Economic Impact Data Shows SPC Generates $3.5 Billion for Tampa Bay Economy

In recognition of Career and Technical Education (CTE) Month in February, St. Petersburg College highlights the significant impact of CTE on the region’s economy. SPC contributed $3.5 billion in total economic impact in the Tampa Bay area during fiscal year 2023–24, supporting 37,083 jobs, or roughly one in every 60 jobs in the region, according to a recent independent economic impact study.

“SPC’s economic impact goes far beyond our campuses,” said SPC President Dr. Tonjua Williams. “Every student we educate, every credential earned and every industry partnership with SPC strengthens Tampa Bay’s workforce and helps our communities thrive.”

The data from Lightcast, a global pioneer in the collection and big-data analysis of information in the labor market, showcases the long-term productivity of SPC alumni employed throughout Pinellas, Hillsborough, Pasco and Hernando counties.

Fueling Workforce Pipelines and Talent Growth

SPC’s economic influence is driven largely by its role as a workforce engine for Tampa Bay’s key industries, including health care, business, technology, public safety, and advanced manufacturing. Through more than 300 degrees, certificates and workforce training pathways, SPC equips students with job-ready skills that translate directly into higher earnings, increased productivity and sustained regional growth.

“Career and Technical Education programs like nursing at St. Petersburg College are preparing students like me to step directly into careers our community urgently needs,” said Kelsey Krebs, president of SPC’s Student Nurses Association. “SPC gives students hands-on training, real-world experience and the support we need to balance school, work and family. When the state invests in colleges like SPC, it’s investing in nurses who are ready to care for patients, strengthen our health care system and make a real impact in Tampa Bay.”

The economic data reflects SPC’s success in

• Strengthening workforce pipelines by aligning programs with employer needs
• Boosting student employability through career-focused curricula and hands-on learning
• Attracting out-of-region students whose spending contributes to the local economy
• Supplying skilled talent that supports business expansion and innovation

Alumni productivity accounts for a significant share of SPC’s economic contribution, as graduates earn higher wages, fill in-demand roles and help meet workforce shortages across the region.

A Key Player in Statewide Economic Growth

SPC’s impact mirrors broader findings across the Florida College System (FCS), which has been identified as a major driver of statewide economic growth. Florida’s 28 state colleges play a critical role in producing a skilled workforce that supports Florida’s continued population growth, business relocation and national competitiveness.

Proposed state investment in the FCS further underscores the importance of CTE at institutions like SPC.

Gov. Ron DeSantis’ recommended 2026–27 Floridians First Budget includes:

• $1.9 billion for the Florida College System
• $800 million for workforce education programs

The proposed funding builds on more than $12 billion invested in higher education and workforce development since 2019 and would support nursing education, career and technical programs and apprenticeship opportunities across the state.

“These investments recognize that state colleges are essential to Florida’s economic success,” said Dr. Williams. “They allow us to expand high-demand programs, respond quickly to workforce needs and ensure Floridians have access to affordable, high-quality education that leads to good jobs.”

Sustaining Economic Momentum in Tampa Bay

As Tampa Bay continues to grow, SPC remains a cornerstone of the region’s economic infrastructure. By providing accessible education, advancing workforce readiness and partnering closely with employers, SPC helps ensure the region has the skilled talent needed to compete, innovate and prosper.

The economic impact data affirms SPC’s mission in action: transforming lives through learning while generating measurable economic value for students, businesses and communities throughout Tampa Bay.