Governor Scott Announces Prime Therapeutics New Home in Orlando

Oct 4 • 118 Views • View Comments

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Governor Scott Announces Prime Therapeutics New Home in Orlando
Company’s expansion to Orlando to add 213 jobs

Orlando, Fla. – Today, Governor Rick Scott welcomed Minnesota-based Prime Therapeutics (Prime) – a pharmacy benefit management company focused on making it easier for members to get and stay on the medicine they need – to Orlando, Florida.

Prime Therapeutics’ new 55,000-square-foot building in Southridge Commerce Park will bring 213 new jobs to the region over the next three years. “Today’s move is another strong step in the right direction for Florida and an example of how our state is open for business,” said Governor Scott said of the $18.1 million capital investment.

The State of Florida, Enterprise Florida, Orange County, the Metro Orlando Economic Development Commission (EDC), CNL Real Estate Group, Progress Energy and Workforce Florida have been important partners in this successful corporate expansion project.

Over the last fiscal year, Enterprise Florida has announced more than 140 projects that are expected to yield more than 25,000 more jobs to Florida through competitive projects. Projects that may have been lured to other states.

“Prime Therapeutics’ move to Florida shows we are making strides in the health and medical services arena,” Governor Scott said. “This is an important sector for new job creation, and we strengthen the capacity for it when we attract growing, high-level companies.”

“We are excited to create this foothold in Florida and create new jobs for Orange County and for Prime,” said Eric Elliott, president and CEO of Prime. “We have been impressed with the level of support among the organizations in this state, and look forward to calling Florida home as we’ve done with our other operations in Minnesota, Texas, New Mexico and Nebraska. Prime has hired, and will continue to hire, pharmacists, pharmaceutical technicians, licensed practical nurses, registered nurses and medical billing and customer service representatives.”

“As we work to diversify Orange County’s economy, the addition of Prime complements our growing life sciences industry,” said Orange County Mayor Teresa Jacobs. “This is great news for Orange County and we welcome Prime to our community.”

The EDC has worked closely with Prime over the last several months, assisting with information on the business climate, workforce, employer interviews with companies from the region’s specialty pharmacy cluster, and incentives facilitation.

“We are pleased with the expansion of Prime to Orange County as this represents success in one of our priority sectors in the coming year – specialty pharmaceuticals,” said Rick L. Weddle, president and CEO of the Metro Orlando EDC.

Progress Energy Florida, a subsidiary of Duke Energy, the electric provider in the area, worked closely with the Metro Orlando EDC and others on the recruitment efforts and package to entice Prime to locate in Florida over competing sites in Missouri and Pennsylvania. Progress Energy serves about half of the specialty pharmacy industry in the Orlando region. An estimated 70 percent of the nation’s specialty pharmaceuticals are distributed through Orlando.

“Economic development is a team effort,” says Alex Glenn, incoming Duke Energy state president – Florida. “We focus on collaborating with business and economic development partners at the local, state and regional levels. These partnerships fuel successes such as Prime’s new Orlando operations and the hundreds of skilled jobs that come with it.”

About Prime Therapeutics
Prime Therapeutics is a pharmacy benefit management company dedicated to providing innovative, clinically-based, cost-effective pharmacy solutions for clients and members. Providing pharmacy benefit services nationwide to 20 million covered lives, its client base includes Blue Cross and Blue Shield Plans, employer and union groups, and third-party administrators. Headquartered in St. Paul, Minnesota, Prime Therapeutics is collectively owned by 13 Blue Cross and Blue Shield Plans, subsidiaries or affiliates of those Plans. Learn more at www.primetherapeutics.com.

About the Metro Orlando EDC
The Metro Orlando Economic Development Commission (EDC) is a not-for-profit, private/public partnership. The EDC serves Orange, Seminole, Lake and Osceola counties and the City of Orlando in Florida. Since its start in 1977, the EDC, with the support of its community partners, has assisted thousands of companies relocate, expand and grow in the four-county Metro Orlando (Florida) region. This has led to the creation of more than 165,000 jobs; over $9.2 billion in capital investment; and almost 77 million square feet of office and industrial space leased or constructed. For more information, visit www.OrlandoEDC.com.

About Enterprise Florida, Inc.
Enterprise Florida, Inc. (www.eflorida.com) is a partnership between Florida’s business and government leaders and is the principal economic development organization for the state of Florida. Headquartered in Orlando, Enterprise Florida’s mission is to facilitate job growth for Florida’s businesses and citizens leading to a vibrant statewide economy. In pursuit of its mission, Enterprise Florida works closely with a statewide network of economic development partners and is funded both by the State of Florida and by private-sector businesses.

About Progress Energy Florida
Progress Energy Florida, a subsidiary of Duke Energy (NYSE: DUK), provides electricity and related services to more than 1.6 million customers in Florida. The company is headquartered in St. Petersburg, Fla., and serves a territory encompassing more than 20,000 square miles including the cities of St. Petersburg and Clearwater, as well as the Central Florida area surrounding Orlando. Progress Energy Florida is pursuing a balanced approach to meeting the future energy needs of the region. That balance includes increased energy-efficiency programs, investments in renewable energy technologies and a state-of-the-art electricity system.

Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at: www.duke-energy.com.

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