Wednesday's Afternoon Update
What you need to know about Florida today
U.S. venture capital cooled in 2016, but took a Magic Leap in Florida
While venture capital investment cooled nationwide last year, investment in companies in the Sunshine State heated up, producing the best result since 2001. Venture capitalists injected $1.12 billion into 71 deals in Florida in 2016, but most of that total went to Plantation-based “mixed reality” technology company Magic Leap. More from the Miami Herald and the South Florida Sun-Sentinel.
New CEO named for Orlando's economic development / chamber group
The Orlando region’s soon-to-merge economic development / chamber group has named Tim Giuliana as its first president and chief executive officer to lead the new organization. This key leadership role will oversee strategic efforts to bring more high-wage jobs to Central Florida while promoting and enhancing the region’s dynamic business climate and quality of life. Full news release here.
Florida still leads U.S. in foreclosures
Florida remains the nation's foreclosure hot spot, but the number of homeowners who have lost their properties is falling. Florida led the U.S. with 48,494 completed foreclosures in the 12 months through November. More from the Sarasota Herald-Tribune.
18-year-old whistleblower lawsuit ends against Deerfield Beach pump maker
A false claims lawsuit filed more than 18 years ago against Deerfield Beach-based industrial pump maker Moving Water Industries came to an end this week with the U. S. Supreme Court declining to hear the case. More from the South Florida Sun-Sentinel and the Orlando Sentinel.
Norwegian will bring its new Alaskan ship, Norwegian Bliss, to Miami
Norwegian Cruise Line’s newest ship, the Norwegian Bliss, will split its time between the frigid waters of Alaska and the warm currents of the Caribbean. The 4,000-passenger Bliss, a ship Miami-based Norwegian touted as custom-built for Alaska, will set a course for PortMiami in November 2018. More from the Miami Herald and the South Florida Business Journal.
Insuring Your Data
Most business owners willingly write checks for insurance policies they may never use. But when it comes to insuring the integrity of — and access to — their company’s critical data, there are likely to hesitate due to the cost involved. [Sponsored Report]
Justice Barbara Pariente
Barbara Pariente has been a powerful — and sometimes controversial — presence on the Florida Supreme Court for nearly 20 years. This profile of Pariente looks at how she arrived to be on the state Supreme Court, what landmark decisions she is most known for, her personal style, her fight with breast cancer, and what she thinks about the role of the high court in Florida's current political climate.
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