Friday’s Daily Pulse – Florida Trend
Florida businesses got more pandemic relief than almost any state
The federal government has disbursed $329.7 billion in business loans under a pandemic relief program, as of January 20. The latest data report from the Small Business Administration shows Florida got more money and had more applicants than any other approved state except California. In the United States and its various territories, seven states have won the biggest slice of the pandemic relief pie for business owners. [Source: WFLA]
Business Beat – Week of February 4
Get the best news you need to know with Florida Trend’s headline-focused video newsletter, hosted by digital content expert Aimée Alexander.
Cinema and being seen: will Florida relaunch its film industry?
See you at the cinema. But not in Florida. That is, if you are a production company and want to get incentives and rebates for filming and managing digital media, movies and TV shows and programs in the Sunshine State. In total, according to a new report from the Film Florida trade association, the state has missed out on $1.5 billion in film and television opportunities since 2016 — when Florida’s $242 million transferable tax credit for the motion picture industry has expired. [Source: Business Observer]
Nursing homes struggle to find staff; Lawmakers consider relaxing standard of care
A bill to ease staffing standards in Florida nursing homes was originally drafted with help from one of the state’s most powerful long-term care lobbying interests. duration. Under the measure, Senate Bill 804, nursing homes that do not meet state-mandated staffing requirements would no longer be barred from admitting new residents. It would also expand the types of employees who can be counted in these mandatory minimum staff numbers, which are intended to keep residents safe. [Source: Miami Herald]
Proposed bill would tighten eligibility to keep citizens insured
Hey, customers of the state-run Citizens Property Insurance Corporation: some lawmakers see you as a problem. Do not mistake yourself. It’s probably not your fault that private market homeowners insurance companies in Florida are awash in red ink that is driving up rates skyrocketing. And it’s not your fault that you have few other choices. But the state-owned “insurer of last resort” has grown from 420,000 policies in 2019 to around 760,000 now. And that’s the problem. [Source: Orlando Sentinel]
ALSO AROUND FLORIDA:
› NASA and NOAA will have new weather eyes in the sky with a March launch from Cape Canaveral
Soon, meteorologists will have an even stronger pair of eyes in the sky once a new advanced weather satellite is launched in March. GOES-T, short for Geostationary Operational Environmental Satellite, is targeting liftoff March 1 from Cape Canaveral Space Force Station on a United Launch Alliance Atlas V rocket through a collaboration between the National Oceanic and Atmospheric Administration and NASA as well as several other partners.
› Tampa hotel revenue tops $758 million, breaking previous record set in 2019
Tampa Bay’s tourism industry is back strong in 2021, with hotel revenues topping $758 million – breaking the previous record, set in 2019, of $50 million. According to a press release issued by Visit Tampa Bay, the destination marketing organization for Tampa and Hillsborough County, STR Inc. – a division of the CoStar Group specializing in hotel data – Tampa Bay is now the nation’s #1 destination by hotel occupancy, ahead of Miami by 1.6%. The area ranks third, nationally, in revenue per available room category.
› Central Florida growers still assessing crop damage from weekend frost
Polk County citrus growers have mostly been spared the recent freezing temperatures. But pockets of damage to oranges, particularly in south-central Florida counties, have been observed by industry professionals. According to Tamara Wood, communications consultant for Florida Citrus Mutual in Bartow, these farmers were more likely to be negatively affected by frost and could end up reporting fruit damage.
› $100 per square foot? Prime office space rent puts Miami on par with New York
It’s a new record high price for offices in Miami – and it’s sending shockwaves through the city’s real estate market, at a time when businesses are still trying to figure out their return-to-work plans amid the coronavirus pandemic. extends. Recent rental activity at 830 Brickell, an office building under construction defined as Class A for its location, amenities and management services, has reached at least $100 per square foot, according to area realtors.
Go to page 2 for more stories…
In case you missed it: