South Florida sees gains in relocating tech workers to the region, but are they enough to fill the demand?
According to an independent study done of eMerge Americas by the Washington Economics Group about the last ten years, we have generated over 10,000 jobs in our state. Not only are they incredible jobs, 81% of the jobs are high-earning, high-wage jobs.”
BayCare Generates $10 Billion in Economic Impact Annually
BayCare, the leading not-for-profit health system on Florida’s West Coast, has grown by 17% as a regional economic engine since 2020, generating $10 billion in economic impact in Florida, according to a study released by BayCare and Washington Economics Group today. Following a pandemic that resulted in shutdowns, high patient loads and a stressed workforce, BayCare recovered to create new jobs and facilities while expanding its reach in underserved areas.
Economic Impact Numbers of Road America Announced
The Washington Economics Group (WEG) was retained by Road America as independent consultants to estimate the comprehensive economic impacts associated with the ongoing operations of Road America on both Sheboygan County as well as the entire state of Wisconsin.
FVF and Weatherford Capital Released WEG Economic Impact of VC in Florida
Florida Venture Forum and Weatherford Capital announced the results of the economic impact of the VC and VC-backed private equity industries on Florida economy. The Study conducted by The Washington Economics Group (WEG), a boutique economic consulting firm led by nationally recognized business economist J. Antonio (Tony) Villamil, measured economic impacts of $85.4B over a 10-year study period (2012-2021) — nearly half a million jobs created, accounting for $27B in household income and contributing $44B to the State’s GDP — impact by metro: South Florida ($54.8B), Tampa ($12.7B) and Orlando ($9.4B) while several markets in North Florida also benefited substantially.
Tampa General Hospital and Tampa Bay Economic Development Council Partner to Grow the Tampa Medical and Research District
Tampa General Hospital (TGH) and the Tampa Bay Economic Development Council today announced a partnership to expand and enhance Tampa’s burgeoning Medical and Research District. This district, inspired by renowned medical districts in the nation’s greatest cities, houses a growing hub of world-class clinical care, academics, research, and biotechnology anchored by one of the largest academic health institutions in the nation – Tampa General Hospital and the USF Health Morsani College of Medicine.
Boom: Space Florida rockets closer to $1B annual impact
A report released this week shows a total economic impact of $5.9 billion from Space Florida’s work since its 2007 launch. That includes delivering $2.8 billion to Florida’s gross domestic product, another $1.7 billion in household income, along with some $548 million in tax revenues.
Institute for Commercialization of Florida Technologies Delivers $4.1 Billion Economic Impact
The Institute for Commercialization of Florida Technology (the Florida Institute) announced today the results of a new study conducted by The Washington Economics Group (WEG), a Coral Gables-based boutique economic consulting firm led by nationally recognized business economist J. Antonio (Tony) Villamil, founder and senior advisor
USF’s state-of-the-art facility continues to foster Tampa’s innovation ecosystem
USF’s innovation enterprise generates more than $582 million in statewide impact each year, sustains more than 4,000 jobs and returns more than $71 million in tax revenue to local, state and federal coffers, according to a 2019 analysis from the Washington Economics Group, a leading national firm.
Embry‑Riddle’s Research Park Boasts Big Returns in New Economic Impact Study
Embry‑Riddle Aeronautical University’s Research Park generated $137 million of total economic impact in Florida last year — a 50% increase from numbers reported in 2019 — according to an independent study conducted by The Washington Economics Group, Inc.
Bahia Mar New Economic Impact Study Would Generate at Least $1.43B for Broward County
The new economic study, released Dec. 1, was commissioned by Tate’s Rahn Bahia Mar LLC and prepared by J. Antonio Villamil of The Washington Economics Group, Inc. (WEG) in Coral Gables with Kevin Crowder of North Miami-based BusinessFlare. The report asserts that the Bahia Mar project will create an estimated economic impact throughout Broward County of $1.43 billion during all the phases of construction.
Institute for Commercialization of Florida Technology Delivers over $3.4 Billion Economic Impact
The Institute for Commercialization of Florida Technology (the Florida Institute) announced the results of a new study conducted by The Washington Economics Group, Inc. (WEG), a Coral Gabes-based boutique economic consulting firm led by nationally recognized business economist Dr. J. Antonio (Tony) Villamil.
Lakeland Regional Launching a Residency Program
Lakeland Regional Health’s quest to become a teaching hospital will soon become a reality with the first students expected to start on July 1, 2023, hospital CEO Danielle Drummond announced at today’s Lakeland City Commission meeting. The Graduate Medical Education program will build gradually and expects to reach its capacity of 190 residents five years after launching, Drummond said.
WEG Report: Tampa technology organization creates over $740 million in economic impact
A new report states the Institute for Commercialization of Florida Technology has created a more than $740 million economic impact, as technology and startup companies continue to raise funding, create new jobs and new products. Coral Gables-based The Washington Economics Group Inc. released a report stating the Tampa-based institute’s economic impact jumped $259 million in the 2019-20 fiscal year. The institute, which calls itself a “one-stop shop for investors and entrepreneurs,” helps create jobs in industries such as life sciences and information technology.
