Today, Governor Ron DeSantis announced that the Department of Economic Opportunity (DEO) is awarding $2 million in Florida Job Growth Grant Funds to the City of St. Pete Beach.
This funding, along with a $2 million match from the City, will be used to finalize the overhaul of the City’s wastewater system to restore capacity for hotel and lodging expansion.
The project is expected to create 1,316 new, permanent jobs and generate nearly $13 million annually for the local economy. Governor DeSantis made this announcement at Crabby Bill’s, a local staple and one of many businesses that will benefit from increased tourism to the area.
“I am pleased to announce $2 million to finalize wastewater system upgrades that will support economic growth in St. Pete Beach,” said Governor Ron DeSantis. “This infrastructure will serve a vital role in protecting the incredible environment here while allowing the area to expand accommodations and welcome more visitors, which will bolster all parts of the local economy. By investing in projects like this one, we continue to make Florida the top destination in the country for job growth and economic activity.”
Today’s announcement is part of a week-long series of events in which the Governor will highlight projects that are keeping Florida’s economy strong. While national economic growth is slowing, Florida continues to thrive thanks to common-sense policies that support local economies and strategic investments to attract businesses from across the country. Below are statistics about Florida’s economic growth:
- In total, Florida has gained 990,400 jobs since the peak of the pandemic in April 2020.
- For 13 consecutive months, the state of Florida’s unemployment rate has remained below the national rate.
- Florida’s labor force also continues to substantially grow. Over the last 5 months, Florida’s labor force has grown by 373,000, showing the success of the state’s ‘Return to Work’ initiative as more Floridians are returning to work.
- Data indicates that there continue to be many job opportunities available for Floridians throughout the state, with more than 520,000 jobs posted online.
- Since July 2020, 27 major companies have moved their operations to Florida or expanded in Florida, creating 10,400 new jobs and investing $1.4 billion in the state.
- Florida is outperforming the national average in all areas related to tourism, including hotel demand, traveler spending, and air travel capacity. Florida’s hotel room revenue in Florida increased 11% in August 2021 compared to 2019. The rest of the nation declined 5% over that same period.
The Florida Job Growth Grant Fund is an economic development program designed to promote public infrastructure and workforce training across the state. Proposals are reviewed by the Department of Economic Opportunity (DEO) and Enterprise Florida, Inc., (EFI) and chosen by the Governor to meet the demands for workforce training or infrastructure needs in communities around the state.
In 2020-21, $74 million in awards are available for projects that focus on rapidly developing a highly-skilled workforce and on infrastructure initiatives that attract businesses, create jobs, and promote economic growth. DEO and EFI are currently accepting proposals.
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