Below is an excerpt from the Tampa Bay Business Journal’s coverage of its 2022 Economic Outlook event, featuring Franklin Street CEO Andrew Wright.
By Christina Georgacopoulos, Tampa Bay Business Journal
The Tampa Bay business community is bullish on the region’s economic rebound from Covid-19.
Leaders expressed optimism at Wednesday’s fourth annual Tampa Bay Business Journal Economic Outlook event. They emphasized the importance of regionalism and cooperation across industries as businesses adapt to structural changes accelerated by the pandemic.
One key metric is driving the outsized expectations for Tampa in 2022.
“It’s all about population growth,” said Franklin Street CEO and Founder Andrew Wright. In addition to Florida’s business friendly tax structure, he said the state government’s pledge against protracted pandemic lockdowns gave businesses and individuals an added layer of confidence in their decision to relocate.
Nearly 1,100 people are moving to Florida every day, but the influx of newcomers to the Tampa Bay region, in particular, is not only from out-of-state migration. The recent surge of South Florida residents relocating to the Interstate 4 corridor has Hillsborough County on pace to surpass the population sizes of Palm Beach, Miami-Dade and Broward counties in coming years, according to Wright.