March 28, 2024

Monday's Afternoon Update

What you need to know about Florida today

| 12/7/2015

More military veterans moving into entrepreneurship

Veterans, who make up about 8 percent of the U.S. population at more than 21 million, are twice as likely to jump into entrepreneurship as civilians. Today, one in 10 small businesses is started by a veteran, and about 20 percent of small business employees work for veteran-owned businesses. More at the Miami Herald.

Florida banks see profits climb in the third quarter

The state's 165 banks and thrifts earned a combined $382 million in the July-September period, a 22 percent gain over the year, according to new data from the Federal Deposit Insurance Corp. More at the Sarasota Herald-Tribune.

Wages may grow faster in 2016

If the economists are correct, the average person in South Florida could be looking at a bigger pay raise in 2016. Averages wages in Broward, Palm Beach and Miami-Dade County will rise 3.2 percent, according to forecasts by the University of Central Florida. More at the South Florida Sun-Sentinel.

Strong sales & critical acclaim mark 14th edition of Art Basel in Miami Beach

The 14th edition of Art Basel in Miami Beach closed amid reports of strong sales and an enthusiastic reception from collectors, institutions, gallerists and critics from across the Americas and the world. Story, plus photo gallery, here.

Small Business Advice
Three common challenges for small businesses

Every once in a while you need to sit back and reflect on life to see if there are any trends or experiences that you or others can learn from. The Jim Moran Institute recently celebrated its 15th anniversary, and I was reflecting on the common problems that entrepreneurial clients (over 3,000) have had over the years. Read the full column from Jerry Osteryoung.

Profile
Ergotech Inc.

bad back inventor Earl Hagman is tall inventor with a bad back. That combination positioned him perfectly as a pioneer on workplace ergonomics. Today, his talent as an engineer, coupled with hard work, has put him at the helm of Ergotech Inc.

» More from the Sarasota Herald-Tribune

Political Trends
As Florida's Puerto Rican population booms, political parties move in

cameras It used to be that when political experts would pontificate about "Latinos" in Florida, they were talking about Cubans. But those days are over. There are now more than one million Puerto Ricans in Florida (1,006,542 to be exact). More at NPR, or listen to the full report below.

Tags: Daily Pulse, Afternoon Pulse

In case you missed it:

Florida Trend Video Pick

Bitter-to-swallow cocoa costs force chocolate shops to raise prices
Bitter-to-swallow cocoa costs force chocolate shops to raise prices

Central Floirda chocolate shops are left with a bitter taste as cocoa prices hit an all-time high earlier this week.

Video Picks | Viewpoints@FloridaTrend

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