Recent Business Developments Boost Tampa Bay’s Real Estate Market

Recent business expansion endeavors in Hillsborough County are expected to further boost the already fast recovering  Tampa Bay real estate market.  Home prices have been rising again, properties are not staying long on the market, sellers are getting pleasantly overwhelmed by purchase offers, and buyers are paying nearly 100% of what the sellers are asking.

Here are some of the most recent significant growth endeavors in the  Tampa Bay business sector.

Depository Trust & Clearing Corp. (DTCC) Invests $4.8 Million to Create 255 New Jobs

The global financial services company Depository Trust & Clearing Corp. has decided to invest $4.8 million to expand its facility in Tampa to create 255 new jobs.  DTCC said that it chose the Tampa area for expansion because of the availability of a skilled workforce and the excellent quality of life that employees enjoy in the Tampa area.

DTCC also credited its partnerships with the University of South Florida, MacDill Air Force Base and other institutions for its decision.  High-wage jobs will be created in growth sectors such as information technology, finance and human resources.

Bioscience Firm Xcellence LLC Looking to Expand Again

Xcellence  LLC is on its path to become one of the top bioscience enterprises in Florida. After launching operations in its new warehouse and distribution facility in Westshore just a few months ago, the company is again looking for expansion as its Westshore facility has already reached its capacity.  Xcellence is growing fast because it does not only perform pharmaceutical development and manufacturing for its clients, it also does packaging and distribution for them.

Most of Xcellence’s clients are mid-size and large pharmaceutical companies and among its top projects are cancer drugs, orphan drugs and pharmaceuticals that can treat rare medical conditions.

Synergy Health Makes Tampa its Corporate Center for the Americas

UK-based Synergy Health, which provides outsourcing services to the health care industry, has relocated its corporate headquarters in the Americas from San Diego, California to  Tampa. It will hire about 30 more people to add to its current workforce of about 90 at its Race Track Road offices.  It also has other groups of workers at another operations plant in Tampa.  Synergy acquired SRI Surgical in July 2012 for about $28 million.

German Companies Will Explore Tampa Bay Area

Eight German companies operating in the pharmaceutical equipment cleaning, water filtration and aerospace industries are scheduled to visit the Tampa Bay area to explore distribution and sales activities in the region and possible manufacturing activities in the future.

Some German firms already operating here include Ruag Ammotec USA, UBS Financial Services, Key Trade and Zeppelin Systems USA.  Tampa Bay development officials traveled to Germany and Switzerland in April to meet businesspeople and encourage them to expand in Tampa.