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August 9, 2013 • Vol. 35, No. 32 • $1 • 28 pages

SPORTS

NEW SEASON, NEW RULES

» A few weeks before football season starts, Mississippi State has unveiled the state’s first set of regulations governing commercial tailgating companies – Page 5

MBJ FOCUS: BANKING & FINANCE

Know the differences between banks and credit unions before moving your money Page 12

2 I Mississippi Business Journal I August 9, 2013 REAL ESTATE DEVELOPMENT

Developer: Fondren theater survey results outpace expectations By CLAY CHANDLER I STAFF WRITER clay.chandler@msbusiness.com

The results of a survey conducted by a Millsaps College marketing class geared toward a proposed theater in Fondren were better than expected, one of the developers said earlier this week. Jason Watkins is part of the group that wants to restore the old Pix/Capri Theater in the historic neighborhood’s business district. Gauging interest in the project was part of the curriculum for a graduate-level marketing class at Millsaps last spring. Watkins said he got the results in early summer, and after digesting them, came away pleased. “We really got incredibly strong feedback. The scope of what they did is pretty amazing. They collected thousands of surveys. I guess around 2.000. The results were pretty dramatically in favor of the model we’re trying to do.” Watkins’ group hope to turn the Pix/Capri into a dine-in theater, in which patrons can watch a movie in a restaurant-like atmosphere, complete with food and beverages. Millsaps students broken into groups set up websites that asked basic demand ques-

“We expected a good response, but it really far exceeded our expectations.” Jason Watkins

tions – like how likely a respondent would be to patronize the theater – and more indepth diagnostic questions, such as their interest in certain food and beverage offerings and their price points. “We expected a good response, but it really far exceeded our expectations,” Watkins said. “It took the element of chance out in a lot of ways. There’s something about the

Fondren area that the respondents seem to be drawn to over other areas of Jackson. I do think that gives us an advantage.” Watkins said his group has hired a theater consultant to aid in picking an operator for the theater. “I had hoped we could have made an announcement on who that was by now, but we’re not there yet.” Selecting an operator will help firm up timetables for the theater’s construction and opening, Watkins said. The Pix/Capri stopped showing films in the late 1980s, and has sat mostly vacant since, with the exception of temporary tenants. Watkins and his partner, Jackson lawyer David Pharr, intend to restore it to its original use. Knowing that, Millsaps marketing professor Dr. Penny Prenshaw decided that quantifying potential interest in the theater would be a good project for one of her graduate-level marketing classes. “They did a pretty thorough external analysis of the movie theater industry, and then the sub-sector of the dine-ins,” Prenshaw said last spring. “There’s a significant number of models out there. The big corporate players have their own version, and then you’ve got some of the private, smaller

type cinemas.” The difference in the two is pretty basic, Crenshaw said. The corporate models generally show first-run films; the stand-alone, privately owned models show what’s called “second-run” films. For example, the award-winning “Argo,” which left theaters late last year, would be considered a second-run. Independent dine-ins also regularly show foreign films, classic films and documentaries, to go with serving as host for community-wide events like concerts and art showings. Another thing that separates independent theaters like the Pix/Capri is their customers. Corporate theaters that show strictly first-run films generally cater to traditional movie-goers – teenagers. A lot of independents, which are likely to serve alcoholic beverages, restrict anyone under the age of 18 years. “So it’s an interesting business model in that they’re purposely not allowing the heavy user,” Prenshaw said in April. “Nevertheless, you still have a group of heavy users that are older, in that 21 to 32 age range, who will probably be the primary target for this dine-in concept.” Prenshaw said it was likely that her class’s survey was the first of its kind that was geared specifically toward the Pix/Capri. “I would think maybe at some point people have thought about refurbishing the Capri for theater space, but certainly to our knowledge, this is the first that is looking at the dine-in concept.”

TACY RAYBURN / MBJ

Developers are more than pleased with the work Millsaps College did on the survey of the Pix/Capri project.

August 9, 2013

Mississippi Business Journal

LODGING

JRA agrees to consider Journeyman Austin proposal for convention hotel » Project will compete with offer from Tampa’s Robinson Callen to build $60 hotel By TED CARTER I STAFF WRITER ted.carter@msbusiness.com

It’s game-on for two hotel development companies bidding to build a convention center hotel in Jackson. The unsolicited proposal Journeyman Austin submitted to Mayor Chokwe Lumumba’s office shortly after 5 p.m. Monday is now in the hands of the Jackson Redevelopment Authority, where officials say it will get consideration from the JRA’s Board of Trustees. Journeyman Austin’s proposal must play catch up, however, with an unsolicited Request for Proposals from Tampa hotel developer Robinson Callen, a proposal Harvey Johnson touted in his final week as mayor. The Robinson Callen proposal received an endorsement from the JRA board on June 25 in an affirmative vote that included the transfer of land across Pascagoula Street from the Jackson Convention Complex to Robinson Callen. The action as well included approval for JRA’s legal staff to prepare a development agreement with Robinson Callen. The JRA has refused to reveal specifically what land is being transferred to Robinson Callen and the terms of the development agreement the JRA directed staff to prepare. The JRA rejected an Open Records request the Mississippi Business Journal made on June 26 for the information. It is unclear whether the JRA land transfer approval would have to be put in

abeyance while the board considers a similar land transfer request from Journeyman Austin. Further, it is unclear whether the JRA board would wait to send a development agreement with Robinson Callen to the City Council until it reviews the Journeyman Austin proposal. At this point, the JRA and the agency’s

vention center hotel on the approximately 14 acres the city has retrieved or intends to retrieve from Transcontinental Realty, a Dallas, Texas, hotel developer which sought for several years to build a hotel in Jackson and had taken possession of the parcels through a deal with the late Frank Melton during his time as mayor.

“We are totally in the dark and we haven’t gotten any instructions...” Don Hewitt Advanced Technologies Building Solutions

interim executive director, Willie Mott, have said only that the agency is willing to look at Journeyman’s hotel offer, according to Latrice Westbrooks, interim spokeswoman for Mayor Lumumba, “My understanding is that it would be considered,” she said. Don Hewitt, head of Journeyman Austin’s local partner Advanced Technologies Building Solutions, said he is pleased that JRA will consider a second proposal. He noted, however, he has received no specifics on moving forward. “We are totally in the dark and we haven’t gotten any instructions from the mayor’s office or the JRA on how to proceed,” he said. Both proposals call for building a con-

Robinson Callen says it can build a 12floor, 314-room with meeting rooms and a skywalk connecting the hotel and convention center for $60 million. Callen wants a backstop of $9 million from the city in the form of loans that would go to the developer should hotel revenues fall belong projections in the hotel’s initial years. One key difference with the Journeyman proposal is parking accommodations. While Journeyman proposes structured above-and-below-ground parking connected to the hotel, Callen is offering surface lot parking. Journeyman Austin has not revealed its estimated costs for the 304-room, eightfloor “entertainment-themed” hotel it

DON SMITH

Land across from the Jackson Convention Complex has long been targeted for a convention center hotel. .

wants to build, Journeyman submitted a proposal to the JRA in December 2011 that specified a 304-room convention center hotel with an attached parking structure that carried a construction cost of around $67 million and total project cost of $75.5 million. Both hotel proposals would rely on New Market Tax Credits for a significant portion of the hotel’s funding as well as creation of a Tax Increment Financing Districts. Robinson Callen said in late June it wants to break ground on its project within six months. Through its plan to finance through the Mississippi Business Finance Corp., Robinson Callen would find a lender that would buy taxable bonds issued by the Business Finance Corp., presumably at an interest rate below that of conventional commercial lenders. The Mississippi Business Finance Corp. serves as a facilitator of the bond sale and takes no responsibility for repayment of the bonds, said Bill Barry, executive director and treasurer of the public, non-profit entity whose mission is to coordinate state resources to assist businesses and industries in obtaining financing. “It’s an incentive program,” Barry said. “They get a break on the interest rate,” often in conjunction with exemptions on sales taxes and ad valorem taxes. Robinson Callen has yet to approach the Business Finance Corp., according to Barry, who said approving and selling the bonds typically takes 60 to 90 days. “I haven’t heard of anything coming through the pipeline,” Barry said in an interview last Friday. The Mississippi Business Finance Corp.’s board meets Aug. 13 and then on Sept. 11.

4 I Mississippi Business Journal I August 9, 2013 HISTORIC PRESERVATION

After life » Burns-Belfry project nears completion BY WALLY NORTHWAY I STAFF WRITER wally.northway@msbusiness.com

Next month, the Burns-Belfry facility in Oxford, which has roots that go all the way back to the 19th century, will again be filled with the sound of joy when it is dedicated as a new museum and gathering place. For generations, the African American community came together at Burns-Belfry to worship. On Sept. 21, it will officially begin its new life as both a museum and meeting facility. Officials have every right to be pleased as the multi-phase project that began more than a decade ago has not been without its challenges. “In essence what we had was a historic building that had totally failed,” said Jim Pryor, who is managing the project for the Oxford-Lafayette County Heritage Foundation with assistance from the Oxford Development Association. The original wooden facility was built in Oxford in 1870, the first church in the city to be built by recently freed slaves. In 1910, the original Methodist Episcopal Church was replaced with a brick structure on Jackson Street. It went through a series of owners beginning in the mid-

Special to the Mississippi Business Journal

Burns-Belfry had fallen into decay, presenting challenges in its rehabilitation process both to the project’s designers and builders.

1970s, the last being writer John Grisham, who had originally planned to make Burns-Belfry into his office and donated the building when those plans changed. Time was not kind to Burns-Belfry, however, and when the project started in 2002 to rehabilitate it, the building envelope was near decay. “We had serious engineering issues,” said Pryor. “Perhaps the most challenging was we could not tear down the brick façade.” Designed by Howorth & Associates and renovated by Hooker Construction, the build team

Ofﬁce Space for Rent in downtown Jackson Approximately 1800 sq. ft., includes 2 private ofﬁces

encompassed three phases is on track to open to the public next month. “Phase three tackles the finer details of the exterior and interior. Now our focus is on landscaping, museum exhibits, and opening the meeting center,” Pryor said. The new Burns-Belfry will offer history and cutting-edge technology under one roof. The interior has been renovated to its original look, including colored glass windows. However, it will also offer modern adjustable lighting conducive for a meeting facility, a sound system that will pipe in the sounds of a worship service including preacher, organ and choir and the church’s history will be offered on touch screens and displays along the church’s walls. The plans for the meeting space includes a drop-down video screen and full audio-visual capabilities. To date, organizers have raised $1.7 million through federal, state and local grants and donations, the most significant being Ray Neilsen, former chairman of the board of

“We had serious engineering issues.” Jim Pryor

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Manager, Burns-Belfry project

struck a unique, creative solution — use some 1,200 metal pins to allow the brick walls to “float” while crews worked on the facility’s envelope. Once complete, they tied the bricks back in. Now, with the interior and landscaping being finished and the initial phase of the museum being installed, the project that

Ameristar Casinos and current chairman of the Craig H. Neilsen Foundation who stumbled across the shuttered building just as phase one of the reconstruction began. “I had ridden by the site,” Neilsen said, “and noticed the building was there – and what a spectacular building it was.” In total, Nielsen has personally given $220,000 to the project — $90,000 for the building and $130,000 for the museum. He has also volunteered to lend a hand to the landscaping. The project still needs about $150,000 for completion. Interested parties can contact Pryor at (662) 801-4087. For more on Burns-Belfry, visit www.burns-belfry.com/.

