July 6, 2020

Monday's Daily Pulse

What you need to know about Florida today

| 3/23/2020

Coronavirus Florida: DeSantis, state face grim financial picture

Gov. Ron DeSantis is scrambling Florida government to respond to the coronavirus, but a huge loss of tax revenue looks likely to upend a host of state programs. With Florida’s tourist-powered economy in a tailspin, Gov. Ron DeSantis has been forced to the frontlines of the fight against the coronavirus, desperately seeking to stop a looming massive loss of jobs and tax collections that fuel state programs. [Source: Saraota Herald-Tribune]

Unemployment applications in Florida are on the rise

The Florida Department of Economic Opportunity (DEO) said it has seen historic increases in unemployment applications, with more than 5,300 last week. That's over 400 more than the week before. DEO has also experienced a higher number of calls - with more than 76,000 from Monday to Wednesday this week. The department received close to 28,000 calls the previous week. [Source: WTVJ]

Tampa Bay businesses step up to help others survive coronavirus

One company decided to forgo collecting rent in April. Two others started making hand sanitizer to give away. These are trying times, the kind that bring out the worst in us. But the turmoil also reveals a better side. Acts of humanity perpetrated without fanfare — selfless, sometimes anonymous, often inspiring. [Source: Tampa Bay Times]

Rick Scott calls for moratorium on rent, mortgages and utility payments

Florida senior senator wants 60-day break for individuals making under $75,000 a year. Sen. Rick Scott on Sunday called for a moratorium on rent and mortgage payments. The Naples Republican said big steps must be taken to ease economic burdens on Americans facing a global pandemic. More from Florida Politics

Tom Brady joins the Tampa Bay Buccaneers — Here's why you should consider Florida, too

While the reasons for Brady’s departure are almost certainly more than dollars, cents, and tax rates, it bears mentioning that this is a decision that happens every day of the year. During 2018 (most recent data), census and IRS data indicate that Florida netted a total of 132,000 people from other states and 175,000 people from abroad. [Source: Yahoo! Finance]


› State offering interest-free loans to businesses
Gov. Ron DeSantis announced that Florida will begin a $50 million bridge-loan program for businesses hurt by the novel coronavirus and that he has directed the state’s revenue department to extend deadlines for businesses to pay corporate income taxes.

› Florida coronavirus proposal would leave Yankees lost
If Florida officials enact a stay-at-home policy, the Yankees who have been at George M. Steinbrenner Field could be forced to stop working out and receiving treatment.

› Florida gift card bond program launched to help businesses create immediate cash flow
A gift card bond program to benefit both consumers and businesses during the economic crisis brought on by the coronavirus pandemic was launched Friday afternoon

› Mizzou chancellor tapped for University of Central Florida
University of Missouri-Columbia Chancellor Alexander Cartwright on Friday was tapped to be president of the University of Central Florida.

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Florida Trend Video Pick

Sarasota Opera rolls out OperaMobile on city streets
Sarasota Opera rolls out OperaMobile on city streets

Sarasota Opera soprano Hanna Brammer, baritone Alex Boyd and accompanist Jesse Martins held five, twenty-minute performances throughout Sarasota from a flatbed trailer pulled by a pickup truck.

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