Tag: incentives

St. Pete Rocks the Headquarters Relocation Business

Business Observer Florida By: Mark Gordon May 3, 2019 The sun shines bright on St. Petersburg in the race to win headquarters relocations. Says one official: ‘We are just getting started.’ Christmas came early to St. Petersburg economic development officials in 2014, when, on Dec. 10, New York City-based outsourcing and logistics company iQor announced… Read more »

10 Things You Didn’t Know about doing Business in the ‘Burg

Since 1970, the median age in St. Pete has decreased 3.3 years, while the U.S.’s median age has increased by 9.9 years. St. Pete was named one of the fastest-growing cities by Forbes (2018) with a total population of nearly 266,000. The Sunshine City has seen a major influx of millennial-aged residents, routinely ranking a… 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 »

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 »