• A weekly roundup of business news
• Sunshine Ace Hardware owner Michael Wynn has wasted no time making good on his expansion plans for the former True Value Hardware store on San Marco Road opposite the Shops of Marco.
Since the Jan. 1 closing on the store, Wynn has nearly completed the "re-branding" of his entire stock, and the sporting goods department is close to occupying the section of the store previously used for renting out equipment.
Jared Traina manages the department and is bullish about its potential.
Already, it carries a full line of fishing tackle, ranging from starter kits at around $60 to high-end Accurate reels and G.Loomis rods.
An ardent fisherman clearly passionate about setting people up with the right equipment, Traina said the department will provide healthy competition for other tackle outlets on the island, such as marine stores and marinas.
Traina, who has been with the company for six months, said he places plenty of emphasis on display. He credits seasoned Naples store manager Tom Reynolds for inspiration.
Michael Wynn, representing the third generation at the helm of four other Sunshine Ace Hardware stores in the area, bought the business from longtime owner Doug Mathews.
Wynn and his family own Sunshine Ace Hardware stores in Naples, Golden Gate, Bonita Springs and San Carlos Park.
• Marco Community Bank has posted its first quarter earnings for 2006 with a positive response from Vice Chairman and CEO Stephen McLaughlin.
Of achievements such as finishing the quarter-end with total consolidated assets of $173.6 million, representing a $40.1 million increase over the same period for 2005, McLaughlin said: "We continue to be very pleased with the overall performance of our banking organization with less than three years of operations."
Other numbers posted for the period were:
Net income was $403,000 (unaudited), an increase of $150,000 or 59.3 percent over the $253,000 reported for the same period in 2005.
Shareholder equity was $19.6 million compared to $14.2 million in 2005, a 38 percent increase.
Marco Community Bancorp, Inc. and its subsidiaries are headquartered at 1770 San Marco Road, Marco Island.
• Organizations contributing to the community have the opportunity of being officially recognized by The Olde Marco Island Inn & Suites, First Integrity Bank and the Kruchten Law Firm.
The trio of sponsors is looking for entries for its annual Honoring the Community recognition series, the third of its kind.
Coordinator Sue Huff said the aim is to thank and show support for the various non-profits which strive to improve all aspects of life in the area.
In 2006, organizations honored included the Ferrari Club, the U.S. Coast Guard Auxiliary Squadron 95, the Naples Players and the Dr.
Piper Center for Social Services.
In 2005, recipients were the Marco Island Art League, Collier County Citizens Corporation, the Collier County Tax Collector's office, American Cancer Society "Relay for Life" Team, St. Matthew's House and the Collier County Chapter of the American Red Cross.
Honoring the Community receptions will take place from January through April, 2007, at The Olde Island Marco Inn & Suites (private penthouse) located at 100 Palm St. in Marco Island.
Applications are encouraged from all Collier County non-profit organizations working to maintain and improve the quality of life in our community. Deadline is Nov. 3. To request an application, contact Huff by fax at 596-7991 or e-mail through her firstname.lastname@example.org. address.
• A local business boycott suggestion in the wake of the recent lawsuit confronting the city over its septic tank replacement program has made the front page of the Marco Island Area Chamber of Commerce newsletter.
President Lee Willor-Spector reiterates in her monthly message that the Chamber has taken no position with regard to the mandatory septic tank replacement program. She laments that "an individual circulated an anonymous e-mail repeating the falsehoods" about the Chamber and suggested a boycott against Chamber members.
"In fact," Willer-Spector said, "one individual was reported to have gone to a local Chamber member's business and threatened the owners with a boycott of their business."
Willer-Spector went on to say, however, that the incident was believed to be isolated.
Nevertheless, she said, the Chamber felt it necessary to inform its members about the threat and assured them the Chamber would continue to work together to stay abreast of concerns to the business community.
Willer-Spector advises members to respond to queries about Chamber policy by stating the Chamber promotes and protects business interests ... (and) has taken and will continue to take actions to support business and help residents and customers.