April 23, 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

USARAD

usarad
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

In case you missed it:

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single ditgital issue, or start a new subscription to Florida Trend.

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

ACCESS THIS ISSUE »

Florida Trend Video Pick

Water is the instrument at Florida Orchestra concerts
Water is the instrument at Florida Orchestra concerts

Florida Orchestra Percussionist John Shaw and his water basin will be center stage for the Tan Dun Water Concerto, a unique production of light and sound being performed by the Florida Orchestra.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

What, in your opinion, is the best way to invest for the long-term?

  • Real Estate
  • Gold
  • Bonds
  • Stocks/Mutual Funds
  • Savings Accounts/CDs
  • Other (i.e. Art)

See Results

Ballot Box
Subscribe