Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Can’t find time for play? Try scheduling it




















If your resolutions for 2013 include achieving a better work-life balance, your calendar holds the key to your success.

But, to pull off your goals, you’re going to need to turn the traditional way of thinking upside down.

Most people schedule their work commitments on their calendars and squeeze in family, friends and fun around it. Instead, schedule your work around your personal life, say Michelle Villalobos and Jessica Kizorek, speakers, personal branding consultants and co-creators of Make Them Beg, a professional self development program. For example, they suggest you block out gym time, reading for pleasure time, coaching your kid time and date night. Even a person with almost no flexibility in his or her work schedule can block out 15 minutes for a walk rather than eating lunch at their desks.





“You have to plan for play. Otherwise work expands and there’s no time for play,” Kizorek says. Today, it’s easy to stay a little later at the office or work through lunch because there’s always more to do. Using your calendar effectively can help you with boundaries.

Villalobos says once you put “play” into your schedule, it helps to get people who are important in your life to keep you committed. For example, she blocks out three hours twice a week on her calendar to paint. She has asked her boyfriend to help her stick to that schedule.

Realistically, there will be times when you have to reschedule a fun activity because of work demands. “At least you know what you missed so if you don’t do it, you move it to another day,” Villalobos says.

If you’re in a relationship, experts advise letting your partner participate in creating your calendar. A friend of mine sends his spouse an electronic invite to his poker night signaling that she has the night free to schedule her own fun activity.

Scheduling everything may seem rigid. “That’s the opposite,” Villalobos insists. “By putting things on your calendar, you can focus on what you need to do in the moment. It allows you to be far more present.”

With more people converting to electronic calendars or hovering between paper and online options, how we coordinate our schedules is in flux. But for balance, it’s often better to track personal and professional in one place.

Sharon Teitelbaum, a Boston-based work-life coach, says to calendar all important life events including birthdays. It may sound like common sense to calendar your son’s birthday, but people forget and schedule business travel, she has found. She also advises putting work events in your calendar as far in advance as possible and tasks that lead up to them. “You don’t want to agree to host a dinner party the weekend before a work retreat.”

For many busy people, the traditional way of scheduling needs to change from calendaring a due date to creating a timeline. If you have a big project you need to have completed by Feb. 15, Teitelbaum says break it into weekly tasks leading up to that date. “People vastly underestimate how long things take and the number of interruptions they have to contend with,” she says.

Julie Morgenstern, who created the Balanced Life Planner for Delray Beach-based specialty retailer Levenger, says that even on a daily basis people don’t plan realistically. “By bravely recognizing the limits of each day and how long each to-do on your list will take, we can see in advance what will or won’t fit into our calendar, and become more strategic,” she said.





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Cutting edge tech from Swiss Army




















The Victorinox Swiss Army Jetsetter looks like a traditional pocket knife the company is famous for, but instead of the knife you get a pocket full of storage.

A foldout and detachable USB 2.0 flash drive is among the features in the mini tool kit, which includes a ball point pen, bottle opener, Phillips screwdriver, tweezers and scissors in the 16 GB model I tested out.

The detachable flash drive is Windows- and Mac-friendly, although it comes loaded with Mac-friendly security software to protect your data stored on the device.





It’s available in capacities of 8 GB black ($39.95), 16 GB red ($49.99) and 32 GB silver ($99.99). There are a few different features in each, with the 32 GB model having a LED mini light, for example.

Details: www.swissarmy.com

A great find

Kensington’s Proximo Fob and Tag Kit creates a wireless (Bluetooth) monitoring system between your keys, accessories and an iPhone (4S or 5) that will alert you if they are separated.

I tried the starter kit ($59.99), which includes a fob, tag, keyring and has a screen driver to open the hardware and insert the included CR2032 lithium coin batteries, along with a key ring.

The fob attaches to the key ring and after you have it linked with the free Kensington Proximo app, anytime the devices are separated an alarm sounds. If your phone is within range but you can’t find it, press a button.

It’s easy to think of this as a monitoring device for your expensive smartphone but it also works in reverse once everything is linked up. With your phone in your pocket or purse, it can alert you that you have left your keys behind.

can be placed in a computer bag or attached to anything (or anyone) that you want alarmed. But unlike the fob, it’s only one direction; the app will find it but you can’t use it to find your phone.

The Proximo App Dashboard tracks up to five items with a single fob and up to four tags. Additional tags cost $24.99 each.

If you get out of range between the devices, an app lets you tap a button to let you know where your device was last seen and even pulls up a map with a specific address.

Details: www.Kensington.com

Sound investment

RadioShack’s Auvio expanding Bluetooth speaker ($39.99) is as simple and useful as a gadget can be. Just twist open the speaker, pair it with your device via Bluetooth and you’ll be amazed at how much better the sound is than the built-in speaker on your smartphone or tablet.

A rechargeable battery is built in for up to eight hours of use and can be powered up in two hours with a USB charge using the included cable.

It is 2.5 inches in diameter, just over 3-inches tall when expanded and about 2.5 inches when closed.

Another choice, with a bigger size (2.8-by-6.5-by-2.9 inches) but much better sound is the brick-shaped Auvio Portable Speaker ($79.99).

Both speakers have aux-in ports to connect to non-Bluetooth devices.

Details: www.radioshack.com





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Bright spots in Latin America despite global economic uncertainty




















There are bright spots as Latin American and Caribbean economies begin the year but the uncertain health of the U.S. economy, the lingering financial crisis in Europe and more sluggish growth in China are casting shadows over the region.

A decade ago, dim prospects in those major markets would have delivered a knock-out punch in the region, but this year Latin American and Caribbean economies are expected to grow by 3.5 percent and average 3.9 percent growth in 2014 and 2015, according to a World Bank forecast. The United Nations’ Economic Commission has a slightly more sanguine forecast of 3.8 percent growth in 2013.

