2022 E-Insights Report

Key Insights on Innovation

The Tampa Bay region’s performance is relatively low compared to the comparison MSAs in terms of innovation. The innovation activity in the Tampa Bay region has been declining. The Tampa Bay MSA has been on the downward trend along the indicators such as patents per capita, University R&D expenditures, Small Business Innovation Research (SBIR)/Small Business Technology Transfer (STTR) awards per capita. The declining innovation activity is also reflected in the declining competitive position of the Tampa Bay MSA along the indicators of university R&D expenditures and SBIR/STTR awards per capita.