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  • Chen Moore and Associates

December 18, 2020

Peter Moore, P.E., F.ASCE, ENV SP, LEED AP

President, Chen Moore and Associates

Last week: Recently, Bloomberg reported water joined gold, oil and other commodities traded on Wall Street, highlighting worries that the life-sustaining natural resource may become scarce across more of the world. Farmers, hedge funds and municipalities alike are now able to hedge against (or bet on) future water availability in California, the biggest U.S. agriculture market and world’s fifth-largest economy. The futures are tied to the Nasdaq Veles California Water Index, which was started two years ago and measures the volume-weighted average price of water. The January 2021 contract that went live Dec. 7 had two trades. Is this in Florida’s future?

Looking ahead: When Congress passes a stimulus bill this weekend, next week or in the future, it really does need to include clarity related to the PPP Loan proceeds. As is, once the loan is forgiven, the expenses that were covered under the PPP are not allowed to be deducted from your taxes, essentially making the amount of your PPP taxable. Depending on the type of business, this could cost from 26.5% to 38% of the loan value. For engineering and related businesses, these expenses won’t go into our multiplier which will impact contracts for years. That isn’t business relief.

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  • Chen Moore and Associates

December 11, 2020

Peter Moore, P.E., F.ASCE, ENV SP, LEED AP

President, Chen Moore and Associates

Last week: “Water is the No. 1 issue that we will have to address going forward if we want to allow the state to thrive as it has” was a comment made by Florida Senate President Wilton Simpson last week to the Florida Chamber of Commerce. Cutting across all facets of our economy, the need for infrastructure helps tourism, housing, agriculture and every other industry that is key for Florida’s success. Even in this tough economy, maintaining, or even more so increasing, state and local funding for water issues is critical for short-term and long-term economic health in Florida.

Looking ahead: Per- and polyfluoroalkyl substances (PFAS) are a group of manmade chemicals that have been manufactured and used in a variety of industries around the globe, including in the United States since the 1940s. These chemicals are very persistent in the environment and in the human body – meaning they don’t break down and they can accumulate over time. There is evidence that exposure to PFAS can lead to adverse human health effects. The State of Florida Division of Waste Management has developed a plan for a coordinated approach to these chemicals and every utility around the state is reviewing for compliance to ensure Floridians’ safety.

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  • Chen Moore and Associates

November 27, 2020

Peter Moore, P.E., F.ASCE, ENV SP, LEED AP

President, Chen Moore and Associates

Last week: Seven years ago, a very hot social media trend was to find a bucket of ice water and pour it over your head, challenging someone else to do so. Hopefully you gave some money as well, but at least you were raising awareness for ALS, a devastating disease. Last week, Pat Quinn, the person who made the Ice Bucket Challenge famous, passed away. Pat was diagnosed in March of 2013, a month after his 30th birthday. Immediately after he was diagnosed, he decided he wanted to make a difference in the ALS community. RIP Pat.

Looking ahead: Statistics tell us there are currently more than a million job vacancies in STEM (science, technology, engineering, mathematics) industries, while at the same time only 16% of college students graduate in STEM fields or subjects. Demand for STEM jobs increased three times from 2000 to 2010 and that rate continues to increase. This coming Friday night, I’ll be participating in a virtual open house for Blanche Ely High School’s Engineering Magnet Program. As a graduate of this program, I can tell you firsthand that it has been changing lives since 1977. Check it out Friday. Go Tigers!

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