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Tuesday's Afternoon Update
What you need to know about Florida today
Tech and manufacturing driving growth in Florida and other Southern U.S. markets
Technology has become integral to the South’s economic well-being and is becoming a factor in real estate development in areas that had not been known for high tech. New business and new jobs are essential to expansion. In Florida, economic growth and robust development are being reported from coast to coast. More from Urban Land.
Wells Fargo says 137 Central Florida layoffs not tied to offshoring
Wells Fargo is taking fire for laying off 137 people in its mortgage division in Orlando while it expands operations overseas. The bank said allegations by the Communications Workers of America union that recent jobs in its mortgage division are being moved out of the country are “completely inaccurate.” More from the Orlando Sentinel.
Spending diet coming for city of Fort Lauderdale
Fort Lauderdale will kick into budget-cutting mode for the first time in years. On the potential chopping block: vacant city jobs, financial support for nonprofit organizations and park improvements. More from the South Florida Sun-Sentinel.
Morgan & Morgan to file first lawsuit after Jacksonville mass shooting
Morgan & Morgan, an Orlando-based law firm, will announce its intent today to file a lawsuit on behalf of one of the victims in the mass shooting at a Jacksonville video-game tournament. More from the Orlando Sentinel.
Florida company buys downtown Denver Ritz-Carlton for $100M
An Orlando, Florida-based hotelier has added to its downtown Denver holdings with the purchase of the Ritz-Carlton hotel for $100.25 million. Xenia Hotels & Resorts Inc. announced the deal, which works out to $496,000 a room, Monday. More from Business Den.
Rankings
Miami region gets B+ as Amazon HQ2 site
The Miami metro region gets an overall B+ grade as the site Amazon might choose for its second headquarters, according to a CNBC ranking. The region is among 20 finalists for Amazon HQ2, as it is being called.
» More from the South Florida Sun-Sentinel.
Profile
Sarasota’s Jim Abrams, ‘accidental entrepreneur’
Over his long and prosperous career, various publications have called Abrams the Franchise Emperor; the Pied Piper of Plumbers, Air Conditioning Repairmen and Electricians; and the Dale Carnegie of HVAC Success. Abrams describes himself as an “accidental entrepreneur.” Some say there’s no such thing as coincidence. His wealth is a testament to his insight, intelligence and commitment, as are his Entrepreneur of the Year awards.
» Read more from the Sarasota Herald-Tribune.
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