Raymond James Financial Inc. is providing $5 million in relief funds for its employees in Tampa Bay and other areas impacted by Hurricane Helene. This generous contribution will help the thousands of associates affected by the recent natural disaster.
Local Employers and Philanthropists Step Up for Relief Efforts
Several other prominent local employers and philanthropists have also pledged funds for relief efforts. Tampa Bay Lightning owner Jeff Vinik announced that the team’s foundation will contribute $2 million. Additionally, nonprofit hospital system BayCare has committed up to $10 million in a fund that will match donations at a 2:1 ratio. Ferman Motor Car Co. Inc. has pledged $1 million to support the families of first responders in the Tampa Bay region.
Relief for Raymond James Associates
Raymond James will provide a $1,000 relief stipend to associates affected by the hurricane, according to President and incoming CEO Paul Shoukry. As the fifth-largest public company in Tampa Bay, Raymond James employs approximately 18,000 people across the U.S., making it a significant employer in the region.
Headquarters Remains Undamaged
The corporate headquarters of Raymond James, located in the Carillon area of St. Petersburg, fortunately did not sustain any damage from Hurricane Helene. The storm passed more than 100 miles off the coast of Tampa Bay, but record storm surge and powerful winds still caused extensive flooding and damage throughout the region.
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