Both are better than the 2.4 percent growth the World Bank is forecasting for the global economy and the mere 1.3 percent increase it is predicting for high-income countries.





The U.S. economy grew by 2.2 percent in 2012. But the economy shrank 0.1 percent in the fourth quarter and the first quarter of 2013 also could be sluggish..

“That creates a soggy start for 2013 in Latin America,’’ said David Malpass, president of Encima Global, a New York economic consulting and research firm.

With a recession in Japan, even slower growth expected in Europe than in the United States, and questions about whether the dip in the Chinese economy has bottomed out and whether the United States will be making sharp cuts in defense spending and other federal programs come March 1, Latin American and Caribbean nations can’t really depend on the industrialized world to spur growth.

The region must look inward and undertake structural reforms that will allow growth from domestic factors, said Malpass, who was in Miami in January for an event organized by the University of Miami’s Center for Hemispheric Policy.

Panama’s $5.25 billion investment in expansion of the Panama Canal is an example of the inward focus that will pay off down the road, said Malpass. By 2015, Panama plans to have completed two new sets of locks on the Atlantic and Pacific sides of the canal and the deepening and widening of existing channels to accommodate the so-called Post-Panamax ships too big to traverse the current locks.

“It’s a difficult period but a period where developing countries are growing solidly but not as quickly as they might otherwise want to,’’ said Andrew Burns, the lead author of the World Bank’s annual Global Economic Trends report.

That means they should focus on investment in infrastructure and healthcare, structural policies, regulatory reforms and improvements in governance that will pay future dividends down the road, Burns said.

Such economic reforms, plus high commodity prices enjoyed by countries with fertile fields and mineral wealth, helped the region move beyond the global financial crisis of 2008 and 2009 far more quickly than it did when it was so dependent on economic cycles in the rest of the world.

Economic growth slowed in Latin America and the Caribbean from 4.3 percent in 2011 to an estimated 3 percent but that was still better than the 1.3 percent growth high-income countries managed in 2012, according to The World Bank.

China will continue to play a major role in Latin America and the Caribbean this year but whether the slowdown in China has reached its low point is subject to debate. But it’s relative. Slow growth in China would be brisk growth elsewhere. China says its gross domestic product grew 7.8 percent in 2012, the most tepid growth in 13 years and a comedown from 9.3 percent growth in 2011.





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Miami Beach hotels seek more political clout




















When Miami Beach wanted local hotels to scale-back their popular rooftop parties and bars, Alexander Tachmes fought back.

An attorney who has represented Beach hotels on a myriad of issues, he “cobbled” together a group of his hotelier clients and went before the city commission to ask them to curb the proposed rules.

The hotels won.





It was a learning experience, said Tachmes, who came to believe that the Beach needed a permanent group of industry heavyweights to take political action in the face of restrictive city policies.

With that in mind, Miami Beach’s hotel industry is taking on a decidedly political tone by reviving a previously-formed electioneering organization, just in time for election season on the sandbar.

The group is called Hospitality for a Better Miami Beach, and as an Electioneering Communication Organization (ECO), it can raise unlimited money to run ads, send fliers and make telephone calls about political issues. They’ve also created Miami Beach Hospitality Coalition, which Tachmes said will soon be registered as a non-profit.

Behind the organizations are Tachmes and big-name hoteliers Mike Palma, Executive Vice President of Hospitality for Brio Investment Group (which owns the Clevelander) and the Perry South Beach Hotel General Manager Tim Nardi.

“Political clout is something that will help to further the goals of the industry,” Tachmes said.

Hotels already have their interests represented by the Greater Miami and the Beaches Hotel Association and the Greater Miami Convention and Visitors Bureau. But the association is tax-funded and the visitor’s bureau is tax-exempt, so neither can raise or spend money for political purposes.

Stuart Blumberg, who headed the hotel association for 15 years, thinks the industry has enough clout without having to wade into politics.

“You’re getting a group of hoteliers who’ve decided they want a voice in government. And that’s dangerous,” he said of the ECO.

An outspoken leader, Blumberg often took political stances and faced elected officials — and he often found success.

Blumberg led the charge to exempt pool decks and outdoor patios from a constitutional amendment banning smoking, and pushed to delay the start of the school year so that Florida teens could continue working at local hotels. At a farewell gathering after Blumberg announced his retirement, he didn’t hesitate to take a shot at then-Gov. Charlie Crist, calling him out on a proposed tax increase on car rentals.

“We were able to accomplish a lot of things because we weren’t tarnished by, ‘Yeah, I supported that guy or that guy,’” Blumberg said. “You stand and fall on the merits of an issue.”

Citing the huge impact the tourism industry has on Florida, he added: “We don’t need to spend money to win influence.”

According to state figures, the tourism industry has a $67.3 billion economic impact on Florida.

In Miami-Dade, the accommodation industry accounts for 3 percent of the county’s 1 million non-farm jobs, or about 27,000 positions. The industry also contributes about $1 billion in income a year in Miami-Dade, or about 2 percent of total wages.

With a November election in Miami Beach — in which a majority of the city’s commission seats up for grabs — now is the time to translate economic importance into political prominence, said Palma.

In a city where resident-activists are vocal and plentiful, and where residents are often at odds with party-seeking tourists, Palma said city leaders lately have tilted more in favor of residents rather than businesses

Added Tachmes: “The residents of the city benefit by having a thriving hotel industry...all we want is a seat at the table.”

The electioneering committee was registered last year and is currently not active, according to state records.

Tachmes said the group is in the process of recruiting members — whom he would not name — and creating a board, at which time the group will be re-opened. Members are planning to interview candidates to decide who to support in the upcoming elections.

Wendy Kallergis, president and CEO of the hotel association, pointed out that many of the ECO members are also members of her organization. She doesn’t think the new group will be a competitor.

“We’re not able to do some of the things they can do,” she said. “I think it’s going to strengthen the voice on the Beach.”

Miami Herald staff writer Douglas Hanks contributed to this report.

Follow @Cveiga on Twitter.





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Mompreneur jumps into the ‘Shark Tank’




















It all started with a 4 a.m. email nearly a year ago: “Do you think a baby bib could change the world? I do...”

Then Susie Taylor included a link to her website, bibbitec.com, and off it went to Shark Tank, the popular ABC television show where entrepreneurs pitch their companies to investors on the show — and by extension, 7 million viewers.

Four months later, as the “mompreneur” was leaving her Biscayne Park home to pick up her kids from school, she got a call from the show asking her to pitch on the spot. Driving with her phone on her shoulder, she told the Bibbitec story.





Shark Tank bit. After a few more back and forths, her segment was filmed last summer.

Friday night, Taylor is scheduled to be on the show pitching Bibbitec’s main product, “The Ultimate Bib,” a patented generously sized, stain-resistant and fast-drying child’s bib made in the USA — Hialeah, to be exact. Bibbitec’s $30 bib can be a burp cloth, changing pad, breast feeding shield, full body bib, place mat, art smock and more, Taylor says.

We won’t be getting any details on what happens Friday night when she and her husband, Stephen Taylor, get into the tank with Daymond John, Mark Cuban and the other celebrity sharks; Taylor has been contractually sworn to secrecy. But whatever the outcome, she believes it will be worth it for the marketing pop.

Taylor was inspired to create her bib after a long and very messy plane ride with her two young sons and started Bibbitec in 2008. She and her team — her husband is CFO, her sister, Heather McCabe, handles sales and marketing, her uncle, Richard Page, is in charge of production, and her aunt, Marcia Kreitman, advises on design — have expanded the line to include The Ultimate Smock for older children and the Ultimate Mini for babies. Coming soon: a smock for adults.

Taylor already got a taste of what a national TV show appearance can do for sales. In September, Bibbitec’s sales jumped 40 percent after she was on an ABC World News "Made in America" segment. “Within 30 seconds, we started getting sales from all over the country and they didn’t even mention our name on the air,” Taylor says. She said that confirmed her belief that a Shark Tank appearance would be worth it.

Plus, Taylor has been hooked on Shark Tank since the first time she watched it in 2008 as she was developing her product. Trained in theater, she admits she didn’t know much about business and learned from the show. She would practice how she would answer the questions.

“I’m all about empowering women who are sitting on the couch watching, because that’s what I was four years ago,” says Taylor. “All I wanted to do was to be on Shark Tank because I believed if I got on Shark Tank the world will see what I am trying to do and that’s all I need. I know it’s a great product.”

Will that theater training come in handy Friday night? Stay tuned. Shark Tank airs at 9 p.m. on ABC and Taylor hopes viewers will join in on Twitter using the hashtag #sharkbib.





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TotalBank on Wednesday reported $43 million in fourth quarter earnings, which included a one-time tax benefit of $41million. The results compared to a loss of $358,000 in the fourth quarter of 2011.

For the full year, the bank earned $52.5 million, an increase of $48.3 million from 2011.

Miami-based TotalBank has $2.3 billion in assets and 19 branches in Miami-Dade County. In 2012 the bank said it opened two branches in Pinecrest and West Miami, and it plans to build two additional locations in Doral.





INA PAIVA CORDLE





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Consumer confidence takes a dip in Florida




















Florida can’t quite get in a good mood about the economy.

The latest consumer-confidence numbers from the University of Florida extend the overall trend of consumers inching away from their recessionary blues from several years ago. But the most recent numbers show a decline from the fall. In January, the parts of the survey that measure anxiety over personal finances took a turn for the worse, just as payroll taxes went higher.





The UF survey didn’t show the kind of plunge revealed by a similar poll of consumers nationwide. The Conference Board’s confidence index dropped to its lowest level since November 2011. The UF survey is about where it was in August.

Higher payroll taxes are taking a toll on consumers’ willingness to spend freely, analysts said. On Jan. 1, Congress and the White House let expire a temporary waiver on a 2 percent tax used to fund Social Security payments. The restored tax took an instant hit on paychecks across the country, which were issued at roughly the same time as the surveys were taken.

The pinched paychecks may help explain the biggest decliner in the UF survey. While the overall index dropped by about 3 percent, there was an 8 percent drop in the component that measures respondents’ outlook toward their finances a year from now.

DOUGLAS HANKS





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Miami Herald Business Plan Challenge opens for entries




















Entrepreneurs, please don’t let the name of our contest scare you.

As we launch our 15th annual Miami Herald Business Plan Challenge today, we are putting out our annual call for entries. But we aren’t looking for long, laboriously detailed business plans. Quite the contrary.

More and more, today’s investors in very early stage companies want to see a succinct presentation of your concept and how you plan to turn it into a success. We do, too.





If you have a business idea or an operating startup that is less than two years old, you can enter the Challenge, our annual celebration of South Florida entrepreneurship. Sponsored by the Pino Global Entrepreneurship Center at Florida International University, our contest has three tracks — a Community Track, open to all South Floridians; an FIU Track, open to students and alumni of that university; and a High School Track, co-sponsored by the Network for Teaching Entrepreneurship.

Your entry may be up to three pages and you may attach one additional page for a photo, rendering, diagram or spreadsheet if you wish. Think of it as a meaty executive summary. Experts in all aspects of entrepreneurship — serial entrepreneurs, executives, investors, advisors and finance specialists (see judge bios on MiamiHerald.com/challenge) — will judge your short plan. In doing so, they will be looking at your product or service’s value to the customer, market opportunity, business model, management team and your marketing and financial strategies. See the rules on page 22, which also include tips on preparing your entry.

