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Economic Development

St. Petersburg - "The Sunshine City"

The Economic Development Division fosters growth and development in St. Petersburg by working with its partners to provide services to help existing businesses grow and succeed and welcome new businesses to our community.   

St. Pete is home to the largest financial services cluster in Florida, as well as the largest marine research center in the Southeast United States. With a thriving Innovation District in the heart of our urban downtown, we are at the cutting edge of ground-breaking research, development, and innovation. With a vision to “Grow Smarter”, we have the right ingredients to cultivate businesses in the Marine and Life Sciences, Specialized Manufacturing, Financial Services, Data Analytics, Creative Arts and Design and other emerging industries.
St. Petersburg combines the amenities and variety that any top tier city offers, while providing a small-town neighborhood feel in an affordable setting. St. Petersburg continues to develop as one of the brightest spots in the Southeast, not only as a business location, but as a home for a talented workforce.

The 2nd Annual State of the St. Petersburg Economy Presentation was held December 5, 2016 at the USFSP Student Center. The presentation covered a variety of topics including the most current demographics and socioeconomic information, as well as updates on city initiatives and development projects. A copy of the presentation can be downloaded here  or viewed online .

Learn about recent development projects: 2016 Development Update

Demographics Snapshot

View more Data & Demographics
City Population
259,906 (5th largest city in Florida)

Median City Age
41.8 years

Metro Area Population

Median Household Income 

Source: 2015 ACS 5-year estimates; 2016 BEBR  
Median Home Purchase Price
$230,000 (single family home)

$139,000 (condo/townhouse)
 Source: Pinellas Realtor Organization; Pinellas County - Market Analysis March 2017  
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