St. Petersburg innovation incubator wins $7.5 million federal grant

ST. PETERSBURG — The Trump administration on Monday awarded Pinellas County $7.5 million to help build the planned $12 million Tampa Bay Innovation Center Incubator just south of downtown.

“This is a big win for St. Pete and Pinellas County and the culmination of much hard work” on a project years in the making, St. Petersburg Mayor Rick Kriseman said in a response to the news.

Pinellas County commissioners have agreed to put up the remaining $4.5 million for the project, a 45,000-square-foot facility to be built on 2.5 acres currently owned by the city. The site is at the southwest corner of Fourth Street and 11th Avenue S in the Brookside Park neighborhood.

As important, it is in the city’s Innovation District, which extends from Fifth Avenue S to 18th Avenue S and includes tech, health and science institutions like the University of South Florida St. Petersburg, Bayfront Health St. Petersburg, Johns Hopkins All Children’s Hospital, SRI International, and the USF College of Marine Science.

For the full article go to Tampa Bay Times https://www.tampabay.com/business/st-petersburg-innovation-incubator-wins-75-million-federal-grant-20190729/

Additional coverage:

St. Pete Catalyst https://stpetecatalyst.com/pinellas-officials-hope-local-businesses-will-lend-a-hand-for-new-st-pete-incubator/

Tampa Bay Business Journal https://www.bizjournals.com/tampabay/news/2019/07/29/tampa-bay-innovation-center-near-downtown-st-pete.html?ana=e_ae_set1&j=89697301&mkt_tok=eyJpIjoiWm1JMlptRTROakF4TVRRNSIsInQiOiJXS3U0S1pRZTlodVhlbHhjdXZtYWkyK0NiQjZkc1ZoYjc4bjd1YkZjRVBHbFdrK01cL1ZYRW92WVRQWkVReTMyckdvazZJNjVoelh1d2kzS2Jna0I2b2FYb2ZEcTNHalhESSt6M2wydStPb2JXVHdRbWJKOFZ3TXdEZUhjbWFCVFRsMEg2bkRHRDcwRmFFTDRKY3R5cjJ3PT0ifQ%3D%3D