business

Endeavor Miami
12:45 pm
Wed January 29, 2014

New Report Says Entrepreneurs Are Attracted To Miami

Credit freedigitalphotos.net

Days after Miami Beach Mayor Philip Levine was quoted in the Washington Post saying his city would never become a tech hub, a small-business group released a report that says entrepreneurs are attracted to the Miami area.

RELATED: Tech CEOs Respond To Philip Levine

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News
5:52 pm
Thu January 16, 2014

World Ambassadors Explore Trade Opportunities In Miami

Wilfredo Fernandez addresses the ambassadors at The Space Miami.
Credit Hillary Lindwall/WLRN

Ambassadors to the U.S. from all over the world left D.C. to touch down in Miami for a program called "Experience America," sponsored by the Department of State.

"This is a remarkable city," says Hunaina Sultan Ahmed Al Mughairy, Oman's ambassador. This is the 13th Experience America trip, and Al Mughairy says she attends as many as she can. "This gives us as ambassadors the opportunity not only to see the U.S. but also to meet the different communities within the states." 

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Business
12:43 pm
Tue January 14, 2014

Offering Higher Wages, Aldi Brings New Meaning To 'Discount'

Aldi, a German discount grocery chain, is opening new locations in South Florida.
Credit Creative Commons via Flickr

The discount grocery store Aldi is opening up four new locations in South Florida: Palm Springs, Deerfield Beach, Hialeah and Miami Gardens. In order to staff those locations, the discount grocer is holding hiring fairs throughout the area on Jan. 15 and 16.

Though it looks like a typical grocery store on the outside, a few things inside might throw you off your shopping routine. The first thing you’ll probably do is try to grab a cart. At Aldi, you have to rent it. The $.25 asking price isn’t much, but it's one of the many differences between this and any other grocery store.

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Money
8:34 pm
Thu December 19, 2013

South Florida Can Buy With Bitcoin This Christmas

Charles Evans talking to members of Miami International Bitcoin at Planet Linux Caffe in Coral Gables.
Credit Planet Linux Caffe

Contribution from the Miami Herald

In the past year, the electronic payment system called Bitcoin has reached a certain level of ubiquity in national and international conversation.

 

Its intersection in the tech and finance worlds has piqued the interest of various groups and governments, but the “crypto-currency” remains somewhat mysterious.

 

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The Sunshine Economy
2:20 pm
Mon December 16, 2013

ENCORE: The Sunshine Economy On Agriculture

Credit Tom Hudson

Click play to hear Tom Hudson host this episode of WLRN's ongoing radio and online series, The Sunshine Economy, airing Mondays at 9:00 a.m. on WLRN 91.3 FM.

Squeezed between South Florida's neighborhoods and the Everglades is a multi-billion-dollar-a-year industry. Tomatoes, beans and avocados all sprout from the rocky South Florida soil along with one of the largest nursery industries growing trees, shrubs and other landscaping plants.

Agriculture generates a direct $700 million dollars a year in Miami-Dade County alone. The economic impact of the plowing, growing and picking of those crops is much larger.

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The Sunshine Economy
10:29 pm
Sun December 1, 2013

High-Priced Art Is Booming: The Business of Basel

Credit Christie's

  

Sale 2791. Lot 8A. "Three Studies of Lucien Freud." $142.4 million.

On the evening of Nov. 12 at Rockefeller Center in New York City, the 1969 oil painting on canvas by Francis Bacon set a record price for publicly auctioned art. Its auction price may bode well for those hoping the upcoming Art Basel Miami Beach will lead to big business. But even if there are no nine-figure sale prices, a rebounding housing market and rallying stock market are expected to lift the spirits, and possibly prices, of the business around Basel.

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Friday Business Report
4:55 pm
Fri November 22, 2013

I'm a lawyer. Now what?

Credit Flickr

  The legal profession is going through a bit of an existential crisis and certainly an economic one. Large law firms that 10 years ago would have been expected to survive any financial crisis are reacting to a new, constricting marketplace with staff reductions and requests for capital contributions from partners. Host Karen Rundlet talks with Greenberg Traurig's Brad Kaufman about new opportunities for hiring and partnership in today's legal environment.

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Friday Business Report
8:08 am
Tue November 19, 2013

What If South Beach Becomes The Next Venice?

Credit Kenny Malone / WLRN

Structural engineers don't necessarily view rising sea levels as certain disaster. By definition, it's the job of the engineer to solve design and construction problems caused by environmental changes.

Business journalist Karen Rundlet examines some proposed solutions for sea-level rise. She interviews the University of Miami's Dr. Antonio Nanni about embracing some unusual possibilities. Click play to hear the interview.

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The Sunshine Economy
6:30 am
Mon November 4, 2013

Joanna's Team Holds Their Own Against Grocery Goliaths

Two generations of Ledermans running Joanna's Marketplace in Miami.
Credit Tom Hudson

Late August 1992 was going to be a memorable time for Joanna Lederman, her husband Alan and sons John and Michael. They had spent the spring and summer getting ready to open a new independent grocery market.  After all the product testing, tastings, employee training, inventory stocking, marketing and other work to get a new business off the ground, they were all set.  

Joanna's Marketplace was going to open for the first time on South Dixie Highway in Miami on August 24, 1992. Then Hurricane Andrew hit South Florida.

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The Sunshine Economy
12:01 pm
Thu October 31, 2013

A Lot Of Dreams Behind New Urban Garden In Dania Beach

An assortment of peppers grown at the Dania Beach urban garden.
Credit Tom Hudson

In the movie Field of Dreams, an Iowan farmer builds a baseball diamond in a cornfield and the ghosts of the disgraced 1919 Chicago White Sox materialize from the stalks.

On a 1.6-acre plot of land in Dania Beach, there's nothing so supernatural taking place. Instead, the community, along with a public-private partnership, have joined together to build an urban garden. They grow vegetables and sell them to neighbors who otherwise have a difficult time finding fresh food near their homes.

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Gambling
2:43 pm
Wed October 30, 2013

Senate Committee Hears Local Feedback On Casino Expansion

Credit tampabay.com

Florida’s Senate Gaming Committee held its first public workshop recently to hear local perspectives about the future of gambling in the state as well as the potential social and economic impact expanded gaming would have on South Florida.

Early last year, state lawmakers shot down a bill to allow major casinos in South Florida. But now they’re reconsidering that decision, and possibly changing other state laws on gambling --- and that has plenty of people concerned.

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The Sunshine Economy
11:50 am
Mon October 28, 2013

The Sunshine Economy: The Grocery Business

Credit Tom Hudson

Click the play button above and listen to WLRN's hour-long episode, "The Sunshine Economy: The Grocery Business," with host Tom Hudson. The episode is part of an ongoing series examining key industries of the South Florida economy. The show airs Mondays at 9:00 a.m. on 91.3 FM.

Would you pay $12 for this jar of pluot jelly?

It's a combination of apricots and plums. Plenty of people are shelling out the $12 for the 10-ounce jar at independent grocery store Joanna's Marketplace on South Dixie Highway in Miami.

This jelly is just one way the small store looks to compete in an increasingly crowded grocery store industry in South Florida.

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Friday Business Report
8:00 am
Mon October 28, 2013

How South Florida Supermarkets Move Customers Through Their Stores

Publix supermarket #794 in Miami Shores was recently remodeled. The deli was expanded, as was the produce section. Publix says they remodel stores every five years.
Credit Karen Rundlet

Click the play button above to hear the radio version of this post.

The store you probably spend the most time in isn’t a boutique or a department store. I’ll bet, over the course of a year, it’s the supermarket. 

On average, supermarket customers shop for groceries twice a week and spend about $100. In South Florida, Publix is the marketshare leader – dominating with close to 250 stores. Winn Dixie is second. And then, we have Walmart and Sedano’s.

While each chain is distinct in terms of pricing and store environment, there are commonalities in how many of them are designed, said Paco Underhill, a consultant and author who studies the science of how people shop all over the world.

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Books
5:50 pm
Fri October 25, 2013

Little 'Libraires' That Could: French Law Would Keep Amazon At Bay

France's government has taken legal steps to protect the country's independent booksellers from behemoths like Amazon. It already prohibits discounts of more than 5 percent on books. Now it's considering a law that would not allow online retailers like Amazon to offer both a 5 percent discount and free shipping.
Christine Zenino Flickr

Originally published on Fri October 25, 2013 7:55 pm

Last year, the U.S. government took Apple to court, charging that the company illegally drove up the price of e-books. This summer, Apple lost the case.

In France, just the opposite is happening. The French government has accused Amazon of trying to push the price of physical books too low.

Limiting discounts on books is one of the ways that France is trying to ensure the survival of its independent booksellers.

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Business
5:48 pm
Fri October 25, 2013

New Amazon Centers Will Add Sales Tax To Florida Purchases

An Amazon fulfillment center.
Credit Flickr

The confirmation by Amazon.com that it will build a pair of massive "fulfillment" centers along the Interstate 4 corridor means that sometime in the next two years Floridians will have to start paying sales taxes on purchases from the online retail giant.

But even with Amazon eventually joining other businesses located in Florida in collecting the state's sales tax, some groups will continue pushing to eliminate an exemption that has allowed out-of-state online retailers including eBay and Overstock to avoid the tax.

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