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Thursday's Afternoon Update
What you need to know about Florida today
No horsing around: The industry generates billions in Florida
From track racing and rodeoing to such sport disciplines as jumping, barrel racing, dressage, harness racing, trail riding or polo (played mostly on the east coast), the culture of horses is a bottom-line bonanza in the Sunshine State. Horses generate $6.5 billion per year of gross domestic product in Florida. More from Florida Weekly.
Small business optimism declined nationally in June but not in South Florida
A recent survey of small businesses by TD Bank shows that South Florida small business owners don't expect the Trump administration's policies to have a significant impact on their businesses in 2017. TD Bank sampled 148 small business owners in South Florida and found that, to name a few items, the majority will be keeping their employee base stable and most don't need additional lines of credit. See the full survey here. Also read more at the South Florida Business Journal.
Column: Florida defies big-state financial curse
Florida’s fiscal leanness stems from some healthy practices: keeping a balanced budget, relatively low taxes and expenditures, and — notably — maintaining institutions that allow for both. More from the Daily Commercial.
USF St. Petersburg: Realizing a Vision
Research is an important part of an education at USFSP for both faculty and students. Faculty are working with major granting agencies, including the National Institutes of Health, the National Science Foundation, the U.S. Department of Education and the Department of Agriculture. Read the full Sponsored Report.
Another flood insurance crisis? Washington rancor threatens progress
Despite the rancor consuming Washington, bipartisan work is happening on an issue that affects Florida more than any other state: flood insurance. But the fight over health care and controversy over Russian interference in the election threaten to impede that work. More from the Tampa Bay Times.
Around the State
Leveraging Research
The University of Florida has reaped more than $250 million in royalties over the last four decades from the sale of Gatorade, famously created by UF professor Robert Cade. But UF originally rejected Cade's request to market the drink, and it took a legal battle after Cade sold the formula before UF reached an agreement to receive a share of those royalties.
Development
Park-Line
The developer of Florida’s upcoming Brightline train service is getting into the rental apartment business. Florida East Coast Industries (FECI), the company behind the $3 billion, 235-mile express train system that will eventually connect Orlando to Miami, is launching a new real estate brand, to be called Park-Line.
» Read more from the Miami Herald.
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