ArticleType: Chamber News
FOR IMMEDIATE RELEASE
Contact: Morgan Brochetti
J.P. DuBuque to Lead St. Petersburg’s Economic Development Corporation
Newly Formed St. Petersburg Area Economic Development Corporation hires first President
OCTOBER 11, 2016 | St. Petersburg, FL – The St. Petersburg Area Chamber of Commerce® announced today the hiring of J.P. DuBuque as the first President of the newly forming St. Petersburg Area Economic Development Corporation (EDC).
"We set out this year to formalize our efforts in economic development and I'm pleased to announce today our excitement for achieving this very important milestone," said Greg Holden, Chairman of the St. Petersburg Area Chamber of Commerce. He added, "Our Chamber's mission is economic growth and community vitality for St. Petersburg and the EDC will play a major role in ensuring our success."
DuBuque is the current Vice President of Finance/Administration at the Hillsborough EDC and recently served as their Interim President/CEO during that organization's recent reorganization. DuBuque led the group during one of the most impressive periods in its history marked by increased financial stability, a near record number of projects and the recruiting of several corporate headquarter companies to Tampa, including North American Roofing and Bertram Yachts. “It’s an honor and privilege to be selected for this position,” said DuBuque. He adds, “St. Petersburg is building an enviable brand as an inclusive, forward-thinking community that can stack up quite favorably against any other market when it comes to opportunity for success and quality of life. This business community is invigorated and deep with talent. I can’t wait to work with all the partners in this city to show the world what we have become.”
The idea for creating the St. Petersburg EDC came from the "Grow Smarter" strategic plan adopted by the Chamber, City and community partners over 2 years ago. The strategy outlines 6 major themes of focus to ensure the city has a sustainable and inclusive economic strategy moving forward. The plan identifies key business sectors that the EDC will help retain, grow and attract.
"Creating and attracting more and better jobs for our citizens has been and will always be a key effort of my administration", said Mayor Rick Kriseman. The City has worked with the Chamber on the formation of this EDC and will be recognized as a Cornerstone Founding investor in this effort. Mayor Kriseman added, "I'm pleased we'll now have a strong private/public partnership with a 24/7 focus on retaining and expanding those businesses currently growing here while attracting new companies who can create more jobs for our city."
"The St. Petersburg Area Chamber of Commerce is on pace to reach our initial fundraising campaign goal to launch the EDC", says Chris Steinocher, President and CEO of the St. Petersburg Area Chamber. He adds, "I'm so proud of those who've stepped forward as Founders for this effort – it's a great mix of companies and organizations with a shared vision and aspiration for an even greater St. Petersburg."
The St. Petersburg Area Chamber of Commerce will announce and convene the Founding Board members and Founding Investors later this month. The Chamber has tapped Michael Vivio, President & CEO of Valpak to become the first Chairman of this new organization. Vivio currently serves as Vice Chair of Economic Development on the Chamber's Executive Committee.
"When we started on this journey over two years ago, we knew we could do more to capture the momentum of this market." He adds, "There's no doubt in my mind that our city is well positioned to compete for any business wanting the creative, smart talent needed to succeed – and that same talent will push us to ensure our housing, education and transportation solutions reach their expectations- it's the reason why great cities invest in economic development."
About the St. Petersburg Area Chamber of Commerce®
The St. Petersburg Area Chamber of Commerce®, originally founded in 1899, now serves over 1,100 member businesses. Finding ways to create and enhance opportunities to do business in St. Petersburg, the Chamber works to improve the local economic climate and to build a thriving business environment. The Chamber is the voice of local business in St. Petersburg, providing leadership on important business and community issues. Information is available at stpete.com.