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Tampa Bay 2019 an In-Depth Review of the Key Issues Facing the Cities of Tampa, St

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Tampa Bay 2019 an In-Depth Review of the Key Issues Facing the Cities of Tampa, St Tampa Bay 2019 An in-depth review of the key issues facing the cities of Tampa, St. Petersburg and Clearwater, featuring the exclusive insights of prominent industry leaders ECONOMY OVERVIEW Contents: 49 Interview: John Couris, President & CEO, Tampa General Hospital 53 Banking & Finance: 54 Money makers: Tampa Bay’s banking sector rides a wave of success that reflects the city’s own growth 55 Interview: Steven Schultz, Regional Banking President - Suncoast, Wells Fargo 58 Interview: Yvette Segura, Vice President & General Manager, USAA 61 Interview: Rita Lowman, President, Pilot Bank 31 Market voices: Tech in 64 Roundtable: Community banks 5 Economy: accounting 66 Market voices: Investment funds 6 Economy in numbers 32 Interview: Stuart Brown, Tampa 67 Interview: Monica Hummel, 8 Interview: Ron DeSantis, Managing Director, Accenture Central Florida Area Executive, Governor, State of Florida First Citizens Bank 33 Interview: Brian Murphy, Founder & 10 Outperformer: Tampa Bay leads CEO, ReliaQuest 68 Interview: Chad Loar, Regional on a number of economic fronts, President - West & Central 34 Market voices: Tampa’s tech attracting jobs, people and money Florida, PNC Bank community 11 Interview: Jane Castor, Mayor, City of Tampa 36 Interview: Dr. Alan List, President & CEO, Moffitt Cancer Center 13 Interview: Bob Buckhorn, Former Mayor, City of Tampa 37 Interview: Brian Kornfeld, President, Synapse 14 Market voices: Economic development 16 Interview: Rick Kriseman, Mayor, City of St. Petersburg 39 Healthcare: 18 Roundtable: County leaders 40 A new frontier: Adapting 23 Interview: Dr. Ravi Chari, to changes in the country’s President, HCA West Florida healthcare sector, Tampa Bay is laying claim as a top-flight health 26 Market voices: Chambers market 41 Interview: Tommy Inzina, CEO, BayCare 27 Technology & Innovation: 44 Interview: Brian Adams, CEO, 28 Startup energy: Tampa Bay is on AdventHealth Tampa the rise as a tech hub, with Forbes 45 Interview: Gavin Southwell, CEO calling Tampa the country’s No. 2 & President, Health Insurance city for young entrepreneurs Innovations (HIIQ) 29 Interview: Marc Blumenthal, 46 Roundtable: Health providers Partner, Florida Funders 2 | Invest: Tampa Bay 2019 | CONTENTS ECONOMY OVERVIEW 71 Legal: 72 Law matters: The law has deep roots in Tampa Bay and the sector is only getting stronger 73 Interview: Gary Sasso, President & CEO, Carlton Fields 76 Roundtable: Law firms 80 Interview: Murray Silverstein, Managing Partner, Greenspoon Marder 83 Real Estate: 84 Hot, hot, hot: Tampa’s live, work, play lifestyle and favorable taxes are underpinning a red-hot real estate market 85 Interview: James Nozar, CEO, Strategic Property Partners 88 Interview: Mark Metheny, Tampa President, Lennar Homes 89 Interview: Scott Dobbins, 112 Smooth ride: Transport Founder & Principal, Hybridge 97 Construction & Commercial Real Estate improvements are being Infrastructure: implemented across the region, 92 Market voices: Tampa’s growth 98 Sunny side up: Tampa Bay’s and the results are already 95 Interview: Danny Rice, Managing construction sector is basking evident Director & Market Leader, in a positive forecast as new Central & West Florida Colliers developments dot the skyline 113 Interview: Frankie Jamison, International General Manager, American 99 Interview: Mark Sharpe, Airlines at Tampa International Executive Director, Tampa Airport Innovation Partnership 114 Interview: Joseph Lopano, CEO, 102 Market voices: Boom town Tampa International Airport 104 Base improvement: Fast- 116 Interview: Thomas Jewsbury, growing Tampa is aggressively Executive Director, St. Pete- tackling infrastructure and Clearwater International Airport environmental challenges 117 Interview: Eugene Conrad, 105 Interview: Catherine Stempien, Airport Director, Lakeland Linder President, Duke Energy Florida International Airport 107 Interview: T.J. Szelistowski, 118 Smooth ride: Tampa is doing President, Peoples Gas the necessary work to ensure it continues to grow as a trade and 108 Interview: Sarah MacDonald, logistics center President, TECO Services 119 Interview: Paul Anderson, 110 Interview: Nancy Tower, President & CEO, Port Tampa Bay President & CEO, Tampa Electric 123 Education: 111 Transportation, Aviation & Logistics: 124 Call to action: Academia is rising to the challenge to help fill www.capitalanalyticsassociates.com | 3 ECONOMY OVERVIEW Contents: Tampa 2019 ISBN 978-0-9988966-1-8 President: Abby Melone Chief Financial Ofcer: Albert Lindenberg Executive Director: Alexandra Wilkinson Design & Production Lead: Nisha Cunningham Content Manager: Max Crampton-Thomas Lead Copy Editor: Mario Di Simine Contributing Designer: Md Shahidullah Writers: Ian Leigh Sean O’Toole Intern: Meagan Harmon Cover Photo: Judy Kennamer Invest: Miami is published once a year by Capital Analytics Associates, LLC. a shortage of the skilled workers 140 Interview: Santiago Corrada, For all editorial and advertising questions, please e-mail: businesses need President & CEO, Visit Tampa Bay [email protected] To order a copy of Invest: Miami 2019, please e-mail: 125 Interview: Judy Genshaft, 144 Market voices: Culture corner [email protected] President, University of South All rights reserved. No part of this publication may be Florida reproduced, stored in a retrieval system or transmitted in any form by any means, without the express written : 128 Interview: Randy Avent, 149 Sports consent of the publisher, Capital Analytics Associates, LLC. Whilst every efort has been made to ensure the accuracy President, Florida Polytechnic 150 Sports town: Tampa Bay’s of the information contained in this book, the authors and University iconic sports teams are making a publisher accept no responsibility for any errors it may significant impact on the area’s contain, or for any loss, financial or otherwise, sustained 129 Interview: Rob Wolf, President prosperity and quality of life by any person using this publication. Tampa Bay Campus, Galen Capital Analytics Associates, LLC accepts no responsibility College of Nursing 151 Interview: Brian Ford, COO, for the return of unsolicited manuscripts and/or Tampa Bay Buccaneers photographs, and assumes no liability for products and services advertised herein. Capital Analytics Associates, 152 Interview: Brian Auld, President, LLC reserves the right to edit, rewrite, or refuse material. 