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Gulfshore Business Daily: July 1

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Joe Logrippo and Veteran Monique Hashimoto from Home Base
Lead Photo: NTRC volunteer, donor and participant Joe Logrippo

 

RESTRUCTURED HERTZ EXITS CHAPTER 11, PLANS FUTURE GROWTH

Estero-based Hertz Global Holdings Inc. announced Wednesday that the car rental giant successfully completed its Chapter 11 restructuring process and has emerged as a financially and operationally stronger company. Hertz’s reorganization plan was confirmed by the bankruptcy court on June 10. With more than $5.9 billion of new equity capital being provided by Hertz’s new investor group, led by Knighthead Capital Management LLC, Certares Opportunities LLC and certain funds managed by affiliates of Apollo Capital Management L.P., Hertz has reduced its corporate debt by nearly 80% and significantly enhanced its liquidity to fund operations and future growth. The company eliminated nearly $5 billion of debt, including all of Hertz Europe’s corporate debt. Also Wednesday, Hertz announced a new board of directors of eight members with up to three additional directors to be named in the future. For complete court documents or filings, click here

 

SALES TAX HOLIDAY WEEK BEGINS TODAY FOR RECREATIONAL AND OUTDOOR ITEMS, CULTURAL ACTIVITIES

Florida’s first Freedom Week Sales Tax Holiday begins today and extends through July 7. During this week, consumers can purchase qualifying recreational and outdoor items and admissions to entertainment and cultural events exempt from sales taxes. The list of products qualifying for the special exemption this week includes fishing and camping gear, boating and water activity supplies, sports equipment, outdoor supplies such as grills, as well as admission to state parks, sporting events, fitness clubs, concerts, festivals, theaters, museums and other cultural activities. For a complete list from the Department of Revenue for the tax-exempt qualifying products, click here.

 

REPORT: FLORIDA RANKS AMONG MOST DIVERSE STATES FOR SMALL BUSINESSES

Florida ranked No. 6 in Business.org’s new report, The Most Diverse States for Small Business in 2021. The study found that of the 2.7 million small businesses in Florida, 527,247 are owned by minorities, which accounts for 19.5% of businesses in Florida. Business.org  used the Small Business Association’s (SBA) 2020 small-business profiles to determine which percentage of each state’s small businesses are owned by self-employed members of minority groups.

 

PUBLIC RELATIONS CRISIS PLANNING SEMINAR SET FOR JULY 13

The Southwest Florida Chapter of the Florida Public Relations Association  will host a crisis communication seminar from 11:30 a.m. to 1:30 p.m. on July 13 at Dave and Buster’s in Fort Myers. The tabletop event will include a small group set up, led by crisis communications experts including Mary Briggs, Lee Health; Betsy Clayton, Lee County Government; Victoria Moreland,  Lee County Port Authority; Trish Robertson, Collier County Supervisor of Elections; and Jessica Walker, Markham Norton Mosteller Wright & Co. The event will tackle real-life scenarios a public relations professional could face and provide takeaways on how a crisis doesn’t have to be a disaster. The event is $25 for students, $30 for members and $40 for future members. Registration will close on July 9.

 

Joe Logrippo and Veteran Monique Hashimoto from Home Base

NTRC TO HOST VETERANS RESOURCE FAIR SEPT. 4

Naples Therapeutic Riding Center will host a free Veterans Resource Fair and open house from 9:30 a.m. to 1 p.m. on Sept. 4 at its campus, 206 Ridge Drive in Naples. Veterans and their family members are invited to attend the event and network with fellow veterans and military families while learning about resources available to them in the community. During the event, NTRC will promote its Operation Strides horsemanship program that aims to help veterans and their family members improve communication, build confidence and teach self-regulation. The event will also include a flag-raising ceremony, a 30-minute mini horse yoga session, a discussion with NTRC volunteer and participant Joe Logrippo, a hands-on horsemanship experience, and lunch from Texas Tony’s Rib and Brew House. The event is free to attend. To register or sign up as a vendor, contact David McKenzie at 239-596-2988 or program@NTRC.org.

