Florida Continues To Outpace National Economic Trends

Governor Ron DeSantis credits the Sunshine State’s economic growth to strong infrastructure and local community development.

Greater Fort Lauderdale Has The Address For Success

Countless companies—from startups and growing small- to mid-sized businesses to Fortune 500s—have made Greater Fort Lauderdale their address for success. From the region’s skilled labor pool, Florida’s low-tax and business-friendly regulatory environment, and an undeniably enviable quality of life, Greater Fort Lauderdale and the state rank high among the world’s attractive and competitive business locations.

Greater Fort Lauderdale (metropolitan Broward County) is home to more than 200 corporate and international regional headquarters, including AutoNation, Chewy, Citrix, El Al Israel Airlines, Hotwire Communications, JetBlue Travel Products, Kaplan Inc., Spirit Airlines, and West Marine. UKG, which was named in 2023 to both Forbes’ and Newsweek’s best workplace lists for diversity and women, is also co-headquartered in the area.

Greater Fort Lauderdale
Greater Fort Lauderdale has the largest metropolitan area in the Southeast United States with a population of 6.1 million and workforce of more than 3.1 million. (Photo: Sublime Imagery Studios for the Greater Fort Lauderdale Alliance)

 

At the geographic center of South Florida, the largest metropolitan area in the Southeast United States with a population of 6.1 million, and workforce of more than 3.1 million, it’s no wonder companies in high value industries, including aviation/aerospace and life sciences, are thriving in the area. Two recent examples are CTS Engines and Transpire Bio.

CTS Engines, an aviation maintenance repair and overhaul (MRO) business specializing in mature jet engine maintenance, will expand in Coral Springs, investing $17 million, creating 125 new jobs, and utilizing 214,000 square feet of space for a new facility.

“Our team at CTS Engines is incredibly excited for our expansion in the City of Coral Springs, growing our business and the MRO industry here in Broward,” said CTS Engines CEO Vesa Paukkeri. “Since our founding in 2002, we have striven to be the industry leader in providing efficient and cost-effective solutions that exceed our customers’ expectations and ensure the safety and reliability of their aircraft, and this expansion will help us fulfill that mission.”

Mayor Scott Brook said CTS Engines is a “welcomed addition” to the Coral Springs industrial community.

“With a prime location in our Osprey Logistics Park, the company, along with its 300 employees, will undoubtedly enhance our thriving and resilient business community,” Brook said. “I look forward to supporting their continued growth in the city with everything under the sun.”

Transpire Bio, a development-stage biopharmaceutical company celebrated the opening of its new research facility in Weston in late 2023.

The company is developing inhalation medicines for conditions including asthma, COPD, and diseases of the nervous system, creating more than 30 new jobs and making a capital investment of more than $100 million.

“We are thrilled to celebrate the opening of our new research facility and global headquarters in Weston,” said Dr. Xian-Ming Zeng, Chief Executive Officer of Transpire Bio. “Transpire Bio is motivated by the opportunity to make a lasting impact on patients’ lives when it comes to inhaled therapies, to contribute to Florida’s innovation economy, and to cultivate a pharmaceutical manufacturing workforce here.”

Another exciting addition to Greater Fort Lauderdale: Doroni Aerospace, LLC, a company innovating Vertical Takeoff and Landing, or “flying car,” technology in Pompano Beach, is adding 15 new jobs and making a capital investment of $250,000. The company recently received an airworthiness certification from the FAA.

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