What is the CCTCP? The Community Contribution Tax Credit Program (CCTCP) is a State of Florida funded incentive to encourage businesses to partner with agencies that provide affordable housing. Through this tax credit program, your company can sponsor a Seminole-Apopka home and recoup your donation via a refund on sales tax you’ve remitted to the [...]
Effective October 1, 2018, the Small Business Administration's Surety Bond Guarantee (SBG) program will cut the contractor's fee for surety bond guarantees from $7.29 per $1,000, to $6.00 per $1,000. Many small and emerging contractors rely on the SBA to gain access to surety credit, and since the SBA fee is paid on top of [...]
From our team to yours, we hope you have a relaxing and wonderful Labor Day weekend! Our office will be closed on Monday in observance of the holiday. We will resume normal business hours on Tuesday, 9/4.
Per the Orlando Business Journal, three of downtown Orlando's most prominent buildings are getting a facelift in a high-profile renovation project in the central business district. "San Diego-based Southwest Value Partners, downtown Orlando's largest office landlord, is rolling out a series of multimillion-dollar renovations to the Bank of America Center, the Citrus Center and the [...]
The OBJ provided some great details on the future KMPG Training Center being built at Lake Nona. Per the article "The titanic KMPG Learning, Development & Innovation Center at Lake Nona — spreading out over 55 acres — already towers above the tree line despite still being built in the fast-growing southeast Orlando community. The [...]
The Orlando Sentinel broke the news last week - The Ultimate I-4 job is officially behind schedule and well over budget. So far it's been determined that the project is 8 months behind with a new expected completion time of early 2021 and $100 million over the original $2.3 billion budget, according to a recent [...]
Per an article on www.bizjournals.com "Employment in Central Florida’s construction industry has ballooned to a size that hasn’t been seen in a decade despite a slowdown in construction starts. The Orlando-Kissimmee-Sanford area employed about 79,000 people in the construction industry in May — a benchmark that hasn’t been reached since December 2007, according to recent [...]
The Orlando Business Journal just released a list of Central Florida's Top General Contractors and Construction Managers, ranked by value of 2017 Central Forida projects breaking ground. 1. Hensel Phelps - $1.4 billion 2. Turner - $1.33 billion 3. Kiewit Southern Corp - $1.31 billion 4. DRP Construction - $473.8 million 5. Brasfield & Corrie [...]
Finally....some good news on credit scoring. "If your credit scores are a little higher all of a sudden and you can’t figure out why, there’s an explanation. Starting April 16, all three credit bureaus (Experian, Equifax, and TransUnion) will remove all tax liens from consumer credit reports. If you’re facing a tax lien, that information [...]
"For the sixth month running, Florida’s unemployment rate held at a nearly 11-year low of 3.9 percent in March as steady job gains continued. While many factors kept Florida’s economy chugging along, three industries stand out for leading year-over-year job growth: professional and business services; hospitality and leisure; and construction. Together, those three sectors accounted [...]