Was it just a year ago that Tampa Bay was obsessing about rising flood insurance rates and Floridians were speculating about the return of "Governor" Charlie Crist?
It has been a year of dramatic changes. Longtime local business leaders moved on. A vision emerged that could dramatically alter downtown Tampa. Gas prices plunged.
Household names were here today — traded tomorrow. (See: Tampa Bay Rays roster.) ...
Former Tampa Mayor Pam Iorio plans to remain at the helm of Big Brothers Big Sisters as president and CEO until 2019 as the social services organization relocates its headquarters next year from suburban Dallas to Tampa.
In an email sent to affiliates late Friday, the Big Brothers Big Sisters board said that Iorio has agreed on a three-year extension for her term, which was due to expire in 2016....
Start spreading the news, New York: Florida has just taken a big bite out of the Big Apple.
Florida has officially overtaken New York as the third-most populous state in the country, the U.S. Census Bureau reported Tuesday.
By adding an average of 803 new residents each day between July 1, 2013 and July 1, 2014, Florida grew a total of 293,000 over the period, reaching 19.9 million, the Census Bureau said. The population of New York increased by only 51,000 to 19.7 million....
PODS, the Clearwater-based portable moving and storage pioneer, is being sold in its entirety to the Ontario Teachers' Pension Plan.
But no need to pack up the moving van or put any office equipment into its namesake storage containers.
The parent company of PODS said the firm's headquarters will remain in Clearwater — with the current management staying in place — under a binding agreement with Ontario Teachers' announced early Monday....
12/19/14 Economic Development
Big Brothers Big Sisters is going to call Tampa home.
The internationally known social services organization, currently based in Irving, Texas, is expected to relocate its headquarters to Tampa and is the subject of a Jan. 7 announcement by an economic development group.
Former Tampa Mayor Pam Iorio, who still maintains a Tampa residence with her husband, Pinellas County Administrator Mark Woodard, took the helm as president and CEO of Big Brothers Big Sisters in March. At the time, she made a three-year commitment to lead the group....
12/19/14 Working Life
Job creators throughout Florida deserve an extra eggnog toast this season.
After an up-and-down year, Florida posted back-to-back months of strong job creation, bringing more sidelined workers back into the economy with every job category growing, even government.
In November, the state's unemployment rate tumbled below 6 percent for the first time in six-and-a-half years, reaching 5.8 percent. During the month, it added a sizable 41,900 jobs, second-best in the country, trailing only California. ...
12/18/14 Economic Development
TAMPA — It's not often the Greater Tampa Chamber of Commerce can tout a "surprise" guest speaker at its annual lunch who pledges to invest $1 billion in a local project creating thousands of jobs.
Let alone a pair of speakers, each with their own billion-dollar project on the table.
Tampa Bay Lightning owner Jeff Vinik and Tampa International Airport CEO Joe Lopano fit the bill Thursday, telling a sellout crowd of 800 inside the Tampa Convention Center about their mega-projects. ...
12/17/14 Economic Development
TAMPA — News that the United States plans to ease some travel restrictions and restore full diplomatic relations with Cuba — the biggest movement toward normalization with the Communist country in a half-century — impacts few places more than Tampa Bay.
This is home to one of the largest Cuban-American populations in the nation. And thanks to Port Tampa Bay, it is arguably best positioned to become a top trade conduit with Cuba, as well as a travel hub....
Before Universal Health Care declared bankruptcy last year, it spent more than $1 million on personal expenses of founder Dr. Akshay Desai including charitable donations and political contributions.
Now recipients of that largesse are "potential targets" of a bankruptcy trustee seeking to recoup at least some of the money, according to a recent filing in federal bankruptcy court in Tampa....
St. Petersburg-based American Strategic Insurance, a homeowners insurance company quickly expanding nationwide, is going with the Flo.
American Strategic, or ASI, is being bought by Progressive, the fourth-largest auto insurer in the country perhaps best known for commercials featuring its perpetually perky spokeswoman, Flo.
Under a deal announced Tuesday, Progressive is initially paying $875 million in cash to increase its stake in ASI's parent company, ARX Holding Corp., from 5 percent to a controlling 67 percent. Over six years, it plans to buy the rest of the company to bolster its property insurance business, challenging rivals like Allstate that bundle home and auto policies....
TAMPA — WellCare Health Plans has named president and chief operating officer Kenneth A. Burdick as its new CEO, effective Jan. 1.
He replaces David J. Gallitano, a WellCare board member who has been acting CEO for more than a year. Gallitano remains WellCare's nonexecutive chairman of the board.
The Tampa managed care provider, one of Tampa Bay's biggest public companies, has been without a permanent leader since November 2013, when then-CEO Alec Cunningham was ousted. ...
For the fifth straight year, Florida is holding on to its unwanted crown as the mortgage fraud capital of the country.
Florida suffers from more than five times the expected rate of fraud based on its volume of new mortgage loans in 2013, according to a fraud index released Monday by LexisNexis Risk Solutions.
That's far worse than the second-worst state on the list, Nevada, which has slightly more than two times its expected rate of fraud. Rounding out the five worst are New Jersey, Arizona and Illinois. ...
Remember way back in early 2007, before the Great Recession wrecked the party? That rosy era of percolating retail sales, rising consumer confidence and surging stocks.
At least by some economic measures . . . we're back.
The latest dose of encouragement came Friday: The consumer sentiment index by Thomson Reuters/University of Michigan zoomed up 5 points in mid December to reach the highest point since February 2007. The news follows a robust 5 percent jump in retail sales in November compared to a year ago, aided by an early spree of holiday shopping. ...
12/11/14 Real Estate
TAMPA — Tampa Steel Erecting Co. is expanding its headquarters, marking the third announcement of an infusion of higher-paying jobs in Tampa Bay in as many days.
The steel erector fabricator is investing $3.5 million in a 34,000-square-foot addition and plans to add up to 39 new manufacturing jobs with an average wage of $54,000, local economic development officials said Thursday.
"Our focus on steel bridge construction continues to pay off, and the major contracts that we're securing across the country as a result are fueling our growth and enabling us to create more jobs here," Tampa Steel president Robert Clark Jr. said in a statement....
TAMPA — Cognizant is roughly doubling its Tampa operations, pledging to add more than 400 new jobs and invest about $5.7 million here over the next four years.
The information technology and consulting business currently has more than 900 employees throughout Florida, half of them based in Tampa. With headquarters in Teaneck, N.J., Cognizant has nearly 200,000 employees worldwide.
Gov. Rick Scott announced the decision Wednesday afternoon, saying it means "400 more Floridians will be able to get a great job and provide for their families, which is a big win for Florida."...