Development & Economic Opportunity

Fiscal Year 2022 Operating and Capital Budget

Department Finance Information

Department Name: Development & Economic Opportunity Department



The department’s vision is to reinforce Tampa’s position as one of the premier cities in the United States for both business investment and personal opportunity by creating and sustaining a healthy economic development environment. The department’s mission is to take actions that generate sustained and widespread private market investment which improves the lives of the residents in Tampa’s redeveloping communities.


The department is responsible for coordinating and directing citywide economic development initiatives and marketing development and investment opportunities to the private sector using professional staff and consulting resources. The department is dedicated to maximizing the quality, pace, and beneficial economic impact of Tampa’s strategic economic development initiatives. To complete its mission, the department focuses on the following areas:

  • Supporting City-wide Economic Development initiatives for attraction, retention, and investment into the city’s ecosystem of small and large businesses;
  • Supporting the revitalization our Community Redevelopment Areas by shaping the City’s regulatory environment to create a business-friendly atmosphere and developing/participating in various incentive programs to help stimulate private investment;
  • Reshaping the City’s urban neighborhoods through attracting investment via Opportunity Zones;
  • Fostering growth in international trade and direct foreign investment;
  • Attracting and retaining quality jobs for our community and supporting the growth of Tampa’s industries; and
  • Maintaining productive relationships with various entities such as the Tampa Bay Economic Development Corporation, Hillsborough County, State of Florida, Visit Tampa Bay, Port Tampa Bay, Tampa Bay WaVe, Tampa International Airport, local colleges and universities, and cultural and recreational organizations.

Operating Budget Analysis

Revenues earned by this General Fund department do not fully fund the department's operations. General revenues provide the remaining funding.

Personnel Expenses increase from Revised FY2021 is due to increases in salaries, pension contributions, and healthcare costs. Grants represent the contribution to the Hillsborough Economic Development Corporation. FY2022 reflects the budget for the Development & Economic Opportunity Department after the establishment of a separate Community Redevelopment Department.

Total Budget

Budgeted Position Counts