Tampa Hillsborough Economic Development Corporation
Public records raise at least one point you should look into before giving.
What it says it does
TO DEVELOP AND SUSTAIN A THRIVING LOCAL ECONOMY BY FOCUSING ON THE ATTRACTION, EXPANSION AND RETENTION OF HIGH WAGE JOBS AND CAPITAL INVESTMENT.
- Income
- $4.2 million
- Spending
- $4.2 million
- Employees
- 15
- Volunteers
- 87
- Highest pay
- $551,381, president & ceo
Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- THE TAMPA BAY ECONOMIC DEVELOPMENT COUNCIL (TBEDC)'S BUSINESS DEVELOPMENT TEAM CLOSED 29 PROJECTS THAT ADDED A TOTAL OF 2,280 NEW JOBS AND $ 275,335,000 IN CAPITAL INVESTMENT TO HILLSBOROUGH COUNTY. SIXTEEN EXISTING BUSINESSES EXPANDED THEIR OPERATIONS, ADDING 501 NEW JOBS AND INVESTING $178,985,000 LOCALLY. THIRTEEN NEW COMPANIES WERE RECRUITED TO TAMPA AND HILLSBOROUGH COUNTY IN FY2025, ACCOUNTING FOR 1,779 NEW JOBS AND $96,350,000 IN CAPITAL INVESTMENT TO OUR MARKET. THIS INCLUDES THREE FOREIGN DIRECT INVESTMENT PROJECTS: MEDABILITY, XTEND REALITY INC, AND AQUAFENCE. THE BUSINESS DEVELOPMENT TEAM PROVIDED COMMUNITY INFORMATION AND COMPETITIVE DATA FOR 144 RELOCATION OR EXPANSION PROJECTS THIS YEAR AND HOSTED 25 SITE VISITS WITH PROSPECT COMPANIES LOOKING TO RELOCATE OR EXPAND TO HILLSBOROUGH COUNTY. LOCALLY, THE BUSINESS DEVELOPMENT TEAM CONNECTED WITH 120 EXISTING HILLSBOROUGH COUNTY BUSINESSES THROUGH THE EXPAND TAMPA BAY BUSINESS RETENTION AND EXPANSION PROGRAM. THESE LOCAL COMPANIES REPRESENT CLOSE TO 29,000 EMPLOYEES AND SIXTY-ONE PERCENT SURVEYED REPORTED YEAR-OVER-YEAR INCREASES IN SALES. OUR BUSINESS DEVELOPMENT TEAM CONTINUED TO SELL OUR MARKET AT INDUSTRY TRADESHOWS AND CONFERENCES THIS YEAR, INCLUDING SITE SELECTORS GUILD, AREA DEVELOPMENT, AND INDUSTRIAL ASSET MANAGEMENT COUNCIL, ALONG WITH SECTOR-SPECIFIC EVENTS LIKE BUSINESS OF BIOTECH. THEY ALSO CREATED NEW OPPORTUNITIES TO TAKE OUR MESSAGE DIRECTLY TO SITE SELECTORS BY HOSTING BROKER EVENTS AND TRAVELING WITH A GROUP OF INVESTORS TO NEW YORK CITY FOR A DOMESTIC SALES MISSION. THE INTERNATIONAL TEAM WAS ALSO ON THE ROAD ATTENDING MAJOR GLOBAL FDI EVENTS LIKE SELECT USA WASHINGTON DC AND SELECT USA MEXICO CITY. WITH OUR REGIONAL PARTNERS IN GLOBAL TAMPA BAY, THEY ALSO MET WITH PROSPECTS DURING A FOREIGN DIRECT INVESTMENT MISSION TO LONDON. ALSO WITH OUR REGIONAL PARTNERS, WE ASSISTED TAMPA BAY COMPANIES GAIN ACCESS TO NEW CUSTOMERS IN MEXICO CITY DURING AN EXPORT SALES MISSION.
- IN FY2025, THE TBEDC FINANCIAL POSITION REMAINS STRONG. PRIVATE SECTOR FUNDING WAS AT $2,844,288. THE ORGANIZATION ALSO CONTINUED TO RECEIVE GENEROUS SUPPORT FROM ITS PUBLIC SECTOR PARTNERS HILLSBOROUGH COUNTY, THE CITY OF TAMPA, THE CITY OF PLANT CITY, AND THE CITY OF TEMPLE TERRACE. NINETY-FOUR PERCENT OF OUR INVESTORS RENEWED THEIR COMMITMENT TO THE EDC THIS YEAR, AND WE WELCOMED AN ADDITIONAL 16 NEW AND UPGRADED MEMBERS TO THE EDC INVESTOR FAMILY. BRISTOL MYERS SQUIBB AND THE STRAZ CENTER JOINED THE TAMPA BAY EDC AT THE CHAIRMAN'S COUNCIL LEVEL, WHICH POSITIONS THEM FOR LEADERSHIP ROLES IN OUR ORGANIZATION. WE ALSO WELCOMED FIVE NEW PRESIDENT'S COUNCIL INVESTORS AND THREE NEW GAZELLES.CASH RESERVES AND NET ASSETS HAVE INCREASED.
