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Florida’s unemployment rate holds at 4.7% in June

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Florida’s unemployment rate remained unchanged in June, marking the second month in a row where the jobless rate was at 4.7 percent. The rate has steadily been on the decline, and the June unemployment numbers mark the lowest rate since 2007. The rate is below the national unemployment rate of 4.9 percent in June. “Florida added another solid chapter to our economic story in June,” said Cissy Proctor, executive director of the Florida Department of Economic Opportunity. “Our unemployment rate…

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DEO loan program case heads back to court

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A fight over a legislatively created loan program to help companies rebound from the recession will be back in court next month. On July 6, Circuit Judge Terry Lewis is set to hear a request from the Department of Economic Opportunity (DEO) to award it more money in a case over the program. Lewis sits in Tallahassee. The department wants its final judgment against the Black Business Investment Fund of Central Florida (BBIF) changed to add prejudgment interest of almost $202,000 and boost the total monetary award to $1.26 million. The request…

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Review says it’s mostly sunny for state tourism agency, Visit Florida

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State officials have given a good review of Florida’s tourism marketing agency and a second outfit that promotes the aerospace industry. Gov. Rick Scott earlier this year called for the reviews of both Visit Florida and Space Florida. Scott ordered the review of Visit Florida after the Orlando Sentinel reported taxpayers paid thousands of dollars for Chinese and other foreign journalists to vacation in the Keys. The state also paid unknown amounts to celebrities, race car drivers and soccer teams…

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Florida to get $5 million from failed visual effects studio

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Florida will only get back a small portion of the millions it invested in a failed visual effects film studio whose high-profile bankruptcy was used in the contentious 2014 election between Gov. Rick Scott and Charlie Crist. State and local governments in April reached a settlement in a complicated legal battle that involved filings in bankruptcy court as a well as a civil lawsuit filed in St. Lucie County. A bankruptcy judge approved the settlement earlier this month and the…

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Florida leaders hope to keep graduates in Sunshine State

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The state of Florida has a request for graduates this commencement season: Stay in Florida. The push to keep Florida graduates in the Sunshine State was a constant theme during the 2016 Degrees to Jobs Summit at the Loews Portofino Bay Hotel at Universal Orlando. The two-day summit wrapped up Thursday with a series of panels focused on keeping graduates in Florida. “When I graduated from University of Florida, so many of my classmates left Florida. They went to Austin,…

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Rick Scott kicks off 2016 Degrees to Jobs Summit

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Calling it an opportunity to connect businesses and university leaders, Gov. Rick Scott kicked off his 2016 Degrees to Jobs Summit in Orlando on Wednesday morning. The goal, Scott told a room of about 350 university, college and business leaders, is to “challenge everything we’re doing.” “This is going to be a fun two days,” he said. The two-day summit aims to connect Florida’s business leaders with university and college officials about how to best prepare students for the workforce.…

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Florida unemployment rate drops to 4.8 percent in April

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Florida’s unemployment rate continues to be on the decline, according to April jobs numbers released Friday. Gov. Rick Scott announced the state’s unemployment numbers during a stop in Orlando on Friday morning. The unemployment rate dropped to 4.8 percent in April, down slightly from 4.9 percent one month earlier. “Florida job creators are adding new opportunities each day, and it is clear that our work to cut taxes and support economic growth is making a difference for families in our…

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