August 9, 2013

Mississippi Business Journal

SPORTS

New season, new rules: MSU adopts commercial tailgating policies By CLAY CHANDLER I STAFF WRITER clay.chandler@msbusiness.com

le B Bu ss un si th dl nes an es s $ 75 for /m o.

A few weeks before football season starts, Mississippi State has unveiled the state’s first set of regulations governing commercial tailgating companies. A school press release said the rules governing commercial tailgating companies — those that erect tailgate set-ups for customers — are designed to manage the industry’s expansion. A committee adopted the policies after studying the issue on the Starkville campus. Members also examined similar policies at other institutions. The results showed that the expansion of the commercial tailgating business has led to tension with traditional tailgaters and those who contract with vendors. A cornerstone of the policy, a fee commercial tailgating companies have to pay to operate on campus, will be waived this year. It will take effect next year. Companies will also have to register with the school, and notify officials how many tailgating spaces it needs. A commercial tailgating operator will be defined as any company that is paid to set up more than 10 tents. The school antici-

pates having 250 tailgating spaces available for commercial operators. "We were concerned about the potential encroachment on the traditional tailgate atmosphere brought about by multiple commercial operators on campus and others seeking to begin operations," said Don Buffum, MSU's director of procurement and contracts. "We regret that these changes may have a negative impact on a small number of our fans but wanted to preserve the firstcome, first-served tradition at MSU tailgates for the majority of fans who continue to set up their own tents." Buffum said some commercial tailgating companies have promised to locate customers/patrons in specific locations, an action that runs counter to the university's long-standing first-come, first-served tailgating policy. "These new policies have nothing to do with the university trying to make money or give better spots to large donors," Buffum said. "We are waiving the fees this year and implementing the fee next year to cover the cost of planning, marking, and policing the commercial locations to ensure fairness to all MSU fans." Under the policies, MSU will designate two areas for commercial tent operations -

Wire your business for success

- one-half of the amphitheater area and one-half of the agricultural and biological engineering building's grass area. A commercial operator will be defined as anyone who is paid to set up 10 or more tents. If MSU determines that an operator is setting up more than 10 tents and has not registered, the school might restrict its access to campus. MSU anticipates having about 250 spaces available for commercial operators, Buffum said. The school will accommodate as many spaces as possible, it said, in the designated areas, but can not guarantee a certain number of spaces will be available to a particular commercial operator. The commercial tailgating industry has

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expanded in Oxford, too, but not to the point that requires designated operation areas, Ole Miss athletics director Ross Bjork said. “Each campus will decide on its own,” he said in a phone interview last week. Bjork said Ole Miss’ policy remains open. Tailgaters who set up their own spreads and those who pay a vendor can locate in any of the school’s tailgating areas. The only variable is who gets there first. “But we always have to be concerned about safety and security, and who’s coming on and off your campus, how they gain access and all those sort of things,” Bjork said. “So we have to be mindful of those things moving ahead. At the same time, we have to maintain and grow and enhance the best tailgating atmosphere in college football. The balance there is always something you have to be mindful of. You always look at options, what’s out there and what other people do. That’s our job.” The University of Southern Mississippi also does not have policies in place regulating commercial tailgating, Brent Jones, associate AD for marketing and communications, said in an email.

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NEWSMAKERS

6 I Mississippi Business Journal I August 9, 2013 Profiles of growing young professionals in Mississippi

Age: 21 Founder and President, Cryogenic Studios

Keeping our eye on... CHAD HARMAN Growing up, Chad Harman considered himself a “space junky.” “I read more space books than I can count,” Harman says. “I even created my own version of space travel using electromagnets and the Earth’s electromagnetic sphere. I would have given anything to be an astronaut.” As the founder of video game developer Cryogenics Studios, the home school graduate and Belhaven University student gets to combine technology and science fiction with art and business. “Video game development is something few people know about,” he says. “When we make a video game we get to collaborate with everyone else, which ultimately leads to storytelling at its highest level.” Right now, Harman and his college friends are designing

games for smartphones as well as traditional consoles. “I am a music composer, writer and administrator, but mostly, and maybe most ardently, I'm the idea guy,” he says. “I'd love to be standing in a retail line in New York City and see people buy a game that came from the heart and soul of this great state.” When not working, Harman enjoys music, making short films and leading in the worship band at the Wingard Home in Jackson. Harman is also still interested in space. “They've been talking about the opportunity to put a colony on Mars. I’d go.” he says.

Heroes or mentors: “A tie between my dad and Morgan Freeman.”

