September 22, 2021

Wednesday's Afternoon Update

What you need to know about Florida today

| 4/28/2021

RV industry continues to grow in Florida, spurred in part by the pandemic

The recreational vehicle industry both nationally and locally already was on the rise in terms of sales and RV park development, with customers skewing younger and younger. Thanks to last year’s travel restrictions, an increase in homeschooling and remote working, and a general concern for safety, the industry not is only weathering the pandemic but is on the upswing again this year, according to industry experts. More from the Tampa Bay Times.

Despite cruise shutdown, CEOs made millions. Crew members met different fate.

Perhaps no industry was as badly battered by the pandemic in 2020 as the cruise industry, with business in the U.S. — its most lucrative market — banned for nine and a half of the year’s 12 months. To cope, the three largest companies stopped paying employees on their ships, cut marketing expenses and worked furiously to raise as much debt and equity financing as possible. The strategy worked out for executives at the three largest and publicly held cruise companies.  More from the Miami Herald.

With core stage arrival to KSC this week, when will Artemis I be ready to launch?

The biggest piece to a years-in-the-making rocket that will become the most powerful to ever launch off the planet arrives to Kennedy Space Center this week when the core stage for the Artemis I mission to the moon makes its way to Florida. The 212-foot-long, 188,000-pound piece of hardware is headed to KSC via NASA’s Pegasus barge, set to pass through Port Canaveral on Tuesday. Its destination is the space center’s massive Vehicle Assembly Building where it will be paired up with the rest of the Space Launch System.  More from the Orlando Sentinel.

New York firm buys Miami’s only art-dedicated storage facility, Museo Vault, for $50M

Miami’s only specialized art storage facility, Museo Vault, is now UOVO Miami, after a $50 million acquisition by a New York firm. The art storage company UOVO acquired Museo Vault’s 85,000-square-foot moving and storage facility in Wynwood last week, according to Steven Guttman, UOVO’s founder and co-chairman of the board of directors, and a longtime Miami resident. Although it acquired the lease to Museo Vault’s storage space in West Palm Beach, UOVO also is developing a 50,000-square-foot facility in the area and expects it to open by 2022. More from the Miami Herald.

$2 billion packaging company relocating HQ to Tampa, bringing 200 jobs

A $2 billion transit packaging company is relocating its corporate headquarters from the Chicago area to Tampa in a move that economic leaders said should bring 200 jobs to the area. Signode Industrial Group, which manufactures packaging tools and equipment for industrial shipping and storage, will relocate its top-level executives and other staff to Hidden River Corporate Park, just off Interstate 75 near Morris Bridge Road. More from the Tampa Bay Times.

Disney World's Jungle Cruise gets a makeover

 One of the Magic Kingdom's most popular attractions is getting the redesign that many theme park lovers were hoping for. Disney announced Jungle Cruise will no longer feature the "Trader Sam" animatronic at the end of the ride. The news comes three months after Disney announced it would remove "negative depictions of native people" from its parks. But Trader Sam's name is not disappearing entirely.

» More from WTSP.


Business Profile
The firm formerly known as Fattmerchant plans to be Orlando’s next $1B biz. Here’s how.

floridaFattmerchant Inc. has slimmed down its name to Stax, but the company’s growth plans are no less hungry. In fact, the Orlando-based fintech firm is aggressively moving toward unicorn status, an illustrious signifier in the tech industry reserved for privately-held companies that reach a valuation of $1 billion, CEO and founder Suneera Madhani says.

» Read more from the Orlando Business Journal.

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Florida Trend Video Pick

Mi Cristal wants to bring a taste of Cuba to Miami
Mi Cristal wants to bring a taste of Cuba to Miami

Tony Haber, the founder of Mi Cristal, is bringing a Cuban-themed beer to customers across South Florida.


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