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June 25, 2018

Monday's Daily Pulse

Photo: Illustrations by Jeff Papa / Suburban Studios

Monday's Daily Pulse

What you need to know about Florida today

| 7/1/2013

Florida Trend Exclusive
Florida's biggest companies

Our annual list, "The Florida Trend 350," ranks the 150 biggest public companies and the 200 biggest private companies in the state.

See today's profile:
» The long view of business: For James Seneff and his billion-dollar real estate powerhouse, the social sciences offer as much strategic guidance as hard economics.

See the lists:

150 Biggest Public Companies

» Revenue at Florida's 150 largest public companies rose $7.1 billion, up 2.5%, over the past year to $294.3 billion.

» It took revenue of $2.6 million to make the list this year, $1 million less than the previous year.

» While there were 50 fewer public companies listed than private, the public companies combined had $88 billion more revenue.

» The 150 public companies reported 1,258,819 employees.

» About a quarter of the public companies -- 36 -- reported lower revenue, one fewer than last year.

Purchase the complete list of 150 Public Companies

200 Biggest Private Companies

» Revenue at Florida's 200 largest private companies rose $14.1 billion, up 7.5%, over the past year to $206.5 billion.

» It took revenues of $88.5 million to make the list this year, $13.5 million more than the previous year.

» The 200 private companies reported 269,018 employees, almost 1 million fewer than the 150 public companies.

» About a fifth of the private companies -- 41 companies -- reported lower revenue, eight more than the previous year.

» 28 private companies are new to the list this year.

Purchase the complete list of 200 Private Companies

Florida tourism may get boost if immigration bill passes

Little-noticed provisions would make it quicker and easier for visitors to enter the country and avoid long waits at Florida's busy airports and seaports. The same bill intended to block foreigners from entering or staying illegally is also designed to help legitimate travelers come and go without hassles. [Source: South Florida Sun-Sentinel]

100 percent interest-rate hike worries students

If lawmakers don’t take action before Monday, which doesn’t appear likely, the interest rate on new subsidized Stafford loans will double from 3.4 percent to 6.8 percent. A U.S. Department of Education analysis estimated the higher rate would cost Florida students an additional $936 per loan, per year. [Source: Fort Myers News-Press]

Massive privatization of prison health care looms in Florida

The nation's largest outsourcing of prison medical care is finally under way in Florida with the state turning to a private company with a history of problems in other states. Corizon Inc. of Brentwood, Tenn., plans to start work Aug. 1 after Florida won a two-year legal fight with a public employee union that accused the Legislature of illegally seeking to privatize health care in most prisons by steering the decision to a 14-member Legislative Budget Commission. [Source: Times/Herald]

Hundreds of new Florida laws in effect today

The state's $74.1 billion budget kicks in on Monday along with nearly 200 new laws approved by the Legislature and signed by Gov. Rick Scott. The new laws range from a limit on the law-enforcement use of drones to a bill spelling out how money is raised to build nuclear-power plants to new rules for Citizens Property Insurance Corp. Read more from the News Service of Florida and see a slideshow highlight of some of the new laws from the Sarasota Herald-Tribune.


› Charities feel pinch of Nadel 'clawback'
It's been more than four years since Sarasota hedge fund manager Art Nadel disappeared after his Ponzi scheme collapsed, more than two years since he was sentenced for crimes related to the scheme, and more than a year since he died in prison. But many of the local charitable groups that received money from Nadel are still trying to recover from unwittingly taking the tainted contributions.

› Space Shuttle Atlantis inspires generations of explorers
With a giant question mark hovering over the future of the U.S. space program, the Kennedy Space Center Visitor Complex opened its $100 million Space Shuttle Atlantis exhibit Saturday.

› Fourth of July the 'bread and butter' of fireworks retailers
The Fourth of July is less than a week away, and Florida fireworks retailers are counting on swarms of customers and explosive sales. "The Fourth of July is the bread and butter of the industry," said Julie Heckman, executive director of the American Pyrotechnics Association. The summertime holiday generally accounts for 75 to 85 percent of fireworks retailers' annual sales.
» Authorities push July Fourth safety, detail Florida's fireworks laws
» Exploding, flying fireworks boom in St. Johns County; Duval left with 'sparklers'

› Tech developers: Battle Hack Miami needs you
Tel Aviv, Seattle, New York City, Berlin, you’ve been warned: Miami is ready to out-hack you. Miami’s growing tech community was chosen as one of 10 “Battle Cities” in PayPal’s upcoming $100,000 competition called Battle Hack.

Go to page 2 for more stories ...

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Florida Trend Video Pick

Lincoln Road keeps growing — and its small businesses keep closing
Lincoln Road keeps growing — and its small businesses keep closing

Over the last five years, a wave of out-of-town investors have paid record-high prices for Lincoln Road properties looking to capitalize on the Beach's international cachet. Increasingly, small businesses unable to keep pace with the skyrocketing rents in the historic Miami Beach shopping district are being forced to decide between relocating or closing.

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