Tampa Bay Business Journal: June 6, 2014

TAMPA - In this week's Tampa Bay Business Journal segment, editor Alexis Muellner discusses the legal problems Creative Recycling Systems is facing, why a leading economist is bullish on Tampa Bay, and the perspective he gained from his two-week road trip to the West Coast.

Creative Recycling Systems is now being sued by one of the country's largest banks. The electronics waste recycling company was once lauded for its environmental efforts and job creation in Tampa Bay.

Regents Bank is suing Creative Recycling for $18 million dollars over a loan. This week the company informed the State of Florida it was laying off 70 employees. The future of Creative Recycling may be in doubt if it cannot right it operations soon.

Anirban Basu is very bullish on the Tampa Bay area. Basy is CEO of the Sage Policy Group in Baltimore. On Tuesday he gave the featured speech at the sixth annual CREW Economic Summit in downtown Tampa.

Basu believe the Bay Area sets itself apart from the rest of Florida in terms of opportunities. Part of the reasons Basu cites as positive factors for the Tampa Bay are being close to the water, having logistics, and a better quality of life.

Alexis returned to the studio this week following a two-week vacation out west. He and his wife drove cross-county from Tampa to Portland, Oregon and back in 16 days.

He visited New Orleans, Houston, San Antonio, Big Bend National Park, Phoenix, Monterey, San Francisco, Redwood National Park, Mt. Hood, Crater Lake, Moab, Amarillo, Oklahoma City, Little Rock, Mobile, and Pensacola.

What he learned is it is most important to seize those opportunities to when you can. It is something that can be applied to the business world.

You can view photos Alexis took on his vacation on his Instagram page: instagram.com/alexismuellner .

For more information on these stories, click on the video player, go to www.youtube.com/watch?v=j4vNycA4-8w or pick up this week's Tampa Bay Business Journal available on newsstands.

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