Auburndale
Auburndale, FL · Business
nicholsonstudentmedia.com
WATCH: Brightline pursues Cocoa, Tampa expansion amid financial restructuring
Brightline secured $490 million in financing commitments as part of financial restructuring plans that could expand rail connections across Central Florida from Tampa to the Space Coast. According to the press release, the financial restructuring agreement is intended to reduce the company’s debt and provide new capital. “Today’s agreement...
tbbwmag.com
Port Tampa Bay Strikes Major Deal for 10,000-Car Terminal
Port Tampa Bay has struck a long-term agreement with GLOVIS America for a 32-acre expansion of its car shipping terminal, increasing the company’s operating footprint by approximately 66% and making room for a planned capacity of 10,000 vehicles. Announced Monday, Nov. 9, the deal gives GLOVIS control of property...
wusf.org
businessobserverfl.com
3-building industrial project worth $65M underway in Tampa
Creation Equity, an Arizona real estate development and investment firm, has begun work on the construction of a three-building industrial center in east Tampa. The 330,000-square-foot project is in its early stages and the firm plans a ceremonial groundbreaking in coming weeks. 301 Exchange, as it will be known, will...
stpeterising.com
ilovetheburg.com
whatnow.com
businessdailynetwork.com
pasconewsonline.com
businessobserverfl.com
Fort Lauderdale HR firm acquires Lutz company
Fort Lauderdale-based professional employer organization Engage PEO has acquired Lutz-based ASM PEO, adding another Gulf Coast company to its national HR outsourcing business after earlier deals in St. Petersburg and Sarasota, the company says. Engage PEO, which provides human resources, payroll, employee benefits and compliance outsourcing to small and mid-sized...
centralfloridaagnews.com
The Ledger
Geico plans permanent layoffs for 114 in Florida starting Dec. 31
(This article was revised to clarify the locations of the workers and correct the number of current regional locations for Geico.) More than 114 remote employees in Florida who report to Geico's Lakeland office will begin losing their jobs by the end of the year, according to a WARN notice the company sent to the Florida Department of Commerce. The anticipated mass layoff will affect "remote employees who report into the Lakeland office in its Staff Counsel, Florida PIP organization," the notice said. Geico expects the layoffs to begin on or about Dec. 31. The layoffs will affect employees in Florida but will not affect any Lakeland residents, according to a Nov. 5 email from Geico's corporate communications. Florida's recent tort reform led to the layoffs. "The legal system reforms enacted in Florida in 2023 have significantly reduced litigation volume in the state, contributing to a more stable insurance market and real savings for our customers," said Ross Feinstein, lead external communications for Geico. "As that litigation has declined, we have adjusted our Staff Counsel operations accordingly, with a focus on identifying potential opportunities for our people across the company.” The job losses are expected to occur in stages, between