2022
REGIONAL COMPETITIVENESS SUMMARY REPORT
THE 2022 REGIONAL COMPETITIVENESS REPORT IS PRODUCED BY THE TAMPA BAY PARTNERSHIP FOUNDATION, IN COLLABORATION WITH COMMUNITY FOUNDATION TAMPA BAY AND UNITED WAY SUNCOAST, AND IS AFFILIATED WITH THE STATE OF THE REGION INITIATIVE. WWW.STATEOFTHEREGION.COM
WELCOME
WELCOME TO THE 2022 REGIONAL COMPETITIVENESS SUMMARY REPORT. In the five years since we first published this annual benchmarking report, it’s become a trusted resource for objective data and has been widely adopted by business, government, and nonprofit leaders throughout the region. It’s also illuminated some of the major challenges we face in Tampa Bay, many of which have been exacerbated by the global pandemic, which is unimaginably approaching its two-year anniversary. This year’s report gives us our first real glimpse into the complicated impact of COVID-19 on our community, and the toll it’s taken on our residents. On one hand, we see that Tampa Bay continues to perform well in the “growth” indicators, ranking 2nd in net migration and 6th in new business starts. This indicates that both people and businesses want to be here, and the arrival of both may continue to be accelerated by Florida’s “open for business” policies in response to COVID-19. But we also find that wages in Tampa Bay aren’t keeping up with the costs of living in the region and continue to rank near the bottom of our comparison communities. In 2022, we learned that 45 percent of our residents are struggling to meet their monthly budget and we rank 16th in affordability, which looks at the percentage of income residents spend on housing and transportation. When you combine this concerning news with the fact that we again rank last in terms of transit supply and demand, and housing prices rose by more than 23 percent during the period measured, it’s clear that we are in the midst of an affordability crisis – one that’s hitting our lower wage workers particularly hard. Inside this summary report, you’ll find a snapshot of each indicator that provides an at-a-glance view of our 2022 performance and peer ranking. Meanwhile, at www.stateoftheregion.com, you’ll find detailed data for each of the indicators, as well as an explorer tool that will allow you to dig deeper for additional insights. Using this tool, you can now compare Tampa Bay’s performance over time to select benchmark communities, view certain indicator data at the county level or by race and ethnicity, and generate custom charts to save and report your findings. The data contained within this report is eye-opening and, at times, can be a difficult pill to swallow. But having the courage to look honestly at ourselves in order to improve is a strength of our region and will be the key to our progress. The Regional Competitiveness Report was conceived to provide Tampa Bay leaders and residents with a common base of knowledge from which to work collectively for positive community change. And while the research itself is critical to that effort, the real value will arise when we act upon what we’ve learned. We encourage you to spend time with this data and reflect on where you can make the biggest impact.
Sincerely,
Jessica Muroff CEO United Way Suncoast
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Bemetra Simmons President & CEO Tampa Bay Partnership
2022 REGIONAL COMPETITIVENESS SUMMARY REPORT
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Marlene Spalten President & CEO Community Foundation Tampa Bay
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The drivers of our regional economy - identified here as Economic Vitality, Innovation, Infrastructure, Talent and Civic Quality - represent the critical needs of our residents and businesses. Together, they create a framework for prosperity and lead to critical Outcomes that indicate whether our economy is growing, and if that growth is being enjoyed by everyone. Our comparison communities reflect both peer and aspirational relationships with Tampa Bay. Factors such as population and demography, the size of the economy, and the presence of regional assets – including ports and research universities – were considered, as well as the frequency of competition for economic development projects.
ABOUT THIS REPORT
MORE THAN 100 BUSINESS, GOVERNMENT AND NONPROFIT LEADERS joined forces to select over 60 indicators that, if moved in the right direction, can create a more prosperous future for all residents of Tampa Bay. Each year, we measure our performance, and track how we’re doing against 19 peer communities and the country as a whole.
COMPARISON COMMUNITIES Atlanta
Denver
Orlando
San Diego
Austin
Houston
Phoenix
Seattle
Baltimore
Jacksonville
Portland
South Florida
Charlotte
Minneapolis-St. Paul
Raleigh-Durham
St. Louis
Dallas-Ft. Worth
Nashville
San Antonio
Tampa Bay
Seattle Portland
Minneapolis-St. Paul
Baltimore
Denver
Raleigh-Durham
St. Louis Nashville
San Diego
Charlotte
Phoenix Atlanta
Dallas-Ft. Worth
Jacksonville Austin Orlando San Antonio
Tampa Bay
Houston
South Florida
For the purpose of this report, the data presented as the Tampa Bay region reflects the eight counties of Citrus, Hernando, Hillsborough, Manatee, Pasco, Pinellas, Polk and Sarasota, a combination of four Metropolitan Statistical Areas (MSAs) including: Tampa-St. Petersburg-Clearwater (Hernando, Hillsborough, Pasco and Pinellas), the 18th largest metro area in the country; Homosassa Springs (Citrus); Lakeland-Winter Haven (Polk); and North Port-Sarasota-Bradenton (Manatee and Sarasota). In instances where we combine county-level data, or MSA-level data, to create a regional value, we do so by weighting the component values by an appropriate factor (population, number of households, etc.). It should be noted that, in most instances, the Tampa Bay regional value remains close to the value of the Tampa-St. Petersburg-Clearwater MSA. 2022 REGIONAL COMPETITIVENESS SUMMARY REPORT
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USER GUIDE
THE 2022 REGIONAL COMPETITIVENESS SUMMARY REPORT is provided as a resource for the entire community, to help each of us make a positive impact on the competitiveness and prosperity of Tampa Bay. Understanding how to read and analyze the information presented within the report is key to it becoming a more useful and relevant tool for everyday use.
