Greater Fayetteville Business Journal- June 3, 2022 Issue

Drivers education

Pandemic steers couple to start business Page 5

June 3, 2022 - June 16, 2022 Vol. 2, No. 1

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WEB EXCLUSIVE In The News

FTCC to hold trades and technology expo bizfayetteville.com

Hospitality

Local organizations to host Juneteenth celebration Page 14

Banking + Finance

RELEVANT. LOCAL. BUSINESS.

Fitch Ratings assigns rating to Build NC bonds Page 23

STORIES YOU DON’T WANT TO MISS

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Greater Fayetteville Business Journal is proud to celebrate one year of delivering business news to its seven-county coverage area.

HAPPY BIRTHDAY! Index Publisher’s Note ..................................... 4 In The News ........................................... 5 Achievers ........................................... 8, 9 Military Business ........................... 12-13 Hospitality ...........................................14 Residential Real Estate ........................16 The List ................................................18 Banking + FInance ...............................23

Celebrating a year since the launch of Greater Fayetteville Business Journal

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ith a close proximity to Fort Bragg, I-95, and affordable costs of living, not to mention opportunities for business development and growth, legacy businesses, and forward-thinking entrepreneurs, it’s no wonder that Fayetteville has

>>

By Jenna Shackelford

positioned itself as an ideal place to live and work.

But after enjoying working in the tech industry for 30 years in the region, Marty Cayton became increasingly aware that the Fayetteville area had more business news than what was being broadcast.

In 2020, this reality became especially apparent to Cayton. A local angel investor and owner of TeamLogic IT, he brought the 14th location of VentureSouth, an angel investment network, to Fayetteville and was tapped to serve as the director.

See BIRTHDAY, page 7

Page 2

June 3, 2022 - June 16, 2022

Greater Fayetteville Business Journal

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By Jenna Shackelford

June 3, 2022 - June 16, 2022

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HOSPITALITY

Page 3

PHOTO BY JENNA SHACKELFORD

At a recent press conference, people with close involvement with the Center gave an update on the Center and answered questions. L-R: Demetrius Haddock, board member, Mary Lynn Bryan, vice chair of the board, Mac Healy, chair of the board of directors, Dr. James Anderson, co-chair on the board of advisors.

Shedding light on history THE NORTH CAROLINA CIVIL WAR & RECONSTRUCTION HISTORY CENTER MOVES FORWARD

O

n June 2 at 824 Branson Street in Fayetteville, the North Carolina Civil War & Reconstruction History Center gathered for its third and final groundbreaking on the main building.

The event will mark the Center’s fourth commemoration of Juneteenth, a holiday that observes the emancipation of enslaved people during the Civil War. It will be the third in memory of the late Hari Jones, who served as the assistant director and curator of the African American Civil War Freedom Foundation and Museum in Washington, D.C., on the Board of Directors of the National Civil War Museum in Harrisburg, Pennsylvania, and as a close advisor to the Center until his death in 2018.

Dr. Spencer Crew was the speaker at the event as part of the Hari Jones Memorial Lecture Series. Crew serves as the emeritus director of the National Museum of African American History and Culture, and is a member of the Center’s team of scholars. Crew is part of the team putting together the exhibits that will be featured in the history center. He has worked for over 20 years with the exhibit design firm, Eisterhold and Associates, including with the Rosa Parks Museum in Montgomery, the National Civil Rights Museum in Memphis and the International Rights Center and Museum in

Greensboro Although the discussion of the center has been ongoing since 2006, the center has been surrounded by controversy. In a recent press conference, several of the minds behind the Center sought to assure the public of the purpose of the facility and dispel false rumors. Mac Healy, chair of the board of directors, Mary Lynn Bryan, vice chair of the board, Dr. James Anderson, co-chair on the board of advisors, and Demetrius Haddock, board member, were all present at the meeting.

The people writing the curriculum are historians across the country.

Being a state-owned and operated facility, all four people said they are confident that the story will be an educational center and not one that only shares one side of the story.

One aspect that sets the History Center apart from a museum is that it will emphasize story telling over collecting artifacts by involving historians and people who have stories that they can contribute.

“The story we have to tell about this very, very difficult period in our history is a true story. It’s a story based on fact,” Bryan said. “Developed, as James said, by a group of scholars that are known worldwide.

They want to present an accurate picture and so do we.”

She said that she has heard concerns that the Center will become a

Confederate museum, but she calls those rumors “disconcerting.” In fact, she said that the Center was once offered a substantial amount of money to put confederate statues that were taken down up in the center, and the board refused the offer.

One benefit to being included in the North Carolina Museum System is the amount of money the facility will bring to the area. Over ten years ago, an economic impact study said that over 18 million dollars per year could be expected in the region from the Civil War & Reconstruction History Center. “If you want to fund your schools, if you want to fund your performing arts center, if you want to fund the Black Voices museum… we’re the answer,” Healy said.

Overnight visits, trips to other nearby places like restaurants, museums, the baseball stadium, the Cape Fear Botanical Garden, and more contribute to the huge financial impact that comes to Fayetteville.

“I like to think of what we’re doing as creating a destination city,” Anderson said. “We’re the missing piece that makes Fayetteville a destination city.”

“Longterm, what’s it going to cost me, as a businessman? This is one of those deals where to do nothing costs a lot more than to do something…

We are on the cusp of generating revenue that will lower my taxes,” Healy said.

GRAPHICS PROVIDED BY THE N.C. CIVIL WAR & RECONSTRUCTION HISTORY CENTER

The history center, which will be operated by the state, will be a scholarly resource that brings tourists to the area.

As a parent, Healy sees welcoming the history center as an opportunity to teach children accurately about the past. “It’s maybe too late for a number of people … to change their opinion. We owe it to our next generation,” Healy said. “I want to be hiring these kids that are going through our school systems. And I want them to be kids that go to places like history centers and learn how to think.”

“For me, it always was an economic thing first, and then I realized how little I know,” Healy said. “It’s a shame if we don’t take this opportunity.”

For more information about the N.C. Civil War & Reconstruction History Center, the facility’s story collection, and the exhibits, visit www.nccivilwarcenter.org.

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June 3, 2022 - June 16, 2022

Greater Fayetteville Business Journal

PUBLISHER'S NOTES

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4424 Bragg Blvd, Fayetteville, NC 28303 910-240-9697 bizfayetteville.com PUBLISHER Marty Cayton martyc@bizfayetteville.com EDITOR Jenna Shackelford jennas@bizfayetteville.com CONTRIBUTING WRITERS Charity Brandsma Diana Hansen Kathie Harris Jenna-Ley Jamison Monica Kreber Suet Lee-Growney Savanah Ramsey

PHOTO BY LRP MEDIA

The first-ever issue of Greater Fayetteville Business Journal was unveiled the day before its official release at a launch party at Highland Country Club in Fayetteville.

From launch to present

CONTRIBUTING WRITER MARKETING CONTENT Stacie Borrello CONTRIBUTING DESIGNER Samantha Lowe samanthal@bizfayetteville.com ACCOUNTING Priscilla Nelson billing@bizfayetteville

The Greater Fayetteville Business Journal is published twice a month throughout Fayetteville and the Cumberland County region.

News related to the region’s business sector is posted daily at bizfayetteville.com.

SUBSCRIPTIONS Your free trial of Greater Fayetteville Business Journal is ending soon.

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COMMEMORATING GFBJ’S JOURNEY

I

t’s hard to believe that it’s already been a year since we launched Greater Fayetteville Business Journal on May 28, 2021 — and what a year it has been!

From launching a digital platform to printing our first volume in its entirety, this year has been hectic, fun, educational, stressful, invigorating and everything else in between.

To stand back and look at the business news our team has put out is a great encouragement for two reasons.

1.

REPRINT For article reprints, plaques and more contact Jenna Shackelford at 910-240-9697.

ADVERTISING For advertising information, please email us at marketing@bizfayetteville.com or call 910-240-9697. © Copyright 2022 Greater Fayetteville Business Journal

2.

We can say we finally have our first-ever business publication that represents our region, the 4th largest metro in North Carolina. Our business community has deserved coverage for so long, and now we are proud to produce a resource that local companies can trust and depend upon.

Your stories can be told because of people like you. As hard as our team works, without growing industries, evolving companies, interested readership, and businesspeople who are willing to share their experiences, concerns, and hopes, our publication would not exist. We are forever grateful for your support.

In fact, the journey of launching Greater Fayetteville Business Journal was fueled by feedback from over 60 stakeholders in the business community who offered time in their busy schedules to meet with us, offer advice and direction, and share their visions for what an ideal business journal could look like in our community.

Among those who believed in us in our humble beginnings were people who would go on to be our founding sponsors – people who were willing to get behind our mission and us before we had even produced our first product.

Today, we can say that, in addition to a website, daily email, and print edition, we’ve launched our Book On Business, comparable to a book of lists in other markets, and our Power Breakfast, a premier networking event and panel discussion. We were excited to launch the annual Book On Business at our February Power Breakfast, in fact. The series, the support, participation and attendance have been well beyond my expectations. We are so blessed to live and work in the Fayetteville region.

We are growing and simultaneously recognizing the full extent of our potential.

Vol. 1, No. 1

I am proud of our great team that works diligently to make all of these things happen to produce high quality and relevant events and print and digital business content.

Thank you for your ongoing support of Greater Fayetteville Business Journal.

God bless you and yours!

MARTY V. CAYTON is the publisher of the Greater Fayetteville Business Journal.

910-240-9697, Ext 101 • martyc@bizfayetteville.com

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June 3, 2022 - June 16, 2022

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By Jenna Shackelford

Page 5

IN THE NEWS

The road less traveled

TWO PARENTS CREATE DRIVERS EDUCATION COMPANY AFTER STRUGGLING TO FIND PROGRAM FOR DAUGHTER

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hen Zachary and Bobbie Jo Wirt’s daughter was 14 ½ years old, she, like many teens, was eager to begin drivers education. But as a homeschool family, they ran into an unprecedented issue: She couldn’t get into a drivers ed class.

In years past, homeschoolers were able to attend drivers ed programs at high schools, but COVID created a roadblock for the Wirts.

