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September 25, 2017

Monday's Daily Pulse

What you need to know about Florida today.

Will Short Gorham | 2/27/2012

Florida Trend Exclusive
Biorhythms: The state of biotech in Florida

From startups to success stories to stumbling blocks, here is the latest on the state of biotech in Florida:

Randy Scott
Randy Scott offers tips for biotech entrepreneurs looking for startup financing. [Photo: Jon M. Fletcher]

» Florida Bio-Success Stories: Some Florida firms, using private financing, successfully generate power using biomass

» Biomass Energy is fueling a backlash: Delays in construction of biofuel plats fuels critics' appeals to dismantle Florida's Renewable Fuel Standards

» Biofuel Projects -- Barely a Pulse: Chart showing private biofuel projects that have received state grant money in the past five years.

» Financial Lifeline for Biotech Companies in Florida: The federal government funds the startup research of most biotechs. After that, private investors step in with R&D funding.

» Fits & Startups: Investment Capital for Early-stage Biotech Companies

» Florida research institutes are power players in biotech: The state's major researchers are getting comfortable and attracting millions in grant money.


Hospitals compete for the well-off with fancy amenities

Patients who want to be pampered can order an upscale suite at a South Florida hospital, spending as much as $800 a night as they heal in luxury. Designer linens, fine china, flat-screen televisions, extra beds and meals for guests: these are some of the perks available in South Florida's deluxe hospital accommodations, at rates ranging from $150 to $800 a night on top of what insurance pays. [Source: South Florida Sun-Sentinel]


No storms, but insurers keep socking it away

To Florida homeowners, it seems like there is only one thing worse than a bad storm to make them dread opening their insurance bills: Years of calm. Private-sector insurers have long since collected more in premiums - nearly $40 billion through 2010 - than the $28.8 billion they paid in direct losses during and since the hurricanes of 2004 and 2005, industry data shows. Yet consumers see no let-up in the push for higher premiums, and cutbacks in coverage and discounts. [Source: Palm Beach Post]


Want a summer job? Start looking now

Though summer may seem a world away to most teens, now is the time to begin laying the groundwork if you want a job during school break. In December 2011, unemployment stood at 10.3 percent in Miami-Dade County and 8.6 percent in Broward. Displaced adult workers are now competing with teens for some of the same jobs, said Olivia Almagro, spokeswoman for South Florida Workforce. [Source: Miami Herald]


Big disparities in utility rates may stunt Florida's economic growth

The gap between the highest and the lowest price is enormous. And it may grow larger in coming years. The difference has grown so noticeable that it may start influencing where people and new business choose to live and operate. [Source: Tampa Bay Times]


ALSO AROUND FLORIDA:

› South Florida’s colleges provide an economic jolt to the region
South Florida’s colleges and universities are lifting the economy — employing tens of thousands and providing a multi-billion-dollar economic impact.

› Jaguars owner Shahid Khan ready to sell First Coast around the world
Business leaders are keen on using Jaguars owner Shahid Khan’s global connections to gain more attention and jobs from international firms. Khan said he’s ready to do that.

› The South Florida house that became a fraud machine
If South Florida was the capital of mortgage fraud, Victor Wolf’s home was arguably the epicenter, churning out millions in ill-gotten loot.

› Things are looking up in downtown Gainesville
Downtown business owners say momentum is building as new restaurants, bars and other businesses provide more options that are drawing more people. They also credit coordinated efforts to keep sidewalks and streets clean and to address negative perceptions about downtown by offering valet parking and curtailing panhandling.


Go to page 2 for more stories ...

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Florida Business News

  • Breaking News: Nova Southeastern University calls $200 million commitment from Patel Family 'transformational'

    Today, Nova Southeastern University (NSU) announces the largest philanthropic gift in its history from Tampa-area cardiologist Dr. Kiran C. Patel and his wife, pediatrician Dr. Pallavi Patel. The commitment from the Patel Family Foundation includes a $50 million gift and an additional $150 million for real estate and facilities. The money will be used to expand the university's programs in osteopathic medicine and health care sciences, and also to develop a new 27-acre campus for NSU in Clearwater, Fla. The Patels are renowned in Florida for their philanthropy, community service and entrepreneurship.

    “This gift and additional investment will enrich NSU’s ability to educate highly-qualified physicians and health care professionals who understand how the medical disciplines can and must work together. These future leaders will represent the cultural diversity of our region, our nation and our world so that they can better serve their patients and communities,” said NSU President Dr. George Hanbury.

    Their $50 million gift, one of the seven-largest to any Florida university in history, catapults NSU to more than 84% of its goal to raise $250 million by 2020 for its Realizing Potential philanthropic campaign.

    Read more at the news release, here.

Florida Trend Video Pick

Haunted maze at Merritt Square Mall
Haunted maze at Merritt Square Mall

Take a tour behind the scenes at the Frightmaze Hotel at the Merritt Square Mall.

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