Tuesday's Afternoon Update
What you need to know about Florida today
Construction is finally a bright spot for small firms
Is the recovery in home prices finally translating into jobs? Small businesses in the Southeast U.S. have a mixed outlook for the next year, according to the latest semi-annual survey by the Atlanta Fed, but construction and real estate stand out as bright spots. More at Businessweek and the Federal Reserve Bank of Atlanta.
Florida No. 5 when it comes to retiree income
It’s not just the weather that makes Florida a good place to retire. The financials tend to comfortable, too. A new study by Interest.com gives Florida the No. 5 slot when it comes to how senior citizens’ income compares pre- and post-retirement. More at the Miami Herald.
Southwest Florida trails state in sales data
Compensation at the top of Florida's universities
State university presidents’ five-year contracts typically include health and life insurance, state employee retirement plan contributions, travel expenses for spouses outside university service areas and a paid sabbatical if they resign from the presidency and remain at the school.
Southwest Florida's economic growth has dipped below the state average this year after leading many other major Florida markets for much of the post-Great Recession recovery. In a reverse of past results, the Sunshine State posted a 6 percent climb in gross sales -- a rate nearly double the regional gains. More at the Sarasota Herald-Tribune.
Delivery giant DHL expands in South Florida
Delivery giant DHL is expanding operations in South Florida, partly to meet rising demand for trade with Latin America, the chief of its parent company said during a visit Monday. Germany-based DHL recently invested more than $20 million to add facilities at Miami International Airport, a key hub for air freight to and from the fast-growing Latin American region. More at the South Florida Sun-Sentinel.
LongHorn executive VP to become Ruby Tuesday president
Todd Burrowes, an executive vice president of operations for LongHorn Steakhouse, has left to become president of the Ruby Tuesday chain. Burrowes will also be chief operating officer of Tennessee-based Ruby Tuesday Inc. LongHorn Steakhouse is owned by Orlando-based Darden Restaurants. More at the Orlando Sentinel.