December 12, 2011

BUY LOCAL EXPO AT THE SPEEDWAY – The inaugural Buy Local Volusia Expo will be Tuesday from 9 a.m. - 5 p.m. at Daytona International Speedway. The event is sponsored by The Daytona Beach News-Journal, seven Volusia chambers of commerce and Volusia County Economic Development. The expo is a culmination of efforts to encourage people to buy from local businesses. First promoted in 2009 by Volusia County Economic Development and later joined by the Halifax Regional Chamber, the concept of keeping our dollars locally has grown into this event. The free expo will feature exhibits by more than 100 businesses and providers of business services from throughout Volusia County. The event also will feature seminars on a wide range of business topics, free food samples from several area restaurants, door prizes, and an after-hours business networking event. A fee will be charged for the business after-hours networking event in the Sprint Fan Zone at 5 p.m. This event is being sponsored by Americrown. For more information, call 386-255-0981 or go to: buylocalvolusiaexpo.com.

DELAND CHAMBER TO HONOR WOMEN IN BUSINESS – The DeLand Area Chamber of Commerce will host an event to recognize local women who have made a significant impact in the business community. The event will be December 14 at the DeLand Business & Conference Center, 1301 International Speedway Boulevard, DeLand. Jayne Fifer, president and chief executive officer of the VMA, will be the keynote speaker. Tickets must be purchased in advance. For reservations, call 386-734-4331.

COUNTY LANDFILL TO BECOME EMBRY-RIDDLE ROCKET TEST SITE – The Volusia County Council has approved a partnership with Embry-Riddle Aeronautical University that allows the university to test small rocket motors at the county’s massive landfill west of Daytona Beach. ERAU’s ultimate goal is to launch a satellite into space. A remote area at the landfill will be used for stationary testing. While no rockets will be launched at the landfill, the testing of motors and propellants is expected to provide needed test data. Detailed procedures have been developed to assure public safety and environmental protection.

THOMPSON PUMP NAMED EXPORTER OF THE YEAR – Thompson Pump has been named the Exporter of the Year by the Volusia Manufacturers Association (VMA). The award was presented to the Port Orange company at VMA’s annual awards banquet December 8. Thompson Pump had a 59 percent increase in exports from 2009 to 2010. Much of this growth has come from South American projects including the widening of the Panama Canal. Thompson’s penetration into this market involved training local representatives, translating product literature and labeling into Spanish and having Spanish speaking customer support representatives in Port Orange. The award was presented and sponsored by Volusia County Economic Development.

TAX BREAKS FOR SMALL BUSINESS STOCK INVESTMENT EXTENDED – Investors who buy stock in a regular corporation with assets of $50 million or less after September 27, 2010, and before January 1, 2012, and hold it for more than five years can exclude 100 percent of any gain when the stock is sold, but there is a cap on the exclusion. The gain also is exempt from the alternative minimum tax. The exclusion was set to lapse after 2010 but was revived. Stock of certain companies is not eligible for this tax break so be sure to check with your financial advisor.

GUIDES TO REGISTERING A NEW BUSINESS – Registering a business involves filing paperwork for certificates, licenses and permits to operate. First check your local city and county government websites or call to see what local permits and licenses are required. Then go to: MyFlorida.com, Florida’s official website with links to information for new and existing businesses. For a fictitious name registration, or corporate information, go to: sunbiz.org. For taxes, go to: dor/MyFlorida.com, and for an employer registration number go to: irs.gov.

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.

Division 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

Rob Ehrhardt
Manager

doed@volusia.org