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May 24, 2018

Wednesday's Afternoon Update

What you need to know about Florida today

| 4/24/2013

Florida: No. 1 "innovation" state

Florida has been named the No. 1 "Innovation State" by Fast Company magazine. In a story titled, "A Sunny Outcome: Why Florida's Startups are Soaring High," Fast Company cited the state as the nation's second-highest rate of new business production, No. 2 ranking for annual revenue per startup, and a high venture capital ranking. More at the South Florida Sun-Sentinel and Fast Company.

See also:
» Statement from Gov. Rick Scott about Florida being named No. 1 state for innovation

Banks again compete for realty loans

With funds in their coffers again, local banks are competing to lend for commercial real estate. "We've come full circle," said real estate attorney Ross Manella, a partner at the law firm of Hinshaw & Culbertson. "Banks are calling to let me know they have a lot of money available. More at Miami Today.

Emerging markets fuel Tupperware's quarterly sales increase

Business Profile

Jacksonville bookbinder moving into digital age

Cheyenne Knopf is working to take a longtime family business into the digital age. The 32-year-old runs, which is targeted to writers who want to self-publish their book. It’s part of Knopf & Sons Bindery, a company that’s been making books for almost 50 years in Jacksonville’s Springfield.

» Read a Q&A with her at the Florida Times-Union

Tupperware Brands Corp.'s first-quarter profit was essentially flat, though earnings per share and sales increased, the Orlando-based company reported Wednesday. Tupperware's net income was $58.2 million, or $1.06 per share, compared with $58.3 million or $1.02 per share the previous year. More at the Orlando Sentinel.

Sales tax ahead for online buyers?

The Senate is expected to vote this week on the Marketplace Fairness Act, which would give states the authority to collect sales taxes for Internet purchases. If enacted, the measure has the potential to affect online retailing as well as the shopping habits of millions of consumers. More at the McClatchy.

Sequestration cuts in 2014 put NASA timetable in peril

A flight to corral an asteroid and explore it in 2021 as well as a crewed journey to Mars sometime during the 2030s — which some critics say isn't soon enough — are among projects that would be pushed back by continued budget-trimming, William Gerstenmaier, NASA's chief of human exploration, told members of a Senate Commerce, Science and Transportation subcommittee. More at Florida Today.

Florida Trend wins national journalism award

lilly rockwellFlorida Trend journalist Lilly Rockwell won the regional magazine investigative reporting category this week in a contest run by the Society of Professional Journalists. Rockwell's piece, "Crime, no punishment," dissected the massive problem the state has with Medicaid fraud, and how for decades, authorities have not been able to stop it.

» Read more from the Tampa Bay Times and The Society of Professional Journalists

» Read Rockwell's story: Medicaid Fraud: Crime, no punishment

» See more stories by Lilly Rockwell

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An overview of the features and articles in this month's issue of Florida Trend.


Florida Trend Video Pick

Trends in Florida's Commercial Real Estate Market
Trends in Florida's Commercial Real Estate Market

Larry Richey, Florida Managing Principal of Cushman Wakefield, offers an assessment of the state's commercial real estate market and explores industry trends influenced by the rise of ecommerce and basic supply and demand.

Earlier Videos | Viewpoints@FloridaTrend

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