It’s the Best, and Worst, of Times for Business in Florida, Survey Finds | Investing News


FILE PHOTO: An empty street is seen in Little Havana, Miami, after local authorities restricted the activities of restaurants, bars, gyms, movie theaters and other similar businesses for precaution due to coronavirus disease (COVID-19) spread, in Miami, Florida U.S., March 23, 2020. REUTERS/Carlos Barria/File PhotoReuters

(Reuters) – Florida is one of the five best states in the nation in which to do business, according to a new survey. It’s also one of the five worst, according to the same survey, thanks to COVID-19.

Every three years, Development Counsellors International, an economic development marketing firm, surveys executives to rank business climates in the various U.S. states. For the first time since they began doing the survey in 1996, a single state landed in the top five in both categories: Florida. The DCI report was released on Tuesday.

“The rationale for Florida being on both the best and worst lists was

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Black Americans Pay More For Homes Than Any Other Group: Study Finds

A new study from MIT has found that Black Americans pay more for homeownership than any other group.

Black Americans, HomeownershipJoe Raedle / Getty Images

The study, conducted by Edward Golding, executive director of the MIT Golub Center for Finance and Policy, reports that Black Americans pay more for mortgage interest, mortgage insurance, and property taxes than other homeowners.

The disparities are as follows: $743 per year in mortgage interest payments, $550 a year mortgage insurance premiums, and$390 per year in property taxes. All-in-all this accounts for a $67,320 loss in retirement savings for Black homeowners over 30 years.

“The small differences compounding over the life of the mortgage and during homeownership can add up,” writes Golding. “Even if it is a few hundred dollars a year here and there, it can amount to another year’s salary families would otherwise have.”

“While mortgage costs are determined by markets to some extent,” said

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Oregon wildfires burned $1 billion in homes and belongings last month, new tally finds

Oregonians lost nearly $1 billion in homes and belongings during last month’s wildfires, which torched more than 4,000 residences and burned more than 1 million acres across the state, according to a new report.

a bench in front of a fence: Wildfire damage in Gates, Oregon off Highway 22 in Marion County on Monday, Sept. 21, 2020. Wildfires ripped through the small town of less than 500 people a little over a week ago, destroying many homes and businesses. Sean Meagher/Staff

© Sean Meagher/The Oregonian/
Wildfire damage in Gates, Oregon off Highway 22 in Marion County on Monday, Sept. 21, 2020. Wildfires ripped through the small town of less than 500 people a little over a week ago, destroying many homes and businesses. Sean Meagher/Staff

It’s among the first efforts to calculate the economic toll of the fires, which also killed at least nine people last month.

Josh Lehner of the Oregon Office of Economic Analysis said the homes and personal property destroyed are only the initial calculation of what the state lost. The wildfires damaged the state’s outdoor recreation industry, its timber sector and the state’s image as a healthy, active place to live – and

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Awaiting JEDI, Pentagon finds ‘new homes’ for missions that need cloud now

Written by

Billy Mitchell

While the Department of Defense’s Joint Enterprise Defense Infrastructure cloud acquisition remains held up in court, CIO Dana Deasy is looking to find “new homes” in the cloud for critical defense mission sets that can’t wait around any longer for JEDI.

When the Court of Federal Claims ordered DOD in February to halt work with Microsoft under the $10 billion JEDI contract amid Amazon‘s protest of the deal, the department pivoted to find alternative clouds for services, commands and other defense agencies with “urgent warfighting” needs, Deasy told reporters Tuesday.

“Our day-one philosophy when we were told by the court we need to stand down moving forward with Microsoft was to cause no harm, cause no disruption to the warfighter,” Deasy said during a press call hosted by the Defense Writers Group. Before the court’s injunction, DOD had started preparing a

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Millennials Prefer Value Home Investments Versus Affordability, QuoteWizard Study Finds

SEATTLE, Sept. 30, 2020 /PRNewswire/ — QuoteWizard®, a LendingTree company, and one of the nation’s leading online insurance marketplaces released a report on states where millennials are buying more homes. When comparing homeownership rates over the six-year period, QuoteWizard found that nearly half of all states saw some growth in millennial ownership, whereas the other half saw a decline.

The biggest correlating factor QuoteWizard found to reflect millennial homeownership growth is a differential type of metric that signals the quality of home investment. This differential of home value and mortgage balance in each state can be viewed as a value metric that shows a willingness to incur mortgage debt for a value investment in a home. The differential in home value and mortgage balance metric showed a strong correlation in the top growing states for millennial homeownership.

Visit the full report here,

Key Findings:

  • The 17 states

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