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Immokalee Foundation chosen as Microsoft Fellow
COMMERCIAL REAL ESTATE MAR The Immokalee Foundation has been selected by Microsoft as a continuing Fellow as part of its TechSpark program aimed at bridging the gap between youth education and digital skills needed for success in the modern workforce. Students in the rural migrant community of Immokalee have limited access to resources that prepare them for the continual digital transformation across industries. The Immokalee Foundation, nationally recognized for its Career Pathways youth education and professional development initiative, will be supported by a Microsoft grant as a TechSpark Community Engagement Fellow, working together to support education. Microsoft recently announced the second cohort of the TechSpark Community Engagement Fellowship, which supports nonprofit organizations across the country working to expand economic opportunities in their communities.
A look at commercial real estate trends & topics in Southwest
Commercial Real Estate
SWFBT’s annual edition is a comprehensive overview of the SWFL market’s plans, projects and partnerships, as SWFL moves forward through recovery from the 2024 storm season.
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The 38th annual international Edison Awards which honors innovation and innovators who create positive impact in the world will be held April 2-3, 2025, in Fort Myers. For more information, visit www.edisonawards.com. INSIDE THIS
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Brady Photos by Christine trade to the Southof international offices. about the importance Buqueras talks Lee County Economic Development Director Carlos the first-ever stop at Port Manatee Executive during the Port’s west Florida market
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Fort businesses visit
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Florida to communities in second one of four host as part of the Lee County was from seven countries welcome companiesTrade Summit. Manatee, annual International International Trade Hub at Port Fort Lauseries visited Organized by The Business opportunityta and Tampa for one day the 2019 Global Bradenton/Saraso derdale, Fort Myers,to 29. 26 Office, Southwest each from Aug. ReEconomic Development and the Southwest The Lee County Chamber of Commerce the event, which Florida Hispanic Association co-hosted gional Manufacturers Gulf Railway. Chile, Colombia, was sponsored Seminole from Argentina, Peru and other locales International companies Mexico, Spain, goods, apparel, artisanal El Salvador, Guatemala, systems food, coffee, fruits, cooking featured wine, snack and state-of-the-art to merchandise companies Lee County industryof founded as part summit showcases Port Manatee, during the summit. and An expo-style from seven nations Trade Hub at markets in Florida and business leaders visiting Summit. The International International Trade advice as a vital link between provides expert See page 6 the second annual in 2014, serves world. The hub TRADE throughout the
to
Dave Gammon elevated Charlotte EDO director
in the wake of Charlotte County, joinLucienne Pears former director Partners at Babcock ing Kitson and former Business Ranch, elevated and interim Recruitment Supervisor to executive director Dave Gammon Economic Developdirector of the ment Office. face in reGammon is a familiar he development as gional economic three years with his has proven in EDO. Charlotte County continue leading He is excited to like developments several existing page 19
ENEURS
SALUTE TO ENTREPR for growthand Intermediary ss Advisors poised Proa Certified Business Mergers & Acquisitions transaction experiEdison Busine the IBBA ap- Certified designations from ence totaling partner and
GAMMON See
Privacy & Cyber Security Forum announced
& Cyber SeA special Privacy held on Friwill be at curity Forum 9 a.m. to noon day, Nov. 8, fromNews Community the Naples Daily room. Companies will William C. Huff and insponsor the informational for the community. teractive forum forum is for atThe goal of the clearer undera tendees to gain keep their famito standing of how businesses private. lies, wealth and FORUM See page
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in fi$170 fessional a Eric Gall, managing with a concentration proximately for Edison Avenue, won and an MBAthe University of Michigan. broker of record brokerage and lower million. Gall transactions and nance from leading business Gall in business the 2018, 2016 and acquisitions Niehaus, Bro- Assisting middle market mergers Pfeffer, Steven 2014 Business significant changes No. 1 are Michael and Phillip Reda. Adfirm, is announcing kers of Florida Edward Valaitis Business to operations. Top Dollar Producer to rebrand itself Pfeffer joins Edison of business The firm has decided over 20 years Award for Southwest Advisors” to better out visors with experience, including 12 as “Edison Business service offerings, Florida, beating busi- transactionbusiness brokerage franchise communicate addedbusiness appraisals, Gall a over 90 other He is years as Southwest Florida. Pfeffer is a including certified appraisals and certiness brokers. in Brokers owner Intermediary, Certified certified equipment International Business 6 and Board Certified fied exit strategies. mergers and acquisi- also an EDISON See page Chairman’s Circle Brokerage and led by Association Award winner. Eric holds continue to be tions efforts will 20 years of business Deal Maker Gall. He has over OPENING
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Hoffmann Family buys Hertz Arena, Everblades
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The Hoffmann Family of Companies has entered into an agreement to purchase the Florida Everblades and the Hertz Arena. Plans are underway for a complete renovation of the 8,284-seat, multipurpose arena. The improvements will include enhanced skyboxes, food services and installation of a state-ofthe-art scoreboard. Hertz Arena, which opened in 1998 as Everblades Arena, hosts a variety of events including concerts, Cirque du Soleil, Disney on Ice, boxing and trade shows. The venue offers
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25 suites, two additional ice rinks, a private club and a pub, Breakaway Sports Pub. The arena is also home to the Florida Gulf Coast University Eagles club hockey team of the American Collegiate Hockey Association. “We are optimistic that all of the 330 employees will remain with the Hoffmann Family of Companies,” said Craig Brush, Florida Everblades President and General Manager, who signed a five-year contract and has a commitment from all his senior staff to remain in place. “We are thrilled to be acquired by
A specially focused monthly section exploring the SWFL commercial real estate marketplace.
IN THE NEWS
Fort Myers sixth Business Summit slated for Sept. 20
Holly Bell addresses citrus growers about the 25,000-plus uses for industrial hemp, which can now be grown legally in Florida
Cannabis chief promises rich stash for hemp growers Special to SWFBT Submitted By: Jacob Ogles, Editor
SUMMIT See page 7
When other states started authorizing farmers to grow hemp, it didn’t take long to realize there was no place to sell it. Because no structures had been put in place for processing and manufacturing plants, state officials found themselves rushing a regulatory structure through so farmers could offload their first harvests. Holly Bell, Florida’s first Director of Cannabis, plans to learn from that mistake. She said the Department of Agriculture and Consumer Services will make sure all parts of the burgeoning hemp industry can move forward as soon as new rules unroll later this fall. “When our farmers are ready for a cash flow, we want to encourage them to get going,” she said.
Applications being accepted for the 25th Blue Chip Award The 25th Annual Southwest Florida Blue Chip Community Business Award application deadline is fast approaching. The Blue Chip Community Business Award recognizes successful, small businesses in Lee, Collier or Charlotte County that have overcome adversity to achieve success. Applications must be submitted by Wednesday, Sept. 4. The independent judges select the honoree after all the applications AWARD See page 19
Bell spoke in August at the Citrus Expo and Vegetable and Specialty Crop Expo, where growers from around the region gathered to hear her discuss this new and just recently legal product to diversify their inventory. Just a few years ago, there were no legal reasons to grow cannabis in Florida. Now, medical marijuana dispensaries pop up in more shopping centers each week. Soon, farmers will grow non-narcotic hemp crops. With the 2018 federal farm bill allowing hemp to grow, a budding industry will soon emerge in Florida. The Legislature this year authorized a pilot program for growing hemp in the Sunshine State, and state officials are nearly done weeding through a stack of public suggestions.
