Business After Hours
I get a lot of strange surveys and polls covering everything under the sun, but one that recently caught my attention was “Florida property buyers prepared to buy former meth labs (at a 44% discount).”
The latest employment report from the state labor agency shows the Volusia County economy is still struggling to get over the pandemic hump.
On August 13, Students signing up with their matched companies at the Volusia Manufacturing Association’s Federation for Advanced Manufacturing Education signing day were just as excited as if they were signing a college athletics commitment.
The Volusia County Business Incubator powered by the UCF Business Incubation Program hosted a live event July 26, celebrating its 10-year anniversary.
Residential construction went up sharply in June in the Volusia-Flagler area with builders obtaining permits for 721 new housing units compared to 250 in June 2020, according to the U.S. Census Bureau.
The red hot Volusia-Flagler housing market continued in June with Realtors in the two-county area reporting sales of 1,393 existing houses, up 8.4% from June 2020.
The New Smyrna Beach City Commission has approved the $1.1 million sale of two city-owned properties in a move that promises to bring 50 new jobs and $73 million in economic development to the area.
The Root Co. of Ormond Beach has sold three adjacent office buildings in downtown Daytona Beach to DTBB LLC, an entity affiliated with Brown & Brown Inc. for $14 million.
The Volusia-Flagler housing market was strong in 2020 despite the pandemic with builders obtaining permits for 4,711 residential units, up from 3,406 in 2019, according to the U.S. Census Bureau.
Volusia County’s labor market is slowly recovering with the state reporting the unemployment rate at 5% in May compared to 5.2% in April and 14.3% a year ago.
A popular argument for why so many businesses are having difficulty getting enough workers is the extended federal unemployment benefit of $300 a week.
We’ve gotten a great indicator of when this area will return to normalcy with NASCAR announcing that for its return to Daytona International Speedway for late summer night racing Aug. 27-28 there will be no restriction on the number of fans allowed to attend.
I haven’t been keeping up much with Volusia County’s companies with publicly traded stock lately, so I thought everyone might be interested in how they’re doing these days.