February 2026 Southwest Florida Business Today

COMMERCIAL REAL ESTATE MARKET

A look at commercial real estate trends & topics in

Financial Review

Read about what’s ahead for 2026 and get timely financial tips in this annual financial reviewand-update edition.

SWFL economic leaders look to build workforce

Submitted by Karen P. Moore, Publisher Special to SWFBT

At a recent economic development summit, Lee County Economic Development Director, John Talmage stated, surprising many audience members, “Lee County is the third most economically diverse county in the state of Florida right now.”

Lee County

Talmage continued, “And that’s a healthy thing to be. If tourism gets hurt, having other industries in place

can help mitigate the loss.”

He also noted that tourism is not just about beaches, although Sanibel and Fort Myers Beach are slowly coming back. There’s also sports tourism, medical tourism and professional travel as tied into conferences. These forms of tourism can also fill up hotel rooms. Then he addressed other industry clusters blossoming in Lee County.

“During the pandemic, we had 12 small manufacturers move their headquarters to Lee County. We now have an oncology services cluster. We also have two pharmaceutical and cancer

mitigation companies coming here. So, it’s exciting times in Lee County.”

Collier County

When asked what drives Collier County’s economy, Cormac Giblin, Housing Policy & Economic Development Division Director, replied, “Our legacy industries are construction, tourism and agriculture. Those also happen to be the three lowest wage industries in Collier County.

He went on, “Now we’re trying to transform the community so as to not

Commercial Real Estate

A specially focused monthly feature exploring the SWFL commercial real estate marketplace.

Naples Chamber Board approves 2026 public policy platform

The Greater Naples Chamber Board of Directors approved the organization’s public policy priorities. Updated annually, these priorities will guide the Chamber’s work at the local, state and federal levels throughout the coming year.

The priorities continue to center on economic issues that shape Collier County’s long-term strength, including workforce housing, workforce de-

Florida’s first Slick City opens in Fort Myers

Slick City Action Park, the world’s first indoor dry-slide and air court park designed for all ages, is making its Florida debut with the grand opening of Slick City Fort Myers, which opened in January 2026. Located in the heart of Fort Myers and the first in the state of Florida, the park will deliver high-speed thrills, gravity-defying slides and active fun for families, friends and groups of all ages.

IN THE NEWS

velopment, infrastructure, healthcare, environmental stewardship and overall economic competitiveness. The 2026 agenda reflects input from Chamber members and was reviewed by the Chamber’s executive committee before going to the Board of Directors for final approval.

“At the Greater Naples Chamber, we remain focused on the economic matters that influence how our community grows and thrives,” said Kristina Park, president and CEO of the Greater

Angel Funds

Angel investors from Southwest Florida invested in Prisidio, a Naplesbased company that offers a digital vault to capture and securely share important personal information with key people in your life. Members of Tamiami Angel Fund V invested $875,000 in Prisidio, the fund’s 11th portfolio company.

“This investment represents an outstanding alignment of elements

we value highly: strong local investor participation, an accomplished local entrepreneur, a large and compelling market opportunity and a meaningful problem to solve,” said Timothy Cartwright, chairman of Tamiami Angel Funds in Naples.

Partnering with organizations such as AARP, the National Association of Realtors, Docusign and Clear, Prisidio lets people securely store information such as legal and financial documents, account passwords, personal inventories

5

GUEST COMMENTARY

Allegiant buys Sun Country

I’m excited to share some important news about the future of Allegiant. We have reached an agreement to acquire Sun Country, bringing together two carriers who have built their businesses around connecting travelers to the places they love, with a focus on value, convenience and customer choice.

BY GREG ANDERSON

This combination is about creating more opportunities for customers to travel where, when, and how you want— more destinations. more affordable fares, and even better service, while maintaining the values and reliability you expect from Allegiant.

The combined airline is expected to bring you:

• An expanded network serving nearly 175 destinations across the U.S. and select international locations.

• More frequent flights to popular vacation spots and leisure destinations from origin cities that have been underserved.

• Continued affordable fares with even greater choice and flexibility.

• A stronger loyalty program with more ways to earn and redeem rewards across a larger network.

• Enhanced reliability and service through better scheduling, fleet coordination, and operational efficiencies.

This announcement is the first step in a process that will take time. Until the transaction closes, Allegiant and Sun Country will continue to operate as separate and independent airlines. There will be no immediate changes to your ticketing, flight schedules, or travel experience. You can continue to book and fly with Allegiant exactly as you do today.

If you are an Allways Rewards member, you will continue to earn and redeem points as usual, and all your current benefits remain in place. Over time, we look forward to combining the best of both loyalty programs to bring you even more value.

Greg Anderson is CEO of Allegiant Travel Company. Contact gregory.anderson@allegiantair.com.

FINANCIAL REVIEW

IRS – Independent Contractor vs. Employee

QUESTION: I am a general contractor and uncertain how the Internal Revenue Service will view my relationship with sub-contractors. Are they employees or independent contractors?

ANSWER: The question of who is an independent contractor seems to be a constant source of confusion among many small business owners. One popular notion is that if an individual signs an independent contractor agreement, the general contractor or employer has nothing to fear from the Internal Revenue Service. Such an agreement is not worth the paper it is written on unless it meets certain criteria established by IRS.

In determining whether the person providing the service is an employee or independent contractor, all information that provides evidence of the degree of control and independence must be considered. If you incorrectly classify an employee as an independent contractor, you can be held liable for employment taxes for that worker, plus a penalty.

Who is an independent contractor? A general rule is that you, the employer or general contractor, have the right to control or direct only the result of the work done by an independent contractor, but not the means and methods of accomplishing the result.

Example. Jim comes and goes according to his own schedule and performs the agreed upon work without your supervision. He also performs additional electrical installations under contract with other general contractors. Jim meets the definition of an independent contractor.

You may be required to file information returns to report certain types of payments made to independent contractors during the year. IRS Form 1099-MISC, is required to report payments of $600 or more to persons not treated as employees for services performed for your trade

Rooted HERE Invested HERE

Focused on you.

BY GRAY POEHLER Guest Columnist

or business.

