 2003 to 2004.
For a listing of technology-transfer programs and offices of research, see this website.

Centers of Excellence
To maintain its competitive edge in high-tech fields, Florida has established a Technology Development Fund to create new Centers of Excellence in the state. The Centers are designed to bridge the gap between academia and industry and give university-produced innovations a helpful push toward commercial viability. The program benefits Industry by providing a stream of innovation from R&D resources normally too expensive for private enterprise. Meanwhile, university programs reap benefits in the form of royalties, new workforce options (for graduates), training, and potential funding for future projects.

The following website details the Centers of Excellence across the state. The site also includes detailed information on technology and research parks, business incubators, and venture-capital firms.

See also the economy section in this document for more on education.

Links of Interest

 
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