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Tuesday's Afternoon Update

Infrastructure woes could cost millions of jobs

A study released on Tuesday by the American Society of Civil Engineers says the cost of America's deteriorating infrastructure in terms of lost jobs would be 3.5 million by 2020. It also projected a cumulative loss of $3.1 trillion in economic output over the same period without $1.1 trillion in additional funding for infrastructure projects. More at Reuters.

Florida Trend Exclusive
A tour of Florida's winter wine festivals

This month uncorks the 2013 vintage of Florida winter wine tastings packed with A-list guests and five-star bottles on both coasts from South Beach to St. Petersburg. Florida Trend's Restaurant Editor Chris Sherman sends notice of the best of the best wine festivals around the state. Full story.

City of Alachua boasts strong economy

Sounding Board

The Year Ahead: Five Key Sectors

Adria Starkey, COO of Sanibel Captiva Trust Co. tells us:

"We had a very strong 2012. We exceeded plan across the board. I have to believe 2013 is going to be a better year."

» Read more from her and other Florida execs.

The City of Alachua is a place of economic contrasts. Cowboys work cattle on horseback (like their families did in the 1860s) while cutting-edge companies are providing cures that benefit hundreds of thousands. Three distribution centers within the sprawling city employ 1,500 workers and generate an annual payroll of $65 million, while businesses in the historic downtown specialize in everything from the martial arts to used clothing. More at the Gainesville Business Report.

Wayne Huizenga: his story is history

The Fort Lauderdale Historical Society recently announced the opening of a new exhibit showcasing Fort Lauderdale's business history over the past 50 years. The mementos and video history displayed focus special attention on H. Wayne Huizenga, who launched Waste Management in the 1960s with a single garbage truck and today oversees a major business empire. More at the South Florida Sun-Sentinel.

Related Florida Trend Archived Content
» Florida Icon: Wayne Huizenga

Global entrepreneurship nonprofit Endeavor coming to Miami

The Knight Foundation will donate $2 million in funding to launch the first U.S. center for global nonprofit Endeavor. Endeavor is a global nonprofit organization that promotes high-impact entrepreneurship in emerging and growth markets. The office will serve Miami entrepreneurs. More at the Miami Herald.

Phoenix Air USA

phoenixairusaPhoenix Air USA, a new company at Melbourne International Airport, is now selling motorized gliders. “This is a uniquely versatile aircraft,” said Jim Lee, owner of Phoenix Air USA. “Not only does the Phoenix allow for incredibly efficient and affordable flying, on top of that, you can go soaring. I would say it’s the wave of the future.”

» Full story from Florida Today
» Phoenix Air USA site