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Posted by mddiadmin on March 1, 2007

BUSINESS PLANNING & TECHNOLOGY DEVELOPMENT

Jacksonville offers a variety of incentives for companies in the medical products and services industry, a dynamic and growing sector in northeast Florida. The area has a rich tapestry of medical products and healthcare services organizations. Medical products companies in the area include Vistakon, a Johnson & Johnson company; PSS World Medical Inc.; Medtronic Xomed Inc.; and W. Lorenz Surgical, a Biomet company.

Northeast Florida has a strong presence of nationally recognized health research organizations, including the Mayo Clinic, Shands Jacksonville—a teaching hospital for the University of Florida—and the Proton Therapy Institute. All of these institutions have readily available clinic and laboratory space for researchers and medical practitioners. Areas of specialization at these institutions include brain and neurogenerative research and development (R&D), cancer R&D, and medical device manufacturing. In addition, Jacksonville has more than 1 million people within a 50-mile radius and is a prime location for clinical trials.

Jacksonville's incentives include low property taxes, no state income taxes, and no business inventory taxes. Incentives are available for high-wage job creation, and other infrastructure grants are available depending on the needs of the project and the capital investment. Florida Community College at Jacksonville (FCCJ) offers the Quick Response Training program, which facilitates training of employees in the medical products and services industry.

Jacksonville University, University of North Florida, and FCCJ all offer degrees in a variety of medical fields. In addition to the already sizable life sciences workforce that resides in Jacksonville, the potential to retain military personnel emerging from service is also promising. These individuals often possess skills that are easily transferable to the medical products and services industry.

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