INDIVIDUAL INDICATOR’S NAME
TAMPA BAY: The absolute value for Tampa Bay is noted to provide additional context to the relative ranking. When displayed in green, the value improved. When displayed in red, the value worsened. When displayed in black, the value remained the same.
Gross Regional Product (GRP) Growth Rate
Tampa Bay
-1.13% United States
-3.46%
UNITED STATES: Where available, information for the United States is included to illustrate how Tampa Bay compares to national performance.
2022 Ranking
5
3
Top Performer
Austin 1.24%
2022 RANKING: The bold ranking highlights Tampa Bay’s relative position among the cohort in the 2022 report, and the ranking below it indicates its position in the 2021 report. When the arrow appears in green, the ranking improved over the previous year. When displayed in red, the ranking worsened. When there is no arrow, the ranking remained the same.
TOP PERFORMER: We’ve noted the top performer among the 20 markets, with its value.
THE COMPLETE DATA SET for each indicator, including the ranking and performance for all 20 markets, as well as the data source, can be found at www.stateoftheregion.com.
Disclaimer: The Tampa Bay Partnership Foundation has, to the best of its ability, compiled the information contained within and used to produce this publication. The data is believed to be the latest available at the time of production, accurate, and from reliable sources. The Tampa Bay Partnership Foundation welcomes constructive criticism and corrections of the errors that may appear in a project of this complexity. For more information on the methodology for this report, please contact Dave Sobush at dsobush@tampabay.org.
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2022 REGIONAL COMPETITIVENESS SUMMARY REPORT
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This project expands and advances previous regional efforts, such as the Economic Market Report and the Regional Economic Scorecard, led by the Tampa Bay Partnership and the former University of South Florida Center for Economic Development Research (CEDR). The strategic vision and leadership of Chuck Sykes, President & CEO of Sykes Enterprises and the chair of the Regional Indicators Task Force, was instrumental in the creation of the inaugural Regional Competitiveness Report in 2017, along with that of the participating task force members, including: Robbie Artz, Michael Baughen, Len Becker, David Call, Gino Casanova, Bob Clifford, David Cohen, Tom Corona, David Doney, Nathaniel Doliner, Lee Evans, Gina Gallo, Scott Garlick, Brett Lafferty, Marty Lanahan, Rhea Law, Mark Lilly, Chad Loar, Suzanne McCormick, Seth McKeel, David Pizzo, Dr. Ed Rafalski, Amy Rettig, Nick Setteducato, Marlene Spalten, Matt Spence, William Walsh, Chuck Warrington and Melanie Williams. The production of the 2022 Regional Competitiveness Report relied upon the feedback and guidance of the following stakeholders across the region, who shared their time and insight to help us make this a better, more useful resource for the community:
ACKNOWLEDGEMENTS
THE REGIONAL COMPETITIVENESS REPORT is made possible through the engaged support of business and community leaders throughout Tampa Bay, both past and present.
Turner Arbour, Robbie Artz, Rakefet Bachur-Phillips, Bronwyn Beightol, Rick Bennett, Stephen Benson, Susie Bowie, Jennifer Brackney, Glenn Brown, Ryan Brown, Brian Butler, Rick Casey, Braulio Colon, Ernest Coney, Duggan Cooley, Elizabeth Cordes, Sheff Crowder, Robin DeLaVergne, Robin DiSalvo, J.P. DuBuque, Tim Dutton, David Engel, Jessica Estevez, Andrea Falvey, Chelsea Favero, Tina Fischer, Kelly Flannery, Nikky Flores, Benjamin Friedman, Gina Gallo, Richard George, Gordon Gillette, Stanley Gray, David Green, Sunny Hall, Watson Haynes, Bill Hoffman, Kristi Hoskinson, Jocelyn Howard, Dave Hutchinson, Emery Ivery, Dianne Jacob, Chris Jadick, Michael Jones, Kim Jowell, Janet Kahn, Atul Khosla, Owen LaFave, Rhea Law, Yvette Lewis, Chad Loar, Christina Mendoza, Dan Mitchell, John Moors, Tom Morrissette, Linda Olson, Haresh Patel, Amanda Payne, Ardath Prendergast, Ed Rafalski, Ranata Reeder, Fred Rosario, Michele Routh, Yvette Segura, Erin Silk, Tammie Sweet, Micki Thompson, Caroline Vostrejs, Harry Walsh and Lindsay Zimmerman.
