Weekly Roundup: June 28-July 2

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Catch up on this week’s top business news here. For daily information, subscribe to our free newsletter, Gulfshore Business Daily, and find archived newsletters at GulfshoreBusiness.com.

 

Editor’s Note: Gulfshore Business Daily will not be published on Monday, July 5, in observance of Independence Day.

 

Friday, July 2

 

Video courtesy of WINK News

NAPLES RANKED AMONG TOP CITIES FOR SENIOR HEALTH

Naples has been ranked one of the top five best cities for seniors’ health by the Mesothelioma Center. The Orlando-based advocacy center looked at the total population of seniors, average retirement income, how many senior centers are in the area and the average life expectancy. The top-ranked place for seniors to live was Truckee, California, WINK News reports.

 

Thursday, July 1

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

 

Wednesday, June 30

BAYFRONT INN HOTEL SELLS FOR $17 MILLION

Gordon River Hotel Association sold Bayfront Inn Hotel, an 84-hotel room property located at 1221 Fifth Ave. S., Naples, for $17 million. Gary Tasman and Shawn Stoneburner of Cushman & Wakefield | Commercial Property Southwest Florida represented the buyer and the seller in negotiating the transaction.

 

Tuesday, June 29

FEDERAL UNEMPLOYMENT BENEFITS ENDING FOR FLORIDIANS

On Saturday, the $300 federal unemployment benefit will end for Floridians. The Florida Department of Economic Opportunity announced last month that it would end benefits near the end of June, joining 26 states that will no longer participate in the federal unemployment benefits. The hope is that cutting the additional benefits earlier than the September federal deadline will get more people back in the workforce. Florida’s unemployment rate is 4.9%. “The market today is saying we need to hire people, but we can’t because the unemployment benefits are too high. That’s why we want the return-to-work initiative to be understood,” says DEO Executive Director Dane Eagle.

 

Monday, June 28

 

Video courtesy of WINK News

COLLIER’S PUBLIC SAFETY CAREER ACADEMY OPENS DOORS, CREATES OPPORTUNITIES

During an emergency, 911 dispatchers are the first line of defense for people in trouble. And now, the Collier County Sheriff’s Office is working to train the next generation of dispatchers to do this important work. The sheriff’s office partnered with the Immokalee Foundation to get 11 kids interested in 911 communications this summer through the new Public Safety Career Academy. The students will learn police codes, emergency dispatch center technology and how to respond to someone calling 911 in distress. The hope is many of the students will choose to go on and potentially become full-time dispatchers as early as August, WINK News reports.

 

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