Florida has paid out more money in unemployment claims over the last five weeks than all of the last four years combined, but tens of thousands of people applying for unemployment remain in limbo as of Wednesday.
One Panama City Beach woman shares her struggle with the unemployment filing process. Meanwhile a local expert says she’s seen an increase in those who’ve been able to complete their claims, but there are still many who are waiting to hear their status or don’t understand why they were denied.
According to a new study, only about 8% of Floridians who filed for unemployment benefits in mid-March were actually approved. This comes as many are still struggling to make it through the application process.
Bobby Beard, owner of the Salty Hobo in St. Andrews, said he's applied for the Paycheck Protection Program twice before it ran out of money. Now he worries the same thing could happen again despite the passage of the latest federal stimulus package that should refresh the program.
The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to Florida small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19), SBA Administrator Jovita Carranza announced today.
Over the year, Florida businesses created 201,700 private-sector jobs and the state’s annual private-sector job growth rate of 2.6 percent continues to outpace the national job growth rate of 1.6 percent.
The contract, which is between Panama City, Eastern Shipbuilding and the U.S. Coast Guard, was put into place before Hurricane Michael and says Triumph Gulf Coast will provide $20 million to create a shipbuilding facility to build Coast Guard cutters.
Although GKN Aerospace won't be delivering it's promise of 200 jobs in five years, the President of the Bay Economic Development Alliance Becca Hardin says she wants people to know it was purely a corporate decision and had nothing to do with Hurricane Michael or a lack of skilled workers.
The Bay Economic Development Alliance is currently working on 23 projects. Officials say there are about eight projects the EDA hopes to secure by the end of 2019 or the beginning of 2020, which they hope to announce in the coming months.