Your entry is due by 11:59 p.m. March 11. Entries should be sent to challenge@miamiherald.com, fiuchallenge@miamiherald.com or highschoolchallenge@miamiherald.com.

Don’t worry, we’re here to help!

“Frame your business from your customer’s perspective and not yours. Rather than diving into a detailed explanation of your product or service, a more compelling way to tell your business story is to clearly share the problem that you are solving for your customers and how your business is different, better, faster, cooler, cheaper, smarter,” says Melissa Krinzman, managing director of Venture Architects and a veteran Challenge judge.

On Feb 26 at 6:30 p.m. at Miami Dade College, we’ll host a free Business Plan Bootcamp, where you can bring your working plan with you for advice from experts, including Krinzman. Find the sign-up link on MiamiHerald.com/challenge.

And each week in Business Monday and on MiamiHerald.com/challenge, we’ll be bringing you advice and answering your questions. You can post your questions on the Q&A on MiamiHerald.com/challenge or email your questions to me at ndahlberg@miamiherald.com. Follow @ndahlberg on Twitter.

The top six finalists in the Community and FIU Tracks will present their 90-second elevator pitches for our popular video contest. Last year our People’s Pick contest drew more than 18,000 votes.

On May 6, in a special section of Business Monday, we will profile the winners — the judges’ top three selections in each track plus the People’s Pick winners. Along the way, we will unveil semifinalists and finalists to keep the suspense building.

Today, though, we are looking back on the entrepreneurial journeys of our 2012 winners. Funding was a nearly universal challenge, and many faced setbacks in developing their platforms. Throughout the entry period, we’ll also look back on other winners from the past 14 years.

Show us what you’ve got. Let’s make this the best Challenge yet.





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Fed aims for a 6.5% jobless rate




















Six and a half percent unemployment in America would mean almost 2.1 million more people working than today. At the rate the country has been creating new jobs each month, it would take more than a year to find work for that many people.

Keep 6.5 percent in mind this week when the Federal Reserve meets Tuesday and Wednesday to talk about its efforts to push interest rates down. The hope is that the cheap cash will spur on investment leading to job creation. After all, the central bank has promised to keep its target interest rate near zero as long as more than 6.5 percent of Americans in the workforce are without work. The Fed has put other conditions on maintaining its historically low interest rate such as low inflation, but official measures remain tame. So its job growth the Fed is looking for.

It won’t have to wait long for the latest update. On Friday the first jobs report of 2013 will be released. Hiring has been a slow grind but it has been positive.





Finding work in January, though, can be tricky. Winter weather, a hangover from the holidays and seasonal work ending can slow down hiring.

It will be months, maybe even a couple of years before the U.S. unemployment rate hits 6.5 percent. There is nothing magical about that number, but as long as the Federal Reserve has it in its sights, so should we.

Tom Hudson is anchor and managing editor of Nightly Business Report, produced by NBR Worldwide and distributed nationally by American Public Television. In South Florida, the show is broadcast at 7 p.m. weekdays on Channel 2. Follow him on Twitter, @HudsonNBR.





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Lennar design accommodates multigenerational families




















In some cases, it may be Grandma moving in with the family. Other times, it may be a recent college graduate returning to the nest.

For all sorts of reasons — financial, medical, personal — a rising number of Americans are moving into extended family households.

Spotting a niche in the growing trend, Lennar Corp. has launched a new concept tailor-made for multigenerational family living.





It’s basically a house within a house: a smaller living unit next to the main home designed to provide independence but also access to the rest of the family household.

“People are really loving the whole concept,” said Carlos Gonzalez, president of the southeast Florida division of Lennar, a Miami-based home-building giant. “We adapted to the market from a design standpoint.”

In Miami-Dade County, Lennar is selling various versions of multigenerational homes in three new developments in Doral, Kendall and Homestead.

Louis Moreno of Kendall and his wife, Danilza Velez, signed a contract for a large NextGen home in The Vineyards development in Homestead last October — even before the models had been built.

“We loved it,” said Moreno, a 45-year-old engineer.

Moreno said his mother-in-law will be able to use the new suite when she visits, as will his family members who frequently come to town from Puerto Rico. “This will provide them with more comfortable space and more privacy,” he said. He also plans to use it as a game room and entertainment area.

The two-story Zinfandel home Moreno picked has three bedrooms and 2 1/2 bathrooms in the main home with a family room and two-car garage. In addition, it has an ample 789-square-foot suite with two bedrooms, a bathroom and a kitchenette. The suite has its own garage, a separate front entrance and an internal door connecting to the main home.

The Zinfandel, which has 2,249 square feet of air-conditioned space in the main house, starts at $283,990 in the Homestead community at 128 SE 28th Ter., but a similar home in Kendall would run about $100,000 more, primarily because of higher land costs, Fernandez said. (In Doral, there is a NextGen home priced at $677,990.)

Some multigenerational models have suites as small as 489 square feet, but all have a separate entrance, a bedroom, a bathroom and some sort of kitchen space.

The idea takes various shapes. One option at the Kendall Square development at 16950 SW 90th St. is a Granny unit above a detached garage.

“Independence is the key word,” said Frank Fernandez, director of sales and marketing for the southeast Florida division.

Depending on local zoning rules, some homes can have full kitchens, others are restricted to kitchenettes with a microwave but no stove. Similarly, some municipalities permit the space to be used as a rental, others prohibit it.

The choice is proving popular. Fernandez said in The Vineyards development in Homestead, 10 of the 14 homes sold to date are NextGen. At Kendall Square, 35 of 107 sales are multigenerational, and at the Isles at Grand Bay development at 11301 NW 74th Street in Doral, five of 48 houses are.