Best thing about Mississippi: Long country highways Favorite Mississippi food: Fried chicken Favorite TV show: “Chuck” Favorite movie: “A Beautiful Mind” Favorite music: Relient K Bucket list: “Eat the world’s largest pizza. I'd love to write and direct a film as well. But one day at a time.” Twitter handle: @chadwickharman

— By Stephen McDill

Read the full biography at www.msbusiness.com

Galaty heading department Shafer named VP

Carmichael named president

Award-winning survey archaeologist Michael Galaty is the new head of Mississippi State University's Department of Anthropology and Middle Eastern Cultures. Before officially assuming his duties, Galaty was an anthropology professor and chair of the sociology and anthropology department at Millsaps College in Jackson. Galaty holds master's and doctoral degrees in anthropol- Galaty ogy from the University of Wisconsin, Madison. Also an anthropology graduate of Grinnell College in Iowa, he first became interested in Greece as an undergraduate and was given the opportunity to study abroad there. His current research interests include the archaeology of the Balkans, archaeological survey, ceramic petrology, and the formation of states. Over his career, Galaty has led numerous projects, including the Mallakastra Regional Archaeological Project in central Albania from 1998-2003, as well as archaeological investigations at the Blue Ridge Center for Environmental Stewardship in Virginia. Currently, he is directing the Shala Valley Project, an international, interdisciplinary effort aimed at surveying a high-altitude, northern Albanian valley. In 2010, Galaty was honored with the Excellence in Undergraduate Teaching Award of the Archaeological Institute of America. During the 2007-08 school year, he also received Millsaps' Distinguished Professor Award.

Scott Carmichael has assumed the presidency of Missouth Development Co. He is the son of Gil Carmichael, former gubernatorial candidate. Carmichael is uniquely qualified to guide budding entrepreneurs, with nearly 25 years in the banking and financial sector before moving into the family business at Missouth.

Longwitz named Fellow State Sen. Will Longwitz is one of 48 state policymakers from across the country selected as a Council of State Governments' Henry Toll Fellow for the Class of 2013. The 48 Toll Fellows in the Class of 2013 represent 35 states and Puerto Rico, with 35 serving in the legislative branch, four serving in the judiciary and nine hailing from the executive. A 13member committee of state leaders, many who are Toll Fellows themselves, reviewed a record number of applications to select the class.

Austin F. Shafer has joined BankFirst Financial Services Starkville office as the assistant vice president. Shafer is a Starkville native and graduate of Mississippi State University. He and his wife Blair are the proud parents of two future Mississippi State Bulldogs, Sydney and Sam.

Shafer

Watkins made editor Dr. Lorie Watkins, associate professor of language and literature at William Carey University, was recently named editor of the Publications of the Mississippi Philological Association (POMPA), the journal of the Mississippi Philological Association (MPA). Watkins is taking over the position from J.B. Potts of Mississippi College, who has edited the journal for seven years. Watkins’ inaugural volume of the Watkins publication will feature works read at the 2013 conference hosted by WCU’s Language and Literature Department. Watkins teaches undergraduate and graduate courses in literature and composition. In 2011, she was named as the Mississippi Humanities Teacher of the Year for WCU. She is also the author of “William Faulkner, Gavin Stevens, and the Cavalier Myth” and has published essays in numerous literary journals.

Allhoff earns certification Tammy Allhoff of Hattiesburg has been honored by the National Board of Surgical Technology and Surgical Assisting for 20 years as a certified surgical first assistant. Allhoff is director of the surgical technology program at Pearl River Community College’s Forrest County Center.

Carmichael

Vowell, Price elected to board Todd Vowell and William N. Price Jr., CPA, have been elected to the board of directors of Bank of Forest. Vowell received his marketing degree from the University of Mississippi and received an MBA from Delta State University. He currently serves as president and secretary of Triplet V Inc. and Big Daddy Foods Inc. Vowell also serves on the board of directors of the Mississippi Retail & Grocers Association and as a deacon Price of Forest Baptist Church where he serves as chairman of the Property Committee. Vowell and his wife, Erin, have two children, Addison, 5, and Cade, 3. Price is the owner of Price and Co. He previously worked as a senior accountant in Jackson for Koury, Ready, & Lefoldt. Price received his master's and bachelor's degrees in accounting from Vowell the University of Mississippi, where he also attended law school. He has served as an alderman for the City of Forest and as a director for the Forest Area Chamber of Commerce and Lion's Club. He is married to the former Tracy Strickland of Dixon, and they have two sons, Will and Zack.

Moore selected as president AllhofF

Tim Moore has been appointed as president of North Mississippi Medical Center-Tupelo. Since April 2012, Moore has served as vice president of North Mississippi Health Services' community hospitals,

working closely with the facilities in Eupora, Iuka, Pontotoc and West Point as well as Hamilton, Ala. Moore came to Tupelo from Meridian, where he had served as system vice president of regional operations for Rush Health Systems since March 2007. Prior to that, Moore was affiliated with NMHS, serving as administrator of North Mississippi Medical Center-West Point from 2003-2007. Before his stint Moore in West Point, Moore was assistant executive director and COO for Greenwood Leflore Hospital for four years. Previously he worked with the Rush Health System and other health care providers in the Meridian area. A native of Forest in Scott County, Moore holds an associate's degree in radiological technology from Meridian Community College and a bachelor's degree in industrial science from Mississippi State University. He earned a master's degree in health care management from the University of New Orleans in 2003. He is an active member of the Mississippi Hospital Association, serving on the board of MHA Board of Governors and recently named chairman-elect. He and his wife, Janice, have two sons, Ross, 22, and Matt, 28. Moore enjoys spending time with his family and playing golf. He has been actively involved with various civic organizations and economic development efforts.

