Written by Miami Today on June 28, 2012
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CREDIT RATING: Miami-Dade County has received an improved credit outlook from Standard & Poor’s Financial Services, changing the previous outlook from negative to stable on general obligation and non-ad valorem backed debt. According to the report, the improved rating is attributed to the county’s improved financial position over the past two years, during which the county reduced departments from 44 to 25 and cut more than 1,600 positions. "We’re very pleased that our efforts to control government spending have been well received by such a distinguished credit rating group as S&P," said Mayor Carlos Gimenez in a formal statement. "We will continue to cut costs, control the size of government, and maintain "best management practices.’ This improved outlook will ultimately result in lower borrowing costs to the county, and will have a positive long-term effect on our ability to provide effective and efficient services to our residents."
BANKING ON HER: Miami-based Florida International Bankers Association, or FIBA, has elected its new board to be headed by President-elect Grisel Vega, who will serve during fiscal 2012-13 after serving as first vice president for the past fiscal year. She has been general manager of the Miami branch of Banco de Credito e Inversiones since 2006. She started with the bank in 1999 as first vice president and controller. She has a bachelor’s degree from the University of Miami, received in 1983. "Today FIBA is made up of 70 banking members and close to 50 supporting members from 18 countries, making our organization the driving force in the international banking industry," Mrs. Vega said in a statement. "Our goal is to support our industry in a global business world and provide financial professionals with best practices so we all operate on the highest standard of safety and professionalism."
MANUFACTURER GOES RETAIL: Clinical product manufacturer Vivant Skin Care has moved to Miami Lakes and started serving the direct-to-retail market, the company said this week. The transition from a locale in Medley allows the family-owned company to integrate its corporate office, developmental laboratory, warehouse, fulfillment services and an education center. "We are proud and excited to have joined the Miami Lakes business community," CEO Kelly Kendrick said in a statement. "The timing was just right for us to expand our wholesale capacity, establish our retail arm and build a beautiful new center to better train our clients and representatives." The new facility at 5753 NW 158th St. is double the size of the previous Medley site.