BofA raises U.S. minimum hourly wage to $25, increasing starting salary to more than $50K Bank of America has raised its U.S. minimum hourly wage to $25 per hour. With the increase, the minimum annualized salary for full-time employees in the U.S. will rise to more than $50,000. The increase, which goes into effect in [...]
Economic Opportunities Council of Indian River (EOC) welcomes new board member As the Economic Opportunities Council of Indian River County (EOC) celebrates its 60th Anniversary, the board of directors welcomes Ms. Patti Gibbons. Her appointment to the board is special, as she is joining the team in honor of her daughter, Emily. Emily was a [...]
BofA Community Development Banking delivers $7.8 Billion in financing, creating 12,600 housing units Bank of America Community Development Banking provided $7.8 billion in debt and equity financing last year to help create and preserve 12,600 housing units for individuals, families, seniors, veterans, the formerly homeless and those with special needs. Bank of America helps [...]
Renters on the Treasure Coast worry that renting will hurt them in the long-term Knowing when and how to buy a home in the current market can feel like an insurmountable challenge. Between a new report that found renting is cheaper than buying a home in the 50 largest metros and the long-held belief that [...]
Florida Small Business Emergency Bridge Loan Program The Florida Small Business Emergency Bridge Loan program provides short-term, zero-interest working capital loans that are intended to "bridge the gap" between the time a disaster impacts a business and when a business has secured longer term recovery funding such as federally or commercially available loans, insurance claims [...]
New Martin County Forever initiative underway A group of concerned citizens, passionate about preserving vast areas of environmentally sensitive lands, has created a new conservation initiative called Martin County Forever. The group has spent most of this year on outreach and education to determine whether citizens would be supportive of a sales-tax referendum to acquire these [...]
Research calls 2024 “The Year of the Landing” Few have experienced today’s macro uncertainty in their lifetime, and investors have underappreciated and underpriced its impact. The recession that many expected in 2023 never arrived. Inflation rates peaked in the fall of 2022 in many geographies and disinflation continued throughout 2023, despite economies being generally stronger [...]
Indian River Chamber honors local companies The Indian River County Chamber of Commerce celebrated the achievements of fifteen local companies at its annual Industry Appreciation Awards luncheon on October 26, at the Indian River State College Richardson Center. A list of the 2023 award recipients is posted on the Chamber’s economic development website. Florida Power [...]
President focuses on inflection points in the business lifecycle Susan Rabinowitz According to Susan Rabinowitz, Business Banking Market Executive and President, Bank of America Treasure Coast Market, "The Treasure Coast is home to large variety of business sectors, from manufacturing to logistics to a growing presence of industrial warehouses. Each of these businesses [...]
FCF/FFC advocates for and delivers tax relief for small business owners First Capital Finance/Florida First Capital (FCF/FFC) won big for small businesses in Florida during this legislative session. Working hand-in-hand with members of the Florida House of Representatives and the Senate, FCF/FFC secured passage of language addressing the double taxation of SBA 504 loans. "This [...]