“So, it is still considered an option for homeschoolers to go through the high schools. However, since COVID happened, the county is so backed up that they don’t have room for outside private school kids or homeschool kids,” Bobbie Jo explained. “It’s hard for even their own kids to get through the program, much less people from outside.”

The couple decided to learn how to instruct a drivers ed program out of necessity for their daughter; they traveled to Charlotte and took an 80-hour DMV certification course to equip themselves. From there, the vision evolved into a business that catered to other homeschool families.

“We’d do it on the side and then… it just took off from there,” Zachary said.

As the demand for drivers ed admission has grown, so has the audience that the Wirts have serviced with their company, All American Drivers Education Inc. “Now, we do drivers ed from anyone and everyone 14 ½ to 18, and then over 18 are considered adults by the state. There was absolutely no one servicing them in the area, so we took on that too.

We made sure we left holes in the schedule so we could plug adults in and help them achieve goals in life as well. It’s been quite a ride, and it’s only getting better.

When they were interviewed midMay, the Wirts reported that AADE served 956 families – not including the 185 adults they’ve also instructed.

AADE is located on Hay Street in downtown Fayetteville above Vagabond Cafe. “That’s where we hold our classes. We have 50 per class.

Those are maxed out all the way through August. It’s going to be a very busy summer,” Zachary said.

In the less than two years they’ve been open, the Wirts have found great success. How did they do it?

PHOTOS PROVIDED BY AADE, INC.

Zachary and Bobbie Jo Wirt have successfully served over 956 families and over 185 adults since the launch of their business not even two years ago.

“We advertise on Google and social media,” said Bobbie Jo. “Word of mouth, mostly.”

“That’s where the business really kind of beefed up,” Zachary said.

“After we initially got rolling… it was kind of what we thought it was going to be. You know, 15, 20, 30 kids a class. It’s kind of where we wanted to be at, and then once the word of mouth hit the school system, it blew

are.

“It’s,It’s‘Whowhocanweyou

trust your children with?’ Especially in the pivotal moment in their life when they’re starting to take steps to becoming their own adult… Another rite of freedom.”

— Zachary Wirt Owner, All American Drivers Education Inc.

up. We work closely with Cumberland County Drivers Education, and all the people down there. We’ve made close relationships.”

The Wirts made it clear that the business isn’t competing with the Cumberland County drivers program. Rather, it’s working alongside it. There are some children in the school system that might not go through the classroom portion with AADE, but AADE will assist in the driving portion. Part of the reason for the difficulty in getting into drivers programs is that the state of North Carolina requires 30 hours in the classroom and six hours behind the wheel.

The driving portion has posed a challenge because instructors only drive with one or two students at a time in a car.

As the company has grown, the Wirts have grown to have six employees and five cars. “We’re growing.

We’re looking for a couple more cars right now and we’re also thinking of doing satellite locations,” Zachary said.

“We currently employ two retired veterans,” he continued. Currently, he is active duty in the and has three

more years of service, making the company and hiring of veterans all the more meaningful.

“They’re trustworthy. They’re good people and it creates an avenue for them to make an income outside of their retirement. We have an instructor who has been teaching drivers ed since 1981… It’s amazing…. Building that kind of team is important to me, and to BJ and the community.”

AADE’s service isn’t limited to the local community. As the word has spread, people have traveled from near and far to take the drivers course.

“We have people from Laurinburg, people from Raleigh… A lot of Cumberland County, Hoke…

COVID really impacted Drivers Education for the state,” Zachary said.

“It’s who we are. It’s, ‘Who can you trust your children with?’ Especially in the pivotal moment in their life when they’re starting to take steps to becoming their own adult…

Another rite of freedom,” he said.

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From BIRTHDAY, page 1

“Being able to wave the VentureSouth banner in Fayetteville is a significant step towards putting our community on the map as a place to start and grow companies. VentureSouth brings a successful and proven process to our local investors and will undoubtedly lead to the growth of our angel investment and entrepreneurship ecosystem,” Cayton said.

The news, despite its importance to the region, was picked up by few media outlets, and like much local business news did, went by the wayside.

After reading the Greater Wilmington Business Journal and seeing people become interested in becoming TeamLogic IT clients from advertising in the publication, Cayton “became a little jealous,” he said.

That’s when he got an idea. What if Fayetteville had its own business journal? Through collaboration with GWBJ to learn the publishing ropes and many hours of lengthy discussions with community and business stakeholders on what a successful business journal should look like, Cayton built a team that went to work.

Scouring LinkedIn pages, making hundreds of phone calls, driving around town and taking pictures of curious developments among other inventive ways of forging connections and digging up hard-hitting news, the team assembled the first-ever issue of Greater Fayetteville Business Journal, which launched on May 28, 2021.

In celebration of our first birthday, let’s take a moment to reflect on just a few of the many newsworthy developments our seven-county coverage area has celebrated with GFBJ over the past year:

Horne Brothers Construction sale Pine Gate Renewables launched Blue Ridge Power, a new EPC company; then, Blue Ridge Power acquired the solar division of Fayetteville-based Horne Brothers Construction, Inc. Jack and Charles Horne joined the company’s leadership team, and Chris Dunbar, who served as Pine Gate Renewables chief construction officer, became president of Blue Ridge.

Amazon coming to Fayetteville – twice In early May of 2021, the Fayetteville Cumberland Economic Development Corporation announced that an Amazon delivery station would be coming to the region at 1005 Dunn

June 3, 2022 - June 16, 2022

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IN THE NEWS

Road – the previous location of the Soffe outlet store. RealtyLink helped broker the deal for the property, which included the 127,750 squarefoot building and almost 24 acres with the plan to lease much of the facility to Amazon. Months later, an Amazon 1.3 million-square-foot fulfillment facility was confirmed by the FCEDC at the Military Business Park.

USPS announced as new tenant of Liberty Point Industrial Park In September, Liberty Point Industrial Park gained USPS as a tenant, located on Corporation Drive, adjacent to the area of Interstate 95.

tank will allow emergency personnel to train for a variety of swift-water and floodwater rescue situations upon completion.

Elkay expands operations into Robeson County In June of 2021, Governor Roy Cooper announced that Elkay Manufacturing, the leading producer of sink and water delivery products, would invest $5.5 million dollars into the Lumberton area by becoming the first tenant of the Lumberton/ Robeson County I-95/I-74 Industrial Park. In early December, ground was broken at the site for the distribution center and construction is anticipated to be complete by October.

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budget that the area has ever seen.

Counties perform $75M in federal contracts In 2021, businesses executed $7.3 billion in federal prime contracts in North Carolina, according to the North Carolina Military Business Center. Among the 15 counties that performed over $75 million in federal prime contracts were Cumberland County, clocking in at $1,457,469,978.57 in federal total dollars and Robeson County, clocking in at $321,813,220.65 in federal total dollars.

Metcon completes construction of UNCP's new business school UNCP completed and opened its 62,000-square-foot, two-story building, which contains multiple classrooms, seminar rooms, an auditorium, cafe, media rooms and a high technology stock trading room. The total cost of the School of Business was $35 million.

PHOTO BY LRP MEDIA

The first-ever issue of Greater Fayetteville Business Journal was unveiled the day before its official release at a launch party at Highland Country Club in Fayetteville.

Fayetteville State University acquires Bronco Square FSU kicked off its homecoming week with the announcement that it acquired the Bronco Square strip mall debt-free and would build a standalone Chick-fil-A and Starbucks, totalling five million dollars in debt-free assets. The book store, Chancellor Allison said, would move out of Bronco Square and that space will become a new hub for entrepreneurial activities – a one-stop shop for businesses.

FTCC rescue training center, announcement of aquatic addition The final steel beam for the first phase of construction of the FTCC-Cumberland County Regional Fire & Rescue Training Center was hoisted into place. In November, the school announced plans to open an indoor swift water rescue training facility in the building. The state-of-the-art technology being implemented in the 88,000-gallon

Bernhard Capital deal discussion A private equity company based in Louisiana Bernhard Capital Partners discussed the possibility of managing the Fayetteville Public Works Commission. In the summer of 2020, BCP offered $750 million to the city.

Near the beginning of May 2021, PWC withdrew from the deal, publicly announcing that it had ceased communications with BCP because it had not established the “transparency and trust” to continue the discussion.

In early December 2021, Greater Fayetteville Business Journal was told that PWC has not yet been released from the nondisclosure agreement with the firm.

Cumberland County legislators bring $412 million back to region Upon the signing of the state budget, Cumberland County was set to receive an investment of over $412 million dollars from the state budget.

This is the largest allocation from the

PWC announces carbon neutral energy project turns gases from waste into electricity The Fayetteville Public Works Commission shared plans to install 1.5 megawatts of solid oxide fuel cells, made by Bloom Energy, a California-based company with a leading solid oxide platform for distributed generation of electricity and hydrogen. The project is one of the first of its kind, and as data shows that waste generation will likely increase by 70 percent by 2050.

Bast Fibre Technologies acquires Lumberton Cellulose Bast Fibre Technologies Inc. (BFT), a manufacturer of premium natural fibers for the global nonwoven and textile industries,made an agreement to acquire Lumberton Cellulose LLC, a natural fiber processing facility in Robeson County, from Georgia-Pacific Cellulose LLC. Additionally, GFBJ has delivered business news digitally and published a new publication called the Book On Business.

So, to our readership, thank you for joining us on this journey. As we celebrate our first birthday, we look to the years ahead and are eager to continue telling your story.

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June 3, 2022 - June 16, 2022

ACHIEVERS FTCC names NISOD Excellence Award winners Fayetteville Technical Community College honored 14 members of its faculty and staff on being awarded the 2022 National Institute for Staff and Organizational Development Excellence Award.

Greater Fayetteville Business Journal

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What are you and your peers achieving? Have you reached a new goal? Have you acquired another business? Maybe your business has a new hire you would like to highlight.

Greater Fayetteville Business Journal wants to hear from you and your business to shine a spotlight on your accomplishments.

To nominate someone for GFBJ’s Achievers section, email editor@bizfayetteville.com with the subject line “Achiever.”

The award recipients will represent FTCC at the annual NISOD International Conference for Teaching and Leadership Excellence in Austin, Texas on May 28-31. The 14 honored members of FTCC include: • LAUREN ARP- Assistance Director, FTCC Foundation • DARRYL CARTER- Instructor, Systems Security & Analysis • STACI HOLLINGSWORTH- Job Analyst, Office of Human Resources & institutional Effectiveness • MARIAN JORDAN- Instructor, Practical Nursing • SONNY KELLY- Instructor, English & Communication • TYLER MANION- Instructor, Auto Systems Technology • RAJA MENDADALA- Web Administrator, Office of Public Relations & Marketing • WALEED MOHAMMED- Instructor, Occupational Extension Education • WILLIAM PARRY- Director, FTCC Bookstore • GRANT PILKAY- Instructor, Biology • MICHELLE PING- Division Chair, Dental • LORI REGISTER- Instructor, Business Administration/General Business • JUANITA WILLIAMS- Instructor, Cosmetology • TIFFANY YOUNGBLOOD- Assistant Director, Student Financial Aid Each recipient listed will also receive a medallion and certificate for this honor.

FTCC president Dr. J. Larry Keen, members of Executive Council, and the Academic & Student Services Associate vice presidents and deans collaborated to select and submit the individual names of instructors and staff to be recognized for their work for the college.

Fayetteville Woodpeckers hire new Stadium Operations Director

scholarships at Cumberland Community Foundation reception

After joining the Houston Astros organization in May 2021, MATT CHAPPELL has been hired as the director of stadium operations for the Fayetteville Woodpeckers. As the director, Chappell is in charge of the general upkeep of the facility, game Chappell operations, janitorial and event security.

Prior to joining the Woodpeckers, Matt worked as a graduate assistant at East Carolina University in the operations department. While there Chappell also gained experience in athletic maintenance and game operations for softball, football, and basketball programs.

“I’d like to thank the Houston Astros for their trust and I’m excited to continue working with this amazing organization,” said Chappell.

Chappell received both his bachelor's degree in business management and masters in sports management from East Carolina.

Originally from Hertford, North Carolina, Chappell enjoys spending time outdoors and with his friends and family.

Hansen honored with award from Pan-African Academy of Christian Surgeons

On May 17, the Pan-African Academy of Chrisitan Surgeons honored DR. ERIL HANSEN with the Surgical Humanitarian Award at the 2022 meeting of the American Pediatric Surgical Association.

Hansen joined the Department of

Surgery at UT Southwestern Medical Center in 2019 where he specializes in pediatric surgery.

Hansen earned his medical degree at Baylor College of Medicine and performed his general surgery residency at Vanderbilt University School of Medicine, which included two years of metabolic research and completion of a Master of Public Health degree.

After finishing his pediatric surgery training at The Children’s Hospital of Alabama, Hansen served in Kenya for eight years as the Head of Paediatric Surgery, as the clinical director of BethanyKids of Kijabe Hospital. He also served as the program director of East Africa’s first formal pediatric surgery training program.

With the training program Hansen participated in training of eleven pediatric surgeons from eight African countries and of dozens of general surgery residents.

Dr. Hansen is a Fellow of the American College of Surgeons, the American Academy of Pediatrics, and the College of Surgeons of East, Central, and Southern Africa, and is a member of the American Pediatric Surgical Association’s global surgery committee.

Hansen has contributed to publishing numerous academic articles, completed several research projects, and contributed to the book Paediatric Surgery: A Comprehensive Text for Africa.

With Hansen’s diversity of clinical experience in pediatric surgery, Hansen also has interests in medical and surgical education, including global pediatric surgical training; pediatric colorectal disease; minimally invasive pediatric surgery; and gastrointestinal, oncologic, and hepatobiliary disease in children.

Sixty-three people awarded academic

At its award reception at Cape Fear Botanical Garden on May 19, Cumberland Community Foundation announced $765,375 in scholarship awards to students.

CCF, a nonprofit charitable organization that was established in 1980, manages 580 individual charitable funds totaling over $120 million.

The recipients of the academic scholarships applied for the awards in two separate cycles: the Robert H. Short Scholars Program and the Community Scholarship Program.

The Robert H. Schort Scholars program helps high school seniors who graduate in Cumberland County to attend accredited public or nonprofit private colleges or universities. Awards of up to $30,000 are made possible by a $10 million gift in the will of the late Robert H. “Bob” Short, a local businessman and quiet philanthropist who valued education.

Sixty-one of the awards came from the Community Scholarship Program, totalling $135,375.00. The awards from the program range from $500 to $10,000 and are made possible by civic groups, which include The Fayetteville Alumnae Chapter; Delta Sigma Theta Sorority, Incorporated; Alpha Phi Alpha Fraternity; and Cape Fear Kiwanis. Individuals and families establish endowed scholarships as a legacy for a loved one, such as the Dr. Gloria Dantzler and Sergeant First Class (Ret.) Leon Dantzler, Sr. Memorial Scholarship, the Brian Edkins Memorial Scholarship, Curtis E. Torrey Scholarship, and the Ella Smith Downing Charitable Scholarship.

The Brian Edkins Scholarship was established by family and friends in Edkins’ honor after his unexpected death in July 2021. Edkins was a local educator who “devoted his life to students,” a CCF press release said.

“This is the first award from the Brian Edkins Memorial Scholarship,” said Susan Barnes, Scholarship Program Manager. “It is our honor to continue his legacy for local students.”

See ACHIEVERS, page 9

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From ACHIEVERS, page 8

Fayetteville State University announces new hires, promotions In May, FSU announced the promotions and hiring of several administrative staff.

WESLEY FOUNTAIN has been promoted to the role of vice chancellor for External Affairs and Military Relations.

“Mr. Fountain has served at FSU since 2010 in a variety of capacities from government relations assistant to director of constituent relations to Fountain his current role as AVC for Community Relations and Economic Partnerships. At every level, Mr. Fountain has excelled, whether at the community level, state government affairs and when forming and leveraging economic partnerships around development.

Through his expertise and diligence, Wesley has been a tremendous asset in supporting the university’s priorities in every way,” says Chancellor Darrell T. Allison. “In light of recent and historic fortunes for this university, this new division’s responsibilities have grown exponentially and has caused me to refocus and provide the necessary resources needed to invest in additional personnel toward FSU’s overall expansion.”

WENDELL PHILLIPS previously served in Fountain’s new role; now, Phillips will lead FSU’s state and federal relations department.

“The administration has made this new position a priority. Growing Phillips our governmental capital will assist with providing additional support for legislation, funding sources, enrollment, and student success. I am confident that in this capacity Wendell will help FSU expand its footprint on Capitol Hill and the Department of Defense given FSU’s strong national position with military-connected students and the broader military community.

Given Mr. Phillips unique legislative experience in the greater D.C. area, FSU could not have a more experienced leader in helping us at the federal level” says Chancellor Darrell T.

Allison.

Serving as the new associate vice chancellor for police and public safety/chief of police starting on June 7 will be ROBERTO E. BRYAN JR., a veteran law enforcement officer with three decades of experience, including service in the U.S. Army as a military police officer.

“Roberto BryBryan Jr an brings a rare combination of local, national, global and military law enforcement service and experience to our university police department that make him an exceptional leader who can step into this role immediately,” said Fayetteville State University Chancellor Darrell T. Allison. “His robust relationships in our communities will help us strengthen and elevate the work we are able to accomplish on and off campus. When I look into the faces of parents and guardians of many of the students at FSU, my first commitment that I express to them is that we will do all we can to keep our students safe and protected.

With today’s announcement in naming Mr. Roberto Bryan as our next Chief of Police, I am even the more confident in making that promise to our families.”

PAMELA BALDWIN is also a new addition to the FSU administration and will serve as associate dean of Academic Partnerships.

"I am happy to welcome Dr. Baldwin to our FSU Baldwin team. Her years of experience in the K-12 arena will help FSU grow its footprint among public, private and charter schools across our state," says Dr. Leach, Provost and Senior Vice Chancellor for Academic Affairs.

UNCP appoints Djerdjouri, Skuka as deans DR. MOHAMED DJERDJOURI will transition into his role as dean of the Thomas School of Business at UNC Pembroke on July 18.

An academic leader with three decades of experience in higher Djerdjouri education, Djerdjouri serves as dean of the Johnson College of Business and Economics

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ACHIEVERS

at the University of South Carolina-Upstate.

After searching the country for the person that would best fill the roll, the Board of Trustees unanimously voted unanimously to accept the recommendation of Djerdjouri for the position.

"As provost, I look forward to working with Dr. Djerdjouri on developing academic programs, external partnerships and additional funding streams to support community and economic development in the region that we are so proud to serve,” said Provost Marsha Pollard.

"I look forward to joining an already outstanding school and wish to build on the success achieved by my predecessors, Dean Barry O'Brien and interim Dean Susan Peters," Djerdjouri said.

"This is a great university and Chancellor Cummings has an inspiring vision for it. UNCP is on the move, and I am delighted to be joining such a dynamic academic community and the opportunity to collaborate with Provost Pollard and my fellow deans."

Renowned scholar and medical doctor EVA SKUKA was tapped as the dean of the College of Health Sciences for the university.

Currently, SkuSkuka ka serves as the associate provost and dean of the School of Health Studies. She worked as a medical doctor for seven years before focusing in higher education, which she has done for the past 17 years.

The Board of Trustees unanimously voted to accept the recommendation of Skuka by the search committee.

“Dr. Skuka is joining UNCP at a pivotal time for the College of Health Sciences. With the workforce needs identified through a legislatively mandated health study in 2018, planning for new programs and offerings is already underway that will strongly impact and advance the health outcomes of this county and region. I am confident she will bring the experience and knowledge needed to lead the college as we further develop programs in the coming years,” said Chancellor Robin Gary Cummings.

Physicians Foundation CEO Robert Seligson sees Skuka’s appointment as especially important as the school can help students graduate and move into the healthcare sector.

“The growth of UNCP’s College of Health Sciences is a key response

to this labor shortage, especially in southeastern North Carolina. The college is recognized for educating professionals who are highly likely to remain and practice in this area of North Carolina. Dr. Skuka’s record speaks to action and accomplishment, and I look forward to seeing the innovative opportunities and programs she will bring to the college,” Seligson said.

“My vision for the College of Health Sciences at UNCP is to work collaboratively with the faculty and program administrators to strengthen the programs currently offered and look for opportunities for new programs that will align with the student’s needs, community needs, workforce trends and industries within the university’s service area.

