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Gross domestic product

Dennis Ross: Giving community banks, credit unions Financial CHOICE

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This week, the House of Representatives will consider an important financial reform package, known as the Financial CHOICE Act, which provides desperately needed relief to community financial institutions from the harmful, complex and excessive regulatory environment created by the Dodd-Frank Act. The Dodd-Frank Act, signed into law by President Obama in July 2010, was more than 2,000 pages long and directed federal regulators to implement more than 400 new rules and regulations to reform our financial system. When the Dodd-Frank…

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Rick Scott: Florida GDP continues to outpace national growth rate

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Florida’s gross domestic product grew by 3 percent last year, outpacing both the national rate of 1.5 percent and the other large states, Gov. Rick Scott announced Friday. “This great news is further proof that our economy is booming and we must stay focused on continuing this growth so Florida can out compete other locations for jobs wins,” Scott said. “While it is disappointing that the Legislature did not fully fund Florida’s economic development programs, we will keep fighting to…

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Florida’s economic development efforts are ‘underperforming’

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Florida’s state economic development efforts are “underperforming,” according to a new legislative report.   An undesirable label by any standard, critics and lawmakers already skeptical of providing taxpayer support for private businesses are likely to seize on the bureaucratic euphemism and underlying findings to bolster their anti-incentives position ahead of the March state legislative session. The Office of Program Policy Analysis and Government Accountability, a nonpartisan legislative research office, conducted a comprehensive review of Enterprise Florida Inc. and the Department of…

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Florida GDP outpacing all other large U.S. states, Rick Scott says

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Gov. Rick Scott announced Tuesday that the Sunshine State’s economic output grew faster than all other large states and even outpaced the national average in the second quarter of 2015.  “Florida’s GDP outpacing all other large states, and the nation as a whole, is another indicator that our economy continues to grow,” Scott said in a news release. “We have added over 1 million new jobs in the last five years and we are seeing the positive effects of this…

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