GrowFL announced this year’s 50 Florida Companies to Watch honorees, including three from Southwest Florida. Companies to Watch is a statewide competition that identifies companies expected to see significant growth over the next several years. The GrowFL Florida Companies to Watch awards program—now in its ninth year—honors 50 select second-stage companies from throughout Florida for developing valuable products and services, creating quality jobs, enriching communities, and broadening new industries throughout Florida. Chosen from 500 growing second-stage nominations from throughout, Florida, the 50 companies named as the 2019 Florida Companies to Watch honorees generated nearly $1 billion in revenue and added over 900 jobs between 2015 and 2018. Together, the honorees project a 35 percent increase in revenue and 37 percent increase in job growth in 2019 compared to 2018. “These stand-out companies are all led by entrepreneurs, and have demonstrated their capacity and intent to grow,” said Dr. Tom O’Neal, GrowFL executive director. “They also all have critical intellectual property or a niche position that gives them a competitive edge in their markets,” he said. Local honorees include: Cottrell Title & Escrow, Collier County; Mettauer Environmental, Lee County; and VeraData, Lee County . “This list recognizes second-stage Florida companies with passionate leaders who are making a difference in growing and diversifying our economy,” said Jennifer Barrows, GrowFL Chairman of the GrowFL Advisory Board and Business Development Executive with WithumSmith+Brown, PC. Second-stage companies are those
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The Greater Fort Myers Chamber of Commerce has announced an exciting line-up for its 2019 Business Summit, set for Sept. 20. The summit, now in its sixth year, will run from 8 a.m. to 3 p.m. at the Sanibel Harbour Marriott Resort & Spa in Fort Myers. This year’s keynote address is “Communicate Your Way to Success,” by entrepreneur, business coach and international speaker Jason Evers. Evers has traveled to more than 20 countries on five continents
such a prestigious company. Our partnership with the Hertz Corporation and now this new ownership ensures that Hertz Arena will maintain our strong community presence and continue to be the number one choice for entertainment in Southwest Florida.” The team and the arena were previously owned by Peter Karmanos, founder of Compuware Corporation and prior majority owner of the Carolina Hurricanes in the National Hockey League. “Simply put, without the support of
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Estate A specially section exploringfocused monthly mercial real estate the SWFL commarketplace. IN THE NEWS Collier names Pelican as ‘Business of the Wire Month’
During the July ty Commission 9 Collier CounWire was named meeting, Pelican ty ‘Business of the Collier Counthe Month’ and recognized by was the a manufacturing Board for being County for over leader in Collier 40 years. Pelican Wire President Ted Bill, who received the are truly honored award, said “We Collier County to be named the Month’ for July.‘Business of the Since moving AWARD See page
Gov. DeSantis announces job growth grants
4
Gov. Ron DeSantis the Florida Departmentannounced of Economic Opportunity Florida are acceptingand Enterprise economic development project proposals for the Florida Job Growth Grant Fund. $40 million is available to fund training and public job projects that support infrastructure growth and employment in Florida. “We know the frastructure projects importance inand workforce training has on economic development,” said DeSantis. “The Florida Job Growth Grant Fund will help Florida communities ensure they GRANTS See page
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Dr. Sandra Kauanui (left) and Noemi Ailynee Ramirez, Y. Perez (right) Jessica Sales, with - TIF Shark Daisy Montanez, Tank winners
Alondra Estrada Swap & Shop teamNeika Exulus, Young entrep reneurs share ideas, earn award s
Special to SWFBT Submitted By: Noemi Y. Perez Southwest Florida tion’s business-themedstudents in The Immokalee Foundasummer camp entrepreneurial recently shared ideas their Tank event modeled and garnered awards during a Shark The four-week after the popular TV show. was a partnership Business Management Pathway Coast University’sbetween the foundation and Floridacamp Gulf developed businessInstitute for Entrepreneurshi p. among them: finding plans that solved problems Students common clothes on a budget; centric finances; handling ñera; and findinggetting better sleep; planning studenta quincearestaurants suitable stricted diets. for people with reStudent teams gave ences, startup costs, presentations about their target audiprojected profits, other aspects of marketing plans entrepreneurial and Dr. Sandra Kauanui, FGCU enterprises at iTECH mokalee. Judges Director of Entrepreneursh for in Im- spoke during the event. Smart Companies the presentations were: Brian ip, Rist, The Smart Companies executive chairman; Sofia Blanno, gram allows shoppers to arrange tor of corporate intern; and Matthew Turner, Hertz The through social an app, then physically to buy, sell or swap items direcFirst place awards responsibility. central location exchange those in Immokalee. items at a Shop team of Neika of $500 each went to the MentorUs, an Swap & Exulus, Jessica app that Daisy Montanez Sales, Alondra and Ailynee Ramirez. Estrada, smart financial decisions, encourages students to make interested in dressing earned second place Aimed at students for team members of $250 each fashionably on Alex Soriano, a budget, the pro- ie Etienne, Azael Simon-Quirino Je’an Espinoza, Myrlandand Simson Devesaint.
Fort Myers Mayor
Special to SWFBT Submitted By: Karen P. Moore,
launches Divers ity Committee
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more inclusive city. Publisher Student Hailey Countryman asked her employer, Sanibel Captiva “It is never too the Mayor if he munity Bank, Comlate to give up had to FGCU’s College on diversity whom a team of advisors Education. your prejudices.” of Henry David Thoreau for guidance. Since he could rely on said, “We In a recent interview she can’t really say question was no, the answer to that ing to be representative we are tryat that moment Fort Myers Mayor derson felt Henof our city’s derson has known Randy Hen- a team. inspired to create just such residents and community if we have diversity Ndiang’ui wanted Florida Gulf Coast University on the council don’t to make She sure the Mayor itself.” explained was prepared for ter Ndiang’ui for professor Dr. Pe- road ahead the its 18 membersthe committee drew about 10 years and asked him, was a guest speaker and from the commu“Are in his class, “In- really able to handle the truth?” you nity, representing troduction to Diversity,” diversity project moved The ethnicity, forward. in Novemgender and sexualin race, ber. Henderson Beth Countryman, asked students Hailey’s moth- tity. “We can’t be a committee idenhe could do to what er, became make Fort Myers up of old white made involved with men and think the project, going a which led to we are a $25,000 donation to be in charge of diversity.” from DIVERSITY See page 11 Payment Plans Available • Discounted Merchandise Parking Options Discount • Presale • Private Parties & Exclusive Gifts on Hertz Arena Concerts & Family Shows Buy Any 19/20 & Get A $20 Membership Pack FORD’S GIFT & ‘BLADES TOTE CARD BAG Valid on any NEW full, voucher
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Middle School students attend TechSpark Immokalee. The program has been selected as a Fellow by Microsoft for preparing students for the modern workforce.
SWFL Enterprise Center hosts appreciation luncheon
To demonstrate gratitude for the support, collaboration, and contributions made in 2024, the Southwest Florida Enterprise Center recently hosted a thank you luncheon for its various clients and supporters. Located in the City of Fort Myers, the SWFEC is Southwest Florida’s only true business incubator, intended to help small and often disadvantaged or minority business owners get started and supply a “home” for their businesses at very reasonable lease rates for up to two years, either virtually or via physical office space or light industrial facilities. Incubator business owners have the opportunity to take advantage of various networking and educational events held at the Center throughout the year. In 2024 these included roundtable discussions, workshops, enterprise development and mentorship programs, and other business events.
IN THE NEWS 3MG Solutions secures investment from Bayview Asset Management growth fund 3MG Solutions, a provider of residential and commercial roofing services across Florida, secured an investment from a fund managed by Bayview Asset Management to drive growth in residential and commercial roofing. The founding team is also retaining a significant rollover interest and remains dedicated to scaling the business to the next level. Headquartered in Winter Park, 3MG Solutions offers a comprehensive suite of roofing
Above: Executive Director Steve Weathers (left) and Fort Myers City Manager Marty Lawing discuss opportunities for entrepreneurs at the SWFEC. Left: SWFEC Program Coordinator Maamideede Hudson listens as tenant David Stewart, of GatorCo, shares how the SWFEC has helped his business grow.
BUSINESS UPDATES
services. With this investment, 3MG is positioned to enhance its regional footprint and accelerate expansion across the U.S. “We wanted to completely reimagine one of the most important industries in Florida by adding a level of professionalism, sophistication, and modernization to this traditionally blue-collar industry,” said 3MG founder and CEO Kyle Matheny. “This investment in 3MG is powerful validation of our unique approach, and we are incredibly excited about how this investment strengthens our plans to become a national roofing company.”
Updated overtime rules
The Department of Labor issued its final rule on exempt workers. The rule increases salary thresholds for employees who can be considered exempt from overtime. Learn what the amounts are and other information from the rule. If employees work more than 40 hours in a workweek (over 8 hours in a day in some states), they earned overtime of at least 1.5 times their hourly rate of pay (HRP). Do you know all types of payments that carry an overtime premium? Check with your accountant.
Hurricane assistance updates
For the most current hurricane recovery news and information, updated throughout the business day, go to SWFBT’s Storm Impact Business Bulletin at swfloridabusinesstoday. com/storm-impact-business-bulletin.
