September 2, 2014

Thursday's Daily Pulse

What you need to know about Florida today

| 1/23/2014

Medicaid decision may cost Florida businesses millions

The decision to not expand Medicaid as part of the ACA saw Florida pass up more than $50 billion in additional funding to help defray the costs of the expansion. But businesses may also lose out on up to $253 million a year in tax penalties due to that decision. More at the AP and CBS Miami.


Higher tides likely to make hurricane flooding worse

High tides have been getting higher and low tides lower at cities around the Gulf of Mexico, according to a new study produced in part by scientists at the University of South Florida. The trend for sea level rise spells very bad news for anyone living along the coast if a hurricane hits during one of those higher high tides. [Source: Tampa Bay Times]


Florida Trend Exclusive
Finding opportunities for Florida/International Trade

The Florida Chamber Foundation recently released an update to its 2010 Florida Trade and Logistics Study. The report examines whether Florida has made progress in its trade and logistics infrastructure and in preparing to take advantage of opportunities presented by the expansion of the Panama Canal. Read the full story here.

Paul Anderson
Florida Chamber Foundation Executive Vice President Tony Carvajal says the foundation's report calls for more manufacturing in Florida. [Photo: Mark Wemple] Story here.

Miami remains US foreclosures capital

The number of closed sales and the number of cash sales in Miami’s residential real estate market in November declined marginally year-over-year, according to experts. As a percentage of all closed sales in Miami-Dade County, cash sales dropped from 75.3% in November 2012 to 73.2% in November 2013. [Source: Miami Today]


New bankruptcy cases fall in South Florida

Bankruptcy filings in South Florida have dropped more than a third since they peaked in 2010, according to new data from U.S. Bankruptcy Court Southern District of Florida. New cases in Palm Beach County dropped 16 percent from a year ago and 34 percent from December 2010's high of 470. Last month, 312 cases were filed. [Source: South Florida Sun-Sentinel]


ALSO AROUND FLORIDA:

› Tampa City Council to consider up to $100,800 in incentives for IT corporate expansion
The company's name is a secret under a business recruitment exemption to Florida's Public Records Law, but it is based here and recently acquired some other companies outside of Florida. It is looking to hire 112 new employees who would work for the parent company but perform tasks for the subsidiaries.

› Scott pledges $130M to Everglades restoration
Gov. Rick Scott on Wednesday pledged $130 million to Everglades restoration in the upcoming budget. Scott said during a meeting of the Florida Cabinet that the 2014 budget request would be used to help restore the Kissimmee River north of the Everglades.

› Jackson hospital reaches deal with unions to restore workers’ pay
The Jackson Health System has reached a tentative deal with the public hospital network’s labor unions to phase out an unpopular pay concession and award employees one-time bonuses.

› How should Venice market itself?
Although long considered a tourist destination, the city of Venice lacks its own distinctive strategy for reeling in visitors. It needs a "brand," some business leaders say.


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Disney's Hoop-Dee-Doo still serving up laughs, dinner after 40 years
Disney's Hoop-Dee-Doo still serving up laughs, dinner after 40 years

The Hoop-Dee-Doo Musical Revue will mark its 40th anniversary this week after more than 37,000 dinner-show performances at Pioneer Hall, tucked away in Disney's Fort Wilderness campground.

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