Several factors have slowed the economy in the first quarter: harsh winter conditions, recession in Europe and a surging dollar, which hurts exports. Even lower oil prices, which have benefited consumers at the pump, have crimped investment in the energy sector, reducing job expansion there.
economic development
Chick-fil-A Phenomenon Camps Out in Palm Coast: If Grateful Dead Fans Loved Chikin
Chick-fil-A’s grand opening in Palm Coast brought with it what has become a near-cult following of groupies, overwhelmingly from out of town, who camp out for 24 hours to earn their 52 free meals. A profile of the phenomenon, and the company.
Flagler’s Unemployment, No Longer Leading State, Plummets Below 7% For First Time Since 2007
Flagler’s 6.9 percent unemployment rate sent the county down to 14th place among counties with the worst unemployment, ending years of Flagler sitting at or near the top of that chart.
Sea Ray’s View: We Are Building a Safer Parking Lot, Not Expanding Production
Craig Wall, operations manager at Sea Ray’s Palm Coast plant, counters concerns about the company’s intentions by laying out precisely what the manufacturer intends to do–and not do.
We Don’t Oppose Sea Ray. We Oppose Pollutants and Debasing Flagler Beach’s Quality of Life.
Two Flagler Beach residents lay out the case against Sea Ray’s proposed land use change to accommodate a parking lot, a change opponents say paves the way for more pollution without compelling the company to take stronger toxic-emission control measures.
Palm Coasters Rate Their Town: Great Bedroom, Terrible Workplace, Measly Shopping
Palm Coast residents love their government services even as they attack them in a broad survey, but they also find work opportunities dismal and shopping and cultural opportunities not much better.
Another Strong Month Adds 295,000 Jobs to Economy, Lowering Unemployment to 5.5%
Wages continue to sag, growing by just 3 cents over the month, and just 2 percent over the past year, not enough to overcome inflation, let alone give workers a sense that they’re getting ahead.
Major Layoffs Hit News-Journal and Ex-Halifax Chain 3 Months After GateHouse Takes Over
Four newsroom employees lost their job and seven employees lost theirs in advertising. The Flagler Bureau, down to three reporters, is about to lose another as Natalie Kronicks leaves to join the Flagler County government’s communications office, coordinating marketing efforts.
“Halleluiah Jesus”: From “Project Hot Dog” to Foreign Investors, Flagler Sees Commercial Real Estate Turn-Around
Ukrainian entrepreneurs, Chinese investors and local businesses looking to expand are resulting in robust new activity on Flagler’s long-dormant commercial real estate sector, the county’s economic development council learned this morning.
Strong Job-Creation Pace Continues, Adding 1 Million in Last 3 Months
The U.S. economy added 257,000 jobs in January, continuing a job-creation pace not seen since 1999, when the economy added 3.18 million jobs overall. The unemployment rate ticked up to 5.7 percent.
South and West Palm Coast Getting 2, Possibly 3 New Gas Stations, With First Opening in June
A gas station on Pine Lakes Parkway and Wynnfield Drive will open in June while Race Trac is securing permits to open a station on SR100 and Seminole Woods Boulevard.
No Surprise: Florida’s Economic Development Agency Wants Tax Subsidies for Daytona Speedway, Jaguars and 2 Other Sports Venues
Daytona International Speedway is seeking $3 million a year for 30 years to subsidize its operations, the NFL’s Jacksonville Jaguars have asked for $1 million a year for three decades.
Flagler Unemployment Falls to 7.6%, Lowest Since April 2008, as State and Nation Improve
Flagler County’s better numbers in December are clouded by the fact that they are not do to healthier job creation, but rather to a decreasing in the county’s labor force.
Unemployment in Flagler Falls to 8.1%, But Labor Force and Employment Rolls Shrink
Flagler County’s unemployment rate continued to improve in November, falling to 8.2 percent, the fourth successive monthly improvement and the lowest rate since the Great Recession as Florida’s rate, too, fell in November, matching the national rate of 5.8 percent.
