expansion | Capital Analytics Associates

Spotlight On: Diane H. Crews, President & CEO, Orlando Sanford International Airport

By: Yolanda Rivas

2 min read February 2020 — Since 1971, the Orlando Sanford International Airport (SFB) has been fulfilling its mission to bring convenient air travel to passengers and economic value to Central Florida. Today, SFB is one of the fastest-growing airports in North America, and it’s undergoing an expansion effort that will be completed late this year. SFB’s President and CEO, Diane H. Crews, spoke to the Invest: team about their recent accomplishments.

What is the status of the renovation project, and what changes are being implemented?

Our terminal expansion project is on schedule for completion in the fourth quarter of 2020. Basically, we are taking the existing footprint of the airport and making it more efficient and user-friendly for passengers and staff alike. Also, we are continuing to grow, and we know that maybe 10 years down the road we will need a new terminal building, but in the meantime, we need to facilitate our ongoing growth so we are adding four new gates and related improvements. For example, we are consolidating screening into one location, creating more way-finding signage and pathways to help passengers get to their destinations with more ease, adding more bathrooms and baggage belts, and even changing the façade of the airport to include an extended canopy to keep people out of the rain. We want our visitors to always feel comfortable while they travel. Our airport code is SFB, which we have adopted as a motto to mean Simpler, Faster, Better. It is important that the changes we’re making reflect this ideology. That’s what sets us apart.

To what do you attribute the significant passenger growth you have been experiencing?

I attribute the passenger growth to increased public awareness, getting the word out and letting people know we are here and that we offer over 75 nonstop destinations. The growth of the region has had a significant impact as well. We bring our passengers an easy and convenient experience overall, and that is very appealing. The Orlando Sanford International Airport has been used mostly for leisure travel, especially because our flights do not have the frequency that business travelers need. However, that is starting to change. We are seeing more business travel, and we are going to be working toward increasing that component of our operation.

What has been the impact of your rebranding and new website?

The primary emphasis for the airport’s rebranding and new website was to modernize our appeal and accessibility. Based on the feedback we have received thus far, we have hit a homerun in both areas. The focus on travel convenience and a myriad of affordable and diverse travel opportunities showcased via an updated, mobile-friendly website has proven to be a winning combination.

To learn more about our interviewee, visit:

Orlando Sanford International Airport: https://flysfb.com/

Growing Population Underpins Palm Beach Hospital Expansions

By: Sara Warden

2 min read February 2020 — Palm Beach’s population is growing and, with an increasing need for medical services, providers are getting innovative to avoid saturated doctors’ practices and hospitals. Last month, Florida overtook Texas as the No. 1 state for population growth, and West Palm Beach came in fifth in terms of growing cities. All this growth increases the need for infrastructure and services to serve the population.

The University of Miami announced this week it would be launching a concierge medicine program in Palm Beach that includes internal doctors and an on-site laboratory set to open in the fall. This would be the first UM medical systems concierge medical office in Palm Beach and would be located in 7,000 square meters of rented space at the Flagler Banyan Square mixed-use project.

Concierge services are an alternative to relieve the pressure from primary care providers. UHealth Premier services, for example, include an annual check-up, short waiting times, same or next-day appointments, and 24-hour phone contact with a doctor seven days a week, all for an annual membership fee. The clinic in West Palm Beach will specialize in urology, gastroenterology, cardiology, neurology and dermatology.

The news comes as Cleveland Clinic, Baptist Health and Joe DiMaggio Children’s Hospital also announced they would be expanding their presence in Palm Beach County by offering more services and locations for patients.

The Cleveland Clinic is reportedly considering building its own 50,000-square-meter facility in Downtown West Palm Beach, expanding from its current 7,400-square-foot practice in the Village Green Center in Wellington. It has reportedly made enquiries about a property on Okeechobee Boulevard, east of I-95.

NYU Langone Health also arrived in Palm Beach in November 2017 with its multispecialty ambulatory practice providing primary and cardiology care, often offering same-day appointments. “NYU Langone’s first Florida location in Delray Beach has been enthusiastically embraced by the community,” said Andrew Rubin, vice president, clinical affairs and ambulatory care at NYU Langone. “For this reason, we are extremely excited to introduce a second Florida practice in West Palm Beach to provide high-quality and personalized care to an even greater number of our patients who reside in Florida.”

Joe DiMaggio Children’s Hospital first expanded into Wellington with a 30,000-square-meter practice in 2019, but due to demand, it has already expanded its service offering, recruiting more doctors with specializations in disciplines such as cardiac and neurosurgery. “The demand for our outpatient rehabilitation services is well above our expectations,” said Caitlin Stella, managing director of the Joe DiMaggio Children’s Hospital to the Palm Beach Post. “We are bringing the more complex programs faster than expected.”

To learn more about our interviewees, visit:

https://med.nyu.edu/

https://umiamihealth.org/

https://my.clevelandclinic.org/

https://baptisthealth.net/en/pages/home.aspx

https://www.jdch.com/

Gloucester County Emerges as the Jewel in South Jersey’s Crown

By: Sara Warden

2 min read January 2020 — In a roundtable published in Forbes this week, the magazine’s Real Estate Council made a definitive ranking of the 14 Up-and-Coming Real Estate Locations to Watch. Coming in at No. 13 was none other than South Jersey’s very own Gloucester County. “For the most inspired growing area, look to Gloucester County in South Jersey!” said panelist Nancy Kowalik, owner of Nancy Kowalik Real Estate Group.

But why is this county gentrifying so quickly? According to Kowalik, it’s because Gloucester County has everything. “Located close to the city and the shore, we have green spaces, room to breathe, wineries, a quaint Downtown and bike paths,” she said. “It’s all here, and that’s why world-class Rowan University is growing. A new 1,000-bed, state-of-the-art hospital is opening, too.”

The hospital to which she is referring is the Inspira Medical Center Mullica Hill, 465,000-square-foot development over 100 acres with 210 private rooms, a maternity center and 62-room emergency department. The project, the county’s first new hospital in almost 45 years, was built with raised funds of $23 million, a campaign that took just seven months to reach its target.

“This is a tremendous day for South Jersey, Gloucester County and our health system,” John DiAngelo, Inspira Health’s CEO and president, said at the hospital’s ribbon-cutting ceremony in December. “With this new hospital, our commitment to providing exceptional care for our community, in our community, reaches a new level. We are excited to bring the latest in healthcare to the people of Gloucester County and surrounding communities.”

As far as the university expansion, one of the main developments has been the $400 million, 26-acre Rowan Boulevard project.

As well as the healthcare sector and academia, Gloucester County is also proving to be attractive for the private sector, and has become somewhat of a home to craft breweries. The most recent addition is Core3Brewery, a new player that joins the ranks of Human Village Brewing Co. in Pitman, Eight & Sand Beer Co. in Woodbury, Cross Keys Brewing Co. in Williamstown and Death of the Fox Brewing Company in Clarksboro.

“We were really drawn to the way they are building up the area around the college and definitely see the positive direction the area is moving in,” Krystle Lockman, owner of Axe and Arrow Microrewery, told South Jersey Business Journal. “It’s great to be on the ground floor of this redevelopment project in an area we have so many ties to.”

And Core3’s owner, Lawrence Price, told South Jersey Business Journal that the ease of doing business in the county will only contribute to its continued growth. “[The borough] has been so supportive and helpful and business friendly. Everything they could do to help us, they did,” he said. “Mayor Tom Bianco has always been upfront with us and in the mix of things, stopping by at least once or twice a week to see how things are going and if there is anything he can do.”

To learn more, visit:

https://www.nancykowalik.com/

http://www.inspirahealthnetwork.org/mullicahill

https://www.rowan.edu/

http://www.core3brewery.com/

https://axeandarrowbrewing.com/

Spotlight On: Kevin Miller, President & CEO, Addition Financial

By: Yolanda Rivas

2 min read November 2019 — As the banking sector gets more concentrated, some financial institutions are implementing rebranding efforts to meet the demands of customers and keep up with the latest innovations and technologies. Addition Financial recently went through a rebranding effort and is now focusing on expanding its footprint. President and CEO Kevin Miller shared the financial institution’s latest updates with Invest: Orlando.

What has been the impact of rebranding as Addition Financial?

In the last year we have made multiple changes, the biggest being our transition from a federal charter to a state charter. The state of Florida has a business-friendly environment and they were able to offer us some additional regulatory flexibility, for example a much larger territory and additional flexibility in the way we conduct our business and investments. We changed our name from Central Florida Educators Federal Credit Union to Addition Financial. We have also been expanding our footprint and recently acquired a small bank. These efforts have been part of our focus on expanding our presence throughout Central Florida.

We are focusing on our name change and rebranding effort to make it clear that more people can join the credit union. The rebranding has been positive, we have more people joining us and our new message, image and culture have been well-received. We have been in Orlando for more than 80 years. We have a great relationship with the community, which is vibrant and growing at a rapid pace. The diversity of culture in Orlando, provides us with numerous opportunities to continue our expansion and reach more people.

What differentiates Addition Financial from the competition?

As a credit union, we are a not-for-profit financial institution, which means that our motivations are different than the for-profit institutions. A differentiator for us is our focus on the community and our educational ties. When we interact with our members we focus on the educational aspect. We support education and we also make sure that we educate people about financial literacy. We partner with K-12 schools in Orange, Osceola and Seminole counties and we have student-run branches in some high schools in each of those counties. We train the students to run the branch and teach financial literacy to their peers. We also have a program to educate college students on meeting their unique financial needs. In addition, we are working on housing affordability with these partners. We partnered with the districts to create a custom program to help teachers live in the communities where they work.

What are some notable changes in Orlando’s banking and finance sector over the last few years?

A lot of the people who come into our branches are surprisingly young. The younger generations are looking for consulting and advisory types of services, while the older generation comes to our branches mostly for transactions. In terms of services, we have seen an uptick in small business demand. We focus on smaller businesses that maybe don’t feel like they have enough size or capital to go to some of the larger financial institutions. Lending is at an all-time high for us. We are seeing a lot of refinancing, especially with interest rates being so low.

To learn more about our interviewee, visit:

Addition Financial: https://www.additionfi.com/

Return to Invest: Orlando

ATLNext Targets New Heights

By Sara Warden

2 min read SEPTEMBER 2019 For the 21st consecutive year, Atlanta’s Hartsfield-Jackson Airport was named the world’s busiest airport this month. With passenger traffic of over 107 million in 2018, the airport continues to serve as a major economic driver of the city. Capital Analytics took a closer look at the characteristics that make the airport the world’s transport hub.

ATL is the state of Georgia’s largest employer, generating 63,000 direct on-site jobs and creating an estimated $34.8 billion economic impact for Metro Atlanta – or almost 7% of total state GDP. The 47,000-acre Hartsfield-Jackson facility has 263 concessions, 193 gates, seven concourses, five runways and the tallest control tower in North America, coming in at 121m.

“It’s a complex operation,” Airport General Manager John Selden told How Stuff Works. “One little piece going astray can cause massive chain-reaction ramifications. To keep the complexity of this operation running smoothly, it takes a village.”

But to keep operations running smoothly, the airport must constantly keep up with growing passenger numbers through more and more expansions. “As you look at passenger flow over time, it’s always trying to eliminate the bottleneck,” Tom Nissalke, the airport’s assistant general manager of planning told How Stuff Works. “Sometimes, when you fix one bottleneck then it’s another bottleneck somewhere else.”

In 2016, the Hartsfield-Jackson Airport unveiled ATLNext, a $6 billion capital investment in the continuous expansion of existing infrastructure. By 2022, a total of $1.9 billion is to be invested in the modernization of the central passenger terminal, which will include aesthetic renovations that involve landscaping and lighting, as well as the extension of Concourse T to add five new gates and the addition of 10 new gates to Concourse G.

To accommodate growing air traffic, $1.3 billion will be invested in airfield upgrades that include a sixth runway, slated to be completed by 2034. Investments in auxiliary services such as parking and a mixed-use hotel and office space development are also planned. Air cargo facility upgrades will come in at around $200 million.

“The infrastructure has to keep up with the growth,” Selden said to Reporter Newspapers. “We cannot turn into [New York’s secondary airport] LaGuardia. My goal and my team’s goal is to do everything we can to work with everybody that we need to [in order to] ensure that Hartsfield-Jackson is not a limiting factor on the growth of the Atlanta region.”

The investment is a joint venture between the public and private sector. A consortium of three companies – CH2M Hill (since acquired by Jacobs), RohadFox and Parsons Transportation Group – won the contract to carry out the ambitious expansion. Overall, PPPs are an innovative idea in airport projects, but could be the future, allowing the public sector to free up funds for other priorities. “I think we’ll see other examples where other companies get involved. And gradually, familiarity builds, and it won’t seem outlandish at some later date when the subject of the whole airport comes up,” said Robert Poole, director of transportation policy at Reason Foundation, in an interview with the Atlanta Journal-Constitution.

To learn more about our interviewees, visit:

http://next.atl.com/

https://reason.org/

http://www.rohadfox.com/

http://www.jacobs.com/

https://www.parsonsgroup.co.uk/

Spotlight On: Diane H. Crews, President & CEO, Orlando Sanford International Airport

Growing Population Underpins Palm Beach Hospital Expansions

Gloucester County Emerges as the Jewel in South Jersey’s Crown

Spotlight On: Kevin Miller, President & CEO, Addition Financial

ATLNext Targets New Heights

Recent Posts

Stay in touch with us