After scoring a series of successes in the Daytona Beach News-Journal’s backyard and launching an ambitious effort to go head-to-head with the twice-weekly News-Tribune a little over a year and a half ago, the Palm Coast Observer is doing what most newspapers have had to do to survive: it’s cutting back.
Local Business
Dispute Over Possibly Improper Rate Hikes Pits FPL’s 1% Against 99% of Customers
The state Supreme Court took up a challenge Thursday to hundreds of millions of dollars in rate increases approved last year for Florida Power & Light ij an agreement one Justice said reflected the wishes of 1 percent of commercial users against the wishes of 99 percent of FPL’s remaining customers.
Despite Slight Fall in Unemployment Rate, Flagler and Florida Lose Jobs in August
Florida’s unemployment rate fell a fraction, to 7 percent, in August, and fell to 10.1 percent in Flagler County, but Florida actually lost a net 4,700 jobs in the past month, and Flagler lost a net 181 jobs as the workforce shrank significantly.
Sen. Dorothy Hukill Proposes Cutting Sales Tax on Commercial Rental Property to 5%
Senate Finance and Tax Chairwoman Dorothy Hukill of Port Orange’s proposal could cut $250 million a year from state revenue. Business leaders want the tax, currently at 6%, eliminated altogether as Gov. Rick Scott travels the state on a tax-cutting tour.
Homes Sales and Inventory Decline a Bit in Flagler as Interest Rates Continue to Rise
After July’s buoyant home-sale figures in Flagler County, which hit a post-recession high of 243 closed sales for the month, August’s numbers are somewhat less bubbly, but the trend remains solidly positive even as interest rates creep up.
Palm Coast Data Parent Warns Grimly: Don’t Expect “Profitability in Near Term Or at All”
In the most sobering annual report to investors to date, Palm Coast Data parent Amrep Corp. raises numerous questions about the long-term viability of its operations as debt, recurring losses and competition burden its prospects–and those of what was once Palm Coast’s largest private employer.
Florida Festivals and Events Association Hosting Workshop at Palm Coast’s Hilton Garden Inn
The Florida Festivals and Events Association (FFEA), the state’s primary professional organization for producers, vendors, and sponsors of festivals, fairs and special events, is hosting a workshop and seminar at the Hilton Garden Inn Palm Coast on Thursday, October 10, for all those interested either in learning the ropes or capitalizing on special events.
Aveo Engineering Set to Sign 40-Year Lease for Flagler County Airport Sites
Aveo Engineering, which plans to hire some 300 people by 2016, will pay $1,089 a month per acre, and intends to build two structures on up to a dozen acres at the south end of the airport, including a design and manufacturing plant.
Swipe 4 the Kids: Clerk of Court Gail Wadsworth Lauds New Credit Card Venture
It was an unusual endorsement from Gail Wadsworth, Flagler County’s clerk of court, before her Rotary Club Tuesday, but using her own office as an example, she touted the power of a new credit card transaction-fee company’s mechanism as an effective way for local businesses to raise large sums of money for their favorite children’s programs–at no new cost to businesses or customers.
Flagler Chamber Signals More Political Engagement With New Government Affairs Director
In the latest signal of the Flagler County Chamber of Commerce’s growing political profile, the chamber on Tuesday announced that it was creating the position of government affairs director, and appointing Gretchen Smith to fill it. Smith has been the chamber’s communications director since joining the chamber five years ago.