March 28, 2024

Tuesday's Daily Pulse

What you need to know about Florida today

| 5/2/2017

Florida banks face conundrum to survive

As the number of Florida-based banks continues to dwindle, one analyst predicts the state’s banking sector will shrink to 100 members within two years. At the beginning of the year, 149 banks were headquartered in Florida. That’s down from 306 lenders 10 years earlier and 227 just five years ago. [Source: Sarasota Herald-Tribune]

After delay Florida will finally hand out oil spill money

After keeping the money locked up for nearly a year, Florida legislators have finally agreed on a plan to hand out millions of dollars given the state for damages related to the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. See "HB 7077: Gulf Coast Economic Corridor," here. Also read more at the AP.

Florida 'foodpreneurs' look for help as culinary scene grows

Food-business owners and industry insiders say there isn’t enough local help to get entrepreneurs from concept to business, especially with a new wave of hopefuls inspired by the growing culinary scene. [Source: Orlando Sentinel]

Florida Small Business

FloridaSmallBusiness.com is all new for 2017. This website is fullof practical information, tips and resources resources to help small businesses grow. Read it in full, here.

Gov. Rick Scott miffed about budget but doesn't use 'veto' word

Gov. Rick Scott is clearly miffed that the state Legislature doesn’t see eye-to-eye with him on tax cuts and the amount of money for Visit Florida and Enterprise Florida, but he wouldn’t use the “veto” word in an interview in Broward Monday.[Source: Tampa Bay Times]

Miami can sue big banks for predatory lending, Supreme Court rules

The U.S. Supreme Court ruled Monday that the city of Miami can sue some of the nation’s largest financial institutions over allegations that predatory lending practices in minority communities violated the Fair Housing Act and contributed to a real estate meltdown that nearly bankrupted the city. [Source: Miami Herald]

ALSO AROUND FLORIDA:

› Florida Blue auto-pay glitch wipes out some customers' bank accounts
Plagued with enrollment and payment glitches since the beginning of the year, Florida Blue is once again apologizing to health insurance customers. Here is the letter from Florida Blue to members, apologizing for the incident and laying plans to make it right.

› Publix rings up rough first quarter
Publix rang up a rough first quarter as sales and profits fell at the region’s dominant grocery store chain. Publix Supermarkets revenues fell 0.4 percent to $8.69 billion as leaders blamed the drop on changes to the calendar.

› Florida Senate advances controversial Title I school funding bill, worrying district leaders
Proposed dramatic changes to the way Florida schools get and use federal Title I funding gained support in the state Senate Appropriations Committee on Monday, paving the way for their likely adoption into law.

› Jacksonville launches help sessions for new business owners
In honor of National Small Business Week, the city of Jacksonville has launched a new consultation service for new business owners. The one-on-one, half-hour sessions with a city official are free.

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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.

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