New rules for spring training funding offer up to $666,660 a year in sales tax revenue for stadium upgrades or construction if a community seeks to retain or entice a single team to move. The funding can jump to $1.33 million if a community can cobble together a two-team package.
economic development
Flagler’s Jobless Rate Drops to 9.3% as Local Employment Grows; Florida’s Falls to 7.2%
Florida’s unemployment rate fell sharply from the previous month, to 7.2 percent in April, as 17,000 jobs were created statewide, bringing the unemployment rate to its healthiest level since September 2008, when it was 7 percent. It also brings Florida’s rate below the national rate of 7.5 percent. In Flagler County, the rate fell two decimal points, to 9.3 percent, spurred by growth both in jobs and in the local labor force.
Florida Loses Out on Amazon Deal, and Up to 3,000 Jobs, Over Sales Tax Fumes
In a statement issued Thursday, Gov. Rick Scott’s administration implied that if Amazon were to locate in Florida and begin collecting taxes, that would amount to a tax increase on Florida residents who use the popular shopping portal.
Record $288 Million in Taxpayer Cash Flows to Florida’s Cargo and Pleasure Cruise Ports
Florida’s seaports are set to embark on a massive round of 26 waterfront and transit upgrades as Florida seeks to expand its trade with partners in Central America and South America, while working to attract more Asian traffic that has grown via the Suez Canal and the expansion of the Panama Canal approaches completion.
Despite Snubbing Obamacare, Florida Gets Thousands of Jobs and Cash from Health Act
Even though Florida officials tried to block the implementation of the Affordable Care Act at every turn over the past three years, the state will gain millions in grants and hundreds of new jobs this year from its implementation.
Florida Hospital CEO David Ottati, Major Force in Local Economy, Leaving for Tavares
David Ottati, the CEO at Florida Hospital Flagler for the past seven years, where he oversaw a vast expansion that increased hospital employment past 1,000 and helped cushion the local economy’s severe downturn of the past few years, will be leaving the hospital to take a new post as CEO of the 269-bed Florida Hospital Waterman in Tavares, in Central Florida, in early June.
Flagler’s Tourism Industry Takes Its Pulse, Declares Itself Healthy, and Cheers Its “Heroes”
In Flagler County, 2,600 people work in tourist businesses, which have weathered the recession and are seeing strong, sustained activity. Flagler County’s annual Hospitality Employees Recognition of Excellent Service (or H.E.R.O.E.S.) awards lunch at the Hammock Beach Resort Thursday was an occasion for the county’s tourism industry to cheer its own.
Grinding Down: U.S. Unemployment Falls to 7.5% as 165,000 Jobs Are Created
The national unemployment rate ticked down to 7.5 percent in April, from 7.6 percent in March, as the economy added 165,000 jobs, a bit more than analysts had predicted. But job-creation figures for the two previous months were revised upward, with 332,000 jobs created in February (instead of 268,000) and 138,000 in March (instead of 88,000).
Forget Rio: Palm Coast Lands Soccer Academy in Planned Expansion of Economic “Niche”
The New Jersey-based Player Development Academy will build up to six fields on 65 acres west of U.S. 1 that will link with the Indian Trail Sp[orts Complex–and with Palm Coast’s sports-niche market, which has turned into an engine of economic development.
Milestone: Flagler’s Unemployment in Single-Digits, at 9.5%, for 1st Time in 5 Years
For the first time since June 2008–almost five years–Flagler County’s unemployment has fallen back to single digits, registering 9.5 percent in March as the local economy continued to mirror the state’s and the nation’s, improving slowly but steadily.