Power Design surpasses $1 billion in revenue

Power Design, a national multi-trade contractor and one of the largest private employers in St. Petersburg, has surpassed $1 billion in revenue, for the first time in the company’s history.

“This achievement didn’t happen overnight. It has been accomplished through many years of unwavering discipline, teamwork and innovation. Our team members, and our partners, are why we are celebrating this accomplishment,” said Mitch Permuy, chairman and chief executive officer of Power Design.

Founded in 1989 by Mitch and Dana Permuy, as a family business operating out of their home, Power Design currently has more than 2,700 employees, across 25 states.

The company has a 40-acre headquarters facility, in St. Petersburg, and a 208,000-square-foot prefabrication and distribution facility, in Palmetto.

Some of the notable Power Design awarded projects, or projects that broke ground in 2023, include:

•          Pendry Tampa – Tampa

•          400 Central Ave – St. Petersburg

•          Ritz Carlton Residences – Bonita Springs

•          Miami Beach Convention Center Grand Hyatt Hotel – Miami

•          First Avenue Apartments – St. Petersburg

To celebrate hitting its historic milestone, Power Design teamed up with 15 local Tampa Bay area charities in a casino-style team competition where Power Design team members played casino games to earn the most (Bolt Bucks) money for their team charity. At the end of the competition more than $50,000 was donated to the charities, including to Instruments 4 Life, SPCA Tampa Bay, and American Cancer Society.

Through its Project V5 initiative, Power Design invests more than $1 million, annually, to organizations throughout the country, including more than $200,000 to local Tampa Bay area organizations this past year alone. 

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