Aerial view of St. Petersburg, Florida where Foot Locker is set to establish its new headquarters.
Want to target the right audience? Sponsor our site and choose your specific industry to connect with a relevant audience.
Prominent brand mentions across targeted, industry-focused articles
High-visibility placements that speak directly to an engaged local audience
Guaranteed coverage that maximizes exposure and reinforces your brand presence
Interested in seeing what sponsored content looks like on our platform?
May’s Roofing & Contracting
Forwal Construction
NSC Clips
Real Internet Sales
Suited
Florida4Golf
Click the button below to sponsor our articles:
Sponsor Our ArticlesFoot Locker has announced it will relocate its global headquarters from Manhattan to St. Petersburg, Florida, by August 2024. This significant move is set to create 150 new jobs, stimulate local economic growth, and make St. Petersburg the third city to host a Fortune 500 company in the area. The decision is a testament to Foot Locker’s 30-year history in the region and aligns with the city’s evolving economic landscape, promising a bright future for its residents.
Exciting news is brewing in sunny St. Petersburg, Florida! Foot Locker has announced its plans to pack up its global headquarters and relocate from the hustle and bustle of Manhattan to the vibrant shores of St. Pete by August 2024. This isn’t just a significant move for the company; it’s a huge win for the local economy, promising to create jobs and stimulate financial growth.
Foot Locker currently calls an office in the Franklin Templeton building on 140 Fountain Parkway home, but come next year, it will transition into a new space in St. Petersburg. The city will officially welcome Foot Locker as its third Fortune 500 company, joining the ranks of other big players like Jabil and Raymond James. This makes for a more robust economic environment in the area, setting the stage for increased opportunities.
This decision isn’t just a random choice; Foot Locker has deep roots in St. Petersburg, with a rich 30-year history in the area. The company’s objective isn’t merely to relocate but to establish a “beacon to attract talent”. What could be better than making St. Pete a central hub for skilled professionals?
As part of the relocation, St. Petersburg has put together an attractive incentive package for Foot Locker, offering up to $475,000 which hinges on the creation of 150 new jobs. These jobs will pay an average salary of at least $120,000. Imagine the wave of talented individuals flocking to St. Petersburg, eager to jump into roles in merchandising, financial planning, accounting, supply chain management, digital e-commerce, and data analytics!
The economic forecast looks bright! With this move, economic officials project Foot Locker will generate an impressive $18 million in new earnings and add approximately $37 million in overall economic output. Plus, the company is prepared to spend $20 million on capital improvements for its new headquarters. Talk about investing in the community!
The excitement surrounding Foot Locker’s new headquarters is a testament to the incredible progress St. Petersburg has made over the years. City officials are recognizing the hard work put in by the St. Petersburg Area Economic Development Corporation, which has been instrumental in attracting major companies to the area. Just last year, the EDC reported creating 185 target industry jobs, and now with Foot Locker’s arrival, it seems like that trend is only going to continue.
Foot Locker’s move adds to a recent trend where multiple corporations are choosing to relocate their headquarters to St. Petersburg, following the steps of other businesses like the retail investing platform, WeBull, which moved from New York to St. Pete in November 2022. Clearly, St. Petersburg is becoming a magnet for growth and innovation!
As Foot Locker works towards establishing its new office, decisions will be made soon. The company plans to choose between two potential office buildings located in the Gateway Area of north St. Petersburg by October 2024. This new headquarters is part of Foot Locker’s strategic growth initiative, known as the “Lace Up Plan”. In short, there’s a lot to look forward to!
The excitement around Foot Locker’s relocation also aligns with ongoing discussions about broader economic impacts in the region, especially related to maintaining or relocating the Tampa Bay Rays. All of this points to a dynamic and bright future for St. Petersburg.
So, get ready, St. Pete! With Foot Locker setting up shop, the community is in for an exciting ride full of new opportunities and growth!
St. Petersburg Ranks 57th in WalletHub’s Job Ranking
St. Petersburg Falls in Job Rankings for 2025
Tampa Bay Lightning Recognizes Community Hero Laurallyn Segur
St. Petersburg City Council Welcomes New Members
Foot Locker Relocates Global Headquarters to St. Petersburg, Florida
News Summary Florida faces significant challenges with nursing graduates struggling to pass the NCLEX exam,…
News Summary As spring break approaches, Miami Beach launches a 'Reality Check' campaign to promote…
News Summary Dublin Drop has opened in downtown St. Petersburg, just in time for St.…
News Summary The city of St. Petersburg is in shock following two tragic murder cases…
News Summary A couple from St. Petersburg has been charged with the murder of 16-year-old…
News Summary The Pinellas Suncoast Transit Authority is revamping St. Petersburg's bus network to improve…