July 4 profit
TAMPA -- Winn-Dixie has announced it will donate all profits generated at its grocery stores on July 4 to the Wounded Warrior Project's Independence Program.
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The Independence Program is designed to help members of the military wounded in combat who need to rely on their families and friends. Individualized plans are created with goals to provide a future with purpose at no cost to the warriors or their support teams.
Ian McLeod, CEO of Winn-Dixie parent company Southeastern Grocers, said the company is choosing to make the donation because it operates in states with some of the highest active duty military populations in the U.S. Winn-Dixie operates 520 stores in Alabama, Florida, Georgia, Louisiana and Mississippi.
Winn-Dixie customers may also donate individually to the program by giving in checkout lines between July 1 and July 5.
The Wounded Warrior Project is a national, nonpartisan organization headquartered in Jacksonville.
Gov. Scott appoints two local business leaders
TALLAHASSEE -- Gov. Rick Scott announced the appointment of Celeste Dockery and the reappointment of David Arfons to the Board of Employee Leasing Companies.
Dockery, 56, of Lakewood Ranch, is the chief executive officer of Century Employer Organization Inc. She fills a vacant seat and is appointed for a term beginning July 2.
Arfons, 52, of Palmetto, is the president of Remedy Employer Services LLC. He is reappointed for a term beginning July 2 and ending Oct. 31, 2018.
The appointments are subject to confirmation by the Florida Senate.
The Board of Employee Leasing Companies is responsible for licensing and regulating employee leasing companies. The board meets regularly to consider applications for licensure, to review disciplinary cases, and to conduct informal hearings relating to licensure and discipline. The board engages in rulemaking to implement the provisions set forth in its statutes and conducts other general business, as necessary.
River Club Car Wash sells for $3.5 million
EAST MANATEE -- A state-of-the-art car wash with a futuristic flair has been sold to a New York-based wash management company just months after opening.
Palms 64 LLC, a Sarasota company that has owned the land under the River Club Car Wash since late 2013, sold the facility to D&I Wash Management for $3.49 million on June 19. Palms 64 bought the land, which is adjacent to Ranch Lake Plaza, for $820,000.
In operation at 5740 Ranch Lake Boulevard since February, the 3,500-square-foot car wash is being run by the husband-and-wife team of John and Danielle DeCosta.
30-yr. mortgage rates rise to 4.08 percent
The average interest rate for a conventional 30-year mortgage rose to 4.08 percent this week, its high point for the year.
Freddie Mac's weekly survey of lenders started the year at 3.87 percent and sank to 3.59 percent in early February. This week's report, released Thursday, showed the 30-year fixed-rate loan at or above 4 percent for the fourth survey in a row, and up from 4.02 percent last week.
Lenders offered 15-year fixed-rate loans to solid borrowers at an average of 3.24 percent, up from 3.21 percent a week ago, Freddie Mac said. The starting rates for adjustable loans also rose.
The slowly rising rates come as the Federal Reserve, having ended a bond-buying program designed to keep long-term interest rates low, is now pondering when to start raising short-term rates.
That increase would not only directly affect consumer rates tied to the prime rate, such as many home-equity credit lines and adjustable-rate mortgages, but also increase pressure on long-term rates like those on 30-year home loans.
-- Herald staff, wire reports