The City has initiated several efforts to support the expansion of businesses to the Community Redevelopment Area. These have included physical infrastructure, grant programs, and general business recruitment and assistance programs.
Physical infrastructure efforts included the installation of streetscape, signage, lighting, public art, and the replacement of a large watermain. The City also renovated the former Oldsmar Bank Building and constructed the Oldsmar Public Library in downtown to create activity and an attractive space.
In addition to physical infrastructure, the City has two active grant programs to stimulate and leverage investment:
- A Business Property Improvement Grant provides funding to help facilitate the establishment of new businesses and aide in increasing the occupancy rate for existing structures.
- A Residential Paint-up, Fix-up Program is available to residential properties, making the area more attractive to potential businesses.
The City also actively recruits and provides programs to help retain businesses in coordination with the Upper Tampa Bay Chamber of Commerce and Pinellas County Economic Development Department. The City has a formal relationship with the Upper Tampa Bay Chamber of Commerce to provide general business assistance to both prospective and existing businesses, engage with business community stakeholders, and actively participate in regional efforts to seek solutions to the lack of skilled employment base. To further the recruitment of businesses to Oldsmar, the City actively recruits prospective businesses in coordination with both the Pinellas County Economic Development Department and the Upper Tampa Bay Chamber of Commerce.