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Q: What drives Tampa's economy? ( Answered 5 out of 5 stars,   1 Comment )
Subject: What drives Tampa's economy?
Category: Business and Money > Economics
Asked by: shikibobo-ga
List Price: $20.00
Posted: 23 Sep 2004 06:17 PDT
Expires: 23 Oct 2004 06:17 PDT
Question ID: 405220
Right of first refusal to googlenut-ga.

See 343176, 343973, 343179, 343174.
Subject: Re: What drives Tampa's economy?
Answered By: googlenut-ga on 25 Sep 2004 11:03 PDT
Rated:5 out of 5 stars
Hello Shikibobo-ga,

The Port of Tampa is the largest driver of Tampa?s economy.  It?s
economic impact to the Tampa Bay region is reported to be $13 billion
and approximately 108,000 jobs. A large portion of the Port of Tampa?s
business is related to tourism.

Other major economic impact sectors are Tampa International Airport,
and MacDill Air Force Base and Defense Spending.

The largest employer in the Greater Tampa area is Hillsborough County
School District with more than 25,000 employees, followed by Verizon
Communications, the University of South Florida, and Hillsborough
County Government.


Tampa Profile
Citywide Perspective
City Of Tampa Department of Strategic Planning and Technology
June 2004

?Major Economic Impact Sectors ? The following are selective major
sectors of the local economy and their related economic impact on the
local community.

 - Port of Tampa ? The Port of Tampa?s direct impact on the Tampa Bay
region for 2001 was $6 billion with 34,658 workers who received $1.2
billion in wages. Counting direct, indirect and induced economic
impact, the total impact of the port on the Tampa Bay region is $13
billion, 107,900 jobs and $3.7 billion in wage income. Impact on Local
Property tax, sales tax and fuel tax is $170 million and $210 million
in State sales, corporate and other state revenues.

 - Tampa International Airport ? The airport directly and indirectly
supports nearly 18,000 jobs in the community and contributes more than
$1 billion annually into the economy. In 2003, approximately 15.5
million passengers enplaned and deplaned.

 - MacDill Air Force Base and Defense Spending ? The total economic
impact of MacDill AFB on the Greater Tampa Bay Area (within a 50 mile
region) in Fiscal Year 2002 (October 1, 2001 ? September 2002) was
greater than $5.5 billion. Impact is comprised of $2.7 billion in
annual payroll (military, civilian and retirees), $1.2 billion in
total annual expenditures (construction, services materials, equipment
and supplies) and $1.6 billion in estimated annual value of indirect
jobs created. The total number of jobs supported includes nearly
12,000 military, over 7,200 civilian employees, over 64,000 retired
military and 69,000 retired military dependents, 12,400 active duty
military dependents and more than 50,000 indirect jobs. Defense
spending in Hillsborough County for Fiscal Year 2002 is estimated as
$1.3 billion comprised of $498 million in procurement, $522 million in
transfers (entitlement payments received by military and civilian
retirees and veterans) and $319.4 million in salaries (direct salaries
for military and civilian employees). Direct and indirect economic
impact of the defense spending in Hillsborough County is over $3
billion and 48,120 jobs.?

(page 26)

American Association Of Port Authorities
Tampa Port Authority
AAPA Risk Management Seminar AAPA Risk Management Seminar,%20Dave.pdf
?The Port of Tampa Economics

 - West Florida?s largest economic engine
 - Contributing $13 billion to Tampa Bay?s economy
 - Paying $1.3 billion in taxes
 - Employing more than 108,000 people in the Tampa Bay area
 - Major port for fuels, building materials, phosphate products, and steel
 - Over half of all Florida?s seaborne commerce passes through the port?

Tampa Bay Convention & Visitors Bureau
Tampa Bay Facts
?Tourism has the biggest economic impact, but varied industries
include electronic equipment and biomedical manufacturing, citrus
canning, shrimping, paint production, brewing, phosphate mining,
transportation and finance and government sectors.

