Tampa Bay Business Journal: April 18, 2014

TAMPA - In this week's Tampa Bay Business Journal segment, editor Alexis Muellner discusses how small businesses are benefit from Tampa hosting the International Indian Film Academy Awards, the way Port Tampa Bay is preparing for a cyber-threat, and shows a sneak peak of new boutique hotel Aloft Tampa.

Tampa will host the International Indian Film Academy Awards next week. The IIFAs are also known as the Bollywood Oscars.

The awards are expected to pump a lot of money into the local economy with thousands of visitors needing hotel rooms, transportation and places to eat.

The IIFAs are also helping the local entrepreneurs develop more conversations about Indian culture, from Indian food to Bollywood cinema to growing their businesses.

One entity helping South Asian Americans is the Indo-US Chamber of Commerce , which is headquartered in Tampa. Members help by exchanging ideas and inspiring one another to create professional and successful businesses.

Port Tampa Bay is now protecting itself against cyber-attacks.

For the first time the Port is buying a $12,442 cyber liability insurance policy from Illinois Union Insurance Company.

Port officials understand cyber threats are increasing. The policy will protect them from credit card fraud and the forensics cost of investigating cyber-attacks.

Alexis recently got the opportunity to tour Aloft Tampa, a new hotel from the Liberty Group. It is currently under construction and set to open in early July.

The $20 million project is transforming the former Mercantile Bank building at Kennedy Boulevard and Ashley Drive in downtown Tampa in a stylish, boutique hotel. Alexis posted a number of photos from his tour on the Business Journal website .

Aloft is one of two boutique hotels preparing to open in Tampa. While it is uncertain if there are enough customers to fill the extra hotel rooms in the downtown corridor, the developers believe the numbers make sense for the project to be a success.

For more information on these stories, click on the video player, go to www.youtube.com/watch?v=c-Rvg-CTMYA or pick up this week's Tampa Bay Business Journal available on newsstands.

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