Florida jobless claims remain low amid economic concerns
As Florida jobless claims remain relatively low amid inflation and debate about a potential recession, Gov. Ron DeSantis is promoting the need for infrastructure projects as an antidote to an economic slowdown. The U.S. Labor Department on Thursday estimated that 5,841 first-time jobless claims were filed in Florida in the week ending July 30. That’s down from the revised number of 6,901 in the week ended July 23. Nationally, applications increased by 6,000 last week to a total of 260,000. More from the News Service of Florida.
Weston Property & Casualty becomes the fifth insurer this year to fail
In another sign of distress for Florida’s property insurance industry, Coral Gables-based Weston Property & Casualty became the fifth insurer to file for bankruptcy in 2022. Insurance Commissioner David Altmeier on Wednesday asked the Department of Financial Services’ Rehabilitation and Liquidation Division initiate arrears proceedings against the company and prepare for receivership. More from the South Florida Sun-Sentinel.
The road less traveled: The tourism campaign charts an unconventional course
Let’s say you’ve been tasked with growing tourism in what is already one of the hottest post-pandemic destinations in the county. How do you market it in a way that hasn’t been done before? How to surprise potential visitors with information they don’t already know? That was the brief given to Clearwater-based FKQ, one of the region’s most respected marketing and advertising agencies, by longtime client Visit Tampa Bay, the destination marketing organization for Tampa and Hillsborough County. More from Business Observer.
Data shows Gainesville Regional Airport is operating at pre-pandemic levels
Gainesville Regional Airport is finally seeing its normal passenger flow after seeing a nearly 95 percent drop in passengers 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 jumped 784 percent over the 2020 flight records. Even compared to the three-month period last year, when lockdowns were lifted and the number of COVID-19 varied, the airport has seen a 91% increase in travel. More from the Gainesville Sun.
SeaWorld, backed by strong finances, is looking to attract more visitors to the theme park
Orlando-based SeaWorld Entertainment continued to report solid financial results in the latest quarter, even as some types of attendance at the company’s theme parks remained below pre-pandemic levels and operating costs increased, executives said. This quarter marks SeaWorld’s fifth consecutive period of record financial results, CEO Mark Swanson said on Thursday’s earnings call. But the company continues to face lagging international and group presence, increased costs due to inflation and staffing issues. More from the Orlando Sentinel.
Business rhythm – week of August 5
Get the breaking news with Florida Trend’s headline-focused video newsletter hosted by digital content specialist Aimée Alexander.
Beverage startup rethinks bottled water consumption
Single-use plastic water bottles have been littering the environment for decades. But what if there was a way to rid the world of these pollutants—and make the water tastier? The co-founders of Tampa-based Cirkul think they’ve found the answer. Founded in 2018, their company specializes in reusable water bottles that feature a unique and innovative flavoring system that allows the user to change the level of, say, a mixed berry flavor in the water.
» Read more from Business Observer.
In case you missed it: