April 17, 2014

Thursday's Afternoon Update

What you need to know about Florida today

| 1/16/2014

Florida’s rebound from Great Recession strengthens

Florida’s economy is expected to continue to rebound in 2014 – albeit very fragilely – from the Great Recession of 2008 and 2009. Although the housing market has made significant progress, economists expect it will take many more years to recover what was lost when the market collapsed. More at Miami Today.

State to spend $2.8 million on 'Welcome to Florida' signs

By fall 2015, drivers crossing the Florida state line will be greeted by majestic archways towering over palm trees and tropical-looking foliage on Interstate 95 and Interstate 75. Similar signs are also planned for Interstate 10 at the Florida-Alabama state line, say state officials, who are spending $2.8 million on the gateway signs. More at the Orlando Sentinel.

Miami Heat wants 10 more years on its arena deal

Business Profile


Dr. Michael Yuz founded teleradiology company USARAD.com in New Jersey in 2008. The company sells 24/7 access to radiologists and cardiologists who interpret MRIs, X-rays, EKGs, sonograms, CT scans, mammography and other tests for imaging centers, hospitals and other care providers.

» Full story

The Miami Heat and Miami-Dade County are negotiating a 10-year extension of the deal that lets the team play at AmericanAirlines Arena and receive about $6.5 million a year in hotel taxes to subsidize operations. More at the Miami Herald.

Medical marijuana supporters one step closer to legalization in Florida

Medical marijuana supporters have collected enough signatures to make the 2014 ballot. The group pushing the constitutional amendment has collected more than 1.1 million signatures. It takes nearly 700,000 signatures from registered voters in order to qualify for the ballot. More at WTXL and the Tampa Bay Times.

J.C. Penney closing 33 stores, two in Florida

J.C. Penney Co. announced that it will close 33 stores as part of a strategic turnaround. The company, which is expected to cut 2,000 positions, said the closings should result in an annual cost savings of about $65 million. More at the Wall Street Journal and the Orlando Sentinel.

Convention Business
On Hold

conventionWhat was supposed to be a simple majority yes or no vote in November for expanding the Miami Beach Convention Center has turned into a headache for tourism leaders. A citizens group successfully sued to postpone that vote, saying that the city did not adequately communicate the agreement’s details to voters.

» Full story

Tags: Daily Pulse

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An overview of the features and articles in this month's issue of Florida Trend.


Florida Trend Video Pick

Okeanos Explorer 2014
Okeanos Explorer 2014

ROV Deep Discoverer (D2) has arrived on the seafloor at site “Northwest Gulf Mid-Depth”. The purpose of the dive is to explore the steep slope of a mound feature and look for deep-sea coral habitats. Click to watch the video or go here for more info.

Earlier Videos | Viewpoints@FloridaTrend

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Prices have been increasing on beef and pork. How will this impact your grocery bill?

  • Greatly: I will be spending more because I buy a lot of beef and pork
  • Some: I will likely be switching to cheaper cuts or to poultry
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