Make us your home page
Instagram

Tampa Bay stuck in last in Southern-city rankings

In the six-city race for economic supremacy, the Tampa Bay region continues to dodder along in last.

So said the regional economic scorecard released Wednesday by the Tampa Bay Partnership, the business marketing arm of the seven counties in and around Tampa.

Job losses and unaffordable housing weigh down Tampa's ranking relative to Atlanta, Charlotte, Dallas, Jacksonville and Raleigh-Durham.

We've lost more jobs the past year — 33,533 — than our competitors. And even after a 30 percent decline in Tampa area housing prices, it still costs too much to live here, relative to local incomes.

"This is like running a race. We're running fast, but they're running faster," Larry Henson, the partnership's business intelligence officer, said in explaining Tampa's decline compared with the other cities.

Henson saw encouraging signs buried among the 25 indicators that constitute a region's business attractiveness. While we've arguably passed through the worst of the housing crisis, places like Atlanta are feeling the pain belatedly.

It now costs more to buy a home in Charlotte and Raleigh-Durham than it does in Tampa. Tampa home prices are $5,000 more than Jacksonville's, but two years ago they were $50,000 apart.

Our highways aren't the worst congested. That dubious distinction belongs to Atlanta and Dallas. We've risen to fourth place in the number of patents issued here, ahead of Atlanta and Jacksonville.

"That's not the greatest story in the world, but at least it gives us a little optimism," Henson said.

This is the sixth scorecard the partnership has compiled since early 2006. On Friday, the marketing group will unveil a three-year strategic plan for the region called A Model for Prosperity.

James Thorner can be reached at jthorner@sptimes.com or (813) 226-3313.

Regional economic scorecard

Tampa BayAtlantaCharlotteDallasJacksonvilleRaleigh
Jobs/

work force
653142
Income/

productivity
365142
Housing644132
Innovation524261
Education346251
Transportation652241
Overall rank643141

Tampa Bay stuck in last in Southern-city rankings 11/19/08 [Last modified: Wednesday, November 26, 2008 4:32pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. PunditFact: George Will's comparison of tax preparers, firefighters based on outdated data

    Business

    The statement

    "America has more people employed as tax preparers (1.2 million) than as police and firefighters."

    George Will, July 12 in a column

    The ruling

    WASHINGTON - JANUARY 08: Conservative newspaper columnist George Will poses on the red carpet upon arrival at a salute to FOX News Channel's Brit Hume on January 8, 2009 in Washington, DC. Hume was honored for his 35 years in journalism. (Photo by Brendan Hoffman/Getty Images)
  2. Appointments at Shutts & Bowen and Tech Data highlight this week's Tampa Bay business Movers & Shakers

    Business

    Legal

    Retired U.S. Navy Commander Scott G. Johnson has joined Shutts & Bowen LLP in its Tampa office as a senior attorney in the firm's Government Contracts and Corporate Law Practice Groups. Johnson brings 15 years of legal experience and 24 years of naval service to his position. At Shutts, Scott will …

    United States Navy Commander (Retired) Scott G. Johnson joins Shutts & Bowen LLP in its Tampa office. [Company handout]
  3. Macy's chairman replaces ex-HSN head Grossman on National Retail Federation board

    Retail

    Terry Lundgren, chairman of Macy's Inc., will replace Weight Watchers CEO Mindy Grossman as chair of the National Retail Federation, the organization announced Wednesday. Grossman stepped down from her position following her move from leading St. Petersburg-based HSN to Weight Watchers.

    Weight Watchers CEO and former HSN chief Mindy Grossman is being replaced as chair of the National Retail Federation. [HSN Inc.]
  4. Unexpected weak quarter at MarineMax slashes boating retailer shares nearly 25 percent

    Business

    CLEARWATER — Just when you thought it was safe to go back into the water, a boating business leader issued a small craft warning.

    Bill McGill Jr., CEO of Clearwater's MarineMax, the country's biggest recreational boat retailer. [Courtesy of MarineMax]
  5. CapTrust moving headquarters to downtown Park Tower

    Corporate

    TAMPA — CAPTRUST Advisors, a Raleigh, N.C.-based investment consulting firm, is moving its Tampa offices into Park Tower. CapTrust's new space will be 10,500 square feet — the entirety of the 18th floor of the downtown building, which is scheduled to undergo a multi-million-dollar renovation by 2018.

    CAPTRUST Advisors' Tampa location is moving into Park Tower. Pictured is the current CapTrust location at 102 W. Whiting St. | [Times file photo]