Florida Trend | Florida's Business Authority

Wednesday's Daily Pulse

Florida construction companies anticipate more work in 2017, but labor shortage looms

The "Help Wanted" sign is popping up at construction sites around Florida. Most Florida contractors say they plan to boost their workforces by 25 percent this year, but that's the same level as a year ago -- even though work is booming and more is anticipated in 2017. More from the South Florida Sun-Sentinel, the Tampa Bay Times, and WFTS.

As more states set aggressive hikes in minimum wages, Florida pay starts to lag

Florida's long been branded as a low wage state. Now it may soon become known as a low minimum wage state, too. That's apparent when Florida is compared to the 28 other states whose minimum wages are higher than the $7.25 an hour minimum wage set by the federal government. [Source: Tampa Bay Times]

How Florida minimum wage is falling behind
STATE MIN. WAGE 2017 VS. 2016 WAGE GAIN OVER ONE YEAR TOTAL ANNUAL PAY
Florida $8.10, up 5 cents $104 $16,848
Arizona $10, up $1.95 $4,056 $20,800
California* $10.50, up 50 cents $1,040 $21,840
Illinois** $8.25, stays $8.25 $0 $17,160
Michigan $8.90, up 40 cents $832 $18,512
Washington $11, up $1.53 $3,182 $22,880
Ohio $8.15, up 5 cents $104 $16,952
New York*** $9.70, up 70 cents $1,456 $20,176
21 States*** $7.25 federal min. wage $0 $15,080
* For California business with 26 or more employees. Smaller firms remain at $10.
** No change for Illinois, but Chicago's wage is $10.50, rising 50 cents every July through 2019. *** New York's minimum wage is higher in New York City and several nearby counties. **** States lacking a minimum wage or with ones less than federal minimum must pay $7.25.

Florida House set to look for ways to cut budget

House members are expected to consider how they would cut the state budget by anywhere from $1.1 billion to $2.2 billion as part of an exercise toward making the next spending plan balanced. [Source: WJXT]

Gov. Scott: Florida should cap fees at colleges and universities

Dubbing his new higher education agenda "Finish in Four, Save More," Scott outlined his pitch on Tuesday for more affordable degrees and a quicker path to graduation. He wants to freeze all fees at state colleges and universities and broaden Bright Futures scholarships to cover summer classes. See a summary of Gov. Scott's “Finish in Four, Save More” legislative and budget initiatives, here. Also read more at the Gainesville Sun, and the AP.

Your turn:
» Do you support Gov. Scott's new higher ed plan (quick poll)

Despite shootings and Zika, Florida tourism remains strong

Despite two cases of open-fire shooting in less than a year and the emergence of the Zika virus, any damage to Florida’s travel market because of the events seems to be minimal, and several indicators show that tourism to the state is thriving. [Source: New York Times]

See also:
» Florida needs tourism marketing, industry officials say

ALSO AROUND FLORIDA:

› Glitches leave Florida Blue policyholders showing as canceled in system
Computer glitches have resulted in thousands of Florida Blue health insurance policyholders being told they have no insurance — forcing some to cancel appointments or pay full price for medical services in hopes of being reimbursed later.

› Florida board votes to accept Patriots Point submarine for underwater attraction
Patriot Point's Cold War submarine is another step closer to becoming an underwater attraction for marine life and divers off the coast of Florida.

› Bradenton Area EDC hires former Enterprise Florida manager
The Bradenton Area Economic Development Corp. has hired a former regional manager for international trade development at Enterprise Florida Inc. to serve in a new position as director of business development.

› Orlando team helps tech firm make CES splash
A platform meant to simplify Miami-based Carnival Cruise Line customers' experience in much the same way Walt Disney World's MagicBand tech has is embedded with technology built in Orlando.

Go to page 2 for more stories ...

› Sanibel Captiva Bank branch opens in downtown Fort Myers
The Greater Fort Meyers Chamber of Commerce announced the opening of a Sanibel Captiva Community Bank branch in downtown Fort Myers.

› Tax exemption lures new manufacturer to Port Manatee area
On Tuesday, the County Commission unanimously approved a temporary property tax exemption for Allied New Technologies 2 as an incentive for it to locate in the county.

› Valpak plans significant expansion under new owner Platinum Equity
Changes are afoot for Vakpak and its Savings.com. Their president and CEO, Michael Vivio, said in an interview Monday that the sale signals an expected expansion of his companies with a new owner expected to significantly invest in its new acquisitions.

› This relatively unknown town in Florida has become a playground for the richest of the rich
Every winter, the small town of Wellington, in southeast Florida, experiences a tremendous influx of some of the wealthiest people in the world.