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Wednesday's Daily Pulse
What you need to know about Florida today
Florida Trend Exclusive
Florida's 5G technology revolution is coming
The technology that enables connectivity on mobile devices is in its fourth generation — 4G. That technology made mobile internet speeds up to 500 times faster than the previous generation; it enabled fast internet browsing on phones and tablets and enabled those mobile devices to receive high-definition images and make high-def video calls. Big telecom companies like AT&T, Verizon and Sprint are now beginning to roll out the next iteration of mobile technology — 5G — that promises even faster connectivity. Read more here and see related content below:
» Florida companies building 5G infrastructure are ramping up hiring
» Florida Legislature and local 5G technology issues
Arts funding gets a boost in Florida budget
Arts and culture organizations across Florida will get far more money in the new state budget than they did last year, but much less than was requested to fully fund hundreds of programs and operations. The state budget approved by the Legislature last weekend and awaiting a signature from Gov. Ron DeSantis, would provide $21.25 million, about eight times more than the $2.65 million allocated for the current year. [Source: Sarasota Herald-Tribune]
Hong Kong toolmaker chooses Fort Lauderdale for new U.S. headquarters
Techtronic Industries — the maker of many tools and popular appliance brands — is moving its U.S. headquarters to Fort Lauderdale, which business development officials say is another corporate headquarters win for the region. The Hong Kong-based company is behind brands such as Ryobi and Milwaukee power tools, as well as Hoover, Oreck and Dirt Devil vacuum cleaners. [Source: South Florida Sun-Sentinel]
7 reasons why Tampa is one of 7 up-and-coming culinary destinations
The secret is out. Tampa’s food scene isn’t just for bay area residents and the casual visitor any more. The city, with its cornucopia of culinary contributions, is gaining a reputation as one of the top up-and-coming culinary destinations in the United States. Travel website TripAdvisor recently named Tampa — along with Birmingham, St. Louis, Richmond, Dallas, Kansas City and Indianapolis — as one of seven such up-and-comers, joining dozens of other publications in acknowledging Tampa’s growing dominance as a dining destination. [Source: Tampa Bay Times]
A Mexican tomato beef could lead to a bigger trade battle
The Commerce Department is expected to decide Tuesday to end the U.S.-Mexico tomato agreement, giving Florida tomato growers a long-sought victory and fueling another potential U.S. trade dispute with its southern neighbor. The department gave Mexico a 90-day notice in February that the U.S. planned to withdraw from the most recent agreement negotiated between the two countries in 2013. More from Roll Call and the Packer.
See also:
» Tomato prices expected to nearly double, study says
ALSO AROUND FLORIDA:
› 2019 Cade Prize announces the final four teams
The Cade Museum for Creativity & Invention today announced these Final Four Cade Prize Competition Finalists: Anchor Biologics (Gainesville, FL), Capacitech Energy (Orlando, FL), ExtremeComms Lab (Fort Lauderdale, FL), and Path Optical Systems, Inc. (Orlando, FL). The Cade Prize, established in 2010, has become Florida's pre-eminent invention and innovation competition.
› Fast-growing grocer plans another new store for Tampa Bay area
Sprouts Farmers Market has announced plans to open its latest Tampa-area store on the northeast corner of Linebaugh Avenue and Sheldon Road in Westchase. The fast-growing, Phoenix-based specialty grocery chain has made a big push into Florida.
› SeaWorld Orlando to give out free beer again as attendance keeps growing
Free beer is back this summer at SeaWorld Orlando. The company announced the fan-favorite promotion will return in June during Tuesday’s earnings call during which it reported that SeaWorld parks’ attendance and revenue rose for the fifth straight quarter.
› Sales, profits climb at Helios Technologies
Acquisitions completed last year pushed first-quarter sales and profits higher at Helios Technologies Inc. Helios, formerly known as Sun Hydraulics Corp., posted net income of $16.4 million, or 51 cents per diluted share, for the first three months of 2019, compared with $11.9 million, or 40 cents, a year earlier when fewer shares were outstanding.
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