business

Business
4:44 pm
Thu April 9, 2015

South Florida Tech CEO Talks Raising Capital & Raising Kids

Joanna Schwartz is the CEO of EarlyShares, which connects accredited investors with private funding opportunities. In April 2015, her company launched www.property.com.

In our continuing series on female leadership, we look at the technology sector. Certainly it is a lucrative industry and it's been criticized for gender imbalance.

Women make up only a quarter of the tech industry workforce, even though more women now enroll in college than men.

And here's another interesting data point -- women in Western countries use the internet 17 percent more than men do. So how does this all compute in terms of female leadership?

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Education
8:36 am
Tue April 7, 2015

At The U, An MBA For The NFL

The University of Miami's Executive MBA for Professional Artists and Athletes attracted 20 former and 20 current NFL players.
Credit Kenny Malone

Grad student Torrey Smith didn’t really drink coffee before he started his master's in business administration at the University of Miami.

“Now I’ve had to try it a few times and step outside of my box because these long hours catch up to you,” the 26-year-old Smith says.

It’s not like Smith isn’t used to a high-stakes, rigorous schedule. He’s won a Super Bowl, caught 30 touchdown passes and just signed a $40 million contract with the San Francisco 49ers.

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The Two-Way
1:01 am
Tue March 31, 2015

Despite Protests From Brazil, Trial For 840-Pound Emerald Will Continue

This 2008 file photo provided by the Los Angeles County Sheriff's Department shows the so-called Bahia Emerald.
Anonymous AP

Originally published on Tue March 31, 2015 9:27 am

A trial about who owns a 840-pound emerald will continue despite international protest.

The ownership of the Bahia Emerald, as the massive rock is known, has been hotly contested for years. But in September, the stone became the subject of international controversy, when Brazil said all the ownership questions were irrelevant because the 180,000 carat, $372 million rock was illegally exported.

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Business
10:18 pm
Sun March 29, 2015

The Sunshine Economy: The Tourism Trade

The tourism business is booming in South Florida.

The Sunshine State could welcome close to 100 million visitors this year.  They come from all over: the Northeast, the Midwest, Latin America, Europe, Russia and, increasingly, Asia. These visitors directly support hundreds of thousands of jobs and pump billions of dollars into the regional economy. 

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Sunshine Economy
1:06 pm
Thu March 26, 2015

Start-Up City Miami: Podcasts About Local Entrepreneurship

South Florida ranks high for entrepreneurial activity.
Credit Tom Hudson

Higher than New York, Chicago and Dallas. Better than Atlanta, Seattle and Houston. South Florida's entrepreneurial activity is third highest among the nation's largest metropolitan areas.  Only San Francisco and Los Angeles ranked higher in the group's annual index of entrepreneurial activity.

Why Miami?

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Business
8:00 pm
Wed March 25, 2015

Social And Anti-Social Trends In Customer Service

Not too long ago, good customer service meant a warm welcome and personal attention. Today, great customer service can mean leaving the customer alone to fend for themselves. That shift is thanks, in part, to technology.

It’s the smartphone that allows customers to be simultaneously social and anti-social in how they relate to and interact with service staff. Websites like TripAdvisor, OpenTable and Yelp have given customers a voice, and restaurants and hotels are listening -- and responding.

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Business
1:14 pm
Mon March 23, 2015

Sunshine Economy: Customer Service In South Florida

Julie Grimes came to South Florida from Canada about 20 years ago. She owns two hotels with about 250 rooms combined. She's managing partner at the Bentley Hilton South Beach.
Credit Tom Hudson

South Florida is known around the world for its sun, sand and surf. Those natural attributes are responsible for thousands of jobs, millions of visitors and billions of dollars. But what about service? South Florida may invite the world to come play on its beaches, stay in its hotels and eat in its restaurants, but what kind of hosts are its people?

Julie Grimes gives the overall customer service experience three out of five stars. She is the owner of two hotels in Miami: the Doubletree Hilton and the Hilton Bentley South Beach where she also is the managing partner.

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Facebook
4:32 pm
Fri March 20, 2015

Miami-Dade Mega-Mall Draws Criticism

If completed, American dream Miami would be the largest mall in the nation.
Credit Triple Five

The Miami-Dade County Commission recently voted to approve a land deal that will clear the way for the development of what would be America’s largest mall. (By the way, the Miami-Dade school board voted Wednesday to give up a lease on public land wanted for the project.)