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Outcomes measure the growth of the regional economy as a whole and on a per person basis, the extent to which economic growth is enjoyed by everyone, and the attractiveness of the region to its current and potential residents. Outcomes are shaped by our performance within the following drivers and indicate whether we’re making progress toward our goal of economic competitiveness and prosperity. Following a year of volatile unemployment numbers, this year’s edition reports a stabilized regional unemployment rate of 4.86% and a climb in rank from 16th to 10th. Tampa Bay continues to outperform its peer markets in attracting new residents, and we find that nearly 1 in 12 persons aged 25-34 did not live in the region the year prior. This population growth is a likely contributor to Tampa Bay’s relatively strong performance in annual change in Gross Regional Product (GRP). However, on a per capita basis, we once again find Tampa Bay last at $41,620, which is roughly 80% of the national value and less than 50% of the top performer, Seattle ($94,099).
There are no updates to the Poverty or Youth Poverty indicators in 2022. Information provided is from the 2021 edition of the Regional Competitiveness Report.
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22002222 RREEGGI IOONNAALL CCOOM MPPEETTI ITTI IVVEENNEESSSS SSUUM MM MAARRYY RREEPPOORRTT
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OUTCOMES
OUTCOMES
OUTCOMES
Tampa Bay
4.86% United States
5.66%
Net Migration
2022 Ranking
10 16
Top Performer
Atlanta 3.20%
Gross Regional Product (GRP) Growth Rate
Tampa Bay
-1.13% United States
-3.46%
2022 Ranking
5
3
Top Performer
Austin 1.24%
Poverty Rate
Tampa Bay
12.17% United States
12.34%
Population Age 25-34 In-Migration Rate
2022 Ranking
Tampa Bay
2
1.94%
United States
0.15%
2
Top Performer
Austin 2.39%
Per Capita Gross Regional Product (GRP)
$51,427
17 16
Top Performer
Seattle 7.79%
Tampa Bay
17.43% United States
16.75%
12
9
Top Performer
Austin
n/a
Tampa Bay
45.0%
Top Performer
United States
20
Seattle $94,099
11.49%
42.0%
2022 Ranking
13 n/a
Top Performer
Seattle 30.2%
Full-Time Worker Poverty Rate
Youth Poverty Rate
2021 Ranking
United States
20
$41,620 United States
7.50%
2022 Ranking
Financial Instability Rate: ALICE + Poverty
2022 Ranking
Tampa Bay
Tampa Bay
OUTCOMES
Unemployment Rate
2021 Ranking
17 16
Top Performer
Seattle
2022 REGIONAL COMPETITIVENESS SUMMARY REPORT
8.52%
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Tampa Bay
2.55% United States
2.50%
2021 Ranking
15 17
Top Performer
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Seattle 1.03%
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Economic Vitality measures the quantity and quality of jobs within a region, the relative incomes that its residents earn, the wealth they attain, and the economic opportunities seized by its entrepreneurs. The economic effects of the COVID-19 pandemic and the region’s subsequent recovery can be seen throughout this year’s data. Most notably, Tampa Bay experienced strong job growth and the rapid acceleration of median sales prices of single-family homes. Household balance sheets (as measured by Median Net Worth) skyrocketed in 2021 compared to 2020 levels, largely driven by increased housing value. Average wages for all workers increased significantly, but Tampa Bay did not improve similarly in ranking. Notably, both the dollar and percentage increases for average wages were stronger in the aggregate versus the subset of retail and leisure/hospitality wage earners, indicating the pandemic’s disproportionate impact on the region’s service sector workers.
There are no updates to the Median Household Income or Mean Household Income (Lowest Quintile) indicators in 2022. Information provided is from the 2021 edition of the Regional Competitiveness Report.
