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Friday's Daily Pulse
What you need to know about Florida today
Florida rentals are cooling off, partly because at-home workers are back in the office
After dominating the nationwide markets for rental price growth over the pandemic, cities in Florida are showing signs of a slowdown. Eight of the nine measured cities in Florida saw yearly rent increases at or below the national average in June, according to researchers at Florida Atlantic University and two other schools. Nationally, rents increased 4% percent year-over-year in June, while yearly rents in metros across Florida saw increases at or below that. [Source: USA Today]
Business Beat - Week of July 28th
Get top news-to-know with Florida Trend's headline-focused video newsbrief, hosted by digital content specialist Aimée Alexander.
Jobless claims dip in July
Initial jobless claims in Florida have slowed a bit in July, while the U.S. Department of Labor on Thursday estimated 5,841 unemployment applications were filed last week in the state. That was down from 6,474 claims during the week that ended July 15. Over the first three weeks of July, Florida averaged 5,915 claims, down from 6,498 during the first three weeks of June. [Source: News Service of Florida]
Florida ranks as a top three state to start an LLC
A new ranking from Venture Smarter ranks the 50 states and Washington, D.C., by how easy it is to start a limited liability company or LLC. A good business climate can help entrepreneurs to start new companies and helps states attract businesses looking to relocate. The Sunshine State ranked as the 2nd best place to start an LLC. [Source: Tampa Bay Business Journal]
Tropical wave moving across Florida likely to bring much needed rain
A tropical wave moving over the state of Florida will bring much-needed rain and a slight cool down through the weekend. While the term “tropical wave” may send a slight shiver down your spine, it just means there will be some extra moisture in the air. The wave is not a tropical storm or a hurricane, and is not being monitored by the National Hurricane Center, said Matt Anderson, a science operations officer with the National Weather Service’s Tampa Bay office. [Source: Tampa Bay Times]
'Pro-education' Florida broadens school choices
When Florida’s roughly 2.8 million grade school children head back to class this fall, some will be in all new schools. A new law signed in the spring expands upon the state’s Florida Tax Credit Scholarship Program (FTC) and Family Empowerment Scholarship Program (FES). [Sponsored report]
ALSO AROUND FLORIDA:
› Adult heart transplants to resume at Jackson’s Miami Transplant Institute
Jackson Memorial Hospital will soon resume adult heart transplants after receiving the OK on Wednesday from the national transplant network that urged them to suspend the program back in March after the group received at least one complaint about “preventable” patient deaths.
› Polk Water Cooperative secures $305 million federal loan for deep well projects
Just as the era of cheap water is ending in Florida, the Polk Regional Water Cooperative is being flooded with money. The cooperative, an association of Polk County and most of its cities, recently received confirmation of a $305 million federal loan. That amount will cover more than half of the anticipated costs of two projects that involve drilling deep into the Floridan Aquifer and piping treated water throughout Polk County.
› Florida Supreme Court to take up UF COVID shutdown case over refund of student fees
The state Supreme Court on Thursday said it will take up a dispute about whether the University of Florida should return fees to students because of a campus shutdown early in the COVID-19 pandemic — one of numerous similar cases filed in Florida and across the country. Justices issued an order saying they will consider what is known as a “certified question of great public importance” in the potential class-action lawsuit filed by UF graduate student Anthony Rojas. The order did not set a date for arguments.
› Hillsborough commission nixes tax rate changes to pay for fire safety
Hillsborough County officials snipped the ribbon this week on a new fire station in Riverview and their proposed county budget for the coming year includes $8.6 million for the fire department’s 47th station at Progress Village. But a recent update to the county’s master plan for fire safety calls for building 28 new stations in the coming years in response to a growing population, increased calls for help, and rising concerns about how long it takes to respond to emergencies.
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