2026 State of the Economy | St. Pete, FL

The 2026 State of the Economy event for St. Petersburg, FL, held on June 4, 2026, featured city leaders including the mayor, city council chair, and economic development officials discussing the city's economic growth, resilience, and inclusive progress. Key procurement-related highlights included the city's $2.7 billion SPAR program for wastewater, water, and stormwater infrastructure improvements, with a proposed $600 million general obligation bond to accelerate projects over five years. The city also reported completion of the Tropicana Field roof replacement under budget by nearly $3.9 million. Investments in affordable housing and community redevelopment were detailed, including $6.5 million in American Rescue Plan Act funding and over $2 million in tax increment financing for projects in the South St. Petersburg Community Redevelopment Area. The city emphasized support for small businesses through programs like the Greenhouse and Office of Supplier Development, which facilitate contracting opportunities and capacity building. Additionally, transportation infrastructure improvements, including trail expansions and ferry service development, were discussed as part of economic development and resilience efforts. The meeting recognized legacy businesses and awarded local leaders for their contributions to the city's economic ecosystem.