Industry in Tampa, FL

There is a huge net influx of cash into the area. Many wealthy people have winter houses here, and the upscale Tampa Palms neighborhood is a desirable destination for retired professional athletes. Many corporations, such as large banks and telecommunications companies, maintain regional offices in Tampa.

The downtown area is undergoing significant development and redevelopment in line with a general national trend toward urban residential development. The Tampa Downtown Partnership notes development proceeding on 20 residential, hotel, and mixed-use projects. Many of the new downtown developments are nearing completion in the midst of a housing market slump, which has caused numerous projects to be delayed or revamped, and some of the 20 projects TDP lists have not broken ground and are being refinanced. Nonetheless several developments are nearing completion, which city leaders hope will make downtown into a 24-hour neighborhood instead of 9 to 5 business district.

Tampa's port is now the seventh largest in the nation and Florida's largest tonnage port, handling nearly half of all seaborne commerce that passes through the state. Many cruise ships anchor in Tampa as well.

Three Fortune 1000 companies are headquartered in the metropolitan area-- OSI Restaurant Partners (the parent company of Outback Steakhouse, Carrabba's Italian Grill, and Bonefish Grill), TECO which provides energy for the surrounding area, and Raymond James Financial, the namesake of Buccaneers home field Raymond James Stadium. Fortune 500 company Tech Data is based across the bay in Clearwater, Florida.