Director’s Message: Magnetic Momentum


Home to cutting-edge research centers, one of the top engineering colleges in the state, and world-class research universities, Tallahassee-Leon County is in a unique position to cultivate a business environment that thrives on the technology and innovation that is researched and developed at these Centers of Excellence. The Office of Economic Vitality is committed to working with our ecosystem partners in identifying business opportunities and leverage our community’s innovative research and diverse talent pool.

With the launch of the Magnetic Task Force in 2017 and the “Magnetic Capital of the World” campaign in 2018, OEV has made magnetic research and technology one of the economic priorities in Tallahassee-Leon County. 

I am happy to begin 2021 on a positive note by highlighting job creation and business development within this targeted industry. Just before the holidays, we together with Innovation Park announced that Danfoss Turbocor, the pioneer of the world’s first oil-free magnetic bearing compressor for the HVACR industry, planned to further invest in and expand its Tallahassee manufacturing facility. This expansion is a multi-million dollar capital investment in a new 65,000-90,000 sq. ft. facility on 16 acres of land and would bring 239 new manufacturing and research jobs to Florida’s capital community, which will expand high-wage jobs to local residents

My team and I are proud to have worked with Danfoss and the Leon County Research and Development Authority (LCRDA) at Innovation Park to make this possible. Tallahassee-Leon County truly is the Magnetic Capital of the World and look forward to the continued momentum in Florida’s capital city.

Happy New Year and Stay Healthy Tallahassee,

Cristina Paredes, Director 

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