Adapting homes for special needs, such as wheelchairs and safety railings, is done at cost, Fernandez said: “That is company policy.”

As one of the nation’s largest home builders, Lennar has been rebounding strongly from the housing crash. Last week, the builder, whose shares trade on the New York Stock Exchange, posted better than expected earnings for the fourth quarter and fiscal year ended Nov. 30, 2012.





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Miami Dolphins slam Norman Braman, Marlins Park deal




















The Miami Dolphins ramped up their public campaign for a tax-funded stadium renovation this week, buying full-page ads against their top critic and trying to distance the plan from the unpopular Marlins deal.

The team bought an ad in Tuesday’s Miami Herald and El Nuevo Herald knocking auto magnate Norman Braman’s criticism of the Sun Life Stadium deal, which would have Florida and Miami-Dade split the costs with owner Stephen Ross for a $400 million renovation. The Dolphins would pay at least $201 million, with taxpayers using state funds and a higher Miami-Dade hotel tax to pay $199 million.

In a fact sheet sent to media Tuesday morning, the Dolphins listed ways their deal differs from the 2009 Marlins deal. First: Ross, a billionaire real estate developer, would use private dollars to fund at least 51 percent of the Sun Life effort, compared to less than 25 percent from Marlins owner Jeff Loria. Second, Sun Life helps the economy more than the Marlins park does.





“Just because the Marlins did a bad deal doesn’t mean we should oppose a good deal where at least a majority of the cost is paid from private sources and more than 4,000 local jobs are created during construction alone,” the fact sheet states. And while the Dolphins’ Miami Gardens stadium has hosted two Super Bowls since 2007 and is in the running for the 2016 game, “Marlins Stadium does not generate the ability to attract world-class sports events -- other than a World Series from time to time depending on the success of the team.”

NFL teams play eight home games a year if they don’t make the playoffs, while baseball teams have 81.

Miami and Miami-Dade built the Marlins a $640 million stadium at the site of the Dolphins’ old home at the Orange Bowl in Little Havana. The Marlins contributed about $120 million and agreed to pay between $2.5 million and $4.9 million a year for 35 years to pay back $35 million of debt the county borrowed for the stadium. As a publicly owned stadium, the Marlins ballpark pays no property taxes. Most of the public money came from Miami-Dade hotel taxes, along with $50 million of debt tied to the county’s general fund.

Sun Life is privately owned and pays $3 million a year in property taxes to Miami-Dade. It currently receives $2 million a year from Florida’ s stadium program, a subsidy tied to converting the football venue to baseball in the 1990s when the Marlins played there. The Dolphins also paid for a second full-page ad with quotes from leading hoteliers in Miami-Dade endorsing the stadium plan. Among them: Donald Trump, whose company recently purchased the Doral golf resort. “Steve Ross’ commitment to modernize Sun Life Stadium -- while covering most of the construction costs -- is the right thing for Miami-Dade,’’ the ad quotes Trump as saying.

Also on Tuesday, Ross and team CEO Mike Dee sent a letter to Miami-Dade Mayor Carlos Gimenez and county commissioners requesting negotiations over the stadium deal. The letter said the deal Ross unveiled last week is a “baseline for debate” and asked for talks. The letter also urged the commission to adopt a resolution proposed by Commissioner Barbara Jordan endorsing the state bill that would allow taxes for Sun Life. The resolution is on the agenda for Wednesday’s commission meeting.





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Miami Dolphins slam Norman Braman, Marlins Park deal




















The Miami Dolphins ramped up their public campaign for a tax-funded stadium renovation this week, buying full-page ads against their top critic and trying to distance the plan from the unpopular Marlins deal.

The team bought an ad in Tuesday’s Miami Herald and El Nuevo Herald knocking auto magnate Norman Braman’s criticism of the Sun Life Stadium deal, which would have Florida and Miami-Dade split the costs with owner Stephen Ross for a $400 million renovation. The Dolphins would pay at least $201 million, with taxpayers using state funds and a higher Miami-Dade hotel tax to pay $199 million.

In a fact sheet sent to media Tuesday morning, the Dolphins listed ways their deal differs from the 2009 Marlins deal. First: Ross, a billionaire real estate developer, would use private dollars to fund at least 51 percent of the Sun Life effort, compared to less than 25 percent from Marlins owner Jeff Loria. Second, Sun Life helps the economy more than the Marlins park does.





“Just because the Marlins did a bad deal doesn’t mean we should oppose a good deal where at least a majority of the cost is paid from private sources and more than 4,000 local jobs are created during construction alone,” the fact sheet states. And while the Dolphins’ Miami Gardens stadium has hosted two Super Bowls since 2007 and is in the running for the 2016 game, “Marlins Stadium does not generate the ability to attract world-class sports events -- other than a World Series from time to time depending on the success of the team.”

NFL teams play eight home games a year if they don’t make the playoffs, while baseball teams have 81.

Miami and Miami-Dade built the Marlins a $640 million stadium at the site of the Dolphins’ old home at the Orange Bowl in Little Havana. The Marlins contributed about $120 million and agreed to pay between $2.5 million and $4.9 million a year for 35 years to pay back $35 million of debt the county borrowed for the stadium. As a publicly owned stadium, the Marlins ballpark pays no property taxes. Most of the public money came from Miami-Dade hotel taxes, along with $50 million of debt tied to the county’s general fund.

