Business success stories - Volusia/Flagler Business Report

Transcription

■ Focus on: BUSINESS SUCCESS GUIDE, pages 10-13
Brendan Hurley, owner
of Hurley Chrysler Jeep
Dodge in DeLand.
April 30, 2010
Business
success
stories:
Areabusiness
businessowners,
owners,entrepreneurs
entrepreneursshare
share
Area
talesof
ofovercoming
overcomingobstacles
obstacles…
…Page
Page10
10
tales
Inside:
Editor’s Notebook:
Bright spots: Manufacturers that are looking to grow, not downsize … Page 4
The lending crisis:
Banker offers suggestions on how to truly
spur commercial lending … Page 5
Real Estate Roundup:
Despite recession, some developers
preparing sites for new projects … Page 8
PRSRT STD
U.S. POSTAGE
PAID
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2 April 30, 2010
Volusia/Flagler Business Report
0000870661
CALL ANY ONE OF
OUR ADVISORS TODAY
386.255.0519
Sidney Levine, CLU, AEP
David Graffagnino, CLU, ChFC
Joseph DeRosa, CLU, ChFC
Carleton Jones
Jon Xynidis
WWW.EXCG.COM
T HE EXECUTIVE C OMPENSATION GROUP, LLC
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where you want to be. That isn’t just smart, it’s wise.
April 30, 2010 3
0000869854
ON THE COVER: Business Success Stories: Area
business owners, entrepreneurs share tales of overcoming obstacles. Pictured: Brendan Hurley, owner
of Hurley Chrysler Jeep Dodge in DeLand.
■ Focus on: BUSINESS SUCCESS GUIDE, pages 10-13
Brendan Hurley,
owner of Hurley
Chrysler Jeep
Dodge in DeLand.
April 30, 2010
See story on page 10.
Photo: Peter Bauer
Business
Success
Stories:
Areabusiness
businessowners,
owners,entrepreneurs
entrepreneursshare
share
Area
talesof
ofovercoming
overcomingobstacles
obstacles…
…Page
Page10
10
tales
Inside:
Editor’s Notebook:
Bright spots: Manufacturers that are
looking to grow, not downsize … Page 4
INSIDE:
The lending crisis:
Banker offers suggestions on how to truly
spur commercial lending … Page 5
Real Estate Roundup:
Despite recession, some developers
preparing sites for new projects … Page 8
Economic bright spots: Local manufacturers that are looking to grow,
not downsize (Editor’s Notebook) ..........................................................................................Page 4
The lending crisis: Banker offers suggestions on how to truly spur commercial
lending (Guest Commentary) ....................................................................................................Page 5
People on the Move ........................................................................................................................Page 6
Briefs ......................................................................................................................................................Page 6
Laying the groundwork: Despite recession, some developers preparing sites
for new commercial projects (Real Estate Roundup) ....................................................Page 8
Calendar of upcoming local business events............................................................Pages 14, 15
Focus: Business Success Guide
Business success stories: Area business owners, entrepreneurs share tales
of overcoming obstacles..............................................................................................................Page 10
Ready to lend a hand: Guide to some of the resources available for area
businesses and entrepreneurs ..................................................................................................Page 12
Connecting Business to Business
April 30, 2010
Copyright © 2010 Halifax Media Acquisition LLC
c/o Daytona Beach News-Journal
P.O. Box 2831, Daytona Beach, FL 32120-2831
Phone: 386-681-2470
E-mail:
[email protected] for editorial submissions
[email protected] or call 386-681-2365 for advertising inquiries
Web site: www.vfbr.com
Senior Editor: Clayton Park
Reporter: Chris Anderson
Art Director: John Klipfel
Photographers: Chris Anderson, Peter Bauer, David Massey, Clayton Park
The Volusia/Flagler Business Report is published every other Friday. Press releases, calendar items and letters to the editor
should be e-mailed to [email protected]. People on the Move announcements should be limited to 50 words and accompanied by
a photograph (head shot only; 300 dpi preferred). Calendar items should be submitted 30 days in advance of the event.
Last call for submitting
“Influential Women in Business” nominations
The next edition of the Volusia/Flagler Business Report will be published May 21 and will feature
winners of the Business Report’s fifth annual “Influential Women in Business” awards. The honor
recognizes outstanding women in the Volusia-Flagler area for their achievements and examples of
leadership, both professionally as well as in terms of their involvement in the community. The
Business Report staff will make the final selections based on nominations submitted by readers.
The deadline for submitting nominations is 5 p.m., Monday, May, 7. Nomination forms can be
found on the Business Report’s website, www.vfbr.com. For more information, call 386-681-2470.
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Daytona Beach
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4 April 30, 2010
Photos: Clayton Park
Opinions
Mark Andrews, president of Hudson Technologies.
Mischelle Romesberg, plant director, Playtex Manufacturing in Ormond Beach.
Economic bright spots:
Local manufacturers that are actually growing, not downsizing
I
n this Great Recession, it can be a
challenge to find bright spots in the local
economy, with the area’s jobless rate in
double-digits and many employers forced to
trim staff and seek other ways to cut costs in
order to stay in business.
But bright spots, in fact, do exist.
I got to see some with my own eyes when
I recently accompanied Joe Mannarino, economic development director for Ormond
Beach, on a tour of four manufacturers in his
city that are growing, not shrinking.
The following is
a recap of my visit to
two of those plants:
Hudson Technologies
and the Playtex
Manufacturing plant
formerly known as
Hawaiian Tropic.
Both are located along
Mannarino
US Highway 1.
I will report on the other two manufacturers in my column next issue.
Hudson Technologies
We began our tour by stopping by the
Hudson Technologies plant at 1327 N. US
Highway 1, where president Mark Andrews
said: “Business couldn’t be better.”
While his company did experience a
dip in revenues early last year, Andrews said
orders from medical device makers
helped offset declines in business from
other customers.
Clayton
Park
Editor’s Notebook
Since then, bolstered by a gradual
rebound in orders from some of its other
customers, overall sales at Hudson have
steadily improved, prompting the plant to
add 30 workers since October. The plant
now employs 230 people.
Hudson produces precision metal cases
and stampings for a wide range of
customers, including aviation and aerospace
companies, semi-conductor manufacturers
and auto makers.
Andrews said his company benefited,
albeit indirectly, from the federal economic
stimulus package approved last year, which
boosted spending by the military. “Every aircraft has couple hundred to 300 of our products,” he said, adding that Hudson also
makes products for NASA.
Andrews said his chief concerns these
days include finding enough skilled workers
to fill jobs as his company continues to expand its work force and recruiting the next
generation of toolmakers to step in when
many of Hudson’s existing employees
eventually retire. Many are in their 50s and
60s, he said.
Hudson and another area manufacturer
are working with the Center for Business
Excellence to explore the possibility of
relaunching an apprentice training program
at Daytona State College’s Advanced
Technology Center, said Andrews.
A tax abatement from the city that the Hudson plant received a couple years ago for “going
green” also has helped, said Andrews. While the
monetary value of that tax abatement was relatively modest, the city’s action was viewed by
Hudson’s parent company, Grand Haven, Mich.based JSJ Corp., as symbolic of its willingness
to work with area employers.
As a result, JSJ decided to keep the
Hudson plant in Ormond Beach, as opposed
to relocating its operations to Michigan,
said Andrews.
Playtex Manufacturing
Our next stop was the Playtex Manufacturing plant, formerly known as the
headquarters for Hawaiian Tropic, at 1190
N. US Highway 1.
There we were greeted by plant director
Mischelle Romesberg, who oversees a yearround work force of about 250 people, a
number that swells during the months
of December through April, the peak
production period for suncare products.
Those products include both Energizer/
Playtex’s Hawaiian Tropic and Banana Boat
lines as well as products made for some private-label customers.
When the Ormond Beach-based Hawaiian Tropic company was sold in early 2007 to
Playtex Corp., the new owners initially con-
templated closing the plant and outsourcing
production as it was doing for Banana Boat.
Quick intervention by Mannarino, who
met with Playtex officials to explain the advantages of keeping the Ormond Beach plant
open, caused them to put those plans on
hold. The subsequent sale of Playtex to
Energizer later that year required Mannarino
to repeat that process with yet another new
ownership team.
After some initial staff reductions at the
Ormond Beach plant, Energizer/Playtex is
now looking to increase, not cut back,
production here, said Romesberg. The plant
recently began a three-year program to
modernize the plant’s aging facilities.
The plant houses an on-site researchand-development team, which is constantly
working on new suncare products, said
Romesberg.
The possibility also exists that the plant
could someday start producing non-suncare
products for Energizer’s personal care
division as well, said Romesberg.
For the record: the company’s Ormond
Beach plant should no longer be called
Hawaiian Tropic because, as Romesberg
explained: “We don’t only make Hawaiian
Tropic now.”
Lest longtime locals fret about the loss of
an iconic local brand, not to worry. The
Hawaiian Tropic brand name, Romesberg
assured me, is here to stay.
■
Clayton Park can be reached at [email protected] or at 386-681-2470.
April 30, 2010 5
0000870579
The lending crisis:
What needs to happen for banks to start
lending to businesses again
W
hy are banks not lending to the
business community?
I recently had the honor to speak before
the Congressional Financial Services Committee and the Small Business Committee in
Washington, D.C., to address that question.
There is a great concern on both sides of
the congressional aisle that the business
community is not getting access to credit
from the banking community.
Small businesses create over 60 percent
of the jobs in this country. While indications
are that the national recession is over, job
creation typically lags the economic turnaround. With the national unemployment
rate, as of March, at 9.7 percent and the jobless rate for the Volusia-Flagler area at 13.4
percent (as of February), it is imperative that
small businesses have access to credit so
they can expand and create jobs.
Community banks make up 11 percent of
the financial services industry, but make 38
percent of all small business loans nationally.
The Congressional committee members
I met on Feb. 26 — both Democrat and Republican — were eager to discuss ways to
improve the current lending environment
to enhance job creation and economic
recovery.
They also expressed concerns that the
commercial real estate market could suffer a
significant downturn if banks were not renewing upcoming loan maturities.
Nationally, there is $1.4 trillion in commercial credit that will mature by 2013. If
banks are unwilling to renew these credits, a
serious down turn in the commercial real estate sector could be the result and force the
economy back into recession.
So why are small businesses not obtaining credits?
As a community banker, I can assure you
banks want to lend — that is how we make
our money.
The two primary reasons credit is not
flowing are economic and regulatory.
Economic obstacles
The economic environment has created
two problems for the small business
community.
First, businesses have suffered
significant deterioration of their financial
statements. The recession we are now
experiencing is the worst since the Great
Depression with businesses losing significant dollars, having negative cash flows and
depleted cash reserves. They are being
forced to draw down on existing credit lines,
which has increased their debt load.
David
Bridgeman
Guest Commentary
GEOTHERMAL
LOOP INSTALLERS
When a bank looks at a business that has
experienced this type of financial deterioration, prudent lending standards prevent that
business from obtaining credit.
Secondly, businesses that have maintained good financials during this period are
still skeptical that the economic recovery
can be sustained and are concerned about
governmental issues such as health care and
taxation impacting their businesses. Many
choose to not seek credit or expand until a
more stable economy can emerge and until
the governmental environment can strike a
more business-friendly posture.
Regulatory obstacles
The second primary reason community
banks are not lending to businesses as much
as they would like is the regulatory environment. The financial crisis started on Wall
Street with the banks that were supposedly
“too big to fail.”
The results of the excessive risk-taking
by the big national banks have rippled
through the entire financial system and are
now negatively impacting community banks.
The residential real estate market
plunged simultaneously with the financial
markets and now commercial real estate has
declined. In Florida, the commercial real
estate market is down 30 percent.
Commercial real estate lending has been
one of the main focuses of community bank
lending for decades. With this drastic
decline in values, all community banks are
being stressed.
Federal regulators were criticized early
in the financial crisis by Congress and the
U.S. General Accounting Office for not
adequately and promptly responding to
problem banks.
As a result, banking regulators now have
taken a harsh approach toward community
banks. Their current approach has been
considered overzealous by the banking
community and several members of
Congress. They are now imposing
unofficially higher capital requirements on
community banks and higher loan loss reserve balances, both of which result in reducing community banks ability to make
loans to small businesses.
See BRIDGEMAN p. 15
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6 April 30, 2010
People on the Move
Gallon
Dalecki
Banking/Finance
Faron Gallon has joined Morgan Stanley
Smith Barney in Ormond Beach as
a financial adviser. Gallon previously was
a financial sales consultant with PNC Bank
in Ormond Beach.
Warriner
Sharon Warriner has joined Northeast
Florida Health Services Inc. (which
does business as “Family Health Source”)
in Pierson as administrative services
manager. Warriner previously was
communications manager for the
Center for Business Excellence in Daytona
Beach.
Kennedy
Johnson
Real Estate
Tina Johnson has joined Weichert
Realtors Hallmark Properties in Port Orange
as an agent. Johnson previously was an agent
with Gaff ’s Realty in Port Orange.
Dehlinger
Lynn Dehlinger, economic development
director of the City of Holly Hill,
has been elected co-chairperson of
the International Council of Shopping
Centers’ Florida Alliance Public Sector
chapter.
■
How to submit items:
Marketing/Public Relations
Nonprofits
Cindy Dalecki has launched an Ormondby-the-Sea-based social media marketing
firm called Marketing 2 Go. Dalecki
previously was an account executive with
the News-Journal in Daytona Beach.
Volusia Flagler Family YMCA has
promoted Lauren Kennedy from executive
vice president of human resources to chief
operating officer.