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Development
4:09 pm
Tue March 17, 2015

Miami-Dade Commission Votes Overwhelmingly In Favor Of Mega-Mall

American Dream Miami, the proposed mega-mall.
Credit Triple Five

The Miami-Dade County Commission voted Tuesday to approve a land deal for the development of what would be the nation's largest mall.

The proposed mega-mall, American Dream Miami, would cost approximately $4 billion to build and would occupy 200 acres of west Miami-Dade. The park would contain aquatic attractions such as an indoor ski slope, a water park and a submarine ride.

The land deal allows Triple Five -- the mall's developer -- to purchase the 82 acres of Miami-Dade property owned by the state.

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Tourism
6:04 pm
Sun February 22, 2015

The Sunshine Economy: The Hotel Industry In South Florida

The Marseilles Hotel on South Beach is undergoing a $10 million renovation. Owner Lloyd Mandell is a second generation Miami Beach hotelier.
Credit Tom Hudson

A LITTLE HISTORY

Ian Schrager and Lloyd Mandell used to be neighbors. 

One is an iconoclast who made a fortune (and went to prison for tax evasion) as co-founder of the famed Studio 54 nightclub in New York, and the other a Miami Beach native whose dad owned a gas station where a Starbucks now stands on West Avenue.

The two men are in the same business now, technically. But they came to it in different ways.

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Health Care
5:15 pm
Sun February 1, 2015

The Sunshine Economy: Obamacare In South Florida

Sunshine Life & Health Advisors kiosk at Mall of the Americas in Miami awaits Affordable Care Act sign-ups on Jan. 28, 2015
Tom Hudson

Odalys Arevalo works out of a shopping mall but she doesn't sell clothes or electronics or jewelry. She sells health insurance. And when it comes to the Affordable Care Act, she and her team of 600 brokers sell a lot of it.

Arevalo is co-founder of Sunshine Life and Health Advisors. The idea for the company began in a coffee shop. Operations started with a single mall kiosk and now the firm has eight outlets, including a 24,000 square feet "store" at the Mall of the Americas in Miami-Dade County.

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Business
8:01 am
Mon January 26, 2015

State Of The Sunshine Economy

Credit Junette Reyes / WLRN

    

To get a sense of the economy, look at the the data showing falling unemployment rates over the past year and rising home prices.

Or, you can listen to the voices of some of those looking to begin their careers soon, posted below.

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Race & Business
10:58 pm
Sun January 18, 2015

The Sunshine Economy: Magic And Mike (Fernandez)

Health care billionaire Mike Fernandez and Earvin "Magic" Johnson. Johnson became a strategic partner with the Fernandez-owned health insurance firm Simply Healthcare.
Credit Mike Fernandez / Courtesy

  

By the looks of this photograph, one would think Mike Fernandez and Earvin "Magic" Johnson have known each other for years. When they greeted each other before their interview on the Sunshine Economy, they embraced in a bear hug, the 6-foot-9-inch former NBA point guard more than a head taller than the billionaire health care entrepreneur. Fernandez even gave Johnson a kiss on the cheek. This was not a boardroom greeting, but the two have known each other only since 2012.

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Business
8:53 am
Mon January 12, 2015

Sunshine Economy: Beyond The Wedding Bells Of Same-Sex Marriage

Florida is the 36th state to allow same-sex marriage. While the court challenges continue, newlyweds and those who married out-of-state now have their marriages legally recognized extending the legal and financial rights brought by marriage.
Credit Tom Hudson

After the big emotions of the wedding day come the economics of marriage: insurance, taxes, wills, bank accounts, property titles, credit card accounts, etcetera. 

Thousands of gay Floridians have gotten married since January 6, when their unions became legal in the state. Thousands more are now recognized as married if they wed in a place that allowed gay marriage prior to Florida's ban on same-sex marriages being overturned by a federal judge.

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Sunshine Economy
2:02 pm
Mon January 5, 2015

U.S. Cuba Policy Changes: Opportunity Or Entrenchment?

Credit WLRN

Miami is not a top departure point for American goods headed to Cuba. So say the official U.S. government trade statistics. Port Everglades in Fort Lauderdale is the second-largest American port from which goods are sent to Cuba.

Yes, despite the 53-year-old trade embargo, America still does a little business with Cuba. The U.S. sells fresh and frozen chicken, soybeans, corn and an assortment of other food and medical supplies. 

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