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Business and Industry

Business and Industry

The Oviedo-Winter Springs area is well positioned for continued business growth and development. A strategic location places the two cities among leading educational institutions, globally recognized tourist destinations, three international airports, convenient highway systems and new, innovative development projects. All components of the service industry flourish here, with the additions of the developing SeminoleWAY high-tech corridor and UCF’s “Medical City” leading the way for an enhanced presence of biotech and high-tech industries. The modern Central Florida Research Park is a major draw for businesses interested in fashioning a relationship with the University of Central Florida. Located adjacent to the campus, the research park houses more than 100 companies employing approximately 9,500 people—including hundreds of UCF students and graduates. The 1,027-acre Central Florida Research Park houses office, office/lab and light manufacturing companies who take advantage of an exceptional location along the 408 Expressway and the resources of UCF. Fortune 500 companies and new entrepreneurs find a place in the Oviedo-Winter Springs area’s business-friendly environment. Various local, county and state incentives are available for new and expanding businesses here, including no personal income tax. In fact, Florida’s beneficial tax climate ranks No. 5 in the U.S., according to a 2010 Tax Foundation study. The area’s unmatched climate and valued small-town atmosphere also attract new enterprises. This unique quality of life is continually recognized among the finest in the country.

Seminole County Economic Development

The resources available for businesses in the Oviedo-Winter Springs area are endless. The Chamber Clinic provides confidential consultations regarding various small business issues, while Seminole State’s Florida Small Business Development Center offers a long list of services, including assistance with financing, marketing, business start-up, buying and selling a business and much more. The SBDC is a lead support agency for the Seminole Technology Business Incubation Center and the Central Florida University Business Incubation Center. Other noteworthy business-oriented organizations include Seminole County Economic Development, Metro Orlando Economic Development Commission, the Seminole Advisory Board and Enterprise Florida.

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