April 26, 2010

FUNDING FOR SMALL BUSINESS LOANS TO EXPIRE MAY 31 -- President Obama has signed legislation that provides $80 million in additional funding for two key small business loan programs. Under the legislation, the SBA may continue to reduce loan fees in its 7(a) and 504 programs and provide higher guarantee levels on 7(a) loans through May, or until the funds provided under the bill are exhausted.

DSC TO OFFER ADVANCED QUICKBOOKS COURSE -- The Small Business Development Center at Daytona State College is presenting QuickBooks – Level II. If you have a basic knowledge of Quick Books and desire advance learning in setting up and using inventory features, price level and billing rate levels including budgeting and forecasting, importing and exporting data and payroll, then this advanced series is for you. Classes meet May 6, 13 and 20 at Daytona State College, building 110, room 248, from 6-9 p.m. Please call Nancy Franssen at 386-506-4723 to register.

STETSON STUDENTS SCORE HIGH IN RECYCLING COMPETITION -- Stetson University placed fifth in the nationwide RecycleMania competition in only its second year of participating in the contest. Together, participating colleges and universities recycled or composted more than 84 million pounds of material over the 10-week competition. RecycleMania is a friendly competition and takes place from January to March throughout the United States and Canada. The campus wide, student-led initiative is meant to encourage students everywhere to be environmentally friendly.

VOLUSIA COUNTY DRIVES $MARTER – The National Association of Counties announced that Volusia County won the Drive $marter Challenge and will receive a $3,500 grant, courtesy of AutoZone. This competition recognized counties for promoting energy and fuel efficiency among county staff. Volusia County residents and employees pledged to reduce fuel use and save money by following a few easy tips, such as reducing “junk in the trunk” and ensuring that tires are inflated properly. Volusia County employees commute more than 21 million miles to work every year.

COBRA EXTENSION, OTHER BENEFITS GET SHORT EXTENSION -- Congress has passed another short extension of the COBRA subsidy and unemployment insurance (UI) benefits originally legislated under the American Recovery and Reinvestment Act. The $18 billion Continuing Extension Act of 2010 was signed into law April 15. The law extends the federal government’s 65 percent COBRA premium subsidy program extension retroactively from March 31 to May 31. The law also prevents a scheduled 21 percent cut in Medicare physician payment rates for the same period, and extends UI benefits from April 5 to June 2.

FLORIDA ROADS RANK HIGH FOR QUALITY AND DANGER -- Florida has the 20th best roads in the U.S., according to a report published in the April Reader’s Digest. The report ranked state highway systems on safety, pavement and bridge condition and congestion. The best roads are in Kansas, Wisconsin, Montana, New Mexico, and Utah. While Florida’s roads are among the best, they also are among the more deadly. The study also ranked Sunshine State roads as the 14th most deadly. The deadliest roads are in Montana, Louisiana, South Carolina, West Virginia and Arkansas.

VOLUSIA BOATING HAS BIG $$ IMPACT – According to the Florida Wildlife Commission, the 21,950 boats in Volusia County generate more than $85 million in spending on boat trips and more than $140 million in owner spending on their boats (not including purchase). This leads to more than 2,500 jobs with payrolls exceeding $67 million. The report can be found at: http://floridaboatingeconomics.com/county/county_pdf/12127.pdf.

HERE’S A PRETTY SLICK FACT ON OIL CONSUMPTION -- For every dollar of economic output today, we burn less than half as much oil as 30 years ago!

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

Phil Ehlinger
Director

doed@volusia.org