We help entrepreneurs set strategic direction, round out their teams and establish relationships with other companies. From its high-tech research and development capabilities, skilled talent pool and telecommunications infrastructure to the central location and low cost of doing business, the New World Corridor has the resources that allow technology businesses to prosper.
The resources of the New World Corridor include the research and development of the National High Magnetic Field Laboratory, which boasts the highest-powered magnetic fields in existence. These unique tools are broadly applicable to research in physics, materials science, chemistry, biochemistry, biology and biomedicine. The lab also includes sites at the Los Alamos National Laboratory in New Mexico and the University of Florida in Gainesville.
The State of Florida’s investment in the institution over the next 10 years will generate $1.5 billion in output (value of goods and services produced) and $670 million in income while generating 15,669 jobs across the state economy.
Public funding for the National High Magnetic Field
Laboratory injects hundreds of millions of dollars annually into Florida’s economy.
- Public funding for the National High Magnetic Field Laboratory injects hundreds of millions of dollars annually into Florida’s economy.
- Number of employees working at the Tallahassee branch: More than 400
- Ph.D.s at the Tallahassee branch: 146
- Total investment in infrastructure from all budget sources through 2007: $182 million
- Annual operating budget: $31 million
- Percentage of budget by the National Science Foundation: 80%
- Percentage funded by the State of Florida: 20%
- Electric bill for the lab’s Tallahassee headquarters, 2006:
$6 million (75 percent is attributed to magnet usage) - Number of students taught each year through the Magnet Lab’s educational outreach program: 6,000
The New World Corridor boasts a number of other prestigious research facilities. Pensacola is home to the Institute for Human and Machine Cognition, the Pensacola Information Technology Task Force and the Information Technology Association of the Gulf Coast. Pensacola also hosts the Southern Research Institute and Naval Education and Training Professional Development and Technology Center (NETPDTC).
Ft. Walton Beach is home to the Okaloosa Applied Technology Center, while Gainesville hosts the Florida Institute for Sustainable Energy and the Gainesville Technology Enterprise Center.
Tallahassee is the home of two prestigious research universities, Florida State University and Florida A&M University.
The heritage of the New World Corridor includes the research and development of the National High Magnetic Field Laboratory, which offers the highest powered magnetic fields in use, and attracts an international community of scientific visitors. These unique tools are broadly applicable for research in physics, materials science, chemistry, biochemistry, biology, and biomedicine.
