Florida Trend | Florida's Business Authority

Friday's Daily Pulse

Can millennials save the U.S. economy?

The U.S. economy could get a boost from an unlikely source: millennials — despite many factors working against them. The share of working-age Americans has started to shrink, while at the same time, people are living longer and need financial support in their old age. [Source: Market Watch]

See also:
» Millennials begin buying cars, help boost sales in big ways
» How to hire Millennials in today's aging mortgage industry
» Millennials embrace the side job economy
» Millennials are swimming against the economic tide

Chip-card technology slow to find some retailers, restaurants

Despite growing risk, many retailers cite cost and inconvenience for being months late when it comes to adopting more secure chipped credit card technology. [Source: Orlando Sentinel]

The big business behind the adult coloring book craze

Coloring books for adults -- a genre once considered little more than a novelty -- are suddenly a big business, a bright spot in the financial results of publishers and retailers alike. Nielsen Bookscan estimates that some 12 million were sold in 2015. [Source: Washington Post]

Federal cuts for Florida healthcare mean hospitals could lose millions

Facing a drastic cut in federal healthcare dollars for the uninsured beginning in July, the Florida Legislature has proposed a new model — set to be finalized this week — for distributing the smaller pool of cash and encouraging hospitals to cooperate. [Source: Miami Herald]

Watchdog group: Florida gives too much incentive money to large companies

Florida lawmakers were “prudent” in rejecting Gov. Rick Scott’s request for $250 million in economic incentives last month, says a new report by a Washington D.C. non-profit that tracks public spending for jobs creation. [Source: South Florida Sun-Sentinel]

ALSO AROUND FLORIDA:

› Florida Surgeon General John Armstrong to lose his job
Gov. Rick Scott’s top health officer, Dr. John Armstrong, will lose his job Friday after the state Senate refused to confirm him in a rebuke to a governor-appointed agency head not seen in more than 20 years.

› Tallahassee not the only town with 'sine die' traditions
Tallahassee is devoted to certain traditions on “sine die,” the final day of the yearly legislative session, but it’s the not only state that has them.

› Spring break is a bust for Panama City Beach tourism
Some people are happy because they believe Panama City Beach's image needed to change, but others in the tourism industry say the loss of revenue is taking a toll on their business.

› Workshop to help former owners boomerang back to home buying
South Florida residents who lost their homes to short sales and foreclosures during the housing crisis can learn Saturday how to get on the path back to homeownership.

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› Cocoa eyed for possible All Aboard Florida train station
Brevard County officials hope All Aboard Florida builds a train station near Clearlake Road in north Cocoa, offering passengers quick access to Port Canaveral, the beach, State Road 528 and U.S. 1.

› Intertape posts profits of $17.5 million in fourth quarter
Intertape Polymer Group Inc., the Canadian packing company with its executive offices off Fruitville Road in Sarasota County, on Thursday reported fourth-quarter profit of $17.5 million.

› HeyCuba Hackathon aids to expand Internet access on island
Florida Vocational Institute’s Miami campus and non-profit Apretaste are hosting more than 100 coders for the HeyCuba Hackathon aiming to expand Cuba’s Internet access.

› Plan to regulate Uber, Lyft all but dead in Florida Legislature
After months of arguing over how to regulate companies like Uber and Lyft, state lawmakers are back where they started: a lingering disagreement that is likely to drive the bill off a cliff today, the last day of the legislative session.