TAMPA - In this week's Tampa Bay Business Journal segment, editor Alexis Muellner discusses how President Obama's re-election will affect business strategies, the targeted upgrades for Raymond James Stadium, and Superstorm Sandy's effect on Bay Area tourism.
With President Obama winning re-election on November 6, area businesses will begin planning for what his second term could bring.
"They had not moved forward because they wanted to wait and see what the election would bring," said Phara McLachlan, CEO of Animus Solutions., a Tampa firm that helps companies with risk management and cost savings.
Many organizations had been waiting to make decisions until after the election was over, but now companies will decide how to deal with health care reforms and the regulations the Obama administration favors.
The Tampa Bay Buccaneers are planning major upgrades for 14-year-old Raymond James Stadium.
Proposed renovations include a two-story, 13,000-square-foot Pro Shop.
The team wants to consolidate food, merchandise and online retail operations with one firm. The Buccaneers' current contracts with Levy Restaurants and Centerplate end in March.
More than a week after hitting impacting Mid Atlantic and Northeast states, Superstorm Sandy is affecting tourism in the Bay Area.
The Crowne Plaza Tampa Westshore estimates they lost $15,000 to $20,000 due to cancellations from groups and transient businesses.
Local tourism officials, mindful of the damage the storm did, will keep watching the recovery from Sandy while maintaining a strong sales focus.
"New York City is one of our best markets and our main concern right now is for New Yorkers to recover," said David Downing, deputy director of Visit St. Petersburg Clearwater.
For more information on these stories, click on the video player on the left or pick up this week's Tampa Bay Business Journal available on newsstands.