Category: Opportunity

Here’s what St. Pete wants next in the Edge District

St. Pete Catalyst By: Margie Manning January 9, 2019 The city of St. Petersburg hopes to replace the old police headquarters with a mixed-use development that includes retail, office, mixed-income housing and possibly a hotel. The preferred project, in the 1300 block of 1st Avenue North, is described in a Jan. 7 request for proposal, as… Read more »

Startup Scene Emerges in Tampa-St. Pete

Station House, a co-working space in downtown St. Petersburg Known as Florida’s largest and fastest growing tech hub, Tampa Bay is determined to move beyond the stigma of a beachside getaway and transition into a thriving startup ecosystem with healthy investment opportunities. With backing from public and private partnerships, business owners, and government-led grass roots… Read more »

St. Pete 10 years after the recession: A city with confidence

A decade after the Great Recession, the St. Petersburg business community is thriving. The city’s three publicly traded companies — Jabil Inc., Raymond James Financial Inc. and United Insurance Holdings Corp. — are expanding, and United Insurance is poised to build the first new office building in the downtown core in nearly 30 years. Unemployment… Read more »

Opportunity Zones: The Benefits in St. Pete

Opportunity Zones, Opportunity Funds, St Pete, FL

Signed into law in late 2017, the Tax Cuts and Jobs Act of 2017 serves to incentivize investment in distressed communities by allowing the re-investment of assets, otherwise subject to a taxable gain, in a Qualified Opportunity Zone. Qualified Opportunity Zones are low income communities nominated by the governor of each U.S. state where reinvigoration… Read more »

St. Pete Shines at 36|86

ST. PETERSBURG, Fla. (September 20, 2018)-  The St. Petersburg Area EDC partnered with the City of St. Petersburg to bring the energy of the Sunshine City’s entrepreneurial ecosystem to Nashville for the annual 36|86 entrepreneurship conference in August 2018. EDC leadership led a team of St. Pete’s local entrepreneurs to Nashville for the two-day conference… Read more »

Gov. Scott: Tampa Bay Area Keeps Growing, Ranks Second for Job Creation

Florida Government Office of Rick Scott 45th Governor of Florida  St. Petersburg, Fla. (July 20, 2018) — Today, Governor Rick Scott announced that the Tampa-St. Petersburg area added 30,500 new private-sector jobs in the last year, creating the second-highest number of jobs among all Florida metro areas. Tampa’s unemployment rate was a low 3.8 percent, down… Read more »

Private Label Skin: Manufacturing Firm Chooses to Grow in St. Pete

Since its founding in 2012, Private Label Skin has aligned innovation in skincare with world-class manufacturing services. Serving predominately online marketers and retailers, PLS specializes in the anti-aging segment of the market with moisturizers, serums, eye creams, age reversal, wrinkle refinement, eye treatment, and skin lighteners. In addition, PLS manufacturers cleansers, toners, and nutraceutical products… Read more »

Meet the Companies Event Brings 6 Innovative Companies to St. Pete

ST. PETERSBURG, Fla.-(June 6, 2018) – The St. Petersburg Area Economic Development Corporation (EDC) partnered with the Florida-Israel Business Accelerator (FIBA) to host 6 Israeli companies considering a U.S. Operation for the event, “Meet the Companies” on June 5. The forum, held at 3 Daughter’s Brewing provided the opportunity for the six dynamic companies to… Read more »

Tampa-St. Petersburg Region Poised for Startups and Women Entrepreneurs

Ecosystems that support entrepreneurs and innovation hubs are sprouting across America. Regions of the country are working hard to be startup havens. This includes creating an environment that supports innovations and helps investors find the next bold idea. Silicon Valley is a luminous example. However, emerging regions include Florida, Colorado, Oregon and Georgia. What do these emerging regions have in common and how are they competing? Factors include an entrepreneurial ecosystem, strong startup density, a culture that supports innovation, strong higher education system, home to large corporations, access to capital and availability of talent. Taking these factors into consideration, the Tampa Bay region is poising itself for explosive growth, especially for startups and women entrepreneurs.

Fortune 500 Companies Announce Major Expansions in St. Petersburg

In the last six months, two of St. Pete’s Fortune 500 companies, Jabil (NYSE: JBL) and Raymond James (NYSE: RFJ), announced major expansion plans for their current headquarter sites in St. Petersburg, Florida. In February 2018, Jabil, electronics manufacturer of everything from iPhone circuit boards to Philadelphia cream cheese tubs, announced that it will rebuild… Read more »