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June 24, 2018

Friday's Afternoon Update

What you need to know about Florida today

| 10/18/2013

Venture capital up in Florida - but still only a small slice of U.S. total

South Florida took the lion’s share of the $104 million venture capitalists invested in Florida companies in the third quarter of 2013, according to a new MoneyTree Report. Eight deals in South Florida took $71.71 million of the statewide total. Year-to-date, the $277 million in venture funding in Florida is up 75 percent over the first three quarters of last year. Yet Florida companies only account for a tiny fraction -- 1.3 percent -- of the U.S. venture capital pie. Venture capitalists invested $7.8 billion in 1,005 deals in the third quarter across the country, with California leading the pack. [Source: Miami Herald]

Foreign frenzy for Florida residences

Interest from foreigners in Florida residences is spreading to properties throughout the state. In 2012, one in five sales of Florida homes was to a non-resident foreigner.

“We deal with lots of Germans and Canadians on the southwest coast of Florida. Down in Miami and central Florida, we’re seeing lots of Brazilian activity,” says Kelly Cutchin, USA country manager for Moneycorp (in photo). » Read more

Citrus, vegetables had a good 2012 in Florida

Florida's Department of Agriculture released a 1 report Friday showing that citrus fruits, snap beans and cucumbers grown in the Sunshine State are among the industry's highlights. Florida is first in the nation in the value of production of oranges, grapefruit, fresh market snap beans, cucumbers for fresh market, cucumbers for pickles, squash, sweet corn, fresh market tomatoes, sugarcane for sugar and watermelons. [Source: AP]

Port Richey inventor's Magical Butter machine gets 'high' marks from foodies, stoners

Garyn Angel of Port Richey, Florida, has invented a machine that is making serious waves. It is Magical Butter, touted as the world's only botanical extractor, pulling plant nutrients directly into butter, cooking oils, alcohol and lotions. Need a decoder? It's helpful in making pot brownies and late-night pizza with that extra little something. [Source: Tampa Bay Times]

» FRIDAY PREVIEW: Coming next week to

  • Home building: Legal decision could mean more liability for developers:
    Developers and home builders face potential new legal liabilities for shoddy infrastructure work after a homeowners association in west Orange County won a landmark case before the Florida Supreme Court.
  • Rental rush: Demand for rentals in South Florida: Post-real estate bubble, demand has soared for rentals, vacancies have plummeted and rents have begun to rise.
  • Business profiles: We look at Ovations Food Services in Southwest Florida, a website called CollegeFrog that has been built for accounting and finance students, and a bank in Jacksonville.

» You'll find all these stories first on the Daily and Afternoon Pulse e-mails.

Event from the Florida Fish and Wildlife Conservation Commission

MarineQuest 2013

MarineQuest is an annual family event held at the Fish and Wildlife Research Institute (FWRI). At this open house, the public can get a firsthand look at the extensive research conducted at the facility, introducing all ages to the world of marine science. Researchers hold seminars throughout the day explaining current research on marine species such as the Florida manatee and Florida's coral reefs. (In the photo, a baby alligator and a Florida scallop.)

Saturday, October 19, 2013
10 a.m. to 4 p.m.
FREE admission

FWC Fish and Wildlife Research Institute
100 Eighth Avenue Southeast
St. Petersburg, Florida

» More at the FWC website

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Florida Trend Video Pick

Brevard Zoo releases sea turtles
Brevard Zoo releases sea turtles

Sea turtles Skipper and Ginny were released Thursday, June 21, 2018 after recovering from medical problems at the Brevard Zoo. (There is no audio track on this video from the Brevard Zoo.)

Earlier Videos | Viewpoints@FloridaTrend

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