Newspaper article The Florida Times Union

Morning Briefing

Newspaper article The Florida Times Union

Morning Briefing

Article excerpt


Using neighborhood-led nonprofit organizations to help revitalize sagging communities will be the topic of a luncheon speech next week to area civic and business leaders by Michael Rubinger, a nationally recognized community development expert.

Rubinger is the president and chief executive of Local Initiatives Support Corp., a nonprofit that works in cities and rural areas across the country to support community development groups in neighborhoods that are creating affordable housing, commercial centers, job training and facilities, such as child care centers and health clinics.

The luncheon, which costs $5, will be held Wednesday at noon at the Small Business Center in the Gateway Mall, 5000-3 Norwood Ave.

Local Initiatives Support Corp. has been working in Jacksonville since 1999. It has invested $2 million in Jacksonville neighborhoods by offering community development corporations grants and low-interest loans. For information, call Joni Foster at 353-1300.


W.W. Gay Mechanical Contractor Inc. was named Private Company of the Year at the First Coast 50 Business Leaders' Luncheon at the Omni Hotel yesterday. It was the company's second selection since the award began locally in 1989.

W.W. Gay, a Jacksonville- based mechanical contractor with plumbing boiler, welding and exotic metals services, joins last year's winner, Amelia Island Co., as well as past winners Gate Petroleum, The Sudddath Cos. and The Haskell Co. The company was founded in 1962 by chief executive officer William W. Gay.

Privately held companies are nominated by peer companies in Jacksonville, and previous award winners select finalists. The winner is chosen by a committee made up of representatives from area public companies, based on accomplishments and contributions to the community.

The luncheon and First Coast 50 program is sponsored by Andersen, the business consulting firm, and The Florida Times-Union.


As part of its merger with Wachovia Bank, First Union is planning to shut down a small data center in Jacksonville that has about 10 employees.

The company is moving the data center's work to Wachovia's headquarters in Winston-Salem, N.C. A First Union/Wachovia spokeswoman said the local employees will be offered other positions within the company in the Jacksonville area.


Armor Holdings Inc. reported third-quarter earnings of $3.8 million, or 16 cents per diluted share, up from $2.5 million, or 11 cents a share, last year. Without merger and integration charges, earnings would have been $4.5 million in the quarter.

The Jacksonville-based security products and services company's revenue grew by 29 percent to $73. …

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