St. Petersburg Florida Machinery and Equipment Appraisals
Collateral Evaluation Associates, Inc. (CEA) has provided machinery and equipment appraisals in the St. Petersburg, Florida area since 1990. Our expertise as machinery and equipment appraisers includes medical equipment, construction equipment, manufacturing equipment, industrial equipment, and transportation equipment.
CEA provides machinery and equipment appraisals for the following purposes: asset based loans or refinancing; ad valorem tax purposes; allocation of purchase price; condemnation or eminent domain; FAS141/FAS142 reporting; insurance purposes; leasing; corporate conversions, dissolutions, mergers, purchases, sales, etc.
St. Petersburg’s economy has traditionally been fueled by tourism. More than 4 million visitors flock to the greater Suncoast area annually, generating more than $2 billion in direct revenue. But the city’s economy is actually more broad-based. Major growth industries in the metropolitan area include financial services, manufacturing, medical technologies, information technology, and marine sciences.
St. Petersburg’s economy is rooted in financial services. Not only does the city and extending area serve as base for many financial companies, these companies in turn stimulate growth in other industries by providing the financial resources for development and expansion. Manufacturing companies are attracted to the region’s transportation infrastructure. Pinellas County ranks second in the state for the number of manufacturing employees, and ranks first for the manufacture of such items as computer and office equipment and electronics components. The area’s research hospitals make it a logical site for medical technology firms, with more than half of all such companies in Florida’s High Tech Corridor based in Pinellas County. Similarly, information technology companies’ cluster in the region, and downtown St. Petersburg is home to numerous small- and medium-sized software and Web development enterprises.
The city’s proximity to Tampa Bay and the Gulf of Mexico make it a prime spot for marine science; in fact, it is the largest marine science community in the Southeast. This segment in the economy is augmented by local research facilities, including the Florida Institute for Oceanographic Research and the University of South Florida’s College of Marine Science.
Items and goods produced: computer and office equipment, electronics components, industrial and commercial machinery, plastic products, sensors, defense-related products, micro-electronics, lasers, medical devices, printed circuit boards, and pharmaceuticals.