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2022 REGIONAL COMPETITIVENESS SUMMARY REPORT
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ECONOMIC VITALITY
ECONOMIC VITALITY
ECONOMIC VITALITY
Tampa Bay
53,764
Average Wage Service Sector
2022 Ranking
19
$
United States
64,247
$
19
Top Performer
Seattle $94,710
Median Household Net Worth
Tampa Bay
189,004
2022 Ranking
4
$
United States
143,016
$
11
Top Performer
Mpls-St. Paul $234,610
Existing Home Sales Price Growth Rate
Tampa Bay
23.34% United States
24.52%
58,241
$
United States
65,712
$
30,566
2022 Ranking
14
$
United States
31,703
15
Top Performer
Seattle
$
$69,336
Tampa Bay
15.23% United States
14.84%
2022 Ranking
7 4
Top Performer
Austin 41.18%
2021 Ranking
20 20
Top Performer
Seattle $94,027
Tampa Bay
14.90% United States
-1.01%
Tampa Bay
5.27% United States
5.83%
2022 Ranking
16 4
Top Performer
Orlando 8.22%
Business Establishment Start Rate
Advanced Industry Job Share
2022 Ranking
Tampa Bay
12
11.38%
Top Performer
United States
11
Seattle 19.38%
Merchandise Exports Growth Rate
Median Household Income
Tampa Bay
Tampa Bay
Job Growth Rate
ECONOMIC VITALITY
Average Wage
9.23%
2022 Ranking
6
5
Top Performer
Orlando 12.81%
Advanced Industry Gross Regional Product (GRP) Growth Rate
2022 Ranking
3
19
Top Performer
Jacksonville 23.63%
Tampa Bay
5.09% United States
3.39%
2022 Ranking
7
9
Top Performer
Austin 9.10%
Mean Household Income (Lowest Quintile)
Tampa Bay
14,283
2021 Ranking
19
$
United States
14,521
$
18
Top Performer
Seattle $22,088
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Infrastructure measures the quantity and quality of the investment a region makes in getting people here, getting them around, and keeping them safe while they’re on the move. Air passenger traffic to and from Tampa Bay plummeted by 52.06% due to decreased travel in 2020, and yet this rate of change still ranked 4th best among the comparison communities. On the roads, Tampa Bay drivers spent an average of 18 hours in traffic in 2020, down from 21 the year prior. However, in the context of the comparison communities, the ranking fell from 2nd to 8th. Tampa Bay continues to see an opportunity to improve transit service – ranking last in both transit supply and demand – and pedestrian and cyclist safety, where the region’s fatality rate doubles that of the nation and is quadruple that of the top performer (Minneapolis-St. Paul), resulting in a ranking of 19th.
There are no updates to Walkability, Average Commute Time, Share of Commuters with 1+ Hour Commutes, or Share of Households with Computer and Dedicated Broadband Internet Access indicators in 2022. Information provided is from the 2021 edition of the Regional Competitiveness Report.
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22002222 RREEGGI IOONNAALL CCOOM MPPEETTI ITTI IVVEENNEESSSS SSUUM MM MAARRYY RREEPPOORRTT
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INFRASTRUCTURE
INFRASTRUCTURE
INFRASTRUCTURE
Tampa Bay
71.86% United States
50.38%
Transit Ridership per Capita
2022 Ranking
6 3
Top Performer
Nashville 82.18%
Pedestrian and Cyclist Fatalities per 100,000 Residents
Tampa Bay
4.38
United States
2.15
2022 Ranking
19
19
Top Performer
Mpls-St. Paul 1.12
Share of Households with Computer and Dedicated Broadband Internet Access Tampa Bay
79.2%
United States
78.0%
Tampa Bay
9.43
United States
43.62
Transit Vehicle Revenue Miles per Capita
2022 Ranking
20 20
Top Performer
Seattle 71.23
Airline Passenger Growth
Tampa Bay
-52.06% United States
-60.62%
15 n/a
Top Performer
Seattle 87.4%
Tampa Bay
28.1
United States
27.6
10.08 United States
19.12
2022 Ranking
20 20
Top Performer
Seattle 37.88
Annual Hours Lost in Congestion
2022 Ranking
4 6
Top Performer
Charlotte -46.51%
Average Commute Time (Minutes)
2021 Ranking
Tampa Bay
INFRASTRUCTURE
Pavement Condition Rated Fair or Good
Tampa Bay
18
United States
36
2022 Ranking
8 2
Top Performer
Orlando 9
Share of Commuters with 1+ Hour Commutes
2021 Ranking
11 9
Top Performer
St. Louis 26.0
Tampa Bay
9.2%
United States
9.8%
2021 Ranking
12
13
Top Performer
St. Louis 5.6%
Walkability
Tampa Bay
9.62% United States
39.97%
2021 Ranking
11 11
Top Performer
South Florida 53.33%
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Talent measures who’s working today, and how well the region’s talent pipeline is being prepared for the jobs of tomorrow. Among the benchmark communities, Tampa Bay saw high school graduation rates – for all students as well as the economically disadvantaged – improve versus the prior year, along with an improvement in ranking. However, the pandemic appears to have affected timely higher education completion, as evidenced by lower rates of certificate and degree production in the region. Likewise, the Florida Talent indictors clearly indicate the negative impact of the pandemic on student outcomes. In each of the measurements related to student performance on K-12 state standards assessments and end-of-course subject area examinations, Tampa Bay students performed worse in the 2020-2021 academic year versus the 2018-2019 academic year (the last year these assessments were administered). Additionally, Tampa Bay ranks last among the major Florida metros in Kindergarten Readiness and the 3rd grade English Language Arts Florida Standards Assessment (also known as the third-grade reading test).
