News

Progress Energy Settlement Freezes Utility Rates

Attorney General Bill McCollum and Public Counsel J.R. Kelly today announced that they have reached a settlement with Progress Energy Florida on behalf of Florida consumers to freeze base rates for Progress customers through 2012. The agreement will also cap…

Businesses Already Hurt, Regardless of Oil Locale

Florida remains the white-sand wonder that has attracted tourists for decades, but even the threat of oil soaked beaches or the waters that sculpt them is costing Florida businesses millions, representatives of Florida hospitality industry said Thursday. Faced with a…

Gubernatorial candidates divided on cure for economy

TALLAHASSEE — Florida’s three leading contenders for governor are divided on how to kick-start the state’s stalled economy, particularly on how to dole out tax incentives to business groups and industries. While Democrat Alex Sink and Republican Paula Dockery both…

Jobless tax changes may come quickly

TALLAHASSEE — House Speaker Larry Cretul laid out a plan Thursday for delaying a big increase in the state’s unemployment compensation tax — a move business groups have been demanding saying the boost is sure to spark more job layoffs.…

Consumer confidence growing

TALLAHASSEE — Despite unemployment not seen in 30 years, consumer confidence in Florida may be on the rise, at least temporarily. The University of Florida's Bureau of Economic and Business Research released its latest survey Tuesday saying consumer confidence has…

Crist calls for corporate tax cut

TALLAHASSEE — With Florida unemployment at a 36-year high, Gov. Charlie Crist on Tuesday called for scaling back the state’s corporate income tax as a means of keeping cash in struggling companies. Speaking at a pipe manufacturer in Panama City,…

Leaders look for unemployment tax fix

TALLAHASSEE — Business groups clamoring to block a big increase in the state’s unemployment compensation tax got a boost Thursday from Gov. Charlie Crist and legislative leaders. Without offering a plan, Crist, House Speaker Larry Cretul and Senate President Jeff…

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…