Florida's NextEra Energy to acquire Dominion, creating a utility giant
NextEra Energy, one of the largest power companies in the United States, on Monday announced plans to acquire Dominion Energy, in an all-stock deal that could transform the power industry as it races to supply electricity needed to fuel the booming growth of artificial intelligence. The all-stock transaction will create the "largest regulated electric utility" in the world. More from CBS News, the New York Times, and Reuters.
Florida gas prices decline as millions prepare for Memorial Day travel
Florida gas prices fell 20 cents last week. As of Sunday, the state average for a gallon of regular unleaded fuel went from $4.43 per gallon to $4.23 per gallon, according to AAA. Those prices are still higher than the $3.06 per gallon consumers paid about this time last year. The most expensive metro market remains West Palm Beach-Boca Raton at $4.42. More from the South Florida Sun Sentinel.
California defense company targets Central Florida expansion
A California-based company is part of a wave of new local investment and growth from the aerospace and defense sector. The Orlando City Council approved May 11 $150,000 from its Strategic Targeted Recruitment Incentive for Valued Employment (STRIVE) Orlando Program for Kratos Defense & Security Solutions Inc. The $67 million investment will create more than 100 jobs by 2032, according to city documents. More from the Orlando Business Journal.
Jacksonville officials silent on status of Holon manufacturing plant
After plans for an April groundbreaking came and went for Holon’s Northwest Jacksonville manufacturing facility, officials for the autonomous transportation company and Jacksonville’s city government have shared no details on what could come next. Holon, a German-based autonomous vehicle manufacturer, committed to make a $100 million capital investment into the facility planned at Eastport Exchange in North Jacksonville. More from Jacksonville Today.
$203B wealth management firm expands in state with Naples debut
A capital and wealth management firm that traces its history back nearly 150 years to John Rockefeller has expanded to Naples, its first office on the west coast of Florida. The firm, New York based Rockefeller Global Family Office, the wealth management division of Rockefeller Capital Management, added Coplin Wealth Partners of Naples to its portfolio, according to a statement. Rockefeller Global Family Office also maintains offices in Boca Raton, Fort Lauderdale, Palm Beach Gardens, Ponte Vedra, Wellington and Winter Park. More from the Business Observer.
Health Care Trends
The doctor will see you now — in a dazzling new office
A medical office boom is underway in South Florida, driven by patients’ desire for convenience and an aging population that needs more healthcare services. The surge in new healthcare construction across all three South Florida counties will allow patients to see doctors or specialists close to home, or on the same campus where they might undergo a medical procedure. It means visits to offices with modern technology, advanced air filtration, electrical wiring for robotic surgery tools, and spaces that are much more inviting.
» More from the South Florida Sun Sentinel.
Florida Trend Exclusive
Herd mentality
Many collegiate football and basketball players are accustomed to the media spotlight, but at the University of South Florida, a different group of student-athletes have made headlines with a star turn in a documentary film. Released last fall, "The Making of a Defender" chronicles a year in the life of USF's competitive cybersecurity team as they put their hacking and counter-hacking skills to the test.
» Read more from Florida Trend.