St. Petersburg is set to allocate $475,000 in public funding to Foot Locker in return for relocating its headquarters to the Sunshine City. This strategic move aims to enhance the city’s business landscape while boosting local employment.
City Council Vote Set for September 26
The St. Pete City Council will cast its vote on the incentive package on Sept. 26. The funding comes with several conditions, including the creation of 150 net new jobs. Interestingly, this is half the number of jobs Foot Locker was originally expected to provide when it considered moving to the city a few years ago.