Overview
What is Tampa Hillsborough Economic Development Corporation?
Tampa Hillsborough Economic Development Corporation, commonly referred to as Tampa Bay Economic Development Council (TBEDC), is a nonprofit organization based in Tampa, Florida. Their primary mission is to boost the local economy by attracting, expanding, and retaining high-wage jobs and capital investment within Hillsborough County. In the past year, TBEDC successfully closed 22 projects, adding 2,663 new jobs and $105.7 million in capital investment. Seven existing businesses expanded, contributing an additional 1,081 jobs and $89 million locally. Fifteen new companies were recruited, including two foreign investments, adding 1,582 new jobs and $16 million in investment. TBEDC's team provided information and data for 144 relocation or expansion projects and hosted 42 site visits with prospective companies. They also connected with 156 local businesses, representing over 39,000 employees with plans to expand. TBEDC's international team attended industry events and trade shows to promote Hillsborough County as a desirable location for business.
Official website here: www.tampabayedc.com
What do the Facebook reviews say about Tampa Hillsborough Economic Development Corporation?
100% of the 8 reviewers on Facebook recommend the Tampa Hillsborough Economic Development Corporation. Here is a summary of their reviews:
Many users express that the organization serves as a tremendous resource for both new and established businesses in the Tampa Bay Area. Reviewers appreciate the valuable assets and support provided, making it a go-to option for those looking to navigate the business landscape.
Overall, the sentiment is overwhelmingly positive, with individuals recognizing the significant impact the nonprofit has on fostering economic growth and development in the region.
This AI summary has been generated from reviews found on Facebook.
Is Tampa Hillsborough Economic Development Corporation legitimate?
Tampa Hillsborough Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Tampa Hillsborough Economic Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,138,563
Professional Fundraising Fees: $0
Other Salaries and Wages: $639,873
For more financial information, click here
Official website here: www.tampabayedc.com
What is the mission statement of Tampa Hillsborough Economic Development Corporation?
Tampa Hillsborough Economic Development Corporation, often referred to as Tampa Bay Economic Development Council (TBEDC), has a mission to foster a thriving local economy. They achieve this by focusing on attracting, expanding, and retaining high-wage jobs and capital investments. Their activities have resulted in the addition of numerous new jobs and significant capital investment to the region. The organization has successfully recruited several new companies, including two foreign direct investments, contributing to the creation of new jobs and investment opportunities. TBEDC provides valuable community information and competitive data to potential relocators and expanders, hosting site visits and connecting with local businesses to encourage expansion. The organization also attends industry events and trade shows to promote the region and its business opportunities.
Official website here: www.tampabayedc.com
Who is the CEO of Tampa Hillsborough Economic Development Corporation?
Craig Richard is the Chair of Tampa Hillsborough Economic Development Corporation. The CEO's salary of Tampa Hillsborough Economic Development Corporation is $412,500 and their total compensation is $511,433.
Official website here: www.tampabayedc.com
What is the revenue of Tampa Hillsborough Economic Development Corporation?
Tampa Hillsborough Economic Development Corporation's revenue in 2022 was $3,657,607.
Official website here: www.tampabayedc.com
Who are the executives of Tampa Hillsborough Economic Development Corporation and what are their salaries?
The average compensation at Tampa Hillsborough Economic Development Corporation during 2022 was $111,152. There are 16 employees and 85 volunteers at Tampa Hillsborough Economic Development Corporation.
Here are 76 key members and their salaries (Tampa Hillsborough Economic Development Corporation's CEO's salary is $412,500 and their total compensation is $511,433):
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Official website here: www.tampabayedc.com
Where can I find the form 990 for Tampa Hillsborough Economic Development Corporation?
Tampa Hillsborough Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tampabayedc.com
Learn more at the official website: www.tampabayedc.com
Mission Statement of Tampa Hillsborough Economic Development Corporation
Tampa Hillsborough Economic Development Corporation, often referred to as TBEDC, is dedicated to fostering a prosperous local economy. Their mission is centered around attracting, expanding, and retaining high-wage jobs and capital investment within the community. By focusing on these key areas, the organization aims to sustain an economically thriving environment.
In essence, TBEDC serves as a catalyst for economic growth by actively pursuing opportunities that bring new businesses and jobs to the area. They accomplish this by providing valuable resources and information to prospective companies, showcasing the competitive advantages of Hillsborough County. This proactive approach has led to the successful closure of various projects, resulting in the addition of over 2,600 new jobs and $105.7 million in capital investment.
Moreover, TBEDC supports the expansion of existing businesses, encouraging them to invest further in the local economy. These efforts have resulted in the creation of an additional 1,081 jobs and $89 million of local investment. The organization's mission is not limited to attracting external investment but also fosters the growth of local businesses. Through programs like the Expand Tampa Bay BRE, TBEDC connects with existing Hillsborough County companies, representing over 39,000 employees, and encourages expansion plans.
In summary, Tampa Hillsborough Economic Development Corporation is a driving force behind the economic prosperity of the community. Their mission is to develop and sustain a thriving local economy by focusing on high-wage job creation and capital investment, all while supporting the growth of existing businesses.
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Impact
October, 2024
The Tampa Hillsborough Economic Development Corporation plays a significant role in enhancing the local economy of Hillsborough County by focusing on high-wage job creation and capital investment. In the most recent fiscal year, the organization's business development team successfully closed 22 projects that added 2,663 new jobs and generated $105.7 million in capital investment. This included the expansion of seven existing businesses, which created 1,081 new jobs and brought $89 million in investments to the area.
The organization has also been effective in attracting new businesses, with 15 companies recruited to the region, including international firms like UK-based Clarify and Switzerland-based Inpeco. These efforts contributed an additional 1,582 jobs and $16 million in capital investment.
Moreover, the Tampa Hillsborough Economic Development Corporation engaged with 156 local businesses through the Expand Tampa Bay Business Retention and Expansion program, supporting companies that employ over 39,000 people. Notably, more than half of these companies indicated plans for expansion within the next three years, highlighting a positive outlook for local economic growth.
Their proactive approach includes hosting site visits for potential relocating or expanding businesses and attending major industry trade shows and conferences to network and market the area. The international outreach efforts, such as participation in FDI shows and trade missions, further underline the organization's commitment to attracting investment and fostering economic development in Tampa and Hillsborough County.
This information is meant to be a general summary of Tampa Hillsborough Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,412
- Program Service Revenue: $1,111,600
- Gross Receipts: $3,657,607
Assets and Liabilities:
- Total Assets: $2,558,375
- Total Liabilities: $640,172
- Net Assets: $1,918,203
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CITY & COUNTY SERVICES
Revenue
$988,000
EVENT REVENUE
Revenue
$123,600
Organization Details
Founding Year
2009
Phone
(813) 218-3300Principal Officer
Craig Richard
Main Address
101 EAST KENNEDY BLVD 1750, TAMPA, FL, 33602
Website
www.tampabayedc.comNTEE Category
Code: S41 - Community improvement
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