Wednesday's Afternoon Update

    Gov. Scott to unveil proposed 2012 budget

    Florida Gov. Rick Scott is rolling out his proposed budget for 2012. Scott will officially announce his spending recommendations for the coming year this afternoon. State lawmakers will use the governor's recommendations as a building block for next year's budget. Scott plans to ask legislators to increase spending on public schools, but he will likely propose cuts in other parts of the budget. Scott also wants to set aside some money for tax cuts. Read more from the Associated Press and check back with Florida Trend's Daily Pulse tomorrow morning for a full analysis of the Governor's proposed budget.

    See also:
    » Scott wants a billion-dollar boost for schools


    Business Profile
    Net Element
    Floridian

    Miami-based Net Element is hoping to be able to stream live 3-D broadcasts of auto races on its Motorsport.com website next year. The 3-D recording and production is just one of the new technologies the company is working on.

    It has created or acquired software to store, sort and play rich media; a mobile application to help college students barter and sell goods; and an algorithm to create personalized music playlists based on individuals' reactions to images.

    » More about Net Element

    Jacksonville entrepreneur makes dollars with scents

    Kim Spadaro calls her flagship fragrance Noche del Fuego, or Night of Fire. Her inspiration, she said, was a trip to Majorica, Spain. And she tried to capture that feeling by mixing aromatic oils. Spadaro, who lives with her husband, Carl, on the river off San Jose Boulevard, launched her own line of fragrances two months ago. Read a Q&A with Spadaro from the Florida Times-Union.


    Visit Florida ad changes could affect Miles Media

    Florida's tourism agency has hired a new lead ad firm to market the state, a move that could alter its 14-year relationship with Miles Media Group of Lakewood Ranch. Visit Florida has been Miles Media's single largest client since 1997, when the company was retained to create the tourism promoter's first website. The state agency announced Tuesday it has selected SapientNitro, a 36-office, international firm that counts Burger King, Marriott and Coca-Cola among its clients, as its lead agency of record. [Source: Sarasota Herald-Tribune]


    Florida boasts three of the nation's Top 10 cities for tech job growth

    Tech jobs are one bright spot in the economy. The hiring spree taking place in that sector isn't limited to Silicon Valley. Cities across the country are enjoying a boost in employment thanks to information technology jobs. Bloomberg Businessweek has ranked the nation's leading cities for technology job growth and three of them are in the Sunshine State.


    Renaming of Miami art museum inspires debate

    The deal to rename the Miami Art Museum for Jorge M. Perez, the South Florida real estate developer who pledged $35 million in cash and art to the museum last week, came down to one thing: It was the best offer on the table. And that, say those who advise the wealthy on their giving, is how it should be. [Source: Miami Herald]

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    Holiday Trend
    tag Sign of the times
    A job for their mom or dad. Money for the heating bill. Food or a place to live. Maybe gloves or boots. More and more, Santas say the children on their laps are asking for less for themselves — and Santa is promising less, as well. At the Charles W. Howard Santa Claus School, Santas learn lines like, "Wow, that's a big gift. Is there anything else you might like?" These days, though, Santas are having to use it less and less.

    Read more from the Associated Press and see also: