The 850 Business Blog - News 2008

Hotel Duval Signs Shula’s Steak House

News & Notes from around Tallahassee Hotel Duval has signed Shula’s Steak House as its anchor restaurant. Named in honor of Hall of Fame Coach Don Shula, the winningest coach in NFL history, Shula’s 347 will open in March with…

Florida Exports Provide Economic Bright Spot

TALLAHASSEE –  Fueled by a weak dollar overseas and healthy Latin American partners, Florida exports boomed in 2008 as fertilizer, motor vehicles, aircraft and medical supplies led a surge of commodities and products at rates exceeding national trends.  Overall, international…

Florida Unemployment May Top 8 Percent

Florida could lose a total of 315,000 jobs by 2010 with unemployment rising as high as 8.4 percent, a University of Central Florida economist projected Thursday. Sean Snaith, director of UCF’s Institute for Economic Competitiveness, forecasts that unemployment will peak…

Budget Woes and Special Session

TALLAHASSEE — Not even the rosiest of glasses appear able to soften the glare as lawmakers face a $2.3 billion hole in the current year budget and a worse financial conundrum in the year to come. Senate President Jeff Atwater…

Pension Fund down by $40B

TALLAHASSEE — The value of the state pension fund has plummeted by more than $40 billion since last year in light of an economic maelstrom that has caused the state's investments to greatly decrease in value. Right now, the losses…

PSC Study: Utilities Could Meet Energy Goals

TALLAHASSEE — Florida's utilities could feasibly increase the amount of renewable energy they produce by 20 percent by the year 2020, as called for by Gov. Charlie Crist and environmental groups, according to a study presented Wednesday to the Florida…