Star investor headlines groundbreaking for new innovation center

ARK Investment Management's Cathie Wood and local officials kick off the ARK Innovation Center project in St. Pete.

By Brian Hartz
| 4:38 p.m. February 15, 2022
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Cathie Wood, fourth from left, and her ARK Investment Management team break ground for the new ARK Innovation Center in St. Petersburg on Tuesday, Feb. 15. (Photo by Brian Hartz)

Tampa Bay-Lakeland

Pinellas County and St. Petersburg leaders, along with Cathie Wood, the founder and CEO of ARK Investment Management, broke ground on the 45,000-square-foot, $15.8 million ARK Innovation Center on Tuesday.

Wood’s firm, the latest to make the move from Manhattan to St. Pete, contributed $2 million to the project, which is scheduled to open its doors in July 2023. By 2026, officials say, the ARK Innovation Center — located at the intersection of 4th Street South and 11th Avenue South in St. Pete — will have created some $28 million in economic impact and 1,265 jobs.