Wednesday's Afternoon Update
What you need to know about Florida today
Entrepreneurs are flocking to Florida. What you need to know about its startup scene
Florida's reputation as a top destination typically stems from its beaches, theme parks, and picturesque retirement communities attached to golf courses. In recent years, the state also has become a draw for entrepreneurs seeking a different type of getaway--escape from competitive startup environments, high housing costs, and income taxes. More from Inc.
Does my business insurance cover the Coronavirus?
Although business interruptions coverage does not cover all causes of loss, it is still a valuable component of the Business Owner policy. For covered losses the policy will reimburse you for lost income and extra expenses incurred until you can resume normal operations. Read Gray Poehler's full column here.
Sophisticated professionals flood into Miami with hedge funds
Miami’s Downtown Development Authority and other business entities have made a concerted effort to woo hedge funds and other financial services firms to the area, and the effort is paying off, observers say. “South Florida has recently experienced a major inflow of hedge fund and private equity firms,” said Bowman Brown, partner in the Miami office of Shutts and chairman of the firm’s Financial Services Practice Group. More from the Miami Today.
Legislature votes to abolish the city of Weeki Wachee
Soon, the only ‘City of Live Mermaids’ will cease to be a real city, but it always will have that attention-grabbing slogan. The state House and Senate overwhelmingly approved a bill this month to abolish the city of Weeki Wachee — population 13 — and the governor is expected to agree. More from Tampa Bay Times.
SpaceX hits another reusability record: The rocket that launched 60 satellites Wednesday was on its 5th flight
Wednesday’s SpaceX launch was all about reusability. A five-times reused rocket carried 60 satellites inside a reused fairing, or the nose cone of the vehicle, to low-Earth orbit at 8:16 a.m, marking another step toward lowering launch costs for SpaceX. Reusing a rocket five times is a record for SpaceX. More from the Orlando Sentinel
Out of the Box
These Tampa Bay businesses are busier than ever during coronavirus
Airlines, hotels and restaurants are losing millions due to the coronavirus pandemic. Supermarkets have seen a well-documented surge in business as people frantically buy supplies. But a few local businesses that might not be top of mind are also busier than usual.
» More from the Tampa Bay Times.
More upscale Miami spots now offering takeout or curbside service
Many of the upscale restaurants in Miami and Miami Beach aren’t generally known for takeout or curbside pick up (unless you’re talking Joe’s Stone Crab). But in light of mandates and restrictions due to the coronavirus scare, many high-end restaurants are turning to curbside service and limited takeout menus to feed their customers (and bring in business at a difficult time).
» Read more from the Miami Herald.
In case you missed it: