- Economic trend: Florida unemployment rate for December holds steady at 3.3 percent
- I believe that an opportunity might exist here because there is factual evidence citing the unemployment rate in Florida, which is much lower than the nationwide unemployment rate of almost 4%. The number of jobs in many sectors, such as education, business, health, and construction have seen massive growth throughout 2018, creating job gains in Florida.
- The prototypical customer are those who are out of work somewhere in Florida or possibly throughout the nation that are looking for jobs. Since Florida has a lower unemployment rate than the nationwide rate, individuals may find more success getting hired here rather than other places.
- I do not think exploiting this opportunity would be difficult because labor employment opportunities exist in many sectors, as mentioned above, so individuals with a range of specialties can find employment.
- I saw this opportunity because I am interested in the state of the job market currently as I am going to be graduating soon and am concerned about entering the job market.
- Economic trend: Raising the minimum wage
- I believe there is an opportunity here because there is current discussion about raising the minimum wage, in addition to economic studies of its potential repercussions.
- The customer with this opportunity to make more money would be current minimum wage salaried employees, while businesses everywhere would be those suffering from repercussions of this if it is made law.
- I think this opportunity will be difficult to exploit because there are many potentially harmful impacts on the economy and arguments against it.
- I saw this opportunity because I have been interested in the argument against/for raising the minimum wage and wanted to educate myself more about it.
- Regulatory changes: State funding for the arts
- I believe there is an opportunity here because there was a cite studied by the nonprofit Americans for the Arts that showed legislators that for every dollar in funding that was granted by the state of Florida for arts-related activities, there was a nine dollar boost in the economy.
- The customer with this opportunity is artists, who can be employed by the state of Florida to create pieces for the state.
- I think this opportunity will be difficult to exploit because Florida current sits at number forty-eight for per-capita government funding.
- I saw this opportunity because obtaining funds for the arts is a controversial topic right now, as demands for STEM majors are on the rise.
- Regulatory changes: Allow marijuana-associated businesses to be clients of Florida financial institutions
- I believe there is an opportunity here because Democratic Agriculture Commissioner candidate Nikki Fried and other cabinet members support changes in the regulations of federal banks to be associated with the marijuana industry.
- The customers with this opportunity are the federal government and marijuana businesses.
- I think this opportunity would be easy to exploit given the rising popularity and legalization of marijuana.
- I saw this opportunity because I am a supporter of the legalization of marijuana and wanted to learn more about the federal government's next steps in assimilating this business into society.
Friday, January 25, 2019
Opportunity Identification in Economic & Regulatory Trends
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