Sunday, February 26, 2017

Economy

Finance, retail, healthcare, insurance, shipping by air and sea, national defense, professional sports, tourism, and real estate all play a vital role in the area's economy.[102] Hillsborough County alone has an estimated 740,000 employees, a figure which is projected to increase to 922,000 by 2015.[102] Several large corporations, such as banks and telecommunications companies, maintain regional offices in Tampa.
Tampa Convention Center, built at the site of Fort Brooke
Several Fortune 1000 companies are headquartered in the metropolitan area,[103] including OSI Restaurant Partners, WellCare, TECO Energy, and Raymond James Financial.
Largest employers in Tampa (2013)[104]
Employer Employees Industry
BayCare Health System 19,600 Healthcare
Publix Super Market 13,800 Retail
HCA West Florida 13,150 Healthcare
Frontier Communications 9,950 Telecommunications
Tampa General Hospital 6,600 Healthcare
Wal-Mart 5,800 Retail
Florida Hospital 5,100 Healthcare
JPMorgan Chase & Co. 5,000 Finance
Moffitt Cancer Center 4,300 Healthcare
Citi 4,000 Finance
Downtown Tampa is undergoing significant development and redevelopment in line with a general national trend toward urban residential development. As of April 2007, the Tampa Downtown Partnership noted development proceeding on 20 residential, hotel, and mixed-use projects.[105] 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.[106] As of 2010, Tampa residents faced a decline in rent of 2%. Nationally rent had decreased 4%.[107] The Tampa Business Journal found Tampa to be the number two city for real estate investment in 2014.[108]
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. Tampa currently ranks second in the state behind Miami in terms of cruise ship travel. Besides smaller regional cruise ships such as Yacht Starship and SunCruz Casino, Tampa also serves as a port of call for three cruise lines: Holland America's MS Ryndam, Royal Caribbean's Grandeur of the Seas and Radiance of the Seas, and Carnival's Inspiration and Legend.[109]
The main server farm for Wikipedia and other Wikimedia Foundation projects is located in Tampa.[110]
A KC-135R stationed at MacDill flying over Tampa Bay.
MacDill Air Force Base remains a major employer as the parent installation for over 15,000 active uniformed military, Department of Defense (DoD) civil service and DoD contractor personnel in the Tampa Bay area. A significant majority of the civil service and contractor personnel are, in fact, themselves retired career military personnel. In addition to the 6th Air Mobility Wing, which is "host wing" for the base, MacDill is also home to Headquarters, United States Central Command (USCENTCOM), Headquarters, United States Special Operations Command (USSOCOM), the 927th Air Refueling Wing, Headquarters, United States Marine Forces Central Command (USMARCENT), Headquarters, United States Special Operations Command Central (USSOCCENT), and numerous other military activities of the active and reserve components of the armed forces.
Since the year 2000, Tampa has seen a notable upsurge in high-market demand from consumers, signaling more wealth concentrated in the area.[111]

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