Economic Development
2017 CRA Grant Cycle Commences in May
The City of St. Petersburg launched the 2017 cycle of its South St. Petersburg CRA Grant Program to help support private investment in the South St. Petersburg Community Redevelopment Area (CRA). The CRA Grant Program was created in 2015 as part of the city’s innovative, 30-year revitalization plan for South St. Pete designed to help boost private investment in commercial and multifamily residential development in South St. Petersburg. The CRA is generally located between Fourth St. and 49th St., from Second Ave. N. to 30th Ave. S. The City began taking CRA grant applications on May 8, 2017, with a deadline of 5 p.m. on June 16, 2017, for receipt of applications. (Dates subject to change).
In advance of the grant application deadline, City Administration is offering workshops in various locations and satellite office hours at either Enoch Davis Recreation Center or the Childs Park YMCA to assist with preparing the application. For more information on the grant programs and workshop dates, visit the South St. Petersburg CRA webpage.
St. Petersburg - "The Sunshine City"
St. Petersburg is the 5th largest city in Florida, home to nearly 260,000 residents and part of a 2.98 million person MSA. St. Petersburg combines the amenities and variety that any large city has to offer, while providing a small-town neighborhood feel in an affordable setting. St. Petersburg has become one of the brightest spots in the Southeast, not only as a headquarters for new businesses, but as a home for a growing, talented workforce. The city also has a superb transportation, telecommunication, and utility infrastructure all designed to support business growth and workforce commutes.
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
Overview
| 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) |
Source: Pinellas Realtor Organization; Pinellas County - Market Analysis March 2017
