Wednesday's Afternoon Update
What you need to know about Florida today
Gov. Rick Scott proposes $74 billion budget
Gov. Rick Scott packaged together his election-year priorities Wednesday, offering a $74 billion budget proposal to Florida lawmakers that is slightly below the current year budget. The budget proposal includes his wish-list of priorities, from more tax breaks for businesses to Everglades restoration to lowering the state’s debt ratio. More at the Miami Herald and the Orlando Sentinel.
Citrus Bowl demolition, renovation begin
The scoreboard at the 78-year-old Citrus Bowl came down Wednesday morning followed by fireworks as AC/DC's "Thunderstruck" boomed over the loud speakers. The ceremony full of pomp marked the beginning of the demolition of a facility often begrudged for showing its age and holding Orlando back. More at the Orlando Sentinel.
One Spark gets $3.25 million infusion from Jaguars owner Shad Khan
18 ways to measure Florida's economy
Tampa Bay Times Business Columnist Robert Trigaux outlines some ways to measure Florida's recent economic progress.
Jacksonville’s One Spark festival got a huge financial boost Wednesday. Jacksonville Jaguars owner Shad Khan along with Arsenal Venture Partners, Palm Ventures, Florida Blue and UE Investors combined forces to offer up to $3.25 million in combined potential investment opportunities to the entrepreneurial and arts festival slated for April 9-13. More at the Florida Times-Union.
New airline, familiar name to launch in Miami
An airline with a familiar name is looking to fly out of South Florida again. Eastern Air Lines Group announced Tuesday that it has taken the first step to launching a new airline in Miami. More at the AP.
Tupperware profit increases but misses expectations
Orlando-based Tupperware Brands Corporation's sales and profit climbed in its fourth quarter, but both those results and the outlook for its current year missed analyst estimates. Sales increased 1 percent to $717.1 million and profit jumped 20 percent to $89.7 million, or $1.74 per share. More at the Orlando Sentinel.
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