March 28, 2024

Wednesday's Daily Pulse

What you need to know about Florida today

| 10/4/2017

A decade after Great Recession started, Floridians still feel economic pinch

Floridians financially stressed

Florida’s unemployment rate is near its lowest point in 10 years, at just 4% in August. 1 Even so, 60% of Floridians say they are feeling financial stress in their household, according to the 2017 USF-Nielsen Sunshine State Survey. The biggest threat to Florida’s economy, Floridians say, is the lack of well-paying jobs – and their concerns are on the rise. See the Sunshine State Survey summary and the survey's full data.

Your turn: How much financial stress is your household facing today? (quick poll)

Floridians' consumer confidence shaken by hurricanes

Consumer confidence among Floridians dropped in September as unease over short-term economic conditions rose sharply, according to the University of Florida's monthly consumer sentiment index. See stats at the news release, here. Also read more at the Tampa Bay Times.

Florida Trend Exclusive
Boundless success: Targeted industry sectors

Business Florida

Florida offers businesses across all industries the resources they need to prosper and grow. These advantages have helped Florida retain its position as the second best state for business, as determined by the votes of C-Suite leaders, in Chief Executive magazine’s “2017 Best and Worst States for Business” for five consecutive years.

» See industry snapshots in BusinessFlorida.com (9 in all), includes major employers for each industry. (Coming tomorrow, Florida's top assets.)

Federal grants to Florida scientists top $600 million, breaking record

Florida scientists secured a record haul of grants from the National Institutes of Health this year — an impressive performance driven not by the nonprofit labs lured with more than $1 billion in public subsidies but by long-established universities. [Source: Palm Beach Post]

From Florida Trend's "Research Florida:"
» Funding Florida's research -- Updates and lists that show top National Science Foundation (NSF) grants -- which institution received how much -- as well as top National Institutes of Health (NIH) grants for 2017.

Enterprise Florida could give employee pay raises

Enterprise Florida President and CEO Pete Antonacci advised members of the agency's Finance and Compensation Committee on Friday of recommended increases as a way to keep employee salaries competitive with the private market. [Source: WJXT]

ALSO AROUND FLORIDA:

Andy Corty Andy Corty

Florida Trend Publisher's Column
› A state of small businesses

Florida is a state of small businesses, many of which rely on community banks to help run their operations. Yet consolidation has left the state with fewer and fewer community banks — as our Economic Backbone feature points out.

› Nelson files tax-relief bill to help victims of hurricanes
U.S. Sen. Bill Nelson, D-FL, has filed legislation to provide some much needed tax relief to individuals and small businesses hit hardest by Hurricanes Irma and Maria.

› Health coach sues Florida Department of Health
A Florida health coach is suing the state Department of Health because she was forced to shut down her diet advice business. The lawsuit claims that the state is violating her first amendment rights to free speech by not allowing her to talk with clients about nutrition.

› Jacksonville’s Fanatic sports apparel retailer hires e-commerce exec to handle international sales
Jacksonville-based Fanatics Inc. has hired an e-commerce executive to handle the company’s international division for sales. Steve Davis has been appointed president of Fanatics International.

Go to page 2 for more stories ...

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Florida Trend Video Pick

Bitter-to-swallow cocoa costs force chocolate shops to raise prices
Bitter-to-swallow cocoa costs force chocolate shops to raise prices

Central Floirda chocolate shops are left with a bitter taste as cocoa prices hit an all-time high earlier this week.

Video Picks | Viewpoints@FloridaTrend

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