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COMMERCIAL REAL ESTATE
Charlotte Technical College breaks ground on new aviation training facility Charlotte Technical College, in partnership with the Charlotte County Airport Authority, Stellar Development and key community stakeholders, celebrated a monumental milestone with the groundbreaking of its Aviation Training Facility on Dec. 11. This state-of-the-art facility is a pivotal step in bolstering aviation workforce development in Charlotte County and beyond. Situated near the PGD Air Center within the Aviation Expansion Area, the facility will provide comprehensive hands-on training in aviation maintenance technology, preparing students for careers as certified aviation maintenance general technicians and aviation power plant maintenance technicians. The 19,420-square-foot building will feature a 10,000-squarefoot hangar, classrooms, labs and modern amenities, supported by $5.75 million in state funding secured during the 2022 to 2024 legislative sessions. “This facility is a testament to the power of partnerships and shared
vision,” said Cindy Gulsby, Charlotte Technical College director. “By working with the Airport Authority, Charlotte County Public Schools and local businesses, we’re creating unique opportunities for students to gain expertise with industry-standard equipment and instruction.” The aviation program was first launched in 2018 through a $1.7-million grant from the Florida Job Growth Grant Fund. Its success has been a collaborative effort between the Charlotte County Commission, the Airport Authority and the Charlotte County School Board. “What began as a limited capacity facility, has grown into a long-term commitment to aviation workforce development, attracting high-skill, high-wage jobs to Charlotte County,” said Kim Amontree, Charlotte County School Board member James Parish, CEO of the Punta Gorda Airport, highlighted the program’s transformative potential. “This initiative not only enhances our regional workforce but positions
PGD as a hub for aviation excellence, attracting airlines, MROs and other related industries,” he said. Under the leadership of Mark Vianello, Charlotte County Schools Superintendent, the program’s reach expanded to include middle and high school feeder programs, creating a pipeline for students to enter postgraduate pathways in aviation. Vianello emphasized, “It’s about more than state-of-the-art spaces; it’s about changing lives and preparing students for a future in a rapidly evolving industry.” Recognizing the critical support from state Sen. Ben Albritton and former state Reps. Michael Grant and Spencer Roach, the success of this project is a testament to their dedication to education and workforce development in Southwest Florida. Construction partner Stellar Development has projected completing the project by December 2025, ushering in a new era of technical education and workforce development in Southwest Florida.
COMMERCIAL REAL ESTATE
EōS Fitness opens first gym in Fort Myers EōS Fitness signed a long-term retail lease to open its first gym in Fort Myers and first in Southwest Florida in 2026 at the Shoppes at Pelican Preserve, located at the intersection of Colonial Boulevard and the Interstate-75 interchange. The fast-growing national gym brand’s 40,000-square-foot lease brokered by LQ Commercial is the latest in the rush of explosive residential and commercial growth in Fort Myers over the last five years. Conveniently located just east of Interstate-75, the shopping center is co-anchored by Winn-Dixie grocery store. EōS Fitness has 12 open locations across Florida, including Tampa, Orlando and South Florida. With 11 Florida locations on the way, this lease is part of the company’s ongoing expansion across the state.
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FL Dept of Transportation - Wayne Gaither
Office and Medical Expansion - Adam Palmer, CCIM
Barrier Islands Update - Stan Stouder, CCIM
Future of Alico Airport Corridor - Jerry Messonnier, SIOR
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COMMERCIAL REAL ESTATE Commercial Real Estate: A Passive Fortune
How does a person know which property to acquire to have significant appreciation? Which type of commercial real estate asset will fulfill your wishes? Do you buy land or income-producing assets? How do you set a realistic future financial goal for the assets you acquire and when do you recognize if your goal is being met? There are many types of commercial real estate— land, retail, shopping centers, apartments and special purpose properties to name a few. Each type has its own unique virtues and challenges. This article is much too short to think about explaining that last sentence. But believe me, I could write a book on every possible type of commercial real estate and would not be able to fully appraise the reader of all possible happenstance associated with ownership both positive and negative. How does a guy pay $900,000 for 143 acres a mile east of Interstate-75 on Highway 82 in 2003 and sell it for $66+ million in 2024. Does anyone possibly think that at the time of purchase the buyer had any clue that this property would ever sell for that much money? And, if you tell me yes, then I have to assume you also knew the buyer was going to be Amazon 21 years into the future. My illustration is that one cannot know the specifics of how an asset will perform. Yet, one can have a solid foundation to believe that a certain asset purchase will perform positively and make a return on the investment. So, how do you decide uniquely which type and cost of an asset will work for you? An investor should not perform “analysis to paralysis,” but knowledge is the key to successful investing. Buildings can become obsolete and populations can trend in a direction away from your property. If you can afford to
buy smack dab in the middle of new growth it doesn’t matter which type of real estate you purchase. That is what companies like Wawa, McDonald’s, Publix and large office and apartment developers do. They pay a little more for the property but do not have to wait for the property to be viable. My first purchase of real estate was in a little town in Georgia called Acworth. I bought an actual baseball field with a nice backstop on six acres on a BY RANDY main street for $23,000 owner finance. KRISE It was on a secondary road a mile or Guest Columnist so from most anything. I held for that property 26 years and then sold it for $890,000. That sale was in 2004. That land has a shopping center on it now, condos are in the back. Every lot anywhere near it is developed. Acworth is all grown up. I had a 10-year plan that became 20-years-plus. Can we ever know how any property is going to perform? I say conservatively speaking, yes! If your plan is reasonable and you just wish to stay ahead of inflation or buy a few years before you wish to develop the property, you should be successful. Quick flips on properties are risky. Cash in, cash out is generally a money maker. If you are mortgaging to flip, watch out. You had better polish that crystal ball real shiny before you commit. Randy Krise, CCIM, is the owner/broker of Krise Commercial Group in Fort Myers and can be reached at (239) 633-8672 or randy@krisecg.com.
COMMERCIAL REAL ESTATE
www.swfloridabusinesstoday.com PUBLISHER Karen P. Moore PRINT EDITOR & ASSOCIATE WEB EDITOR Jacob Ogles PRODUCTION MANAGER Jennifer Ogles PHOTO REVIEWER Scott Toner PRINT AD DESIGNER Jennifer Ogles DIGITAL MEDIA Michelle L. Hudson Annelese Johnson WEBSITE ASSISTANT Jennifer Ogles
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Development Realty facilitates sale of prime industrial land in Punta Gorda Development Realty announced the successful sale of a 4.44-acre parcel of industrial-zoned land located on Commerce Lakes Drive in Punta Gorda. The land was acquired by Commerce 28000 LLC for $813,000, and is expected to be utilized for warehouse development to attract and support an influx of commercial businesses in Charlotte County. The property, positioned on Lot 77, is strategically located on the north side of the Punta Gorda Airport, within the Enterprise Charlotte Airport Overlay area. This off-market transaction highlights the increasing demand for strategic industrial spaces in the region. As more companies recognize the benefits of a Charlotte County presence, this sale is an indicator of the area’s attractiveness for
business growth and development. Jessica Russo of Development Realty represented the buyer in this transaction, while Wings to Rails, the property owner, represented itself. “We are thrilled to have facilitated this sale, which will undoubtedly support further economic development in the region,” Russo said. “The property’s proximity to the Punta Gorda Airport and its location within a key industrial corridor makes it a valuable asset for Commerce 28000 LLC and supports the county’s ongoing commercial expansion. We’re proud to be part of this growth story.” The sale is expected to bolster local economic activity, particularly in the industrial and logistics sectors, aligning with the ongoing growth plans of the Enterprise Charlotte Airport Overlay area, she said.
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SanCap Chamber facilitates applications for disaster relief
In partnership with the Charitable Foundation of the Islands, the SanCap Chamber facilitates two disaster recovery programs to help small businesses get back on their feet following hurricanes Ian, Helene and Milton. A dedicated chamber staff person is available to help businesses with paperwork and questions. Contact Alex Bustamante at (239) 440-9709 or Alex@sanibel-captiva.org for assistance. CFI’s Sanibel-Captiva Recovery Fund is taking application for grants to independently owned business based on need. Average grant is $5,000, as funds allow. CFI also partners with Sanibel Captiva Community Bank for Accelerate, a small business loan program available for a limited time. Funds came from thirdparty investors interested in the well-being of the islands’ commercial community. Currently $1.2 million is available for five-year loans up to $100,000, based on need. Businesses that meet a critical need for island recovery and resident and guest requests — such as a pharmacy, dry cleaner, mechanic, and the likes — will receive preference. “Once again, we see the community pulling together to encourage recovery from the latest two hurricanes, in addition to 2022’s Ian,” said SanCap Chamber president and chief executive officer John Lai. “A big thanks to all involved.”
FELLOW PAGE 1 TechSpark Immokalee served 157 Immokalee Foundation middle school students in its first year. Students followed a four-week program curriculum based on building digital skills that impact future jobs. Topics included data processing, virtual and augmented reality, robotics and generative artificial intelligence such as ChatGPT. “Microsoft’s TechSpark program works closely with local community organizations to develop digital skills, support nonprofits and create jobs,” said Mike Egan, Microsoft TechSpark senior director. “By working together with The Immokalee Foundation, we can help them deliver resources, education and digital skills for students that create greater economic opportunity in Southwest Florida.” “It is evident that there is a significant digital transformation at play across almost every industry and profession,” said Noemi Y. Perez, president and CEO of The Immokalee Foundation. “We are grateful to have this continued opportunity with Microsoft, which plays a vital role in connecting the youth of Immokalee to the modern workforce through essential digital skills training. Thanks to our educational partnership with U.A. Whitaker College of Engineering at Florida Gulf Coast University and a matching grant from The Collier Industrial Authority, we are confident that our students will be well-positioned to succeed in the digital age.” Last year’s cohort of TechSpark Fellows secured over $177 million in funding support, reached 48,000 community members, and engaged 548 partners to help build economic opportunities in 42 communities across the nation.
JANUARY 2025
Southwest Florida BUSINESS TODAY ®
Page 5
GUEST COMMENTARY
Corporate Transparency Act Enforcement suspended nationwide
The U.S. District Court for the Eastern District of Texas granted a nationwide temporary injunction on Dec. 3 suspending enforcement of the Corporate Transparency Act and its Beneficial Ownership Information reporting rule. The injunction effectively suspends the requirement under the CTA for reporting companies to disclose their beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN). The court ruled that “reporting companies need not comply with the CTA’s January 1,
2025, BOI reporting deadline pending further order of the Court.” The basis for the court’s ruling is a determination the CTA is likely unconstitutional. The injunction applies nationwide, providing all businesses subject to the CTA’s reporting requirements are relieved of their CTA filing obligations until further notice. For companies created prior to 2024, the ruling suspends their obligation to submit their initial BOI reports to FinCEN before the Jan. 1 deadline. For companies created in 2024, this suspends their obligation to report
within 90 days of formation. While this litigation is ongoing, FinCEN will comply with the order issued by the U.S. District Court for the Eastern District of Texas for as long as it remains in effect. Reporting companies may continue to voluntarily submit BOI reports. Businesses should remain cautious and continue to monitor reporting obligations. The district court’s injunction is preliminary. The Department of Justice, on behalf of the Department of the Treasury, filed a Notice of Appeal on Dec. 5. If compliance requirements
COMMERCIAL REAL ESTATE
Following another year of business growth and opportunities in Lee County, the Horizon Council, Horizon Foundation and Lee County Economic Development Office will host the 2025 Annual Meeting on Feb. 6. Titled ‘The Innovation Economy: Connecting Ideas and Opportunity,’ the 2025 Annual Meeting will feature a State of the Economy presentation recapping the tremendous growth Lee County has seen, such as the ongoing expansion of Amazon in Fort Myers, new businesses along Pine Island Road in Cape Coral, Herc Rentals’ continued growth in the region. Expanding on the event’s theme, the meeting will highlight the role of innovation as a key driver of economic development by fostering new connections between cutting-edge
For storm recovery updates throughout the day, go to swfloridabusinesstoday.com/ storm-impact-business-bulletin/ Tampa General Health (two spaces), Hope Chiropractic, Jersey Mike’s, Oar & Iron, Boujee Nails, Fountain Pools, Seymour Smiles Orthodontics, Yummy Express, Verizon, Papa Johns, Carvel Ice Cream and The Aesthetics Lounge and Spa. Crescent B Commons is open with tenants including Publix, Starbucks, Pet Supermarket, Heartland Dental, Great Clips, Fifth Third Bank, Fiore + Ela Salon, Pi Local and M’Xuma Tacos. Babcock Ranch is an 18,000acre, 50,000-person “new town” development in Southwest Florida. It’s entitled for 19,500 residential units and 6 million square feet of commercial space, including: retail, office, industrial, medical and hotel. Babcock Ranch is a top 10 selling master-planned community in the country. Katz & Associates began operations in January of 1996. The company currently maintains offices in New York City, Charlotte, Boca Raton, Nashville, New Jersey, Orlando, and Chicago. Katz & Associates’ primary focus is assisting retailers, restaurants and landlords in all capacities including strategic planning, market analysis, lease and sale negotiations and dispositions.
Markham Norton Mosteller Wright & Co. is a member of PrimeGlobal, a worldwide association of independent accounting firms. Contact the Fort Myers office at (239) 433-5554 and the Naples officer at (239) 261-5554.
Southwest Florida business group to host ‘The Innovation Economy’
Katz & Associates leasing B Street at Babcock With a recently signed 23,000-square-foot HomeGoods lease at The Shoppes at Yellow Pine by Katz & Associates’ Jon Cashion and Eric Spritz, the center is 100% leased. The Katz team members, including Robert Nuchereno, are now turning their attention to Phase III: Retail at B Street, Kitson & Partners’ mixed-use lifestyle center in Babcock Ranch. Between The Shoppes at Yellow Pine and Crescent B Commons, Cashion and Spritz secured more than 30 best-in-class retailers totaling over 145,000 square feet. B Street at Babcock Ranch features 70,000 square feet of groundfloor retail space, 42,000 square feet of ground-floor office building space, two residential buildings featuring 140 units, and more than 950 surface-level parking spaces. B Street will be the energetic anchor of Babcock Ranch where patrons and residents can indulge in art, cuisine, music, shopping and fitness. Targeted retail uses include breweries, bars, nightlife venues, quickand full-service restaurants, boutiques, service tenants and dry retail. The expected delivery is 2026. The Shoppes at Yellow Pine is nearing completion with delivery set for first quarter 2025. Tenants include HomeGoods, Ulta Beauty (tenant representation by Katz’s Jennifer Houston and Marty Hennessy), Five Below, Marshalls, Ace Hardware, Five Guys, Panera Bread,
are reinstated, there is no assurance whether or how the prior reporting deadlines may be extended. Reporting companies should also stay tuned for updates or guidance from FinCEN, which may clarify the agency’s intended next steps in light of the Court’s ruling.
ideas and real-world opportunities. This approach encourages collaboration among local businesses, investors and innovators, which can lead to sustainable growth and ensure that Lee County remains competitive in a rapidly evolving economy. Additionally, the meeting will offer a preview of the groups’ vision for business and development in 2025, which will emphasize the link between creativity, talent and economic growth. The 2025 Annual Meeting will take place from 11 a.m. to 1:30 p.m. on Thursday, Feb. 6 at Broadway Palm Dinner Theatre on Colonial Boulevard in Fort Myers. The event includes networking, a buffet lunch, the annual review and a “passing of the gavel” celebration to formally recognize outgoing and incoming leadership.
Become a Mentor. Change lives. While many children turn to their parents for advice, the students we support often need a mentor outside their immediate family to help shape who they ultimately become, personally and professionally.
ImmokaleeFoundation.org
English is not the primary language for many of our student’s parents and often, it’s the students who are the first to pursue higher education, go off to college, or seek a career outside traditional agriculture. This makes having a mentor so pivotal in helping our deserving young people achieve their dreams and succeed. Immokalee Foundation mentors often become an extension of a student’s family.
Will you join our family of mentors? Sign up to become a mentor today! Contact Yeimi Espinoza at 239.657.2461 or email Yeimi.Espinoza@ImmokaleeFoundation.org.
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Page 6
Southwest Florida BUSINESS TODAY ®
JANUARY 2025
Lee County, Collaboratory awarded $19.3 million grant The U.S. Environmental Protection Agency awarded Lee County and the Collaboratory a Community Change Grant of more than $19.3 million to help disadvantaged communities tackle environmental challenges related to disaster preparedness. This funding will increase community resilience, reduce pollution and build community capacity. The project will invest in four organizations to create the foundation of a network of community resilience hubs to support residents during emergencies, such as hurricanes. Resilience hubs are locations that provide supplies or social services residents need every day. These spaces can transition in a disaster to provide critical information, emergency support and health supplies to the surrounding communities. These four hubs are planned to be used as the
blueprint for the network of hubs in Fort Myers: • Collaboratory, Jackson Street • Franklin Park Elementary School, Ford Street • IMAG History & Science Center, Cranford Avenue • Pine Manor Community Center, Tenth Avenue Along with community partners, the project will build the capacity of local organizations providing resilience services; help communities develop emergency plans; and equip the hubs with adequate supplies. It is intended to expand and improve the county’s emergency response planning and implementation network to support an all-of-community response during and after a severe event. Stormwater and infrastructure improvements along Ten Mile Canal are also part of the project as are workforce development programs focused on
COMMERCIAL REAL ESTATE
Fort Myers launches Enterprise Resource Planning system
GMA Architects & Planners has unveiled its initial architectural designs for Cali Coffee and an adjacent tenant space planned in Cape Coral.
GMA completes designs for Cali Coffee GMA Architects & Planners has unveiled its initial architectural designs for Cali Coffee and an adjacent tenant space planned in Cape Coral. The design is one of the first locations for Cali Coffee planned in the area. The building, planned on Pine Island Road, is a single-story, 3,900-square-foot building with space for one or two additional tenants. The site has been planned by Avalon Engineering and construction by GCG Construction is expected to begin in early 2025. The architectural design by GMA aims to create a dynamic contrast between modern and classic
the construction sector to support the construction of energy-efficient and resilient homes in the region. The grant period is three years. The project is aligned to 12 initiatives identified in the ResilientLee effort coordinated by Collaboratory and Lee County following Hurricane Ian. Like ResilentLee, this is a collaborative project enlisting partners to include: • The School District of Lee County • The Pine Manor Improvement Association • United Way of Lee, Hendry and Glades • American Red Cross • City of Fort Myers • IMAG History and Science Center To learn more about the Community Change Grants visit EPA’s Inflation Reduction Act Community Change Grants Program webpage.
aesthetics. The front façade has two styles, sleek modernity with clean lines, bold finishes and a striking angled roof extension. The other embraces a timeless, classic look, highlighted by a brick façade and architectural elements inspired by Georgian style, bringing an elegant, historic feel to the overall structure. The first primarily drive-through-based flagship Cali Coffee was built in Hollywood in 2017. Most locations currently are on Florida’s east coast, but additional locations are planned in Cape Coral, Bonita Springs and Fort Myers.