I’m highly committed to instilling in the students through the curricula that as health and human services professionals we all have a professional obligation to help improve the lives of the people and communities you’ve pledged to serve,” Skuka said.

Like Djerdjouri, Skuka will also assume her new role on July 18.

FTCC librarian accepted into NCLA Leadership Institute FTCC librarian KRIS OBELE BELE was recently accepted into the North Carolina Library Association (NCLA) 2022 Leadership Institute.

Obele Bele Out of 24 participants chosen through a competitive application process, Bele has been working as a librarian at FTCC for the past eight years.

Prior to that, she worked at Cumberland County Public Library, High Point University’s Smith Library, Wake Forest’s Z. Smith Reynold’s Library, UNC-Greensboro’s Jackson Library and Peace College’s Finch Library.

The NCLA Leadership Institute aims to provide “opportunities for learning and skill-building in leadership and mentoring within the library profession,” a press release from FTCC said. “All participants are asked to develop a response to a community and/or organizational need within librarianship. During her time within the institute, Obele Bele plans to focus on Information Literacy in Community College Libraries.”

Page 10

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Staff Report

Cumberland County budget CANNON PRESENTS RECOMMENDED BUDGET FOR FY 2023

C

umberland County Manager Amy Cannon presented a recommended budget for the 2023 fiscal year to the Cumberland County Board of Commissioners.

The budget would maintain the County’s property tax rate of 79.9 cents per $100 valuation.

Slightly under $553M in expenditures are included in the recommended budget. $362 million of those would be general fund expenses.

Keeping in mind the pandemic and other challenges to the economy such as inflation, rising fuel prices, the conflict in Ukraine and supply chain issues, Cannon believes that the budget would continue “the County’s focus on resilience, recovery, and restructuring,” a press release said.

The budget would include increases in projected property and sales tax collections. “On the expenditure side, the budget addresses projected increase in health insurance costs, employer contributions to the retirement system, and property and cybersecurity insurance,” the press release said.

Among the areas addressed in the budget are several ongoing priorities of the Cumberland County Board of Commissioners.

BELOW IS A LIST OF THE PRIORITIES FROM THE COUNTY’S PUBLIC INFORMATION OFFICE: • “Continuing to move forward with the replacement of the Crown Theatre and Arena with anticipated site review and selection, land procurement, updating and refining project cost estimates, and procurement of a design/construction team.”

• “Allocating $258,600 to move forward with Phase 1 of the Gray’s Creek Water Project to serve two elementary schools and residential customers located along the route.”

• “Moving forward with addressing homelessness including identifying potential sites for a homeless shelter.”

• “Maintaining local funding for mental health services and recommending utilizing existing MCO fund balance to increase

compression, inequity, and competitive pay within ranges.”

• “Funding for a pilot project to transition social workers in DSS to permanent remote work, which could be expanded to other County departments in future years.”

SNOWING/FREEPIK.COM

The Board of Commissioners will hold a public hearing on the proposed budget on Monday, June 6 at 7 p.m. in Room 118 of the courthouse.

levels of mental health and substance abuse services in the county.”

• “Providing $390,254 for a pilot project to provide in-home case management and care coordination to help address the social determinants of health and reduce barriers and gaps in services to those most in need.”

• “Including $50,000 for a pilot transportation program to address transportation access issues for citizens receiving services from the Public Health Department.”

ADDITIONALLY, THE BUDGET INCLUDES: • “$755,657 for 15 new positions (not including the new positions related to the in-home case management and care coordination program).”

• “$84.3 million in current expense funding for Cumberland County Schools, representing 43.47% of the property tax rate and an increase of $1.3 million from FY2022.”

• “An additional $3.9 million in funding to Cumberland County Schools for School Health Nurses, School Resource Officers, and School Crossing Guards.”

• “$14.2 million in current expense funding for Fayetteville Technical Community College, which is an increase of $935,000.”

• “$2 million to replace 32 vehicles (21 from the Sheriff’s Office and Detention Center).”

INITIATIVES TO ADDRESS RECRUITMENT AND RETENTION ISSUES IN THE WORKFORCE INCLUDE: • “Funding for a 4% cost-ofliving adjustment for County employees.”

• “Additional market adjustments to increase the entry level salary rates for sheriff’s deputies and detention officers.”

• “$95,000 to conduct an organization-wide classification and market study to address salary

The recommended budget is available on the county’s website at cumberlandcountync.gov. The Board of Commissioners will hold a public hearing on the proposed budget on Monday, June 6 at 7 p.m. in Room 118 of the courthouse. Citizens who would like to comment on the proposed budget during the public hearing may, but are not required to, sign up prior to the start of the meeting.

A sign-up sheet will be available in the room. Individuals may also call the Clerk to the Board at 910-6787771 or email cwhite@co.cumberland. nc.us.

According to North Carolina law, the Board may adopt the budget no earlier than 10 days after it is presented.

FUTURE BUDGET MEETING SCHEDULE Public Hearing

JUNE 6 AT 7 P.M. Room 118, Courthouse

Budget Work Session

JUNE 8 AT 5:30 P.M. Room 564, Courthouse

Budget Work Session

JUNE 13 AT 5:30 P.M. Room 564, Courthouse

Budget Work Session (if needed)

JUNE 15 AT 5:30 P.M. Room 564, Courthouse

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Greater Fayetteville Business Journal

MILITARY BUSINESS

bizfayetteville.com

>>

By Suet Lee-Growney

Military spouse entrepreneurs THREE WOMEN BLOOM WHERE THEY’RE PLANTED

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hree small businesses; one recurring desire that drives these entrepreneurs to kickstart their dreams and grind to succeed: the ability to prioritize being the default parent whilst juggling the constraints of military demands.

Whether starting a business or working for an existing company, Home Based Businesses create the opportunity for military families to work through PCS moves.

HBB owners have to obtain approval from the garrison commander or senior commander, but the U.S. Army Family and Morale Welfare and Recreation has streamlined the application process so military families can reap the benefits. Some of the businesses that must be approved include: car repairs/services; hairdressing and hairstyling; home baking and meal preparation; pet grooming and pet sitting; massage therapy; and retail sales from home.

Not all businesses fall under the HBB umbrella. In addition to remote working opportunities, some businesses that may not need HBB approval include: bookkeeping and tax preparation services; personal training conducted outside the home; photography, graphic design, and advertising services; tutoring and music instruction; entertainment or travel planning; housecleaning and lawn care; and selling items from multi-level marketing companies.

Below are three milspouses who have found success in entrepreneurship: BRITTNIE CONLEY, FOUNDER OF EM & EV. CO Aptly named after her Brittnie Conley’s two daughters: Emma, 3, and Everleigh, 2; Em & Ev Co. is a home-based business offering custom sublimation goods such as children’s tops, pop sockets, adult shirts and cups.

“It’s unique because I custom design kids’ names, birthdays — things like that,” Conley said. “You just can't buy those things from Target, Walmart, or any store.”

Conley tailors each design according to the needs of her customers.

The primary means of interaction between her and her clients are via a private Facebook group where she does seasonal launches. There, she

media, Conley also promotes her designs on several Facebook buy and sell groups. She is looking to slowly expand her repertoire and increase the reach of her business by creating an Etsy account some day and perhaps doing a vendor show in the future.

BRITTNIE CONLEY, FOUNDER OF EM & EV. CO works closely with each customer to bring their ideas to wear. Each pattern is created on a design program, printed with a sublimation printer and then the creation is transferred via heat press. Currently, the customer base is exclusive to the Facebook group, so she can prioritize caring for her daughters at home and also juggle completing her bachelor’s degree online.

“Being home with the girls is very important to me, so starting a little side business seemed to be a good fit,” Conley said.

The Conley family have been stationed at Fort Bragg for six of the nine years she and her husband have been married. But it wasn’t until the end of September 2021 her business took off and it all started with wanting to make custom design shirts for her own children.

“Instead of buying all these shirts for my kids, I can now make them,” she said. “One of my friends mentioned I should start a little side business and then one thing turned into another.”

Initially, she only made children’s shirts. She then went on to design adult shirts. In less than a year, with positive and encouraging feedback from her friends, family, and growing customer base, she has gained confidence in not only her skills but also exploring more mediums to put her designs on.

“I'm a very shy person, so I was always worried I was going to mess up and I’m very nervous about things,” she said. “Cups took me a long time to get those to be as good as I can get them so far.”

Utilizing the power of social

AINSLEY HEIMALL, MONAT MARKET PARTNER As a military spouse and mother of a 2-year-old daughter, Ainsley Heimall wears many hats. Heimall has a growing direct sales business with Monat with customers around the world. Additionally, she not only works remotely as an architect with a Kansas architectural firm since 2018 where she and her husband used to be stationed, but is also a burgeoning social media influencer helping her audience plan and optimize their grocery habits.

A Vermont native, Heimall and her family moved to Fort Bragg in 2020. In May of that year, she was experiencing a plethora of hair is-

AINSLEY HEIMALL, MONAT MARKET PARTNER sues, such a chronic hair loss, mainly caused by rapidly changing postpartum hormones four months after birthing her daughter. She decided to give Monat products a go in hopes to alleviate some of the hair insecurities she was experiencing.

“I had no hair and I was balding all over the place, which is very common (postpartum),” Heimall said.

Seven months later, in December of 2020 she had grown to enjoy the products and found she was running low and needed more. It was then she decided she would sell the products

with the company since they were offering an attractive incentive to join.

“I was like, I love free products,” Heimall said. “I originally did it just so I could get the free products and then you get a bigger discount on the products.”

After becoming a market partner, she piqued interest with one of her friends. Her Monat mentor encouraged her to sign her interested friend up.

“And then I did and it just spiraled out from there,” Heimall said.

“When I first started … I was not actually sure if anybody was going to buy shampoo from me.”

But she put in the work and decided to share her hair-care journey with the world on her social media platform and to her surprise, she received responses not just from people who were interested in the products she was using, but also from those who simply wanted to commiserate in the same hair struggles.

“That made me feel — first of all, seen — because I thought it was just my hair,” Heimall said. “I realized that there were a lot of people who were like me, in that (hair) sense, and that propelled my confidence and my excitement for it.”

Today, she has more than 100 customers who she meets on social media from all over the world and purchases Monat products through her.

“My customer base definitely went from my best friends and family — who love me and will buy anything from me — to people in Australia who are like, ‘Hey, your hair is really shiny. What do you do and use to get your hair so shiny?’ — and I tell them, and we create a connection that way,” she said.

As most military families have it, relocation is on the horizon for Heimalls. They will be moving to Kentucky in 2023 and she will be able to keep her passions after the upcoming move.

“The thing that I love about (being a Monat marketing partner) is that it travels with you,” she said. “You literally just use your phone … being able to move and have your job come with you is really convenient and I

See MILITARY SPOUSE, page 13

Greater Fayetteville Business Journal

June 3, 2022 - June 16, 2022

bizfayetteville.com From MILITARY SPOUSE, page 12

think that’s why the direct sales jobs are so effective for most military spouses.”

Heimall juggles all her gigs by practicing time blocking to ensure there are healthy boundaries between all her responsibilities and personal demands with her family.

“I've gotten pretty good at setting time frames,” she said. “There’s certain times of the day where I put my phone away because it’s family time or it’s workout time. It’s definitely something people will have to get used to, especially if they’re already addicted to their phones.”

GRIFFIN CARRICK, ARTIST AT GRIFFIN CARRICK DESIGN Griffin Carrick and her namesake design business has been around since 2017. As an artist, Carrick’s medium is paper — specifically paper quilling, which is the intricate folding and rolling of paper she learned as a child. With that technique, she experiments and invents creations ranging from small earrings and collages to large wall tapestries.

GRIFFIN CARRICK, GRIFFIN CARRICK DESIGN Before returning to paper quilling in 2016, she studied architecture in her undergraduate degree, followed by studying and working in the interior design field. She also took on decor projects online and taught online.

“And then once I had kids and military life kicked up, I turned to paper quilling as a creative outlet,” she said. “I quilled back in third grade, which was just rolling paper.

So when I started (again), I thought

WE

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MILITARY BUSINESS

maybe I can make a more mature version of what I made in third grade … That’s when I transitioned away from the design work to make art.”

Initially, paper quilling was just a hobby for Carrick, something she made time to do everyday. She opened her Etsy shop in 2017. Then in 2019, she became a finalist in the Etsy Design Awards.

“That helped pick things up because as an artist it takes a while to build interest,” Carrick said. “I think of it as home decor, but art for your wall. It combines my interior design background with my artwork.”

Being an artist allows Carrick to weave her passions into other more pressing needs in her life, such as being there for her family while her active-duty husband was gone a lot.

Her husband recently retired after 22 years of service and they have been stationed at Fort Bragg for 12 years.

She looks at her time as a military spouse as a “runway” for when they transition to civilian life. She is trying and experimenting as much as she can while she has the opportunity.

“In this time that my husband was in the military and I have to be more

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Page 13

at home to be with the kids to do everything, this is my time to build up my skills as an artist,” Carrick said.

“Now that my husband is sort of retired, I have a little more freedom to get my art out there more.”

As an artist, Carrick said it takes a while for people to understand her art, the medium of choice, and how architecturally strong her structures are. She uses Instagram a lot to enlighten her followers about her artform.

“It is not fragile — I have three kids and they touch it,” she said. “It’s a lot of educating people on what I do.”

Currently, she is experimenting with denim quilling. In the future, she would love to have exhibitions to push her work as an artist. She also hopes to expand her reach to collaborate with interior designers and architects to put her work in public spaces such as hotels, offices, lobbies, or homes.

“That would be a great repeat business,” she said.

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HOSPITALITY

Greater Fayetteville Business Journal

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By Savanah Ramsey

Juneteenth Freedom Festival LOCAL ORGANIZATIONS COMMEMORATE HOLIDAY WITH FOUR-DAY CELEBRATION

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or the fourth time, a Juneteenth Freedom Festival will be held in the region, taking place over the course of four days at multiple venues around the county.

Juneteenth is the celebration of enslaved Black people in America at the end of the Civil War; on June 19, 1865, enslaved people were informed of the end of the war and the implementation of the Emancipation Proclamation that President Abraham Lincoln had issued two and a half years prior.

To celebrate this occasion Cool Spring Downtown District, Circa 1865, and Cumulus Media have partnered to organize the inaugural Juneteenth Jubilee and Praise Party in the Park - A Juneteenth Celebration.

The Cool Spring Downtown District, Inc. is a charitable, nonprofit corporation formed in 2017 to create and sustain an arts and entertainment district located in downtown Fayetteville, North Carolina, as a vibrant center of artistic, cultural, civic and commercial activity.

Circa 1865 exists to promote unity within the African American diaspora; a love for our culture, and respect for our heritage through African American centered-entertainment and education. Circa 1865 hosts citywide celebrations for African American holidays.

WMGU-FM, Magic 106.9 with Cumulus Media is a leader in the radio broadcasting industry and the #1 Urban AC station in Fayetteville.

Fayetteville’s Best Mix Of R & B, Magic 106.9 combines high-quality local programming with iconic, nationally syndicated shows.

“This [Juneteenth] was recently made a federal holiday, and so we are now seeing people claiming and reclaiming it and learning more about it, including here in the Fayetteville area,” shared Ashanti Bennett, Cool Spring Downtown District’s director of special projects.

Prior to the initial kickoff of the Juneteenth Jubilee festivities, there will be a launch party held at Dirtbag Ales in Hope Mills on June 16. This event will showcase live music and a variety of local entertainment for all ages. The event is free and open to the public.

The Jubilee will kick off on Saturday, June 18.

That day will hold a street festival

GRAPHIC PROVIDED BY COOL SPRING DOWNTOWN DISTRICT

Following the success of the New Year’s Eve event, Cool Spring Downtown District expects a successful turnout at the Juneteenth Celebration.

featuring multiple nationally touring headliners, local musical acts, other performances, food trucks, small business and corporate vendors, artists and artisans, and more.

“

I hope people will be able to come and have a really great time, as well as learn a lot about the history of Juneteenth and get exposed to amazing culture, music and food.”

— Ashanti Bennett Cool Spring Downtown District's Director of Special Projects

On June 19, Cool Spring Downtown District and Circa 1865 will host a Juneteenth Jubilee Heritage brunch. This is a ticketed event and will showcase Black chefs and culinary students serving dishes that feature heritage-worthy, southern Black cuisines. Light entertainment will also be available.

The brunch will also feature a keynote speaker, Jaki Shelton Green, North Carolina’s ninth Poet Laureate.

Green is the first Black Poet Laure-

ate and the third woman to hold the position.

Immediately following the brunch, Magic 106.9 Radio Station and the City of Fayetteville will host the Praise Party in the Park- A Juneteenth Celebration from noon to 6 p.m. as the final event of the weekend.

The event is free and will headline three-time Grammy-award winner gospel singer Donnie McClurkin closing the show.

“We were approached by the city after our New Year’s Eve event to see if we wanted to try and create a Juneteenth event,” said Bennett. “The city made this a holiday at the end of last year close to June, so at that time there wasn’t much of an opportunity to try and create anything.”

According to Bennett, now felt like a good time to jump on the opportunity and include other organizations within the city.

“We got together with members of both Circa 1865 and Cumulus Media and put our creative thinking caps on and created a full program of events to showcase the importance of this holiday.”

One of Circa 1865’s board members, Tyrrel Walker, serves as the ex-

ecutive coordinator of the Juneteenth Freedom Festival and has been assisting Bennett in the planning process.

“Along with Cool Spring Downtown District, Circa 1865 has worked long and hard to put together a historic celebration that our community can be proud of,” Walker shared in a press release. “Expect a bunch of family fun, laughter, friendship, great music, good times, and an amazing opportunity to create some memories while we celebrate freedom as a unified community.”

In anticipation of the Juneteenth celebration weekend it is expected that many residents and nonresidents of Cumberland County will attend this event.

“With this being the kick-off to summer and there being very little to no COVID-19 restrictions, I anticipate that folks will want to come out,” said Bennett. “We have worked really hard to make this as inclusive as possible. I think our community will feel welcome to this as it is a brand new event.”

With this being the first Jubilee event, there are no current numbers to compare to, but based on the near 12,000 in attendance at the downtown New Year’s Eve celebration, CSDD hopes to see similar numbers.

Organizations sponsoring the event include, ABC11, The Arts Council of Fayetteville/Cumberland County, Capitol Encore Academy, Methodist University, Duke Energy, and Healy Wholesale.

“I think this event is really interesting and a lovely way to honor the diversity of our community,” added Bennett. “I think that we continue to have events in this community that promote unity and showcase all the wonderful things that we have going on in Fayetteville and bring people toward us.”

Geographically, Fayetteville is right in the middle of New York and Florida and positioned to draw travelers’ attention to the art and culture and events in the area.

“We hope that everyone wants to come out and enjoy the event,” said Bennett. “I hope people will be able to come and have a really great time, as well as learn a lot about the history of Juneteenth and get exposed to amazing culture, music and food.”

Greater Fayetteville Business Journal

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Page 15

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RESIDENTIAL REAL ESTATE

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Staff Report

New program

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CITY OF FAYETTEVILLE TO HOST HOMEBUYER WORKSHOP PROGRAM

ayetteville residents can take advantage of new resources that make the process of home buying easier, especially for first time buyers.

The City of Fayetteville and Kingdom Community Development Corporation staff are hosting an enhanced First Time Homebuyer Workshop program starting on Saturday, June 25. Following the initial event, workshops will be held on the fourth Saturday of each month.

This program is an opportunity for individuals and families seeking to purchase a home or secure approval for a mortgage.

This is the first time the workshops will be held in person since 2020 and will primarily focus on supporting and empowering low-to-moderate income families seeking housing opportunities and economic stability in neighborhoods across Fayetteville.

All workshops are free.

Previously, the City of Fayetteville and Kingdom CDC provided

MARIA ZIEGLER/UNSPLASH

The free program will be held for the first time in person since 2020.

similar workshops, but this new program expands on the prior success and offers payment assistance and financing options.

“After a long hiatus from in-person workshops due to COVID-19, we are excited to again partner with the City of Fayetteville to launch our first in-person workshop since 2020,” Kingdom CDC Executive Director Carl Manning said. “This and other future workshops are free,

so now is the time to come and learn about the City’s newly revised down payment assistance program and how Kingdom CDC can help you become a homeowner.”