Who is an employee? Under common-law rules, anyone who performs services for you is your employee if you can control what will be done and how it will be done. This is so even when you give the employee freedom of action. What matters is that you have the right to control the details of how the services are performed.

Example: John is a salesperson employed on a fulltime basis by an auto dealership. He works six days a week and is on duty in the dealer’s showroom on certain assigned days and times. He is paid a small salary, plus commissions and bonuses for exceeding sales goals. The dealership also pays the cost of life and health insurance. John meets the definition of an employee and his employer must report and provide him with an annual IRS Form W-2 stating all forms of compensation. Also, all federal and state income taxes withheld and employer matching FICA taxes. If it is still unclear whether a worker is an employee or an independent contractor, Form SS-8, Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding, can be filed with the IRS. The form may be filed by either the business or the worker. The IRS will review the facts and circumstances and officially determine the worker’s status.

Gray Poehler is a volunteer with the Naples Chapter of SCORE, Counselors to America’s Small Business. Contact (239) 430-0081 or visit score.org/naples/local-mentors,

Cottages of Paradise Point breaks ground on Fort Myers Beach

Surrounded by longtime guests, former employees, community leaders and partners, the Cottages of Paradise Point officially broke ground on its Gulf-front redevelopment, marking a powerful milestone in the ongoing rebuilding of Fort Myers Beach.

Hosted in partnership with the Fort Myers Beach Chamber of Commerce, the ceremony celebrated not only the future of the iconic property, but also the deep sense of family and history that has defined Paradise Point for more than two decades.

“This is a pivotal step in the rebuilding of Fort Myers Beach,” said Richard Durling, president of Marvin Homes, the project’s builder and development partner. “Paradise Point represents the spirit of this island—resilient, welcoming, and deeply connected to the people who love it. Today is about honoring that spirit while building forward.”

Owners Dennis and Lisa Greenspon reflected on the property’s legacy and the profound personal meaning behind the moment. Dennis Greenspon shared what he described as the “bookends” in Paradise Point’s history—purchasing their first cottage in 2001, growing the property to eight beloved cottages and then losing them all to Hurricane Ian in 2022.

“What made Paradise Point special was never just the cottages,” he said. “It was the feeling of family. Guests returned year after year, friendships were formed, and today many of those guests are standing here with us. Former employees—including our longtime property manager and maintenance man— are here too. That says everything about what this place meant.”

Greenspon expressed gratitude to the many supporters who have stood by the project since the storm. “Fort Myers Beach is coming back—and we will be

back,” he said. “Seeing everyone here today reminds us why rebuilding matters.”

The redevelopment will transform the historic site on Estero Boulevard into an intimate, resilient Gulf-front neighborhood. The first cottage breaking ground is a 2,143-square-foot residence, with two additional cottages planned this year, including a 3,607-square-foot Gulf-front home with a pool beneath the residence and a 2,053-square-foot Gulf-side cottage just steps from beach access. Individual homesites are also available for purchase. All cottages will meet or exceed current Federal Emergency Management Agency flood requirements, be engineered for 160-mph winds, and feature impact-resistant windows and doors—blending modern coastal resilience with the charm and spirit of the original Paradise Point.

For more than 20 years, Cottages of Paradise Point was a place where generations made memories along the Gulf. While Hurricane Ian destroyed the physical structures, the groundbreaking affirmed that the heart of Paradise Point—and the community that surrounds it—endures.

FINANCIAL REVIEW

Smarter cash management for businesses

In today’s fast-paced business world, smart cash management is a critical part of any business strategy.

With rising operational costs and unpredictable revenue cycles, businesses across all industries must manage their finances more securely and efficiently. By leveraging tools that improve cash flow, expedite payments and reduce fraud, businesses benefit from greater peace of mind over daily finances.

Here are four essential cash management services that business owners and leaders need to know.

1. Remote Deposits

Remote deposits offer businesses the convenience of making a deposit directly from the office – no bank trip required. With next-day credit to accounts, this tool saves time and resources while speeding up collections.

This approach also offers greater internal control, as businesses can entrust designated employees to handle deposits without compromising broader account access.

2. ACH Origination

Automated Clearing House origination provides an efficient, cost-effective way to transfer funds electronically. This is commonly used for payroll direct deposit, vendor invoices and preauthorized payments, as well as collecting customer payments.

ACH transactions empower businesses to transfer funds faster, compared to paper checks. There’s no longer a need to mail a check and wait a week for it to clear.

3. Wire Transactions

Business owners no longer need to

BY BETH COUNTRYMAN Guest Columnist

interrupt their day to originate domestic wire transactions at the bank. Online wire origination provides same-day capabilities that can be managed via phone, app or computer.

Customizable platforms also allow businesses to control who can initiate or approve transfers. This added control enhances efficiency and increases security over every transaction.

4. Fraud Prevention

As check fraud continues to rise, proactive protection is key for businesses. Fraud prevention tools, such as Positive Pay, provide greater control over check and ACH transactions, reducing the risk of fraud from lost, altered or stolen checks, as well as fraudulent ACH transactions.

By matching checks against a list of approved payments, businesses can review and verify transactions before they clear the account, adding an essential layer of security to a company’s cash management strategy.

With the right tools in place, businesses can manage cash with greater confidence and efficiency.

Beth Countryman is the Vice President and Cash Management Officer for Edison National Bank/Bank of the Islands. Contact (239) 466-1800.

The digital employee: When AI agents move from tool to decision-maker

Business owners have grown comfortable with basic artificial intelligence: chatbots on websites, automated appointment reminders, software that sorts emails. These are programmed responses to predictable inputs.

AI agents are fundamentally different.

An AI agent doesn’t just respond, it decides. It evaluates options, chooses actions and executes multi-step tasks without waiting for human instruction.

It operates like an employee, not a tool.

Here are the main differences:

• A chatbot answers questions from a script.

• An AI agent reviews your calendar, assesses priority, reschedules conflicting appointments, notifies affected clients and updates your customer relationship management, while you sleep.

A traditional system sends a reminder.

An AI agent detects a no-show, identifies three qualified leads from your pipeline, reaches out with available slots, books the first to respond and logs the interaction.

This capability is no longer theoretical. AI agents are now managing sales pipelines, processing insurance claims, negotiating vendor contracts and coordinating service schedules.

They’re making operational decisions that used to require judgment calls.

For businesses facing labor shortages, rising costs and increasing customer expectations, this represents a fundamental shift in how work gets done.

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The contents of Southwest Florida Business Today® are copyright 2026 by Southwest Florida Newspapers, Inc. No portion may be reproduced without the express written consent of Southwest Florida Newspapers, Inc. The publication of any advertisement or article does not necessarily reflect the view of the publisher of Southwest Florida Business Today®. For more information about any article or column appearing in Southwest Florida Business Today®, for advertising rates or subscription information please call 239-573-9732 or email: publisher@swfloridabusinesstoday. com

BY KYRIN HALL Guest Columnist

But it also introduces new risks.

When an AI agent makes a decision, who’s accountable?

When it prioritizes one client over another, what criteria is it using?

When it communicates on behalf of your business, does it reflect your values or simply optimizing for speed?

These are not technical questions. They’re business ownership questions.

In Southwest Florida, where businesses rely on reputation, repeat clients and referral networks, an AI agent’s decision can strengthen or damage relationships faster than any human could.

A poorly configured agent might deprioritize your highest-value client because they didn’t fit an algorithmic pattern.

It might send tone-deaf messaging during a hurricane.

It might book appointments your team can’t fulfill.

The businesses getting results with AI agents prioritize clear guardrails over advanced technology.

Three Strategies

for Managing AI Agents:

1. Define decision authority explicitly. Docu-

ment which decisions your AI agent can make independently and which require human approval. Can it offer discounts? Waive fees? Make promises? If you haven’t defined the limits, you’ve given it unlimited authority.

2. Monitor outcomes, not just activity. Track what your AI agent accomplishes: such as conversions, client satisfaction or error rates. Not just how many tasks it completes.

Volume without quality creates operational chaos, not efficiency.

3. Build manual override protocols. Your team must be able to pause, review or reverse any AI agent action. If the system can operate independently, you need independent control to shut it down or correct course when needed.

AI agents represent a significant operational shift in business. They can execute faster than any team, scale beyond human capacity and operate 24/7 without fatigue.

But they require a different kind of management, one where you’re supervising judgment, not just monitoring tasks.

In 2026, AI agents transform how work gets done.

Kyrin Hall, PhD, earned a 2026 Edison Award nomination for “Conversion Velocity Engine,” an AI solution accelerating conversions. She is the founder of Digital Shortcutz Marketing Agency, helping Southwest Florida businesses implement AI automation. Contact kyrin@DigitalShortCutz. com.

2/26 SWFL ECONOMIC INDICATORS

Airport Passenger Activity

Seasonally adjusted airport activity for the region ascended 6% in November 2025 compared to November 2024.

Tourist Tax Revenues

Seasonally adjusted real tourist tax revenues for the coastal counties improved 23% in October 2025 compared to October 2024.

Taxable Sales

Seasonally adjusted real taxable sales in the five-county region fell 2% in September 2025 compared to September 2024.

Unemployment Rate

The seasonally adjusted unemployment rate in Southwest Florida rose 1.7 percentage points from September to November 2025, up to 5.4%.

Single-Family Building Permits

Single-family building permits for Southwest Florida fell 11% from August 2024 to August 2025.

Single-Family Home Sales

Single-family home sales for the coastal counties increased 16% in November 2025 compared to November 2024.

Single-Family Home Prices

Single-family median prices in coastal counties declined from November 2024 to November 2025, falling between 2% and 7%.

Residential Active Listings

Active listings for the coastal counties were up 2% in December 2025 compared to December 2024.

Consumer Sentiment Index

The Florida Consumer Sentiment Index rose in December 2025, improving 2.4 points from November 2025.

Source: FGCU Regional Economic Research Institute

SWFL

business group to address innovation, expansion at Feb. 5 event

The Horizon Council, Horizon Foundation and the Lee County Economic Development Office will explore another year of business growth and opportunities at the 2026 Annual Meeting on Feb. 5.

The 2026 Annual Meeting will feature a State of the Economy presentation, ‘Innovation Evolved: Fueling Business Expansion and Community Prosperity,’ recapping the tremendous growth in Lee County. Highlights include:

• Blackstone Corporate Park along State Road 82.

• Cameratta Companies’ Kingston community.

• Lee Health’s central Lee County hospital.

Expanding on the event’s theme, the meeting will highlight the role of innovation as a key driver of economic development by fostering new connections between cutting-edge ideas and real-world opportunities. This approach encourages collaboration among local businesses, investors and innovators, which can lead to sustainable growth and ensure that Lee County remains competitive in a rapidly evolving economy.

Additionally, the meeting will offer a preview of the groups’ vision for business and development in 2026, which will emphasize the link between creativity, talent and economic growth.

The 2026 Annual Meeting will be 11 a.m. to 1:30 p.m. Thursday, Feb. 5, at Broadway Palm Dinner Theatre, on Colonial Boulevard in Fort Myers. The event includes networking, a buffet lunch, the annual review, recognition of the Horizon Council’s 35th anniversary and a “passing of the gavel” celebration to formally recognize outgoing and incoming leadership.

FINANCIAL REVIEW

Economy stays resilient as the region enters 2026

As we begin 2026, Southwest Florida’s economy can best be described as resilient. The past year was marked by uncertainty due to national politics, an election cycle, inflation pressures and a shifting interest-rate environment—factors that caused many businesses to pause or reassess plans. Yet, despite these challenges, the local economy continued to move forward and enters the new year with sustained momentum shaped by growth and important lessons learned.

One of the most notable trends in our market has been broad-based growth across industries. Hospitality continued to outperform expectations, with new hotels and restaurants opening throughout the region. At the same time, Southwest Florida has welcomed increased relocation activity, particularly among small and midsized businesses moving from other states. Drawn by the region’s quality of life and business-friendly environment, these companies continue to bring investment, talent and opportunity to the area.

Looking ahead to 2026, the outlook points toward normalized growth. GDP growth in the 2–3% range appears realistic, supported by gradually declining interest rates, renewed investment in real estate and improved clarity around tariffs and trade policy.

While inflation remains elevated and consumers continue to feel pressure from high housing costs, auto payments and rising college tuition, these factors are unlikely to derail the local economy in the near term. However, they may contribute to more cautious consumer spending as the year unfolds.

Industries tied to real estate and population growth are expected to continue leading the market. Home services, professional services and the skilled trades— plumbing, HVAC and electrical—remain particularly strong in Florida. These businesses benefit from sus-

TECH PAGE 1

and medical-care records. Subscribers can then share that information with people and organizations they can verify and trust.

“The capital allows us to scale nationally, further develop the product, grow our subscriber base and really focus on security, privacy and compliance,” said

BY BRANDON BOX Guest Columnist

tained demand and are less susceptible to be overtaken by artificial intelligence, making them durable contributors to the regional economy.

That said, businesses should prepare for a potential slowdown at some point. After nearly two decades without a significant economic shift, maintaining a measured and realistic outlook will be important. Disciplined growth strategies and strong cash flow management will be critical in 2026. Economic cycles are inevitable, and those who plan ahead will be best positioned to navigate future challenges.

At Cogent Bank, our focus remains on being a steady, relationship-driven partner for local businesses across Southwest Florida—providing not just capital, but counsel, consistency and a deep understanding of the region’s evolving economic landscape. As a community bank with deep roots in the region, we work closely with our clients to help them prepare thoughtfully, adapt strategically and grow responsibly through both opportunity and uncertainty.

If I had to summarize the 2026 outlook for Southwest Florida in one phrase, it would be measured optimism: confidence grounded in preparation, opportunity balanced with discipline and growth built to last for the businesses and communities we serve.

Brandon Box is the Executive Vice President and Market President for Cogent Bank. Contact bbox@cogentbank.net or (239) 766-8938.

Glenn Shimkus, co-founder and CEO.

Shimkus previously started Cartavi, a cloud-based platform for real estate professionals to securely manage, share and sign transaction documents. In 2013, DocuSign acquired Cartavi.

“It’s important for us as a group to invest in good teams,” said Rick Gallagher, a member of Tamiami Angel Funds’ screening committee who will serve as Tamiami Angel Fund’s observer on the Prisidio board.

FINANCIAL REVIEW

Edison National Bank/ Bank of the Islands to offer fraud, scams and identity theft sessions

Edison National Bank/Bank of the Islands is inviting the Southwest Florida community to participate in its fraud, scams and identity theft sessions in February. Local law enforcement agencies will have an open discussion and question-and-answer session to help residents recognize and report scams and detect, protect and report fraud and abuse.

A session will be presented by a representative of the Lee County Sheriff’s Office on Saturday, Feb. 21 from 9:30 to 10:30 a.m. at Edison National Bank on South Cleveland Avenue in Fort Myers.

“Scams and identity theft can happen to anyone, which is why educating the community on prevention and providing resources is extremely important to us,” said Geoffrey Roepstorff, CEO of Edison National Bank/Bank of the Islands. “We are proud to offer these sessions and bring local experts together to support our customers and residents throughout Southwest Florida.”

POLICY PAGE 1

Naples Chamber. “By working closely with community partners, local leaders and industry stakeholders, we can keep moving toward shared goals that strengthen Collier County’s future economy.”

The Greater Naples Chamber will travel to Tallahassee to advocate for Collier County businesses and share the business community’s priorities with state legislators. The trip is part of the Chamber’s ongoing work to support a strong business climate and high quality of life.

The Greater Naples Chamber is committed to cultivating economic opportunity for all by educating, empowering and advocating for local businesses, while enhancing Collier County’s quality of life through collaboration, connection and innovation.

The McGregor Boulevard Branch of Sanibel Captiva Community Bank reopened three years after it was closed because of Hurricane Ian damage.

Sanibel Captiva Community Bank reopens McGregor Branch following Hurricane Ian rebuild

Sanibel Captiva Community Bank announced the reopening of its McGregor Boulevard Branch after being closed for more than three years due to severe damage and flooding from Hurricane Ian. The original building, which sustained catastrophic structural damage during the storm, was ultimately razed and rebuilt.

The new McGregor Branch, on McGregor Boulevard, debuts the bank’s refreshed exterior design and modern, updated look. The building blends the bank’s warm, communityfocused atmosphere with contemporary features, including a community

room with full audio-visual capabilities, a multi-lane drive-thru, two electric vehicle charging stations and safe deposit boxes.

“This reopening is a significant milestone for us,” said Kyle DeCicco, president and CEO of Sanibel Captiva Community Bank. “The McGregor Branch holds a special place in our history as it was our third office and the first one off Sanibel Island. Rebuilding from the ground up has given us the opportunity to create a beautiful space that reflects our growth and ongoing commitment to serving Southwest Florida.”

Urban Institute launches Center for Local Finance and Growth

The Urban Institute launched the new Center for Local Finance and Growth, a nonpartisan knowledge and solutions hub dedicated to advancing the mission finance and community economic development sectors. With founding support from Capital One, JPMorganChase, The Kresge Foundation, the Robert Wood Johnson Foundation and Wells Fargo, the center will deliver research insights, data tools and advisory services to help communities thrive.

The mission finance sector is at a pivotal inflection point. Community development financial institutions and other mission-driven lenders have proven their critical role in expanding economic opportunity in communities across the country, enabling families to purchase homes, supporting entrepreneurs in launching businesses, and ensuring neighborhoods have access to essential services like child care, grocery stores and employment.

However, the sector faces a rapidly evolving landscape shaped by shifts in policy, technology and financial markets. With the expansion of core federal programs including the New Markets Tax Credit Program, Opportunity Zones and the Low-Income Housing Tax Credit program, as well as the growing influence of artificial intelligence and the tightening of federal subsidies, mission finance must adapt to continue delivering impact.

“The work of mission finance and community developers is vital to the health of local economies—rural, suburban, tribal and urban,” said Sarah Rosen Wartell, president of the Urban Institute.

“To meet the moment, we need timely, accessible, and actionable evidence about what works and where and how it works. That’s why we created the Center for Local Finance and Growth—to be an honest broker that can equip the field with insights to strengthen communities’ capacities to attract and absorb the capital needed to thrive.”

Led by Urban’s Brett Theodos, a senior fellow and a community and economic development expert, the new center will bring together expertise from across the institute and the broad-

“The work of mission finance and community developers is vital to the health of local economies — rural, suburban, tribal and urban.”

