Friday's Afternoon Update
What you need to know about Florida today
Florida unemployment rate falls to 7.1 percent
Florida's May unemployment notched down to 7.1 percent from 7.2 a month ago. The state's job creation machine, however, stalled with the Florida labor force losing 6,200 jobs between April and May. The state is still up 122,500 jobs, or up 1.7 percent, compared to year-ago levels. More from the Tampa Bay Times and the South Florida Sun-Sentinel.
» May unemployment rates down in 25 states
IN CASE YOU MISSED IT
Tung oil was first produced in the United States in Tallahassee 100 years ago, derived from the fruit of seedlings brought from China by a U.S. ambassador. Over the following three decades, tung trees became regional insignia and tung nut oil became an industry, used for wood finishes, inks, paints, skin balm and other products.
Close to completing its ,ission, what’s next for the CRA?
Coming up on the completion of several decades-long redevelopment projects, the Gainesville Community Redevelopment Agency is at a crossroads for its next step. As its projects have become more intertwined and the agency has taken on more holistic district planning efforts. [Source: North Central Florida Business Report]
Small Business Administration increases size standards for 70 industries
Size standards define the maximum size a firm can be and still be considered a small business. The revised standards reflect changes in marketplace conditions and public comments that SBA received to the proposed rules. New size standards will enable more businesses in these sectors to obtain or retain small business status; will give federal agencies a larger pool of small businesses from which to choose for their procurement programs; and will make more small businesses eligible for SBA’s loan programs. [Source: SBA]
» FRIDAY PREVIEW: Coming next week to FloridaTrend.com:
- Legal Elite 10th Anniversary Edition: In this 10th Anniversary edition, we are pleased to report that the legal profession in Florida remains vibrant with new practice areas represented in Legal Elite, increased statewide voting and a 43% increase in the number of firms with Legal Elite attorneys.
- Source Outdoor: Manufacturing can still be done profitably in Miami — at least on a small scale with a focus on custom pieces and fast turnaround.
» You'll find all these stories first on the Daily and Afternoon Pulse e-mails.
In case you missed it: