‘They need us more than ever:’ Olga Bof talks about the importance of supporting local businesses

Olga Bof was concerned about the changing local business landscape long before she ever heard of Covid-19. The founder of Keep Saint Petersburg Local, a nonprofit business advocacy organization, has watched warily as outside developers have come in and local businesses have been forced out. Each closing gets a little more painful, representing what she views as the slow erosion of what makes St. Pete special.

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Raymond James economist sees lingering unemployment but hot home sales locally

Six months into the Covid-19 pandemic, there are two factors in the Tampa-St. Petersburg-Clearwater metro area economy that worry a top local economist.

Public services could be in jeopardy because tax revenue is down at state and local governments. That comes at a time when unemployment already is high, said Scott Brown, chief economist at Raymond James Financial (NYSE: RJF), headquartered in St. Petersburg and one of the largest financial services companies in the area.

“We have bounced off the bottom, but it’s likely that the pace of improvement will be continuing but slower than we’ve seen in the past several weeks,” Brown said.

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