Job Creation Surges to 321,000 as Year’s Totals Approach Best Showing Since 1999
The national economy added 321,000 in October, the best showing since February 2012, when it added 332,000 jobs, and job-creation figures for September and October were revised upward, adding 44,000 jobs to the tally, for a total of 835,000 in the last three months. But the unemployment rate, calculated from a different survey, held at last month’s 5.8 percent.
U.S. Unemployment Drops to 5.8% as Economy Adds 214,000 Jobs, Maintaining Average
The nation’s unemployment rate dropped to 5.8 percent in October, a level last seen in July 2008, when the rate was rapidly rising, and the economy added 214,000 jobs, continuing a steady if somewhat slow recovery.
Unemployment Falls to 5.9% as Economy Adds 248,000 Jobs, Brightening Outlook
After nine months in the 6 percent range, the national unemployment rate in September fell to 5.9 percent, reaching a level last seen in July 2008, when it was rising fast.
Florida Sheds 4,000 Jobs and Unemployment Rate Ticks Up to 6.3%, Also Rising in Flagler
In Flagler County, the unemployment rate went up to 9.5 percent, the number of people with jobs fell by 207, and the labor force, an indicator of local economic vitality, fell by 186 after rising in previous months.
Tepid Jobs Report Leaves Unemployment at 6.1% With Lowest Job Creation Since January
The economy created just 142,000 jobs in August, the Labor Department reported this morning, the lowest total since January, when 129,000 jobs were created. The unemployment rate dropped by just a decimal point, to 6.1 percent.
Unemployment Down, Food Stamps Use Up, Pointing to Recovery’s Bane: Underemployment
The overall U.S. unemployment rate has steadily declined since the recession officially ended in June 2009. But many Americans still are finding it hard to get by, even if they do have jobs. A key indicator of economic hardship—enrollment in the Supplemental Nutrition Assistance Program (SNAP), commonly known as food stamps—is higher in every state than it was five years ago, even though unemployment has dropped in every state during the same period.
Daytona State’s Palm Coast Campus Celebrates Its New Addition at 4 PM Today
The 24,000 square foot expansion is anchored by a stately-looking two level building, a $7.6 million project. The ribbon cutting runs from 4 to 6 p.m. today at 3000 Palm Coast Parkway SE.
Economy Adds 209,000 Jobs But Unemployment Rate Ticks Up to 6.2%
Mediocre: it’s the The best that can be said about the unemployment report for July as the economy added 209,000 jobs, about 20,000 jobs short of expectations, and the unemployment rate edged up to 6.2 percent, from 6.1 percent the previous month.
Palm Coast Data Lost 70% of Clients in 6 Years; Parent Company Posts $2.9 Million Loss for ’14
Palm Coast Data now performs subscription fulfillment services for 405 magazine titles representing 90 clients, down from 1,050 magazines and 300 clients when it inked a deal with Palm Coast government in 2008 to stay in the city and pledge to increase the workforce by 700. That increase never took place.
Flagship Schools: How Flagler District Is Changing the Way Students Learn, and Prepare for Careers
The goal is to begin the college and career readiness process much earlier and more comprehensively. The program, incorporated into the normal daily curriculum, is based STEM initiatives, with an eye toward preparing students for employment in area industries.
In a Boon to Flagler, National Guard Will Bring “Hundreds of Troops” to County Airport in Long-Term Lease Agreement
The Army National Guard’s 10-year lease agreement with Flagler, to be revealed to the County Commission Wednesday, fills a 19,000-square-foot building at the airport, for $15,185 a month, after the county saw four tenants in eight years fail to make good on their leases there.
Flagler Unemployment Ticks Up For 2nd Straight Month, Masking Vast Improvements
Despite traditional unemployment figures, the jobs situation in Flagler County is vastly improved, and continues to improve, with a 38 percent drop in people without jobs since four years ago and a labor force stronger by 3,000.
Bull Creek Restaurant, Seasoned By Woody’s BBQ Owners, Dedicated at Flagler’s West End
Bull Creek Restaurant on the shores of Dead Lake and in the heart of Bull Creek Camp Ground in western Flagler was dedicated Tuesday morning as the owners of Woody’s BBQ in Palm Coast take on the breakfast, lunch and dinner establishment to the delight of residents at the west end of the county.
