Florida gains $196B in income as taxpayers flee high-tax states
Florida gained the most from interstate migration over the past decade, with $196 billion in adjusted gross income flowing in, according to a National Taxpayers Union Foundation report. The analysis shows that taxpayers are consistently moving from high-tax states like New York, California and Illinois—each of which lost tens of billions in income—to lower-tax states such as Florida and Texas. More from Gulfshore Business.
Belleview may implement economic incentive program to attract businesses
Belleview leaders will discuss an economic development incentive program that would allow the city to waive up to 100% of business taxes, 60% of the city’s portion of building permit fees, and 100% of police impact fees for businesses that foster economic development and provide “high-quality employment” in the city. More from Ocala News.
A better Cross Bay Ferry by 2026? Tampa Bay area officials hash out a plan
The Cross Bay Ferry is expected to return by fall next year, local officials said, under a new contract overseen by the Pinellas Suncoast Transit Authority, which plans to purchase local boats for the service. The Cross Bay Ferry’s future was left uncertain in April when the private company operating the boat, HMS Ferries, announced that it wouldn’t provide an hour-long ride across the bay through October as expected. More from the Tampa Bay Times.
Vision 2050: How should Orange County grow?
After eight years on the drawing board, Orange County’s rewritten blueprint for growth goes to county commissioners Tuesday for a final review of the effort to slow sprawl and protect rural areas while also making room for an estimated 422,000 new residents. Known as Vision 2050, the 615-page planning document was drafted with the next quarter century in mind. More from the Orlando Sentinel.
High-rise projects would add more than 27,000 new residential units in Fort Lauderdale
If the fiercest critics of Fort Lauderdale’s evolving skyline had their way, they might just shut the door on new development, lock the deadbolt and throw away the key. That’s not happening. They know it and so do the developers. In today’s economic climate, construction has hit a slowdown — a fact of life celebrated by the critics. But there’s still a slew of projects in the pipeline for Broward County’s most populous city. More from the South Florida Sun-Sentinel.
Tech Trends
Entrepreneur unveils prototype of new solar-powered car
This 'hot rod' runs off our sun. Top speed: 25 mph. Battery range: 70 miles on a full charge and it takes two days in the sun to charge or five hours plugged in. Solar enthusiasts have long been pining to swap the "drill baby drill" federal policy mantra with "shine baby shine." But will the market heat up for solar cars such as INTI — named after the Inca Sun God? Entrepreneur Julian Field thinks so.
» More from Florida Today.
Business Profile
How a University of Miami startup is using nanotechnology to transform agriculture
Growing up, Shruti Choudhary’s grandparents lived two very different lives as a farmer and business owner. She never would’ve thought that years later, during her PhD program at the University of Miami, those two worlds would come together again – this time, as a startup venture. The goal? Transforming farming practices for the better with nanotechnology – the science of working with materials at an extremely tiny scale (about 100,000 times smaller than the width of a human hair).
» Read more from Refresh Miami.