Florida jobless claims remain low amid economic concerns
As Florida jobless claims remain relatively low amid inflation and debate over a possible recession, Gov. Ron DeSantis is promoting the need for infrastructure projects as a cure for an economic slowdown. The US Department of Labor on Thursday estimated that 5,841 initial jobless claims were filed in Florida in the week ended July 30. This was down from a revised reading of 6,901 in the week ended July 23. Nationwide, applications rose by 6,000 last week to a total of 260,000. More from the Florida Intelligence Service.
Weston Property & Casualty becomes the fifth insurer to file for bankruptcy this year
In another sign of distress for Florida’s property insurance industry, Coral Gables-based Weston Property & Casualty became the fifth insurer to be declared bankrupt in 2022. Insurance Commissioner David Altmaier on Wednesday asked the Treasury Department’s Rehabilitation and Liquidation Division to initiate criminal proceedings against the company and prepare for receivership. More from the South Florida Sun-Sentinel.
Road with little traffic: tourism campaign takes unconventional paths
Let’s say you’ve been tasked with expanding tourism in one of the county’s hottest post-pandemic destinations. How do you market it in a way that has never been done before? How do you surprise potential visitors with information they don’t already know? That was the job that longtime client Visit Tampa Bay, the destination marketing organization for Tampa and Hillsborough County, gave to Clearwater-based FKQ, one of the region’s longest-established marketing and advertising agencies. More from the Business Observer.
Data shows Gainesville Regional Airport is operating at pre-pandemic levels
Gainesville Regional Airport is finally seeing its normal flow of passengers after a nearly 95% drop in travelers during the height of the coronavirus pandemic. Data obtained by The Gainesville Sun shows that the number of commercial passengers from April to June this year increased by 784% compared to flight records in 2020. Even compared to last year’s three-month range, when lockdowns were lifted and COVID-19 numbers fluctuated, the airport saw a 91% increase in travel. More from the Gainesville Sun.
SeaWorld, fueled by strong finances, wants to attract more theme park visitors
Orlando-based SeaWorld Entertainment continued to report robust financial results this past quarter, even as certain types of visitors at the company’s theme parks remain below pre-pandemic levels and operating costs rise, executives said. This quarter marks SeaWorld’s fifth consecutive period of record financial results, Chief Executive Office Marc Swanson said during a earnings call Thursday. However, the company continues to face declining international and group visitor numbers, increased costs due to inflation and staffing issues. More from the Orlando Sentinel.
Business Beat – Week of August 5th
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Beverage startup is reinventing the consumption of bottled water
Single-use plastic water bottles have been polluting the environment for decades. But what if there was a way to rid the world of these pollutants—and make water taste better, too? The co-founders of Tampa-based Cirkul think they’ve found the answer. Founded in 2018, the company specializes in reusable water bottles that feature a unique and innovative flavor cartridge system that allows the user to customize the level of, for example, mixed berry flavor in their water.
» Read more from the Business Observer.
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