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June 25, 2018

Tuesday's Daily Pulse

What you need to know about Florida today

| 8/19/2014

Small business lending is slow to recover

Across the U.S., small-business lending has been stuck in a slow, grinding recovery behind most other types of business and consumer loans. At the end of the first quarter, banks held $585 billion in loans to small businesses, up 1% from last September but still 18% less than the peak of $711 billion in 2008. [Source: Wall Street Journal]

See also:
» Small biz lending is down sharply, at a time when other kinds of loans are rising
» Small Business Lending: A Likely Hot Topic at Jackson Hole Summit

Construction jobs growing but skilled workforce nearly tapped out

During the past year, construction firms added jobs in 39 states but the availability of skilled workers is beginning to fall short of demand. Nevada led the way with the largest yearly percentage gain while Florida added the largest number of jobs, according to an analysis of Labor Department data. [Source: The Hill]

Increased domestic production keeping gas prices low

Despite international turmoil and because of increased domestic production, oil prices continue to trade near multimonth lows. Gas prices continue to slide and drivers on Monday were finding gasoline at or below $3.20 in metro markets including Orlando and Tampa. [Source: Gainesville Sun]

Investor groups that resurrected failed banks cash in on IPOs

Two investor groups that acquired a number of failed Florida banks during the past five years have come out with initial public offerings, looking to raise millions from new investors aiming to capitalize on the industry's resurgence. [Source: Sarasota Herald-Tribune]

Florida spent more than $2.46 million on security

Florida taxpayers spent more than $2.46 million to provide security for Gov. Rick Scott as well as governors from other states. A new report released Friday showed the state spent that much on security between July 2013 and June 2014. [Source: AP]


› Floridians passionate about, but puzzled by, endangered and invasive species
Floridians would likely support a 1 percent sales tax bump to prevent and eradicate disruptive invasive species, a new University of Florida Institute of Food and Agricultural Sciences public opinion survey shows.

› Fort Lauderdale firm strives for happy, healthy crew
Team Horner, a manufacturer, distributor and exporter of swimming pool equipment and supplies, is the first Broward County company to receive the PsychologicallyHealthy Workplace award. The company now moves to the national competition.

› ByoPlanet gets more business from Royal Caribbean
Sunrise-based sanitization company ByoPlanet International said it has received more than $2 million in new orders from Royal Caribbean Cruises Ltd. The cruise company, which is headquartered in Miami, has used ByoPlanet products and services in the past to clean its ships after stomach illness outbreaks.

› Group Sues Over Re-Drawn Florida Congressional Map
A coalition issued a sharply-worded motion Monday which called the recently redrawn Florida congressional “brazenly partisan” and claimed it would not fix the problems that prompted a judge to declare the original map unconstitutional in the first place.

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Florida Trend Video Pick

Lincoln Road keeps growing — and its small businesses keep closing
Lincoln Road keeps growing — and its small businesses keep closing

Over the last five years, a wave of out-of-town investors have paid record-high prices for Lincoln Road properties looking to capitalize on the Beach's international cachet. Increasingly, small businesses unable to keep pace with the skyrocketing rents in the historic Miami Beach shopping district are being forced to decide between relocating or closing.

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