Development and Economic Opportunity
The City of Tampa is experiencing unprecedented growth in both development and population. The challenge for any local government experiencing growth is to manage it effectively and ensure that prosperity is shared equally across all its communities. To achieve these goals, in 2019 newly-elected Mayor Jane Castor worked to develop a 5-part vision for Tampa’s future.
Called ‘Transforming Tampa’s Tomorrow’ this roadmap, often called the ‘T3 Plan’ - sets out a plan of action to tackle the most vital parts of Tampa’s future, including Transportation, Customer Service, Housing Affordability, Workforce Development, and Sustainability and Resiliency. The plan will be the guiding force for the City’s resources and talent moving forward.
Tampa’s Development and Economic Opportunity portfolio is the centerpiece of several aspects of the T3 Plan, including Customer Service and Housing Affordability. The blueprint has been drawn and the work ahead will be sharply focused, yet deliberatively inclusive and collaborative. The long-term goal is a City that thrives and provides for all its residents and is positioned to continue to grow and prosper. Those goals are never more sharply in focus than now, while the City is faced with daunting challenges around keeping its citizens safe while restoring its economy.
Development & Economic Opportunity is comprised of the following departments:
Overview – Economic Opportunity is responsible for developing and managing the City of Tampa’s initiatives to promote a comprehensive and strategic approach to economic development. It is also responsible for coordinating with the Community Redevelopment Department and directing other citywide revitalization initiatives and community planning.
The City of Tampa Planning and Development Department's function is to oversee the development of building structures that are compatible and compliant with applicable codes and ordinances. The department is comprised of the following divisions: Construction Services, Architectural Review, and Historic Preservation, Housing & Community Development, and Real Estate.
The Convention Center and Tourism Department is responsible for the generation of economic impact through the operation of Tampa’s Convention Center. The facility is a world-class event space located on the beautiful Tampa River Walk in the heart of downtown within walking distance of major hotels and restaurants. The Center features a 200,000-square-foot exhibit hall with 39 flexible meeting rooms and a ballroom accommodating up to 2,000 guests for dining, presentations, and more. Also located on-premise is The Sail which serves refreshing beverages to convention delegates and locals in a casual river-front outdoor setting with 360-degree panoramic views of our waterfront marina along the historic Hillsborough River.
Investing in neighborhood redevelopment is a high priority in each of Tampa's eight community redevelopment areas. From Downtown to Drew Park, redevelopment activity is helping to make Tampa's neighborhoods more attractive, safe, convenient, environmentally healthy and economically strong.
Get to Know Tampa
The City of Tampa is the county seat and largest city in Hillsborough County and is the third-most populous city in Florida. Approximately one-third of Hillsborough County's population resides in the City of Tampa.
The City of Tampa is the economic hub of west central Florida. Its economy is founded on a diverse base that includes tourism, health care, finance, insurance, technology, construction, and maritime industry.
The City of Tampa works in partnership with a number of local, regional, and statewide partner organizations to promote job creation and a healthy economy. Among these are the The Tampa Bay Economic Development Council, the Tampa Bay Partnership and Visit Tampa Bay.
Programs and Services
Tax Exemptions Available for Businesses
The Economic Development Ad Valorem Tax Exemption Program provides an additional economic development incentive for businesses that locate or expand within the City of Tampa and create jobs. Exemptions on Ad Valorem property and tangible taxes are available for qualifying businesses. Click here to complete the Ad Valorem application.
Information and Resources
- CRA Tax Increment Fund (TIF) Annual Budgets
- CRA Annual Report Archives
- CRA FAQ
- Data & Media Center
- Economic Development Organizations (EDO's)
- Living in Tampa
- CRA Tax Increment Financing (TIF) Financial Reports
- CRA Tax Increment Financing In Florida
- Economic Development Organization (EDO) Partnership Reports Per F.S. Sec. 166.021(8)(d)
- Locational Assessment and Recommended Strategic Plan for Economic Growth (2010)