- THE TBEDC'S MARKETING TEAM WORKED HARD THIS YEAR ON CONTENT UPDATES FOR THE EDC WEBSITE, AS WELL AS LAUNCHING A REFRESHED MAKE IT TAMPA BAY WEBSITE. BOTH SITES SHOWCASE TAMPA'S POSITIVE BUSINESS ENVIRONMENT AND SUPPORTIVE ECOSYSTEMS THROUGH THE LENS OF EDC INVESTOR TESTIMONIALS AND TAMPA MARKET SUCCESS STORIES. THE MARKETING TEAM LAUNCHED A NEW ROUND OF LINKEDIN AD CAMPAIGNS THAT GENERATED MORE THAN 1,300,000 IMPRESSIONS, MORE THAN 21,000 CLICKS AND FOUR NEW PROJECT LEADS. ON THE PRINT SIDE, FULL-PAGE ADS RAN IN SEVERAL LOCAL AND NATIONAL PUBLICATIONS, INCLUDING FLORIDA TREND, TAMPA BAY BUSINESS JOURNAL, TAMPA BAY BUSINESS AND WEALTH, AND SITE SELECTION MAGAZINE.TAMPA'S RISE IN NATIONAL RANKINGS AS THE BEST CITY IN THE U.S. FOR FOREIGN BUSINESS IS FUELED BY THE MARKETING TEAM'S CONTENT DEVELOPMENT STRATEGY ON SOCIAL MEDIA AND CONSISTENT ENGAGEMENT WITH LOCAL AND NATIONAL MEDIA OVER THE YEARS. IN FY2025, THESE EFFORTS TRANSLATED INTO NEARLY 200 MEDIA HITS WITH POSITIVE COVERAGE RUNNING IN THE FINANCIAL TIMES, COSTAR, CHIEF EXECUTIVE, LEADING TRADE PUBLICATIONS AND OUR LOCAL MEDIA OUTLETS.WE NOW REACH MORE THAN 34,000 PEOPLE ACROSS OUR SOCIAL MEDIA PLATFORMS WHERE WE REGULARLY HIGHLIGHT TAMPA'S GROWING BUSINESS COMMUNITY, EXCITING CAREER OPPORTUNITIES AND UNBEATABLE QUALITY OF LIFE. IN FY2025, OUR POSTS GENERATED MORE THAN 2.3 MILLION IMPRESSIONS AND DROVE 75,000 VISITS TO OUR WEBSITE.
- EAST TAMPA AND THE TAMPA MEDICAL & RESEARCH DISTRICT WERE THE TWO AREAS OF FOCUS FOR COMMUNITY DEVELOPMENT'S PLACEMAKING ACTIVITIES IN FY 2025.IN EAST TAMPA, CONSIDERABLE PROGRESS HAS BEEN MADE TOWARDS THE IMPLEMENTATION OF THE EAST TAMPA INDUSTRIAL DISTRICT PLAN. OPPORTUNITY TAMPA BAY, INC. (OTBI) WAS FORMED BY THE EDC TO WORK WITH LOCAL ECONOMIC DEVELOPMENT PARTNERS AND IS THE ENTITY DEVELOPING THE LIVE-LEARN DEVELOPMENT TO CONSIST OF 118 UNITS OF AFFORDABLE HOUSING AND A 65,000 SQUARE FOOT TRAINING FACILITY. IN 2025, THE TAMPA CRA BOARD OF COMMISSIONERS APPROVED A $9.7 MILLION GRANT TO THE INTEGRAL FLORIDA GROUP IN SUPPORT OF THE AFFORDABLE HOUSING COMPONENT, AND TO PROVIDE SITE WORK IMPROVEMENTS FOR BOTH THE HOUSING AND TRAINING FACILITY. THE CITY OF TAMPA'S SUPPORT FOR THE PROJECT HAS EXCEEDED $12 MILLION.ANCHORED BY TAMPA GENERAL HOSPITAL (TGH) AND USF HEALTH, THE TAMPA MEDICAL AND RESEARCH DISTRICT (TMRD) CONTINUES TO COLLABORATE WITH THE TBEDC TO ADVANCE ITS DEVELOPMENT AND GROWTH. THIS YEAR, THE TMRD VISION PLAN WAS FINALIZED, ESTABLISHING A FIVE-YEAR FRAMEWORK TO EXPAND HEALTHCARE-RELATED BUSINESSES AND RESEARCH WITHIN THE DISTRICT. AS PART OF THIS EFFORT, TGH ORGANIZED TMRD AS A SUBSIDIARY OF THE FLORIDA HEALTH SCIENCES CENTER AND LOCATED ITS HEADQUARTERS IN YBOR CITY, TRANSFORMING THE HISTORIC MASONITE BUILDING INTO AN INNOVATION HUB FOR HEALTHCARE RESEARCH AND TECHNOLOGY.THE COMMUNITY DEVELOPMENT CAPITAL ACCESS PROGRAM HAS INTRODUCED A TECHNOLOGY-DRIVEN SEARCH ENGINE THAT REPORTS FINANCIAL TOOLS AVAILABLE ON THE EDC WEBSITE, HELPING TO ATTRACT BUSINESS INVESTMENT INUNDERSERVED AREAS. IN 2025, TWO FEDERAL TAX CREDIT PROGRAMS, QUALIFIED OPPORTUNITY ZONES AND NEW MARKETS TAX CREDITS BECAME PERMANENT TO STIMULATE ECONOMIC DEVELOPMENT IN LOW-INCOME COMMUNITIES. COMMUNITY DEVELOPMENT IS COLLABORATING WITH EDC INVESTORS, AS WELL AS CITY AND COUNTY OFFICIALS, TO IDENTIFY CATALYTIC PROJECTS WHERE THESE PROGRAMS CAN HELP CLOSE FINANCIAL GAPS.
Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(6) business league as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending September 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 2010.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.