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Florida Medical Manufacturers Endorse Governor Scott's Proposal to Eliminate Sales Tax on Manufacturing Machinery & Equipment

Florida Medical Manufacturers Consortium Logo

TALLAHASSEE, Fla., March 14, 2013 (GLOBE NEWSWIRE) -- The Florida Medical Manufacturers Consortium (FMMC) today announced its full support for Governor Scott's legislative priority to eliminate the current sales tax on the purchase of manufacturing machinery and equipment. The FMMC urges the Florida Legislature to pass this important legislation to remove a significant competitive disadvantage for Florida manufacturers and help grow this key sector of our economy.

"Florida's medical device manufacturers compete for business, everyday, with facilities in other states and nations that simply do not tax capital equipment," said Geary Havran, FMMC Chairman, and President and CEO of NDH Medical, Inc. "Taxing manufacturing equipment discourages capital investment and retooling, and therefore negatively impacts the long-term competitiveness of Florida manufacturers."

Florida is home to one of our nation's largest medical device economies – encompassing 662 medical device manufacturers, employing nearly 21,000 Floridians and paying an average annual wage of more than $60,000. Florida ranks 3rd nationally in the number of FDA-registered medical device establishments.

The Florida Medical Manufacturers Consortium (FMMC) is a statewide association of medical technology firms that make everything from bandages and tubing, to precision surgical tools and implantable devices. The FMMC exists to unite, promote and grow the Florida Medical Device Industry, and to enhance the business success of its member companies. The FMMC accomplishes its mission via three (3) strategic priorities: Networking; Industry Knowledge & Expertise; and Advocacy.

The Florida Medical Manufacturers Consortium logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=17600

CONTACT: John Ray Florida Medical Manufacturers Consortium (850) 270-3158 or director@FloridaMedTech.com

Source:Florida Medical Manufacturers Consortium