Tampa is the foremost port of Florida's west coast and one of the
nation's busiest. The port's strategic location contributes to some
108,000 jobs and $13 billion each year to the local economy.?

Tampa Bay Business Journal
Study: Florida center of cruise industry
?Passenger and crew spending generated $38 million in economic impact
for Tampa when you multiply an average figure of $166,000 by each
sailing from the port to determine onshore spending, Rathbun said.?

Tampa Port Authority
?As Florida's largest port, Tampa handles nearly 50 M tons/year, or
half of the State's total seaborne cargo tonnage.  The Port of Tampa
is also the largest economic engine in West Central Florida.  It
continues to grow and diversify, attracting new investment and
facilitating trade growth while enhancing security and safety.

The Port of Tampa is home to a vibrant and diverse traffic base, which
moves efficiently through an extensive array of terminal facilities
encompassing container, bulk, break bulk, ro-ro, project cargoes and
cruise passengers, plus North America's largest dockside cold storage
terminal.  Our strategic location provides the most direct route to
Mexico, Latin America and the Caribbean and the region's rapidly
expanding load center hubs providing worldwide services. With a main
shipping channel depth of 43 feet, Tampa is also the closest full
service U.S. port to the Panama Canal.

Our mixed-use development of entertainment, accommodations and retail
activity in the Channelside area continue to drive the cultural
vibrancy of Tampa's downtown. As one of the largest shipbuilding and
repair centers in the Southeast, Tampa is a full-service port.?


Greater Tampa Chamber of Commerce
Tampa Community Profile
?Public & Private County Employers             Employment

Hillsborough County School District            25,487
Verizon Communications                         14,000
University of South Florida                    11,607
Hillsborough County Government                 10,886
MacDill Air Force Base                          9,000
Tampa International Airport                     7,760
James A Haley Veterans Hosp                     5,900
St Joseph's Hospital                            5,242
JP Morgan Chase                                 5,237
City of Tampa                                   4,500
Publix Food Centers                             4,342
US Postal Service                               3,947
Bank of America                                 3,754
Outback Steakhouse                              3,625
TECO Energy                                     3,211
Tampa General Hospital                          3,166
University Community Hospital                   3,100
Citigroup                                       3,000
Kash-N-Karry                                    2,652
Busch Gardens                                   2,437
Caspers Company McDonald's Restaurants          2,416
Progressive Insurance                           2,359
USF Health Sciences Center                      2,217
Capital One                                     2,000
H Lee Moffitt Cancer Ctr                        1,901
USAA Insurance                                  1,546
Tampa Tribune                                   1,530
IBM                                             1,500
Time Customer Svc                               1,500
Hillsborough Community College                  1,454
Health Solutions                                1,430
Regional Medical Center                         1,393
Price WaterhouseCoopers                         1,350
Continental Airlines                            1,330
Coca Cola Enterprises                           1,200
Household International                         1,200?


Other References:

Greater Tampa Chamber of Commerce
2004 tampa/hillsborough market guide

Greater Tampa Chamber of Commerce 
Tampa/ Hillsborough County Market Overview

City of Tampa Profile

City Of Tampa
Planning & Management
Economic Rankings

City Of Tampa 
Planning & Management 
Technology Rankings

U.S. Department of Labor
Bureau of Labor Statistics 
Tampa-St. Petersburg-Clearwater, FL
Economy at a Glance


I hope you have found this information helpful. If any of the long
links give you a problem, they should work if you copy and paste them
into your browser.

Thank you for the question.


Google Search Terms:

"tampa florida OR fl" economy employers industries

tampa florida economy largest OR major industries businesses OR employers

"Port of Tampa"

tampa florida economy port
shikibobo-ga rated this answer:5 out of 5 stars and gave an additional tip of: $10.00

Subject: Re: What drives Tampa's economy?
From: googlenut-ga on 27 Sep 2004 07:49 PDT

Thank you for the 5-star rating and the tip!


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