The Business Report welcomes submissions of announcements about your company’s recent new hires,
staff promotions and industry and/or community awards. E-mail announcements and photographs (individual
headshots only; 300 dpi preferred) to [email protected]. People on the Move announcements should include name
and new title of the person, the company’s name, and the city where that person works or will work. Please include the person’s previous company and title.
Briefs
Kersey to take over as Daytona
CVB chief May 24
Janet Kersey finally got her dream job — for
the second time in three months.
After initially selecting Kersey in February to
succeed the retiring Sharon Mock as president
and CEO of the Daytona Beach Area Convention
and Visitors Bureau, the Halifax Area Advertising Authority board was
instructed by the Volusia
County Council to put its
selection on hold.
The council, which
oversees the ad authority,
asked for a review of
whether the board acted
appropriately in its deciKersey
sion to promote from
within the bureau’s staff to fill Mock’s position
as opposed to conducting a national candidate
search.
Now that a review of that selection process
has been completed, the board on April 22
voted unanimously to reconfirm Kersey as
Mock’s successor.
The council’s call for reviewing the candidate selection process was about whether the
board had acted prudently, not about whether
Kersey was qualified for the job, said Mock.
Kersey, who begins her new job as bureau
chief on May 24, has been a member of the CVB
staff for 20 years, including the past five as
executive vice president and chief operating
officer.
Kersey is best known for creating the
annual Biketoberfest event, which draws an estimated 125,000-plus visitors to the area each
fall.
Over the years, Kersey
has produced several
award-winning
special
events, all designed to
attract tourists to the area.
She has also earned certifications in destination and
event management from
several organizations inMock
cluding Destination Marketing Association International, International
Festivals & Events Association Foundation,
Florida Association of Convention & Visitors Bureaus, and Florida Festivals & Events Association. Kersey also oversees Film Daytona Beach,
an organization that works with television and
movie crews interested in shooting scenes in the
greater Daytona area.
“I am both honored and thrilled to accept
this position,” said Kersey of her reconfirmation
as the bureau’s next CEO. “With tourism pump-
ing more than $4.8 billion annually into our
community, I fully understand how important it
is to keep our local tourism effort strong, and I
am fiercely committed to growing our market
presence in the future.”
Mock, 66, is retiring May 21 after having led
the CVB staff the past 22 years. The longtime
Ormond Beach resident said she intends to
remain active in the community.
Exit Ocean Waters,
enter Inner Circle
Ocean Waters Management, the largest operator of hotels in the Volusia-Flagler area, recently confirmed that the 17 hotels it manages
will be taken over by Orlando-based Inner Circle
Management, effective May 1.
The transferring of hotel properties effectively dissolves Ocean Waters and brings an end
to the Chapter 11 and post-bankruptcy proceedings for the Daytona Beach-based company,
said Ocean Waters spokesman Tim Stockman.
Inner Circle, whose corporate offices are at
6515 International Drive in Orlando, manages
hotels in Orlando as well as in Cocoa Beach. The
company’s three managing partners are all former Ocean Waters executives: Joseph Gillespie,
Kent Hricko and Stephen Nalley.
Gillespie cofounded Ocean Waters and be-
came its president when the company exited
Chapter 11 bankruptcy protection last year (a
move that coincided with the departure from
the company cofounder Charles Bray). Hricko
was Ocean Waters’ senior vice president of finance and real estate. Nalley was chief operating officer and chair of
Ocean Waters’ executive
committee.
The addition of Ocean
Waters’ 450-plus employees
will boost Inner Circle’s work
force to more than 730
people, said Stockman.
Gillespie
“Inner Circle does not anticipate any major turnover of employees,” said
Stockman, who added that the company is
“completely different” from Ocean Waters, with
a “different philosophy, management style and
mission.”
Inner Circle, Stockman said, is a real estate,
investment and management company whose
primary business model is “sourcing capital,
underwriting, third-party acquisitions and the
asset management of third-party hotels and resorts.” Ocean Waters was both a developer and
operator of hotels and resorts.
The Daytona area hotels Inner Circle will
See BRIEFS p. 9
April 30, 2010 7
0000870663
0000870664
Our Top Ten
Recent Successes
We want to be
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partner when
it comes to
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protection.
Contact us
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Insurance Company. We’ll take
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Look for New
Notable
Successes
1
2
3
Our Action
Our Results
Reviewed 3 business owner’s OLD
workers comp policies. Our experience
tells us that 2 of 3 businesses have overcharges in their workers comp policies
(3 of 4 in construction). The policies
reviewed were OLD policies.
One business was done correctly. NOTE:
this business missed a significant savings
because they came to us after the time
limit to correct the overcharge had expired.
We found overcharges averaging 14% on
the other 2 businesses. Imagine getting a
lump sum of thousands of dollars on dead
policies. These businesses were thrilled!
We were asked to look at a claim that
had been denied by a prospect. We did
not have this client’s business. This was
a pollution claim which are almost
always excluded. We did an exhaustive
policy review of this business’ policies.
We found that the adjuster had applied
an inapplicable exclusion. We notified
the company; they reviewed our analysis
and agreed that they made an error. The
business owner received $7,000 from the
company on a claim that was denied 2
year earlier! The business owner was so
impressed that we now have all his business.
Local non-profit felt there was something wrong with their workers comp
audit. We did a review of their audit.
We found 2 overcharges resulting in a
$6,000 check to this non-profit business.
The insurance company’s errors included
failure to follow Florida workers comp
rules, which we corrected.
Existing client had a vehicle stolen.
Company denied the claim.
We intervened.
Our review indicated the company relied
on an exclusion that was not applicable.
The client was then paid based on our
review, but received less than what we
expected. We reviewed the claim again
and discovered that the company made
in incorrect deduction. We went back to
the company and showed them their
error which gave the insured an additional $2,500.
High Net Worth client asked us to review
all their personal insurance because the
only people from his agency they ever saw
were company inspectors.
We found that there was no wind or theft
coverage on his home, nor did they have
any coverage for their extensive collections. We saved them over $3,000. They
became client and asked us to take over
their business insurance also.
High Net Worth client asked us to review
their home and boat.
We already insured their business for them
and their trust in us was reconfirmed when
we improved their coverage and saved them
over $5,000!
Cable contractor came to us after their
workers comp was cancelled. $100,000
premium was going to $400,000.
Employer would have to go out of business.
Reviewed general contractor’s liability
coverage.
Set up program to reduce workers comp
experience mod. Program included hiring
training, return to work and supervisor
training
Reviewed contractor’s workers comp policy.
Corrected experience modification factor.
Reviewed claims with insurer, focused
on changes we had suggested. Insurer
accepted the employer and the
business was saved! Literally.
4
5
6
7
8
9
10
11
We ALWAYS put YOUR interests
ahead of ours
Prospect became client and saved $28,000
Prospect became client and
mod went from 1.24 to
.94. $75,000 saved over
3 years.