There are no updates to the following indicators in 2022: Share of 3 & 4-Year-Olds Enrolled in School, Educational Attainment Rate: AA/AS+, Educational Attainment Rate: BA/BS+, Educational Attainment Rate: Graduate/Professional, Age 25-34 Educational Attainment Rate: BA/BS+, or Labor Force Participation Rate: Age 25-64. Information provided is from the 2021 edition of the Regional Competitiveness Report.
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2022 REGIONAL COMPETITIVENESS SUMMARY REPORT
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TALENT
TALENT
TALENT
Tampa Bay
12.13% United States
n/a
2022 Ranking
24.32
Top Performer
United States
Mpls-St. Paul 7.36%
STEM Degree Production per 10,000 Residents
Tampa Bay
36.24 United States
44.65
49.74% United States
48.94%
2022 Ranking
12
9
Top Performer
Raleigh-Durham 68.88
11.20% United States
12.79%
11 11
Top Performer
Orlando 73.78
Tampa Bay
89.09% United States
n/a
2021 Ranking
Tampa Bay
10
40.11%
Top Performer
United States
12
South Florida 63.43%
2021 Ranking
19 19
Top Performer
Raleigh-Durham 19.81%
41.74%
2022 Ranking
11
15
Top Performer
Austin 91.82%
30.51% United States
36.94%
2021 Ranking
19
19
Top Performer
Raleigh-Durham 56.20%
United States
124.14
15
15
Top Performer
San Diego 199.98
Tampa Bay
84.63% United States
n/a
2022 Ranking
10
13
Top Performer
Orlando 89.34%
Tampa Bay
30.18% United States
33.13%
2021 Ranking
19 19
Top Performer
Raleigh-Durham 47.44%
Labor Force Participation Rate: Age 25-64
2021 Ranking
18 19
Top Performer
Raleigh-Durham
2022 REGIONAL COMPETITIVENESS SUMMARY REPORT
95.16
2022 Ranking
Educational Attainment Rate: BA/BS+
Age 25-34 Educational Attainment Rate: BA/BS+
Tampa Bay
Tampa Bay
High School Graduation Rate: Economically Disadvantaged
Educational Attainment Rate: AA/AS+
Educational Attainment Rate: Graduate/Professional
Tampa Bay
28.55
2022 Ranking
High School Graduation Rate
Share of 3&4-Year Olds Enrolled in School
Tampa Bay
Tampa Bay
18
18
Degree Production per 10,000 Residents: AA/AS+
Certificate Production per 10,000 Residents
TALENT
Share of Population Age 16-24 Neither Employed nor Enrolled in School
53.55%
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Tampa Bay
76.30% United States
78.60%
2021 Ranking
20 20
Top Performer
Mpls-St. Paul
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85.80%
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Florida Talent Indicators: SAT Scores
Tampa Bay
983 Florida
979
Florida Talent Indicators: AP Testing Rate
2022 Ranking
2
2
Top Performer
Jacksonville 1000
Tampa Bay
53.26% Florida
56.95%
2022 Ranking
4 3
Top Performer
South Florida 66.54%
Florida Talent Indicators: Math FSA (Score of 3 or Better) Tampa Bay
47.25% Florida
45.66%
Tampa Bay
21.84% Florida
21.38%
Florida Talent Indicators: AP Passing Rate
2022 Ranking
3 4
Top Performer
Orlando 29.18%
Florida Talent Indicators: Algebra I EOC (Score of 3 or Better)
Florida Talent Indicators: Kindergarten Readiness
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TALENT
TALENT
FLORIDA TALENT
Tampa Bay
47.82% Florida
46.60%
2
4
Top Performer
Jacksonville 52.49%
Tampa Bay
46.25% Florida
45.82%
2022 Ranking
2
3
Top Performer
Jacksonville 50.57%
3
3
Top Performer
Jacksonville 51.89%
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Florida
59.75%
3
Top Performer
South Florida 65.12%
2022 Ranking
Tampa Bay
4
60.44% Florida
61.70%
4
Top Performer
Jacksonville 66.22%
Florida Talent Indicators: ELA FSA (Score of 3 or Better)
2022 Ranking
2022 REGIONAL COMPETITIVENESS SUMMARY REPORT
4
56.70%
Florida Talent Indicators: Biology I EOC (Score of 3 or Better)
Florida Talent Indicators: Science FSA (Score of 3 or Better)
2022 Ranking
2022 Ranking
Tampa Bay
2022 Ranking
Tampa Bay
4
52.63% Florida
54.42%
4
Top Performer
Jacksonville
WWW.STATEOFTHEREGION.COM
57.92%
Innovation measures the extent to which a community and its institutions are generating new ideas, and the market’s reception of these ideas. In this year’s update, we find that while University Research & Development Expenditures increased in Tampa Bay, the region’s ranking (16th) held steady in the bottom quartile, and University Technology Licensing income fell in both value and rank. Regional patent production fell, and small business awards for innovation and technology transfer research (SBIR/STTR) increased, however, neither of these indicators saw a change in rank this year.