Institute for Commercialization of Florida Technology Delivers over $2.6 Billion Economic Impact
The Institute for Commercialization of Florida Technology (the Institute) announced today the results of a new study conducted by The Washington Economics Group, Inc.® (WEG), a Coral Gables-based boutique economic consulting firm led by nationally recognized business economist J. Antonio (Tony) Villamil.
WEG New Study Measures Impact of Florida Startups
The Institute for Commercialization of Florida Technology had a $743 million impact on the state’s economy in fiscal year 2019-2020, according to a new study from The Washington Economics Group. The Coral Gables consulting firm also found companies that are part of the Institute support 3,994 jobs in FY 2019-2020, with average earnings per job exceeding the statewide average. The companies raised more than $50 million in capital. Their impact on GDP was $397 million, and they add $77 million to federal, state and local fiscal revenue, according to a news release. In the past 10 years, companies in the Institute have had $2.6 billion in economic impact. The Institute supports new companies in Florida that create clean jobs in knowledge-based industries driving the global economy.
Embry-Riddle Aeronautical University Serves Global Industry Partners and Star-Ups Alike
A newly released report by The Washington Economics Group, Inc. (WEG) shows that Embry-Riddle’s contributions to Florida are significant and growing. The university’s overall activities result in a total economic impact of nearly $2 billion and support more than 14,800 permanent jobs for Florida residents.
BayCare Thrives as a Powerful Economic Engine with an annual $8.5 Billion Impact in Florida
BayCare Health Systems continues to grow as a powerful economic engine with an $8.5 billion annual impact in the state of Florida, according to a study from The Washington Economics Group (WEG). That economic impact is 29 percent higher than just four years ago.
New WEG Economic Impact Study: Embry-Riddle Research Park Making Local Impact 3 Years after Launch
A new Economic Impact Study by The Washington Economics Group Inc. (WEG), an economic consulting firm based in Coral Gables, Florida, finds the research park well on its way towards fulfilling that promise. “Embry-Riddle’s Research Park is a significant generator of economic activity in Florida, creating over (direct and indirect) 500 jobs, most of which are high-wage.” The park has also boosted the local economy by more than $90 million, according to the report .
WEG New Study: Embry-Riddle Aeronautical University’s Economic Impact in Florida and Arizona Surpasses $2.3 Billion
The overall economic impacts of premier aviation and aerospace institution Embry-Riddle Aeronautical University in Florida and Arizona now surpasses $2.3 billion – up 44% since 2016, the independent Washington Economics Group (WEG) has reported. Embry-Riddle further supports nearly 18,000 jobs in Florida and Arizona – up from just under 14,000 jobs in 2016, making the university “a leading creator of high-wage employment in both state economies,” according to the new WEG report.
Atlantic Sapphire: Massive land-based salmon farm rising in Homestead | Miami
“The U.S. imports 95% of its salmon. We’re changing that,” said Johan Andreassen, co-founder and CEO of Atlantic Sapphire, in an interview with The Miami Herald. “This is the next level of salmon farming.” Atlantic Sapphire, one of the world’s largest land-based salmon farms, is harvesting salmon in 36 large tanks in the Homestead area where 2.5 million salmon have been born at the facility and will complete Phase 1 in July, 2020.
The Institute for Commercialization of Florida Technology has had a nearly $1.9 billion total economic impact in the state over the past nine years.
Since 2011, the innovation-based Florida startups funded by the nonprofit Institute have created 12,077 jobs, increased household income by $722 million, raised gross domestic product by $981 million and contributed $220 million in federal, state and local fiscal revenue, according to a new study by The Washington Economics Group Inc. In the past year alone, the economic impact of the Institute’s operations and growth of funded companies was $485 million, a 19 percent increase over the prior year, the study said.
New WEG Study: USF’s Innovation Enterprise Infuses $582 Million Yearly into Florida’s Economy
According to a new analysis by The Washington Economics Group, Inc. (WEG), the economic impact of the University of South Florida’s innovation efforts have grown at a rapid pace, increasing by more than 45% over the last three years to $582 million annually.
Virginia Tourism Corporation to Sponsor VIR Race
Virginia Tourism Corporation will sponsor the IMSA Michelin Pilot Challenge Series race at VIRginia International Raceway on Saturday, Aug. 24. The race will be known as the Virginia is for Racing Lovers Grand Prix and will be one of the events that will be part of the IMSA WeatherTech SportsCar Championship race weekend Aug. 23-25 at VIRginia International Raceway.
WEG-Rolling Loud Study Quoted in mxdwn.com
In an article published by mxdwn.com on July 23, 2019, Rolling Loud New York unveiled its inaugural line-up, featuring a studded cast of hip hop artists such as Travis Scott, Lil Uzi Vert among others. This festival is scheduled to take place on October 12th and 13th at the Citi Field in Queens. Tariq Cherif and Matt Zingler began the festival in South Beach Miami earlier this decade, and have been a major force in the city’s economy, raking in $76 millionn for the City, according to The Washignton Economics Group, Inc. (WEG) economic impact study conducted in 2017.
