City water customers with in-ground sprinkler systems can now take advantage of a free program that supports conservancy. Eligible residents can receive a free sprinkler evaluation with site-specific recommendations, installation of rain sensors and an automatic shut-off nozzle. For more information, visit the website here.
St. Petersburg-based BayFirst Financial Corp. (NASDAQ: BAFN), parent company of BayFirst National Bank, reported a net income of $1.3 million, or $0.27 per diluted share, for the fourth quarter of 2022. The report comes after BayFirst discontinued its mortgage lending division during the prior quarter. "Our ability to achieve our profitability goals will be dependent upon our success in continuing to generate conventional and government guaranteed loans in the current rate environment, as well as our efforts to control non-interest expense and generate deposits at reasonable rates. While we believe our loan loss reserve is well positioned for current economic conditions, deterioration during 2023 could adversely affect our financial performance and condition," CEO Anthony Leo said in a news release, explaining BayFirst expects to return to more normalized levels of profitability this year.
Black Dog Venture Partners and St. Petersburg College have partnered to host the St. Petersburg VC Fast Pitch event Thursday, Feb. 2. The event takes place from 9 a.m. until 5 p.m. at SPC’s Gibbs Campus, located at 6605 5th Ave. N. In addition to local entrepreneurs, students will also have a chance to deliver pitches to investors. For more information, visit the website here.
The new middle school and YMCA under construction near 62nd Avenue NE and Perishing Street NE now has a name - Mangrove Bay Middle School and the Speer YMCA. The Pinellas County School Board unanimously approved the new name during Tuesday’s school board meeting after receiving roughly 150 suggestions submitted by the public, according to an announcement. The new middle school at the 19-acre site will be a health and wellness leadership magnet school for 600 students.
The University of South Florida’s online graduate MBA program is the 19th-best in the nation according to the latest U.S. News & World Report rankings. The MBA program ranked 31st last year and has jumped 63 spots since 2018. The publication also listed USF’s online graduate engineering program at No. 47, while its education program ranked at No. 30.
Human resources teams and hiring managers from several Pinellas County Government departments are hosting a career fair Friday, Jan. 27. The event takes place from noon until 4 p.m. in the Magnolia Room at the Florida Botanical Gardens, located at 12520 Ulmerton Road. For detailed information, visit the website here.
Tampa General Hospital and the Tampa Bay Economic Development Council are partnering to expand and enhance Tampa’s Medical and Research District, which houses clinical care, academics, research, and biotechnology anchored by TGH and the University of South Florida's medical school. Per the execution of a Memorandum of Understanding (MOU), the Tampa Bay EDC will support TGH with a land use survey, talent attraction, research and life science business recruitment, workforce housing project identification and marketing services over the next five years. The Tampa Bay EDC will also hire a new director of healthcare and life sciences to serve as project manager in the partnership with TGH, according to the joint Wednesday announcement.
Tampa-based Embarc Collective was named a global Top Challenger by UBI Global in its Innovation For Business Incubators and Accelerators World Rankings for 2021-2022. Embarc Collective serves 125 tech and tech startups across the state. "Achievement of Top Challenger status signifies that Embarc Collective has demonstrated outstanding impact and performance relative to other business incubators and accelerators. As a Top Challenger, Embarc Collective outperforms its global peers by demonstrating exceptional value for client startups, value for the local innovation ecosystem, and overall attractiveness as an organization," CEO Lakshmi Shenoy said.
The City of St. Petersburg is ranked among the top best cities for the best work-life balance and mental health, according to a new study from Coworking Cafe. St. Pete earned the highest-ranking of the six Floridian entries on the top 100 list, claiming the 18th spot. Coworking Cafe evaluated 100 cities with at least 200,000 residents for the study and scored the cities based on residents' income, its affordability, remote working prevalence, commute times, green space and more.
Officials with St. Petersburg-based Duke Florida announced Monday that they filed to recoup about $795 million in unexpected fuel costs and $442.1` million in storm restoration expenses. According to the release, the changes will take effect in April if the Florida Public Service Commission grants approval. A typical customer could see a 20% price increase, while commercial and industrial bills could soar from 19% to 37%.
A new Cross Bay Ferry promotion allows customers to receive up to three free tickets with the purchase of three full-price tickets on Wednesdays and Thursdays through February, excluding dates of Tampa Bay Lightning home games. In addition to the buy-one-get-one offer, kids 12 and under can also ride free with an adult on those days. For more information, visit the website here.
University of South Florida President Rhea Law announced Monday that she appointed Prasant Mohapatra as the new provost and executive vice president of academic affairs. A university release noted that Mohapatra previously served as vice chancellor for research at the University of California, Davis. In a statement, Law said, "his extensive teaching, research and leadership experience will help build on our momentum and take USF to new heights of academic excellence.”