— Sarah Rosen Wartell President of the Urban Institute

er community development, housing finance and small business ecosystem.

“Our goal is to identify emerging challenges, test innovative approaches, track investment outcomes, convene around emerging issues and opportunities, and foster knowledge sharing across the field,” Theodos said. “By doing so, we’ll empower investors, lenders, practitioners, and policymakers with the tools and evidence they need to implement effective, evidencebased strategies.”

With a funder steering committee and input from current and former policymakers and practitioner leaders across the mission finance space, Theodos and his team at the Center for Local Finance and Growth will chart a robust research and field-building agenda. Key activities will include the following:

• Timely analysis and commentary on emerging trends and pressing questions.

• Research and data insights on small business finance, capitalization and rural investment.

• Sector-level data tools and resources to inform the field.

• In-person and virtual events to disseminate findings and spark dialogue.

“The community development finance field is rich with promising solutions,” Theodos said. “But we need deeper understanding of what drives success, a table around which to generate new ideas and a mechanism to more rapidly scale what works. The Center for Local Finance and Growth will help fill that gap and accelerate progress toward building strong local economies where everyone can thrive.”

Genesis of Naples breaks ground on Naples dealership

Genesis of Naples, privately owned and operated by the Zellers family of Naples since 2018, announced that construction has officially begun on its new, standalone Genesis facility at the intersection of Pine Ridge Road and Interstate-75 in North Naples.

For family members and the entire team, this groundbreaking represents far more than the start of a building — it is the realization of a dream that has endured challenge after challenge and never wavered.

“This moment carries tremendous emotion for all of us,” said Tim Zellers, owner of Genesis of Naples. “We believed in this project with our whole hearts, even when the path felt uncertain and the obstacles seemed endless. What pushed us forward was our responsibility: to our family business, our customers, and a community that has trusted us for generations. They deserve this facility, and we refused to let setbacks stop us.”

When complete, the new 12-acre Genesis campus will showcase more than 30,000 square feet dedicated exclusively to Genesis auto sales, service and luxury customer experiences — one of the first of its kind in the worldwide Genesis network. The facility will join a growing number of new standalone locations being built in the United States, offering service, parts and a premium selection of vehicles, and will be convenient to shoppers across Naples, Bonita Springs, Estero and the east coast of Florida.

The project, originally scheduled to begin in early 2025, faced an unexpected and prolonged delay due to the complex

coordination required around a longstanding roadway easement neighboring the site.

“There were days when progress felt painfully slow,” Zellers said. “We entered countless conversations, explored every possible compromise, and fought for every inch of movement. And even when a mutual agreement couldn’t be reached with a neighboring property owner, we pressed forward — leaning on the permitting process, leaning on perseverance, leaning on prayer, and leaning on friends who reminded us to keep going. And we did.”

The delay affected more than 5,000 current Genesis auto owners throughout the region.

“Our customers showed remarkable patience and grace,” Zellers said. “Their encouragement, loyalty, and belief in what we’re building gave us strength. They reminded us why we were fighting so hard. They are the heartbeat of this project — and they are absolutely worth

LSI Companies brokers a 600-acre agricultural property in Punta Gorda

LSI Companies brokered a 600-acre agricultural property in Punta Gorda for $9 million.

The property was acquired by 1897 Del Prado Blvd. and New Investment Bank Building, from Five H. Family, Florida Land & Properties and Hathis Wadi.

The property is located on North Tamiami Trail. The deal was brokered by Billy Rollins, CCIM, ALC, and Hunter Ward, CCIM, ALC, of LSI Companies.

We Care About SWFL Commercial Realtors

every moment of the wait.”

The new Genesis of Naples will feature its own dedicated showroom, service and maintenance department, replacing the Zellers family’s current location adjacent to its Tamiami Hyundai dealership. Throughout the construction process, Genesis of Naples will continue serving customers from the shared location with a newly renovated Hyundai on AirportPulling Road North, supported by an expanded Genesis-dedicated staff to ensure a premium experience every step of the way.

“This project is not just metal, concrete and glass,” Zellers concluded. “It’s a testament to grit. To faith. To the unshakeable belief that doing the right thing — even when it’s hard — always leads somewhere extraordinary. We are building more than a dealership. We are building a legacy, a promise, and a new chapter for Genesis in Naples. We cannot wait to welcome everyone into this new home soon.”

call Karen at (239) 770-7527

Genesis of Naples has consistently ranked among the top five volume Genesis franchises in the continental United States. It also is one of only a few U.S retailers to receive the Circle of Prestige Award of excellence in sales, service, guest experience and overall satisfaction (2020, 2021, 2022 and 2023).

The Genesis brand is a luxury vehicle division of Hyundai Motor Group that was introduced in 2008.

The Zellers family also owns Tamiami Ford on Airport-Pulling Road North. The Tamiami dealership brand has been a force in Naples since Arlie Zellers launched Tamiami Ford in 1973. Today, the Zellers family – Robert and Sheila Zellers, daughter Joy Zellers-Rautenkranz and son A.J. Zellers – represent one of the last privately owned auto dealerships in Southwest Florida. Between the three dealerships, the family employs nearly 300 in Collier County with annual new and preowned sales surpassing 5,000 vehicles.

Kolter Urban celebrates the grand opening of Naples office

Kolter Urban, a real estate development and investment firm, proudly announced the grand opening of its new Naples office on 1400 Gulf Shore Boulevard North. Serving as a significant milestone in the firm’s continued growth along Florida’s Gulf Coast, this expansion reflects Kolter’s dedication to delivering thoughtfully designed, community-driven residential developments across Southwest Florida.

“We are excited to open a permanent office in Naples, a move that was only natural given our long-term vision for Southwest Florida,” said Brian Van Slyke, president of Kolter Urban. “We’ve been active in this market for years, and this new space will allow us to strengthen our relationships with residents, partners

Burwell Material Handling opens Fort Myers branch

Burwell Material Handling

opened a rebranded and upgraded branch location in Fort Myers, following the company’s acquisition of W.E. Johnson Equipment Company earlier this year.

