INDUSTRIAL DEVELOPMENT AUTHORITY ISSUES BONDS – The Volusia
County Industrial Development Authority finalized authorization of up to
$5 million in industrial revenue bonds to Edgewater Power Boats, a
manufacturer of recreational and commercial boats. The bonds will be
used to finance the acquisition, renovation and expansion of new
manufacturing space in the City of Edgewater. If your manufacturing
company is considering an expansion of its existing facility,
acquisition of new property or the purchase of new equipment and
machinery, explore the less-than-prime rates available through
Industrial Revenue Bond financing. To learn more, contact Phil Ehlinger,
business assistance manager, at 386/248-8048.
HOMESTEAD PORTABILITY DEADLINE – March 1 is the deadline for
homestead property owners eligible for the new portable homestead
exemption to file applications with the Volusia County Property
Appraiser. (Because March 1 is a Saturday, applications will be accepted
through Monday, March 3.) The same deadline applies for new homestead
applications. Residents who have changed their homestead or permanent
residence since Jan.1, 2007 are eligible for portability.
RACE FANS ENJOY INCREASED AIR SERVICE – More than 3,000 travelers
passed through security at the Daytona Beach International Airport
Monday, Feb. 18, the day after the Daytona 500. The expanded service
from the airport to new destinations kept the ticket counters busy at
AirTran Airways, Continental Airlines, Delta Air Lines and US Airways.
From DBIA, travelers can get to Atlanta and Charlotte for connecting
flights, and can fly nonstop to New York (Newark and LaGuardia).
Seasonal Saturday service to Cincinnati and Cleveland also is available
from Daytona Beach.
SAVE THE DATE – The “4th Annual Business Express, Connections on
the go...” summit will be from 7:30 a.m. - 2 p.m. Wednesday, May 28,
hosted by the Center for Business Excellence (CBE). At the summit, the
CBE will be showcasing Volusia and Flagler County employers that
participated in an employer recognition program called “Exceptional
Employers.” The program awards employers for excellence in
organizational effectiveness and attracting, growing and retaining
high-quality, productive employees. The event will be at the Daytona
Beach Hilton. Look for more information on this event in an upcoming On
the Economic Scene.
IS FRANCHISING RIGHT FOR YOU? – The Small Business Development
Center at Daytona Beach College will conduct a three-hour workshop on
franchises. The workshop will be at 6 p.m., Wednesday, Feb. 27 and
reservations are required. For more information or to make a
reservation, call 386/506-4723.
LOOK OVERSEAS FOR REAL ESTATE BUYERS – Politics and the weak
dollar are helping to boost foreign interest in the Florida market.
Florida is well-established among overseas buyers who bought more than 7
percent of all homes sold in Florida in 2006. Nationally, Florida
accounted for 26 percent of all U.S. sales to international buyers in
2007. Latin buyers also are increasing due to politics and buyers
looking to diversify and hedging their bets against economic uncertainty
in their home country. The National Association of Realtors reports that
22 percent of the sales are condos and 28 percent are for cash, with a
median price of $299,500.
A CRIMINAL CORPORATION? – The purpose of forming a corporation is
to ultimately protect individuals, but that could now backfire. A single
charge against a corporation (e.g. Enron) can result in potential
criminal liability against officers, directors and employees who may be
held liable for the acts of employees done in the “ordinary course of
business” regardless of whether they knew or authorized these acts.
Maximize Management Inc. of Ormond Beach publishes articles on corporate
governance, including one by Daytona Beach’s Cobb & Cole regarding the
“criminal corporation.” Go to
http://www.maximizemgt.com to register and receive articles.
NEWS ITEMS WANTED! – Please send your business news items to Dave
Byron, Volusia County Community Information Director, 123 W. Indiana
Ave., DeLand, 32720-4612, by fax at 386/822-5072 or by e-mail at
dbyron@co.volusia.fl.us.
Department of Economic Development
700 Catalina Drive, Suite 200,
Daytona Beach, FL 32114
Telephone:
386-248-8048
FAX: 386 238-4761 Toll Free: 800-554-3801
