Tuesday's Afternoon Update
What you need to know about Florida today
Floridians’ overall confidence in economy stays on even keel
Floridians’ confidence in the economy held steady in February at 78, unchanged from the previous month, according to a new University of Florida survey. “We expected little change to the February index given the agreement in Congress that averted another shutdown and debate over the debt ceiling,” said Chris McCarty, director of UF’s Survey Research Center in the Bureau of Economic and Business Research. More at UF News.
» US consumer confidence dips slightly in February
Organizers pitch Melbourne International for air show
Organizers of the Melbourne Air and Space Show, which in the past has been a beachside attraction, today will pitch to local officials the idea of holding it at Melbourne International Airport. The airport staff is cautiously studying the issue, but some logistical questions have arisen. More at Florida Today.
Office Depot reports loss but claims bigger savings from merger
Office Depot's new chief executive Roland Smith said Tuesday that he expects cost savings from the company's merger with rival OfficeMax to be more than $600 million by the end of 2016. Previous executives had estimated between $400 million and $600 million in savings from integrating operations with Illinois-based OfficeMax. More at the South Florida Sun-Sentinel.
Florida life science businesses sign deals in Dubai
A trip to the Arab Health trade show in Dubai netted $111 million worth of sales for Florida businesses. The trip led by Enterprise Florida brought 24 life science companies to the region. More at the Tampa Bay Business Journal.
Florida taxpayers could hand film industry $1B tax break
As Tinseltown readies for Oscar night, Florida‘s film and entertainment production industry is reportedly lobbying lawmakers for $1 billion in tax perks. The subsidies would be for selected companies producing films, commercials, music videos, “high-impact” television shows and interactive websites. More at the Florida Watchdog.
In case you missed it: