Inspirata, Inc. Locates Global Headquarters-Research & Development In Tampa, Florida
The company plans to invest up to $25 million in research and development activities. Jobs to be created include positions in research and development, sales and marketing, and administrative and regional management support.
“While we initially investigated other locations, Tampa really was our top choice when considering a location for Inspirata’s corporate headquarters, especially given the fact that the State of Florida and Tampa Hillsborough Economic Development Corporation were so supportive in helping us locate here,” said Inspirata Chairman/CEO Satish Sanan.
“From a pure economic standpoint, Hillsborough County and the City of Tampa are great places to launch a company because they’re so business friendly. Then, of course, there are all of the added benefits like being less than 15 minutes from one of the country’s best international airports, and having access to high-quality graduates from the outstanding universities and colleges in the area. Finally, but not the least of our considerations, was the fact that the core group of employees joining Inspirata have all lived in the greater Tampa Bay area for many years. Since this is our home, we have a vested interest in seeing the area prosper economically,” he added.
Governor Rick Scott said, “We are happy to announce Inspirata’s creation of 70 new jobs in Tampa. Jobs like these mean Floridians are able to build great careers and achieve their dreams in a field that is truly saving lives. Last year, we invested $80 million in our cancer research centers across the state, because we are committed finding a cure for this terrible disease. We will continue working to make Florida the number one destination for jobs by cutting taxes and investing in education.”
“Thanks to Governor Scott and our Legislative leaders, Florida continues to offer the resources and pro-business climate needed to support innovative companies like Inspirata,” said Bill Johnson, Enterprise Florida President/CEO. “We look forward to watching Inspirata grow and wish them continued success.”
The project was made possible through strong partnerships between Enterprise Florida, the Tampa Hillsborough Economic Development Corporation, Hillsborough County, the City of Tampa and the Florida Department of Economic Opportunity.
“With the arrival of Inspirata, Hillsborough County is taking another exciting leap forward in the growth of our life sciences industry,” said the Hon. Sandy Murman, Chair of the Hillsborough County Board of County Commissioners. “Our community has become a magnet for highly innovative organizations that are transforming healthcare delivery. Inspirata joins as impressive roster of life sciences companies that recently chose Hillsborough County for relocation or expansion, including Bristol-Myers Squibb, HealthPlan Services, Synergy Health, Covidien, Smart Science Labs, LifeLink and Biologics Development Services.”
“By selecting Tampa as the site of its new global headquarters, Inspirata validates our efforts to build an ecosystem for disruptive new medical technologies with events like MediFuture and position this region as the epicenter of healthcare innovation,” said Dr. Ronald Vaughn, Chair of the Tampa Hillsborough Economic Development Corporation and President of the University of Tampa. “We are thankful for their investment in our community, and welcome them to the growing cluster of life sciences businesses that call this region home.”
In September 2014, the Hillsborough County Board of County Commissioners and the Tampa City Council approved a local incentive package of $140,000, supporting a commitment of $560,000 from the State of Florida through the State’s Qualified Target Industry program. The total QTI allocation of $700,000 will provide the company with $10,000 per job for each of the newly created positions. The incentives, to be distributed over a period of six years, are performance-based, meaning funds are only paid after the jobs are created at the wages promised.
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