Florida Business News
- Business advocates give thumbs up to Florida eliminating business rent tax
The move by the Legislature to eliminate the state business rent tax is drawing high praise from business advocacy groups. Some local governments say it will hurt municipalities because of lost tax revenue.
- Jabil to invest $500 million in new AI infrastructure
Jabil, an electronics manufacturing company based in St. Petersburg, will invest $500 million over the next several years to expand its cloud and artificial intelligence data center infrastructure.
- Jacksonville tourism leaders roll out ambitious plan
Downs & St. Germain recently presented six key investment strategies for the Duval Tourism Development Council and Visit Jax to further extend tourism in Jacksonville and Duval County.
- St. Pete insurance startup picks up 12K Citizens policies
St. Petersburg-based Patriot Select Property and Casualty Insurance Co., which started selling policies earlier this month, has picked up nearly 12,000 homeowners “multi-peril” insurance policies from Citizens Property Insurance Corp.
- Miami hotels hit rough patch but avoid cutting rates
Despite the hotel industry anticipating a slowdown, Miami is expected to overcome headwinds. A lot of uncertainty revolves around the outlook for the summer.