The location, along with one in Doral, features additional parts distribution, service bays, and rental yard capacity, giving South Florida customers greater access to an expanded lineup of brands and services.

The new branch in Fort Myers is located on Warehouse Road.

“Opening these upgraded locations means faster support and broader capabilities for customers across South Florida,” said David Milanes, district director for Burwell Material Handling. “We’re excited to welcome customers to stop by, connect with our team, and check out our new facilities, where we’re ready to help you find the right equipment solutions for all your material handling needs.”

The Florida openings advance the family-owned company’s mission to deliver smarter, safer lifecycle solutions for material handling, including equipment, rentals, parts and service, warehouse solutions and advanced fleet technologies.

and local community members. Having a permanent presence in Naples enables us to continue delivering communities that embody the very best of Gulf Coast living.”

The Naples office will serve as the strategic hub for Kolter’s growing regional portfolio, which includes 3300 Gulf Shore, Olana Naples and The Island at West Bay Club. These highly anticipated luxury residences are redefining Gulf Coast living by offering thoughtfully designed waterfront-inspired communities that combine timeless architecture, premium finishes and exceptional amenities. From curated social spaces to wellness-focused offerings, each development is designed to enhance the lifestyle of residents

while contributing to the vibrancy and long-term value of the community.

“Naples and the surrounding region represent some of the most dynamic real estate markets in the country,” Van Slyke added. “Our growing presence here emphasizes our belief in Southwest Florida’s continued growth, as it becomes a destination for opulent, connected living.”

With offices throughout Florida—including downtown Sarasota, St. Petersburg and Tampa—and a rapidly expanding Gulf Coast portfolio, Kolter remains committed to creating communities defined by inspired design, premium amenities, and waterfront locations.

Stevens Construction completes Toasted Yolk Cafe

The Stevens Construction special projects team has completed an interior renovation for Toasted Yolk Café, located at 22941 Lyden Dr. in Estero, announced Joseph Cimilluca, director of special projects, Stevens Construction.

In seven weeks, the Stevens Construction special projects team transformed a vacant tenant space into the newest location of the full-service breakfast and lunch destination, marking Toasted Yolk’s first Southwest Florida location.

With a full bar, Toasted Yolk specializes in Eggs Benedict, waffles, pancakes and house-made doughnuts. The Estero location of Toasted Yolk opened Dec. 16.

The project included the demolition of the interior finishes within the 3,460-square-foot space and the construction of new partition walls, sanitary lines, sound insulation, doors, trim, bar and installation of mechanical,

electrical and plumbing to accommodate the new commercial kitchen equipment.

The special projects team included Project Manager Gio Cardet, Superintendent Josh Bishop and Project Administrator Taylor Albers.

Naples Airport releases Q4 Fly Safe Fly Quiet Leaderboard

The Naples Airport Authority released the names of 12 operators that topped its Fly Safe Fly Quiet Leaderboard during the fourth quarter of 2025.

The quarterly leaderboard recognizes top operators that comply with Naples Airport’s initiatives designed to mitigate noise and improve the quality of life for those living and working near the airfield. Naples Airport evaluates operators on a series of metrics, including compliance with voluntary curfew hours of 10 p.m. to 7 a.m. and adherence to the FAA-approved glide path and jet noise stage.

Operators recognized for their performance in October, November and December 2025 include the following: Jets (greater than 1% of flight operations): Northern Jet Management; Exclusive Jets; JetSelect.

Jets (less than 1% of flight operations): Alliance Aviation Group; ATI Jet (Jetvia); Executive Airshare.

Piston Engines: N738NE; N4422R; Space Coast Aircraft.

Turboprops: Zulu Air; Tradewind Aviation; Wheels Up Partners

“Over the years, Naples Airport has implemented a multitude of noise abatement measures to help reduce

GUEST COMMENTARY

It’s about finding

By Jerry Belle Guest Commentary

noise levels and be a considerate neighbor to those living near the airport,” said Naples Airport Authority Executive Director Chris Rozansky. “We can continue drafting policies

students a career—not just a job

The Immokalee Foundation has continually adapted to its students’ needs while making an impact in Southwest Florida. The Foundation has enriched the lives of motivated students from Immokalee for 34 years—over 18,000 students since its inception and 1,300+ this year alone.

The objective from the beginning has been to support students after school and during the summer through programs to ensure they successfully navigate the many demands on their time.

It is a focus on comprehensive and individualized support that differentiates The Immokalee Foundation from other organizations with similar goals. The Foundation is Southwest Florida’s first and only organization offering a full continuum of support—from middle school through postsecondary education and into a professional career—with impressive measurable outcomes that transform lives.

Our emphasis on scholarships is part of our legacy as an awarded affiliate of the state of Florida’s Take Stock in Children program, which provides a dollarfor-dollar match with every dollar becoming two dollars in scholarship funding.

The goal of many students and their parents has been to ensure that the student has the financial means to provide it. But in the current environment, it is becoming clear that not all students need to graduate from a four-year university to be successful.

There is growing support demonstrating that postsecondary focus should be on a successful career, not just a diploma. That may even mean that certification in a field of study from a technical school provides a better opportunity for some students to secure a wellpaying job than the investment in a four-year college education. This philosophy is reinforced by local businesses, which are struggling to find well-prepared young professionals.

The Immokalee Foundation is positioned to benefit the workforce needs of all of Southwest Florida through our award-winning Career Pathways pro-

gram. Each year, over 370 Foundation students are guided from middle school through high school to select an in-demand career pathway that aligns with their interests. Pathways include Business Management & Entrepreneurship, Education & Human Services, Engineering & Construction Management, and Healthcare.

Specifically, the Foundation provides guidance, programs, summer camps, and internships to participating students in their chosen career fields. Support also includes a focus on soft skills development to better prepare students for real-world experiences. Much of this is achieved through 100+ volunteer mentors, who meet regularly with their respective mentees.

The result? The Immokalee Foundation is creating the well-trained workforce of the future.

Even today, Immokalee Foundation alumni design and build the homes you live in and operate many of the businesses you patronize regularly. They teach your children, fulfill vital roles in the nation’s military, and work on your healthcare teams. It’s comforting to know they will be there for us when we need them the most.

