Jaunary 2024 Southwest Florida Business Today

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® Celebrating 17 Years

SOUTHWEST FLORIDA’S B2B MARKETPLACE • 239-573-9732 Vol. 17, No. 3 / JANUARY 2024 www.swfloridabusinesstoday.com

Distributed in Fort Myers, Cape Coral, Estero, Bonita Springs and Naples

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Talmage offers post-Ian economic update

COMMERCIAL REAL ESTATE MAR Special to Karen P. Moore, Publisher

Lee County Economic Development Director John Talmage recently shared current information regarding post-Ian tourism impact and overall jobs recovery in Lee County. He first addressed the biggest negative impact on Lee County’s economy. “Well, there’s two aspects of this. From the county revenue side, our bed tax collection is down 40% still. And that just won’t recover until the num-

ber of short-term rentals and a lot of opportunities return. So that’s a rebuild issue, though.” Then he noted the second aspect, which includes some positive recovery news on the tourism side. Talmage “We set some historical numbers, you know, two years ago: we brought in $65 million of bed

tax that year,” Talmage said. “Now we’re just 14% down from where we were in 2019. So really from a long-term trend, we’ve almost gotten back to where we were in 2019. But we’re nowhere near where we were towards the high end of our collection period, which is 2022 or 2021. A lot of this is because the higherend properties on Sanibel and Captiva aren’t back yet: South Seas, Casa Ybel, Sundial.”

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 Hurricane Ian recovery.

UPDATE See page 15

PET PROJECT

Save the Date

Coming Wednesday, April 17 through Friday, April 19, 2024, the 37th annual international Edison Awards, honoring innovation and innovators who create positive impact in the world, will be held in Fort Myers. For more information, visit www.edisonawards.com . Sign with us,

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Brady Photos by Christine trade to the Southof international about the importance Development offices. Buqueras talks Economic Director Carlos the Lee County first-ever stop at Port Manatee Executive during the Port’s west Florida market

visit Fort an businesses South Americ

Estate Commercial Real 8-page pullout

A comprehensive a quarterly Southsection that is Real Eswest Florida Commercial

IN THE NEWS

to

Dave Gammon elevated Charlotte EDO director

Myers

Special to SWFBT

tate market overview.

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 to excited is He like developments several existing page 19

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 opportunity a and Tampa for one day the 2019 Global Bradenton/Sarasot 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, artisanal Guatemala, apparel, El Salvador, food, coffee, fruits, cooking systems featured wine, snack and state-of-the-art to County industry merchandise companies showcases Lee founded as part of Port Manatee, during the summit. An expo-style summit from seven nations Trade Hub at in Florida and leaders visiting markets Summit. The International International Trade advice and business as a vital link between provides expert See page 6 the second annual in 2014, serves world. The hub TRADE throughout the

NEURS

SALUTE TO ENTREPRE 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 Certified Intermediary, Certified certified equipment International Business 6 and Board 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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SOUTHWEST FLORIDA’S B2B MARKETPLACE • 239-573-9732 Vol. 12 No. 11 / SEPTEMBER 2019 www.swfloridabusinesstoday.com

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Hoffmann Family buys Hertz Arena, Everblades

INSIDE THIS ISSUE

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

Focus on Manufacturing

Area companies are building a better future — one made right here in Southwest Florida.

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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HOT CROP Commercial Real Estate

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 9 Collier County Commission Wire 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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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 Entrepreneurship . among them: finding plans that solved problems Students common clothes on a budget; centric finances; handling studentñera; and findinggetting better sleep; planning a 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 Entrepreneurshi for in Im- spoke during the event. Smart Companies the presentations were: Brian p, Rist, Smart Companies executive chairman; Sofia Blanno, The 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 of $500 each went in Immokalee. items at a Shop team of Neika to the Swap & MentorUs, an Exulus, Jessica app that encourages Daisy Montanez Sales, Alondra students to make and Ailynee Ramirez. Estrada, smart financial decisions, 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 Diversi ty Committee

SHARK See page

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 the answer to that question was no, we are trying to be at that moment Fort Myers Mayor derson felt inspired Hen- residents representative of our city’s Randy Henand community derson has known a team. Ndiang’ui to create just such have diversity if we Florida Gulf wanted to make Coast University on the council don’t sure the Mayor itself.” She 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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Suffolk shared new pathways for careers in construction to help students gain success and financial independence with well-paying, in-demand professional careers in construction. Suffolk presented Spot (affectionately known as “Spot the Robot Dog”), a robot built by Boston Dynamics and used by Suffolk for site documentation purposes.

Immokalee students see robot, AI in construction

During the “Business, Construction and Engineering Career Pathway” event presented by the Immokalee Foundation on Dec. 7, Suffolk leaders educated high school students about careers in construction and STEM-related jobs that go beyond swinging hammers. Suffolk presented “Spot the Robot Dog,” a robot built by Boston Dynamics and used by Suffolk for site documentation purposes. The robot is programmed to walk Suffolk’s job sites and complete image capturing and laser scanning capabilities that allow teams to better understand and visualize sites in a safer, more efficient way. Suffolk is one of the only general contractors in the country that owns this robot and uses it on job sites. ROBOT See page 15

IMPORTANT BUSINESS NOTES

IN THE NEWS Fort Myers area tops in over-theyear job growth rate in state

FloridaCommerce announced that, for the third month in a row, the Fort Myers area had the fastest over-the-year job growth rate compared to all metro areas in the state in professional and business services at 11.2%. The Fort Myers area labor force grew by 12,942 over the year in October, a 3.4% increase, and the Naples area labor force

increased by 2,486 over the year, a 1.3% increase. The Fort Myers area, one of the most impacted areas by Hurricane Ian, saw a 0.9 percentage point decrease in its unemployment rate over the year, at 3.2% in October. The Naples area, also heavily impacted by Hurricane Ian, had a 3.1% unemployment rate in October, a 0.1 percentage point increase over the year.

JOBS See page 2

 SWFBT News Update To get current business news throughout the business day, visit www.swfloridabusinesstoday.com.  Moore About Business Kick off your business week with “Moore About Business”! Tune in to SWFL PBS and National Public Radio (NPR) affiliate, WGCU radio at 90.1 FM, during Morning Edition and All Things Considered to hear SWFBT founder, owner and publisher Karen P. Moore share information and insights

for and about our local business community. Listen to past segments at https://news. wgcu.org/tags/moore-about-business  WANT SOME EXTRA CASH? Seeking part-time 1099 drivers for SWFBT’s Naples, Cape Coral & Estero routes. Work only 2-3 business days/ month from 8:30 a.m. to 5 p.m. Access to a computer and computer printer, and knowledge of Excel preferred. Call Karen at (239) 770-7527 or email publisher@ swfloridabusinesstoday.com

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