Tampa was transformed from a poor, isolated fishing village when Henry B. Plant’s railroad reached the city in 1883. The railroad enticed Vincente Martinez Ybor to move his cigar factor from Key West to Tampa. This tandem of Ybor’s proximity to Cuba for tobacco via sea and Plant’s railroad to take the product to the US made Tampa the “Cigar Capital of the World.”
The interstate highway system and establishment of MacDill Air Force base continued to diversify and accelerate the Tampa Bay regional economy. Yet, 1 in 5 Tampa children live in poverty and the aftereffects of segregation means all residents don’t have the same access to opportunity to a good life.
Commonwealth Tampa is building impact investing deals to bring more economic opportunity to all Tampa Bay citizens.
Commonwealth is a city-based platform designed to accelerate the supply of high impact investing opportunities.
Through two techniques — a venture competition and an online marketplace — Commonwealth will create first-ever visibility into the quality deals that already exist and use its consulting services to make these businesses more market-ready.