Sun Life is privately owned and pays $3 million a year in property taxes to Miami-Dade. It currently receives $2 million a year from Florida’ s stadium program, a subsidy tied to converting the football venue to baseball in the 1990s when the Marlins played there. The Dolphins also paid for a second full-page ad with quotes from leading hoteliers in Miami-Dade endorsing the stadium plan. Among them: Donald Trump, whose company recently purchased the Doral golf resort. “Steve Ross’ commitment to modernize Sun Life Stadium -- while covering most of the construction costs -- is the right thing for Miami-Dade,’’ the ad quotes Trump as saying.

Also on Tuesday, Ross and team CEO Mike Dee sent a letter to Miami-Dade Mayor Carlos Gimenez and county commissioners requesting negotiations over the stadium deal. The letter said the deal Ross unveiled last week is a “baseline for debate” and asked for talks. The letter also urged the commission to adopt a resolution proposed by Commissioner Barbara Jordan endorsing the state bill that would allow taxes for Sun Life. The resolution is on the agenda for Wednesday’s commission meeting.





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Existing home sales and prices rose in Broward in December




















South Florida’s housing recovery is on strong footing.

In Broward County, the median price of an existing single-family home surged 21.1 percent to $230,000 in December from a year earlier, according to the Greater Fort Lauderdale Realtors.

The median price of an existing condo or townhouse in Broward in December jumped 24.7 percent to $95,100 year over year, the group said.





Sales of single-family homes in Broward climbed 14.9 percent in December year over year while the volume of condo and townhouse closings increased 4.7 percent over the period.

The inventory of single-family homes in Broward fell 35.5 percent in December from a year earlier, while the inventory of condos and townhomes on the market declined 25.2 percent year over year, the Fort Lauderdale group said.

“Buyers are quite surprised there is not more inventory after everything they have been hearing,’’ said Eyvonne Kafourus, an agent with Prudential in Fort Lauderdale. “I see a lot of people coming in from other states, for job transfers and retirement.’’

“Buyers are getting aggravated because they are losing deals,’’ said Charles Bonfiglio, president of the Greater Fort Lauderdale Realtors. “Eighty to 90 percent [of sales] are multiple offer situations. They’ve got to move quickly.’’

The median days on the market for a single-family home in Broward declined to 37 days in December from 56 days a year earlier, the Realtors group said.

Florida has been seeing a flow of new arrivals after a period of exodus during the downturn.

“We’ve obviously turned the corner. We’ve noticed inventory tightening up,’’ said Philip Vias, a broker associate with Prudential in Fort Lauderdale.

Vias said more buyers seem to be coming in from the Northeast. “What’s held things up is homes weren’t selling up north. North it’s starting to trickle down.’’

Statewide in Florida, single-family home sales climbed 15.8 percent in December from a year earlier as the median price increased 14.1 percent to $154,000.





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Series for Miami’s emerging art collectors begins Thursday




















For art enthusiasts interested in bring their interest home, Miami’s Bakehouse Art Complex is hosting a lecture series for emerging collectors. The first panel, slated for Thursday at 6 p.m., features arists and curators who will talk about fine tuning your taste and learning to make informed decisions. The second session, Feb. 7, is oriented to the mechanics of purchasing. The third, on Feb. 21, explores how to manage your collection.

Moderating all three panels will be Denise Gerson, independent curator who served as associate director for the Lowe Museum of Art for 24 years. Cost is $25 per session or $60 for the series. Seating is limited; reservations are recommended.

Information at 305-576-2828; www.bacfl.org.





Jane Wooldridge





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Investors await word from Apple




















No company today elicits such devotion and dedication among its customers and shareholders like Apple. The fervor felt by Apple fans for its products, its leaders and its business underscore the company’s technological eco-centric strategy. While that loyalty has made for rich rewards over the long term, it will mean very little to a myopic stock market when Apple reports its latest financial results Wednesday.

When a company so dominates a business like Apple does, it is subject to plenty of rumors, especially when that company, like Apple, is disciplined to not respond to speculation. There have been a series of anonymous and Wall Street analyst worries floated in the past quarter centered on the iPhone 5. First were concerns Apple couldn’t get enough supplies to build the phones fast enough. Then there were hints Apple cut its supply orders, suggesting slower sales.

Apple optimists have been quick to defend the company even as its stock has fallen from $700 to around $500 per share since September. The stock drop has come even as Apple probably sold a record number of iPhones and iPads during the holiday quarter.





No doubt Apple will trumpet its financial prowess on Wednesday. And it should. After all it generates more than $500 million dollars a day. But the short-sighted stock market has been conditioned to expect big numbers. Therein is the challenge for Apple: incubating such devotion without inflating expectations.

Tom Hudson is anchor and managing editor of Nightly Business Report, produced by NBR Worldwide and distributed nationally by American Public Television. In South Florida, the show is broadcast at 7 p.m. weekdays on Channel 2. Follow him on Twitter, @HudsonNBR.





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Miami-Dade considering support for Dolphins’ tax plan




















The issue of tax-funded sports stadiums will soon be back on the Miami-Dade County Commission’s agenda.

Commissioner Barbara Jordan is slated to introduce a resolution Wednesday backing the Miami Dolphins’ plan to use a state subsidy and local hotel taxes to fund about half of a $400 million renovation of Sun Life Stadium. The resolution urges Florida lawmakers to pass a bill allowing the funding, and cites the upgrades’ ability to attract Super Bowl and other major events to the stadium.

The discussion comes roughly three years after a divided Miami-Dade commission backed borrowing about $360 million to build the Marlins a new $640 million baseball park in Little Havana. (The Marlins contributed $155 million, and Miami paid $120 million toward the complex, including a garage.)





The vote is widely credited with helping fuel the 2011 recall of then-mayor Carlos Alvarez. Dolphins insiders cite Marlins backlash as a major obstacle to winning tax dollars for the Sun Life renovation.

