June 25, 2016

Friday's Afternoon Update

What you need to know about Florida today

| 6/24/2016

The ripple effect of Brexit in Florida

Trade, travel and real estate in Florida are just three areas that will be impacted after Britain voted to exit the EU today. Examples: As the British pound drops, traveling from England to Florida will become more expensive. The value of the Euro compared to the U.S. dollar is likely to fall as well. Because of this, Floridians who travel abroad will find better deals. In terms of real estate, downturns in British investment in Florida may be mitigated because the market has gotten stronger. In terms of trade, Jerry Parrish, chief economist for the Florida Chamber Foundation, said, "Imports from the U.K. should now become cheaper. Currently, Florida imports twice as much as it exports to the U.K." Analysis from the Florida Chamber is here. Also read more at the Tampa Bay Times.

» In the wake of Brexit vote, Florida tourism officials fret over loss of U.K. visitors

Florida consumer sentiment trends downward for three months despite some good economic news

Consumer sentiment among Floridians dropped again in June to 89, one point down from May’s revised reading and tied with September 2015 for the lowest reading in the last 18 months, according to the latest University of Florida consumer survey. Of the five components that make up the index, three decreased and two increased. Full story here.

SBA economic injury disaster loans available in Florida following violent attack and related investigation

The U.S. Small Business Administration announced that federal economic injury disaster loans are available to small businesse located in certain Florida counties as a result of the violent attack beginning June 12, 2016 and continuing. Find out more about loans from the SBA here.

Tampa's MacDill Air Force Base loses out on economic boost from next round of aerial tankers

The newest Air Force refueling tankers and the economic boost they are expected to deliver will not be coming any time soon to MacDill Air Force Base. The Air Force on Thursday announced a list of five bases from Delaware to California that are being considered to house a second round of new KC-46 Pegasus refueling jets. More from the Tampa Bay Times.

Hotel brands like Miami better than New York for first U.S. sites

To the eyes of hoteliers around the world, Miami has grown up to be the attractive, well-positioned global city they hoped it would be. With all the factors now aligned, they are packing their bags for South Florida. More from the Miami Hotel.

Summer and early fall look ‘excellent’ for Jacksonville economy

Fourteen years after starting the University of North Florida’s Local Economic Indicators Project (LEIP) to provide more comprehensive data on Jacksonville’s economy, Paul Mason is leaving UNF. But at least he’s leaving LEIP, and the local economy, in good shape. More from the Jacksonville Daily Record.

Florida Law
Schifino becomes the Florida Bar's 68th president

William J. Schifino, Jr. Tampa attorney William J. Schifino, Jr. was sworn in as the 68th president of The Florida Bar at its Annual Convention on June 15 to 18 in Orlando. The swearing-in took place at the General Assembly on Friday, June 17. Miami attorney Michael J. Higer was sworn in as president-elect. Higer will become Bar president in June 2017. Full statement from the Bar here.

Related, from Florida Trend:
» Florida Legal Elite 2016

Business Profile
Man Cave Barbershop

man cave barbershop Dana Miller works by the mantra “look good, feel good.” Very soon, he’ll be able to spread that goodness and confidence across Jacksonville. Miller is owner of The “Man-Cave” Barbershop in Eastside and has recently converted a shuttle bus into what he calls “The Mobile Grooming Experience.”

» More from the Florida Times-Union

Tags: Daily Pulse, Afternoon Pulse

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


Florida Trend Video Pick

A broken childhood inspires purpose
A broken childhood inspires purpose

Nelson F. Hincapie, President & CEO of the Voices For Children Foundation, has worked directly with hundreds of children in foster care and many who are aging out of the system.

Earlier Videos | Viewpoints@FloridaTrend

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