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Pinellas County and St. Petersburg Partner with the Tampa Bay Innovation Center to Create a New Downtown Business Incubator

ST. PETERSBURG, Fla., Nov. 30, 2016 /PRNewswire/ -- Tampa Bay Innovation Center (TBIC), an innovation and entrepreneurship center for technology businesses, will partner with Pinellas County and the City of St. Petersburg to conceive and operate a major new business incubator. 

"We have enjoyed a close and productive relationship with Tampa Bay Innovation Center, and this collaboration with the TBIC team and the City of St. Petersburg is an opportunity to bring a new energy and significant resources to the Pinellas startup community," said Mike Meidel, director of Pinellas County Economic Development. "Entrepreneurs are a crucial part of our economy.  We're ready to begin working with our business community to design this space, recruit tenants and to discuss sponsorship and fund raising." 

"From the time we commissioned a feasibility study about a downtown incubator in October 2013, it has been our goal to pursue this project to allow us to serve the growing needs of the region's thriving entrepreneurial community," said Tonya Elmore, president and CEO of STAR-TEC Enterprises, Inc., (d/b/a Tampa Bay Innovation Center). "As the community's oldest incubator and accelerator, we believe we have demonstrated the track record that allows us to perform successfully.  We are so grateful to our Board of Directors and our many partners who have supported our growth and success throughout the years, and look forward to their continued partnership and support."

The Tampa Bay Innovation Center was selected after responding to Pinellas County's recent request for Letters of Interest from potential operators of the proposed incubator.  A recent Memorandum of Understanding between Pinellas County and TBIC will facilitate the next phase of the project, including tenant recruitment and fund raising.

As outlined in the request for Letter of Interest, the project includes a 40,000-50,000 square-foot mixed-use business incubator facility in the City of St. Petersburg that could potentially support research, innovation and entrepreneurial activity in the technology, life sciences, marine sciences and/or advanced manufacturing sectors. The location is the southwest corner of 11th Ave. South and 4th St. South.

About Pinellas County Economic Development
Pinellas County Economic Development (PCED) works with existing businesses to encourage expansion and seeks to attract new companies with high-wage careers to our community. Through investment tools, business classes, professional consulting services, trade missions to open new markets, and strategic partnerships, PCED fosters a pro-business environment and promotes the ideal business climate of Pinellas County, Florida. Learn more at www.PCED.org.

About Tampa Bay Innovation Center
Tampa Bay Innovation Center supports entrepreneurial success, fosters the creation of high-tech jobs and develops new sources of technology and manufacturing capabilities by nurturing early stage ventures as they grow and launch their products into the marketplace. Through its TEC Garage, the Innovation Center offers programs that are tailored to the innovator/entrepreneur and address business intelligence, planning and business formation, strategy execution and technology transition.

Media Contact:
Suzie Boland
RFB Communications Group
813-259-0345
Mobile 813-786-1019
[email protected]

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/pinellas-county-and-st-petersburg-partner-with-the-tampa-bay-innovation-center-to-create-a-new-downtown-business-incubator-300370483.html

SOURCE Tampa Bay Innovation Center

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