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. Report slams Pinellas construction licensing agency and leaders

    Local Government

    LARGO — The Pinellas County Construction Licensing Board mismanaged its finances, lacked accountability and disregarded its own rules, according to a scathing report released Wednesday by the county's inspector general.

    Rodney Fischer, the executive director of the Pinellas County Construction Licensing Board, resigned in January.  [SCOTT KEELER   |   Times]
  2. A meatless burger that tastes like meat? Ciccio Restaurants will serve the Impossible Burger.

    Food & Dining

    TAMPA — The most red-hot hamburger in the nation right now contains no meat.

    Ciccio executive chef Luis Flores prepares an Impossible Burger Wednesday at the Epicurean Hotel Food Theatre in Tampa.
  3. Construction starts on USF medical school, the first piece of Tampa's Water Street project

    Health

    TAMPA — Dozens of workers in hard hats and boots were busy at work at the corner of South Meridian Avenue and Channelside Drive Wednesday morning, signaling the start of construction on the University of South Florida's new Morsani College of Medicine and Heart Institute.

    Construction is underway for the new Morsani College of Medicine and USF Health Heart Institute in downtown Tampa. This view is from atop Amalie Arena, where local officials gathered Wednesday to celebrate the first piece of what will be the new Water Street District. The USF building is expected to open in late 2019. [ALESSANDRA DA PRA  |   Times]
  4. Tampa Bay among top 25 metro areas with fastest growing economies

    Economic Development

    Tampa Bay had the 24th fastest growing economy among 382 metro areas in the country for 2016. According to an analysis by the U.S. Bureau of Economic Analysis, Tampa Bay's gross domestic product, or GDP, increased 4.2 percent from 2015 to 2016 to hit $126.2 billion.

    Tampa Bay had the 24th fastest growing economy in the country for 2016. Rentals were one of the areas that contributed to Tampa Bay's GDP growth. Pictured is attorney David Eaton in front of his rental home. 
[SCOTT KEELER | Times]
  5. Tampa Bay cools down to more moderate home price increases

    Real Estate

    The increase in home prices throughout much of the Tampa Bay area is definitely slowing from the torrid rate a year ago.

    This home close to Bayshore Boulevard in Tampa sold for $3.055 million in August, making it Hillsborough County's top sale of the month. [Courtesy of Bredt Cobitz]