Sarasota High-Tech Hub Grooms Younger Generation of Homeowners


SARASOTA, FLORIDA, May 19th, 2014 – Chances have grown better for the young adult community in Sarasota and Manatee to pursue careers locally instead of seeking greener pastures elsewhere. This development drives household formation and spurs demand for Sarasota homes. It is being fostered by the recent emergence of the Florida High Tech Corridor as one of the country’s emerging hubs for technology development.

This corridor is a 23-county region whose coverage includes Sarasota and its northern neighbor Manatee. It is the offshoot of a regional economic development initiative whose objective is to encourage growth of high tech industry and innovation through partnerships supporting not only workforce and entrepreneurship but also research and marketing.

Push from academe and business sector

This mission is pursued under the Florida High Tech Corridor Council (FHTCC), a collaborative effort by the University of Florida, University of Central Florida (UCF), and the University of South Florida which has its campus in Sarasota. The Economic Development Corporation of Sarasota County is likewise one with the academe in actively pursuing this objective.

Although still relatively modest, Sarasota’s tech sector has been exhibiting growth in recent years. One good example is Sarasota-based Voalté whose smartphone technology enables direct communication among healthcare personnel through voice, alarms and text. Headquartered at Fruitville Road., it is currently implementing a $6-million expansion program which calls for an increase of its workforce up to 150 till around mid-2014.

Lower cost of living entices locators


MobileBits Corporation, Sarasota-based innovator in mobile marketing and shopping application, likewise announced recently that it plans to expand its operations by 2,000 square feet, a move expected to create 40 new job positions. In addition to its U.S. customers, MobileBits has signed several agreements with major Canadian brands which were seen as rapidly expanding the Sarasota company’s mobile tech applications in Canada.

To support its business growth, MobileBits will require not only software developers. It will also need professionals in marketing and customer service to further expand its technology applications in other markets around the world.

MobileBits said it decided to stay and expand in Sarasota because of its lower cost of living but superior active lifestyle compared to other tech hubs. This is certainly a sound decision. For example, the University Parkway, home to many life and leisure centers including a large mall under development, is just a short distance northwest of the company’s facility at the IntegraClick Business Center in N. Honore Ave. The same can be said of Voalté whose location in Fruitville is close to this road’s intersection with Honore Ave. going southward.

Home options abound

Several golf and country clubs and their satellite residential communities are also nearby. Among these are The Meadows and The University Park Country Club which currently have some listed properties in the MLS of Sarasota homes for sale.

Options are likewise available at other neighborhoods in the locality, such as Sarasota Springs. A recent MLS listing here was priced a shade under $120,000, featuring two bedrooms and one bath in its floor area of 976 square feet. Another recent property was quoted at close to $160,000 for its 1,379-square-foot floor plan, designed with three bedrooms and two baths.