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The NEW Blue Economy

Marine Science and Data Analytics are two of the target industries in St. Petersburg (learn more at Grow Smarter).  These areas have always been intertwined but they are converging in deeper and unique ways under the NEW Blue Economy.  The NEW Blue Economy is “a knowledge-based economy, looking to the sea not just for extraction of material goods, but for data and information to address societal challenges and inspire their solutions” according to Dr. Richard Spinrad (EOS.org).  The traditional blue economy developed around tangible resources (e.g., food and fossil fuel production) and critical services (e.g., shipping, coastal tourism). Data was often nothing more than a supporting function.

In the future, the role of data, information, and related disruptive technologies will be critical.  The ability to acquire, transform and interpret data will drive policies, sustainability efforts, new business ventures, and more.  The Innovation District is fortunate to have academics, government and private industry partners already embracing the NEW Blue Economy.  The potential is tremendous!  Stay tuned for future updates on how the District and its partners are making strategic plans to further the NEW Blue Economy

From the SPID June 2022 Newsletter

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What's next for launching rockets into space? Launching rockets from the sea. With limited land availability and significant costs, companies like Seagate Space see a game-changing solution in developing offshore launchpads. There is also a sense of urgency as other countries have included offshore infrastructure as part of their space strategy. Seagate Space and The Spaceport Company are positioned to lead the way for Florida in this new frontier.

June 23, 2025
June 27, 2025

Not so long ago, talent and innovation blossomed in an area just south of Downtown St. Petersburg. City officials and community partners wanted to leverage the capabilities of key institutions—USF St. Petersburg, Johns Hopkins All Children’s Hospital, and the Poynter Institute, to name a few. The point was to foster collaboration and show our initiatives to the world.

May 19, 2025
May 20, 2025

We will host another Trolley Tour and Happy Hour on Friday, June 13th. You will board a trolley with other Innovation District partners and learn about the history and future plans for the area. This tour will feature stops at Albert Whitted Airport, Florida Institute of Oceanography, and The Dalí Museum. The tour will conclude back at the Hub with a networking happy hour.