When it comes to economic growth, Florida's running alongside the leading states and well ahead of the United States as a whole.
New figures show Florida's real gross domestic product (GDP) rose 3.1 percent in the fourth quarter of 2016 — the latest quarterly data available — ranking the Sunshine State fourth in growth among the states and District of Columbia, behind Texas, Utah and Washington. For all of 2016, Florida's GDP increased 3 percent, ranking fifth behind Washington, Oregon, Utah and New Hampshire....
Tampa Bay's business scene might best be described as fluid. Lots of people come and lots of people go. Some stay long enough to make a significant impression — usually a good one, but not always. Here are nine notable leaders — many in health care but also in sports business, publishing and even a whistleblower against corporate wrongdoing.
Chances are you know some if not all of their names. Many you have no doubt lost track of over the months and years. Where are they now and what are they up to? Read on....
ST. PETERSBURG — They came. They saw. They celebrated Tampa Bay's tech momentum.
On a blustery Wednesday afternoon, hundreds of technology executives, entrepreneurs, economic developers and others converged on the Mahaffey Theater in downtown St. Petersburg to hear 18 area speakers share what's got the region's tech community feeling pretty good these days. And they learned what needs to be done to take to the next level what the area tech sector likes to call "Florida's largest and fastest growing tech hub."...
Let's hope Harry Sideris has a bit of Harry Houdini in him.
After some rough years, it may take a bit of a magician to reimagine Duke Energy Florida's public image and growth strategy.
Such is the tough task ahead. A self-described "mountain boy" from Asheville, N.C. (before it became hip, he says), Sideris succeeded Alex Glenn earlier this year as Duke Energy Florida's state president based in St. Petersburg. ...
05/22/17 Working Life
Consider this one more notch in the belt of Tampa Bay starting to win serious attention from millennials as a place to live and build a career.
Forbes on Monday released its 2017 ranking of the best 25 larger metropolitan areas in the country for young professionals. Tampa Bay ranked No. 19 nationwide out of the 100 largest metro areas and, remarkably, was listed higher than such youth-branded cities as Boston, Atlanta and Minneapolis-St. Paul....
One of the more dynamic up-and-comer technology firms in Tampa, myMatrixx was just bought by Express Scripts, a Fortune 100 company in St. Louis with more than $100 billion in revenues.
I love the deal because a smart local startup grew and was well rewarded by being noticed (then bought) by one of the larger companies in America. That's capitalism, and a dream of many young, growing businesses and their backers here to find an "exit" and reap their financial reward....
It's been all hands on deck at ReliaQuest's security special operations center in Tampa since late last week when a ransomware attack spread like wildfire to more than 200,000 computers in 150 countries and continues to threaten business, individuals and government IT systems at the start of the new work week.
At the young cybersecurity firm, nearly 170 of its 250 employees are on technical security, rotating in shifts 24/7 to track the attack of the so-called WannaCry ransomware program that targets a security hole in the Microsoft Windows operating system. A patch or software fix to plug that hole was issued in March by Microsoft but many businesses big and small failed to update their systems in time, leaving them vulnerable to the aptly named WannaCry. The malicious software, or malware, locks users out of their computers, threatening to destroy data if a ransom is not paid....
Trigaux: As legislators cut job incentives, Tampa leaders fight perception Florida's closed for business05/12/17 Economic Development
Is Florida suddenly closed for business?
Absurd as that idea may seem, it is a growing concern to Tampa Bay's economic development community — a perception that job-competing states may use against this state and its metro areas.
For months, our economic development leaders here have watched and winced as the state Legislature condemned Enterprise Florida and Visit Florida — the state's key agencies for job recruiting and tourism promotion — as agents of "corporate welfare."...
05/09/17 Economic Development
TAMPA — Could Tampa become a major hub people flock to for the best and brightest urban development ideas?
The owner of the Tampa Bay Lightning and a leader of one of the biggest urban redevelopment efforts in the nation, Jeff Vinik today is announcing he will personally partner with New York-based Dreamit to bring its high-end business accelerator and about ten elite startups specializing in urban technology to Tampa this fall....
Curious similarities lurk among three of Tampa Bay's hottest and fastest growing publicly traded companies that explain their current success. In that same vein, distinct ties can be found among three other area corporations in serious need of rejuvenation.
The three fast-lane companies briefly profiled here are all involved in rapid growth by acquisitions. Two of the three are wrapping up the biggest deals in their corporate histories. The other is rapidly expanding both by purchases and via aggressive recruiting of financial advisers. All three of these company stocks are at or near all-time highs. It helps these three are in strong industries in this economy: health care insurance, technology distribution and financial services....
05/03/17 Economic Development
TAMPA — Sure, it's easy to say the Tampa Bay startup community has many miles to go before it reaps — the rewards of celebrating major companies born and raised here.
But on Tuesday morning, there was a bold theme at the gathering held inside the Tampa Bay WaVE business incubator's second location, a peek preview of what will open this summer in space along Channelside Drive:...
Think Florida's banking industry is fat and slow moving, controlled by two dominating institutions — Bank of America and Wells Fargo? If so, you're missing the bigger picture.
The banking scene here is constantly changing. Just witness the latest wave of financial players — banks coming out of lower-profile states like Arkansas, Alabama and Louisiana — seeking to expand in the Sunshine State....
04/26/17 Real Estate
ST. PETERSBURG — HSN chief executive officer Mindy Grossman, one of the revered names in the retail shopping industry, is leaving the St. Petersburg TV/digital shopping company after 11 years to become president and CEO of Weight Watchers International Inc.
Grossman, 59, will join the diet company in July. Weight Watchers has been in the news often in recent times — ever since media billionaire Oprah Winfrey became a prominent investor and brand ambassador (by losing 40 pounds on its diet). Increased brand visibility hasn't translated to higher revenue, however. Weight Watchers' business has struggled in an era of such new technologies as fitness trackers and alternative diet programs and has been looking for fresh leadership....
HSN chief executive officer Mindy Grossman, one of the revered names in the retail shopping industry, is leaving the St. Petersburg TV/digital shopping company after 11 years to assume a “leadership position with another public company,” the company said.
In a separate release, Weight Watchers International Inc said Grossman will join as the diet company’s CEO in July.
Grossman’s resignation from HSN will be effective on May 24. She will not stand for election to the board of directors....
04/24/17 Economic Development
TAMPA — I'm not sure whether to credit the mushroom ricotta stuffed Paccheri pasta or wild boar lasagna at the Cena restaurant.
Such tasty Italian fare, it can be argued, is at least one good reason a billion-dollar company based in a Tampa office park near I-75 committed to relocate its headquarters and 250 employees to downtown Tampa's Channel District.
Tampa's Quality Distribution Inc., a long established area bulk transport trucking business, plans to move downtown, committing to a 10-year lease for 45,000 square feet of commercial office space inside the Grand Central at Kennedy building....