Make us your home page
Instagram

Fast Company magazine picks Florida as No. 1 state for innovation

The May issue of Fast Company magazine names Florida as the country's No. 1 state for "innovation" and credits its major metro areas for creating thriving communities for business startups. Florida lands ahead of traditional innovation powerhouse states like No. 2 Texas, No. 6 California and No. 8 Colorado.

The magazine says Florida has the nation's second-highest rate of new business production and ranks high on fundable.com's venture capital rankings, Startup America says Florida is the No. 3 state for annual revenue per startup, with $1.2 million.

Fast Company also cites the state's fresh focus by major metros on startup cultures and says recruiting efforts to attract venture capital investors are showing early success. The magazine quotes Tonya Elmore, president of the Tampa Bay Innovation Center in Largo, noting the rise of supportive startup programs like "code camp, health camp, startup bus, startup weekend and hackathons" that "didn't take place even three or four years ago."

For its rankings, Fast Company says it analyzed the Bureau of Labor Statistics' launch rate of all private-sector businesses, as well as the Kauffman Index of Entrepreneurial Activity's percentage of people who are starting new businesses and how that percentage changed over time. It also tallied the percentage of jobs contributed by those less than 3 years old and how that percentage changed over five years, among other measures. For details, go online to http://bit.ly/YWS3ML.

Fast Company magazine picks Florida as No. 1 state for innovation 04/24/13 [Last modified: Wednesday, April 24, 2013 9:54pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Federal agencies demand records from SeaWorld theme park

    Tourism

    ORLANDO — Two federal agencies are reportedly demanding financial records from SeaWorld.

    Killer whales Ikaika and Corky participate in behaviors commonly done in the wild during SeaWorld's Killer Whale educational presentation in this photo from Jan. 9. SeaWorld has been subpoenaed by two federal agencies for comments that executives and the company made in August 2014 about the impact from the "Blackfish" documentary. 
[Nelvin C. Cepeda/San Diego Union-Tribune/TNS]
  2. Legalized medical marijuana signed into law by Rick Scott

    State Roundup

    TALLAHASSEE — Gov. Rick Scott on Friday signed into law a broader medical marijuana system for the state, following through on a promise he made earlier this month.

    Gov. Rick Scott signed legislation on Friday that legalizes medical marijuana in Florida.
  3. Line of moms welcome Once Upon A Child to Carrollwood

    Business

    CARROLLWOOD — Strollers of all shapes and sizes are lined up in front of the store, and inside, there are racks of children's clothing in every color of the rainbow.

    At Once Upon A Child, you often as many baby strollers outside as you find baby furniture and accessories. It recently opened this location in Carrollwood. Photo by Danielle Hauser
  4. Pastries N Chaat brings North India cuisine to North Tampa

    Business

    TAMPA — Pastries N Chaat, a new restaurant offering Indian street food, opened this week near the University of South Florida.

    The menu at Pastries N Chaat includes a large variety of Biriyani, an entree owners say is beloved by millions. Photo courtesy of Pastries N Chaat.
  5. 'Garbage juice' seen as threat to drinking water in Florida Panhandle county

    Water

    To Waste Management, the nation's largest handler of garbage, the liquid that winds up at the bottom of a landfill is called "leachate," and it can safely be disposed of in a well that's 4,200 feet deep.

    Three samples that were displayed by Jackson County NAACP President Ronstance Pittman at a public meeting on Waste Management's deep well injection proposal. The sample on the left is full of leachate from the Jackson County landfill, the stuff that would be injected into the well. The sample on the right shows leachate after it's been treated at a wastewater treatment plant. The one in the middle is tap water.