Down payment assistance is available for eligible residents and provides $20,000 to applicants purchasing their first home. Income limits vary by household size and eligibility is determined by the U.S. Department of Housing and Urban

Development Area Median income limits.

For example a family of four could be eligible if the household gross income does not exceed $53,300 annually.

Interested individuals can learn more about the workshop schedule and programs by contacting the Economic and Community Development at 910-433-1590. For more information about the homebuyer programs you can also visit the website online at www.fayettevillenc. gov/city-services/economic-community-development/residents.

“Our hardworking team members believe this community should be a safe, secure and economically thriving place to live, work and play,” said City Manager Doug Hewett.

“Homeownership provides families and individuals a sense of safety and that’s important so they can seize opportunities right here that include education and economic stability.”

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Staff Report

Recommended budget

HARNETT COUNTY PRESENTS ITS RECOMMENDED 2023 FISCAL YEAR BUDGET

D

uring the May 16 Harnett County Board of Commissioners meeting, County Manager Brent Trout presented the recommended budget for the 2023 fiscal year.

“Harnett County prepares the annual budget in accordance with the statutory requirements with consideration of enhancing the quality of life for our residents,” stated Trout.

“The budget has been prepared with the purpose of supporting the strategic goals and priorities of the county commissioners.”

The County’s budget estimates the total value of resources required to perform operations and support citizens' needs. It also sets tax rates and fee schedules for the year which is the main funding for the budget.

As part of the upcoming fiscal year, Harnett County’s recent property re-

“

The growth that we have experienced has pushed valuations of homes and properties to levels never seen before in Harnett County.”

— Brent Trout Harnett County Manager A public hearing for the recommended budget will take place on June 6. The Commissioners are set to approve the budget on June 20.

appraisal provided data on predicted revenue that can be received based on new property assessments.

“The property tax revaluation increased our assessed values by approximately $3.8 billion,” added Trout. “The growth that we have

experienced has pushed valuations of homes and properties to levels never seen before in Harnett County. The appeal process for property owners is still ongoing, so a clear amount of change that may occur to the total valuation is not known at this time.”

Harnett County's current property tax rate is $0.75 per $100 valuation.

This known valuation reduced by the expected valuation loss provides a calculation of a revenue neutral tax rate to be $0.561 per $100 valuation In order to meet the residents' continued needs, Trout recommended a new tax levy rate of $0.591 which is $0.03 more than the revenue neutral tax rate.

Harnett County Board of Commissioners will hold a public hearing on Monday, June 6 at 9 a.m. at the Harnett County Resource Center & Library in Lillington. The Commissioners are scheduled to approve the budget at the June 20 regular meeting.

For more information, contact the Harnett County Manager’s Office at 910-8937555.

Greater Fayetteville Business Journal >>

June 3, 2022 - June 16, 2022

Page 17

bizfayetteville.com

By Savanah Ramsey

The Piccadilly Circus NEW ANTIQUE MALL ON RAEFORD ROAD CELEBRATED WITH RIBBON-CUTTING

A

fter opening its doors on May 2, The Piccadilly Circus hosted a grand opening on May 19 with the Greater Fayetteville Chamber.

Located at 2828 Raeford Road in Fayetteville, the event is open to the public with gifts and giveaways available.

The Piccadilly Circus is an antique mall that offers unique pieces from all over and new pieces that are regularly placed on the shelves.

"My husband was active duty so we've been in Fayetteville for 20 plus years and I had a passion for treasure hunting, as I like to call it, finding unique collectibles and antiques," said Sherri Coultrup, owner of The Piccadilly Circus. "My collection got a little big, and my husband told me I had to do something, so I turned my passion into a business."

Previously, the building was home

to Bob & Sheree's Beer & Wine Store, which closed its doors in 2018 after the owners retired. Since then, the building has been under renovation and now has a more sleek and modern look. Given the location of the building, Coultrup knew this is where she had to have her store.

"The first time I actually saw the storefront, I just knew instinctively that this was my store," added Coultrup. "Construction was like a year and a half behind due to COVID, and I stuck with it the entire time.

The guy even said that he would let me out of my lease, but I said no."

With her willingness to not give up, the building was completely transformed, with new air conditioning units, new floors, and new walls.

The business is open seven days a week, Monday through Saturday 10 a.m. to 6 p.m. and Sunday from noon to 5 p.m.

PHOTO BY SAVANAH RAMSEY

Raeford Road is now home to a new antique mall.

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Page 18

Greater Fayetteville Business Journal

June 3, 2022 - June 16, 2022

THE LIST

bizfayetteville.com

Private Schools

Ranked by total enrollment FIRM ADDRESS

RANK

1

FAYETTEVILLE CHRISTIAN SCHOOL

2

FREEDOM CHRISTIAN ACADEMY

3

VILLAGE CHRISTIAN ACADEMY

4

BEREAN BAPTIST ACADEMY

5

O'NEAL SCHOOL

6

1422 Ireland Drive Fayetteville, N.C. 28304 3130 Gillespie St. Fayetteville, N.C. 28306

908 S. McPherson Church Road Fayetteville, N.C. 28303 518 Glensford Drive Fayetteville, N.C. 28314

P.O. Box 290 Southern Pines, N.C. 28388

TRINITY CHRISTIAN SCHOOL OF FAYETTEVILLE INCORPORATED 3727 Rosehill Road Fayetteville, N.C. 28311

7

CAPE FEAR CHRISTIAN ACADEMY

8

FAYETTEVILLE ACADEMY

8

HARRELLS CHRISTIAN ACADEMY

10

NORTHWOOD TEMPLE ACADEMY

11

RIVERSIDE CHRISTIAN ACADEMY

12

SANDHILLS CLASSICAL CHRISTIAN SCH.

13

MINTZ CHRISTIAN ACADEMY

14

ANTIOCH CHRISTIAN ACADEMY

15

LIBERTY CHRISTIAN ACADEMY

16

FIRST IMPRESSIONS ACADEMY

16

ST. JOHN PAUL II CATHOLIC SCHOOL

18

ST. PATRICK CATHOLIC SCHOOL

19

MOUNT ZION CHRISTIAN ACADEMY

20

CALVARY CHRISTIAN SCHOOL

21

EPISCOPAL DAY SCHOOL

22

ST. ANN CATHOLIC SCHOOL

23

CORNERSTONE CHRISTIAN ACADEMY

24

FLAMING SWORD CHRISTIAN ACADEMY

25

NEW LIFE CHRISTIAN ACADEMY & PREP SCHOOL

138 Erwin Chapel Road Erwin, N.C. 28339

3200 Cliffdale Road Fayetteville, N.C. 28303 P.O. Box 88 Harrells, N.C. 28444

4200 Ramsey St. Fayetteville, N.C. 28311

2010 Middle River Loop Fayetteville, N.C. 28312

1487 Rays Bridge Road Whispering Pines, N.C. 28327 2741 Mintz Road Roseboro, N.C. 28382

5071 Old Whiteville Road Lumberton, N.C. 28358 6548 Rockfish Road Fayetteville, N.C. 28306 6965 Nexus Court Fayetteville, N.C. 28304

2922 Camp Easter Road Southern Pines, N.C. 28387 1620 Marlborough Road Fayetteville, N.C. 28304

9709 NC Highway 72 West Pembroke, N.C. 28372

400 S. Bennett St. Southern Pines, N.C. 28387 340 E. Massachusetts Ave. Southern Pines, N.C. 28387 365 N. Cool Spring St. Fayetteville, N.C. 28301 3000 Scotty Hill Road Fayetteville, N.C. 28303 3230 Legion Road Hope Mills, N.C. 28348

1420 Hoke Loop Road Fayetteville, N.C. 28314

PHONE WEBSITE

2021 ENROLLMENT

# TEACHERS

SCHOOL TYPE GRADE LEVELS

YEAR FOUNDED

ADMINISTRATOR

(910) 483-3905 www.fayettevillechristian.com/

562

91

Religious PreK-12

N/A

Tammi Peters

(910) 485-7777 www.fcapatriots.org/

513

93

Religious PS-12

2008

James Drury

(704) 456-7196 www.vcanc.com/

506

116

Religious K-12

N/A

Toby Travis

(910) 868-2511 www.bbafnc.org/

456

47

Religious PreK-12

N/A

Jack Farmer

(910) 692-6920 www.onealschool.org/

420

95

Non-Religious PreK-12

1971

John Elmore

(910) 488-6779 www.trinitycommunityservices.org/

389

25

Religious K-12

1990

Dennis Vandevender

(910) 897-5423 www.capefearchristianacademy.org/

370

38

Non-Religious K-12

1969

Karen Parker

(910) 868-5131 www.fayacademy.org/

367

69

Non-Religious PreK-12

1791

Ray Quesnel

(910) 532-4575 www.harrellsca.com/

367

54

Religious K-12

1970

Andy Wells

(910) 822-7711 www.ntaeagles.com/

362

55

Religious K4-12

N/A

Renee McLamb

(910) 323-4026 www.rcaknights.org/

253

28

Religious PreK-12

2001

Lin Wheeler

(910) 695-1874 www.sandhillsccs.org/about-sandhills/

246

63

Religious PreK-12

1999

Angela Pihlgren

(910) 564-6221 mcanc.wpcomstaging.com/

226

35

Religious K-12

N/A

Jim Workman

(910) 735-1011 www.acanc.org/our-school

215

30

Religious K-12

N/A

Robinlyn Mitchell

(910) 424-1205 www.lcabulldogs.com/

203

33

Religious K-12

1967

Duncan Edge

(910) 339-0524 fiaprepschools.com/

193

20

Non-Religious PreK-8

2008

Christy Pettit

(910) 692-6241 www.sjp2catholicschool.com/

193

29

Religious PreK-8

2002

John Donohue

(910) 323-1865 www.stpatschoolnc.org/

174

27

Religious K-8

1937

Laura Abboud

(919) 688-4245 N/A

173

19

Religious

N/A

Marcella Chappell

(919) 496-1177 N/A

163

0

Religious K-12

N/A

Charles Garrison

(910) 692-3492 www.episcopalday.org/

143

42

Religious PreK-5

1959

Jill Connett

(910) 483-3902 www.stanncatholicschool.net/

127

18

Religious PreK-8

1956

N. Rene Corders

(828) 781-2227 ccacornerstone.com/

125

22

Religious K-12

1999

Joseph Ollis

(910) 764-3500 flamingswordcampus.org/

119

18

Religious K-12

2002

Wanda Hatmaker

(910) 868-9640 N/A

112

19

Religious

N/A

Allen McLauchlin

List is based on information from North Carolina Department of Administration. Research by GFBJ Research.