“If you give everything a little time, hopefully it heals a little bit,’’ said Rep. Erik Fresen, the original sponsor of the Dolphins’ stadium bill during the 2011 bid for a tax-funded renovation. “Last time, it was literally on the heels of the recall and everything that was so specific to the Marlins’ stadium.”

Dolphins owner Stephen Ross has pledged private dollars would fund the majority of the $400 million upgrade of the privately owned stadium. The bill would qualify Sun Life for $90 million in state tax dollars over 30 years, and allow Miami-Dade to increase mainland hotel taxes to 7 percent from 6 percent for the renovations. The tax increase would generate about $10 million a year under the current market conditions.

In recent days, the Dolphins have released endorsements from large hotels in the area, including the Fontainebleau, Intercontinental, Trump Doral and, most recently, a string of Marriotts owned by the MDM development firm.

The baseball debate continues to hover over local politics. Last fall, Jordan was targeted by an anti-Marlins group for defeat in a reelection campaign supported by the Dolphins. She was not immediately available for comment Friday evening.

Norman Braman, the auto magnate who tried to block the Marlins plan and targeted Jordan and other baseball supporters for defeat, said he expected the commission to back public dollars for the Dolphins, too.

“I think they’ve got all the chutzpah you can imagine,’’ he said of incumbent commissioners. “I would be shocked if the commission didn’t do this.”

Fresen, a Miami Republican and co-sponsor in the House of the new Dolphins bill, said he needs the commission to endorse the legislation before he pushes it will fellow lawmakers. Rep. Eddy Gonzalez, a Republican from Hialeah and co-sponsor of the bill, said he gives the Dolphins plan a 50 percent chance of passing the House.

“The entire delegation is not on board. We need a product everyone can live with,’’ he said.

The bill would create a special $3 million yearly stadium subsidy designed for Sun Life. The Dolphins currently receive $2 million a year from Florida under the current stadium subsidy program, tied to retrofitting the Miami Gardens facility to house the Marlins in the 1990s. The team moved out in 2011, and the Dolphins $2 million payments end in 2023.

While the bill opens up the subsidy to any renovation project where public dollars make up a minority of the funding, the language also restricts Florida from paying it to more than one stadium. Ron Book, the Dolphins’ lobbyist, said limiting the bill to one $3 million payout a year should make the proposal more palatable amid Florida’s continuing budget squeeze.

“You have to manage the economic impact to the state,’’ he said.





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JM Family Enterprises and Baptist Health South Florida make FORTUNE’s list of best companies




















Two South Florida companies made the ranking on FORTUNE magazine's 2013 list of the “100 Best Companies to Work For” in America, released on Thursday.

Diversified automotive company JM Family Enterprises, based in Deerfield Beach, was ranked No. 32, marking its 15th consecutive year on the list. Two-thirds of the company’s score is based on responses to an anonymous survey sent to 1,664 randomly selected associates in the United States, and the remainder is determined by an evaluation of the company’s overall culture, JM Family Enterprises said.

Baptist Health South Florida also made FORTUNE’S list, coming in at No. 76. Baptist Health, based in Miami, has 14,145 employees, up 6.8 percent in 2012, according to FORTUNE.





INA PAIVA CORDLE





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Miami Dolphins bill would bring state money to aging stadiums




















A bill drafted by the Miami Dolphins would give Florida sports teams $3 million a year in state money to improve older stadiums, provided the owner pays for at least half the cost of a major renovation.

Under the law, the stadium would need to be 20 years old and the team willing to put in at least $125 million for a $250 million renovation. That’s less than the $400 million redo of Sun Life Stadium that Dolphins owner Stephen Ross proposed this week, which he hopes will win state approval thanks to his offer to fund at least $200 million of the effort to modernize the 1987 facility.

Miami-Dade and Florida would fund the rest through a mix of county hotel taxes and state general funds set aside for stadiums. Sun Life currently receives $2 million a year through the program, and the Dolphins want to create a new category that would give them an additional $3 million.





While the Miami Marlins and Miami Heat both play in stadiums subsidized by county hotel taxes, the Dolphins receive no local dollars. The bill would change that by allowing Miami-Dade to increase the tax charged at mainland hotels to 7 percent from 6 percent, and eliminate the current rule that limits the money to publicly owned stadiums. Sun Life Stadium, in Miami Gardens, is privately owned but sits on county land.

The bill pits enthusiasm for one of Florida’s most popular sports teams against a lean budget climate and lingering backlash against the 2009 deal that had Miami and Miami-Dade borrow about $485 million to build a new ballpark for the Marlins. Ross also must navigate a Republican-led Legislature that has twice rebuffed his requests for public dollars.

“I would be surprised if that bill even got a hearing in committee,” said Mike Fasano, a Republican representative from the Tampa area and a critic of tax-funded sports deals. “I’m a big Dolphin fan, and have been for years. But with all due respect, we’ve got people who are struggling throughout this state right now . .. The last thing we should be doing is giving a professional sports team or facility additional tax dollars.”

While the bill would open up the $3 million subsidy to other the teams, the Dolphins see it as unlikely that another owner would be willing to put up as much money for renovations as Ross, a billionaire real estate developer.

If the bill were enacted today, any stadium opened before 1993 would be eligible for the money, provided it could show the proposed renovation would generate an additional $3 million in sales taxes.

Ross and his backers are pitching the renovation as a boon to tourism, with Sun Life a magnet for the Super Bowl, national college football games and other major events. The National Football League is considering South Florida and San Francisco for the 2016 Super Bowl, and the Dolphins say approval of renovation funding is crucial to winning the bid.

Sen. Oscar Braynon, D-Miami Gardens, who sponsored the Senate bill, said the funding makes sense because when Sun Life hosts a Super Bowl, the entire state benefits from both tourism dollars and publicity.