Client received $39,000+
refund
Let us show you
what we can do
for You
and Your business
Other Coverage Offered:
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• Workers’ Comp
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• Employee Leasing
• Garage Liability
Ormond Beach (386) 677-4787
Palm Coast (386) 446-3426
www.EastCoastInsurors.com
President of East Coast Insurors
is a certified WorkComp Advisor.
8 April 30, 2010
Laying the groundwork:
Despite recession, some developers preparing sites for new commercial projects
W
100
100
E. Moody Blvd.
Flagler Beach
two sites from Halifax Health for $3.5 million.
Halifax, the Volusia-Flagler area’s largest hospital system, originally bought the two sites
in addition to 197 surrounding acres from
Consolidated-Tomoka for $15.5 million in
2003. Halifax’s plans, at the time, called for
building a hospital campus that would eventually replace the existing campus for its flagship hospital, Halifax Health Medical Center,
on the northeast corner of Clyde Morris
Boulevard and International Speedway
Boulevard.
The 2003 land sale agreement gave Consolidated-Tomoka the right to buy the land
back at the same price if Halifax failed to begin construction of a new hospital facility
there by the end of 2008.
Halifax ultimately decided to scrap its
plans for a new hospital campus. It proceeded instead with expanding Halifax Health
Medical Center’s existing campus, a project
that was completed last year.
As of press time, Halifax continues to
shop the remaining 197 acres of undeveloped
land it acquired from Consolidated-Tomoka
to prospective buyers, Halifax spokeswoman
Salina Wang confirmed.
■
Chris Anderson can be reached at
[email protected] or 386-681-2224.
95
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Pirillo said his clients plan to wait a
couple of years to see what happens with
the commercial real estate market before
deciding what to do with the land.
The site is permitted to develop more
than 300,000 square feet of mixed-use space,
Butera said.
Meanwhile, in Daytona Beach, Consolidated-Tomoka Land Co. recently began clearing two parcels of commercial land it owns
along LPGA Boulevard.
One is a 20-acre parcel at the southeast
corner of the intersection of LPGA and
Williamson boulevards. The other is a 13-acre
lot at the southwest corner of LPGA and
Clyde Morris boulevards.
Officials with Daytona Beach-based
Consolidated-Tomoka did not return the
Business Report’s telephone calls seeking
comment.
The company in December bought those
Bill France
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clear just one of three planned shovel-ready
lots in the business park’s proposed secondphase expansion.
“We have had several developers interested in the lot and since it is hard to visualize the site with all the trees, we decided to
go ahead with the site work to help showcase
the lot,” said Marilyn Parker, a spokeswoman
for Palm Coast Holdings.
No buildings have been built as of yet at
the proposed business park. All 12 of the lots
in the proposed initial phase of development
remain for sale.
The project’s developers remain hopeful
that the business park will get built at
some point.
“The recession will end eventually, and
we’ll be ready to sell lots that are in a great location near the Town Center and airport,”
said David Lusby, vice president of Palm
Coast Holdings.
The lots at Airport Commerce Center
range in size from three to nine acres, and
run in price from $75,000 to $250,000.
Elsewhere in Palm Coast, a Coral Gablesbased company recently bought a 46-acre future development site.
Gold Royal Asset LLC paid $4 million to
Colbert Lane LLC of Ormond Beach for the
undeveloped commercial property near
the intersection of Colbert Lane and
Atlantic
Ocean
A1A
lb e
Rd.
ings
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Center
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Real Estate Roundup
Co
100
Flagler County Airport
Chris
Anderson
State Road 100.
Commercial real estate agents Chris
Butera and Paul Partyka of NAI Realvest represented the seller. Guy Pirillo, an agent with
Courtyard Realty in Palm Coast, represented
the buyer.
Rd.
ings
Old K
Palm Coast
Photo: Chris Anderson
Palm Coast Holdings recently began clearing land at its proposed Airport Commerce Center property near Flagler County Airport.
gs Rd.
Old Kin
hile the overall commercial real estate
market in the Volusia-Flagler area
continues to languish, some area developers
are already working on laying the groundwork for future projects in anticipation for
the local economy’s eventual recovery.
Claude Gardner, owner/broker of Prudential Commercial Real Estate in Daytona
Beach, said it’s possible some area developers are hoping to get a jump on the competition by preparing their project sites now as
opposed to waiting until market conditions
improve.
It’s also possible that some developers
are clearing potential development sites, not
necessarily because they themselves intend
to build, but because they are hoping to draw
attention to the properties in hopes of finding buyers, said Gardner.
“I’ve advised clients to do it in the past,”
said Gardner.
Dwight Selby, owner/broker of Selby Realty in Ormond Beach, said a cleared parcel
gives prospective buyers a better picture of
what could be built on it.
That’s exactly what Palm Coast Holdings
Inc. officials intend to do with a potential
business park property they own in
Flagler County.
The company, a subsidiary of Duluth,
Minn.-based Allete Inc., recently began clearing land for the second development phase
of its planned Airport Commerce Center
business park.
The second phase would add 10 acres to
the existing 60-acre development site.
The Airport Commerce Center property
is on the west side of Seminole Woods
Boulevard, south of State Road 100, in Palm
Coast. The planned business park would be
just east of Flagler County Airport.
Palm Coast Holdings, for now, plans to
April 30, 2010 9
0000869687 PDFA
take over from Ocean Waters include The Plaza
Resort & Spa, the La Playa, the Plaza Ocean Club
and the Acapulco.
A for-lease/for-sale sign recently went up for
Ocean Waters’ now-vacated headquarters at 501
North Atlantic Ave. The 10,908-square-foot
former CVS drugstore building is being marketed
as space that could be used for either office or
retail. The listing agent is Tom Corso of Charles
Wayne Properties.
Area nonprofit adopts new dba
Northeast Florida Health Services Inc. recently announced it will do business as “Family
House Source,” beginning May 1.
The Pierson-based
nonprofit is retaining
its official name for legal purposes, but decided to adopt a new
dba because “as
Northeast
Florida
Health Services, we
were continuously associated with the local
Wilkes
Health Planning Council and it sounded as though our administrative
operations were out of our service area,” said
Max Tyus, the agency’s chairman. “We wanted
a public face that would reflect our healthcare
mission.”
Kathy Wilkes, Northeast Florida Health Services CEO, described that mission as an operator
of community health centers to help patients
“improve and maintain wellness, especially patients with chronic conditions, and to reduce the
primary care-related impact on (area hospital)
emergency rooms.”
The agency operates Family Health Source
medical centers in DeLand, Deltona and Pierson.
It employs 30 medical, administrative and health
support staff and services approximately 25,000
primary care office visits annually.
Staffing firm moves
to South Daytona
TRC Staffing Services recently moved its
Volusia-Flagler area office
to a 1,250-square-foot
space at 667-A Beville
Road in South Daytona.
The firm previously
operated for nearly two
years in a shared office
space at the Cornerstone
office complex along
LPGA Boulevard in
Nicolosi
Daytona Beach.
