November 23, 2014

Monday's Daily Pulse

What you need to know about Florida today.

Florida Trend Exclusive
Florida's Economic Yearbook 2012

Florida Interactive Map: Data points to a cautious recovery
Click for an Interactive 2012 Economic Yearbook Map
which includes data on population, age, income and more

By all economic indicators, Florida is bouncing back. Visitor counts are up from the Panhandle to Miami. The supply of homes for sale is approaching more typical levels — home sales in Miami hit a record last year. Companies are hiring, expanding and relocating throughout the state. Consumer bankruptcies are down — in most regions by double digits. Manufacturing is getting stronger in the Southwest and Southeast and in other regions as well. But the nascent recovery is fragile. Read more about Florida's economy and see the first Economic Yearbook installment:

» Economic Indicators for Miami-Dade and Monroe County


Family bonding is even more important when times are tough

Experts say when it comes to teens, prosocial behavior — today’s hot term for selfless deeds that benefit family, friends and community — is an important marker for success in high school and beyond.

Publisher's Column: State of the State

For the 44th consecutive year, Florida Trend presents its annual Economic Yearbook, a special issue highlighting the economic condition of each of the state's 67 counties. Executives around the state often use the yearbook as the basis for speeches. More...

Andy Corty
Andy Corty, Publisher
Thing is, researchers are now reporting that middle-class and upper middle-class parents who are depressed over money problems can disconnect from their teens who, in turn, withdraw from the kind of altruistic activities that, in the end, help those teens most of all. [Source: Miami Herald]


Condo buyers risk losses again, analysts caution

If you're in the market to buy or sell in a high-rise, be careful. Some experts see another condo collapse on the horizon. More than two dozen condominium projects, including five in Broward and Palm Beach counties, are being added to the South Florida skyline in the next few years, according to CondoVultures.com, a consulting firm. By the end of 2012, as many as 10,000 units could be in the planning stages. [Source: South Florida Sun-Sentinel]


Big-ticket purchases making flashy comeback

The rich are back. From hot cars to expensive jewelry and luxury boats to high-end homes, Southwest Florida's wealthy are spending again, putting the "conspicuous" back into conspicuous consumption. [Source: Sarasota Herald-Tribune]


Assorted grocery stores finding a niche in South Florida

Even when budgets are tight and gas prices are high, people have got to eat. Lucky for South Florida, shoppers have an abundance of choices when it comes to grocery stores. In recent years, supermarket chains like Publix, Whole Foods, Winn-Dixie and Aldi, among others, have expanded throughout Palm Beach and Broward counties. [Source: South Florida Sun-Sentinel]


ALSO AROUND FLORIDA:

› Sherwood Hardware holds off big box stores with old school service
The Sherwood Hardware store at the corner of Moncrief and Soutel roads in Jacksonville doesn’t have air conditioning. There are no fancy big box store signs. Families have been using the store for generations. The small, mostly wooden structure is easy to miss if you don’t know what you’re looking for. But the “we strive harder to please” slogan painted on the south side of the building is the calling card for the store that’s been in operation for a half century.

› Hurricane coming? Palm Beach County may be creating an app for that
If you're wondering when a storm might hit, or whether you should evacuate, that information might soon just be a phone app away. Palm Beach County already has a web-based tool for reporting damage after the storm. Now it is testing that as a phone app.

› Bidding wars break out over Tampa Bay area homes
Last month, Barry Barker put his home in New Tampa on the market. He expected it would take six months to land a buyer. The house sold in six days. Two dozen people toured the property, producing six offers. All of them matched or topped Barker's asking price of $225,000.

› How local leaders brought MindTree to Gainesville
This past Nov. 29 at 2:14 p.m., an executive from MindTree Limited made first contact in Gainesville by emailing the computer science chairman at the University of Florida College of Engineering. That started a months-long process, codenamed Project Arbor, that culminated in Tuesday's announcement that the India-based software development firm had selected Gainesville for its first U.S. development center.


Go to page 2 for more stories ...

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single ditgital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

What It Will Feel Like To Ride The World's Tallest Roller Coaster
What It Will Feel Like To Ride The World's Tallest Roller Coaster

Developers David and Joshua Wallack are set to build a 570-foot vertical coaster, which will be the tallest in the world, in Orlando.


Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Did President Obama overstep his executive authority by enacting immigration reform?

  • Yes. He should have gone through Congress.
  • Unsure
  • No, other presidents have taken similar action, and something had to be done.

See Results

Ballot Box
Subscribe