Regardless of the charitable pathway you choose, please join us in supporting these deserving students. Southwest Florida’s economic future depends on all of us doing our part. Southwest Florida’s economic future depends on all of us doing our part.

Jerry Belle is Board Chair for The Immokalee Foundation. Contact (239) 430-9122.

and implementing guidelines, but it’s up to our tenants, charter companies and flight schools to comply. These 12 operators are demonstrating their commitment to safety and minimizing noise levels.”

During the fourth quarter, operators had a 98.4% compliance rate with Naples Airport’s voluntary nighttime curfew.

The fourth quarter also saw the introduction of Naples Airport’s newest noise reduction initiative after the FAA approved new flight procedures to enhance safety, increase efficiency and reduce noise.

Starting Oct. 2, pilots and operators were advised to descend at a steeper slope (3.5 degrees vs. 3 degrees), meaning aircraft would fly at higher altitudes on their approaches above neighborhoods near Naples Airport. Additionally, airplanes in holding patterns started flying at higher altitudes (3,000 feet vs. 2,100 feet) and over less populated areas, including the Gulf and the Everglades.

Public relations is often misunderstood. Many people think PR is simply about sending press releases and hoping for coverage. In reality, that’s only a small part of a much larger, more strategic discipline.

BY KATHY PRUTOS Guest

What PR does is shape perception. It builds credibility over time by positioning a brand, business or individual in relevant conversations with the right audiences. Effective PR identifies compelling stories, refines messaging and aligns media opportunities with business goals. It also ensures consistency across communications channels and prepares organizations for changes before challenges arise.

What PR doesn’t do is guarantee instant results or control what the media says. Unlike advertising, PR cannot buy coverage or dictate headlines. Media attention is earned, not paid — which is exactly why it’s so powerful. PR also isn’t a one-time fix. A single article won’t transform a brand overnight, but sustained, thoughtful PR can shape how a business is perceived for years. At its best, public relations isn’t about chasing publicity. It’s about building long-term credibility that supports real business success. Ready to move beyond press releases and take a more strategic approach to your brand’s visibility? Working with an experienced PR partner can make all the difference.

Kathy Prutos is the founder and CEO of Prutos PR. Contact Kathy@PrutosPR.com or (239) 572-3783.

When Life happens and you’re not prepared, my team and I are here for you, to help with unexpected bills.

Here’s what Kelly’s customers are saying:

“ Kelly came into my business and educated my employees about the benefits that she offers and was very helpful and offered my employees the option if they wanted to use it or not. She is who you need to go to as a small business owner.”

— Chase Brzeczek

“Excellent service. Kelly has been fabulous, she’s knowledgable, attentive and has been really helpful in providing us with the information we needed to obtain the best plan for our needs. Thank you!” — Jackie Pike

SBDC at FGCU announces 2026 Distinguished Entrepreneur Awards

Following a record-setting year marked by unprecedented attendance, sponsorship and regional engagement, the Florida Small Business Development Center at Florida Gulf Coast University announced the 14th Annual Distinguished Entrepreneur Awards, to be held on Wednesday, May 6, at the Cohen Student Union Ballroom on the FGCU campus.

Held annually during National Small Business Week, the Distinguished Entrepreneur Awards recognize Southwest Florida business leaders whose innovation, leadership and community impact continue to shape the region’s economic future. The 2025 event welcomed hundreds of business owners, civic leaders and community partners, setting new benchmarks for participation and reaffirming the Awards as one of Southwest Florida’s most significant celebrations of entrepreneurship.

Now in its 14th year, the Distinguished Entrepreneur Awards serve as a defining platform for hon-

Don’t forget to post your in-person and virtual business events on our B2B events calendar at swfloridabusinesstoday.com/calendar

oring individuals and businesses that demonstrate excellence, resilience and long-term vision. Honorees represent a broad cross-section of industries and backgrounds, united by a shared commitment to growth, service, and regional prosperity. The program not only celebrates achievement, but also highlights the essential role small businesses play in building a strong, locally driven economy.

Awards are presented across three primary categories:

Distinguished Entrepreneur of the Year — Recognizing an established business leader whose company delivers a creative or essential product or service, demonstrates sustained growth and shows a

clear capacity for innovation and adaptation.

Servant Leader — Honoring an individual whose commitment to mentorship, advocacy and community engagement has strengthened the Southwest Florida small business environment and supported long-term economic vitality.

Emerging Business — Recognizing a business founded within the past three years that has shown early success, a strong mission and demonstrated leadership potential.

The 2026 Distinguished Entrepreneur Awards will once again bring together entrepreneurs, community leaders, sponsors and supporters for an evening of recognition, connection, and reflection on the entrepreneurial spirit that continues to move Southwest Florida forward. Building on last year’s momentum, the upcoming ceremony is expected to draw strong attendance and continued regional engagement.

Three reasons to stay seated during Super Bowl commercials

Year after year, Super Bowl commercials showcase some of the highest-level brand storytelling in the advertising. Some TV spots make you laugh, some make you cry. Some have great storylines and others leave you scratching your head. The hope, for advertisers anyway, is that you’ll remember their brand the next time you need to purchase a product or service they sell.

Many sports fans use commercial breaks to refill their plates with finger food, but business owners and managers have a reason to stay seated. Super Bowl commercials, which AdWeek reports cost $8 million for a 30-second spot in 2026, offer an opportunity to glean insights and ideas to score a touchdown with their next advertising and marketing plan. Below are three reasons to tune into the big game on Feb. 8:

(1) Super Bowl commercials demonstrate consumer and cultural trends. Various themes dominate the airwaves every year. From nostalgia and AI to inclusivity and sustainability, brands use themed ads

BY TERI HANSEN Guest Columnist

to mirror or shape what the audience cares about in the moment. Business leaders can take notes of any themes that are being repeated, and then pose the question: is this something my audience cares about? If the answer is yes, perhaps it’s worth strategically incorporating into your next campaign.

(2) Ads showcase integrated marketing strategies. Super Bowl commercials are rarely standalone. Instead, they often connect to social media campaigns, influencer partnerships or product launches. Observing how these different strategies intertwine and thoughtfully including them in a future campaign can enhance their reach and impact.

