“Operation Airwolf” has come to fruition in Santa Rosa County, with the addition of a helicopter repair facility in Milton’s Santa Rosa Industrial Park. The jobs created are expected to average around $60,000 per year.
“Airwolf” was the code name for Aerosync Support Incorporated, which has purchased the old West Coast Metal Roofing building. Plans call for the firm to spend about $2 million for renovations. The plant will then join other Aerosync facilities in Wichita, Kansas and Bogotá, Colombia.
In this week’s Economic Report, Dr. Rick Harper discusses several recently announced economic developments in Northwest Florida.
In Pensacola, the Institute for Human and Machine Cognition announced that it’s ready to resume the planned expansion of its downtown research facility, after a near year-long delay due to the April 2014 flooding.
In this week’s Economic Report, Dr. Rick Harper provides analysis of Governor Rick Scott’s recommended education budget, the improving housing industry, and Visit Florida’s “Destination 2020” tourism plan.
In his "Keep Florida Working" budget plan for 2015-2016, Gov. Scott is proposing historic per pupil funding of $7,176, an increase of $50 over the previous record for fiscal year 2007-2008.
In this week’s Economic Report, Dr. Rick Harper provides analysis of local job growth during last year, which he details in his latest bi-weekly economics column.
The headline is ‘Pensacola-area job growth was better than expected in 2014.’
“What was really good news is that for the most recent twelve months, we actually saw a 3,400 job increase,” said Harper. That’s an increase of about 2.1 percent, which is slightly above the national figure of 2.0 percent, and a bit below Florida’s rate of 3.0 percent.
In this week’s Economic Report on WUWF, Dr. Rick Harper, discusses new initiatives from the University of West Florida Office of Economic Development and Engagement (OEDE) and Haas Center for Business Research and Economic Development.
“There’s a lot of new things happening and among those is an effort to step up publicity that we generate about the sorts of things that we’re doing,” said Harper, who is director of OEDE.
In this week’s Economic Report, Dr. Rick Harper shares details from the November 2014 jobs report, updates the holiday shopping season, and reviews the summer tourism season in Northwest Florida.
The latest report from the U.S. Bureau of Labor Statistics, released Dec. 5, shows that employment rose by 321,000 in November, compared with an average monthly gain of 224,000 over the prior 12 months.
In this week’s Economic Report on WUWF, Dr. Rick Harper discusses data on this year’s Black Friday and Cyber Monday holiday shopping days, what's projected in the latest jobs report, and the hiring of a new economic development coordinator at the Haas Center.
In taking a closer look at Black Friday, holiday weekend sales dropped by eleven percent, relative to last year. The projection had been a growth in sales of 9-11%. Cyber Monday sales rose 8%.
In this week’s Economic Report, Dr. Rick Harper discusses the big holiday shopping days of Black Friday and Cyber Monday.
Of course, Black Friday is starting earlier, now on Thanksgiving Day for some retail outlets.
According to Harper, projections call for just a modest increase in retail sales on Black Friday 2014 over previous years. “If it were a healthy, robust economy, we’d expect to see maybe a five to seven percent increase in same store sales. But retail analysts are expecting to see less than that,” said Harper.
“It’s an exciting time for our office, and hopefully for the region,” said Harper, executive director of the UWF OEDE.The initiative provides $1.5 million in matching grants to connect Northwest Florida businesses with research resources available through UWF.