Tampa Bay is home to 20 corporate headquarters with over $1 billion in annual revenue, eight of which are Fortune 1000 companies. Almost 500 foreign-owned companies representing more than 40 nations are established in our community. As the commercial and industrial heart of the region, Hillsborough County – which includes the cities of Tampa, Plant City, and Temple Terrace – is a leading location for corporate site selection in North America.
Companies operating here enjoy low labor costs, favorable corporate tax policies, no personal income tax, and stable, pro-business leadership. Collaboration between state and local government and industry has resulted in effective development packages, targeted financial incentives, expedited permitting, and streamlined regulatory processes. These conditions have made Hillsborough County an ideal place for companies such as Bristol-Myers Squibb, Depository Trust and Clearing Corporation, Citigroup, Amazon, and USAA.
Recently, Fortune 500 The Mosaic Company announced plans to relocate its corporate headquarters, including senior executives and related functions, to Hillsborough County. Company executives cited the area’s cost advantages as well as closer proximity to Central Florida and Brazil – two sites where it has a significant presence as contributors to their relocation decision.
Find out why Bertram Yachts chose Tampa as the site of its headquarters.
The Tampa MSA is a magnet for young, educated people. Hillsborough County’s millennial population is growing 13 percent faster than the nation as a whole, according to U.S. Census data. Three public universities located within a short drive of Tampa Bay – University of South Florida, University of Central Florida, and University of Florida – are home to more than 150,000 students, over 60 percent of whom will stay in Florida upon graduation. Tampa Bay has more than 80 colleges, universities, and technical schools producing thousands of graduates for area employers each year. Approximately 92,000 veterans are in our active labor force as well, offering employers an invaluable source of uniquely trained personnel.