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Friday's Daily Pulse
What you need to know about Florida today
Boca Raton-based Geo Group's stock plummets after Fed says it will phase out private prisons
Shares in GEO Group Inc. in Boca Raton plummeted Thursday after the Obama administration said it will phase out its contracts with private prisons, affecting thousands of federal inmates. Geo Group's shares were down as much as 42.7 percent after the announcement. The company employs 15,000 people, and is one of just three companies nationally that operates private prisons for the federal government. More from WLRN, the Palm Beach Post and Bloomberg.
See also:
» Why the Justice Department is phasing out private prisons
» Private prisons unfazed in Florida despite DOJ's phase-out
» Florida's 125 Biggest Public Companies: #41 Geo Group
Understanding Amendment 4: Tax exemptions for solar devices or renewable energy source devices
Amendment 4 would authorize the Legislature to exempt the assessed value of solar or renewable energy source devices from the tangible personal property tax, and to authorize the Legislature to prohibit such devices from being considered in assessing the value of real property. More Amendment 4 analysis from Florida TaxWatch here, or download the PDF of the full report.
Florida health care centers receive $4.6 million for renovations
Health care centers across Florida were collectively awarded more than $4.6 million in funding Thursday to expand and improve quality, infrastructure and primary care service. The U.S. Department of Health and Human Services announced the awards, which come from the Affordable Care Act’s Community Health Center Fund.[Source: South Florida Business Journal]
Is your business prepared for disaster? There’s a free app for that
Florida businesses can better prepare for hurricanes and other disasters, including manmade ones such as cyber attacks, with the free Bizaster app from the Florida SBDC Network developed at Florida International University. [Source: Miami Herald]
Snapshot of Florida's housing markets
With SmartAsset’s interactive Healthy Housing Markets map, you can locate the healthiest housing markets in your state and across the country. Search for the overall healthiest markets or look specifically at one of four indicators: stability, risk, ease of sale and affordability. [Source: Smart Asset]
› WeVenture, a women's entrepreneur program, to shut down Orlando site
A program that provides help and resources to women entrepreneurs will shut the doors of its Orlando location next month. Melbourne-based WeVenture, which in 2015 expanded into Orlando for the first time, will close its doors here on Sept. 29.
› Florida wants battle over school law sent to federal court
The Florida Department of Education and six school districts are asking a federal judge to take over a lawsuit that challenges the state law preventing some students from being promoted to the fourth grade.
› Sarasota-based XG reports $6.3 million loss, revenues up substantially
XG Technology Inc., the Sarasota-based cognitive radio company, reported a loss of $6 million, or 98 cents per share, in the second quarter, according to a filing Thursday with the U.S. Securities and Exchange Commission.
› Giant fish lures saltwater fly anglers to Florida Keys
Each year in the spring and early summer, tens of thousands of anglers come to Key West and elsewhere in the Keys, drawn by a giant, acrobatic fish. Together, these visitors pump an estimated $25 million into the Keys economy.
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