In this week’s Economic Report, Dr. Rick Harper looks at the latest Gross Domestic Product (GDP) figures. According to revised data released Thursday (March 27) by the Commerce Department, GDP grew at an annual pace of 2.6 percent in the fourth quarter of 2013. The growth rate is slightly better than the 2.4% estimate published in February, but was down from 3.2% originally reported in January. Harper says “Overall, it’s a pretty good report,” noting increases in 1) consumer spending, 2) business investment spending, and 3) exports.
One of the issues the legislature will take up in this year's session is Performance Based Funding for Florida's Universities. And, if implemented, the system could cost the University of West Florida a lot of money.
Florida Governor Rick Scott delivers his annual State of the State address Tuesday, March 4, signaling the start of the 2014 Legislative Session. His speech will start at 10 a.m. Central Time. Again this year, Senate President Don Gaetz and House Speaker Will Weatherford have joined together on a priority agenda. “These are issues that rise above politics and we think they can get done. They must get done. We will get them done,” says Gaetz, a Republican from Niceville.
Ground may be breaking soon on some long awaited commercial development at the University of West Florida.
Dr. Jim Barnett, the Interim CEO of the Business Enterprise Inc, or BEI, at the University of West Florida says the BEI Board of Difrectors approved the project at its February 17 meeting. It goes to the full UWF Board of Trustees for final approval on March 26. Barnett says that if approval is given, ground could be broken two days later. This would be the first phase of development at the University's Highway 90 and Campus Drive entrance.
Students across the state rallied today for more construction money for the state's universities.
Chris Hill is the Student Body President at the University of West Florida.He was one of the leaders of the rally at the UWF Commons Wednesday afternoon. He said the students "Hard Hat Rally" was to call attention to the need for more construction funds to improve university facilities at UWF, and across the state.