St. Petersburg, Florida
The Economic and Workforce Development Department fosters growth and development in St. Petersburg by working with its partners to provide services to help existing businesses grow and succeed and welcome new businesses to our community.
St. Petersburg combines the amenities and variety that any top tier city offers, while providing a small-town neighborhood feel in an affordable setting. St. Petersburg continues to develop as one of the brightest spots in the Southeast, not only as a business location, but as a home for a talented workforce.
Incentives & Grants
Grow Smarter Job Creation & Talent Attraction Program
This program provides awards to companies with 49 employees or less that hire new employees at salaries above Pinellas County's average wage. Companies must be identified with one of the city's five target industry clusters: Marine and Life Sciences, Specialized Manufacturing, Financial Services, Data Analytics, and Creative Arts and Design.
For each new job created at 115% or more of the average county wage, the incentive amount is $3,000 per new job. Greater awards are available to companies paying higher wages. For each new job created and filled by a resident of the City of St. Petersburg, there will be a bonus $2,000 incentive paid and for each job created and filled by a resident of the South St. Petersburg Community Redevelopment Area, there will be a bonus $3,000 incentive paid. Employees hired under this Program must remain employed by the company for at least twelve months for the company to claim the incentive. The incentive will be paid at the end of the twelve-month period.
Links:
Grow Smarter Job Creation and Talent Attraction Program
Contact Information:
City of St. Petersburg Economic Development
(727) 893-7100
Ad Valorem Tax Exemption for Economic Development
St. Petersburg City Council passed the Economic Development Ad Valorem Tax Exemption program on October 18, 2012 to grant ad valorem tax exemptions to qualifying new businesses and expansions of existing businesses that create new full-time jobs in the city. The tax exemption for qualifying businesses will apply only to the new increment of the assessed St. Petersburg millage on improvements including tangible property. The annual overall program cap is $1.5 million of exempted taxes and the individual project cap is $100,000 of exempted taxes.
Links:
Economic Development Ad Valorem Tax Exemption
Contact Information:
City of St. Petersburg Economic Development
(727) 893-7100
