SHARE:
Friday's Afternoon Update
What you need to know about Florida today
Inflation and Hurricane Ian weaken October consumer sentiment
After four consecutive months of modest increases, consumer sentiment among Floridians dropped 3.4 points in October to 61.1 from a revised figure of 64.5 in September. “The decline in October comes as no surprise as this month’s reading captures the impact of Hurricane Ian, which made landfall September 28 in Southwest Florida and caused business closures, job losses, extensive property damage, and significant human loss,” said Hector H. Sandoval, director of the Economic Analysis Program at UF’s Bureau of Economic and Business Research. More from UF News.
Health department challenged on pot licenses
Heeding a legal blueprint laid out by an appellate judge, a Tampa-based orchid grower has filed a lawsuit accusing the Florida Department of Health of violating the state Constitution by delaying the issuance of nearly two-dozen medical marijuana licenses. The lawsuit, filed Monday in Leon County circuit court, is the latest attempt by Louis Del Favero Orchids, Inc. to enter the state’s medical-marijuana market. The company’s other administrative and legal challenges over the past four years have fizzled. More from the News Service of Florida.
TIAA Bank sold. What does that mean for Jacksonville headquarters, Jaguars stadium name?
TIAA has entered into a definitive agreement to sell TIAA Bank to new investors. TIAA and Nuveen, its asset manager, plan to focus on its retirement and wealth management businesses instead of banking. However, TIAA will retain a non-controlling ownership stake in the bank. TIAA Bank's headquarters and main base of operations will remain in Jacksonville and the bank will operate under a new name. That will ultimately mean a new name for the home of the Jaguars. More from the Florida Times-Union.
Disney, other tourism workers need $18 minimum wage to get by, report says
Orlando’s tourism workers, long among the lowest paid in the region’s economy, must earn at least $18 per hour to meet basic needs, a hospitality industry union argues in a report released Thursday. The report by Unite Here Local 737 found that 69% of hospitality staff surveyed at five Orlando employers, including Walt Disney World, struggled to pay their rent or mortgage each month and 39% worried about becoming homeless. More from the Orlando Sentinel.
Jabil CEO Mark Mondello to step aside; Kenny Wilson named successor
Jabil is getting a new leader. The St. Petersburg technology components manufacturer, one of Tampa Bay’s largest public companies, announced Friday that CEO Mark Mondello will step aside next year. His successor will be Kenny Wilson, an executive vice president in charge of Jabil’s Green Point division, which works with clients on electronic manufacturing needs. The transition will take place May 1. Mondello will remain with Jabil as executive chairperson. More from the Tampa Bay Times.
Business Beat - Week of November 4th
Get top news-to-know with Florida Trend's headline-focused video news brief, hosted by digital content specialist Aimée Alexander.
Florida Dining
This glamorous Italian restaurant draws the trendy in Toronto. Now it’s open in Miami
In its native Toronto, the upscale restaurant Sofia is nestled amid boutiques, galleries and design studios in the Canadian city’s fashionable Yorkville neighborhood. Small wonder, then, that when the new location of Sofia arrived in Miami, the restaurant opened in the luxurious Design District.
» Read more from the Miami Herald.
In case you missed it:
