"It takes a village to raise a child. It takes a city to raise a company."

St. Petersburg-based lighting company LumaStream has its products engineered and developed in Canada and manufactured in Taiwan.

Now, CEO Eric Higgs wants to bring all those parts together in St. Petersburg, a move he expects will create 1,000 local jobs over the next five years.

"It takes a village to raise a child. It takes a city to raise a company," Higgs said. "So let's keep the prosperity right here."

Higgs, 46, made the announcement at LumaStream's innovation showcase, "Enlightenment," at the Museum of Fine Arts on Thursday evening in front of a crowd that included area politicians and economic development leaders. He also announced that LumaStream will be partnering with Tampa's Windstar Homes and providing all of its LED lighting.

Read more at the Tampa Bay Times.