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Highlights of Economic and Business Growth in the Tampa Bay Region
Date:9/23/2008

pa Bay and expand its operations. The Sarasota-based company, which produces more than 70 percent of the world's cockpit voice and flight data recorders (or "black boxes") and 80 percent of the world's marine recorders, signed a 10-year lease on its existing 100,000-square-foot facility with plans to expand their Manatee County operations. L-3 Aviation Recorders, a division of New York-based L-3 Communications (NYSE: LLL), employs 250 in Tampa Bay. (Contact: Jessica Parsons, 941-330-6369, Jessica.parsons@L-3com.com)

Draper Laboratory to Expand into Tampa Bay

Charles Stark Draper Laboratory, one of the world's leading independent research and development laboratories engaged in applied research, engineering and development, announced it will be establishing a BioMEMS R&D Center at the University of South Florida (USF) in Tampa and a Multi Chip Module (MCM) Center in St. Petersburg. The announced expansion will create 165 jobs with an average wage of $75,000. Draper will be a research partner with the University of South Florida, SRI International and others to form the nucleus of a micro-technology cluster in Tampa Bay. Additionally, Draper will be working with Progress Energy (NYSE: PGN) on energy production efficiency improvements. Draper Laboratory qualified to receive $15 million for the multi-location, multi-county project from Florida's Innovation Incentive Fund, established in 2006 to attract world class research institutes to Florida. (Contact: Amy Schwenker, 617-258-2601,

SOURCE Tampa Bay Partnership
Copyright©2008 PR Newswire.
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