 

GALT INSURANCE GROWS COMMERCIAL LINES DIVISION

Galt Insurance Group, a full-service insurance agency headquartered on Fifth Avenue South in Naples, has expanded its commercial insurance division, offering business coverage to large organizations. Christian Galt, a third-generation insurance professional, founded Galt Insurance in 2004. The business has grown to more than 20 team members, including the recent addition of commercial lines director Stephen Kirby. A graduate of the University of Florida, Kirby brings more than 20 years of industry experience to the position.

 

Ashley’s family was the 1700th to purchase an affordable Habitat home in Lee and Hendry Counties since 1982.

HABITAT LEE AND HENDRY CELEBRATES 1,700 HOMES SOLD

Habitat for Humanity of Lee and Hendry Counties closed on its 1,700th affordable home on June 24 in partnership with a local family in need of safe and affordable housing. The achievement comes after nearly 40 years of building homes alongside the local community. One day after closing on its 1,700th home, the organization also completed its goal to build 55 homes for 55 families in need of decent and affordable shelter this year. Habitat for Humanity, a volunteer-driven organization, experienced its most challenging fiscal year in 2020 due to COVID-19, relying heavily on paid laborers and a small group of select build partners, which significantly increased the cost to build homes. The organization also faced an increase in the cost of materials and nationwide shortages. Still, Habitat says it had seen a higher level of philanthropic giving than ever before in its 20-21 fiscal year and commits to building 60 homes in partnership with 60 families in the coming fiscal year.

 

Cyndi Doragh

DORAGH EARNS INTERNATIONAL ‘BEST OF KNOW’ RECOGNITION

Iron Ridge Insurance Services executive Cyndi Doragh has been honored in the 2020 Best of Know, an annual hardcover book celebrating top female leaders in the U.S. and Canada. Doragh and 34 other recipients from across the nation will be recognized at the annual Know Women Summit, Oct. 21-23 in Cave Creek, Arizona. The Best of Know book, presented by Morgan Auto Group, is an annual hardcover international Know book that recognizes a small group of women from each local city’s Know book. Doragh has served for 28 years as a Rotarian, including a year representing District 6960 in Southwest Florida as Rotary international district governor. She is a past president of the Fort Myers Redevelopment Agency and served as chair for the Lee County Economic Development Horizon Council.

 

MK ARCHITECTURE DESIGNS MODELS FOR FL STAR DEVELOPMENT

MK Architecture has been selected to design single-family models for FL Star Development in Collier County. Multiple models have been designed, ranging from 1,700 square feet to 2,100 square feet in the communities of Arrowhead Reserve, Sapphire Cove and Golden Gate Estates. More than 800 homes have been sold or are currently under construction.

 

SUBMIT TO GULFSHORE LIFE SOCIAL REGISTER

Gulfshore Business‘s sister publication, Gulfshore Life, is accepting submissions for its 2021-2022 Social Register through Friday. Published in September, Gulfshore Life’s Social Register recognizes local nonprofits and helps connect donors and volunteers with causes they care about. To register your nonprofit’s fundraising event information, click here.

 

CHARITABLE NOTES

 

United Way of Collier and the Keys awards grant to Legal Aid Service of Collier County 

United Way of Collier and the Keys has awarded a $37,500 grant to the Legal Aid Service of Collier County to fund the Housing and Income Preservation Project, one of the financial stability programs funded by United Way for 2021-2022. Legal Aid’s Housing and Income Preservation Project will provide free civil legal services to at least 60 ALICE (asset limited, income constrained and employed) residents of Collier County in need during 2020 and 2021. Legal services will be focused on the high-impact areas of housing and income preservation for struggling, hard-working households in need. Those served will either be currently working or need legal services that will directly enable them to re-enter the workforce. 
 

Gulfstream Homes makes a donation to the Marco Island Yacht Club Sailing Center

Gulfstream Homes supports Marco Island Yacht Club Sailing Center

Naples-based home builder Gulfstream Homes is donating to the Marco Island Yacht Club Sailing Center. The funds will be put toward three new Opti sailboats for the Children and Youth Sailing Summer program. The program, which partners with the Marco Island Yacht Club, provides sailing instruction to children of all ages to help children. Donations to the sailing program will allow the club to purchase necessary materials for the program and new sailboats for the participants.

 

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