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August 18, 2018

Wednesday's Afternoon Update

What you need to know about Florida today

| 5/23/2018

Florida to tap $19 million in federal cyber-security money after all

A few hours after Florida's chief elections official Ken Detzner stated there would not be any federal monies coming to help protect elections this fall, Gov. Rick Scott issued an order directing the Florida Department of State (DOS) to draw down $19 million in federal funding. The money, which would be used to further enhance cybersecurity, was part a federal spending bill signed earlier this year. The bill included $380 million for states to harden their election systems against the ongoing threats of cyber-attacks before the 2018 election. See the news release here.

St. Petersburg’s Jabil expands in Israel with new innovation center

St. Petersburg-based contract electronics company Jabil announced Wednesday it has expanded in Israel by opening an Optics Technology Innovation Center. The 2,000-sqaure-foot complex is in Haifa, Israel’s third-largest city. More from the Tampa Bay Times.

Pratt & Whitney to add 215 jobs in $100 million Palm Beach County expansion

Jet engine developer Pratt & Whitney said Wednesday it would add 215 jobs by 2020 in a $100 million expansion at its campus in northwestern Palm Beach County. The new investment will support the expansion of the campus and new equipment needed for manufacturing, engineering, and the development of new technologies. See annnouncements from Pratt & Whitney or Gov. Rick Scott. and read more at the South Florida Sun-Sentinel.

Top Florida banker’s push for regulatory relief pays off

The chair of the Florida Bankers Association is cheering Congressional passage of a bill that rolls back some of the banking regulations enacted in the wake of the financial crisis a decade ago. Bankers have said the Dodd-Frank restrictions meant they had to hire more compliance officers to ensure they were following the law. More from the Tampa Bay Business Journal.

The evolution of Spirit Airlines

Spirit built its business by competing on price. It breaks down ticket prices and charges extra for all kinds of things traditional airlines include -- like printing boarding passes and on-board snacks. The strategy has helped Spirit to have one of the highest profit margins among U.S. airlines. More from WLRN.

Rail project creates division in Florida’s congressional delegation

 In separate letters, Florida delegation members urged U.S. Transportation Secretary Elaine Chao to support or suspend $1.15 billion in federally-authorized tax-exempt bonds that Brightline's parent company, All Aboard Florida, intends to use to finance a northern expansion of the service through the Treasure Coast to Orlando.

» More from the Tampa Bay Times.


Arts and Culture
Art Basel’s owners plan Grand Basel car show in Miami Beach

floridaThe owners of Art Basel are driving a powerful new annual show to Miami. Grand Basel is to debut Feb. 22-24, 2019, at the Miami Beach Convention Center, slated to reopen this September after renovations. Grand Basel is to showcase about 200 old and new luxury cars that the show’s spokesmen say are more than just vehicles: they’re art.

» Read more from Miami Today.

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Florida Trend Video Pick

USA’s biggest palm collection faces future of sea level rise
USA’s biggest palm collection faces future of sea level rise

Montgomery Botanical Center in Miami has the country’s biggest collection of palms and cycads. After Hurricane Irma, the garden’s director wondered what it would look like with a century of sea level rise.

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