Wednesday's Afternoon Update
What you need to know about Florida today
Biotech deals growing at faster pace in Florida
New data from University of Florida's Sid Martin Biotechnology incubator shows that Florida's life science sector continues to grow at a faster pace than the nation's. Biotech deals grew by 27 percent in 2012, to 19 deals from 15 in the previous year, and venture capital dollars rose to $103.5 million, a 19 percent increase over 2011. More at the South Florida Sun-Sentinel.
Researchers focus on OJ quality, flavor
The Scientific Research Department at the Florida Department of Citrus has rebranded itself to reflect a new mission focusing on monitoring orange juice quality and flavor that might be affected by citrus greening. To help with flavor analysis, the commission approved spending $164,145 over the next two years to purchase a new machine capable of doing "gas chromatography with mass spectrometry analysis." More at the Lakeland Ledger.
Gambling debate ratchets up again
The expansion of casino gambling in Florida will not be on the agenda when the state Legislature convenes next week, but discussion about the industry’s future here is heating up once again. A group of Wall Street analysts on Tuesday at the Florida Gaming Congress agreed it’s not a question of if destination gambling resorts will arrive in Florida, only when it will happen. More at the Miami Herald.
Interest building in Shiloh area on KSC property
Primarily seen as a strategy to lure SpaceX missions, a proposed state-run launch complex inside Kennedy Space Center has drawn strong interest from another growing private space firm, public records show. Blue Origin, backed by Amazon.com founder Jeff Bezos, says Space Florida’s proposed “Shiloh” site would be a good fit for tests of a reusable booster and eventual launches of cargo and crews to orbit. More at Florida Today.
In commercial real estate, a rebound
Commercial real estate across Southwest Florida is showing the first signs of a comeback, with eager business operators opening new storefronts and employers expanding operations to accommodate post-recession growth. But just as setbacks have long burdened housing, most in the industry predict that the commercial recovery will be long, slow and uneven. More at the Sarasota Herald-Tribune.
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