What do e-commerce firm Triad Retail Media, document imaging business Dex Imaging, Heritage Insurance Holdings and beverage maker Cott Corp. have in common?
They are among a handful of larger Tampa Bay area-based public and private companies to register sales gains of 30 percent or more last year, making them recent growth leaders in revenues in this region's metropolitan economy. Heritage revenues soared 69 percent last year, though the company has had to tighten its belt since then. Cott, pushing into new turf with coffee and water sales, rebounded from declining consumption in soda products with a 40 percent sales gain in 2015....
FREDERICKSBURG, VA. — In a Virginia suburb not far from where Robert E. Lee surrendered to Ulysses S. Grant to end the Civil War, a 21st century clash of a different kind of superpowers is looming.
Two of the nation's most highly touted supermarkets are about to meet and fight for supremacy in Virginia.
From upstate New York, the highly regarded Wegmans chain of grocery stores is pushing south with a seriously loyal following. And from Florida, the much touted Publix, the Sunshine State's dominant supermarket chain, is spreading into Virginia after successfully expanding and taking on all comers in Georgia, Alabama, Tennessee and South and North Carolina....
Nationwide, venture capitalists invested $15.3 billion in 961 deals in the second quarter of 2016.
Sounds impressive. And it is, with more VC dollars funneling into the hands of fewer and more mature startups like rideshare phenom Uber gobbling up $3.5 billion, photo-sharing Snapchat nabbing $1.27 billion and genome diagnostic firm Human Longevity claiming $220 million.
That's a third of all VC money in the quarter going to just three firms....
The good news about the ever more complex Tampa Bay business scene? There are lots of people worthy of watching because more folks are pushing the area economy forward in new ways with new energy.
Consider these 10 to watch a sampling from the cream of an ambitious crop.
Ambassador of startups
TECO Energy CEO John Ramil vividly recalls what seemed so important 40 years ago when he started his career, still a fresh-faced USF engineering student in 1976, at what was then Tampa Electric.
The electric utility would eventually boast with pride that it relied 100 percent on cheap and abundant coal to power its plants, generating affordable electricity for customers in Hillsborough and several nearby counties....06/28/16Corporate
Is it my imagination or are more major companies adopting management strategies that are slipshod at best and outright lies at worst — all in the name of bamboozling customers, investors and government regulators in order to pursue short-term profits?
Cynical readers will derisively snort: So what else is new? That's what Big Business does. Where have you been hiding, Trigaux?...06/24/16Markets
'Brexit' backlash hits Tampa Bay companies
Backlash to Britain's "Brexit" vote to exit the European Union pounded stocks worldwide with the Dow closing down Friday by 610 points. Shares of Tampa Bay's companies were not immune.
Nearly every publicly traded area corporation watched its stock price drop in response to the Brexit vote and the sharp uptick in global uncertainty spurred by that action....06/24/16 Economic Development
The Tampa Bay Rays are hardly alone in their anxious enthusiasm to vacate their current baseball stadium for a new and shiny one that will generate more revenue and, baseball gods willing, higher attendance.
Stadium fever is alive and well in a surprising number of Major League Baseball metro areas across the country. It's as if all 30 MLB franchises see a bigger, better, newer stadium as much or even more of a competitive asset as the team that wins games on the field. ...06/23/16 Economic Development
As Tampa Bay struggles to meet growing regional challenges, the need is greater than ever for a reinvigorated economic development group that can transcend parochial city and county borders.
So goes the argument of business leaders who fear this metro-wide area lacks a clear and influential regional voice when it comes to driving real progress on major initiatives from transportation, workforce talent and education to entrepreneurship and marketing....06/17/16Business
The overall stock market may be unable to make up its mind this year which way it's heading. But the shares of some leading Tampa Bay area companies seem to have chosen their own direction.
Sure, the stocks of many of the dozens of publicly traded area corporations have continued to waffle back and forth since the start of 2016, up briefly on good news only to droop weeks later on more somber information. Just like the broader markets....06/16/16Corporate
Thanks a lot, Apple.
That's the simplest way to explain the sharp decline in earnings just reported by St. Petersburg-based Jabil. The bottom line of the manufacturing design and production company, which has long made iPhone parts for Apple as the smartphone took the world by storm, is wincing now that the world's iPhone obsession appears to be waning.
Apple is Jabil's biggest customer and accounts for a substantial portion of its profits....06/15/16Business
Florida enjoyed a bullish gain to its state gross domestic product of 3.1 percent last year, ranking it seventh among the states. But some of Florida's biggest rivals — large population states that it likes to compare itself against — outgrew the Sunshine State.
Specifically the GDP of California, the state Florida Gov. Rick Scott most likes to disparage for its high taxes and costs, grew 4.1 percent, tied with Oregon as the fastest-growing state economy in the nation. And Texas, the giant Sunbelt state Scott most likes to fashion Florida after, saw its GDP grow 3.8 percent in 2015. That ranked Texas No. 2 in the country in GDP growth....06/14/16 Economic Development
If Colleen Chappell had her way, she would run every person in the Tampa Bay area through a marketing boot camp to learn precisely what makes this region great now and even greater tomorrow.
Then she'd send them all out to those metro areas deemed arch competitors of Tampa Bay. In Atlanta, Charlotte, Nashville and Dallas, they'd make their pitch directly to talented millennials on why the bay area is a more promising and affordable place to build a career and enjoy the lifestyle....06/14/16Corporate
Media giant Hearst, known for its ownership stakes in the A&E and History cable channels as well as the Houston Chronicle newspaper and Cosmopolitan magazine, is expanding its health care interests with the purchase of a majority stake in Tampa medical software firm MedHOK.
Launched in 2010, MedHOK provides health care compliance software connecting pharmacies and medical data. It ranked 25th nationwide in 2014 in Inc. magazine's annual ranking of the fastest-growing companies in America. That year, MedHOK grew more than 9,000 percent with revenues of just over $17 million. Last year's revenues topped $40 million....06/13/16Corporate
Shares in an 8-year-old Tampa insurance company that administers short-term medical plans dropped to an all-time low Monday following last week's proposed change in federal rules governing its business, as well as an analyst's downgrade.
Health Insurance Innovations, which went public in 2013 and now employs nearly 200, saw its shares top $15 early that year. But the stock started to droop in latter 2014 and hit a low of $4.25 last fall. After improving to $7.47 last month, the latest double whammy on Monday drove down Health Insurance Innovations' stock by 11.3 percent, closing at a record low of $4.03....