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My Florida C F O
Weekly eNewsletter from Florida's Chief Financial Officer

Dear Fellow Floridian:Florida's Bottom Line

Our state is home to more than 2.2 million small businesses that employ roughly four out of five Floridians.

This quarter, Florida’s Bottom Line focuses on Florida’s small business community and how we can provide a stable economic environment so that we can continue to help businesses flourish and expand. Standing behind our small business community is crucial to our recovery. These heroes of Florida give me confidence that our future is bright.

This issue will provide you with the most up-to-date financial and economic statistics for Florida, serving as a roadmap for your financial future. I hope you find this edition interesting and informative.

Read Florida's Bottom Line.

Jeff Atwater
Jeff Atwater
Chief Financial Officer
State of Florida

Workers' Comp Fraud Arrests in 'Operation Dirty Money'

CFO Jeff Atwater and Broward Sheriff Al Lamberti at a press conference today at the Broward Sheriff’s Office announced Fraud press conferencemultiple arrests in “Operation Dirty Money,” an investigation conducted by the recently formed Workers’ Compensation Fraud Task Force, which has to date netted more than $140 million in fraudulent transactions associated with 12 shell companies. The task force, created jointly by the Florida Department of Financial Services’ Division of Insurance Fraud and the Broward Sheriff’s Office, charged eight individuals with workers’ compensation fraud and money laundering for their involvement in a large-scale check cashing scheme to evade the cost of workers’ compensation coverage. Read more.

Forum Features Tony DiBenedetto

Partnering with The Jim Moran Institute to host the 2012 Small Business Leadership Forum in Tampa on Sept. 6-7, 2012, it is CFO Atwater's goal to connect business owners 2012 Small Business Leadership Forum, Jim Moran Institute, Tony DiBenedettowith the right tools and information to help them succeed. It is vital that small businesses continue to grow and prosper in Florida. Along with providing resources to businesses, the forum is an opportunity to hear directly from Florida’s small-business community with the goal of bringing feedback to Tallahassee to improve our state’s business climate.

One session, "Dashboard Management," will introduce the fundamentals of supply chain management for small businesses, with a particular focus on cost control and supplier management. The session will be presented by Tony DiBenedetto, a Florida businessman of many talents.

Winner of the Ernst & Young 2009 Florida Entrepreneur Of The Year® Award in Technology, DiBenedetto, chairman and CEO of Tribridge, has dedicated his career to the areas of business innovation, customer advocacy and servant leadership. DiBenedetto co-founded Tribridge in 1998 and has led the firm through the successful merger, acquisition and integration of seven companies, resulting in a compound annual growth rate of over 50 percent each year. Under his guidance, Tribridge has grown from a start-up company to one of the leading IT service providers in the United States. For the third time in five years, Tribridge was selected from among thousands of partners around the world as the 2012 Worldwide Microsoft Dynamics Partner of the Year.

To find out more information about the forum, including the complete list of panelists and how to register, visit www.flsmallbusinessforum.com.

News of Interest

Florida Trend: Florida's Best Companies to Work For – 2012

Orlando Sentinel: Florida breaks top 10 in venture capital deals in 2nd quarter

Miami Herald: Florida Keys’ booming tourism leads to low unemployment

Florida Realtors: Fla.’s housing market continues positive trends in June 2012