Tampa is one of the best cities to invest in Florida

A favorable scenario for new investors, a solid industrial hub, a talented workforce, and top-notch infrastructure make Tampa one of the best cities to invest in Florida.

Tampa is famous for its beautiful beaches, lively nightlife and varied entertainment options, but what many people don't know is that Tampa is considered one of the best cities to invest in in Florida.

A favorable scenario for new investors, a solid industrial hub, a talented workforce and top-notch infrastructure provide the ideal environment for good projects to prosper.

And when a city has a favorable climate for the development of various businesses, important economic sectors such as housing, services and commerce also stand out.

Learn about the main points that make Tampa one of the best cities to invest in Florida.

Better cities to invest in in Florida - Why Tampa?‍

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1 - Lower cost to open a business

One of the most important factors considered when evaluating a market to start or expand a company is how much it will cost to operate the business.

Not only is the cost of living in Tampa lower than in most large metropolises, but the cost of running a business is also lower. And the best, without sacrificing quality.

Tampa is among the cheapest places to do business in the United States.

Considering factors such as cost of local facilities (industrial or office), labor costs such as wages and benefits, public services and federal, regional and municipal taxes, Tampa ranks sixth in the most economical business locations among major U.S. cities, surpassing Dallas, Cleveland and Boston.

It is the third lowest labor cost place in the US.

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2 - Strong and varied industrial pole

Manufacturing has a long history in Tampa, where it is a source of innovation for a wide range of industries.

The region has the second largest manufacturing employment base in Florida and is home to Jabil's global headquarters, with more than 2,800 other manufacturing companies employing nearly 62,000 people.

From military equipment to the creation and development of medical devices and manufacturing in highly regulated sectors, businesses are promoting modern manufacturing technology and making an impact around the world.

The Tampa manufacturing sector also plays a key role in attracting investment from abroad.

Almost 500 foreign companies, representing over 40 nations, have established successful operations in one of the best cities to invest in.

Another important highlight is the strength and rapid growth of the life sciences industry in the region.

In recent years, world-renowned corporations such as Bristol-Myers Squibb and Johnson&Johnson have chosen Tampa as their location for major North American operations.

The Tampa region is gaining a global reputation as a growing center for research and development due to the large number of institutions working in this area.

Research centers such as USF Health, University of Tampa College for Natural & Health Sciences and Hillsborough Community College Health Sciences are some of the highlights that contribute to the region's research and innovation capabilities and train the next generation of scientists, physicians and technicians.

But it doesn't stop there. Tampa was elected one of the top technology job centers in the United States.

With 20% of the state's IT positions, Tampa is ranked among the top ten U.S. cities to work in technology.

In the last five years, local IT jobs have grown almost twice the overall average growth rate and are estimated to increase by 10% over the next five years.

A more than favorable scenario that reinforces why Tampa is one of the best cities to invest in in Florida.

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3 - Talented workforce

With a young, talented and educated workforce, with broad access to higher education, recruitment and training programs, the Tampa area has become one of the best labor markets in America.

Tampa houses almost 80 colleges, universities and technical schools, training today's students for tomorrow's jobs.

The University of South Florida is one of the largest universities in the country and is ranked among the top 50 public universities in both the Times Higher Education World Survey and the Academy Rankingfor World Universities.

It is also one of the most diverse globally, with over 4,000 international students and 200 research academics from 138 different countries.

Tampa also contacts the University of Tampa, considered one of the "Best Colleges in the United States" by Forbes.

Almost a quarter of its graduate students come from outside the United States, encouraging opportunities for diverse cultural and educational exchange.

Tampa is home to several specialized programs and industry groups that meet manufacturers' needs.

The American Manufacturing Skills Initiative (AMskills) offers a sponsored, high-tech learning program to train future manufacturing technicians, engineers and CEOs.

Inaugurated in the United States, AMskills works with the German Embassy's Skills Initiative, presenting an American approach to the proven training scheme that underpins the success of the German manufacturing model.

4 - Infrastructure

With a multimodal transportation system that supports nearly 20 million residents and 100 million visitors each year, Florida's infrastructure is ranked second in the country, with the Tampa region as one of its major points, which reinforces that this is one of the best cities to invest in in Florida.

Port Tampa Bay is Florida's largest seaport in tonnage and geographic area, handling more than 37 million tons of cargo per year and covering more than 5,000 acres.

Port Tampa Bay is the country's deep-water gateway closest to the Panama Canal and an unparalleled connection point with Latin America.

The new Tampa Gateway rail terminal extends the reach of Port Tampa Bay to the Midwest, Northeast and other national destinations through the CSX Rail Network.

In addition, there is a five-year plan to invest $380 million in docks, terminals and navigation improvements.

Tampa International Airport (TPA), located just 15 minutes from the commercial district of downtown Tampa, is one of the country's most convenient and efficient airports for business travel.

With major interstate systems I-4, I-75 and I-275 passing through the region, Tampa is connected to major U.S. cities such as Atlanta, Cincinnati, Orlando and Detroit.

Thanks to these interstate systems, those who live and work in Tampa are able to reach over 33 million consumers in an eight-hour journey.

Tampa Bay offers an efficient fiber optic network available for residential and small business use.

This network not only offers TV and voice services of the highest quality, but broadband connections have download speeds of up to 150 Megabits per second and upload speeds of up to 35 Megabits.

Tampa Bay is also home to the country's largest concentration of certified LAN installers. These business sites guarantee companies fast and reliable access to the most advanced technology, including voice, data, video communication services and high-speed wireless Internet access.

These are the points that make Tampa one of the best places to invest in Florida and in the face of so many positive points to implement a business, this is also one of the best cities to invest in the United States.

Whether your interest in investing in Florida is opening a business or buying a project already underway, our team of experts can map out the best offers and present you with excellent investment options.