University R&D Expenditures ($1,000s)
Tampa Bay
405,889
$
United States
n/a
2022 Ranking
16 16
Top Performer
Houston
$3,276,849
University Technology Licensing
Tampa Bay
6,687,894
United States
n/a
Patents per 10,000 Residents
2022 Ranking
10
$
INNOVATION
INNOVATION
4
Top Performer
Baltimore
$73,993,273
Tampa Bay
3.14
United States
5.84
2022 Ranking
17 17
Top Performer
Seattle 25.82
SBIR/STTR Awards per Capita
Tampa Bay
1.41
$
United States
9.47
$
2022 Ranking
19 19
Top Performer
Raleigh-Durham $38.69
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Civic Quality measures the affordability of a region, the health and safety of its citizens, and the recreational opportunities that impact its quality of life. This year’s update reveals that Tampa Bay housing and transportation affordability improved in 2021, when comparing expenditures to incomes, but reduced vehicle usage and an eviction and foreclosure moratorium in effect for much of the year likely lowered expenditures in these household budget categories to influence these estimates. Despite the nominal improvement, Tampa Bay again ranks 16th in our measurement of affordability in each of these categories. Aside from Air Quality, where the region ranks 4th, Tampa Bay ranks 15th or lower in each of the Civic Quality measures updated this year.
There are no updates to the following indicators in 2022: Share of Children in Foster Care, Crime Rate per 100,000 Residents, Violent Crime Rate per 100,000 Residents, or Health Insurance Coverage Rates. Information provided is from the 2021 edition of the Regional Competitiveness Report.
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22002222 RREEGGI IOONNAALL CCOOM MPPEETTI ITTI IVVEENNEESSSS SSUUM MM MAARRYY RREEPPOORRTT
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CIVIC QUALITY
CIVIC QUALITY
CIVIC QUALITY
Tampa Bay
4.16
United States
4.84
Mental Health Providers per 10,000 Residents
2022 Ranking
15 13
Top Performer
Nashville 8.41
Affordability: Housing Expenditures as a Percentage of Income Tampa Bay
37.9% United States
38.8%
2022 Ranking
16 18
Top Performer
Mpls-St. Paul 35.4%
Primary Care Physicians per 10,000 Residents
Tampa Bay
6.94
United States
7.56
1,963.7 United States
2,476.6
14.91
United States
26.12
2022 Ranking
17 17
Top Performer
Portland 53.90
Affordability: Transportation Expenditures as a Percentage of Income Tampa Bay
14.0%
United States
14.0%
2022 Ranking
15
14
Top Performer
Portland 10.24
Tampa Bay
42
United States
n/a
2022 Ranking
16
16
Top Performer
Mpls-St. Paul 12.6%
Tampa Bay
2
295.0
Top Performer
United States
2
Raleigh-Durham 1,481.0
366.7
51.9%
United States
52.9%
2022 Ranking
Tampa Bay
12.30% United States
10.90%
16 18
Top Performer
Mpls-St. Paul 48.0%
2022 Ranking
17
16
Top Performer
Mpls-St. Paul 7.01%
87.51%
Top Performer
United States
3
Portland 37
2021 Ranking
Tampa Bay
4
90.83%
14 13
Top Performer
Mpls-St. Paul 95.48%
Share of Children in Foster Care
2021 Ranking
4 4
Top Performer Raleigh-Durham 256.9
2022 REGIONAL COMPETITIVENESS SUMMARY REPORT
2022 Ranking
Health Insurance Coverage Rates
Violent Crime Rate per 100,000 Residents
2021 Ranking
Tampa Bay
Food Insecurity
Median Daily Air Quality Index
Crime Rate per 100,000 Residents
Tampa Bay
Tampa Bay
Affordability: Costs as a Percentage of Income
CIVIC QUALITY
Cultural & Recreational Establishments per 10,000 Residents
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Tampa Bay
2.1%
United States
2.0%
2021 Ranking
15 20
Top Performer
Houston
WWW.STATEOFTHEREGION.COM
1.0%
17
