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May 25, 2018

Thursday's Afternoon Update

What you need to know about Florida today

| 4/4/2013

Florida job cuts rise in March

Florida employers reported 970 job cuts in March, up from 888 a year ago the same month. Retail led the downsizing with employers reporting job cuts nationwide of more than 49,000, a decline of 11 percent from the more than 55,000 in February, according to global outplacement firm Challenger, Gray & Christmas. More at the South Florida Sun-Sentinel.

Your job might be killing you

Americans work longer hours, take fewer vacations, and retire later than employees in most other industrialized countries, so it figures that many of us are prime candidates for job burnout -- the physical and cognitive exhaustion that comes from too much stress at work over a long period of time. More at Fortune.

Assault weapons maker to call Palm Bay home

Business Profile

Hovie SUP

California-based stand-up paddleboard company has opened a 20,000- square-foot manufacturing operation in Port Manatee.

Within the next year, the company will employ about two dozen, owner Brian Hovnanian said. Hovnanian contends that the company's new manufacturing center is further proof that Florida is becoming the paddleboarding "hub of the world."

» Full story from the Sarasota Herald-Tribune

» Hovie SUP official site

The Economic Development Commission of Florida’s Space Coast announced this morning that I.O. Inc., a North Carolina-based firearms manufacturer, is relocating to Palm Bay purchasing a 51,000-square-foot building that will create at least 53 jobs. More at Florida Today.

Don't wait to consider going global

Nowadays, businesses may not wait to saturate the domestic market and then consider making plans to expand internationally. Many successful small business owners identify the best and most appropriate markets to target initially, and if some of them happen to be outside the United States, they may make the decision to target a global audience from the start. More at Florida Today.

Florida tomato growers not satisfied despite Mexico-U.S. agreement on prices

In March, after months of negotiations, it appeared Tony DiMare and other proponents of the Florida tomato industry won. They contended to the U.S. Department of Commerce that Mexican tomatoes were being dumped on the U.S. market at prices so ridiculously low, American growers couldn't compete. After tense discussions, with talk of the tomato war's ripple effect possibly damaging U.S. exports to Mexico, an agreement was reached. It's not enough, DiMare said. More at the Tampa Bay Times.

Hospitality Trends
Upscale hostel creates new scene in Miami Beach

freehandIf the collection of National Geographic magazines in the lobby and ping pong tables out back don’t give it away, then the $40-a-night bunk beds surely will: Freehand Miami, one of the newest lodgings in town, is in every way a hostel. But this hostel, which opened in December, has a way of turning the stereotype of scruffy backpacker hangout on its head.

» More from the Miami Herald

» The Freehand official site

Tags: Daily Pulse

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Florida Trend Video Pick

2018 Atlantic Hurricane Season Outlook
2018 Atlantic Hurricane Season Outlook

Dr. Gerry Bell, lead seasonal hurricane forecaster at NOAA’s Climate Prediction Center, and the rest of his team NOAA, are predicting an 75 percent chance that the 2018 Atlantic hurricane season will either be near-normal or above normal.

Earlier Videos | Viewpoints@FloridaTrend

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