Economic Development

New Growth-Focus for Development: 2020’s goal is to speed job creation with a new growth-focused, community centered approach to economic development in South St. Petersburg. 2020 objectives are to ink 10 community benefits agreements (CBAs) with developers/prime contractors that will target an estimated $75 million in construction contracts to community firms; and to support 40 developers, employers and social enterprises to create jobs.

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Objective:

$75 million in construction contracts to community firms, 40 developers, employers and social enterprises, one contract at a time.

Partners’ Impact since 2014

  • 2 Community Benefit Agreements (CBAs) forged 

    • New CBA City policy being developed 

    • $7.2 million in construction contracts targeted CBAs slow-going the 2020 team has achieved marginal success in cultivating CBAs, including the following. 

Commerce Park: 2020 secured a win for the community when the City adopted recommendations by Rev. Louis Murphy and the 2020 team for new terms tied to development of the 14-acre Commerce Park site. The City estimates that new projects will create 64 jobs and build 75,000 sq. ft. of space, and target 30% of construction contract opportunities to small firms, and 51% of jobs to low income workers. This equates to as much as $4.5 million in contract opportunities plus new job income. 

The Skate Park: 2020 supported Coy LaSister in asking the City and selected contractor to increase work with community firms during design and construction of the new Campbell Park skate park. The team succeeded in securing an increased goal, from 5% to 8.25% for community firms. 

Tropicana Field Redevelopment: Under the leadership of Co-Chairs Attorney Tamara Felton and Bruce Nissen, the 2020 team is crafting a CBA policy that will apply to all development activity on the 85-acre site, which is slated for 5 to 7 million square feet of new development over a 10-year span. 

One Community Plan: In 2016, 2020 Plan leaders proposed to Mayor Rick Kriseman and Deputy Mayor Dr. Kanika Tomalin that the City invest in the creation of a comprehensive economic growth plan for South St. Petersburg – one that builds on but overcomes the limits of traditional redevelopment and economic development paradigms which have not measurably grown employment, income or wealth for the community. The Mayor and Deputy Mayor secured City Council approval for a $100,000 investment into the creation of a 10-year economic growth plan for South St. Petersburg. The plan – now backed by 40 community leaders – is under development. It is scheduled to be unveiled in April 2019. 

Picture: Pictured above, and integrally involved with 2020 projects: the Mayor’s Small Business Liaison Jessica Eilerman; Director of Education & Community Engagement Leah McRae; St. Petersburg Police Community Intervention Director Rev. Kenny Irby; and Police Chief Anthony Holloway

Picture: Pictured above, and integrally involved with 2020 projects: the Mayor’s Small Business Liaison Jessica Eilerman; Director of Education & Community Engagement Leah McRae; St. Petersburg Police Community Intervention Director Rev. Kenny Irby; and Police Chief Anthony Holloway