Friday, April 20, 2018
Business

In 2013, 12 business phrases helped define region's economy

In appreciation of the 12 days of Christmas, here are a dozen business phrases that blossomed in 2013 to help describe Tampa Bay's economic gains and challenges. What phrases would you select?

•••

BOGO: The "Buy One Get One" craze struck key Tampa Bay retailers this fall with more head-to-head BOGO competition. BOGO battles escalated between Florida's No. 1 (by market share) grocery chain Publix and No. 2 Walmart. That war is sure to wage for years.

Council of chambers: What's this — a sign of regional cooperation? Three big area chambers of commerce from Tampa, St. Petersburg and Clearwater met occasionally in a "council of chambers" to discuss what they could or could not agree on. What are the odds this council could gain greater respect?

Decommission: We know the word in a military sense. Now we better get used to hearing it in a nuclear power context. Duke Energy's 2013 plan to decommission its broken Crystal River nuclear plant north of Tampa will take at least 60 years and cost more than $1 billion. This is new territory for our economy.

Destination retailer: Bass Pro Shop? Check. Trader Joe's? Check. Wawa? Yep. Gander Mountain? Got it. The retail buzz hasn't been this big since Ikea opened in 2009.

Disruptive innovation: A Harvard prof coined the concept — it means new ideas that disrupt traditional markets — and introduced the idea here in person this year. One outcome: Tampa Bay's "MediFuture" project to reinvent regional health care.

Entrepreneurial ecosystem: Despite a 10-syllable mouthful of a name, the regional infrastructure to support a culture of business startups made strides in 2013.

Greenlight Pinellas: A cleverly named (thanks, Tucker Hall) comprehensive mass transit plan for the future of Pinellas County got off the ground. It's got a year to win over county voters.

Nuclear advance fee: Florida legislators created this nightmare in 2006 and Duke Energy used it to charge customers in advance for nuclear power projects that this year we learned will never produce a single watt of power. A travesty of justice.

Quincentennial: How often does Florida get to use such an awesome word? Once, this year, to celebrate 500 years of history.

Regional branding: Research told us Tampa Bay lacks an identity. So a big branding project this year came up with this slogan to help give it one: "Unlock Tampa Bay: Treasure Awaits." Mission accomplished?

Rental nation: Scavenging Wall Street firms swooped in to buy a glut of Tampa Bay foreclosed homes. Now those houses are rentals as home ownership lost appeal after the burst housing bubble. Why buy? Rent everything!

Skill gaps: We still do a lousy job of preparing young people with skills that 21st century businesses want. That's why Tampa Bay pursued projects to plug area skill gaps, first in IT and more recently in manufacturing.

Contact Robert Trigaux at [email protected]

Comments
Regulators allow major solar company to lease home equipment

Regulators allow major solar company to lease home equipment

State regulators Friday determined that one of the country’s largest residential solar companies, San Francisco-based Sunrun, is allowed to lease solar energy equipment for homes in Florida. The decision, solar energy advocates say, could open the do...
Updated: 4 hours ago
Florida unemployment at 3.9 percent for sixth straight month

Florida unemployment at 3.9 percent for sixth straight month

For the sixth month running, Florida’s unemployment rate held at a nearly 11-year low of 3.9 percent in March as steady job gains continued. While many factors kept Florida’s economy chugging along, three industries stand out for leading year-over-ye...
Updated: 5 hours ago
Owners say new house is a disaster; developer accuses them of ‘online terrorism’

Owners say new house is a disaster; developer accuses them of ‘online terrorism’

ST. PETERSBURG --- Stretched across the front of Tim and Hyun Kims’ two-year-old house is a big banner with the name of a developer and the words: "I have to fix my new house."Some of what needs fixing is instantly apparent. The front steps are too ...
Updated: 6 hours ago
Florida hits a milestone: More than 100,000 people are registered to use medical marijuana here

Florida hits a milestone: More than 100,000 people are registered to use medical marijuana here

Florida has hit a milestone of sorts as it slowly moves toward wider availability of medical marijuana.The number of patients in the state who are registered to use the substance has surpassed 100,000 for the first time, according to Florida Departme...
Updated: 8 hours ago
Q&A: Walmart leader chats about Florida stores, and the chain’s latest retail strategy

Q&A: Walmart leader chats about Florida stores, and the chain’s latest retail strategy

The Tampa Bay Times recently sat down with Walmart director of corporate communications Phillip Keene to chat about the retail giant’s latest retail strategies and how the company is winning over customers in a competitive market.Already, two of the ...
Updated: 11 hours ago
Judge: Foreclosure defense lawyer Mark Stopa violated numerous rules of conduct

Judge: Foreclosure defense lawyer Mark Stopa violated numerous rules of conduct

Tampa Bay foreclosure defense lawyer Mark Stopa has violated numerous rules of professional conduct and caused two clients to nearly lose their homes because he failed to tell them about settlement offers from their banks. In preliminary findings of ...
Updated: 11 hours ago
SunTrust warns 1.5 million clients of potential data breach

SunTrust warns 1.5 million clients of potential data breach

Associated PressNEW YORK — SunTrust Banks Inc. says accounts for 1.5 million clients could be compromised following a potential data breach. The Atlanta bank says that it became aware of the potential theft by a former employee and that the investiga...
Published: 04/20/18
Spring break, hurricane relief boosted Tampa Bay hotels in March

Spring break, hurricane relief boosted Tampa Bay hotels in March

The Tampa Bay area’s hotel occupancy rate rose to 87.5 percent in March, the highest level in three years. The rise was fueled by spring break vacationers as well as insurance adjusters and hurricane cleanup crews flooding the state to restore it aft...
Published: 04/20/18
Here’s your first look at what will be Riverwalk Place, Tampa’s tallest tower

Here’s your first look at what will be Riverwalk Place, Tampa’s tallest tower

TAMPA — Developers on Thursday detailed plans for what they touted as the tallest building on Florida’s west coast, with condominiums priced in six and seven figures and a shimmering glass design they say would stand out in the skylines of New York, ...
Updated: 7 hours ago
St. Petersburg police remove disabled adults from ‘deplorable’ assisted living facilities

St. Petersburg police remove disabled adults from ‘deplorable’ assisted living facilities

ST. PETERSBURG — Beef jerky, mayonnaise and Altoids mints were the only edible things in view inside one of the houses. There was no running water. The refrigerator was empty. A bed sat on top of the deteriorating living room floor. Cigarette butts b...
Published: 04/19/18
Updated: 04/20/18