CMMC chooses Brooks Central Mississippi Medical Center (CMMC) has named Lana Brooks, RN, BSN, director of surgical services. Brooks, who has 25 years of managing surgery departments, most recently served as director of surgery at another area hospital. She also has experience in establishing a robotic surgical center and serving as an orthopedic and neurological coordinator. Brooks, a native of Brooks Magee, received a bachelor of science degree in nursing from the University of Southern Mississippi.

NEWSMAKERS Sanders earns promotion GranthamPoole CPAs has promoted Alex Sanders, CPA, to senior manager of the firm’s office in Oxford. A longtime resident of Oxford, Sanders has managed the office since its opening in July 2011. The Yazoo City native received his bachelors of business administration degree in accounting and management information systems from Baylor University and his masters of accountancy degree from the Uni- Sanders versity of Mississippi. Prior to joining GranthamPoole, Sanders spent five years with a local accounting firm, where he worked in the areas of taxation, auditing, and small business consulting. His most recent years have been spent as the business manager for a group of family-owned companies in the real estate sales, residential development and property management fields. Sanders is a member of the American Institute of CPAs and the Mississippi Society of CPAs.

WAPT welcomes Vogel Aaron Vogel has been named assistant news director at 16 WAPT-TV. Vogel comes to Jackson from Knoxville, Tenn., where he was executive producer at CBS Affiliate WVLT. Before that, he was in news management in Savannah, Ga., and worked as a news producer in Jackson, Tenn. In 2010, Vogel’s team won an Emmy for “Best Newscast” in the same category against WAPT.

Clinic adds Barnard Olivia L. Barnard, CNP, recently joined Hattiesburg Clinic Neurology as a nurse practitioner. Barnard received her bachelor of science in nursing from Mississippi University for Women and her master of science in nursing from the University of Southern Mississippi. She is a certified family nurse practitioner and a registered nurse, and is a member of Sigma Theta Tau.

Chang named fellow Sam Chang, head of the Department of Food Science, Nutrition and Health Promotion at Mississippi State University, has been named a fellow in the American Chemical Society’s Agricultural and Food Chemistry Division. Chang began his career at MSU in June 2012. Earlier this year, he was named a certified food scientist by the Institute of Food Technologists. He is also a fellow of the Institute of Food Technologists and serves on the advisory board of the American Chang Council on Science and Health. Chang is internationally renowned for his work with legumes. Before coming to MSU, he worked at North Dakota State University, where he collaborated to produce five new cultivars for edible beans, a venture that generated revenue for the university. His work on enhancing soybean quality through proper storage has had a significant impact on the soy food industry. Chang earned his doctoral and master’s degrees in food science and technology from the University of

August 9, 2013

Mississippi Business Journal

lated projects, client relationships and budget management in the firm’s Ocean Springs office where he is located.

Penico joins Memorial

Dupont elected secretary, commissioner

Pande

Penico

Memorial Physician Clinics has added Jesse Penico, MD, in the practice of infectious diseases. Penico received his bachelor's degree from Washington and Jefferson College in Washington, Pa. He attended medical school at Tulane University School of Medicine in New Orleans. Penico completed his internship and residency in internal medicine and fellowship in infectious diseases at Ochsner Medical Center in Jefferson, La. Penico is board certified in internal medicine and infectious diseases. Also, Dr. Olivia Hightower, Dr. P.V. Pande

Nebraska-Lincoln. He obtained a bachelor’s degree in food and nutrition from the Chinese Culture University in Taiwan.

Goerger wins award Dr. Niki Goerger of the U.S. Army Engineer Research and Development Center (ERDC) in Vicksburg has received the Army’s Meritorious Civilian Service Award for her service with the Office of the Assistant Secretary of the Army (Acquisition, Logistics and Technology) (ASA(ALT)) from August 2008 to November 2012. Goerger currently serves as business development director at ERDC, a position she as- Goerger sumed in November of last year. While at ASA(ALT), Goerger served as the ERDC liaison and held additional positions as the acting director for Basic Research, director for the Deployable Force Protection Program and acting director for the Innovation Enablers Science and Technology Portfolio. She earned her bachelor’s degree in biological engineering at Mississippi State University, where she also holds a master’s degree in agricultural engineering with a minor in statistics. Goerger attained her doctorate in industrial engineering from Texas A&M University in 1993, where she was selected as a Westinghouse Manufacturing Fellow in Engineering for 1990. Goerger is a member of the Military Operations Research Society (MORS), where she was elected to two terms on the executive council, serving as secretary from 2006-2007 and as vice president for professional affairs from 2007-2008. She was elected to the MORS board of directors in June 2004, where she served a four-year term. She is also a member of the Institute for Operations Research and the Management Sciences and has been inducted as a member of the Order of the Engineer, Phi Kappa Phi and Tau Beta Phi honor societies. Goerger is married to retired Army Col. Simon R. Goerger, Ph.D., an operations research analyst at ERDC. She is a native of Madison.

Wall

and Dr. Allison Wall are now seeing patients at the Memorial Medical Oncology Clinic and Infusion Clinic in Biloxi. Hightower recently joined the Memorial Cancer Center and completed her residency in Internal Medicine and Oncology Fellowship at Ochsner Clinic in New Orleans. Wall completed her hematology and oncology fellowship at Saint Louis University in Saint Louis, Mo. She is board certified in medical hematology and medical oncology. Pande is board certified in medical oncology.

Brown tapped for program Meagan Brown, clinical assistant professor of pharmacy practice at the University of Mississippi, has been selected to participate in the National Association of Chain Drug Stores Foundation's Faculty Scholars Program. As coordinator of community pharmacy development, Brown works with community pharmacists around Mississippi to advance pharmacy practice by providing medication therapy management and chronic disease management training, and assisting with health fairs.

