MidFlorida Credit Union’s pending merger and acquisition deals with two banks allows the Lakeland-based institution to spread its footprint into fast-growing portions of Northeast and Southwest Florida, the Business Observer reports. The credit union’s first bank purchases also signal a new growth strategy of becoming a non-bank bank, the weekly newspaper reports.
Home Depot is planning an 800,000-square-foot distribution center just west of County Line Road. The city of Plant City is offering a seven-year exemption from property taxes for the facility at Wiggins and Rice Roads that is expected to employ 150 initially and possibly up to 350 eventually. “This is a win for all of Tampa Bay,” Mayor Rick Lott told Fox 13 News. “I truly believe what we do in Plant City helps Lakeland. What Lakeland does helps Plant City and so forth throughout Hillsborough County.”
ALSO: Tampa Bay Business Journal
With the upgrades Lakeland Linder International Airport will make to accommodate Amazon’s planned jet cargo center, the instrument landing system will be among the best 30 to 35 in the country, Gene Conrad, airport director, said. More
It looks like nearly $4.7 million of the city of Lakeland’s costs for airport improvements needed for the planned Amazon cargo facility will be covered by a state jobs-creation grant. The grant was initially awarded for a large maintenance hangar, but the state is allowing the city to redirect it to Amazon-related upgrades. | Documentation
The Ledger continues reducing the size of its news operation, laying off five newsroom employees, including two of the three top editors, according to multiple sources; they said the move was a part of nationwide newsroom layoffs from parent company GateHouse Media. More