Friday's Afternoon Update
What you need to know about Florida today
Florida back on track with Race to the Top
A year after Florida was put on warning for falling behind on its $700 million Race to the Top grant projects, U.S. Department of Education officials say the state has regained its momentum. A Department of Education report released Friday concludes nearly all projects are on track with Florida's amended timelines. [Source: AP]
IN CASE YOU MISSED IT
Big investment firms are buying Florida single-family foreclosures in bulk, expecting to profit twice: First by renting out the homes and then by reselling them in a few years.
Gay mega cruises pack $7 million economic punch
Greater Fort Lauderdale's reputation as a top destination for gay travelers is paying off. On Saturday one of the world's largest gay cruises to sail this year will depart Port Everglades with roughly 3,700 passengers aboard. [Source: South Florida Sun-Sentinel]
Florida CFO: Reform $50B contracting system
Florida CFO Jeff Atwater has requested the Legislature make reform of the state’s contracting system, which spends $50 billion a year, a priority in the upcoming session. [Source: Gulf Coast Business Review]
» FRIDAY PREVIEW: Coming next week to FloridaTrend.com:
- Small Business: Where Are They Now?: A look at what happened to the Florida companies that made Inc. magazine’s list of fast-growing companies and our own Florida Small Business issue a decade ago.
- Web Chat: Investing in Florida Real Estate: Are single family homes a profitable investment strategy? Read the story here and submit your questions at any time.
- Florida Dining: South American Tour: Once upon a time, dining on Latin American food in Florida meant Cuban and Mexican. Today, the Latin table stretches all the way down the Southern Hemisphere.
» You'll find all these stories first on the Daily and Afternoon Pulse e-mails.
In case you missed it: