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Jacksonville Business Journal
Among small businesses, there's a huge divide on finances
The smallest businesses are the ones most likely to be struggling, as larger small businesses report better conditions.<\p> The latest data from the Federal Reserve’s Small Business Credit Survey — released earlier this year but since followed up with a more detailed breakdown by size and demographics — shows how, even within the realm of small businesses, there is wide variation.<\p>
Irish gastropub in Murray Hill closes
Following the closure of El Jefe Tex-Mex earlier this year and the departure of Vagabond Coffee Roasters in December, another long-standing restaurant in Murray Hill is closing its doors.<\p> The Stout Snug has ended its seven-year run in the neighborhood, with the Irish pub at the south end of the Murray Hill commercial serving its final pints of Guinness on Sunday.<\p>
Berkman II property up for auction a third time
After a failed bankruptcy case and then a discrepancy with public notice requirements, the riverfront downtown site of the imploded Berkman II tower is set for auction for a third time.<\p> The site where the half-built Berkman II tower sat for years before being imploded two years ago was slated to go to auction May 25 after a court-ordered foreclosure, but a bankruptcy filing from owner PB Riverfront Revitalization of Jacksonville LLC halted the proceedings. It was rescheduled for June 17, but issues with the public notice statutory requirements for action halted it again.<\p>
MOSH hits $40 million fundraising goal
The Museum of Science and History surpassed its fundraising requirement of $40 million, allowing the museum to focus on its future at the Shipyards. <\p> MOSH is gearing up to make the move to the Shipyards near the Four Seasons hotel and Jaguars office building, which are currently under construction. As part of its development agreement with the city, the museum was required to raise $40 million by June 30, which it did. <\p>
City OKs Phoenix Arts and Innovation District incentives
The city approved incentives to aid a developer in its efforts to transform dilapidated warehouses into what it hopes will be a vibrant arts district near downtown Jacksonville.<\p> City Council voted to grant Future of Cities $5.5 million in incentives for construction of the Phoenix Arts and Innovation District in northern Springfield. The city will provide a tax rebate with a cap of $1.5 million and two completion grants totaling $4 million. It also approved rezoning to allow for commercial and multifamily uses.<\p>
Trucking facility planned in Northwest Jacksonville
Construction of an 8,000-square-foot maintenance building with tractor trailer parking and storage is planned in Northwest Jacksonville, according to documents with the St. Johns Water Management District.<\p> The project is called Edgewood Service Facility and is located off Edgewood Avenue North and borders Loree Street and Rio Grande Avenue.<\p>
Riverside ice cream and coffee shop gets permit for build-out
Screaming Cat Ice Cream earned a permit to build out a coffee and dessert cafe in the corner slot of the Whiteway Building at 2700 Park St.<\p> Owners Isaac and Elenis Camargo hired Jacksonville-based Alta Land and Contract Inc. to build out the 1,150-square-foot interior of the space. <\p>
Small-business grants you can apply for this month
Small-business owners might be more confident about their future, but they are still worried about inflation.<\p> That’s the big takeaway from the U.S. Chamber of Commerce's Small Business Index, conducted in partnership with MetLife, which hit the highest level of optimism since early 2020, with about 73% of business owners expecting their revenue to grow in the next year. <\p>
Mayo Clinic $12 million build-out tops week's permits
Approximately $87.58 million of work was approved across 818 permits for the seven-day period ending July 1. Removing 712 permits for single-family homes, townhouses, duplexes, mobile homes and condominiums leaves 106 permits totaling $48.15 million.<\p> Among the top permits for the period are:<\p>
Local developer purchases One Ocean Resort and Spa
A local developer has purchased One Ocean Resort and Spa in Atlantic Beach, with the sale helping bring a Colorado-based hospitality group to Jacksonville.<\p> Corner Lot Development Group purchased the hotel at 1 Ocean Blvd. in Atlantic Beach on June 27 for $48.62 million through ACS One Ocean Propco LLC, which is associated with Sage Hospitality Group. <\p>
Choice of St. Augustine as site for Black history museum affirmed
In a vote of overwhelming support, the Florida Museum of Black History Task Force affirmed its support of St. Augustine as the site for the to-be-constructed museum.<\p> On Friday, the task force voted 6-1 to formally transmit the recommendation to the governor and the legislature. <\p>
Two spec warehouses planned near Jacksonville International Airport
Two spec warehouses are planned for construction near the Jacksonville International Airport.<\p> The project is called JAX Airport Industrial Park and located on 14825 International Airport Blvd.<\p>
Supreme Court decision marks 'seismic shift' on federal rules
Federal agency rules that target businesses and the workplace have been dealt a blow by the latest Supreme Court decision.<\p> The case, Loper Bright Enterprises v. Secretary of Commerce, was specifically focused on fees in a rule by the National Marine Fisheries Service, but ultimately targeted the four-decade framework for federal agency rulemaking known as Chevron — named after a previous Supreme Court case. <\p>
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