Joe Nicolosi, the TRC franchise owner for
this region, said an increase in business prompted the move to a larger, dedicated space for his
Daytona office. The Jacksonville resident also
operates TRC offices in Melbourne and Orlando.
Nicolosi previously was a franchise
owner of Norrell temporary staffing offices in
South Daytona and DeLand. He sold those businesses to retire in 1999, but “unretired” five years
ago when he opened the TRC office in
Brevard County.
Nicolosi runs the South Daytona office with
client service specialist Elyse Hinson. He said he
expects to add more employees in the coming
months.
Nicolosi said his clients locally include light
manufacturers and medical businesses.
May 6 looms as big decision day
for Metro Daytona-Volusia EDC
The Volusia County Council at its May 6
meeting could decide the fate of a proposed
economic development group that is seeking to
become the new leader of countywide efforts to
recruit and retain key employers.
Organizers of the proposed Metro DaytonaVolusia Economic Development Corp. are asking
the county for a financial commitment of more
than $1 million over the next three years.
The organization is seeking from the county
an investment of $185,415 in its current
fiscal year, which ends Sept. 30, $375,000
in the county’s fiscal 2011, and $500,000
in fiscal 2012, according to a working draft
of the group’s business plan obtained by the
Business Report.
Sam Goodwin, the organization’s director of
business development, confirmed those figures.
The group will make its presentation to the
council in a meeting that will be held in the
council chambers in DeLand, beginning at
9 a.m. Goodwin said his group expects
the council to make its decision at
that meeting.
The organization also is seeking three-year
pledges of financial support from local
cities as well as investments from private-sector
sources.
The Metro Daytona-Volusia Economic
Development Corp. has already received “CEO
Cabinet”-level pledges of $100,000 a year for the
next three years from four prominent area businesses — Brown & Brown, International Speedway Corp., Florida Hospital Memorial System and
Consolidated-Tomoka Land Co., with pledges
from two more major private-sector contributors
also possibly coming, said Goodwin.
But there’s a catch: those pledges are
contingent on the organization’s ability to secure
financial support from the county and other
public-sector sources, confirmed Goodwin.
Goodwin said his group has no “Plan B,”
should the county pass on becoming an investor.
For more information about the Metro
Daytona-Volusia Economic Development
Corp., contact president George Mirabal
at 386-523-3678 or e-mail him at
[email protected].
■
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BRIEFS from p. 6
10 April 30, 2010
Business success stories:
Area business owners, entrepreneurs share tales of overcoming obstacles
By Chris Anderson
Business Report Staff
B
usiness success rarely comes easy.
Starting a business can be a perilous
journey fraught with risk.
Keeping a business going, once it has
been established, can also be a challenge, as
new problems can pop up, sometimes
without warning.
We recently asked some Volusia-Flagler
area business owners and entrepreneurs to
share stories of obstacles they have
encountered and how they managed to
overcome them.
Here’s what they said:
Raising capital in hard times
Hurley Chrysler Jeep in DeLand saw an
opportunity to expand its product line and
customer base last year when a nearby
competing dealership, DeLand Dodge Kia,
made the decision to stop carrying
Dodge vehicles.
The challenge Hurley Chrysler Jeep
owner Brendan Hurley faced was trying to
raise the capital needed to meet the
demands of adding a third vehicle line.
Those demands included the need to
expand the dealership’s car lot, build a bigger
showroom, purchase the tools and
equipment needed to be able to service
Dodge vehicles, and hire additional
salespeople and mechanics.
Securing financing can be difficult even
in times of economic prosperity. Attempting
it in the midst of the worst economic
downturn since the Great Depression can be
close to impossible.
“It was a little overwhelming at first, but
I saw an opportunity and wanted to make it
work,” said Hurley.
Hurley turned to the Small Business
Development Center at Daytona State
College for guidance. The center’s staff
recommended that Hurley contact a bank
that offered U.S. Small Business Administration-guaranteed loans.
Hurley proceeded to contact Pinnacle
Bank in Orange City, which agreed to
provide his business with a $560,000 SBA
loan last fall.
With the help of that loan, Hurley was
Photo: Peter Bauer
Brendan Hurley is owner of Hurley Chrysler Jeep Dodge in DeLand.
able to become a Dodge dealer. In December,
he renamed his business Hurley Chrysler
Jeep Dodge.
Construction of a new car lot at the dealership is underway and is set to be finished
in the coming months. Construction of a
new showroom, which will increase the
dealership’s sales floor space from 4,000 to
13,000 square feet, is expected to begin soon
and should be ready to open by early next
year, said Hurley.
The dealership, which currently offers
60 Dodge vehicles, has added seven
employees to raise the size of its work force
to 37 people.
Hurley said he plans to add even more
vehicles and employees in the coming
months.
Transforming an idea
into a business
A car accident that killed one of Kevin
Snyder’s two dogs while walking them back
in 2005 inspired him to invent a new kind of
dual dog leash – one with two retractable
dog harnesses that can be separately
shortened or lengthened.
But Snyder, a real estate agent at the time
who now holds a day job as coordinator
of academic support services at University
of Central Florida’s Daytona Beach
campus, never invented
anything before.
After conducting
some market research
in 2005, Snyder determined that no one else
was selling a device
quite like the one he
wanted to create.
Snyder’s invention
Snyder
was designed to give
users more control over their dogs.
Snyder created some homemade
prototypes and in 2007 he was chosen to be
featured, along with his product, on an
episode of a national television show called
“American Inventor.”
Unfortunately, the show was canceled
before he could appear on it.
“The show’s cancelation really blew the
wind out of my sail,” said Snyder.
Determined to continuing pursuing his
dream of turning his invention into a viable
business, Snyder last fall decided to contact
the Small Business Development Center at
Daytona State College for advice.
At the suggestion of the center’s staff,
Snyder got in touch with another local inventor, Jim Cairns, founder and former owner of
Daytona Beach-based Ocean Design Inc., a
manufacturer of subsea electrical and fiber
optic interconnect systems.
Cairns, who has several patents under
his belt, also wrote a book on the subject of
inventing. The book, titled “The Inventor’s
Pathfinder: A Practical Guide to Successful
Inventing,” came out in 2007.
Snyder held his first meeting with Cairns
in January and has seen him several times
since then for follow-up consultations.
“The opportunity to talk with him has
been amazing,” said Snyder, who added that
Cairns has given him valuable insider advice
and connected him with other people interested in helping push his project forward.
Cairns gave Snyder the names of some
Volusia-Flagler area manufacturers who
April 30, 2010 11
ice Corps of Retired Executives (SCORE),
who analyzed Sepe’s business plan. They
offered him the following advice:
First: restore the primary focus of his
business on its core area of expertise —
market its services.
One year later, Sepe reports that he now
has triple the number of clients he had prior
to implementing the changes recommended
by his SCORE adviser.
