ST. PETERSBURG, Fla (WFLA) — Amid construction and limited foot traffic, many businesses are shuttering while new ones prepare to open. It’s a pattern some are observing in St. Petersburg.
“Yeah, well, Cycle closed. It was one of the pioneering breweries in St. Pete, and a couple of months ago, it switched ownership,” shared local resident Barry Ezell, who makes an effort to patronize local businesses weekly.
The group ‘Keep St. Petersburg Local’ issued a statement to 8 On Your Side: “While change is unavoidable, the recent developments and shifting demographics in St. Petersburg since the pandemic have regrettably resulted in more local business closures. More closures are anticipated this year. To prevent your favorite local business from experiencing the same outcome, it needs your support now more than ever.”
Sara Stonecipher, who owns Misred Outfitters in downtown, has operated her store for 15 years. She mentioned that she has never seen small business owners working so hard with such low morale.
“We’re showing up every day, investing every cent we have, and sacrificing everything. No one is profiting. Everyone has a second job, and we’re witnessing our friends’ businesses closing down,” Stonecipher commented.
The President and CEO of the St. Petersburg Chamber of Commerce, Chris Steinocher, noted that the businesses closing down had leases, resources, and an economic environment from over five years ago.
“We don’t feel like we’re going in a spiral downward. We just feel like we’re like having to retool for a new economy,” said Steinocher. “Hey, Saint Pete is still thriving, but our hospitality is trying to recalibrate itself for an economy that’s coming back.”
Steinocher said it’s not tourism season, and some people are still recovering from the hurricanes.
Stonecipher said she’s never the businesses in the area feel so isolated, but she has to hold on to hope.
“St Pete also has one of the highest commercial rents in the state of Florida. And so, you know, the rising prices have affected everyone from their homes to small businesses,” said Stonecipher. “Just support all of your friends and neighbors that are just really trying so so hard to keep St. Pete special.”
She said there has to be a balance of support from locals and tourists. The Chamber of Commerce said they have programs like the entrepreneur academy and opportunities for businesses to partner with the city, and try to help businesses where they can.
