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Home > News > Highlights of Economic and Business Growth in Tampa Bay Region

January 9th, 2007

Highlights of Economic and Business Growth in Tampa Bay Region

Abstract:
A little over a month after making its expansion plans public, SRI International Inc., one of the world's leading independent research and technology development organizations, officially opened its St. Petersburg research and development facility on January 2, 2007. SRI-St. Petersburg started operations in space leased from the University of South Florida's College of Marine Science. Up to 40 staff members from USF's Center for Ocean Technology are expected to shift over to SRI's payroll in coming months. SRI, which received about $30 million in state and county incentives, will be working to commercialize research initiated at USF relating to ocean science, the maritime industry and port security. Over time, they expect to broaden local research collaborations into additional areas, such as biosciences, nanotechnology, energy, the environment, and education. SRI-St. Petersburg plans to grow to 100 jobs over the next five years, bringing as much as $172 million to the local economy and anticipates reaching a total of 200 jobs in the next 10 years. By early 2009, SRI expects to expand into a new $10 million, 35,000-square-foot research facility on the waterfront in downtown St. Petersburg adjacent to the USF St. Petersburg campus. (Contact: Ellie Javadi, SRI International, 650-859-4874,

Source:
prnewswire.com

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