“I didn’t realize the down economy
would cause many people to grab a
lawn mower and go out and cut
grass to make some money,”
Joseph Sepe, owner of Atlantic Property Maintenance
Rendering courtesy Kevin Snyder
This is an artist’s rendering of Kevin Snyder’s dual dog leash invention.
could help him make a professional-looking
prototype to bring to sales pitch meetings
with potential investors and customers.
“It’s important that you don’t have something that looks like you made it in your
garage,” said Snyder.
While Snyder’s quest to transform his
entrepreneurial idea into a reality continues,
he is hopeful that he is now much closer to
achieving his goal, thanks to the help he has
received from Cairns and the Small Business
Development Center.
mower and go out and cut grass to make
some money,” said Sepe.
Sepe met with business counselors from
the Volusia-Flagler area chapter of the Serv-
0000870394
“Business is very good,” said Sepe, who
added that he plans to expand his work force
in the coming months. The company
currently employs four people.
Dealing with the unexpected
Maggie and Andy Bochnar moved to
Flagler Beach from Middlefield, Conn., in
2006 with the hope of opening a EuropeanSee SUCCESS p. 13
0000870067
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Switching to new line
of business
The owner of an Ormond Beach
property maintenance company decided
early last year to make
the switch from taking
care of foreclosed bankowned properties to
providing landscaping
and janitorial services
to local homes and
small businesses.
But Joseph Sepe,
owner of Atlantic
Property Maintenance,
Sepe
didn’t expect the competition level among area landscapers and
lawn maintenance businesses to be so fierce.
His company’s sales declined more than 25
percent in the first quarter of 2009.
“I didn’t realize the down economy
would cause many people to grab a lawn
handling foreclosed properties.
Second, expand his company’s services
to include fencing work, sunroof installation,
and stucco work, among other things.
“They told me that my experience in
maintaining bank-owned properties and
ability to provide more services than the
typical lawn maintenance guy would set me
apart,” said Sepe.
Sepe’s SCORE counselor also offered
suggestions on how to run his business more
efficiently and how to improve his efforts to
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Ready to lend a hand:
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for area businesses and entrepreneurs
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Business Report Staff
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T
here are many programs and resources
available to small businesses and entrepreneurs in the Volusia-Flagler area, including local chambers of commerce, trade associations and business networking groups.
Volusia County has a department of economic development, which stands ready to
assist area businesses and which works to attract more employers to the area, as does the
Metro Daytona-Volusia Economic Development Corp., the latter a proposed publicprivate sector partnership that is currently in
the formation stage.
In Flagler County, economic development efforts are led by an organization called
Enterprise Flagler.
Several individual cities within the twocounty area maintain economic development departments as well.
Many of the aforementioned organizations, including their contact information,
can be found on the Business Report’s regularly published calendar of upcoming business events.
In addition, here are some other available
resources to consider:
small businesses nationwide. SCORE volunteers are retired business owners and executives who provide small businesses with free
business counseling and training, both in
person and via the Internet.
HOW TO CONTACT: The SCORE chapter for the
Volusia-Flagler area is at 921 N. Nova Road,
Suite A, Holly Hill. The chapter chairman
is Gene Baldrate. Phone: 386-255-6889.
E-mail: [email protected]. Website:
www.score87.org.
Small Business
Development Center
DESCRIPTION: The Small Business Development Center program is a SBA resource partner that is a cooperative effort of the private
sector, educational institutions, and federal,
state and local governments. Its goal is to
provide small businesses with management
and technical assistance.
HOW TO CONTACT: The Small Business Development Center for the Volusia-Flagler area is
at Daytona State College, 1200 W. International Speedway Blvd., Building 110, Room
222, Daytona Beach. The center’s director
is Ned Harper. Phone: 386-506-4723.
E-mail: [email protected]. Website:
www.sbdcdaytona.com.
U.S. Small Business
Administration
Enterprise Florida
DESCRIPTION: The U.S. Small Business Ad-
DESCRIPTION: Enterprise Florida serves as the
ministration was created in 1953 as an independent agency of the federal government to
aid, counsel and assist small businesses. The
SBA offers business loan programs, administered via local banks, and also offers a variety
of seminars and workshops aimed at helping
business owners.
HOW TO CONTACT: The SBA office for the
North Florida district, which includes the
Volusia-Flagler area, is at 7825 Baymeadows
Way, Suite 100B, Jacksonville. Phone: 904443-1900. Website: www.sba.gov.
economic development arm for the state.
The organization assists companies with expansion and relocation plans and also offers
demographics data as well as information
about economic incentives and international
trade opportunities.
HOW TO CONTACT: The headquarters is at 800
N. Magnolia Ave., Suite 1100, Orlando. Phone:
407-956-5600. Website: www.eflorida.com.
Center for Business Excellence
DESCRIPTION: The Center for Business Excel-
SCORE
DESCRIPTION: The Service Corps of Retired
Federal Trust Bank is a wholly owned subsidiary of The Hartford Financial Services Group, Inc.
Executives (SCORE) is a resource partner of
the SBA dedicated to entrepreneur education
and the formation, growth, and success of
lence is the workforce development board
agency for Volusia and Flagler counties. The
CBE provides employers with a number of
free and low-cost services, including assistance in recruiting and retaining qualified
employees and setting up worker training
April 30, 2010 13
programs. The CBE also operates three
One-Stop Employment Centers in the
Volusia-Flagler area.
HOW TO CONTACT: The Center for Business
Excellence is at 329 Bill France Blvd. in Daytona Beach. The center’s president is Rick
Fraser. Phone: 386-323-7074. Website:
www.centerforbusinessexcellence.net. The
CBE’s One-Stop Employment Centers are at
359 Bill France Blvd., Daytona Beach (386323-7001), 1382 S. Woodland Blvd., DeLand
(386-740-3232), and 20 Airport Road, Palm
Coast (386-586-5169).
Stetson University Family
Enterprise Center
0000870290
DESCRIPTION: Program focused on providing the
educational opportunities for individuals and
entities that work with family-owned enterprises.
HOW TO CONTACT: The Family Enterprise
Center is at Stetson University, 421 N. Woodland Blvd. Phone: 386-822-7000. Website:
www.stetson.edu/business/family.
■
is pleased to announce
the addition of
PAUL STEINER
to our Management Team!
SUCCESS from p. 11
Paul Steiner
Senior Vice President
Paul has been in the consumer and retail banking
industry locally for 30 years.
Photo: David Massey
Maggie and Andy Bochnar are the owners of Maggie’s European Bakery & Café in Flagler Beach.
style bakery and eatery.
Maggie is a longtime baker and caterer,
while Andy is a veteran of the food
distribution business.
But despite having experience in the
restaurant industry, the husband-wife team
didn’t have experience as restaurant owners.
The couple encountered their first obstacle
to open.
The 38-seat Maggie’s European Bakery
& Cafe opened in January 2008.
The couple ran into another problem
when their entire five-person staff quit last
September. “They believed that we weren’t
paying them enough. It’s unfortunate,”
said Andy.
“We didn’t expect to run into so
many building restrictions and fire
code regulations.”