Greater Fayetteville Business Journal

June 3, 2022 - June 16, 2022

SPONSORS PRESENTING

GREATER FAYETTEVILLE BUSINESS JOURNAL

A NEW VIEW THE FAYETTEVILLE REGION HAS NUMEROUS NEW LEADERS OF SIGNIFICANT INSTITUTIONS. AT THE POWER BREAKFAST ON JUNE 7, 2022, WE WILL SPEAK WITH A FEW OF OUR MOST RECENT LEADERS AND LEARN ABOUT THEIR BACKGROUNDS, THEIR PLANS AND HOW THEIR PERCEPTIONS OF FAYETTEVILLE MAY NOT MATCH UP WITH LONGSTANDING VIEWS OF OUR COMMUNITY.

DARRELL T. ALLISON Chancellor Fayetteville State University

ELAINA BALL

General Manager/CEO Public Works Commission

TUESDAY, JUNE 7 7:30 - 9:30 A.M.

LEAD

INSPIRE

STEVE PELLE

General Manager Fayetteville Woodpeckers

The Ralph and Linda Huff Orangery Cape Fear Botanical Garden Fayetteville, NC 28305

REGISTER NOW AT

FAYETTEVILLEPOWERBREAKFAST.COM!

TO LEARN ABOUT BECOMING A POWERBREAKFAST SPONSOR, CONTACT THE BUSINESS JOURNAL AT 910.240.9697 OR MARKETING@BIZFAYETTEVILLE.COM.

Page 19

Page 20

June 3, 2022 - June 16, 2022

Greater Fayetteville Business Journal

BIZ LEADS Reader’s Guide BizLeads is a collection of information gathered from greater Fayetteville courthouses, state government offices and information websites. The listings are intended to help the business community find new customers and stay on top of happenings with current customers, vendors and competitors.

New Corporations lists firms from the Greater Fayetteville Business Journal region that were recently incorporated in the State of North Carolina.

CUMBERLAND COUNTY

Emotionz Home Repairs and Moving Services 348 Croft Drive Fayetteville Agent: Rodriguez Parker Microphones and Makeup LLC 1131 Shell Dr. Apt. 2 Spring Lake Agent: Mytia R. Washington

Fayetteville Agent: Frances Swinney Precision Material Management LLC 100 Hay Street Ste 503 Fayetteville Agent: Abundant Living Consulting Corporation LLC

Premier Snacks LLC 2611 Dumfries Dr. Lace and Secrets Fayetteville Agent: DaQuan LLC 2604 Dumbarton Malik Moultrie Road OKG Coporation Fayetteville Agent: Cassie K. LLC 4508 Rose Campos Meadow Drive Danny B's Sand- Hope Mills wich Shoppe LLC Agent: Kenike Davis 17 Eastover Street VCM ConstrucEastover tion LLC Agent: Jessica 59 Ridge Circle Barnes Spring Lake The Wright Family Agent: Vicente Values Transport Cortes-Morelos LLC Xtreme Haulers 515 Grand Wailea Dr 1213 LLC 5116 Lime Hope Mills Street Agent: Amanda Fayetteville Grace Pastore Agent: Jimmy E. Charles Mi Portions-MJ 1511 Crystal Springs Road Kid of the King

Industries LLC 1926 Merrimac Drive Fayettevile Agent: Natasha A Molten LeeAnn's Beauty Bar LLC 2401 Bathgate Court Fayetteville Agent: Alexis L Hillman Love and Sage Designs LLC 5718 Waterwood Drive Fayetteville Agent: Patricia S Duggan REGION SIX PROJECT INC 100 Hay St, Ste 801 Fayetteville Agent: Rudolph K Smith Stan Miller Towing LLC 3829 Murchison Road Fayetteville Agent: Stan Miller Blankenship Construction of Hope Mills LLC 2420 Lull Water Drive Fayetteville Agent: Jonah James Blankenship Quality Truss LLC 6437 Hidden Lake Loop Apt 198 Fayetteville Agent: Tevin Bennett Wilderness Trace Distillery Limited

Liability Company 100 Hay Street Ste 503 Fayetteville Agent: Abundant Living Consulting Corporation LLC 3 Sisters & You LLC 5075 Morganton Rd STE 10C #1242 Fayetteville Agent: Stacie M Green DD&T DOT LLC 4220 Saleeby Way Fayetteville Agent: Richard Allen McClain Summer McPherson LLC 528 Harlow Dr Fayetteville Agent: Hoang Ngo DeLucia's Bake Shop LLC. 804 Kensington Park Road Fayetteville Agent: Dena Michelle DeLucia NATURAL NAILS INC 713 Emeline Avenue Fayetteville Agent: An Thu Hoang Chu Worlwide Agency Solutions Corp.

6705 Brookshire Street Fayetteville Agent: Wetzer Dormeille RD&R Fingerprinting LLC 4220 Saleeby

bizfayetteville.com

Way Fayetteville Agent: Richard Allen McClain

Dr Parkton Agent: Cassandre Georges

DR&D Notary LLC 4220 Saleeby Way Fayetteville Agent: Richard Allen McClain

Warren Logistics LLC 1108 Bowling Green Drive Fayetteville Agent: James E Warren

J.C.K. Dapper Fades LLC 1106 Barwin Drive Fayetteville Agent: Jamal Jonathan Taylor Veritac LLC 5511 Ramsey St Suite 100 Fayetteville Agent: William Reginald Till 222 ESSENTIALS LLC 1068 Data Ct Fayetteville Agent: Sydney Clayborn Aronel Management LLC 1442 Vergeland Dr Hope Mills Agent: Lenora Joyce Thompson Say Nail'd It LLC 5842 Nicolet Dr Hope Mills Agent: La'Saysha Faulk BERNARD J Trucking LLC 3046 Brookcrossing Dr Fayetteville Agent: Bernard Anderson Jawahir JEUDILIA LLC 1520 Seabiscuit

CHERRY ENT LLC 1871 Cascade st Fayetteville Agent: Billy Cherry Kodesh Motors LLC 631 Randinita Drive Fayetteville Agent: Christopher Dave Carter MDM CARE HOME LLC 133 Timber Hollow Dr Linden Agent: Lisa M Davis Loc'd N Paris Natural Hair Studio LLC 6809 Hunters Den Road Hope Mills Agent: Lekeita C Bryant-Goldwire Gunnlods360 Brew and Brunch Bar LLC 450 Hay Street Apt 409 Fayetteville Agent: Jessica Nicole Carey prettyandpeachie.com LLC 2101 Bingham Drive Fayetteville Agent: Shanta

Williams New Stream Properties LLC 222 Valley Pointe Lane Fayetteville Agent: Michael Nystrom Berkshire Bechham Capital Investments LLC 2533 Raeford Road Suite A Fayetteville Agent: Richard A. Galt Esq.

7131 Fillyaw Rd Fayetteville Agent: Sarah Lynn Williams AHS LLC 3254 Blossom Road Fayetteville Agent: Shavona Nicole White SSC Transport Inc 3015 Totley Dr Fayetteville Agent: Williston Atterbury

Life Defender Alert LLC 2587 Hope Mills Rd Fayetteville Agent: Jessica Denise Respus

Influential LLC 3011 Town Center Dr Ste 130 Unit #143 Fayetteville Agent: Algie Cowans

Start LLC 100 Hay Street Ste 503 Fayetteville Agent: Abundant Living Consulting

Vibras Salon & Boutique LLC 308 Hay Street Suite F Fayetteville Agent: Nora Samel Artiga

Corporation LLC Laster Holdings LLC 3970 Gold Hill Dr Eastover Agent: Susan Laster

Enjoy Life Entertainment LLC 3541 Dorado Circle Apt 103 Fayetteville Agent: Theodora

Kennedys Care LLC 620 Goodyear drive Spring Lake Agent: Randy Washington

Rochelle Walker CitiKidZ Vending LLC 3035 Wedgewood Drive Apt. 4 Fayetteville Agent: Tiffany L Chew

Week4you LLC 7109 Dayspring Dr Fayetteville Agent: Ashleigh Rochelle Davis Reach 1 Teach One Inc

Discovering Opportunity Realty Group LLC 711 Larkspur Drive Fayetteville Agent: Raymond Dexter Patterson

Greater Fayetteville Business Journal

June 3, 2022 - June 16, 2022

BIZ LEADS

bizfayetteville.com

Unicorn Home Improvement LLC 805 perley st Fayetteville Agent: Joy Pate Your Dream Painter by Malik Tyre LLC 1345 Yellow Ribbon Dr Fayetteville Agent: Malik Tyre Johnson ISR-Holli Simpson LLC. 3205 Bonita Farms Road Wade Agent: Holli G Simpson The Detail Shop LLC 2413 Hope Mills RD Fayetteville Agent: Jensen Furlong KIYOMIZU KANGEN LLC 6517 S. Dorchester Pl Fayetteville Agent: Shirley Trang Nguyen The LOR Group LLC 5224 Brookfield Road Fayetteville Agent: Robert Eliot Riley Reality Real-Estate LLC 3011 Town Center Dr. Ste 130 Unit #245 Fayetteville Agent: Keyana Duncan Newbie's Apparel LLC 247 Kipper Court

Linden Agent: Bianca Hardy AMG Gallery Enterprises LLC 7525 Cliffbourne Drive Fayetteville Agent: Russell L Howard NBJ SUBLIME LLC 2535 Gainey Road Fayetteville Agent: Nadine J Ba Jones iSuga Cosmetics LLC 1785 Toledo Court Fayetteville Agent: Tarea Antoinette Rrice SACBRAGG Investigation & Security Services LLC 516 Killeen Road Fayetteville Agent: Stephen A. Calderon WS Carrier Service LLC 6400 Starbrook Dr Apt 5 Fayetteville Agent: LaKisha M Wilson Bea's & Blue's Express LLC 6371 Hornbuckle Drive Fayetteville Agent: Malcolm E Artis Purple Onion.

LLC 943 Odom Drive Fayetteville Agent: Tyler

Clarence Francis Nail Forum LLC 2098 Birchcreft Dr Fayetteville Agent: Thuc Tran RDubbs Print Service LLC 2932 Breezewood Ave Fayetteville Agent: Rashawn Wirts Jessica Curtis Consulting L.L.C. 8604 Matchpoint Ct Linden Agent: Jessica Curtis Caress Boutique LLC 3011 Town Center Dr Ste 130 #127 Fayetteville Agent: JunNov Consulting Group La Marie's Boutique LLC 424 Sedgemoor Rd Fayetteville Agent: Lauren M Baskett Axiom Premier Properties LLC 215 Judd St. Fayetteville Agent: Ashley King Golden Bulls Foundation Inc. 335 Eastwood Avenue Fayetteville Agent: Gary Garner Precision Auto Detailing LLC 2825 truewinds DR

Fayetteville Agent: Aaron Charles Nieves Wise Performance Lab LLC 5708 Nessee Street Fayetteville Agent: Joseph Wise E & K HOME LLC 112 Kristin Ave Spring Lake Agent: Huong Thi Hoang Hand Over Hand Inc 425 Dunblane Way Fayetteville Agent: Tara Ingram Cruz's Plumbing LLC 710 Johnson St Fayetteville Agent: Octavio Esteban Cruz The Red Cup Association LLC 3432 Summer Cove Dr Fayetteville Agent: William Henry Burnette Sheepdog Scuba LLC 6345 New Hope Church Rd Wade Agent: Steve Staton Friday-booth LLC 330 Milburn Dr Fayetteville Agent: Latoya Claudette Cain ICE O's Frozen Treats LLC 5239 Heather

St Hope Mills Agent: Jeremey Oliphant

Fayetteville Agent: Abundant Living Consulting Corporation LLC

High Hoops LLC 3221 Nontucket Lane Hope Mills Agent: Katie Beache

Tango Down Apparel LLC 7463 Elkhorn Dr Fayetteville Agent: Jason Micallef

Amira Amor Childcare Center Inc. 980 Kennesaw Dr. Fayetteville Agent: Margarita Blanche

DCCW LLC 3011 Town Center Dr Ste 130 Unit 189 Fayetteville Agent: Sang Choi

NC State NBHA Corp 2644 John McMillan Rd Hope Mills Agent: Patricia Nunnery Saint George Properties LLC 611 Brittany Pl. Apt H Fayetteville Agent: Abram Makram

Page 21

ComputerDoctor26 LLC 3059 N. Main Street Ste.19 (PMB#60) Hope Mills Agent: Stanley Louis Jackson Jr Jordyn Xpress LLC 4001 Trencholm Ln Hope Mills Agent: Thomas Keith Bryant

Brother Ellis LLC McPherson Cor- 1434 Pine Valley Loop ner LLC 2709 Thorngrove Fayetteville Agent: Jacob Court Suite 1 Warren Fayetteville Agent: Robert J ZAZA LLC Williams V 5104 Arizona Ct. Fayetteville It's Moore Than Agent: Angelik Clean LLC McArthur 100 Hay Street Ste 503 Suttonly OptiFayetteville Agent: Abundant mum Services LLC Living Consult1156 Patrick ing Corporation Drive.

LLC Fayetteville Agent: Jesse Tice CommuniSutton Jr cations LLC 100 Hay St Ste Veterans Adap503

tive Motorcycle Program Inc. 426 Derose Drive Fayetteville Agent: Jack Stottlemire Jamabean LLC 5441 Biscoe St Hope Mills Agent: Jamelene Laylani Whitfield 1603 LLC 5616 Stonefield Street Hope Mills Agent: Mickey William Phillips Jr El Palacio LLC 3520 Birkdale Ct Fayetteville Agent: Paco Williams

Nicholas Vecchiarelli 4MK LLC 6222 Carver Pine Loop Apt 6301 Fayetteville Agent: Martha Reid Island Flava Restaurant LLC 195 Starpoint Drive Fayetteville Agent: Tamar Crawford PRIMAL PROPERTIES LLC 2005 Rosewell Road Fayetteville Agent: Brandon Hanks

MIXUPMOODS LOGISTICS LLC 4425 Quartz Dr Fayetteville Agent: Richard Allen

The Heath Legacy Group LLC 5613 Toggel Ave. Fayetteville Agent: Shante Green

P&S Logistics LLC 3805 Chadbourne Drive Fayetteville Agent: Terrance Payton

Sleep & Diet Restoration PLLC 2529 Raeford Road Fayetteville Agent: Laurie Powers

Dox&wax Spa Inc 704 Goodyear Dr Spring Lake Agent: Haihong Yang

INPICRECE Inc. 1830 Owen Drive FAYETTEVILLE Agent: Annette Acosta

Best Value Mowing & Trimming LLC 3513 Hastings Dr. Fayetteville Agent: Anthony

MCDANIEL-TARRANT CEMETERY 5625 Prestonfield Lane Hope Mills Agent: Kristy Tarrant

Page 22

June 3, 2022 - June 16, 2022

Greater Fayetteville Business Journal

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Museums

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May 28 - June 10, 2021 Vol. 1, No. 1

June$2.00 25 - July 8, 2021

WEB EXCLUSIVE e.com bizfayettevill June 11 - June

24, 2021 Vol.

WEB EXCLUSIVE Fayetteville during construction Pope Airfield om bizfayetteville.c

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Military

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bizfayette

Post-Pandemic

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Page 16

Page 32

business

Page 15

Military

Business Military Business Center focusing on small business

Retail sales

Appliance stores waiting for inventory

Page 9

Page 31

Tourism

tapped to lead Randy Fiveash Page 3 visitors bureau

MORE INSIDE and other House Theatre crowds.

Cameo Art look for returning Page 13 businesses

IndexPHOTOS BY ANTHONY WOOTEN

Economic

Index such as the

Downtown shops

Index

................. 2 ........................

4 Editor’s Note Estate ........................

6 Commercial Real ......................

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BACK WHEELS UNBOXING UP AMAZON’S ARRIVAL LLE

..................

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Biz Leads ......16 .................. .................. ........21

FAYETTEVI

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FLYING OUT OF FAY

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Greater Fayetteville Business Journal >>

June 3, 2022 - June 16, 2022

bizfayetteville.com

Staff Report

Page 23

BANKING + FINANCE

FALAQ LAZUARDI/UNSPLASH

Fitch Ratings reported that revenues for FY 2021 were better than anticipated, bringing in $1.56 billion.

Build NC FITCH RATINGS EMPHASIZES GROWTH, RESILIENCE IN COMMENTARY ON BUILD NC BONDS

F

itch Ratings, an internationally recognized and award-winning provider of credit ratings, commentary and research, recently assigned a AA+ rating to $300 million State of North Carolina limited obligation (Build NC) bonds, series 2022A Fitch also announced that it affirmed $1 billion in outstanding Build NC limited obligation bonds at 'AA+'.

Build NC went into place in January 2019. The North Carolina Department of Transportation program is a financing tool that aids in the process of “critical road projects at the regional and division tiers that do not qualify for a similar federal funding tool,” NCDOT’s website states.

The tool was established in hopes that, by fulfilling its goal, Build NC would aid infrastructure, the workforce through job creation and availability, healthcare facilities, and opportunities in education.

Under the State Transportation Improvement Program, NCDOT has successfully “made process improvements that led to the acceleration of

350 projects and made room for an additional 144 projects,” the website says.

Fitch calls the Rating Outlook for the bonds “stable.”

“The 'AA+' rating for the Build NC limited obligation bonds is not considered to be distinct from the operations of the State of North Carolina and is capped one notch below the state's 'AAA' Issuer Default Rating (IDR) given the appropriation requirement,” the organization said.

“Fitch expects long-term growth to resume at a pace that exceeds long-term expectations for national inflation as the economy recovers from the pandemic-induced downturn. Given expected leveraging and current high debt service coverage by revenues in the HTF, the bond structure has robust resilience to economic downturns.”

Fitch also reported an anticipation of sound growth in revenue stream.

“Growth of revenues deposited in the [Highway Trust Fund], which include motor vehicle usage fees based on the retail value of purchased or leased motor vehicles when titled in NC (highway use taxes), motor fuel taxes,

and a variety of other transportation-related fees, has been strong for the past ten years, following a steep decline during the Great Recession,” the organization said. “Fitch expects pledged revenues to track relatively strong long-term growth in the North Carolina economy, above the longterm national rate of inflation, reflecting in part population growth that is higher than the national average.”

Another key rating driver that Fitch Ratings focused on was resilience. “Given current statutory limits on leverage and ample coverage of debt service and standing appropriations that support debt service for bonds issued by the NC Turnpike Authority, the HTF can easily absorb a decline in revenues expected to result from a moderate recession scenario or one equivalent to the largest historical decline,” Fitch reported.

Lastly, Fitch said that the state’s commitment to “annually’s appropriate debt service from the [Highway Trust Fund]” limits the rating to one notch below N.C.’s AAA Issuer Default Rating.

Revenues in FY 2021 were stronger than predicted, despite a previous

forecast that revenues would decline because of the pandemic. In 2021, revenues totalled $1.56 billion.

“Highway use taxes increased 19% yoy, offsetting a 31% decline in motor fuel taxes that were deposited to the HTF. Debt service coverage, inclusive of annual statutory commitments, remained ample at 9.6x.,” Fitch Ratings reported. “The revenue forecast for the fiscal 2022 was updated in June 2021, with the HTF forecast to receive $1.55 billion, essentially flat to fiscal 2021, but reflecting improved economic conditions, a rebound in vehicle sales, as well as in motor fuel consumption.”

The unexpected revenue come with built-in resilience, Fitch Ratings explained. “Based on fiscal 2021 revenues of $1.56 billion, the HTF could withstand an 86% decline in revenues and maintain sum sufficient coverage of MADS ($215.143 million), which includes both debt service on the Build NC bonds and standing appropriations for transfers to the NC Turnpike Authority for debt service and the NC Port Authority for capital projects,” the organization said.

Page 24

June 3, 2022 - June 16, 2022

Greater Fayetteville Business Journal