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Thursday's Afternoon Update
What you need to know about Florida today
Corporate Transparency Act takes effect Jan. 1, but many businesses don't know about it
The Corporate Transparency Act has stiff fines and a possible jail sentence for noncompliance. But experts say officials of many affected businesses don't even know the law exists. Jonathan Wilson, co-founder and CEO of FinCen Report Co., which helps businesses on compliance with the law, said the act was passed by Congress at the end 2020, but is just now taking effect. The law — aimed at combating money laundering and tax evasion — empowers the Financial Crimes Enforcement Network to collect personal information about officials of many U.S. companies. Through the gathering of this information, the law intends to safeguard against drug trafficking and human trafficking. More from Florida Today.
$1.6B cancer center under development wraps a heart around hope
Work began on Moffit Cancer Center's new 775-acre Speros FL campus in Pasco County earlier this year and is progressing at a steady pace. Planned completion of the first phase is in 2028. Some of the components will be finished earlier, as soon as 2026 and 2027, and Moffitt says the first patients will be seen in 2025. More from Business Observer.
Researchers focus on reducing the amount of methane cows produce
Nicolas DiLorenzo, Animal Sciences professor at North Florida Research and Education Center in Marianna, is heading a multidisciplinary team including livestock nutritionists, chemists, and microbiologists. Their work will create livestock feed additives to reduce the amount of methane produced during the digestive process. DiLorenzo received a grant from the U.S. Department of Agriculture National Institute of Food and Agricultural Sciences for $5 million, to extend research focused on reducing livestock methane emmissions. More from South Central Florida Life.
Here's what's open and closed on New Year’s Day in Florida
With 2024 rapidly approaching, many are eagerly awaiting a break from holiday cooking. Here are all the restaurants, fast foods and quick service spots in Florida that are open on New Year's Day. The following restaurant chains have select locations open in some capacity. Some dining rooms may be closed, and many may be offering a special menu or takeout and delivery. More from the Gainesville Sun.
What is the most popular specialty license plate in Florida in 2023?
Over 2.11 million vehicles in the state use specialty license plates, almost twice the number of 10 years ago. Specialty plates can be a great way to add some personality to the back of a car and help different causes and charities at the same time. Drivers can pick a favorite sports team, honor your military service, brag about an alma mater or promote environmental issues or special interests. More from the Palm Beach Post.
Seasonal Celebration
Headline
The museum at 837 SE Seventh Ave. hosted its family focused celebration on the first Kwanzaa principle: unity. The seven principles of Kwanzaa, which is also known as the Nguzo Saba in Swahili, are Umoja (Unity), Kujichagulia (self-determination), Ujima (collective work and responsibility), Ujamaa (cooperative economics), Nia (purpose), Kuumba (creativity) and Imani (faith). The word Kwanzaa in Swahili means first fruits.
» More from the Gainesville Sun.
Rising Executives
Building Success
“With the boom in construction and the continual growth, we haven’t seen that slow down over the past few years. We’re seeing such a strain on the qualified labor market, especially with subcontractors,” Weitknecht says. “They’re strapped for workers. They can only handle so many jobs at a time.”
» Read more from Florida Trend.
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