The millennial generation — ages 14 to 34 — is the first in modern times to have higher levels of poverty and unemployment than its two immediate predecessors, the Gen Xers and the baby boomers, had at the same point in their lives. And the long-term prognosis for prosperity has been slipping since 1999. [Source: Orlando Sentinel]
Florida's most northern region is arguably its most southern -- historically, architecturally and economically. The area's economy is dominated by tourism, agriculture and a huge military presence. The 12 counties included in this portrait are: Escambia, Santa Rosa, Okaloosa, Walton, Holmes, Washington, Jackson, Bay, Calhoun, Liberty, Gulf and Franklin. See the full community portrait.
Billionaire casino magnate Sheldon Adelson is helping a group that wants to defeat a constitutional amendment that would allow the use of medical marijuana. The group pushing the amendment to allow medical marijuana is primarily being funded by Orlando trial attorney John Morgan. Read more at the AP, the Tampa Bay Times and see also:
We live, work and play in two worlds today – in person and online. They are equally important, inter-dependent and mutually beneficial. The importance of consistent, qualified, dedicated networking can never be stressed enough as a requirement, not an option today. [Source: Small Business Trends]
Florida's prepaid tuition plan is going to get cheaper. Gov. Rick Scott on Monday signed into a law a bill that restricts state universities from being able to raise tuition above the rate set each year by legislators. [Source: AP]
ALSO AROUND FLORIDA:
› Space tourism on its way to KSC [Florida Today]
A company developing a suborbital space plane hopes to start flying customers from Kennedy Space Center's former shuttle runway in 2016.
› FAU launches program to mentor startups [South Florida Sun-Sentinel]
New startup companies will get mentoring, office space and other help through a new program at Florida Atlantic University called Tech Runway. About $1 million was earmarked for FAU's program in the 2014-2015 state budget recently signed by Gov. Rick Scott.
› Group encourages young professionals to remain in South Florida [Miami Herald]
South Florida has had a “brain drain” problem for years. The region ranks seventh in the nation when counting college students per capita, but the Miami metro area measures poorly when it comes to residents aged 25-34 with a bachelor’s degree — only 29 percent in 2012.
› 'Graceland' brings Southern California to Florida [AP]
It's long been a point of some annoyance and confusion for South Floridians when a television series set in their region - such as "CSI: Miami" or "Dexter" - is actually filmed in California. But for the USA Network series "Graceland," the reverse is true.
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› Report shows Evolucia's deep financial woes [Sarasota Herald-Tribune]
Evolucia Corp., the high-efficiency lighting company that imploded in April, is looking for ways to protect its patents while facing a financial spiral, according to its recently released annual report.
› Silver marks 1-year milestone [South Florida Sun-Sentinel]
It's been a year since Silver Airways launched itself as an independent carrier with the rollout of its own reservations system and an enhanced website to allow travelers to purchase tickets directly from the carrier.
› Defected ballerinas: We had no future in Cuba [AP]
Seven dancers with the Cuban National Ballet say they've come to the U.S. because they had no future in Cuba. The dancers spoke Tuesday in Miami after fleeing following a performance in Puerto Rico.
› Tech company acquires Miami's Simplikate [South Florida Business Journal]
Austin, Texas-based tech company Phunware acquired Miami's Simplikate, which will keep its offices in South Florida.