Generally, Tampa Bay is most competitive within the indicators of infrastructure – bicycle and pedestrian safety and transit measures are obvious exceptions – and select measures of economic vitality: business start rates, household net worth and home sales price growth. The latter two are inextricably linked, and may contribute to longer-term affordability issues in the region. Opportunities for growth and improvement are, as with previous years, clustered in the Talent indicators. While many Tampa Bay values improved from last year, the competition isn’t standing still. And while the university-led indicators of innovation show relative strength compared to the private industry measures, innovation in Tampa Bay continues to trail the comparison set. In terms of Outcomes, Tampa Bay finds itself in the lower area of the ranking tables in most indicators. Net Migration is a notable exception, where Tampa Bay ranks in the top quintile and population growth has likely contributed to Gross
Rank 1-4
BETTER
Rank 5-8 Rank 9-12 Rank 13-16 Rank 17-20
Av er ag eW Av ag er ag e eW Job ag Gr eS ow er Me t vic dia h Ra eS te nH ec Ad to ou va r se nc ho e Bu dI ld sin nd Ne us es tW try sE Ex sta ist Job orth ing bli Sh sh H Me ar me e rch ome n t a S Sta nd ale Ad ise rt sP va R nc ric Ex ed e G ate po Me r I ro nd ts dia wt Gr us hR ow try Me n Ho ate th GR us dia Ra eh PG nH t old e ro ou w Inc se om th R ho Un ate ld e ive Inc r om Un sity R e( ive &D Lo rsi we Ex ty Pa p st T e ten ec nd Qu hn ts itu int o p re SB ile l e o s r1 ) gy IR/ 0,0 ST Lic TR 00 en sin Re Aw sid g ar Pa ds en ve ts pe me rC nt Tr ap an Co ita sit nd itio Rid Tr an n er sh sit ip Ve Bic pe h icl yc e R r Ca le pit a ev Air nd a en lin ue e P Pede M An as str se nu ian iles ng pe al e rC Ho r G Safe Ho ap ur t r us y o s ita w eh th old Lost Co i n mm Di Co gi ut ng Co e T tal A es mm cc im tio e e n s s Wa uter sw lka ith bil ity 1+ Ho
SUMMARY OF INDICATORS
THIS CHART PRESENTS THE QUINTILE (five equal groups) rankings of each indicator for each community in an “at a glance” fashion. While we discourage the reader from drawing an “overall” ranking, or “score,” darker shades of each color indicate a more competitive position relative to the comparison markets.
WORSE
Tampa Bay Atlanta Austin
n/a
Baltimore Charlotte Dallas-Ft. Worth Denver Houston Jacksonville Mpls-St. Paul Nashville Orlando Phoenix Portland Raleigh-Durham San Antonio
n/a
San Diego Seattle South Florida St. Louis
ECONOMIC VITALITY 18
INNOVATION
2022 REGIONAL COMPETITIVENESS SUMMARY REPORT
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INFRASTRUCTURE
WWW.STATEOFTHEREGION.COM
ou rC om 16 mu -24 tes Ye Ce ar rti O lds fic ate Ne De ith Pr gr od er ee uc E Pr ST t od ion mpl EM oy u pe cti De ed on r1 Hi gr no gh 0,0 ee pe r in Sc r 00 Pr 10 ho Sc od R Hi , 00 es ol u gh cti ide hool 0R Gr Sc o a n e n ho du ts sid 3/4 pe ol ati en r1 Ye Gr on t 0 s ar ad ,00 Ra Ed Ol ua 0R te uc ds tio es ati E n ide nr on R Ed a o nt t a l eE led uc lA s ati c t i t on n a o i Ed Sc na nm o m ho uc lA en ica ati ol tta lly on inm t Rat 25 Di a e-34 lA sa en A t dv tR tai Ye A an /A nm ate 25 ar S+ tag -64 Ol e -B n ed d A/ tR Ye Ed BS ate ar u + ca Ol -G tio dL Cu ra na ab ltu du lA or ra ate t t l Fo ain & Me / rce Re me Pro nt cre fes al Pa n t He sio ati rti Aff Ra cip on alt na t or ehP ati l Es da B o tab ro bil A n Ho / v B i R l t i i y( S+ de us ate sh Ho ing rs me pe us Tr nt Aff i an r s n or 10 g+ sp da ,00 per 1 Tr or bil an Fo 0R t 0,0 a i sp od ti ty es 00 or Ins on A ide Re t a ff Pr ec t n sid i o o t im ur s rd n) en ity ar a b ts y i l Ca ity Air re Qu P ro He ality vid alt er hI sp ns er Cr ur im 10 an eR ,00 c e ate 0R Vio Co es len ve ide ra tC ge nt Fo r im s R ste ate eR rC ate ar eR Un ate em plo Ne ym tM en igr tR Po ati ate pu on lat ion Gr os s R Age 25 e Pe -34 r C gion al Inap P i Mi t Fin ro aG gr du an ati r os ct cia on s ( G l In Po Re R Ra P) ve gio sta te G rty bil na r o Ra ity lP Yo wt t ro hR ut Ra du hP e te: ate ct ov A Fu ( LIC GR er ll-T t E P y +P ) Po ime Ra ov ve te er rty Wor t y Ra ker te
Regional Product growth. For the fifth consecutive edition, the region reports the lowest Gross Regional Product per capita in the comparison set. In other words, our economy grows but shows relatively little development.
