BUSINESS NEWS
TOP STORIES
Florida unemployment rate, jobless claims remain near record lows
Florida reported a decrease in new unemployment claims in the week before Thanksgiving, signaling robust job market health. The state's unemployment rate in October was 2.8%, significantly below the U.S. average of 3.9%. Florida's jobless rate ranks favorably compared...
This page is sponsored by Americans for Prosperity.
MORE NEWS
Redistricting plaintiffs face skeptical court
Voting-rights groups are challenging a congressional redistricting plan approved by Republican lawmakers in Florida, supported by Gov. Ron DeSantis. Initially, a Leon County circuit judge ruled that the redistricting plan violated the state Constitution, particularly...
Judicial circuit consolidation recommended against
The Florida Supreme Court's exploratory circuit consolidation committee recommended against consolidating the state's judicial circuits after finding the potential for increased logistical issues, decreased public trust, and higher costs despite initial arguments for...
Budget hawks start to circle over New College of Florida’s fiscal-fantasy business plan
Pressure is mounting at New College of Florida in Sarasota, where a controversial new business plan is causing a stir among conservatives worried as much about budgetary discipline as they are about educational innovation. And now the school's new strategy has the...
Florida legislature again proposes higher vote threshold for constitutional amendments
A Joint Resolution filed Friday seeks to amend the state's constitution by increasing the required majority for passing constitutional amendments from the current 60 percent to 66.67 percent. The proposal outlined in the resolution would be presented to Florida...
Report: Florida’s labor market stable amid national cooldown
Florida maintains a strong labor market with an unemployment rate of 2.8%, below the national average, despite experiencing a slight slowdown in job growth from 6.1% in 2022 to 5.9% in 2023. The state’s economy benefits from domestic migration, a steady flow of...
After confidential security briefing based on FBI threat assessment, Moody challenges Biden Admin on release of foreign nationals
The FBI issued a heightened terrorism threat level alert this week in the wake of the ongoing combat between Israel and the Hamas terror group Florida officials received a confidential security briefing in Boynton Beach Attorney General Ashley Moody and other state...
Bevy of bills filed ahead of Special Session
Ahead of Florida's upcoming Special Session, lawmakers are drafting bills for deliberation. Read a rundown of Thursday's key filings below: Disaster Aid Introduced by Sen. Corey Simon, SB 2-C proposes financial relief following Hurricane Idalia. The bill outlines tax...
Sen. Rick Scott endorses Donald Trump for President
Sen. Rick Scott endorsed former President Donald Trump for the 2024 Republican nomination, praising Trump's prior term and suggesting that the party unites behind him. Scott indicated that Republican voters have shown an inclination towards Trump. A divide in GOP...
Miami-Dade County sees uptick in visitation, tourism revenue
Miami-Dade County experienced a $20.2 billion economic impact from tourists during FY 2022-23, with revenue increasing by 3 percent from the previous year. Visitation rates grew by 3.5 percent, with a 4.4 percent rise in international tourism and a 25 percent increase...
Florida Attorney General: FAU’s presidential search breached Sunshine Laws
Florida Atlantic University's (FAU) presidential selection process was found by State Attorney General Ashley Moody to violate Florida's transparency laws. The search committee allegedly used a search firm to anonymously rank and narrow down candidates without public...
Seminole casinos to introduce sports betting on Dec. 7; online wagering status still uncertain
The Seminole Tribe of Florida will introduce sports betting, along with roulette and craps, at its six casinos from Dec. 7. The move follows the finalization of a gaming compact with the State of Florida in April 2021 and subsequent legal approvals by June 2023,...
Citizens gains more policies, but also gets approval to offload 125,000 in January
As Citizens Insurance continues to absorb more homeowners policies, state regulators approved a second tranche of policies to be offloaded to private insurers. About 125,000 policies will be migrated to private carriers in January, according to the Office of Insurance...
Legal bombshell: Realtors socked with $1.8 billion fine for inflating commissions
A landmark legal ruling found the National Realtors Association, Keller Williams, and HomeServices of America guilty of inflating real estate commissions, with a $1.8 billion penalty. Lead attorney Michael Ketchmark immediately filed a class action suit against NAR...
Floridians feel financial squeeze despite national economic upswing
Consumer sentiment in Florida decreased for the second month in a row, with October's index at 66.2 despite the U.S. economy's strong performance in the third quarter of 2023. Floridians, with the exception of those earning over $50,000 annually, hold a more...
Florida Treasury to boost Israel bond investment by $120 million
Florida Chief Financial Officer Jimmy Patronis announced on Tuesday that the state is investing an additional $120 million towards Israel bonds. Since 2017, Florida's Treasury has invested $310 million in Israel bonds, yielding around $6.4 million in interest....
Appellate court hears arguments in Florida’s congressional redistricting case appeal
Florida's 1st District Court of Appeal heard oral arguments on Tuesday in a review of alleged racial biases in the state's congressional redistricting map, with a focus on the elimination of Congressional District 5 (CD5). During the hearing, plaintiffs claimed the...
Court tosses challenge to Florida’s strict voter signature law
A Federal court sided with a handful of Florida officials in a ruling against a challenge to Florida's voter registration signature law. The ruling sets a precedent for upholding stringent voter registration requirements, and noted that in some situations, a physical...
Lawmakers set sights on expanding vouchers for students with disabilities
Florida lawmakers will convene for a special session to discuss increased funding for the state's school voucher program aimed at students with special needs. Amid a surge in demand, experts and educators are calling for the removal of the participation cap on the...
UCF’s Rosen College secures top spot in U.S. hospitality program ranking
The University of Central Florida's (UCF) Rosen College of Hospitality Management was ranked the top U.S. hospitality program by ShanghaiRanking for the fourth year and is among the top five globally. The college is recognized for its strong ties to major...
Florida’s major business groups endorse Sen. Rick Scott for re-election
The Florida Retail Federation (FRF) and Associated Industries of Florida (AIF) have endorsed Sen. Rick Scott for re-election, praising his pro-business stance and efforts in job creation and economic growth. Scott highlighted his accomplishments as Florida's governor,...
[pro_ad_display_adzone id=”2845″]
Sponsored by:
BREAKING NEWS
TOP STORIES
This story is sponsored by Environmental Litigation Group.