Mark Chastain
Jim Bange
Mark Bowling
President Volusia County
EVP Senior Credit Officer
SVP/BSA Officer
Reunion Bank is locally owned & operated
and eager to serve the community we call home!
— Andy Bochnar, co-owner of Maggie’s European Bakery & Cafe
d
Big
Tree
Roa
N
ris
Mor
Blvd
.
The Bochnars again turned to SCORE
for advice.
They were directed to the Center for
Business Excellence, the workforce development board agency for Volusia and Flagler
counties that helps match available workers
with employers.
Thanks to the center’s efforts, the
Bochnars were able to hire a new chef and
wait staff within a couple of weeks.
“It’s been a tough battle to get to where
we are,” said Andy. “We couldn’t have done it
without the help we received.”
■
e
Clyd
in early 2007 when they decided to
transform a building that previously housed
a real estate agency into an eatery with a
complete kitchen.
“We didn’t expect to run into so many
building restrictions and fire code
regulations,” said Andy.
After paying $2,000 in monthly
mortgage notes and not getting anywhere after a few months, the Bochnars contacted
SCORE. A volunteer counselor with the
organization helped the couple navigate
the city’s building codes and other
restrictions as well as offering advice on how
to find the right kind of kitchen equipment
for the kind of restaurant they were planning
★
Reunion
Bank
Reed Canal Road
3615 Clyde Morris Blvd. • Port Orange
(386) 868-0068
www.reunionbank.com
14 April 30, 2010
0000870816
2010
INFLUENTIAL
Calendar Upcoming local business events
April
Orange City. Info: 775-0860.
Thursday 29
Holly Hill Chamber of Commerce, after-hours, 5 p.m.
at Riviera Senior Living, 1825 Ridgewood Ave., Holly Hill.
Info: 255-7311.
Ormond Beach Chamber of Commerce, board of directors meeting, 8-9 a.m. at chamber, 165 W. Granada
Blvd., Ormond Beach. Info: 677-3454.
Deltona Regional Chamber of Commerce, networking breakfast, 8-9:30 a.m. at First Commercial Bank of
Florida, 800 Deltona Blvd., Deltona. RSVP: 860-5560.
IN BUSINESS
Small Business Development Center, e-mail marketing workshop, 9 a.m. to noon at Daytona State College,
1200 W. International Speedway Blvd., Daytona Beach,
building 110, room 112. Info: 506-4723.
Port Orange South Daytona Chamber of
Commerce, board meeting, 4 p.m. at chamber, 3431
Ridgewood Ave., Port Orange. Info: 761-1601.
Ormond Beach Chamber of Commerce, Generation
Nominate Online
NOW
www.vfbr.com
The Volusia/Flagler Business Report
announces the fifth annual Influential
Women in Business. It’s your opportunity
to nominate your choice for the most influential business women in the Volusia/Flagler
area. Winners will be featured in the
May 21st issue of the Business Report.
Ormond meeting, 5 p.m. at Stonewood Tavern & Grill, 100
S. Atlantic Ave., Ormond Beach. Info: 677-3454.
386.681.2365
networking breakfast, 7:30-9 a.m., location TBD. Topic:
Marketing 101. Info: 677-3454.
Port Orange South Daytona Chamber of Commerce, morning mix and mingle, 8-9 a.m. at Just
Dancing, 2335 S. Ridgewood Ave., South Daytona.
Info: 761-1601.
Monday 10
Commerce, small business council, 4 p.m. at chamber,
Tuesday 11
May
breakfast, 8-9:30 a.m. at Integra Landings at
Ivey Lake, 1112 Integra Landings Drive, Orange City.
Info: 888-494-0125.
West Volusia Business Connection, networking
Saturday 1
DeLand Area Chamber of Commerce, annual
Southeast Volusia Chamber of Commerce,
Business Expo, 10 a.m. to 3 p.m. at the Clubhouse at
Victoria Gardens, 1001 Garden Club Drive, DeLand.
Info: 734-4331.
ambassadors’ lunch, noon-1 p.m. at Goodrich Restaurant,
253 River Rd., Oak Hill. Cost: $15. Info: 428-2449.
Flagler Beach Chamber of Commerce, board meetDaytona Beach Young Professionals Group, annual
gala, 7-11 p.m. at The Shores Resort & Spa, 2637 S. Atlantic Ave., Daytona Beach Shores. Cost: members $50;
non-members $75. RSVP: 523-3681.
ing, 5 p.m. at Flagler Beach Fire Station, 320 S. Flagler
Ave., Flagler Beach. Info: 437-0106.
Wednesday 12
Ormond Beach Chamber of Commerce, economic
breakfast, 8-9:30 a.m. at PNC Bank, 111 Endicott Way,
DeLand. Info: 822-5840.
Wednesday 5
prosperity committee meeting, 8-9 a.m. at chamber, 165
W. Granada Blvd., Ormond Beach. Info: 677-3454.
Holly Hill Chamber of Commerce, board meeting,
11:45 a.m. at City Hall, 1065 Ridgewood Ave., Holly Hill.
Info: 255-7311.
Volusia Manufacturers Association, manufacturing
excellence division meeting, 7:45-9 a.m. at Indigo Lakes
Golf Club, 312 Indigo Drive, Daytona Beach. Speaker:
Danny Vance, engineering manager of Thomas &
Betts/Homac in Ormond Beach. Topic: identifying root
causes of problems and prevent them from recurring.
Cost: $18. Info: 673-0505.
Southeast Volusia Chamber of Commerce, brown
Daytona Beach Young Professionals Group, executive board meeting, 8-9 a.m. at Daytona Regional Chamber of Commerce, 126 E. Orange Ave., Daytona Beach.
Info: 255-0981.
3431 Ridgewood Ave., Port Orange. Info: 761-1601.
startup workshop, 6-9 p.m. at Daytona State College,
1200 W. International Speedway Blvd., Daytona Beach,
building 110, room 249. Cost: $30. Info: 506-4723.
Palm Coast Young Professionals Group, networking
For additional information:
email:
[email protected].
Ormond Beach Chamber of Commerce, quarterly
3431 Ridgewood Ave., Port Orange. Info: 761-1601.
Small Business Development Center, business
Publishing: May 21st
Friday 7
meeting, 6-7 p.m. at Deltona Women’s Club, 1049 E.
Normandy Blvd., Deltona. Info: 490-4606.
It’s easy to nominate! Go to www.vfbr.com and click on “nominations”.
Nominees will be considered for career successes, notable accomplishments
within her business or industry, involvement in community service and
professional organizations, and personal
accomplishments. Eligibility is limited to
residents of Volusia and Flagler counties.
Stadium Sports Bar, 2225 S. Ridgewood Ave., South
Daytona. Info: 761-1601.
