News

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…

Jolly Bay sues Walton County

FREEPORT — Landowner Jolly Bay LLC has sued Walton County seeking to reverse the county commission’s decision to deny its project.   The planned development, which would include a recreational vehicle park, a bed & breakfast, a 73-unit condominium, a…

State Economy at 'Beginning of the Pain'

TALLAHASSEE — The Legislature's chief economist this week said the numbers to be released Friday on the state's fiscal outlook won't be pretty and lawmakers will be forced into some tough decisions in the coming year. At a presentation for…

Lobbying Rules Before Court This Winter

Florida lobbyists soon will get their day in court in a bid to overturn an almost three-year-old state law requiring them to disclose who pays them and how much, and also bars gifts to legislators. The Florida Supreme Court has…

Tax Group: Fix Corporate Tax Glitch

A glitch in Florida’s tax code may cost corporations the benefits of a recent federal economic stimulus package and state lawmakers need to fix it now, Florida TaxWatch urged on Monday. If lawmakers don’t fix the glitch, corporations may lose…

Service-Disabled Vets Get Business Help

TALLAHASSEE — Service-disabled veterans are being added to the groups of minority business the state assists through the Department of Management Services’ Office of Supplier Diversity. Gov. Charlie Crist signed House Bill 687 in June to create the Florida Service-Disabled…

BB&T Corp. Gives $3 Million to FSU

TALLAHASSEE — Efforts by two colleges at Florida State University to expand their business-related academic offerings have received a significant boost, thanks to a pair of major gifts announced today by financial services company BB&T Corp. (www.bbt.com). Joined by FSU…

FSU Entrepreneurial Bootcamp Helps Disabled Veterans

TALLAHASSEE — Army veteran Andrew Wyatt credits Florida State University’s Entrepreneurship Bootcamp for Veterans with Disabilities with jump-starting his career after he was wounded in Iraq. “I am sitting in front of an ocean of business cards from some of…

Small Business Disaster Assistance Available

ATLANTA — The U.S. Small Business Administration has announced that certain private, non-profit organizations (PNPs) that do not provide critical services of a governmental nature may be eligible to apply for low interest rate disaster loans. These loans are available…

JOE Reports Third Quarter Losses

JACKSONVILLE — The St. Joe Company (NYSE: JOE) today announced a net loss for the third quarter 2008 of $(19.2) million, or $(0.21) per share, compared to a Net Loss of $(6.8) million, or $(0.09) per share, for the third…

Florida Home Sales Rebound in September

For the first time in almost three years, Florida’s existing home sales rose in September, a 24 percent increase in activity in the year-to-year comparison; last month’s sales of existing condos statewide increased 11 percent in the year-to-year comparison, according…