The City of Fort Myers launched a more than $7.8 million, five-year partnership with Oracle Corporation and implementation firm, Creoal Consulting, as an investment to upgrade the City’s digital infrastructure. This project will integrate Oracle Cloud Enterprise Resource Planning, Human Capital Management, Supply Chain Management and financial Enterprise Performance Management systems, establishing a transformative platform for transparent and efficient delivery of municipal services. The approval of the Oracle Cloud ERP system by the Fort Myers City Council on Sept. 3 marks the culmination of nearly two years of planning and preparation. By replacing its 23-year-old ERP system, the City is focused on innovation, operational excellence and enhanced customer service. With a growing population, the project is designed to address current operational challenges and create a sustainable framework for future growth and success. “Oracle is known as one of the world’s top ERP companies that will improve our operations while generating cost savings for taxpayers,” said Richard Calkins, Information Technology Services Director for the City of Fort Myers. “This major modernization aligns us with municipalities like the City of Tampa, showcasing a shared commitment to adopting the latest and most secure system for constituents and DIGITAL See page 7
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COMMERCIAL REAL ESTATE
SanCap Chamber ribbon-cutting celebrates opening of Home by Rachel Pierce For Rachel Pierce and partner Lauren Speas, hurricanes have been both impetus and challenge for their new business, Home by Rachel Pierce on Periwinkle Way on Sanibel Island. Although the new shop opened in July, this fall’s hurricanes delayed the SanCap Chamber ribbon-cutting until Dec. 10. “The storms are what had us coming up with the model of cash and carry,” said Pierce, who also reopened her eponymous art gallery across the street after Hurricane Ian in 2022. “We know folks fly in for a few days only, sometimes, and need items now, not waiting for 12 weeks-plus for a couch or chair to come in. We want to be a convenient on-island shopping option.” The owners maintain an optimistic spirit about the delayed reopening due to flooding from hurricanes Helene and Milton. “Lauren and I say we have a great origin story. Sort of the comeback kids,” Pierce said. “We lost more than half our
Home by Rachel Pierce on Sanibel Island opened in July, however this fall’s hurricanes delayed the SanCap Chamber ribbon-cutting until Dec. 10. “We know the chamber has our backs inventory in Helene. A big thank you to and is there to support us and all the the support of the islanders who shopped businesses. It’s so wonderful to be part our sale and helped us clear the store afof this community and the support we ter the hurricane.” all give each other. A big thank you for She also expresses appreciation for the chamber’s incredible outreach to the SanCap Chamber and its support.
Burnt Store Corridor future explored The Burnt Store Corridor Coalition held a meeting on Dec. 10 at the Burnt Store Presbyterian Church Sanctuary and discussed both a hydrology study and the Burnt Store Area Plan. The meeting informed residents about the scope of work of the hydrology study. The study will focus on the Burnt Store Area with particular emphasis on established communities on the west side of Burnt Store Road and the impact of new developments on the east side of the road. Developments within Tropical
Gulf Acres will also be included. Staff from the County and contractor, KimleyHorn, participated. Officials also apprised residents on the status of an update to the Burnt Store Area Plan and solicited input from attendees about their priority concerns. Announcements about upcoming public hearings and community input activities, including the road widening project on the last segment of Burnt Store Road and neighborhood commercial development, were made.
DIGITAL PAGE 6 becoming a leader in government technology.” Key City ERP benefits include improved systems integration, workflow, resource allocation and resiliency, supply chain management, resident communication, environmental responsibility and artificial intelligence to support informed decision-making. “Oracle is thrilled to partner with the City of Fort Myers in this im-
potential visitors.” “Rachel has been a pillar in the island’s retail rebuilding,” said John Lai, chamber president and CEO. “In a little over a year, she brought back her bright and lively art to the heart of Sanibel. Since then, she and her family have been involved with opening a coffee shop and Pierce’s Paws Paradise for pet supplies and gifts. She has been instrumental in bringing Sanibel retail back to life with her energy and art throughout the community.” In addition to furniture and home accents “to-go,” Pierce employs the services of three designers with the ability to create homes from the ground up. All three live or own a business on the island. They specialize in the unique at all price points. “We can customize anything and offer unique items only found in our store,” Pierce said. “We want your home or vacation home to be an oasis you are proud of and enjoy.” For more business news, visit www.swfloridabusinesstoday.com portant modernization effort,” said Rusty Lindsey, Oracle’s regional vice president for the local government sector. “Fort Myers, with the assistance of Creoal Consulting, will be embracing best practices to drive efficiency and process improvement that will position the City to better serve its community today and into the future.”
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Southwest Florida BUSINESS TODAY ®
JANUARY 2025 JANUARY 2025
Southwest Florida BUSINESS TODAY ®
Page 9
THERESA BLAUCH-MITCHELL, CCIM
Lee, Collier, Charlotte & Sarasota Counties SWFL CCIM Past President, Florida CCIM Membership Chair, CCIM International Committee. Hablo Español.
SPERRY COMMERCIAL GLOBAL AFFILIATES
• INVESTMENT • RETAIL • OFFICE • INDUSTRIAL
239-265-2628 theresa@ccim.net www.sperrycga.com
PHIL FISCHLER, CCIM We put clients in the best position to maximize their investment, minimize risk and build the life they desire. 2022 Best of Business - CRE Sales and Leasing.
FISCHLER PROPERTY CO.
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CARLOS ACOSTA, CCIM Lee, Charlotte, Collier & Sarasota Counties
• LAND FOR DEVELOPMENT
Managing Principal/Qualifying Broker. Specializing in acquisitions and disposition of retail, office, industrial, land and investment sales. 5-time CoStar Powerbroker.
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BILL POTEET, CCIM
239-823-0115
Collier, Lee and Hendry Counties
cacosta@ccim.net www.cresswfl.com
Broker/Owner, 39 years of commercial real estate sales and leasing, 2025 Florida CCIM VP of Administration, 2016 Florida Commercial Realtor Achievement Recipient, 2014 NABOR Realtor of the Year
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30 years of experience in Florida real estate with 20 years in Southwest Florida. Servicing in all facets of commercial real estate, both sales and leasing, and specializing in shopping plazas and strip centers.
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• MEDICAL OFFICE • GENERAL OFFICE • VACANT LAND
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With dedicated space for information: • On our website with a Commercial Real Estate section • In our quarterly Commercial RE Market section in both the print & digital versions of SWFBT • With zoned and full-run inserts • With guest column opportunities • With digital marketing options
Qualifying Broker/ Managing Director Licensed Real Estate Instructor Director Royal Palm Coast Realtor Association Director, CCIM-SWFL District Past President Commercial Investment Professionals of Southwest Florida
For more information, call Karen at (239) 770-7527
Past President SWFL Commercial Alliance Vice-Chair Laguna Estates CDD
Lee, Collier, Charlotte, Hendry & DeSoto Counties
COMMERCIAL REALTY . BROKERS · ANALvsTs ASSO CIATES of SWFL • ADVISORS 239-671-6574
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Lee, Collier & Charlotte Counties A partner with CRE Consultants and 22-year commercial real estate veteran, he specializes in the medical and professional office market.
RE/MAX REALTY GROUP 239-281-0441 mfrye@ccim.net www.michaeljfrye.com
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Principal & Managing Director LQ Commercial; CCIM Institute Global President - Elect; 22-time CoStar Power Broker; SIOR Dual Specialist
LQ COMMERCIAL 239-898-8686 adam@adampalmer.com www.adampalmer.com
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ENN LUTHRINGER, CCIM
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If you are a CCIM-SWFL Chapter Designee, as a benefit, you are eligible to participate in this section. Contact 2024 CCIM-SWFL President Ron Welebny for details at ron@cra.us Current CCIM-SWFL President Ron Welebny says: “Between the CCIM branding ad I run quarterly and the additional ad I run regularly in SWFL Business Today, the ad program generates both phone calls and new client contacts.”
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Senior Vice President/Senior Commercial Banker at Crews Bank & Trust. Served the Lee County market for over 40 years. Proud to be one of the few local community bankers in Lee County who has obtained the prestigious CCIM designation. Board Member for CCIM SW Florida District • FINANCING OF COMMERCIAL REAL ESTATE
Lee, Collier & Charlotte Counties Broker/owner of Krise Commercial Group and 2016 Florida CCIM Regional Vice President and Institute Board Member.
