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Your business is a dynamic enterprise. It can grow, build, change shape, and point in new directions in the blink of an eye. At Lakeside Executive Suites, this is how we approach office space. We don’t build boxes. We create workspaces that are as future-minded as the entrepreneurs who occupy them and that deliver the flexibility and technology required to operate on the cusp of tomorrow. Whether it’s a full-time office space, or just a meeting room for the day, we offer a range of options and services designed to help you conduct business your way.

Monthly Archives: November 2013

South Floridians Finding More Jobs
Posted On November 27, 2013 Posted By: admin

South Florida is for all practical purposes out of the economical slump that it had suffered from the Financial crisis. It is so refreshing to see that more and more South Floridians are finding new jobs. This is a clear sign that businesses are doing better and feel comfortable enough to hire. The South Florida Business Journal reports that:

South Florida’s unemployment rate dropped to 7 percent in October, an improvement over last year’s 8.2 percent.

Florida’s seasonally adjusted jobless rate was 6.7 percent in October, down 0.1 percentage points over the month and 1.5 percentage points from 8.2 percent a year ago, according to the Florida Department of Economic Opportunity.

The state’s October rate was the lowest since August 2008 when it was also 6.7 percent. There were 625,000 jobless Floridians out of a labor force of 9.4 million in October.

The U.S. unemployment rate was 7.3 percent in October.

The workforce in Miami-Dade, Broward and Palm Beach counties loss 8,752 jobs from September to October, according to state data. The labor force lost 13,160 people and dropped to 2.9 million.

During the last 12 months, the region gained 876 jobs overall, and decreased its unemployment rate by 1.2 percentage points.

Miami-Dade added 4,329 jobs in October, while its non-seasonally adjusted unemployment rate increased by 0.2 percentage points, month-over-month, to 8.5 percent. That number is 0.7 percentage points lower than the jobless rate one year ago. The county’s labor force gained 6,857 people in October.

Broward’s unemployment rate decreased 0.3 percentage points, to 5.3, in October. That number is less than what it was a year ago, at 6.9 percent. The county lost 9,481 jobs from September to October, while its labor force decreased by 13,092 people.

Palm Beach also saw a month-over-month decrease in its jobless rate – to 6.7 percent in October from 7.1 percent in September – and was down from last year’s 8.4 percent. The county lost 3,600 jobs between September and October, according to state data. The county’s labor force also lost 6,295 workers.

As companies grow so does their need for expanded space. We at Lakeside Executive Suites are proud to house some of the most successful local small businesses. Click here to see our array of offerings. Wishing you and your loved ones a very Happy Thanksgiving.

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What Does The Latest News on the Affordable Healthcare Act Mean for Small Business?
Posted On November 15, 2013 Posted By: admin

One of the major pieces of legislation coming out of Washington D.C. that has the most direct impact on small businesses in the near future is the Affordable Healthcare law, also known as Obamacare. There have been several news regarding the law over the past few months but recently an interesting and quite important development occurred:

In case you missed it, President Barack Obama came out Thursday and made a late-in-the-game change to the health care reform law. He announced that insurers will be able to continue coverage next year for current policy holders that otherwise would be canceled under the new health-care law.

So what does this mean for small business owners and individuals trying to make sense of it?

Although the change allows insurance companies to continue offering those plans, it doesn’t require them to, and some may decide the costs are too high. Many invested countless hours and millions of dollars into understanding the law and preparing offerings to be compliant. That included administrative tasks like sending out cancellation notices and next-step letters to thousands of members.

“The logistics of doing what is suggested here are really, really complicated,” said Alex Tolbert, CEO of Bernard Health, a health insurance advisory firm. “I would not be surprised if some carriers say, ‘Thank you for the opportunity to recall all of the cancellation letters we sent, but we are not in the position to do so.’ ”

Tolbert advises that small businesses wait and see what action their insurance company takes.

“If I were a small business owner, I would bear in mind that this announcement, while newsworthy, does not mean that your old policy isn’t going to get canceled because the carriers might not find it possible to undo everything they’ve done,” he said. “I’d wait to see what the carriers are going to do.”

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Posted On November 8, 2013 Posted By: admin

A local South Florida bank is growing, and growing beyond our state lines. Our very own BankUnited is actually aiming very high. It is invading the Financial Capital of the World: New York City.

BankUnited is cruising into Brooklyn as part of its New York expansion.

The Miami Lakes-based bank (NYSE: BKU) filed an application with regulators to open a branch at 1333 60th Street, previously a location for Herald National Bank. BankUnited acquired that bank but that branch closed down, until now.

As of June 30, BankUnited had $393 million in deposits in four New York branches and $8.7 billion in deposits in 98 Florida branches, according to the Federal Deposit Insurance Corp. It opened a fifth New York branch in August.

New York has become a big lending market for BankUnited as well with Chairman, President and CEO John Kanasand his team tapping customers from his long career as a New York banker. During its third quarter earnings report, Kanas said it originated $360 million of its new commercial loans in New York and $260 million in Florida during the quarter.

It is rewarding to see one of our neighbors having such success. We wish them great fortune and to make a dent in the financial world. Go BankUnited!

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MLS Soccer Coming to Miami
Posted On November 1, 2013 Posted By: admin

MLS Soccer Coming to Miami

With the Latin American vibe existing in South Florida plus the aura surrounding David Beckham, it is primed to be a fantastic combination to bring back a top-notch MLS soccer team.

David Beckham’s Major League soccer team will be playing out of Miami.

The Bleacher Report citing the Associated Press is reporting that the international soccer icon will locate his team in Miami.

The Daily Mail had reported earlier in October that Beckham was in final negotiations to locate the team in Miami.

Beckham’s L.A. Galaxy contract prior to retirement gave him the option of buying a franchise for $25 million, a bargain compared to the $100 million the owners of the New York Yankees and Manchester City paid for the chance to put New York City FC on the field in 2015.

In May, the international soccer icon was meeting with Marcelo Claure, a billionaire who owns the Bolivar club. The Bolivian contracted with MLS Miami Bid to organize a rally in support of the venture.

Despite the strong foundation of Latin Americans in South Florida, the state has struggled and failed with other teams, specifically the Miami Fusion and Tampa Bay Mutiny. But many believe a combination of more international transplants and Beckham’s rockstar like appeal will help make the Miami franchise a success.

This team will bring an influx of entertainment and business to South Florida. If furthermore the team is competitive and wins playoffs and even Championships, then you will hear many business owners screaming “Gooooooooooollllllll!!!!!”.

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