(3) High-value TV spots serve as creative effec-

tiveness benchmarks for the year. Even on a local scale, Super Bowl commercials set the expectation for creativity and production quality for the year. Viewers watch, judge and discuss the quality and creativity of Super Bowl commercials, then subconsciously compare what they’ve seen during the Super Bowl to other ads popping up on their screens. Highquality production, thoughtful and concise messaging and eye-catching visuals ensure content and campaigns are Super Bowl worthy all year long.

When the whistle sounds and the broadcast cuts to commercials, put down the chicken wings and pizza, and grab a pen and paper. Take notes and you just might find inspiration for your next marketing win.

Teri Hansen, APR, is founder, president and chief creative officer at Priority Marketing, Southwest Florida’s largest full-service marketing, advertising, public relations, website development and digital marketing agency. Contact (239) 267-2638.

RadNet expands to Southwest Florida with acquisition of Radiology Regional

RadNet, a national leader in providing outpatient diagnostic imaging services and a global developer of digital health solutions, acquired Radiology Regional, a division of LucidHealth serving Southwest Florida. The expansion brings RadNet’s operational efficiencies and leading imaging technologies to 13 locations across Naples, Cape Coral, Fort Myers, Port Charlotte and Sarasota.

In the past half-century, Radiology Regional has provided a comprehensive multi-modality offering that includes MRI, CT, PET/CT, mammography, ultrasound, X-ray and other related procedures.

“After careful consideration of the long-term success of LucidHealth and

Radiology Regional, we are confident that RadNet’s acquisition creates meaningful growth opportunities for both organizations,” Steve Corbeil, CEO of LucidHealth, said.

“Together, we remain steadfast in our commitment to physician-led clinical operations and delivering exceptional patient care. At LucidHealth, our strength lies in supporting a broad network of radiologists and healthcare partners. This transition enables us to sharpen our strategic focus while positioning Radiology Regional for continued success in outpatient imaging services.”

The acquisition is projected to add approximately $100 million of revenue to RadNet in 2026.

SLIDES PAGE 1

Owned by local residents Bobbie Jo and Ryan Cox, the Fort Myers location marks a major milestone for Slick City’s national expansion and brings the brand’s one-of-a-kind experience to one of the fastest-growing regions in the country. The couple, who met during their early corporate careers and now live in Naples with their three children, were inspired to invest in a business that blends family, community and fun.

“Southwest Florida has always been home, and we’ve watched it transform into one of the most dynam-

ECONOMIC PAGE 1

ic family destinations in the country,” said Bobbie Jo Cox, co-owner of Slick City Fort Myers. “Slick City fills a gap here, something exciting, active and totally unique for families when the Florida weather keeps them indoors. We can’t wait for this park to become a place where our community can come together and make memories.”

The Fort Myers park will feature over a dozen proprietary attractions, including massive dry slides engineered for maximum speed, air courts and family-friendly play zones for all ages. Slick City’s patented slide technology, designed by Slick Slide, delivers an unmatched experience that combines the rush of an amusement

‘turn our backs’ on those legacy industries, but to incentivize targeted high-wage organizations to come to Collier, like corporate headquarters, healthcare sciences and financial services. We’ve had success lately in attracting all three of those to Collier County.”

Some 60,000 people a day commute from outside of Collier County to work there, Giblin noted. “Then they go home. About half of them go to Lee County, 25% of them to Dade or Broward counties; the rest are returning to Central Florida.”

To address this situation, he explained, developments are currently underway using the Live Local Act.

“Maybe it’s a double-edged sword,” he remarked, “because for every development that takes advantage of it, you’re taking commercial real estate out of the development market. But, you’re providing a much-needed resource— workforce housing.”

Charlotte County

“It’s been a record year for our capital investment in Charlotte County,” Economic Development Director Kay Tracy shared. “Not including retail or hospitality, only what came through the EDO (Economic Develop-

park ride with the accessibility of an indoor playground.

“This opening represents everything we love about Slick City—fun, family and community,” said Ryan Cox, co-owner.

“Our goal is to build something that stands out in Southwest Florida entertainment while giving back to the place we call home. We’re excited to open our doors and be a positive force for families, schools and local organizations.”

Slick City Fort Myers is expected to create upwards of 60 local jobs, from management to guest experience roles, further contributing to the region’s economic growth.

ment Office), we created $88.6 million of new capital investment; our goal was $50 million.”

She continued, the EDO helped drive the creation of 226 new high-paying jobs and also landed $280 million worth of federal contracts for local small businesses. “So that was big impact for us,” she said.

Tracy discussed a transformative project.

“Charlotte County’s Public Schools is working very closely with Space Florida. They know we are building our aviation sector in our airport area, and they developed the Aviation Maintenance Professional program that we have currently. This program in turn attracted a Maintenance Repair and Overhaul company to Charlotte County that will be turning dirt this year. With their FAA (Federal Aviation Administration) certification, kids coming out of school can make $75,000 a year there, and this company is creating about 100 new jobs for Charlotte County.”

Hendry County

Hendry County Economic Development Council Director Keitha Daniels shared, “What we’re most excited about is hotels. One hotel is under review. There’s another one that is currently looking to get established on the Hendry-Lee County line. So, we’re really excited to have that, because that opens us up for other events to happen in our community.”

She noted, “Agriculture is still our largest industry. The county has actually hired a consultant to do a feasibility study for 300 acres that we own to determine if it could be a feasible location for an agricultural technology and innovation center, incorporating AI/technology/ robotics/automation, which leads into cyber security and a lot of other things. We’ve been talking to some tech companies in other parts of the country that want to establish in Florida, so we’re really leaning into that agricultural aspect of our community.”

The future of Southwest Florida?

Talmage spoke to the future and filling workforce skills gaps via the education system in Lee County. “We have a big challenge: we need 200,000 new workers to replace retiring workers and to fill new jobs over the next three years in Lee County. That’s a big order,” he said.

“Hendry, Charlotte and Collier counties are facing the same challenges. So, it’s going to be a big effort getting people to continue moving here to fill these positions. We have to make sure our educational structures are offering the kinds of curriculum and programs that are training the workforce for what they need, through micro-credentialing and other skill certification programs, in a variety of different areas, at all our colleges, universities and high schools.”

Countryman Vice President, Cash Management Officer

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