FloridaTrend.com, the Website for Florida Business

Tuesday's Daily Pulse

Efforts to cut "epidemic" of ID theft

As Floridians rushed to file their taxes on Monday, congressional lawmakers said they would push for tougher laws to help cut down on what law enforcement officials continue to call an "epidemic" of tax-related theft in the region. More than South Florida Sun-Sentinel and CBS Miami.

Christina Doss
» More advice from Doss, and other wealth managers here.
“We want to make sure we’re focused on long-term needs rather than reactive to short-term swings.”
~ Christina Doss, Managing Director for Private Wealth Management, North Florida, SunTrust Private Wealth Management, Jacksonville

Florida Trend Exclusive
Wealth management: Retirement planning

Traditional retirement -- leaving work at 65 to boat or play golf -- is quickly becoming a thing of the past, as people live longer and want different things from their retirement years. But most people underestimate what it costs to retire. To help you plan, Florida Trend asked wealth managers:
How are you helping your clients to avoid being underfunded in retirement?

Go to story.

Are Americans really moving to low-tax states?

PolitiFact analyzed data to see if low tax burden states tended to have high inflows, and if high tax burden states tended to have large outflows and then took the 20 states with the biggest rate of out-migration and the 20 states with the biggest rate of in-migration and checked how they ranked on tax burden. The results, it turns out, are pretty mixed. [Source: Tampa Bay Times]

Arts, biz find it's a good fit working together

The PNC/Space Coast Symphony Orchestra relationship is a model that’s being copied all over Brevard County and the United States. As public funding sources, including grant money for the arts, become scarcer and access to what money is available become more competitive, businesses of all sizes are stepping into fill some of that void. [Source: Florida Today]

Consumer groups oppose insurance bill

Consumer groups urged state lawmakers Monday to oppose property insurance legislation that could lead to substantial rate increases. The bill is up for a final vote in the Senate Tuesday after moving quickly through the committee process with little opposition. Sean Shaw, the state’s former insurance consumer advocate, called it “surprising” that the legislation “has flown through with such little resistance.” [Source: Sarasota Herald-Tribune]


› Firm wins $195M SunRail contract
An international conglomerate said Monday it won a $195 million operations and maintenance contract for the SunRail commuter train that will run through Central Florida starting in May 2014. The agreement with Bombardier covers 10 years, according to a news release.

› Darden CEO's advice: Work hard, be sociable
When plotting a career path, don't worry too much about titles and don't be afraid to talk about your children at work, Darden Restaurants Chief Executive Officer Clarence Otis told female professionals Monday at an industry gathering.

› Miami among the ‘South’s Tasty Towns’
Southern Living has named Miami one of the South's Tasty Towns, calling the city a "culinary Mrs. Robinson" for its maturity, refinement and sex appeal laced with a Southern accent.

› Museum rebrands itself as The Ringling
Employees at The John and Mable Ringling Museum of Art arrived at work Monday to new boxes of business cards and a gift shop stocked with T-shirts, coffee mugs and ball caps emblazoned with the museum's new name: The Ringling.

Go to page 2 for more stories ...

› Hard Rock announces $10M guarantee tournament
The Seminole Tribe of Florida is going all-in with poker, announcing Monday it will launch a $10 million guaranteed tournament. The tournament, called the Seminole Hard Rock Poker Open, will run Aug. 22-29 at the Seminole Hard Rock Hotel & Casino in Hollywood and cost $5,300 to enter.

› Fort Lauderdale peers into crystal ball to 2035
Could the 2032 Summer Olympics be in the city's future? According to a new vision for the city that commissioners will consider Tuesday, it's possible, as are an aquarium, a zoo and even converting the Broward County jail into housing for the downtown's growing workforce.

› Pine Tree Equity closes on $100 million fund
Pine Tree Equity, a private equity firm based in Miami, said on Monday that it closed its third private investment fund of $100 million. The latest fund was “materially oversubscribed beyond its $100 million cap,” the company said.

› Magic celebrate 25th anniversary with new logo
The Magic will celebrate their 25-year anniversary as an NBA franchise next season with a new logo and also wear throwback replica jerseys from their 1989-90 expansion season. "The logo celebrates the great 25-year history of the franchise," Magic CEO Alex Martins said. "We've had great success.