Focus on Future, But Don't Overlook Achievements of 2008
By Ray Gilley, President & CEO, Metro Orlando EDC
As we begin a new year in the midst of economic uncertainty, it is important to recall the mission of the Metro Orlando EDC: In concert with our investors and partners, to build a diverse economy capable of withstanding dramatic shifts in the global marketplace and to position Metro Orlando as the world's premier business location. Never has that charge seemed quite so vital, and never has your continued support for this important effort been as essential as it is today.
However, before we turn our attention to the year ahead, let's take a look back at the year just past. While the slumping national economy has received most of the headlines, it is important to recall the many significant achievements from which our regional economy benefited in 2008. The magnitude of this list may take you by surprise. Here's a re-cap of the year:
Locations and Expansions
House of Moves - a nationally recognized motion capture studio that has worked on projects including Titanic and Beowulf - opened the doors of its East Coast studio, co-locating with UCF's Florida Interactive Entertainment Academy (FIEA) in downtown Orlando.
France's Aromatech Flavoring's Inc., which develops flavors for food products, and Canada's Trihedral Engineering, a computer software developer serving utilities and manufacturers, were two international companies that chose our region for location of their U.S. operations.
Virtual Reality Medical Center (VRMC) and TeKONTROL, Inc. cut the ribbon on a unique R&D facility located in Orlando's Parramore area. The partners will design and produce specialized devices to provide emergency medical training for military and civilian healthcare workers utilizing simulation technology.
The Institute of Internal Auditors (IIA) announced that it will build an 85,000-square-foot Class A office building in Lake Mary, creating 141 new jobs with average salaries of over $60,000; Oviedo-based I-Con Systems purchased a 55,000-square-foot facility with plans to expand its manufacturing capacity and jobs; Sanford-based Roses Southeast Papers, LLC announced plans to add 20,000-square-feet to their existing facility, new equipment and up to 20 new jobs; and Lake Mary-based Market Traders Institute, recognized worldwide as the leader in Forex (foreign exchange) education and training, was approved for a state grant to train 116 new employees.
Blue Earth Solutions considered other locations in Florida, Kansas and California before selecting Clermont for the start up of its new tech business with plans to innovate the plastics manufacturing and recycling industries. The company expects to create 150 jobs and initially invest $10 million.
Channel Intelligence, Inc. announced that the software solution company will expand operations in downtown Celebration and create 420 new jobs.
Kaplan University, a leading provider of online higher education, will open a new online student support center in the Central Florida Research Park and expects to employ as many as 750 people over the next four years.
Southern Technical College will renovate and occupy the former SunTrust building along the 17-92 corridor in Sanford, creating 26 new jobs.
Florida Hospital and the Walt Disney Company unveiled plans for Disney Children's Hospital at Florida Hospital. This facility will be one of three hospitals in Metro Orlando focused on children - the others being Orlando Health's Arnold Palmer Hospital for Children and Nemours Children's Hospital.
Mitsubishi opened the doors to its most recent U.S. (and Metro Orlando) expansion - its $64.5 million new Blade & Vane Manufacturing Facility located in Orlando Central Park. With this third division establishment in our region, Mitsubishi expects to add approximately 225 new jobs.
Restor Telecom announced plans to add a 10,500 square-foot production facility adjoining their current Leesburg location, allowing them to add 26 employees.
EZYield.com's relocation of their corporate offices to Winter Springs allows them to double the company's space and add 51 new jobs, which will triple their employment.
UCF and Siemens expanded their partnership, opening the new Siemens Energy Center at UCF where engineer training and advanced turbine research will be conducted.
SEOS completed its new 34,000-square foot facility in Oviedo, which now serves as the simulation company's U.S. manufacturing and headquarters location.
Metavante Corp, a world leader in the development of software technology for the banking and financial industries, agreed to remain and expand in Central Florida, leasing half the space in the Maitland Summit Park III building scheduled for completion in late 2009.
The U.S. Department of Veterans Affairs (VA) completed acquisition of 65 acres of land at Lake Nona, allowing construction to begin on the highly-anticipated $656 million VA Hospital medical complex, which will soon become the most state-of-the-art Veteran's Hospital in the world and could employ up to 2,500.
The Burnham Institute announced that its facility at Lake Nona is slated to receive $40 million in research funding from a National Institute of Health (NIH) grant, which will be used to equip and manage small-molecule screening and discovery centers.
Also at Orlando's new "Medical City" at Lake Nona: Tavistock Group announced plans to build a wet lab; Nemours received approval to build a pediatric healthcare system, anchored by the Nemour's Children's Hospital; M.D. Anderson Cancer Center Orlando's Cancer Research Institute (CRI) announced that they will locate in the new UCF Burnett Biomedical Sciences Building, which is under construction adjacent to the coming UCF College of Medicine; and Osceola County Commissioners and officials from the FDOT and Metroplan broke ground on the Narcoossee Road expansion, which will serve this fast-growing business hub from the south.
On the film front, feature films Bait Shop and Beethoven: The Reel Story, and reality TV show Bridal Boot Camp, were among the dozens of film and commercial projects produced here.
