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Concern over future leads Florida consumer sentiment to drop in April

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Florida consumers say they are a little less confident about the state’s economic future. As a result, consumer sentiment fell 3.5 points in April to 90.6, according to the latest University of Florida consumer survey. The reading is the lowest since October and lower than the previous 12-month average. Of the five components that make up the index, four decreased and only one increased. Perceptions of one’s personal financial situation now compared with a year ago show the greatest decline…

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Florida unemployment rate drops to 4.9% in March

in Statewide/The Bay and the 'Burg/Top Headlines by

The unemployment rate to continues to be on the decline, with Florida seeing a slight decrease in the number of jobless people in March. The state’s seasonally adjusted unemployment rate was 4.9 percent in March, down from 5 percent in February. According to the state’s Department of Economic Opportunity, the national unemployment rate was 5 percent in March. “We’re working every day to attract fast-growing businesses to Florida and help our local businesses get the resources they need to be…

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Floridians’ consumer confidence rose in March

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Consumer confidence is at its highest point in nearly a year. According to the Bureau of Economic and Business Research at the University of Florida, consumer sentiment rose to 93.4 in March. That’s up from February 2015, but still below March 2015’s reading, which was the highest reading in a decade. “Floridians are confident in the state’s economic growth,” said Cissy Proctor, the executive director of the Department of Economic Opportunity. “Florida’s positive indicators, such as job growth and a…

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Granite manufacturer relocates headquarters to Tampa, brings 50 jobs

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Granite and marble slab manufacturer Granex plans to move its headquarters to Tampa and add 50 employees in Hillsborough County over the next few years, Gov. Rick Scott announced Monday. “I’m excited Granex chose to move their first location in the United States to Tampa Bay. Since 2010, we have cut taxes over 55 times, including permanently eliminating the tax on manufacturing machinery and equipment this year, so we can continue to diversify our economy,” Scott said in a press…

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Florida’s unemployment rate dips to 4.9 percent

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Florida’s unemployment rate is at its lowest point in eight years. The state’s unemployment rate dropped to 4.9 percent in February, down from 5.6 percent a year earlier. That’s significantly down from December 2010, when the state’s unemployment rate was 10.7 percent. In a statement Friday, Gov. Rick Scott said the “unemployment rate is at the lowest it has been in eight years at 4.9 percent.” “We have cut taxes over 55 times since 2010, including more than $1 billion…

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Rick Scott activates emergency loan program for small businesses impacted by Lake O discharges

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Relief could be coming for some South Florida small businesses impacted by the Lake Okeechobee discharges. On Thursday, Gov. Rick Scott activated Florida’s Small Business Emergency Bridge Loan Program for more than 100 businesses affected by the releases. The move comes after theFlorida Department of Economic Opportunity conducted a survey to assess the economic damages in Lee, Martin and St. Lucie counties. “I’m committed to ensuring all those affected by the federal government’s releases from Lake Okeechobee can quickly recover…

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Florida TaxWatch backs Enterprise Florida fund, economic incentives

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Florida TaxWatch trumpeted the release of a new report Thursday morning, in which the conservative watchdog group endorsed plans to keep tax dollars flowing to economic incentives along the lines of those favored by Gov. Rick Scott, including $250 million Scott has requested for a dedicated fund for Enterprise Florida business recruitment efforts. The report, entitled “A Catalyst for Growth: An Analysis of Florida’s Economic Development Incentive Programs,” said incentives are bringing results in the form of job growth and better economic…

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