Lloyd Sowers reports
ST. PETERSBURG, Fla. – A $14 million gift to the University of South Florida may bring new companies and jobs in financial technology – aka fintech – to the Bay Area. Leaders at the school say the gift is "transformational."
"I think we’re right on that cutting edge of new technology that will bring high wages for our students for years to come," said St. Petersburg Mayor Ken Welch following the announcement of the $14 million gift.
The money, which was donated by philanthropists Kate Tiedemann and Ellen Cotton, is designated for the establishment of fintech hubs for students at the St. Pete, Tampa, and Sarasota-Manatee campuses, as well as nearby businesses.
Fintech encompasses everything from blockchain to mobile payments to online investing, according to Moez Limayem, the dean of the USF Muma College of Business. He says technology is transforming finance and USF will stay on the cutting edge.
Kate Tiedemann and Ellen Cotton
"We are the talent pipeline, we are the educators, and then we are the ones that coordinate the businesses that are coming to our community, to help get the workforce," said USF president Rhea Law.
There are more than a dozen financial technology business startups in St. Petersburg, and big firms have been relocating to the city for a few years.
Mayor Welch says in his lifetime, St. Pete has transformed from a sleepy little beach and retirement town a major innovation hub.
USF is also establishing a fintech accelerator where 16 new companies will get 90 days of intense guidance to help get their ventures off the ground.
This material may not be published, broadcast, rewritten, or redistributed. ©2022 FOX Television Stations
- राशीफल2023.09.267 मई 2023, आज का राशिफल (Aaj Ka Rashifal): रविवार के दिन आज मेष वाले आज इस चीज से रहें बचकर, जानें सभी राशियों का हाल – Aaj Tak
- लाइफस्टाइल2023.09.26Healthy Snacks For Diabetics: डायबिटीज के मरीज हैं तो नाश्ते में खाएं ये … – दैनिक जागरण (Dainik Jagran)
- धर्म2023.09.26Raksha Bandhan 2023 जानिए कैसे शुरू हुआ रक्षाबंधन का पर्व मिलती हैं कई पौराणिक कथाएं.. – दैनिक जागरण (Dainik Jagran)
- धर्म2023.09.25सनातन धर्म पर सवाल उठाने वालों पर भड़के पंडित धीरेंद्र शास्त्री; बोले-रावण के खानदान के हैं बेचारे – News24 Hindi