Tampa Bay remains an attractive metro for establishing new businesses, ranking 5th in Business Establishment Start Rate. The region creates new companies at a rate of 13.45%, beating out the national average of 10.50%. This a positive sign that people want to move here and that Florida has a climate and regulatory structure conducive to entrepreneurship.
Regional annual performance fell for Advanced Industry GRP Growth Rate with our rank decreasing from 4th place to 10th place.
The Advanced Industry Job Share indicator held steady with only a small improvement from 15.32% in 2023 report to 15.44% in the 2024 report. It can be assumed that the Advanced Industry organizations within Tampa Bay are thriving and increasing their production and economic impact.