Florida Trend | Florida's Business Authority

Monday's Daily Pulse

Facing a worker shortage, Florida hotels and builders are revamping training programs

Construction and leisure/hospitality are the two industries leading job creation statewide, according to employment figures released Friday. But these two industries also share a growing problem: they can’t find enough workers. As a result, they're revamping training programs and investing in available lower-skilled workers as a long-term solution to the worsening labor shortage. Expanding apprenticeship programs and 529 plans are being looked at as part of the solution. [Source: Tampa Bay Times] Also read more in this news release from the Associated Builders and Contractors, Inc.

Florida's year-round daylight saving time law on hold in Congress

The “Sunshine Protection Act” that went into effect in Florida on Sunday would make daylight saving time year-round in the state — but so far the required congressional approval to make it happen has languished in the U.S. Capitol halls. [Source: Orlando Sentinel]

See also:
» Read the "Sunshine Protection Act," Florida Senate Bill 858

Feds launch audit of Keys debris contract

One year after Governor Rick Scott responded to the devastation of Hurricane Irma by ignoring the debris removal contracts already in place in the Florida Keys and opting instead to hire more expensive companies to do the work, the Inspector General for the Department of Homeland Security is launching his own investigation into what happened. More from CBS Miami and the Tampa Bay Times.

Feds to offer loans for businesses hurt by red tide

The U.S. Small Business Administration (SBA) is making disaster loans available for businesses in Pinellas County affected by red tide, the agency announced Friday. Qualifying businesses can obtain an Economic Injury Disaster Loan up to $2 million with a maximum interest rate of 3.385 percent for a term up to 30 years to help with financial obligations that cannot be met as a result of the disaster. See the news release from the SBA, here. Also read more at Florida Politics.

State plummets to record low homeownership

While Gov. Rick Scott campaigns on the strength of Florida’s economy, there is no mention of a bleak milestone the state just reached — a record-low homeownership rate. From the soaring pre-recession days, when easy credit pushed housing numbers to new highs, the percentage of Florida households owning homes has plunged to the lowest level ever seen, with data going back more than three decades. In the "State of Florida: Long-Range Financial Outlook" document, it says:

Countervailing some of the recent and expected improvements in the existing home market is the fact that the homeownership rate is still below normal. The 2016 percentage of 64.3 was well below the long-term average for Florida. Final data for 2017 shows a further decline to 64.1 percent. This rate is below the lowest homeownership rate previously recorded in Florida (64.4 percent in 1989) during the 34-year history of the series. However, preliminary data for the first half of the 2018 calendar year is showing some improvement.

More from the Sarasota Herald-Tribune and the Lakeland Ledger.

ALSO AROUND FLORIDA:

›BCB Homes still coming on strong after 25 years
Joe Smallwood started BCB Homes with a bang. His first home with his new company was a 10,000-square-foot house in Port Royal. “So we came out of the gates strong,” said Smallwood, CEO of BCB Homes.

› Program will spread orchids around Miami's Coconut Grove
Orchids will soon be afoot again in Miami's Coconut Grove neighborhood. On Monday, government officials, botanists from Fairchild Botanical Garden and volunteers will mount 250 rare and endangered orchid seedlings onto tree trunks in the central part of the neighborhood.

› Celebration tech firm raises $16 million from investors for dental platform
A Celebration-based tech company has raised $16 million from investors to build out its cloud-based platform, which helps dental practices across the U.S. track clinical, financial and administrative records.

› Walmart is teaming with a Seminole Heights chef to promote locally grown mushrooms
It might seem like an unlikely match from the outside: A distinguished chef with a restaurant known for inventive plates using produce shoppers can find at… Walmart?

Go to page 2 for more stories ...

Opera ‘food truck’ and other arts events receive PNC Bank grant
Imagine ordering a taste of opera just as you do a snack from a food truck. In the fall of 2019, Palm Beach Opera plans to unveil Opera a la Cart, pop-up opera shows performed in a truck doubling as a stage at festivals, parks and other venues.

Florida Trend's 500 most influential business leaders list includes 9 from Pensacola
Nine people from Pensacola were named to Florida Trend's 500 Most Influential Business Leaders list of 2018, a collection that's broken down into 16 categories to recognize the most impactful individuals from all walks of business in the state.

› Camping World Stadium in line for $60 million in upgrades, 4 years after major renovation
Four years after a $207-million renovation of the former Citrus Bowl, Central Florida leaders recommended Friday spending another $60 million on new upgrades to the sports-entertainment venue, now known as Camping World Stadium.

› Legendary Tampa criminal defense attorney Barry Cohen dies at 79
The accused and the wronged beat a path to Barry Cohen’s door. The tenacious, canny criminal defense attorney took on pharmaceutical giants and law enforcement agencies. When judges and attorneys needed representation, they often reached out to him. And when the odds seemed stacked against his clients, he would fight their case outside the courtroom, too.