When it comes to improving economically, jobs have always been the remedy. So it seems fitting that a global pharmaceutical company like Bristol-Myers Squibb would inject itself into Tampa Bay, bringing with it 579 jobs.
"The economy is growing nationally, but it's really growing fast here in Tampa Bay," said Rick Homans, President and CEO of the Tampa Hillsborough Economic Development Corporation.
Bristol-Myers Squibb, makers of products like Abilify and Plavix, plans to open a 70,000 square foot center somewhere in Tampa in January. Salaries for workers will be around $65,000, well above the local and state average.
Commissioners in Hillsborough County offered the company tax incentives based on those jobs: $2.1 million worth, but that money comes with strings attached.
"There's zero upfront dollars, and it's only after they've reached the threshold of 579 jobs will they begin to receive payments, again, spread over minimum of seven years," said County Commissioner Ken Hagan.
In a statement, the company said it chose the area because of its workforce, business climate and university presence. USF, UT and Hillsborough Community College were all involved in the process.
"Announcements like this one from Bristol-Myers Squibb show that companies are taking notice of our economic turnaround and that it's working in Florida," Governor Rick Scott said in a statement.
"Today its Bristol-Myers Squibb, yesterday it was Copa Airlines flying directly out of Tampa International, we're talking to Amazon," Homans said. "We're on a roll here in Tampa," he said.
FOX 13 / WTVT-TV
Didn't find what you were looking for?