The proposed federal tax overhaul — outlined in depth in the 429-page "Tax Cuts and Jobs Act" — will affect every taxpayer differently. But in multiple ways, most Floridians will be less adversely impacted than others since Florida has no state income tax, no state estate tax and has both relatively affordable housing and median household incomes lower than most of the country.
Here's a closer look at how five of the key provisions in the proposal could play out for Florida:...
Jeff Bezos is once more the richest man in the world, adding some $7 billion to his net wealth overnight thanks to a surge in Amazon stock.
Amazon posted third-quarter earnings on Thursday that far surpassed Wall Street expectations, helped by the acquisition of organic grocer Whole Foods and an increase in sales during its summer "Prime Day" promotions. The company also said it expects sales to rise during the busy holiday-shopping season....
Think you work at one of the best places in Tampa Bay? You've got a little more time to make a pitch.
The registration deadline to nominate your company for the Tampa Bay Times' ninth annual Top Workplaces awards has been extended to Nov. 17.
Last year, more than 37,000 employees from 175 companies in the bay area participated; so far, more than 150 companies are already in the mix....
If you were able to find gas last week post Hurricane Harvey and in the run-up to Hurricane Irma you paid mightily for it. Average gas prices hit $2.70 a gallon Sunday, according to GasBuddy's survey of 1,260 gas outlets in Tampa Bay released Monday morning.
That's up a whopping 50 cents over the past month and up about 5 cents just this past week.
But relief is in sight, analysts say. ...
One company gives employees a chance to let loose — and show off their moves — with daily, three-minute dance parties. At another, a group of hard workers is rewarded with a Mexican cruise. Staffers at a third place get to dig into a humongous office salad every day.
The three have something special in common beyond office camaraderie — they all received enough high praise from their employees to be named one of the Tampa Bay Times' Top 100 Workplaces in 2017. ...
ST. PETERSBURG — Visual Awareness Technologies and Consulting (VATC), a Tampa-based defense security firm plans to hire more than 50 additional employees amid opening a new "tech incubator" in downtown St. Petersburg.
VATC, which already employs more than 200 people in Tampa and in satellite offices around the world, is basing the incubator in the newly renovated First Central Tower, the former Florida Federal headquarters....
11/07/16 Real Estate
TAMPA — Tampa-based apartment management firm Robbins Property Associates has completed a merger with multifamily investor Electra America of North Palm Beach to create a company with a $2 billion real estate portfolio.
The new company, called Robbins Electra, owns and operates a combined 20,000 apartment units in 66 properties in Florida, Texas, Georgia, North Carolina, Virginia and Maryland....
The buying and selling of small businesses is heating up, reaching levels not seen since before the Great Recession struck.
Nationally, 2,090 small businesses changed hands in the third quarter, the highest number since BizBuySell started tracking such data in 2007.
The Tampa Bay area accounted for 72 of those closed transactions, with a median sales price of $150,000, according to BizBuySell, an online marketplace which facilitates sales of small businesses. ...
Corporate site seekers who scour the country for the best places to locate or expand businesses think of Florida as a top 10 state.
But the state does not measure up in economic competitiveness in other areas, according to Site Selection magazine's annual ranking of states with the top business climates.
Florida ranked ninth among site selectors themselves — based on their personal experience of establishing or expanding facilities here. ...
11/01/16 Real Estate
First, Constantine "Chuck" Kalogianis was facing potential disbarment. Now, the well-known Pasco County attorney and onetime congressional candidate is battling criminal charges for allegedly doctoring foreclosure documents.
Kalogianis, 53, was arrested over the weekend on nine felony counts: eight of them related to forgery and one count for a scheme to defraud.
State Attorney Bernie McCabe charged that Kalogianis had engaged in a "systematic, ongoing course of conduct with intent to defraud" multiple lenders between November of 2013 and March 16 of this year. ...
What's the biggest challenge facing Florida small business owners?
Health care costs, rising interest rates and hiring concerns all loom large.
But nothing tops their anxiety over where the local economy is headed and the presidential race between Hillary Clinton and Donald Trump.
About 27 percent of business owners surveyed by TD Bank said the national election and ushering in a new presidential administration will be their biggest operational challenge over the next 12 months. An identical percentage cited local/regional economic uncertainty as their No. 1 issue. ...
Heading into the elections — and the gradual ramp-up of the holiday spending season — consumer confidence among Floridians has taken a dip.
Consumer sentiment fell 1.5 points in October to a reading of 90, according to the monthly University of Florida survey released Friday.
The reading, the last one before the presidential election, is 1.5 points lower than the current year's average, said Hector H. Sandoval, director of the Economic Analysis Program at UF's Bureau of Economic and Business Research....
Stock in Raymond James Financial jumped nearly 5 percent Thursday after the St. Petersburg-based brokerage and financial services firm reported closing its fiscal year with record profits and revenues.
Raymond James reported net revenues of $1.46 billion for its fiscal fourth quarter ended Sept. 30, up 9 percent from a year ago and up 7 percent from the latest quarter. Net income for the period rose to $171.7 million, or $1.19 per share, a 33 percent surge from a year earlier. ...
ST. PETERSBURG — Less than two years after moving its international headquarters to downtown St. Petersburg, tech call center and repair company iQor US is shrinking its operation here.
The company plans to close its Telmar Network repair facility at 9700 18th St. N, idling 76 workers, according to a WARN layoff notice filed with the state this week.
The layoffs are expected to occur between Dec. 16 and the shutdown of the facility on Feb. 28. Sandra Gobbo, iQor vice president of human resources, wrote state officials and St. Petersburg Mayor Rick Kriseman with a breakdown of affected job classifications, many of them directly involved with equipment repair. ...
Florida can't move the needle to lower its unemployment rate, which remained stuck at 4.7 percent in September for the fifth straight month.
But that's not entirely a bad thing.
In fact, the jobs report released Friday by the Florida Department of Economic Opportunity shows the state continues to make headway in its agonizingly long jobs recovery:
• Florida added a healthy 23,000 jobs over the month, third-best in the country behind Texas and California and down slightly from 24,500 in August. ...