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Economic Development

2017 Commercial Revitalization Program

The Commercial Revitalization Program (CRP) provides grant awards to projects that involve future work on a new or existing commercial building or development, improve business districts by redeveloping properties, decrease commercial vacancy rates, leverage private investment, and add to the tax base. Projects must be located on the city's commercial corridors, outside of the downtown core. The city expects to have approximately $250,000 this fiscal year available for these grants.

The application cycle for FY 2017 begins April 3, 2017 and applications will be accepted through May 12, 2017 at 3:00 pm. Completed applications are to be submitted at One 4th Street North, 8th floor, in the office of Planning and Economic Development.

Full program description & eligibility map
Application


2017 CRA Grant Cycle to Commence in May

The City of St. Petersburg is launching 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 will begin 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

View more Data & Demographics

City Population
259,906 (5th largest city in Florida)

Median City Age
41.8 years

Metro Area Population
2,975,225

Median Household Income 
$48,858

Source: 2015 ACS 5-year estimates; 2016 BEBR  
Median Home Purchase Price

$206,500 (single family home)
$145,000 (condo/townhouse)

   

Source: Pinellas Realtor Organization; Pinellas County - Market Analysis October 2016

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City of St. Petersburg
P.O. Box 2842
St. Petersburg, FL 33731

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