All of this suggests that while Tampa Bay continues to be an attractive place to live, efforts must be made to better understand the connections between our driver and outcome indicators, in order to provide broad and deep economic growth within the region.
As with previous editions of the Regional Competitiveness Report, we look forward to collectively digging into these findings, analyzing the supporting data, and encouraging the development of collaborative strategies to create a more competitive and prosperous Tampa Bay. n/a = data not available
n/a
TALENT
CIVIC QUALITY
2022 REGIONAL COMPETITIVENESS SUMMARY REPORT
| n/a n/a
n/a n/a
n/a n/a
n/a n/a
n/a n/a
n/a
n/a
n/a
n/a
Many results reported by state; ranking/value may be understated
OUTCOMES
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19
ON BEHALF OF THE ENTIRE COLLABORATING TEAM, the authors wish to acknowledge and recognize the volunteer leadership (current as of March 1, 2022) of Community Foundation Tampa Bay, United Way Suncoast, and the Tampa Bay Partnership. Thank you for your engagement within our community, and your commitment to a more competitive and prosperous Tampa Bay. COMMUNITY FOUNDATION TAMPA BAY BOARD OF TRUSTEES Mike M. Starkey, Chair Liveperson AI Miles S. Capron, Retired Capron Sales Ronald L. Ciganek Commercial Banking Executive Richard J. Dobkin Retired Finance Executive Patricia Douglas Retired Attorney Andy Hafer Innovation Entrepreneur Oscar J. Horton Sun State International Trucks, LLC Edward F. Koren Attorney Karen B. Lanese Lanese & Associates CPA Firm Lyda T. Lindell UrBestNow LLC Sareet Majumdar ICTC Global Manufacturing Solutions Robert H. Mohr Attorney At Law Julie A. Rockwell Rockwell Financial Group Mark D. Sena MediaSphere Partners, LLC Linda O. Simmons R.R. Simmons Construction Kevin Sneed University of South Florida James R. Stanger Simon & Associates of Raymond James
UNITED WAY SUNCOAST BOARD OF DIRECTORS
TAMPA BAY PARTNERSHIP COUNCIL OF GOVERNORS
TAMPA BAY PARTNERSHIP LEADERSHIP COUNCIL
Brian Deming, Chair Crucis
Chad Loar, Chair PNC Bank
Pierre Caramazza Franklin Templeton
Michael Attinella Community Volunteer
Brian Auld Tampa Bay Rays
Bob Clifford WSP USA
Lori Baggett PODS Enterprises, LLC
Brian Butler Vistra Communications
Robin W. DeLaVergne Tampa General Hospital
Eric Bailey CAPTRUST
Ravi S. Chari, MD HCA West Florida
Melanie Fowler HDR Engineering
Melva McKay Bass Suncoast Credit Union
Nikky Flores JPMorgan Chase
Steve Griggs Tampa Bay Lightning
James Camp Eagle Asset Management
Richard Hume TD SYNNEX
Michael G. Jones Regions Bank
Scott Curtis Raymond James Financial
Anne Marie Lapczynski Bristol-Myers Squibb
Christine Kefauver Brightline Trains
Jacki Dezelski Manatee Chamber of Commerce
Rhea Law University of South Florida
Kara Klinger Deloitte, LLP
J.P. DuBuque St. Petersburg Area EDC
Carolyn Monroe Old Republic National Title Holding Company
Dan Malasky Tampa Bay Buccaneers
Jamie Egasti Voyant Beauty
John Moore Bayfront Health St. Petersburg
Estella Gray Florida Blue
Jim O’Connell Vinik Family Office
Kim Hopper First Horizon Bank
Joc O’Rourke The Mosaic Company
Rob Lane Kerkering, Barberio & Co.
Haresh Patel Amgen
Traci Larsen Regions Bank
David Pizzo Florida Blue
Chad Loar PNC Bank
Cary Putrino Fifth Third Bank
Rebecca Pickett Better Choice Company
Tim Schar Truist
David Pizzo Florida Blue
Melissa Seixas Duke Energy Florida
Thais Rodriguez-Caez EY
Helen Wesley TECO Peoples Gas System
Willie Tims Jr. Retired Executive
Stuart Rogel Graylan Ventures
Susan Touchton Volunteer Community Leader
Alex Sink Community Volunteer
Laurie W. Valentine Battaglia, Ross, Dicus & McQuaid
Mike Smith Fifth Third Bank
Merritt Martin Moffitt Cancer Center Jessica Muroff United Way Suncoast Edwin Narain AT&T Keith O’Malley USAA Steve Raney Raymond James Bank Amy Rettig Nielsen Darryl Shaw BluePearl Veterinary Partners Marlene Spalten Community Foundation Tampa Bay
Bob Thompson Community Volunteer Matthew Walker Thomas Howell Ferguson CPAs Glenn Waters BayCare Health System
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2022 REGIONAL COMPETITIVENESS SUMMARY REPORT
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