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Page 10
Southwest Florida BUSINESS TODAY ®
JANUARY 2025
GUEST COMMENTARY
Fiscal, economic impacts of Goodwill in Florida estimated at $1.2 billion Florida TaxWatch released its report, More Than A Store: The Fiscal and Economic Impacts of Goodwill in Florida at a Florida Capitol press conference in Tallahassee. After operating in Florida for more than 50 years, Goodwill continues to provide numerous benefits to Floridians by using its sustainable business model of selling donated goods. Goodwill provides significant job opportunities, economic development, and community support for thousands of Floridians each year. Florida TaxWatch President and CEO Dominic M. Calabro said, “The Florida Goodwill Association provides several impactful initiatives that help stimulate economic and workforce development by providing employment opportunities for individuals who often have barriers to entering the workforce through traditional means. These programs have a direct impact on Florida’s communities and economy and an estimated $1.2 billion in economic output value for 2023. Moreover, these Goodwill programs add tremendous dignity to the lives of the clients and communities they serve. They are truly, more than a store.” Donn Githens, president and CEO of Goodwill Manasota and chair of Florida Goodwill Association, said, “The Florida Goodwill Association wanted to measure our economic impact and there is no better organization than Florida TaxWatch to provide the information needed. Florida Goodwill Association consists of nine territories that are independently run and governed by their own local volunteer board of directors, and this study collectively shows the tremendous economic impact we have across the state and in our local communities.” The nine established territories include the Big Bend, Central Florida, Gulf Coast, Gulfstream, Manasota, North Florida, South Florida, Southwest Florida and Suncoast. Each of these territories provides critical services and programs that are focused on the direct needs of each community and contribute to the collective statewide impacts in 2023 as outlined below. Economic impacts • Provided an estimated $1.2 billion
LED lighting looks to future in modern, sustainable communities By Cesar Diaz Guest Columnist
In recent years, LED (Light Emitting Diode) lighting has emerged as a transformative technology, revolutionizing how we illuminate our homes, businesses and cities. With its unmatched energy efficiency, longevity and versatility, transitioning to LED lighting is a smart choice for individual consumers and an essential step for creating sustainable communities and protecting our environment. One of the most significant advantages of LED lighting is its energy efficiency. LEDs use up to 90% less energy than traditional incandescent bulbs and significantly outperform compact fluorescent lamps (CFLs). This reduced energy consumption directly translates into lower household and business electricity bills. For municipalities, switching to LED streetlights can result in substantial savings, freeing up funds for other critical community projects. Longevity and durability Unlike conventional bulbs, which often burn out after a few months of use, LEDs have a lifespan exceeding 25,000 hours. This means fewer replacements and reduced maintenance costs over time. Their durability also makes them an ideal choice for outdoor lighting, as they can withstand harsh weather conditions and frequent switching without losing performance. LEDs offer superior lighting quality, providing brighter, more consistent illumination. They are available in various color temperatures, from warm yellow to cool white, making them suitable for diverse applications. For instance, LED lighting can enhance concentration and productivity in schools and offices by reducing eye strain and improving visibility. In retail spaces, it can create vibrant displays that attract customers. The environmental benefits of LED lighting are profound. LEDs help reduce greenhouse gas emissions
associated with electricity generation by consuming less energy. Moreover, they contain no toxic materials like mercury, commonly found in compact fluorescent lamps (CFLs), making them safer to dispose of and less harmful to the environment. Additionally, their extended lifespan means fewer bulbs end up in landfills. The importance of transitioning Transitioning from traditional lighting to LEDs is more critical than ever. As global energy demands rise and climate change threatens ecosystems, adopting energy-efficient technologies becomes crucial to environmental stewardship. Many governments and organizations are already incentivizing LED adoption through rebates and subsidies, making it more accessible for individuals and businesses to make the switch. On a community level, LED lighting can contribute to safer, more vibrant public spaces. Well-lit streets and parks deter crime and encourage nighttime activities, boosting local economies. In addition, the reduced energy costs associated with LED installations can be redirected toward education, health care and other public services. LED technology represents more than just a lighting solution; it is a pathway to a brighter and more sustainable future. By transitioning to LEDs, we can reduce our carbon footprint, save money, and enhance everyone’s quality of life. Whether you’re a homeowner looking to cut energy costs, a business aiming to improve operational efficiency, or a policymaker seeking to build a greener community, the benefits of LEDs are undeniable. The time to make the switch is now. Together, we can light the way to a cleaner, more energy-efficient world. Cesar Diaz is the marketing director for Energy Harness in Cape Coral. Compact cdiaz@energyharness.com or (239) 790-3300.
We Care About SWFL Commercial Realtors With dedicated space for informa�on: • On our website with a Commercial Real Estate sec�on • In our quarterly Commercial RE Market section in both the print & digital versions of SWFBT • With zoned and full-run inserts • With guest column opportuni�es • With digital marke�ng op�ons
in economic impact; • Contributed $652 million to Florida’s GDP; and • Added $127 million in personal income growth across the state. Fiscal impacts: • Collected more than $20 million in local and state sales tax; and • Paid a total of $50 million in direct and indirect tax dollars to the state. Jobs created and job placements • One in 24 job placements in the State of Florida for the year 2023 is accredited to Goodwill • Employed more than 14,800 individuals within Goodwill’s organization • Placed more than 4,000 individuals in jobs within their local communities. State Sen. Tracie Davis, D-Jacksonville, said, “Goodwill has several programs that help youth and adults gain workforce and critical life skills. One example is the Take Stock in Children program that offers mentoring services for students seeking higher education and scholarship opportunities. In North Florida, 450 students have participated in the program with a 100 percent high school graduation rate. In 2023, they served over 20,000 people through its various programs, and through its job placement programs, this territory adds an additional 1,686 job placements. Incredibly, Goodwill added a much-needed economic impact of $297.8 million to 14 North Florida counties.” Goodwill program offerings are grouped into seven categories with numerous subcategories customized for each territory’s needs, including career services/readiness, community services, housing services, re-entry services, veteran services, youth services and other. About 90% of the dollars earned go directly to program activities. This is higher than the 65% minimum established by the Better Business Bureau’s Standards for Charity Accountability. Goodwill receives donations and contributions from people of the community it serves, and the return earned from Goodwill can be seen in both its economic impact to that community and its mission fulfillment. Florida Taxwatch is a nonprofit government watchdog and taxpayer research institute. Visit FloridaTaxWatch.org.
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Southwest Florida Business Today is the region’s best source of local business news serving the tri-county area of Collier, Lee and Charlotte. This monthly newspaper is a niche publication direct-mailed to business decision makers. Every issue we strive to better meet our readers’, advertisers’ and potential advertisers’ needs. If you want to reach business owners, we deliver your business through your advertising message directly to them.
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Southwest Florida BUSINESS TODAY ®
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Sanibel Captiva Trust honors the Islands’ 50th anniversary
The Sanibel Captiva Trust Company team welcomed more than 180 clients and friends to its season opening event on Nov. 20 at The Community House, with a program featuring “The History and Future of The Sanibel Causeway.” The topic was both historical, tying into to the celebration of the City of Sanibel’s 50th Anniversary, and topical, providing news and information of the improvements to Sanibel’s link to the mainland. Trust Company Founder and Chairman Al Hanser welcomed guests and thanked them for their confidence and enthusiasm for The Trust Company, and followed this message with a thank you to the employees for taking such good care of the clients. “We make it a point to take very good care of our employees through quality benefits and an overall family culture,” Hanser said. “Happy and appreciated employees translate to exceptional service to the clients who count on us.” Jeff Muddell, Sanibel president of The Sanibel Captiva Trust Company, followed Hanser in welcoming many guests back for the season. “I don’t think I’ve ever seen so many people in this room at one time,” said Muddell. “We appreciate you and are happy to see such strong support of the islands and our causeway reconstruction that is so vital to the life of our community.” Featured speaker Pam Miner, executive director of the Sanibel Historical Museum & Village, spoke first on the history of the Sanibel Causeway. She highlighted the many steps that led to making the causeway a reality, including the first structures on the island in the late 1800s and early 1900s, the auto ferry at the Punta Rassa Ferry Terminal established in 1914. Blind Pass bridge came a few years later and tourism boomed in the 1930s with a regular, reliable ferry service and schedule. Sanibel resident and developer Hugo Lindgren was the driving force behind the causeway, working with local and state government and donating his own land for the island side of the bridge. He also donated the land where the Chamber still stands. Florida Department of Tranpsortation Sanibel Causeway Community Liaison Jennifer Dorning spoke next on the extraordinary vision and engineering efforts that ensued to repair the causeway following Hurricane Ian. It was repaired to allow essential vehicles and equipment within a matter of days, followed by local resident vehicles the week after. It was an extraordinary feat and some repairs continue, as well as the installation of new, stronger reinforcements, such as wave energy absorption and stabilization/anti-erosion techniques that passed with flying colors through Hurricanes Helene and Milton this fall. Muddell summarized the remaining handful of items underway or to be completed. On the Causeway Islands, the post and ropes are being installed, barrier walls will be removed within the next month or so, as will be the final paving. The Punta Rassa boat ramp will have equipment cleaned out from staging areas, with the redesign underway and dredging starting in January.
