Friday Afternoon Update – Florida Trend
Unemployment insurance claims in Florida remain weak due to economic concerns
As unemployment claims in Florida remain relatively low amid inflation and debate over a possible recession, Governor Ron DeSantis is promoting the need for infrastructure projects as a buffer against an economic downturn. The US Department of Labor estimated on Thursday that 5,841 first-time unemployment claims were filed in Florida in the week ending July 30. That figure was down from a revised number of 6,901 in the week ending July 23. Nationally, requests increased by 6,000 last week. for a total of 260,000. More from the Florida News Service.
Weston Property & Casualty becomes the fifth insurer this year to become insolvent
In another sign of distress for Florida’s property insurance industry, Coral Gables-based Weston Property & Casualty became the fifth insurer to be declared insolvent in 2022. Insurance Commissioner David Altmaier asked Wednesday to the Rehabilitation and Liquidation Division of the Ministry of Financial Services to initiate delinquency proceedings against the company and prepare for its receivership. More South Florida Sun-Sentinel.
Road less travelled: tourist campaign charts an unconventional path
Let’s say you’ve been tasked with developing tourism in what is already one of the county’s hottest post-pandemic destinations. How do you market it in a way that has never 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 venerable marketing and advertising agencies, by longtime client Visit Tampa Bay, the destination marketing organization for Tampa and the Hillsborough County. Learn more about Business Observer.
Gainesville Regional Airport operating at pre-pandemic levels, data shows
Gainesville Regional Airport is finally seeing its normal influx of passengers after seeing travelers drop nearly 95% 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% from record flights in 2020. Even compared to the three-month period last year , when lockdowns were lifted and COVID-19 numbers fluctuated, the airport saw a 91% increase in travel. More from the Gainesville Sun.
SeaWorld, backed by strong finances, seeks to attract more theme park visitors
Orlando-based SeaWorld Entertainment continued to post strong financial results last quarter, even as some types of attendance at the company’s theme parks remain below pre-pandemic levels and operating costs rise. , the leaders said. This quarter marks the fifth consecutive period of record financial results for SeaWorld, chief executive Marc Swanson said in a conference call Thursday. But the company continues to struggle with lagging international and group attendance, rising costs due to inflation and staffing issues. More Orlando Sentinels.
Business Beat – Week of August 5
Get the best news you need to know with Florida Trend’s headline-focused video newsletter, hosted by digital content expert Aimée Alexander.
A beverage start-up is reinventing bottled water consumption
Single-use disposable plastic water bottles have been cluttering the environment for decades. But what if there was a way to rid the world of these pollutants and make the water taste better? 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 aroma cartridge system, allowing the user to adjust the level of, for example, mixed berry aroma in its water.
» Learn more about Business Observer.
In case you missed it: