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Fast-growing Florida food service company coming to Tradition
PORT ST. LUCIE - Cheney Brothers, Inc., has chosen Legacy Park at Tradition in Port St. Lucie as the home for its newest distribution center.
The proposed 427,000-square-foot, $55 million facility will bring 380 new jobs to the area. Estimated wages per employee will exceed $55,000 plus benefits, approximately 35% higher than St. Lucie County’s average wage.
“We are extremely pleased to have the southeast’s foremost food service provider join the exciting group of companies soon to be calling Legacy Park and the Tradition Center for Commerce home,” said Pete Tesch, president of the Economic Development Council of St. Lucie County. “It is particularly gratifying to welcome a homegrown Florida company now in its fourth generation of family operation.”
The location incentive package includes expedited site plan review and permitting, abatement of city and county property taxes on the new facility for five years at 100%, with tax reductions ramping down for an additional five years; and city impact fee mitigation. St. Lucie County is also offering a five-year Job Growth Investment Grant at $2,325 per new employee.
“St. Lucie County and the city of Port St. Lucie have been great to work with, and we all look forward to opening this needed facility off Interstate 95 and Becker Road,” said Cheney Brothers CEO and Chairman of the Board Byron Russell.
Florida based renewable energy company moves into offshore arena
PALATKA– One of the Keuka Group of Companies, Keuka Research and Development, has moved into the U.S. offshore wind arena. The 175-MW (235,000 hp) project, now under construction at its facility in Palatka, Florida.
Its Hybrid RimDriveTM will be the first offshore project to produce liquid air and hydrogen instead of electricity. Project completion is scheduled for 2028, it is expected to produce the first renewable utility-scale stored energy.
"Even though we sacrifice about 50 percent of our shaft horsepower to produce liquid air and/or hydrogen, the low capital cost of the RimDriveTM system combined with mechanical liquefaction--without electricity puts it at a lower (Levelized Cost of Energy) LCoE than natural gas," said Keuka CEO Herbert Williams.
The ABS (American Bureau of Shipping) and BV (Bureau Veritas) are in the concept design review process of the Keuka Energy's Vee shaped liquid air/hydrogen storage wind platform and its 300-ton hybrid service vessel, The Tara Allen, which will be anchored well offshore.
"You can only imagine the excitement in working on what may well be the first project with the potential to start reversing climate change on a global scale and being the answer to wind and solar intermittency and they don’t even know it”.
See the plan: https://keukaenergy.com/company-2/
Annual 4th of July celebration returns to MIDFLORIDA Event Center
PORT ST. LUCIE – The MIDFLORIDA Event Center and the City of Port St. Lucie announce the return of the Fourth of July Ultimate Experience.
The Fourth of July Ultimate Experience will be hosted alongside Freedomfest, the City of Port St. Lucie’s signature Independence Day event and fireworks display.
“It’s more than just a show,” said Event Center Director Linda McCarthy. “The Ultimate Experience delivers an up-front seat to the greatest show on the Treasure Coast."
Admission is $30 for adults and $10 for children ages 3-12. Children 2 and younger are free.
Tickets go on sale Monday, May 24, at 9 a.m. and will be available at the MIDFLORIDA Event Center box office, online at www.etix.com or by phone at 800-514-3849. Sales tax and ticket fees apply.
NAPLES — One of the largest community banks in the region, First Florida Integrity Bank, has been sold. On May 28, TGR Financial Inc., was acquired by First Foundation Inc., and their two operating subsidiaries in an all-stock transaction valued at approximately $295 million.
“Because of its financial strength, profitable history and with much of its growth still before it, First Foundation makes for an ideal partner for our clients, employees, and shareholders.” said TGR Financial Chairman and CEO Gary Tice.
“First Florida Integrity Bank has built a valuable banking franchise and we are committed to continuing its legacy. This acquisition highlights our desire to continue growing our business in markets with attractive demographic and economic trends and we are excited to have a regional presence spanning from coast to coast.” said First Foundation CEO Scott Kavanaugh.
The acquisition, pending regulatory approvals is expected to close in the second half of 2021.
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