Top: Attendees at the luncheon. Above: Jennifer Dorning, Jeff Muddell, Pam Miner Left: S. Albert D. Hanser addresses audience members. Below left: Craig Hersch, Melanie Congress, Doug Congress, Chip Roach Below right: Carolyn Rogers, Joyce Owens, Jodi Schwartzel.
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Page 12
Southwest Florida BUSINESS TODAY ®
JANUARY 2025
GUEST COMMENTARY
Post-election bump felt in SWFL real estate market
The Southwest Florida real estate market is witnessing renewed vitality as buyers and sellers alike respond to shifting conditions with cautious optimism. Experts report significant trends, including an uptick in buyer activity and, in some cases, a return to competitive offers not seen in recent years. “The last six months have been a challenge especially but there clearly has been a welcomed increase in activity of late,” said Steve Kolenda, managing broker at Berkshire Hathaway HomeServices. “Buyers and sellers are taking advantage of the times and the economic optimism surrounding recent changes in interest rates and other factors influencing our real estate market.” The region is also experiencing a notable uptick in competition among buyers. “We’re seeing mul-
tiple competing offers in the marketplace, something we haven’t seen in a while,” added Kolenda. With hurricane season, the 2024 election and other uncertainties past, the market is experiencing what many are calling a return to business as usual. “All of the noise has stopped, and we’re seeing a shift back to stability,” said Mark Ledbetter, a Bonita Springs real estate agent with MVP Realty Associates. “Buyers and sellers are approaching the market with a renewed sense of clarity and confidence, ready to make decisions without hesitation.” Mike Hughes, vice president of Downing-Frye Realty, emphasized the role of real estate professionals in guiding clients. “Realtors are in the know when it comes to market conditions and shifts,” Hughes said. “Our job is
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COMMERCIAL REAL ESTATE Dental implant and oral surgery office opens in Cape Coral
TWEEDS Custom Suits hosted an open house and ribbon-cutting ceremony at the store’s new location on 5th Avenue North in Naples.
TWEEDS Custom Suits hosts open house and ribbon-cutting TWEEDS Custom Suits, a provider of bespoke menswear, hosted an open house and ribbon-cutting ceremony on Dec. 3. The celebration took place at the store’s new location on 5th Avenue North, marking its fifth store opening in just five years and its first location in Naples. The event featured remarks by Naples Mayor Teresa Heitmann, Naples Chamber of Commerce CEO Kristina Park and other city dignitaries, welcoming TWEEDS to the Naples business community.
to keep our clients informed and help them navigate the real estate landscape, whether it’s a buyer’s or a seller’s market. We’re constantly adapting to changes in interest rates, inventory and local trends so we can guide clients toward the best decisions for their unique needs.” Bonita Estero REALTORS underscored the importance of partnering with an experienced Realtor who understands the nuances of local neighborhoods and specific communities. Having a knowledgeable guide can be crucial for buyers and sellers navigating market complexities, ensuring they make informed decisions that align with their goals.
“We are excited to bring our unique approach to bespoke menswear to Naples,” Donald Carlson, founder of TWEEDS Custom Suits, said. “This event is not just a celebration of our opening but also a way to thank the community for welcoming us and to introduce the art of custom tailoring to new clients.” The open house offered attendees the opportunity to explore TWEEDS’ extensive range of luxurious fabrics and discuss custom design options with expert stylists.
Cape Coral residents have a new option for dental implants and oral surgery, Trenton Implants and Dental Surgery. The new practice opened on Dec. 6 on Del Prado Boulevard South. Trenton Implants and Dental Surgery offers implant and surgery services including extractions, dental placement for single tooth and multiple teeth, overdenture and AOX Bone Grafting, including sinus grafting and ridge augmentation. Additional services include crown lengthening, periodontal surgery, scaling and root planning, connective tissue grafting, frenectomy, esthetic gingivectomy and oral sedation. Trenton Implants and Dental Surgery hosted an open house on Dec. 6 for the dental community and future patients to take a tour and meet the care team. Trenton Implants and Dental Surgery is led by Dr. Aaron D. Broderick. He completed his Doctor of Dental Medicine at Nova Southeastern College of Dental Medicine. Following this, he pursued specialized training in Periodontics at Nova Southeastern University after completing a General Practice Residency at Wilmington Hospital in Delaware. “At Trenton Implants, we collaborate closely with general dentists to of-
Dr. Aaron D. Broderick will lead Trenton Implants and Dental Surgery, a new dental implant and oral surgery office in Cape Coral fer a comprehensive range of treatments aimed at transforming our patients’ smiles and enhancing their quality of life,” Broderick said. “Our waterfront facility is equipped with the latest dental technology, CBCT and digital X-ray equipment to provide our patients with the most advanced and efficient treatment options.”
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JANUARY 2025
Southwest Florida BUSINESS TODAY ®
Page 13
Visory Health joins Fast Company’s Brands That Matter list Visory Health, a patient-first health tech prescription platform based in Estero that is transforming the way veterans, families and caregivers access affordable healthcare through its prescription discount card, has been named to Fast Company’s fourth annual 2024 Brands That Matter list, earning recognition in the On the Rise category. The list recognizes companies and organizations disrupting industries to positively impact society. Visory Health was selected for its prescription discount card, developed for those often underserved: families, caregivers, veterans and their families to ensure no one should have to choose between affording groceries or prescriptions. The company’s innovative business model and independence from PBMs exemplify a groundbreaking approach, highlighting the transformation Visory
is working to build. “We’re on a mission to democratize access to affordable medication. We understand that health care costs can be overwhelming for many people, and we’re committed to providing solutions that make healthcare more accessible and affordable for everyone,” said Visory Health CEO and Founder Susan Lang. The average cost of family health insurance through an employer has seen a significant increase of 7%, costing over $25,000 in premiums per year – a new decade high with many struggling to afford their medications. To see how this increase affects people, Visory Health conducted a survey, which found 48% of respondents over 55 had been forced to choose between prescriptions and essential bills. 45% of those
Collier Community Foundation invests $95,750 in The Housing Alliance initiatives, programs The Housing Alliance, a new nonprofit organization formed to provide information, education and advocacy for accessing and developing attainable housing solutions in Collier County, announced it has been awarded nearly $96,000 in grants from the Collier Community Foundation to further its ongoing housing initiatives. The CCF funding was allocated in three grants to support workforce housing stabilization, the Housing Navigator program and fundraising consulting services. • $50,000 community impact grant was awarded to create a Workforce Housing Stabilization Loan Fund program. The program provides funds to members of the local workforce who are experiencing housing instability. Funds may be used to cover rent or move-in costs to secure an affordable rental based on an evaluation of credit and current financial household circumstances. Funding is provided in the form of a short-term, interestfree loan. • $30,000 program grant was awarded to The Housing Alliance’s affiliate, HELP, to support its Housing Navigator Program. The program simplifies the home-buying process by providing accessible, practical resources for home buyer education and pre-purchase counseling to individuals and couples to increase their knowledge and skills in money management. Through the program, Housing and Urban Development Department-certified, bilingual financial
counselors offer individual support to make the home-buying process easier by connecting participants to resources to secure affordable rental housing, tools to save for home ownership, and steps to qualify for a mortgage. The Housing Alliance leverages its community relationships and experience working with local lenders, non-profits and the County offering specialized programs for low-to-moderate income households. • $15,750 community impact grant was awarded to engage with a professional fundraising consultant to develop a comprehensive fundraising strategy. The services will include a case for support, an annual appeals campaign, strategic planning, as well as board and committee development and engagement. CCF has been leading the way to improve housing affordability after it commissioned the Collier County Community Needs Assessment, sponsored by the Richard M. Schulze Family Foundation and CCF, in 2023 and it showed that 65% of respondents cited affordable and workforce housing as the county’s No. 1 priority, up from 45% five years earlier. As a result, CCF has made housing affordability a top priority for its funding initiatives and played a key role in advocating for the creation of The Housing Alliance because they recognized the need to unite key stakeholders and community members to form a housing hub for information, education and resources surrounding workforce housing in Collier County.