Deltona Regional Chamber of Commerce, general
Tuesday 4
To be considered,
nominations must be submitted on-line
by 5:00 p.m. on Friday May 7th
Commerce, membership drive, 5 p.m. at Jack’s
social, 6 p.m. at Europa Bar & Bistro at European Village,
101 Palm Harbor Pkwy., Palm Coast. Cost: members $3;
non-members $5. Bring a nonperishable food item and
cost is free to members and $3 for non-members.
Info: 566-3466.
Thursday 6
Southeast Volusia Chamber of Commerce, coffee
social, 7:30-9 a.m. at chamber, 115 Canal St., New Smyrna Beach. Info: 428-2449.
Port Orange South Daytona Chamber of Commerce, ambassador meeting, 4:30 p.m. at Jack’s
Stadium Sports Bar, 2225 S. Ridgewood Ave., South
Daytona. Info: 761-1601.
bag luncheon, noon-1 p.m. at Elks Club, 840 Park Ave.,
Edgewater. Cost: Bring own lunch or buy for $4.75. Info:
428-2449.
Port Orange South Daytona Chamber of Commerce, Business Women’s Council, noon at chamber,
Ormond Beach Chamber of Commerce, after-hours
sparkler, 5-7 p.m. at Hilton Daytona Beach Oceanfront Resort, 100 N. Atlantic Ave., Daytona Beach. Info: 677-3454.
Small Business Development Center, financing
workshop, 6-9 p.m. at Daytona State College, 1200 W. International Speedway Blvd., Daytona Beach, building 110,
room 249. Cost: $30. Info: 506-4723.
Thursday 13
Flagler County Chamber of Commerce, executive
board meeting, noon at chamber, 20 Airport Road, Palm
Coast. Info: 437-0106.
Southeast Volusia Chamber of Commerce, business after-hours, 5-7 p.m. at Habitat for Humanity, 722 S.
Dixie Freeway, New Smyrna Beach. Cost: members $5;
non-members $10. Info: 428-2449.
Friday 14
Flagler County Chamber of Commerce, business issues committee meeting, 8 a.m. at chamber, 120 Airport
Road, Palm Coast. Info: 437-0106.
West Volusia Business Connection, business after-
Volusia County Association for Responsible
Development (VCARD), golf tournament, 1 p.m.,
hours, 5:30-7:30 p.m. at Jade Serenity Spa, 120 May St.,
location TBD. Info: 257-4169.
April 30, 2010 15
BRIDGEMAN from p. 5
During the Congressional hearings I attended, it was noted by several committee
members that regulators now have put undue
burdens and restrictions on the community
bank financial sector that does the most for
small business lending and job creation.
that build communities. Capital is the raw
material we need to continue that building
process. Through lending to small
businesses in our communities, we are
able to create new jobs and improve our
economy locally.
Our national economy will only become
healthy when our local economies become
healthy again and a fundamental building
block of that recovery is availability of credit.
Fortunately, several members of
Congress from both parties understand that
principal and are working to assist
community banks with regulatory relief and
urging banks to lend again.
It’s encouraging for me to see Congress
Community banks play vital role
Community banks want to lend, but
when more capital is required to maintain
higher unofficial capital levels and loan loss
reserves, credit becomes unavailable.
Community banks are the contractors
actually working together — at least on
this issue.
■
David L. Bridgeman is president and
CEO of Pinnacle Bank in Orange City. He
can be reached via e-mail at [email protected] or by calling 386774-2001.
0000870814
A Salute to
CALENDAR from p. 14
Tuesday 18
Estate Planning Council of the Fun Coast, workshop buy/sell planning, 8:30 a.m. to 12 p.m. at University
of North Florida’s University Center building, 12000
Alumni Drive, Jacksonville. Cost: members $60;
non-members $75. Info: 437-2224.
Volusia Manufacturers Association, workshop on
team-based problem solving, 8 a.m. to 4 p.m. at Daytona
State College (DeLand campus), 1155 County Road 4139,
building 6C, room 134. Cost: $99. Info: 673-0505.
breakfast, 8-9:30 a.m. at PNC Bank, 111 Endicott Way, DeLand. Info: 822-5840.
Wednesday 19
Bunnell Chamber of Commerce, board meeting, 8
a.m. at Flagler County Chamber of Commerce, 20
Airport Road, Palm Coast. Info: 437-0106.
West Volusia Business Connection, luncheon, noon1 p.m. at Integra Landings at Ivey Lake, 1112 Integra Landings Drive, Orange City. Info: 888-494-0125.
Small Business Development Center, workshop on
record keeping and taxes, 6-9 p.m. at Daytona State
College, 1200 W. International Speedway Blvd.,
Daytona Beach, building 110, room 249. Cost: $30.
Info: 506-4723.
Thursday 20
West Volusia Business Connection, WOW luncheon,
11:30 a.m. to 1 p.m. at Gustoso Pizza and Grille in the
Best Western Deltona Inn, 481 Deltona Blvd., Deltona.
Topic: Putting your best face forward. Info: 574-6693.
Flagler County Chamber of Commerce, education
committee meeting, 4 p.m. at chamber, 20 Airport Road,
Palm Coast. Info: 437-0106.
Port Orange South Daytona Chamber of Commerce, business after-hours, 5 p.m. at Aunt Catfish’s On
A Special Opportunity for
ALL Local Business Women
Example Pa
ge
In addition to our Influential Women in
Business winners who will be selected
through a nomination process and featured
in our package of cover stories, the
Business Report will also publish a
special section called “A Salute to
Women in Business” in the May 21st
edition.
Don’t miss this special opportunity for
ALL local businesswomen to place a
personal, professional marketing
message in the hands of over 10,500
business owners & executives.
This is your unique opportunity to
highlight the successes and contributions of yourself and/or your
employees in this salute to local
professional women. Each salute
will include a color photo and 150word biography.
Space reservation and
copy deadline:
May 7, 2010
the River, 4009 Halifax Drive, Port Orange. Info: 761-1601.
Daytona Beach Young Professionals Group, networking social, 6-8 p.m. at 509 Lounge, 509 Seabreeze
Blvd., Daytona Beach. Cost: members $5; non-members
$10. Info: [email protected].
A Salute to
SCORE (Service Corps of Retired Executives),
cash management workshop, 6-8 p.m. at Daytona Beach
International Airport. RSVP: 255-6889.
■
Special Advertising Section
How to submit items:
E-mail notices of upcoming business events for
possible inclusion in the Calendar at least 30 days
in advance of the event to [email protected]. Events
must be held either in Volusia or Flagler counties
and must be of a business nature.
To be included in this special advertising section, go to
www.vfbr and click on “Reserve My Salute”
or email inquires to [email protected]
For rates or other information contact: 386-681-2365 or [email protected]
ACTUAL
AD SIZE IS
4-3⁄8 X 3-3⁄8
16 April 30, 2010
0000870050 PDFA
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Jeremy Adams
Business Services Manager
800-447-7228 x 9713
[email protected]
Visit us at SCCU.com/business

Business success stories - Volusia/Flagler Business Report

Transcription

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