Stay informed about business news and updates in St. Petersburg, FL.
Raymond James Financial has significantly increased its commitment to hurricane relief efforts, pledging nearly $11 million to support associates and communities impacted by Hurricanes Helene and Milton. This initiative reflects the financial services firm's response to the severe consequences of the recent storms in Southeast Florida, particularly the Tampa Bay area.
The Tampa Bay Rays have announced the acquisition of temporary office space near Tropicana Field following damage caused by Hurricane Milton. The new location, situated in the former UPC Insurance building at 800 2nd Ave. S. in St. Petersburg, will accommodate hundreds of staff members who have been working remotely since the storm.
St. Petersburg-based digital marketing agency Big Sea has acquired Asheville’s philanthropically focused marketing firm amid the challenges posed by Hurricanes Helene and Milton. This merger highlights the resilience and adaptability of businesses in the face of natural disasters, showcasing a strategic move to enhance service offerings and community impact.
St. Petersburg's Big Sea, a digital marketing agency, has merged with an Asheville-based philanthropic counterpart in a strategic move amid the challenges posed by Hurricanes Helene and Milton. The acquisition not only signifies growth for the agencies but also showcases their resilience in the face of natural disasters impacting both regions.
Raymond James, a St. Petersburg-based financial services firm, has increased its hurricane relief commitment to nearly $11 million following Hurricane Milton. The funding will support employee stipends and includes a significant donation to the American Red Cross and local organizations, highlighting the company’s commitment to community support during crises.
In the aftermath of Hurricanes Helene and Milton, local businesses in St. Petersburg are adapting their strategies to rely on chain store sales for survival. The hurricanes significantly impacted businesses that depended on foot traffic and local partnerships, forcing them to rethink their operational models in a challenging economic landscape.
Townhome and condominium prices in St. Petersburg have decreased significantly, with a reported 11.6% drop year-over-year to a median price of $269,000 as inventory surges. In contrast, single-family home prices have seen a slight increase of 1.2%. The report highlights a growing supply of properties on the market, posing potential challenges for buyers and sellers alike.
Tampa Bay recently showcased its innovation ecosystem to a U.K. delegation of 23 life science companies, aimed at exploring collaboration and partnership opportunities. The visit included meetings with local academic institutions, tech incubators, and health systems. This initiative highlights Tampa Bay's growing role as a hub for life sciences and innovation.
Mortgage payments in Tampa Bay have become more affordable than monthly rent, according to a recent Zillow Home Loans analysis. The report highlights that residents typically pay $2,106 for rent, while mortgage payments average $1,191.
Tampa International Airport (TPA) has been nominated for multiple Readers’ Choice Awards by _USA Today_, including Best Large Airport and four dining categories. The airport previously held the top spot for best airport, but current rankings will remain hidden until the winners are announced on October 2.