Atkinson lands internship BKD, LLP’s Jackson office, has added Aren T. Atkinson as an intern. Atkinson graduated from Mississippi College in May 2013 where she earned a bachelor’s degree in accounting. She joins BKD this summer as an intern in the Jackson office’s tax department. While attending Mississippi College, Atkinson was on the President’s List and also a member of the Accounting Society and the Investment Club. After Atkinson interning with BKD, Atkinson plans to pursue her master’s degree at Mississippi College in the fall of 2013.

Attorney Jessica Dupont was recently elected secretary of the Mississippi Bar’s Young Lawyers Division. The lawyers of Jackson, George and Greene Counties also elected Dupont as commissioner for the Nineteenth Circuit Court District of the Bar’s Board of Commissioners. Dupont’s position as secretary is a one-year role. Dupont will serve as commissioner through July 2016. Dupont is president of the Dupont Mississippi Women Lawyers’ Association. Haley Barbour, as governor, appointed Dupont to represent her congressional district on the Mississippi College Savings Plan board of directors, and, along with firm shareholder, Jimmy Heidelberg, Dupont oversees over $100 million in Community Development Block Grants received by the Jackson County Utility Authority following Hurricane Katrina. Dupont is an associate with Heidelberg, Steinberger, Colmer & Burrow, P.A., in Pascagoula where she practices in the areas of governmental law, public utilities and general defense litigation.

Hammond back at USM Jeff Hammond has a new position at the University of Southern Mississippi come Aug. 1. Hammond has returned to his alma mater as the special assistant to the president for military and veterans student affairs. The retired Army major general had served as the university's athletic director for one year. His contract, which expired June 30, was not renewed.

Smith starts new practice Jackson Eye Associates recently welcomed Dr. Taylor Smith to its ophthalmology practice. Smith performs routine eye exams as well as procedures such as cataract surgery and LASIK at the JEA Jackson location. He received his M.D. from the University of Mississippi Medical Center. He also completed a residency in preliminary internal medicine and served as chief resident in ophthalmology at the University of Smith Mississippi Medical Center.

Davis succeeds McMillin Collins, May promoted The engineering firm Michael Baker Jr. Inc. has promoted Kenneth J. Collins, P.E. and Jeffrey Douglas May, P.E. Collins is now assistant vice president, transportation design operations manager. He is responsible for design oversight for all transportation-related projects, client relationships and budget management in the firm’s Ridgeland office where he is located. May was promoted to assistant vice president and transportation operations manager. In this role, May is responsible for oversight for all transportation-re-

Gov. Phil Bryant has appointed former state Sen. Doug Davis as chairman of the State Parole Board. Davis, from Hernando, succeeded Malcolm McMillin, who retired. Davis currently serves on the Parole Board. Bryant named former U.S. Marshal Nehemiah Flowers to replace Davis.

NEWSMAKERS

8 I Mississippi Business Journal I August 9, 2013

Chappell, Stallings hired

Gurley retires from Navy

Peoples promotes, hires

Nichols comes to BKD

MISSCO Contract Sales has added two new employees. Jonathan Chappell has been hired as a sales representative for mobile furniture for the commercial and health care markets. Chappell is a graduate of the University of Southern Mississippi. He has previously worked for Sherwin-Williams, Associated Office Systems and Interior Elements Storage Division. Autumn Marie Stallings has been hired to manage interior design and space planning. Stallings is a graduate of Mississippi College with a bachelor of science in interior design. She is NCIDQ certified and has previous experience working as an interior designer for the JBHM architectural firm.

Capt. John "Van" Gurley recently retired from the U.S. Navy in a traditional Navy ceremony at Stennis Space Center after 26 years of active duty service. A native of Orlando, Fla., and Mississippi Coast resident for nearly the past decade, Gurley most recently commanded the Naval Oceanography Operations Command (NOOC) at Stennis Space Center until a change of command immediately prior to his retirement ceremony. Originally a submarine warfare officer, he served at sea in the Pacific on USS La Jolla before becoming an oceanography officer in 1992. As a Navy oceanographer, he served in a variety of seagoing and shorebased tours, including deployed operations in the Atlantic, Mediterranean, and Arabian Gulf theaters. His prior leadership tours include command of the Naval Oceanography Anti-Submarine Warfare Center at Stennis Space Center as its first commanding officer, and officer-in-charge of the Naval European Meteorology and Oceanography Detachment in Naples, Italy. Other shore assignments include executive assistant for the Oceanographer of the Navy in Washington, D.C.; and special assistant on the personal staff of Commander, U.S. Fleet Forces Command in Norfolk, Va. Gurley’s wife, Kim, who has taught kindergarten at East and South Hancock Elementary Schools since 2004, and his sons Kyle, Kevin and Nathan, will be relocating to the Washington, D.C., area where he will join Metron Scientific Solutions as a senior manager.