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aged 35-54 also faced similar decisions. Springing into action, Visory Health has taken to community events to educate the public on affordable alternatives to save on prescriptions. “At Visory Health, we believe your health is a fundamental right, not a privilege. We’re determined to disrupt the status quo and ensure everyone can access affordable and oftentimes critical medication,” said Alexandra Robertson, Visory Health senior vice president of growth. “We’re fighting for the health and well-being of all individuals.” Since its launch two and a half years ago, Visory Health has become one of the leading prescription discount cards and is available at over 36,000 pharmacy partners nationwide including Walgreens, Kroger, Publix and Stop & Shop.
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LSI Companies brokers industrial building in Naples LSI Companies brokered a 2,4440-square-foot industrial building in Naples for $1,075,000. The property was acquired by MBG Naples from 6145 Lee Ann. The property is located on Lee Ann Lane. The deal was brokered by Eric Edwards, CCIM, of LSI Companies. LSI Companies is Southwest Florida’s leading full-service real estate brokerage and development firm. The Company specializes in all aspects of site development, current market and valuation issues, acquisition and disposition services, due diligence evaluation, zoning and permitting,
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Page 14
Southwest Florida BUSINESS TODAY ®
COMMERCIAL REAL ESTATE
Stevens Construction has started construction of Royal Palm Coast Realtor Association on Summerlin Commons Boulevard in Fort Myers.
Stevens Construction begins Royal Palm Coast Realtor Association Stevens Construction has started construction of Royal Palm Coast Realtor Association on Summerlin Commons Boulevard in Fort Myers, according to Dan Adams, Stevens Construction executive vice president and partner. Construction kicked off with a groundbreaking ceremony on Dec. 13. RPCRA will be a 23,384-square-foot, two-story office designed to elevate member experience, accommodate the rapid growth of the Real Estate industry and provide ample space for professional development and networking opportunities. Scheduled for completion in 2025, the first floor includes the lobby, two multi-purpose rooms, seven offices, storage, a mother’s room, catering
kitchen and a covered patio. The second floor will house 24 offices, multiple training and conference rooms, breakroom and the marketing department. Stevens Construction provided nearly two years of pre-construction services, assisting RPCRA with design team selection, budgeting, scheduling and provided more than $1 million in cost-savings suggestions during the design. The Stevens Construction team includes Nick Burkel, director of preconstruction; Mike Isabella, senior estimator; Jeff Faluade, project manager; Rich McDonald, superintendent and Morgan Thie, project administrator. Studio A.D. is the architect of record.
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Naples Aviation and Avfuel bring SAF East Avfuel Corporation, the leading independent supplier of aviation fuel and services, announces the first delivery of blended sustainable aviation fuel (SAF) out of Port Everglades to Naples Aviation. Naples Aviation accepted Avfuel’s delivery of SAF on Dec. 10. It marked the fuel supplier’s first network location to commit to consistent SAF inventory out of this new supply point. It proved to be a monumental moment for two industry leaders that continue to position sustainability at the forefront of their operations. “This is a huge step forward in scaling SAF distribution and adoption within the business aviation sector,” said Joel Hirst, Avfuel senior vice president of sales. “Avfuel is dedicated to making SAF more accessible throughout the United States, and deliveries like this one help further our commitment to supporting the business aviation industry in growing the use of SAF.” In addition to offering SAF, Naples Aviation also began offering 94 octane unleaded fuel as an environmentally cleaner alternative to traditional aviation gasoline.
“Providing cleaner, alternative fuels is important to the Naples aviation community, and it’s our responsibility to provide sustainable options to our customers,” said Byron Gray, Naples Aviation senior director of FBO services. “We are excited to be the Avfuel Network’s first SAF supply location in the eastern U.S. and look forward to seeing how this drives the industry overall.” Naples Aviation’s SAF delivery comes on the heels of a SAF supply agreement between Avfuel and Valero Marketing and Supply Company, a subsidiary of Valero Energy Corporation entered into this October. The neat SAF—produced by Diamond Green Diesel, a joint venture between a Valero affiliate and an affiliate of Darling Ingredients—is made using the HEFA SPK process, meaning it uses lipids— like used cooking oil—to produce the fuel, and can lower lifecycle GHG emissions by up to 80% when compared to conventional jet fuel. With target percentages of 30% neat SAF and 70% conventional jet fuel, this SAF can lower lifecycle GHG emissions by up to 24% when compared to conventional jet fuel.
COMMERCIAL REAL ESTATE
Vantage selected to construct Common Grounds Park Vantage Construction Services, a Florida commercial general contractor, was selected by the City of Fort Myers to construct Common Grounds Park in the heart of Downtown Fort Myers off of 1st Street. The elements for the park include permanent seating, a pet water fountain, and the ability to hold special events or temporary venders. The park will also incorporate decorative architecture, shaded green space
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with palms and plantings and we are keeping the mural along the Franklin Shops. The park will be finished and open to the public early 2025.. Vantage Construction Services is a client-focused general contracting company serving Southwest Florida providing consulting, pre-construction, general contracting, construction management and design-build services for commercial construction in Southwest Florida.
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JANUARY 2025
Southwest Florida BUSINESS TODAY ®
Page 15
COMMERCIAL REAL ESTATE
The Goddard School opening location in Estero in fall The Goddard School, a national early childhood education franchise, is set to open its first location in Estero in the fall of 2025, bringing the inquiry-based learning experience to area families. The Goddard School of Estero is the first location for owners Dave and Autumn Horell, who are partnering with experienced Goddard franchisees Matt and Dina Speranza, Scott and Kim Dimuzio and Mike Thompson, who respectively own several Goddard Schools in the greater Cleveland, Pittsburgh and Philadelphia regions. Located on Arcos Avenue, the 14,000-squarefoot early childhood education center will have 11 classrooms to provide care for and educate approximately 185 students. Additionally, the school will add 26 teaching jobs to the community. “Our goal is to create a safe, nurturing environment for local families in the greater Estero area who are seeking an exceptional early childhood education experience,” said Dave Horell. “We are excited to bring the Goddard experience to our community, where we are committed to fostering a lifelong love of learning and nurturing each child’s curiosity.” The new school will feature an indoor gymnasium with a rock wall, two outdoor classrooms and two turf playgrounds. Additionally, the school will be equipped with hospital-grade sanitization equipment to ensure a healthy environment. The Goddard School’s exclusive inquiry-based education program, Wonder of Learning, embraces how children learn best through their innate curiosity because research confirms when wonder leads,
Located on Arcos Avenue, the 14,000-square-foot early childhood education center will have 11 classrooms to provide care for and educate approximately 185 students. learning follows. Wonder of Learning features a With teacher-guided inquiry topics, children learn cutting-edge curriculum developed by a diversely about themselves and the world around them by exskilled group of educators, researchers, physicians ploring their interests, investigating concepts and and early childhood experts, as well as built-in as- asking questions. Wonder of Learning builds agesessment of academic and social-emotional prog- appropriate academic, social and emotional skills ress and family communication via a proprietary through curiosity, collaboration, investigation and app. discovery. The program also incorporates STEAM Inquiry-based learning, which guides the Wonder enrichment activities, including yoga, art, music and of Learning curriculum, is a teaching and learning outdoor play that embed concepts such as commuapproach that focuses on the natural curiosity and nity, design thinking, communication and critical sense of wonder children bring into the classroom. thinking.
Work Opportunity Tax Credit incentivizes stable workforce
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The Work Opportunity Tax Credit (WOTC) is a federal tax credit that offers a financial incentive to employers and plays a pivotal role in promoting a stable workforce. WOTC at work When you invest in individuals from specific groups — such as the long-term unemployed, Supplemental Nutrition Assistance Program recipients, or designated community residents — you can reduce your federal tax liability by up to $9,600 per eligible employee. Taking advantage of tax credits like WOTC can be a full-time job. Watch our short WOTC video to see how CLA can help you identify eligible employees, collect supporting information, submit the required tax forms, and compute the dollar amount of the credit. Claiming the Work Opportunity Tax Credit WOTC eligible groups: long-term unemployment recipients (27 consecutive weeks or more); short-term temporary assistance for needy families (TANF); qualified veteran (discharged from active duty within one year of hire date); disabled veteran; unemployed disabled veteran; unemployed veteran (four weeks); unemployed veteran (six months); qualified ex-felon; designated resident of a rural renewal county or empowerment zone (EZ); vocational rehabilitation referral; food stamp recipient (SNAP); supplemental security income (SSI) recipient; long-term family assistance recipient; and summer youth employee. WOTC qualifications: temporary, seasonal, part-time, and full-time workers who put in a minimum of 120 hours in their first 12 months of employment; new employees who have not worked for the hiring employer at any other time; any job type is acceptable WOTC entity requirements: for-profit businesses of any size qualify; tax-exempt organizations qualify for the veteran target groups only, and can get a refund of payments made on Form 941 CliftonLarsonAllen is a Minnesota, with more than 130 locations across the United States. If you have questions regarding individual license information, please contact webmaster@ claconnect.com.
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Southwest Florida BUSINESS TODAY ®
JANUARY 2025
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