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Economic Yearbook 2008
TAMPA BAY: Battling a Misperception
WORKFORCE / ST. PETERSBURG |
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16% — Percentage of St. Petersburg workers employed in finance, insurance and real estate Source: Bureau of Labor Statistics |
LEADER
» St. Petersburg Mayor Rick Baker keeps championing the city’s economic potential. Midtown will be a focus this year, with construction expected to start on the 166,000-sq.-ft., $31-million Job Corps Center.
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LAKELAND / POLK COUNTY
HOUSING TREND / LAKELAND-WINTER HAVEN |
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Home sales (median price) |
Condo sales (median price) |
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2006 | 5,160 ($176,200) | 272 ($117,900) |
2007 | 3,340 ($168,900) | 170 ($126,700) |
Source: Florida Association of Realtors and the University of Florida Real Estate Research Center |
“Because residential is in the tank, everyone assumes it’s that way across the board, that it’s translating into office, commercial and industrial,” says Claudia Tritton, head of real estate and prospect development at the Lakeland Economic Development Council. “But that hasn’t been the case for us.”
On the housing side, permits are down, from 8,070 in 2005 to 1,991 in 2007, says Tom Patton, executive director of the Central Florida Development Council of Polk County. “That’s huge,” he says. “But while the residential impact has fallen off, our commercial impact continues to grow, and our tourism is up 58% in the last five years.”
LEADERS
» Polk leaders want 2008 to be the year that the state starts allocating money to start construction on the proposed USF-Lakeland campus. Headed up by Marshall Goodman, the “polytechnic” would be a “catalyst for high-tech growth for decades to come,” says Jim DeGennaro, a senior business development representative for the Central Florida Development Council of Polk County. The facility, proposed for the intersection of Interstate 4 and the Polk Parkway, already has $10 million in commitments from Lakeland and Polk County, but it still needs millions more in state funding. State Sen. J.D. Alexander, a Winter Haven Republican, is leading that charge. “That’s our big push this year,” Tritton says. “We’re really focusing on that campus.”