Tallahassee, FL - Ash Williams, Executive Director and Chief Investment Officer of the Florida State Board of Administration (SBA) announced the launch of the Florida Growth Fund today. The Florida Growth Fund initiative is one result of the Florida Technology and Growth Act signed by Governor Crist in May 2008. The act allows the SBA to invest up to 1.5% of Florida Retirement System Pension Fund (FRS) assets in technology and growth enterprises that have significant presence in Florida. Technology and growth investments include, but are not limited to, space technology, aerospace and aviation engineering, computer technology, renewable energy, and medical and life sciences.
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Tampa, FL - Structured to be perpetual, never sold, American Momentum Bank is changing the way people bank in Florida. The privately-owned bank, which received its charter in 2006, has yet to stop growing. In July 2007, American Momentum Bank celebrated a branch grand opening in Naples.
The affluent community is a good target fit for American Momentum Bank. According to recent U.S. Census Bureau statistics, Florida’s annual household income is $53,504 and nearly double that — $118,416 – in Naples. While American Momentum Bank offers its services to all types of clients, it caters to high-end clientele. The state-wide banking system also plans on expanding from the company’s only Naples area location by building its regional headquarters in Pelican Bay, according to an article in Naples Daily News.