December 1, 2021

Monday's Afternoon Update

What you need to know about Florida today

| 11/22/2021

Small business application on the rise in Tallahassee, up 81% since 2015

In 2020, the Office of Economic Vitality said there were over 7,000 applications, which is up 81% since 2015. This data proves to OEV officials Leon County's local economy is rebounding from the pandemic. Director Cristina Paredes said businesses kept going because of three simple words: Love your local. She said it started as a small business initiative 4 years ago, but turned into the phrase love your local because of the pandemic. More from WXTL.

Thinking outside the box pays off for some entrepreneurs at a Florida university

Students enrolled in the School of Entrepreneurship at Florida Gulf Coast University are getting a jump start on their dream jobs. Whether it's an invention or just a concept, FGCU will help you develop your business model, get in contact with a manufacturer, and build your brand. At FGCU you can find a TikTok influencer from Southwest Ranches, an inventor from Vero Beach and a psychology major from Fort Lauderdale, who are all thinking outside the box. More from WPBF.

DeSantis to ask Legislature for a $1 billion gas tax cut next year

“Even if you start making more money, if the prices are going up faster than your wages or your salary you’re actually losing money in this inflationary economy,” DeSantis said Monday in a Daytona Beach Buc-ee’s gas station, flanked by GOP lawmakers and Buc-ee’s CEO Arch Aplin. “So that’s a cost that really gets imposed on a lot of people that are working hard.” Details on the proposal, including which gas taxes and whether the cuts would be permanent or only for one year, were not immediately available. More from the Orlando Sentinel.

New Florida laws could put companies in difficult position if federal vaccine mandates hold

Companies with either 100 or more employees could soon face stiff federal penalties if they don't follow rules issued by the federal Occupational Health and Safety Administration that require employees to be vaccinated or test regularly. Health care employers such as hospitals who are covered by a more strict mandate from the Centers for Medicare and Medicaid Services are in the same boat. At the same time, those same employers will now be subject to penalties by Florida officials for violating the new state statutes that bar vaccine or test mandates by employers unless they provide specific exemptions, some of which are not allowed in the federal rules. More from the Sarasota Herald-Tribune.

Tampa’s Channel Club apartment tower sells for $136 million

A major residential high-rise on downtown Tampa’s skyline has sold for an eye-popping price. The Channel Club apartments at 1115 E Twiggs St. in the Channel District sold for $136 million on Nov. 16 to Arlington, Va. multifamily real estate investor and developer Snell Properties. That’s not a record for a downtown Tampa residential complex in 2021; the Anchor Riverwalk apartments near the David A. Straz Jr. Center for the Performing Arts sold in August for $157 million. More from the Tampa Bay Times.

Small Business Saturday
A Small Business Saturday festival in St. Petersburg is bigger than ever this year

 The Shopapalooza Festival is coming back in full force. The St. Petersburg outdoor event, which began in 2010 support local shops during the holiday shopping season, will feature more than 300 vendors, live music, a Santa station, a Christmas village with a life-size gingerbread house and more this year. .

» More from the Tampa Bay Times.

 

Black Entrepreneurship
Black entrepreneurs in South Florida feel bypassed by tech boom

 Black hair care is often overlooked by venture capitalists, a world that remains distant from Black and Brown communities. Only 2 percent of venture capitalists are Black men, and only 1 percent are Black women. Miami entrepreneur Rishielle Giscombe is undeterred. In an effort to transform hair care in the South Florida tech space, Giscombe applied her interest and expertise in beauty to develop an app that connects stylists with clients.

» Read more from the Miami Herald.

Tags: Daily Pulse, Afternoon Update

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Florida Trend Video Pick

Introducing the Hyper-Sub in Lake Butler, Florida
Introducing the Hyper-Sub in Lake Butler, Florida

Against the backdrop of a bright blue sky and a calm lake, the Hyper-Sub roars to life. The sleek, black vessel hums loudly from its docked position at the Lake Side Park Boat Ramp in Lake Butler, Florida. But this boat attracts crowds of adults and children because it looks like a submarine.

Earlier Videos | Viewpoints@FloridaTrend

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