Peoples Bank has made some staff moves. Rene’ Jones has been promoted to assistant vice president, eBanking. Jones is graduate of Mississippi State University, where she earned her degree in banking and finance. Prior to joining Peoples Bank in 1998, she worked as a teller and customer service representative. Since joining Peoples Bank, she has worked in a variety of positions from teller to poultry lending as- Blackeney sistant and in the Information Technologies Department. Currently, she serves as security and fraud prevention officer, debit card manager and eBanking manager. She and her husband, David, have three children — Zac, Katie and Zane. Becky Howell has been promoted to assistant vice president, Howell operations. Over the course of the past 26 years, Howell has been affiliated with Peoples Bank, serving in a wide array of capacities including teller, customer service representative, bookkeeper, proof operator, loan assistant, in purchasing and as collection officer. She has completed a number of banking courses and attended nuA. Jones merous seminars during her tenure at the bank, and is a member of the Mendenhall Chamber of Commerce. She and her husband, Steve, have one daughter, Natalie. Ashley Jones, has been promoted to assistant vice president at Peoples Bank, Magee. Jones, who began working with the bank on a part-time basis in R. Jones 1995, most recently served as a business development officer in addition to her marketing duties. She is a graduate of the University of Southern Mississippi, where she earned her degree in communications. Transitioning to a full-time position in 1998, Jones began her career in new accounts as a customer service representative. Jones is active in a host of civic endeavors, including serving on the executive board of directors for Keep Simpson County Beautiful. She serves as assistant director for Magee’s Miss Hospitality Program and is a Youth Small Group Leader at First Baptist Church, Magee. She is a graduate of the Simpson County Leadership Program and a former president of the Magee Chamber of Commerce. She and her husband, Kelly, have two children — Mollie and Thomas. Jacob Blakeney has joined as a loan officer in the bank’s Magee office. A 1998 graduate of Simpson Academy, Blakeney attended Copiah-Lincoln Community College prior to attending Mississippi State University, where he earned his degree in business administration in 2003. While in college, Blakeney was a baseball player and subsequently played in the Atlanta Braves organization in the minor leagues. For the past five years, he has worked as an educator and coached baseball, with his last season at Mendenhall High School. He is a member of First United Methodist Church in Magee, where he serves on the Staff Parish Committee. Blakeney and his wife, the former Amanda Tutor, have one daughter, Annmarie.

Brandon L. Nichols has joined as a staff accountant in BKD’s Jackson office. Nichols is a graduate of Mississippi State University where he earned a bachelor’s degree in accountancy in May 2013. While attending Mississippi State, Nichols was on the President’s List and Dean’s List. He was also a member of the National Society of Collegiate Scholars and the Shackouls Honors College. Nichols joins BKD Mississippi Nichols in the tax department and will provide taxation services for a variety of individual and business clients.

Chappell

Stallings

Shorette named ombudsman C. Rob Shorette II to the position of presidential ombudsman for administrative affairs at Alcorn State University. Currently, Shorette is writing his dissertation in pursuit of a Ph.D. in higher, adult, and lifelong education at Michigan State University. In addition to his academic pursuits at Michigan State, he also worked in various roles for the university, including serving as site coordinator for the College Ambition Program and teaching an undergraduate course through the College of Education. Prior to arriving at Michigan State University in 2010, Shorette worked in student activities advising student organizations and providing leadership development opportunities for undergraduate students at George Washington University in Washington, D.C., where he also received his master of arts in higher education administration. Along with his institutional experience, he has worked with the Southern Education Foundation, the Institute for Higher Education Policy, the National Education Association and taught and coached at the high school level. Shorette received his undergraduate education at Florida A&M University where he majored in English education, was a member of the football team and was active in a number of student organizations. Shorette is a member of Alpha Phi Alpha Fraternity Inc.

Rogers elected chairman Steven G. Rogers was recently elected chairman of the board of directors of RREEF America III REIT. RREEF III is a private REIT headquartered in San Francisco, and has 66 properties in 13 major metro areas, with its largest holdings in Boston, Silicon Valley, Austin, Phoenix and Atlanta. Rogers has been active with the REIT Board since September 2012, most recently serving as chairman of its Audit Committee. He is the managing member of Rogers and Associates, a real estate advisory firm he founded in 2011. Rogers was the former, longtime CEO of Parkway Properties.

Reese elected chairman Chuck A. Reece, president of Rush Foundation Hospital and executive vice president and COO of Rush Health Systems, was recently elected chairman of the 2013-2014 Mississippi Hospital Association (MHA) Board of Governors. Reece has held numerous administrative positions within Rush Health Systems since 1972. He is a graduate of Mississippi State University and Reese the Executive MBA program at Vanderbilt University. He and his wife have two children and three grandchildren. He currently serves on the board of the East Mississippi Business Development Corporation and is an elder of First Presbyterian Church of Meridian.

AAF Jackson seats board The American Advertising Federation Jackson has installed upcoming board members for the 2013-2014. The board for the new year includes: president — Janet Walker, Communication Arts Company; president-elect — Yolanda Foster, GodwinGroup; vice president/membership — Robby Scucchi, Methodist Specialty Care Center; secretary — Anna Rogers, Woman’s Hospital; treasurer — Jonathan Pettus, Maris, West & Baker Inc. immediate past president — Megan Langley, Ergon Inc.; director — Chad Calcote, Cirlot Agency; director — Eric Hughes, Mad Genius; director — Tracy Duncan, Hinds Community College; director — Lanet McCrary, Magnolia Federal Credit Union; director — Jessica Russell, GodwinGroup; director — Robert Pettit, Clarion-Ledger; and, director — Hannah Lipking, The Ramey Agency.