“It’s a small price to pay for economic development, and for all the shine we get from major sporting events,” said Braynon, whose district includes Sun Life. Rep. Eduardo “Eddy” Gonzalez, R-Hialeah, is the sponsor on the House side.





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Global entrepreneurship nonprofit Endeavor coming to Miami




















Flawless execution helped propel Argentine Marcos Galperin’s e-auction site, Mercado Libre, above the competition to become a $3.8 billion company. Some 50,000 small businesses now use it to market their wares.

Leila Velez and HeloĆ­sa Helena Assis, cousins who grew up in the slums of Rio, started with one product and one salon. Today their company, Beleza Natural, operates 24 salons that bring in $75 million in revenues, employs 1,500 people and has an eye on U.S expansion.

Both were powered, in part, by Endeavor, a global nonprofit that selects, mentors, supports and accelerates high-impact entrepreneurs in metropolitan areas of 16 countries — and, soon, in Miami.





Endeavor and its local supporter, the John S. and James L. Knight Foundation, announced Tuesday that Knight is providing Endeavor with $2 million in grant funding over five years for Endeavor’s first U.S. expansion. Endeavor’s Miami office could ultimately service dozens of local entrepreneurs, but first a local board needs to be assembled, a managing director hired and offices set up.

Beginning late this year, South Florida’s innovators will be able to apply to become Endeavor Entrepreneurs, connecting them to a global network of mentors and advisors who can help grow their ventures. “We think this is a cornerstone of making Miami more of a place where ideas are built,” said Matt Haggman, Miami program director for the Knight Foundation, which has made entrepreneurship a key focus of its Miami program.

The announcement is an important milestone in Miami’s efforts to accelerate an entrepreneurial ecosystem, which has been gaining momentum, said Haggman, who led the effort for Knight, its largest investment in entrepreneurship to date. Accelerators, incubators and co-working spaces have been opening up, including Launch Pad Tech, which is receiving $1.5 million in public funding and opens for its first class next week. Last month, the first ever Innovate MIA week attracted hundreds of entrepreneurs, investors and other supporters to a packed schedule of daily events, which included the Americas Venture Capital Conference and Endeavor’s International Selection Panel.

“Miami is almost the perfect seeding ground for Endeavor,” said Peter Kellner, co-founder of Endeavor and now an Endeavor board member, an investor and South Florida resident who began discussing the project with Haggman in the spring. “There are commitments from large institutions like Knight, FIU, UM, there is capital, there are people that are interested in making things happen, there are already clusters of activity like accelerators and incubators. That’s where Endeavor thrives.”

Endeavor selects and works primarily with companies from a wide range of industries that are already earning $500,000 to $15 million in annual revenue and ready for the next stage: explosive growth.

“While the vast majority of small businesses employ two or three people, Endeavor businesses employ an average of 237,” said Endeavor co-founder and CEO Linda Rottenberg.

Launched in 1998 and headquartered in New York City, Endeavor now operates throughout Latin America, Africa, the Middle East, Europe and Southeast Asia and supports more than 750 entrepreneurs who are chosen in a rigorous selection process.





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.CO sets sights on changing ‘the fabric of the Internet’




















For the millions of people who equate the Web with .com, . CO Internet is out to change that mindset.

The Miami company that manages and markets the .co domain is already making impressive gains — more than 1.4 million in 200 countries have hung their businesses, blogs, personal projects or dreams on a .co virtual shingle. Still, that’s just a tiny fraction of industry titan VeriSign’s 105 million .com registrants.

“We want to change the fabric of the Internet,” Juan Diego Calle, founder and CEO of .CO Internet, said during an interview in .CO’s Brickell office. “We can only make that happen not by changing what happened in the last 25 years of the Web, which is owned by .com. We want to change the next 25.”





About 2½ years after the launch of .CO Internet, .co — the country code of Colombia — continues to be one of the fastest-growing Internet domains in the world and grew by 24 percent in 2012. .CO Internet is profitable and is projecting to bring in more than $25 million in revenues this year, the company said. The early success of .CO Internet, with operations in Miami and Colombia, is powered by passion and perseverance.

Calle moved to Miami from Colombia at age 15 with his family. He started several businesses, including one he sold in 2005 providing seed capital for what would come next. “I can’t say I ever sat still.” When he learned Colombia would be commercializing the country's .co domain extension in late 2006, he said it hit him like a lightning bolt.

With the right strategy and by “marketing the hell out of it,” the entrepreneur believed .co could solve a huge problem in the market — vanishing Internet domain names. If you’ve tried to nab a new .com address lately, you can relate — it’s difficult to find one that hasn’t been snatched up.

Calle thought that by appealing to the hearts and minds of the entrepreneur, .co could go where .info, .biz, .net or .me had never gone before. But first he needed the right team.

One of this first stops: The Big Apple, to visit Nicolai Bezsonoff, who had been an advisor and shareholder in Calle’s TeRespondo.com, a sort of Ask Jeeves for the Latin American market that was sold to Yahoo in 2005. At the time, Bezsonoff was the director of technology and operations at Citigroup.

“We went out for coffee, he started pitching me on a napkin. I said ‘really dude you want me to leave a big job at Citigroup for this?’ ” said Bezsonoff. “But he kept showing me the numbers … Later, that napkin was on my desk and it was one of those boring days and I kept looking at it and thought maybe I should.” He would become .CO’s chief operating officer.

Lori Anne Wardi, a lawyer and serial entrepreneur who was working at a venture capital firm at the time, became vice president in charge of brand strategy, business development and global communications. “She’s the heart and soul of the company,” said Calle. Eduardo Santoyo, based in Bogota, would become corporate vice president over policy and be the liaison with the Colombian government. “Some would say it was overkill talent but I needed the best. ... When you have a big dream, you have to think big and hire the right people,” Calle said.





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