135 Tourism, Arts & Culture: Tampa Bay Rays 136 Stellar feat: Tampa Bay has become 154 Interview: Steve Griggs, CEO, a leading destination for domestic Tampa Bay Lightning and international travelers Banking & Finance: pg 111 – Small photo – Keir Magoulas Photo Credits: pg 53 – Large photo – Fifth Third Bank pg 112 – Tampa International Airport Contents: pg 53 – Small photo – Fifth Third Bank pg 118, 121 – Port Tampa Bay pg 2 – Top left – City of Clearwater pg 54 – Seacoast Bank pg 61 – The Bank of Tampa pg 2 – Bottom – Tampa Hillsborough : pg 69 – Fifth Third Bank Education Economic Development Corporation pg 123 – Large photo – University of South Florida pg 4 – Tampa’s Lowry Park Zoo pg 123 – Small photo – University of South Florida Legal: pg 124 – University of South Florida pg 71 – Large photo – Trenam Law Economy: pg 127 – Ultimate Medical Academy pg 71 – Small photo – Trenam Law pg 5 – Large photo – Visit Tampa Bay pg 128 – Florida Southern College pg 72, 75 – Trenam Law pg 5 – Small photo – Hillsborough County pg 132 – Polk State College pg 10 – Hillsborough County pg 18 – Keir Magoulas Real Estate: Tourism, Arts & Culture: pg 20 – City of St. Petersburg pg 83 – Large photo – RD Management pg 135 – Large photo – Matt Dine pg 25 – Visit Tampa Bay pg 83 – Small photo – Keir Magoulas pg 135 – Small photo – Keir Magoulas pg 84 – Harvard Jolly pg 136 – Rob-Harris Productions, Inc. pg 88 – Keir Magoulas pg 137 – Kelly Smith Technology & Innovation: pg 94 – Visit Tampa Bay pg 138 – Tampa Museum of Art pg 27 – Large photo – Scanrail pg 141 – City of Clearwater pg 27 – Small photo – IMMERTEC Construction & Infrastructure: pg 145 – The Florida Aquarium pg 28, 32 – Accusoft pg 97 – Large photo – Plaza Construction pg 146 – Visit Tampa Bay pg 35 – ReliaQuest pg 97 – Small photo – Tampa Electric Company pg 98 – Plaza Construction Sports: Healthcare: pg 104 – Tampa Electric Company pg 149 – Large photo – Tampa Bay Lightning pg 39 – Large photo – Galen School of Nursing pg 109 – Ajax Building Corporation pg 149 – Small photo – Hillsborough County pg 39 – Small photo – Galen School of Nursing pg 150 – Tampa Bay Rays pg 40 – Tampa General Hospital Transportation, Aviation & Logistics: pg 152 – Tampa Bay Rowdies pg 111 – Large photo – Tampa International Airport pg 155 – Tampa Bay Lightning 4 | Invest: Tampa Bay 2019 | CONTENTS Economy: With 150 people a day moving to Tampa Bay, the efforts of government and business leaders to revitalize and improve the urban core are bearing fruit. Jobs are coming, millennials are arriving, and investment is pouring in. The region has the wind at its back and is sailing into a solid future. www.capitalanalyticsassociates.com | 5 ECONOMY OVERVIEW Economy in numbers: Average weekly wages for all industries Unemployment rates by county (Tampa Area, 2nd Quarter 2018) 3.9 United States Hernando 3.7 $745 3.4 Tampa area 3.2 Pasco 4.5 Hernando Co. $760 4.3 3.3 Hillsborough Co. 3.1 3.8 Pasco Co. Hillsborough 3.6 Pinellas $1002 $913 3.3 Pinellas Co. 3.1 0.0 1.0 2.03 .0 4.05 .0 Dec-17 Dec-18 Source: U.S. BLS, Local Area Unemployment Statistics. Source: U.S. BLS, Quarterly Census of Employment and Wages. 12-month% changes in employment Change from Dec. Tampa area employment Dec. Percent 2017 to Dec. 2018 (numbers in thousands) 2018 4.5 Number Percent 4.0 Total nonfarm 1,369.9 22.4 1.7 3.5 Mining and logging 0.2 0.0 0.0 3.0 Construction 76.2 3.7 5.1 2.5 Manufacturing 69.7 2.6 3.9 2.0 Trade, transportation, and utilities 257.1 0.7 0.3 1.5 Information 24.6 -0.2 -0.8 1.0 Financial activities 118.7 2.5 2.2 Professional and business services 243.1 2.2 0.9 0.5 Tampa area United States Education and health services 215.6 6.0 2.9 0.0 Dec-15 Dec-16 Dec-17 Dec-18 Leisure and hospitality 162.9 7.8 5.0 Other services 47.7 1.4 3.0 Government 154.1 -4.3 -2.7 Source: U.S.BLS, Current Employment Statistics.
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