Monday, June 18, 2018
Business

Wal-Mart pushes 'made in the USA' at manufacturing summit

ORLANDO — Wal-Mart Stores Inc. spearheaded an effort Thursday to bring together retailers, suppliers and government officials to figure out how to bring more manufacturing jobs to the United States.

The world's largest retailer hosted its first two-day U.S. Manufacturing Summit in Orlando, hoping to capitalize on the company's recent commitment to drive more manufacturing in the United States. The "made in the USA" campaign could boost Wal-Mart's image, which is constantly under attack by labor-backed groups who have criticized the retail behemoth as a destroyer of U.S. jobs rather than a creator.

The summit comes seven months after the discounter pledged that it planned to buy $50 billion more U.S.-made goods over the next decade.

At the summit, Jeff Immelt, chairman and CEO of General Electric, announced GE would be bringing 150 manufacturing jobs to plants in Illinois and Ohio where high-efficient lighting will be built. The $30 million investment will be at plants in Circleville, Ohio; Bucyrus, Ohio; and Mattoon, Ill.

"We wanted to be a part of this," Immelt said.

"It's a very positive PR move for the company," said Burt Flickinger III, president of retail consultancy Strategic Resource Group. "But it took two decades to unwind the American manufacturing base and it will take two decades to bring it back."

Comments
Private Florida firm buys Rent-A-Center in $1 billion deal

Private Florida firm buys Rent-A-Center in $1 billion deal

An Orlando private equity firm has purchased lease-to-own business Rent-A-Center in a deal valued at more than $1 billion.Vintage Capital Management put a bid in for the company on Friday: $15 per share, $1 per share above its previous offer. Rent-A-...
Updated: 4 hours ago
Report: 40 percent of Florida property will be ‘highly exposed’ to flooding

Report: 40 percent of Florida property will be ‘highly exposed’ to flooding

One of Florida’s biggest draws is also one if its biggest liabilities — its coastline. A new report projects that Florida is at the greatest risk of any state for tidal flooding caused by rising sea levels. And Tampa Bay faces some of the greatest ri...
Updated: 4 hours ago
Mazzaro’s gets ready to reopen

Mazzaro’s gets ready to reopen

day after an electrical fire broke out in its dry goods warehouse Friday night.Dominic Horwath, a grocery manager at Mazzaro’s on 22nd Ave. N, said staffers spent Monday and the weekend moving things into other warehouses.The damage from the fire at ...
Updated: 6 hours ago
Mazzaro’s market set to reopen Tuesday after blaze damaged one of its warehouses

Mazzaro’s market set to reopen Tuesday after blaze damaged one of its warehouses

ST. PETERSBURG — Mazzaro’s Italian Market is scheduled to reopen Tuesday after an electrical fire broke out its dry goods warehouse Friday night.Dominic Horwath, a grocery manager at Mazzaro’s on 22nd Avenue N said staff spent Monday and the weekend...
Updated: 8 hours ago
Developer Grady Pridgen buys St. Pete’s shuttered Edward White Hospital

Developer Grady Pridgen buys St. Pete’s shuttered Edward White Hospital

ST. PETERSBURG — Edward White Hospital, closed four years ago because of declining revenues, has been sold to developer Grady Pridgen for $2.7 million.Pridgen could not be reached Monday for comment. City officials said he has submitted plans for rem...
Updated: 11 hours ago

Hernando Business Digest for June 22

Business digestBrieflyHOSPITAL RECEIVES AWARD: Oak Hill Hospital in Spring Hill was the recipient of Healthgrades 2018 Patient Safety Excellence Award, a designation that recognizes superior performance of hospitals that have prevented the occurrence...
Published: 06/18/18
Pasco Business Digest for June 22

Pasco Business Digest for June 22

Business digestBrieflyHOSPITALS RECEIVE AWARD: Regional Medical Center Bayonet Point and Medical Center of Trinity were recipients of Healthgrades 2018 Patient Safety Excellence Award, a designation that recognizes superior performance of hospitals t...
Published: 06/18/18
Tampa Bay gas prices keep falling

Tampa Bay gas prices keep falling

The summer reprieve in gas prices is continuing.After flirting near the $3 mark, Tampa Bay gas prices fell another six cents a gallon over the past week to an average of $2.65 for unleaded, a wide gap with the national average of $2.91 a gallon, acco...
Published: 06/18/18
Your barista is a robot. Should it be friendly?

Your barista is a robot. Should it be friendly?

SAN FRANCISCO - The cold, steely arm of Fernando the Barista swirled the foam of my matcha latte, set it down gently, and waved goodbye from inside a glass case. San Francisco, 2018. Where you can get robot pizza and robot salad, and now, a robot mat...
Published: 06/16/18
Riverview’s commercial real estate prices rise as community booms

Riverview’s commercial real estate prices rise as community booms

RIVERVIEW — The basic economic principle of supply and demand defines Riverview’s current struggle with commercial real estate.With a lack of available affordable commercial properties and a booming population, demand currently exceeds supply in Rive...
Published: 06/15/18
Updated: 06/18/18