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WEB EXCLUSIVE
BOSTON SCIENTIFIC EXPANDS MIAMI-DADE COUNTY LOCATION

In June, The Beacon Council announced that Boston Scientific Symbiosis Corporation will be expanding in its current location in Miami-Dade County, and is also enhancing its guidewire product line.

The Boston Scientific Miami Technology Center is a 352,000-square-foot facility that integrates leading-edge engineering, materials science, and manufacturing to produce products that support state-of-the-art, less invasive surgical techniques. The company currently employs almost 800 people in the Miami location.

The Beacon Council, along with Enterprise Florida, assisted Boston Scientific with a State of Florida Qualified Target Industry Tax Refund (QTI). The company will make a new capital investment of approximately $11,657,000 in Miami-Dade County. Boston Scientific is committed to creating 120 new full-time jobs within the first three years of its expansion, with an average salary of approximately $37,400.

"It is so important for us to assist our local companies to grow and expand, because local business creates local jobs," says Frank Nero, President & CEO of The Beacon Council. "We are pleased to have been able to assist Boston Scientific in its expansion, as this is indicative of increasing growth of the entire biomedical industry in South Florida."

This project announcement is significant, since biomedical is one of Miami-Dade's targeted industries, and one that has been in the forefront due to Scripps Florida locating in Palm Beach County, and the expansion of the University of Miami's clinical research and wet labs at the Miami Civic Center.

Recently, Governor Jeb Bush led a mission to California to promote Florida's biomedical industry at the international BIO 2004 trade show. The state of Florida was well represented with a Florida Pavilion exhibit, which showcased six regions from across the state.