Wednesday's Afternoon Update
What you need to know about Florida today
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.
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
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 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 Rockwell's story: Medicaid Fraud: Crime, no punishment
» See more stories by Lilly Rockwell
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