288,000 New Jobs in June Add Up to 2.5 Million This Year, Most in Eight Years
Unlike in previous months, the bright jobs picture in June was the result of more people getting jobs and fewer people losing them–as opposed to more people dropping out of the labor force.
Flagler Unemployment Ticks Up to 8.6% as Labor Force Surges By 2% And Jobs Increase
Flagler’s unemployment rate in May ticked up slightly to 8.6 percent, from 8.3, but the increase was largely due to a large influx of workers into the labor force, which grew by 727 people over the month, or 2 percent, to 36,068. Flagler County residents with jobs increased by 550, a 1.7 percent improvement over the previous month, for a total of 32,952 people with jobs.
Staving Off a Major Blow, Palm Coast Data Settles With German Publisher, Extending Relationship
Heinrich Bauer LLC, one Palm Coast Data’s major clients, released some claims on the company in exchange for more than 10 percent of the company’s stock and a pledge to stay with Palm Coast Data through 2018. The alternative would have represented a significant blow to Palm Coast Data, which has already been weakened by successive losses over the years.
Lifelong Republican Turned independent: Howard Holley Launches All-Business Bid For County Commission
Howard Holley, a Hammock business executive, would face Flagler County Commissioner Frank Meeker in November if Meeker doesn’t have a primary opponent, no black candidate and no independent candidate has ever won a county commission seat.
Flagler Unemployment Creeps Up Again, to 9.4%, But Labor Force and Net Jobs Grow
Flagler County’s unemployment rate again rose in February, to 9.4 percent, a decimal-point increase over the previous month and some 80 more people went on unemployment. But The county’s overall employment went up sharply, by 364 (for a total of 31,976), and the county’s labor force went up even more, by 442–both signs of growing strength in the local economy as more workers seem encouraged to join the labor force, and more workers are actually finding jobs.
Unemployment Spike to 9.3% in Flagler Masks Larger Labor Force, More Job Creation and Flurry of Development Ahead
Flagler County’s January unemployment is up sharply from from 8.8 percent in December. but in a brighter sign, the county’s labor force also added some 400 people, there was a net gain of some 200 jobs, and numerous commercial, residential and government construction projects suggest that the county’s economy is brightening.
If It’s Economic Growth You Want, Raising the Minimum Wage Crushes Wall Street Bonuses Every Time
If the $26.7 billion Wall Streeters pulled in on their bonuses last year had instead gone to minimum wage workers, our economy would be expected to grow by about $32.3 billion — more than triple the $10.4 billion boost expected from the Wall Street bonuses.
Economy Adds 175,000, Reversing
Early Winter Plunge; Unemployment at 6.7%
Despite successive cold spells and snow storms in the east, the national economy added 175,000 jobs in February, reversing a two-month trend that saw job creation fall. The unemployment rate, however, ticked up a decimal point, to 6.7 percent.
Enterprise Florida’s Version of Economic Development: Lavish Perks at Steakhouses, Hotels and Yankee Stadium
Enterprise Florida, The state’s economic development agency, is under fire again. This time, a recent report highlighted lavish spending by its staff, which prompted a watchdog group to ask the governor to launch an investigation.
Palm Coast’s Entrepreneur Night Taps Into a Diversity of Niches, Pollinating Local Business
In its two years on the Palm Coast business scene, Ky Ekinci’s monthly Entrepreneur Night has grown from a gathering of 20 people who knew each other to an event that consistently draws more than 100 people from all walks of business.
How Obamacare’s Enemies Turned a Victory For Workers’ Freedom Into a “Job Killer”
The prediction that Obamacare will lead to the equivalent of 2.5 million fewer jobs has nothing to do with businesses cutting the workforce and everything to do with workers being finally free of job-lock, now that they don;t need to stay in a job to have health insurance. That’s a good, and very American, thing, not the job-killing catastrophe Obamacare’s enemies make it out to be.
Unemployment Falls to 5-Year Best 6.6%, But Job Creation Weakens to 113,000
The national unemployment rate continues its steady downward fall, to 6.6 percent in January–its best showing since the 6.5 percent rate recorded in October 2008, when it was on its way up–but for the second month in a row, job creation fell far short of expectations, to 113,000. It was a revised 75,000 in December, the worst successive two-month results in a year and a half.
Do You TALKiT? Palm Coast Venture Looks to Revolutionize Social Media With Voice App
TALKiT, a new app created by Palm Coast’s Curtis Ceballos and that will launch on Memorial Day, aims to give voice to texting and to revolutionize the social media landscape with an innovation that has no rivals as yet. The venture is catching the attention of Flagler County’s economic development department.
Proposed Law Would Halt New Red-Light Cameras and Cut Fines By Half to End Profits
Besides no longer allowing municipalities and counties to install red light cameras after July 1, the proposal would cut fins to $83 and allow local governments to impose only a $25 surcharge on tickets to fund the existing systems, which would be allowed to continue. That would lower Palm Coast’s and its private provider’s take by two thirds, likely rendering the system too expensive to run.
Unemployment Falls Sharply to 9.2% in Flagler, But County’s Workforce is Thinner By 1,000 Over the Year
There were 92 fewer jobs in the county over the month, and 82 fewer unemployed people. But the labor force lost 174 people over the month, continuing a worrisome trend that has persisted for more than a year.
Unemployment Falls to 7%, Lowest Level in 5 Years, as Economy Adds 203,000 Jobs
The national unemployment rate fell to 7 percent in November, the lowest level since December 2008, when it was 6.8 percent. The economy added 203,000 jobs over the month, continuing relatively strong growth since summer despite the 17-day government shut-down in October.
Flagler’s Unemployment Down to 9.4%, But Labor Force Is Shrinking; Florida’s Rate at 6.7%
Flagler’s lower unemployment rate is not being driven by an increase in the number of people with jobs, but by a significant decrease in the labor force, which has shrunk 4 percent over the year. The number of Flagler residents holding jobs declined by 343 between September and October, and by 821 people over the year.
What Government Shutdown? U.S. Economy Adds 204,000 Jobs, Beating Expectations
The three-month tally of 605,000 jobs is the best three-month total in almost two years, though the unemployment rate still went up by a decimal point, to 7.3 percent as the labor force shrank by 720,000 in October, a reflection of the government shutdown.
Palm Coast Getting Fleeced of Red-Light Camera Dollars, Harming Local Economy
In September, the 43 red-light cameras in Palm Coast generated $255,740 in fines, what would work out to an annual total of $3 million. The state and ATS, the private company running the system, took more than seven times the revenue share left Palm Coast, which means that the overwhelming majority of the money is leaving the local economy.
Shutdown-Delayed Unemployment Report: Rate Down to 7.2% But Only 148,000 New Jobs
The September unemployment report due on Oct. 4 was released only at 8:30 this morning, delayed by the 16-day government shutdown. But it could have been predicted, as it follows the pattern of most reports of the past three years: anemic job growth, very slow decline in the unemployment rate, and checkered signs of improvement (or retreat, depending on your point of view) ahead.
Taking Competition Seriously, FPC Focuses Its Own Promotional Video on Economic Impact
An eight-minute promotional and marketing video about Flagler Palm Coast High School, produced by students, reflects the intense competition even public schools now face to stay relevant, and is catching the eye of economic development officials, who see it as a means of broadening the county’s story and potential to prospective residents and businesses.
A Tiff, and Broader Implications, In County’s Hope of Eliminating Voter Voice in Economic Development
In a reflection of government-backed economic development’s dim luster, Flagler County want to eliminate voters’ role in giving local governments authority to extend tax breaks to companies. That proposal led to a clash Monday between government critic Dennis McDonald and Commissioner Barbara Revels.
Where Fast Food Workers Make Twice the US Minimum Wage, and Have Benefits
Critics say a living wage of around $15 an hour would drive fast-food restaurants and other retail firms out of business — and millions of their employees out of work. Australia’s experience, where workers make $15 an hour, shows why that argument is bunk, argues Salvatore Babones.