March 29, 2024

Friday's Daily Pulse

What you need to know about Florida today

| 6/3/2016

CBO: Hurricane damage costs will increase faster than the economy

Costs associated with hurricane damage will increase by about $11 billion over the next several decades as a result of climate change and coastal development, the Congress Budget Office (CBO) estimated in a report released Thursday. [Source: The Hill]

See also:
» No hurricanes in Florida, so why the insurance hikes?
» Jeff Atwater, state officials warn to prepare paperwork ahead of hurricane threats

Middle market companies account for more than half of national job growth

The latest "Middle Market Power Index" by American Express and Dun & Bradstreet found that while the total number of commercially active firms has declined since 2011, the number of middle market firms — and their revenues and employment — have doubled. Read more at Florida Trend and see the full report here.

More Americans plan to retire after 70

U.S. workers are more confident that they'll be able to retire someday. Just not until they're 70. Some 23 percent of Americans with jobs said they planned on being septuagenarian employees, up from 16 percent in 2009. [Source: Bloomberg]

Federal consumer watchdog takes aim at payday lenders with proposed rules

The government's consumer watchdog Thursday proposed a set of rules designed to rein in the practices of American payday lenders, taking aim at a profit-making model that involves staggeringly high fees and often leaves serial borrowers with spiraling debt. [Source: Washington Post]

Filling construction jobs is still builders' top challenge

The cost and availability of labor remains a top supply-side headwind for home builders and remodelers as the residential construction industry expands. Over the past few years, the issue has increased in importance according to NAHB industry surveys. [Source: Builder]

ALSO AROUND FLORIDA:

› UCF students launch company to reduce chemical waste
Some of the world’s brightest entrepreneurial minds aren’t in Silicon Valley. They’re right here at UCF utilizing the Blackstone LaunchPad.

Community Portrait of
Lee County

In this community portrait, we look at the economies and demographics of Fort Myers, Cape Coral, Bonita Springs and Sanibel. The portrait includes county hot spots, key sectors major businesses, manufacturing and must-know contacts. Read it in full, here.

› KSC, Groundswell group aim to pave way for start-ups
What it will take for the Space Coast to launch more business ventures based on licensed space technologies? An event this week, investors, space officials and entrepreneurs attempted to lay out a road map of sorts to show the way.

› DeLand coffee maker fighting energy drink maker to use Monster name
A DeLand coffee roaster and B-52s frontman Fred Schneider are fighting off a threat from Monster Energy drinks for using the name monster for one of its blends.

› Whole Foods wants you to eat invasive lionfish into submission
You've seen their unicorn-like horns, venomous spines and distinctive stripes on movie screens and behind the glass walls of aquariums, but are you ready to see lionfish on your dinner plate? Environmentalists and super markets like Whole Foods hope so.

Go to page 2 for more stories ...

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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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