Florida college and university presidents are calling on Congress to pass immigration reform this year, saying it would be better for the state’s economy if foreign students could stay after graduation, instead of being forced to take their diplomas and leave.
economic development
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.
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.
Unemployment Rate Ticks Down to 7.3% But Job Creation Is a Hazy 162,000
The 7.3 percent unemployment rate for August is the lowest rate since December 2008, but job creation remains anemic, and June and July figures were revised downward by 74,000 jobs. The economy is still generating barely half the jobs necessary to return to pre-recession health.
Lawmakers File Bill to Prohibit Red-Light Cameras in Florida as Palm Coast Snaps On
GOP Sen. Jeff Brandes blames red-light cameras “as backdoor tax increases,” but the Palm Coast City Council Tuesday reasserted its commitment to its 43 cameras even as they siphon out more than $3 million a year from the local economy–in taxes to state government, and in revenue to ATS, the Arizona-based company that runs the system.
Florida Unemployment Stuck at 7.1% For 3d Month, Flagler’s at 10.3% On Low-Pay Jobs
The national economy, Florida’s and Flagler County’s might as well be the three twins of lethargy: all three economies are mirroring each other in fitful but anemic activity, adding some but mostly low-paying jobs as Florida’s unemployment rate remains at 7.1 percent for the third straight month and Flagler’s continues in the low double digits, at 10.3 percent.
Unemployment Falls Slightly, Job Rolls Grow Slightly, Austerity’s Anemia Persists
There’s nothing terribly bad about the July unemployment report, released this morning. There’s nothing terribly good about it, either: the economy added just 162,000 jobs, and the 7.4 percent unemployment rate is the lowest since December 2008, but improvements are at a crawl.
We’re the Most Educated Young Adults in American History, Yet Many of Us Can’t Find Work
What happens when we can’t find work and can’t pay our loans, asks Colleen Teubner. We invest about four years of our lives and up to hundreds of thousands of dollars in our education, and then spend the next decade trying to get out of ever-increasing debt.
Again in Flagler, Gov. Scott Headlines Aveo Co.’s 300-Jobs Groundbreaking at Airport
If the 300 promised jobs are produced, landing Aveo Engineering in Flagler County will prove to be the largest single gain of private-employer jobs in memory, and an unqualified success for the county administration’s new economic development department under Helga van Eckert. But the company is getting generous incentives beyond the $150,000 in cash for jobs retained.
Nielsen’s Aveo Engineering Taxies to Take Off at Flagler Airport in County’s Latest Jobs Coup
It’s been billed as a secret, jobs-producing company the county administration’s economic development team will unveil at the Flagler County Airport Tuesday morning, but there’s little secret about it: Aveo Engineering, a maker of LED light products in the aeronautic industry, is bringing some 300 jobs to the airport.
Obama in Jacksonville Thursday in Economy Tour as GOP Ridicules Visit
President Barack Obama plans an appearance Thursday in Jacksonville to talk about economic issues, and the Republican Party of Florida has already launched a counter-attack.
Flagler’s Unemployment Back in Double Digits While Florida’s Stalls at 7.1%, Mirroring U.S.
Flagler County’s unemployment rate shot back up to 10.2 percent as 830 fewer people had jobs, one of the sharpest drops of the year, though seasonal fluctuations account for much of that drop. Florida added just 2,300 private sector jobs.
Despite Adding 600,000 Jobs in 3 Months, U.S. Unemployment Remains at 7.6%
The U.S. economy added 195,000 jobs in June, and revised numbers increased April’s and May’s totals by 70,000 for a combined three-month job creation of nearly 600,000 jobs, but the unemployment rate remained at 7.6 percent, only 0.6 percent lower than it was a year ago.
Floridians’ Consumer Confidence Hits Post-Recession High as Personal Finances Improve
Stock market gains for the first part of June played a role, while perceptions of current buying conditions are at a post-recession high of 93. The last time it reached this level was April of 2007 when it was 97. Four of the five overall components that make up the index rose while one stayed the same.
Flagler Unemployment Ticks Up to 9.5% and Florida Sees Net Loss of 6,200 Jobs
Flagler County’s and Florida’s jobs picture in May reflected the nation’s as the economy appears to sputter more than to gain momentum, though longer-term trends remain encouraging, including a 2 percent jump in Flagler’s labor force over the month.
