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Number 8: Florida
The following is a list of special incentives enacted by the Florida legislature and adopted by individual business communities:

  • Limited use tax exemption for self-constructed assets for R&D manufacturing and exemption for new/expanding businesses.

  • 15 year net operating loss carryforward.

  • Enterprise Development Corporation works to facilitate growth and development of technology companies.

  • Sea Grant Program provides funding for marine research, education, and extension.

  • 2 incubators, one that encourages new biotechnology, pharmaceutical, biomedical device, instrumentation, and health related patient delivery service companies, and provides business and technical assistance. The other works to transfer biotechnology research from university to marketplace

Business Facilities Magazine (Oct. 1999) ranked states with thriving biotechnology industries. The rankings were based on the following factors:

1. The total biotechnology employment in 1999.
2. The numeric change in the number of jobs added between 1990-1997.
3. The total biotechnology establishments in 1997.
4. The numeric change in the number of biotechnology establishments from 1990-1997.