Food holds steady in price, gasoline continues slide for upbeat First Coast CPI
Thu, 21 Aug 2014 20:37:47 +0000
Food prices holding steady and a decrease in gasoline prices provided for a modest increase in the Consumer Price Index for the First Coast in July, a leading local economist said this week.
Paul Mason, economist with the University of North Florida who tracks First Coast financial developments, said the Consumer Price Index went from 115.91 in June to 116.07 in July and that rate of increase was nearly the same after seasonal adjustments.
First Coast tourism breaking records for second quarter of business; Florida visitors spike too
Thu, 21 Aug 2014 20:20:13 +0000
Florida is drawing them in — all of Florida.
Tourism is booming on the First Coast and across the state, according to data recently released that show the number of visitors to the Sunshine State increased dramatically in the second quarter of 2014 running from April through June.
Tourism officials at all three coastal counties on the First Coast are reporting impressive figures. Those officials also say there’s no sign of slowing down.
Culinary school at Jacksonville's Virginia College to open restaurant in San Marco
Thu, 21 Aug 2014 20:14:10 +0000
Virginia College, which operates a culinary school on Beach Boulevard, plans to open a restaurant in San Marco. Called Kitchen on San Marco, it will be at 1402 San Marco Blvd. in a building that last housed Oral Explosion.
Virginia College, a for-profit school owned by the Education Corporation of America, includes a culinary program called Culinard in its curriculum.
The restaurant will be staffed by professionals, a spokeswoman said, but some students will work and be trained there. It will hire about 40 employees, she said, with opening planned spring of 2015.
Thu, 21 Aug 2014 20:01:46 +0000
Beaches Business Association, noon, Jacksonville Beach Public Golf Course clubhouse, Penman Road. Program: Candidates Forum, Jacksonville Beach City Council Debate for Seat 6, District 3, featuring Lee “Beach” Buck, John Galarneau and Lloyd Hyatt. $8, lunch. (904) 476-0607 or bbajax.com.
Kiwanis Club of Jacksonville, 12:30-1:30 p.m., Crowne Plaza Hotel, 1201 Riverplace Blvd. Speaker: Tourea Robinson, director of development for Aging True. (904) 398-5566, kiwanisjax.com or email firstname.lastname@example.org.
New craft brewery, taproom set to open Friday in Jacksonville
Thu, 21 Aug 2014 18:26:53 +0000
Jacksonville’s newest brewery is opening. Veterans United Craft Brewery has been in the works since last year, with opening announced for May, then July ...
But it’s opening Friday.
The brewery and taproom are at 8999 Western Way, at the end of a road of offices and warehouses off Baymeadows Road.
The brewery will have three of its beers on tap this weekend: Raging Blonde Ale, HopBanshee IPA and Scout Dog 44 Amber Ale, along with two guest taps. It plans to add a rye wheat ale and an espresso oatmeal stout in the next few weeks.
Winn-Dixie parent Bi-Lo withdraws plans to take company public
Thu, 21 Aug 2014 17:16:13 +0000
Bi-Lo Holdings, the parent company of Winn-Dixie and Bi-Lo grocery chains, has cancelled its plans to go public. The company, based in Jacksonville, had filed last September for an initial public offering of up to $500 million.
Bi-Lo withdrew those plans in a filing Tuesday with U.S. Securities and Exchange Commission. It did not give a reason, and the company has not responded to the Times-Union’s request for a response.
Justice Department announces $17B settlement with Bank of America
Thu, 21 Aug 2014 15:04:19 +0000
WASHINGTON | The Justice Department has announced a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis.
The deal announced Thursday calls for the bank, the second-largest in the U.S., to pay a $5 billion cash penalty and provide billions of dollars of relief to struggling homeowners. Bank of America says its cash payouts will total $9.65 billion.
Waterford at Mandarin has new owner
Wed, 20 Aug 2014 21:23:11 +0000
A Virginia investment group has made its second major purchase in Jacksonville in the past three months. Harbor Group International paid $36.3 million for the Waterford at Mandarin, a 432-unit apartment complex on San Jose Boulevard in Mandarin.
The complex was built in 1989, and Brian Moulder, who handled the sale for CBRE commercial estate brokers, said Harbor intents to spend a lot of money on it, inside and out. The company has owned various properties in Jacksonville over the years, he said.
Fernandina Beach tech firm acquires Panhandle business
Wed, 20 Aug 2014 19:06:23 +0000
A Fernandina Beach–based technology firm has doubled the size of the company with the acquisition of a Panama City firm.
Maxis360 has acquired the company called Inacomp, a news release said Wednesday. Maxis360 is a company that supplies and manages computer and technology infrastructure services for businesses in Southeastern United States and the Caribbean.
Longtime Florida Blue lobbyist Mike Hightower to retire
Tue, 19 Aug 2014 22:19:39 +0000
Mike Hightower, Florida Blue’s vice president of government and legislative relations, will retire from the company Friday.
“For more than 30 years, Mike Hightower has been the government relations face of our company, working on behalf of the organization and our stakeholders with virtually every facet of local and state government,” Jason Altmire, senior vice president of public policy and community engagement for Florida Blue, said in a statement.
Jacksonville hosts jobs seminar for veterans Thursday
Tue, 19 Aug 2014 20:14:59 +0000
Jacksonville’s Military Affairs and Veterans Department hosts its monthly free career and employment counseling seminar from 3 p.m. to 6 p.m. Thursday.
The event is designed to help military veterans and their families transition to civilian life after service with tips and advice on gaining jobs. The monthly seminars are provided by Incepture Inc., a professional staffing and management firm in Jacksonville, which is part of the city’s Military Veterans Coalition and a program called Jobs for Vets.
Work Wanted: Arrests don't always mean a destroyed career
Tue, 19 Aug 2014 19:59:26 +0000
In 2013, there were 33,540 arrests made in Duval County. That means that every hour, four people in Jacksonville have a run-in with the law that could impact their careers for the rest of their lives. Some of them have committed serious felonies and will serve serious sentences. But many people who commit a less serious first offense have legal options that will lessen the effect of their mistake.
How much is $100 worth? It can vary from state to state
Tue, 19 Aug 2014 19:54:36 +0000
Because prices aren’t the same everywhere, $1 isn’t the same everywhere.
The Tax Foundation has taken data from the Bureau of Economic Analysis and compared prices for a variety of items all over the country. What it found was that $1 is worth a lot more in Mississippi than in Washington, D.C. or Hawaii. (See map.)
Actually, it figured out the relative value of $100. In Mississippi, that $100 is worth $115.74. In Arkansas, it’s worth $114.16.
July building permits reach six-year high in Northeast Florida
Tue, 19 Aug 2014 19:41:39 +0000
Home construction rebounded nationally in July, while Northeast Florida saw its most promising numbers in years.
More building permits were issued for single family homes last month in Northeast Florida than any month in more than six years. A total of 629 permits were issued in the four-county area, according to the Northeast Florida Builders Association.
The last time there were that many was May 2008.
St. Johns County continued to lead the way as it has since 2011 but Duval County drew much closer.
Working on the First Coast: John Bryan brings JAX Chamber councils together
Tue, 19 Aug 2014 19:00:50 +0000
Last updated at: 8/22/2014 2:12:07 AM ET
To help enhance business in the entire Jacksonville area, JAX Chamber has 10 councils — councils that represent geographic areas of the city and special business interests. They are all coordinated by John Bryan.
Some of those chamber councils such as the Arlington, Downtown, Mandarin and others have been around for decades. But other councils such as JAX Health were formed just a few years ago and the JAX Transportation & Logistics Council was just formed in the spring.