Hillsborough Grants Amazon $6.6 Million Gift as Tax Watch Endorses Online Sales Levy
The Hillsborough County Commission is the first of several local communities expected to throw tax-supported incentives at Amazon, as the usually anti-tax Florida TaxWatch declared support for online sales tax collection once Amazon starts doing business from a physical location in Florida.
“That’s Crap,” McGrew Tells Fuego Del Mar Owner After Accusation of Business Unfriendliness in Flagler Beach
When Fuego Del Mar Restaurant owner Nicolas Kimball accused the city of wanting businesses to be successful only up to a point, Flagler Beach Commissioner Joy McGrew shot back, sharply and unapologetically, setting down a marker against repeated accusations of business unfriendliness.
It’s On Again: Amazon Pitches 3,000 Jobs to Florida. Gov. Scott Mulls Over Tax Implications
A month after an announcement that plans had been scrapped for Internet retailing giant Amazon to build at least one warehouse in Florida, Gov. Rick Scott’s office Thursday said a deal is again in the works.
Gov. Scott Leads 80-Member Delegation to Paris Air Show in Latest Large-Scale Junket
The weeklong mission, the ninth international trade delegation fronted by Scott, is expected to focus on Florida’s aviation and aerospace industries, with some lawmakers questioning such trade missions, saying they lacked “empirical data” to directly link the economic benefits of the trips with any moves to Florida by a private foreign firm.
U.S. Economy Adds 175,000 Jobs But Unemployment Rate Rises Again, to 7.6%
The May unemployment rate of 7.6 percent is a decimal increase from April, and only a small decline from the 8.2 percent rate from a year ago as the U.S. economy continues to dawdle along, and in the face of further drags.
Tax Subsidy May Trigger Free for All as Florida Cities Grab for Spring Training Teams
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.
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.
Flagler Spirits: Nothing Micro About This Palm Coast Distillery’s Whiskey Rebellion
Jimmy Day’s Flagler Spirits micro-distillery in Palm Coast is part of the nation’s boom in a niche industry that develops specialty regional products, like Day’s whiskeys, vodkas and rums. He’s producing and marketing 1,000 gallons a month from his Hargrove Grade plant.
As Florida Bans Internet Cafés, Palm Coast’s Lingering Joints Place Last Bets on Eulogies
A FlaglerLive reporter, $50 in hand, made a tour of Palm Coast’s Internet cafes, only to find most of them closed already, and a mournful atmosphere at two that were open, not long before a bill banning the small gambling halls was sent to Gov. Rick Scott Thursday.
Economy Adds Just 88,000 Jobs as Unemployment Rate Falls to 7.6%
The March unemployment rate of 7.6 percent is the lowest in almost four and a half years, but despite adding half a million jobs in the last three months, the economy is showing worrisome signs of slowdown again from austerity at home and recessions abroad.
Daytona State Hires Point Man for Federal Jobs-Training Program Combatting Outsourcing
Randall White is the new project manager of Daytona State College’s federally funded Trade Adjustment Assistance Community College Career Training initiative, designed to help retrain those losing work to outsourcing.
Flagler’s 10.3% Unemployment Is Lowest Since August 2008, Florida’s Matches 7.7% U.S. Rate
Flagler County’s unemployment rate fell sharply in February, to 10.3 percent–from 11 percent the previous month–and matched its lowest level since August 2008. Florida’s unemployment rate also continued to fall, matching the national rate, at 7.7 percent, in February while adding 7,800 jobs. Flagler continues to rank among the counties with the highest unemployment rate, […]
As Obamanomics Trickles Down, Florida’s Unemployment Rate Drops But Flagler’s Lags
Though improving, Florida’s unemployment rate is still 33rd out of the 50 states, while Flagler’s, at 11 percent, remains the second-worst in the state, after Hendry’s 11.4 percent.
Fuego del Mar Restaurant in Flagler Beach Spices Up Town’s Gastronomic Renaissance
Nicholas Kimball’s Fuego del Mar restaurant on A1A’s Oceanshore Boulevard in Flagler Beach is expected to employ 100 people and provide high wages to full-timers while burnishing the city’s growing reputation as the county’s destination for authentic, original, non-chain restaurants.
U.S. Economy Adds 236,000 Jobs as Unemployment Falls to 7.7%, a 4-Year Low
The last time national unemployment clocked in at 7.7 percent was in December 2008, before Barack Obama was president. It did so again in February as the economy added 236,000 jobs, totaling just over 1 million jobs in the last six months. Most sectors gained, including construction and manufacturing.
Sea Ray Boats in Palm Coast Benefits from Plant Closures Elsewhere, With Cautions
Consolidation will likely add to the payroll in Flagler County, and do so with well-paying manufacturing jobs. It also puts to rest, at least for now, worries that Sea Ray’s local plant would either close. But the company is facing tough economic headwinds even as it stock soars to seven-year highs.
Still Unpopular as Election Approaches, Scott Slouches Left in 3rd State of the State
As Gov. Rick Scott stepped to the podium Tuesday morning for his third State of the State address — a sort of unofficial midpoint in his term — he embarked on a very different path than the ultraconservative businessman who spent his first two years trying to shake up Tallahassee.
In a Coup for Coastal Cloud, Gov. Scott in Flagler Today to Dedicate New IT Company
Florida Governor Rick Scott will join the Flagler County Commission Tuesday morning in the ribbon cutting ceremony of Coastal Cloud, a cutting-edge Information Technology consulting company to be headquartered in Flagler County.
For the Unemployed in Flagler, Fewer Training Dollars and More Obstacles in Benefits’ Way
The rush for demand has all but sapped funding for worker training training from a Flagler County agency this fiscal year, even as Flagler continues to have Florida’s leading unemployment rate. It was 11.2 percent in December.
Gov. Scott Facing Mounting Questions From His Own Party Over Jobs Agenda, and Expenses
Gov. Rick Scott’s aggressive economic development effort is getting more legislative pushback as budget committees in both chambers questioned the direction, expense and oversight of the governor’s “jobs, jobs, jobs” agenda.
Integrity Report Critical of Enterprise Florida as an Obstacle to Job Creation Is Itself Tainted
Questionable bonuses, conflicts of interest and a ‘pay to play’ mentality is hampering taxpayer driven economic development efforts, according to a study conducted by Integrity Florida and paid for by Americans for Prosperity/Florida, a conservative advocacy group funded in large part by the Koch brothers.
Coastal Cloud, a Next-Generation Computing Management Firm, Unveils Plan for 100 Jobs
Coastal Cloud is a newly-formed subsidiary of Graphene LLC, a computing consultancy, that will provide cloud-based data management services while hiring locally some 100 jobs over three years, at an average wage of $46,500, the company announced to the county’s economic development council today.
U.S. Economy Adds 600,000 Jobs in 3 Months, But Unemployment Edges Up to 7.9%
The nation’s economy added 157,000 jobs in January, and revisions to November and December figures added 127,000 jobs to previous calculations, for a total of 600,000 new jobs in the last three months. Still, the unemployment rate went up a fraction, to 7.9 percent: job growth hasn’t been robust enough to go beyond the natural growth in the workforce.
Economic Growth Contracts By 0.1 Percent In Worst Showing Since 2009, With Asterisks
It is a sharp and unexpected decline from the previous quarter’s 3.1 percent growth rate, but may be due top one-time shocks, including a 22 percent decline in military spending and Hurricane Sandy. Several indicators, including personal spending and saving and residential investment, are encouraging.
Union-Busting’s Tasteless Florida Flavors
Labor union membership has been in precipitous decline since 1980, along with with a decline in job security, workers’ wages and benefits, and Americans’ standard of living. It’s not a coincidence, though the vilification of labor unions continues.
Unemployment Rates in Flagler and Florida Improve Even as 15,300 Fewer Have Jobs
Unemployment in December fell to 8 percent in Florida and 11.2 percent in Flagler County, lowest in four years, yet Florida lost more than 15,000 jobs, and Flagler lost 76, as the weak recovery combines with harsher rules discouraging workers from seeking unemployment benefits or staying in the labor force.
Economy Unimpressively Adds 155,000 Jobs in Holiday Month as Unemployment Rises to 7.8%
The American economy cannot shake its anemia, adding 155,000 jobs in December–not quite good enough to keep up with normal growth in the labor force, as unemployment edged back up to 7.8 percent.