Bridgeway chooses Bruno Bridgeway Apartments in Picayune has named Darryl W. Bruno, LCSW as executive director. Bruno comes to Bridgeway with more than 26 years of experience in mental health, substance abuse and other social work settings. He founded the Kids In Crisis Project Inc. in 1989, which provided educational programs, seminars and counseling services to professionals, parents and youth residing in the Orleans, Jefferson and St. Tammany parishes for more than 20 years. Bruno spent 12 years working for the St. Tammany Parish Public Schools as the crisis/mental health coordinator. Following Hurricane Katrina, he worked with Mercy Corps in creating and developing “My Hurricane Story – A Guided Workbook for Children.” Bruno served as clinical field instructor for many graduate social work interns for more than 17 years at TulaneSchool of Social Work, LSU-School of Social Work, SUNO-School of Social Work as well as several undergraduate schools in the greater New Orleans area. Recently, Bruno was added as a clinical field instructor for University of Southern Mississippi – School of Social Work. Bruno’s professional affiliations include serving as regional chair for both the Greater New Orleans and Florida Parish Regions for more than nine years before being elected as President for the Louisiana National Association of Social Work from 2007-2010. He was appointed as an advisory board member to the Governor’s Juvenile Justice Advisory Board/Louisiana Juvenile Justice Planning and Coordination Board which helped create the bill that later became Juvenile Justice Reform Act of 2003, Act 1225. He served on a local level as the president of the 22nd Judicial District’s Children and Youth Services Planning Board (Student Non-Discrimination Act of 2011, Act 555) for St. Tammany and Washington Parishes. Bruno maintains a small private practice and presents numerous trainings throughout the State of Louisiana on trauma, bullying, suicide, and other mental health/substance abuse-related topics. Recently, Bruno obtained his LCSW from the Mississippi Board of Examiners for Social Workers. Bruno was born and raised in the Lakeview area of New Orleans. He currently resides in St. Tammany Parish and is married to Blake Bruno with three children.

For announcements in Newsmakers; Contact: Wally Northway (601) 364-1016 • wally.northway@msbusiness.com

A member of the Mississippi Press Association and the Alliance of Area Business Publications www.mspress.org www.bizpubs.org

200 North Congress, Suite 400 Jackson, MS 39201-1902 Main: (601) 364-1000; Toll Free: 1-800-283-4625 Faxes: Advertising (601) 364-1007; Circulation (601) 364-1035 E-mails: mbj@msbusiness.com, ads@msbusiness.com, photos@msbusiness.com, research@msbusiness.com, events@msbusiness.com

MBJPERSPECTIVE August 9, 2013 • www.msbusiness.com • Page 9

» RICKY NOBILE » MIND OVER MONEY

Website: www.msbusiness.com August 9, 2013 Volume 35, Number 32

Keesler helps Coast soar to new heights

ALAN TURNER Publisher alan.turner@msbusiness.com • 364-1021 ROSS REILY Editor ross.reily@msbusiness.com • 364-1018

WALLY NORTHWAY Senior Writer wally.northway@msbusiness.com • 364-1016 FRANK BROWN Staff Writer/Special Projects frank.brown@msbusiness.com • 364-1022 TED CARTER Staff Writer ted.carter@msbusiness.com • 364-1017 CLAY CHANDLER Staff Writer clay.chandler@msbusiness.com • 364-1015 STEPHEN MCDILL Staff Writer stephen.mcdill@msbusiness.com • 364-1041 TAMI JONES Advertising Director tami.jones@msbusiness.com • 364-1011 MELISSA KILLINGSWORTH Sr. Account Executive

melissa.harrison@msbusiness.com • 364-1030 ASHLEY VARNES Account Executive ashley.varnes@msbusiness.com • 364-1013 VIRGINIA HODGES Account Executive virginia.hodges@msbusiness.com • 364-1012 TACY RAYBURN Production Manager tacy.rayburn@msbusiness.com • 364-1019 CHARINA RHODES Circulation Manager charina.rhodes@msbusiness.com • 364-1045 MARCIA THOMPSON-KELLY Business Assistant marcia.kelly@msbusiness.com • 364-1044 SUBSCRIPTION SERVICES (601) 364-1000 subscriptions@msbusiness.com Mississippi Business Journal (USPS 000-222) is published weekly with one annual issue by MSBJ 200 N. Congress St., Suite 400, Jackson, MS 39201. Periodicals postage paid at Jackson, MS. Subscription rates: 1 year $109; 2 years $168; and 3 years $214. To place orders, temporarily stop service, change your address or inquire about billing: Phone: (601) 364-1000, Fax: (601) 364-1035, Email: charina.rhodes@msbusiness.com, Mail: MS Business Journal Subscription Services, 200 N.Congress Street, Suite 400, Jackson, MS 39201 POSTMASTER: Send address changes to Mississippi Business Journal, Circulation Manager, 200 North Congress Street, Suite 400, Jackson, MS 39201 To submit subscription payments: Mail: MS Business Journal Subscriptions Services, 200 North Congress Street, Suite 400, Jackson, MS 39201. No material in this publication may be reproduced in any form without the written consent. Editorial and advertising material contained in this publication is derived from sources considered to be reliable, but the publication cannot guarantee their accuracy. Nothing contained herein should be construed as a solicitation for the sale or purchase of any securities. It is the policy of this newspaper to employ people on the basis of their qualifications and with assurance of equal opportunity and treatment regardless of race, color, creed, sex, age, sexual orientation, religion, national origin or handicap. The Mississippi Business Journal, is an affiliate of Journal Publishing Company (JPC), Inc.: Clay Foster, president and chief executive officer. Entire contents copyrighted © 2013 by Journal Inc. All rights reserved.

»VIEW FROM THE STENNIS INSTITUTE

Mississippi Municipalities: Keeping hope alive

erhaps my favorite gatherings over the course of my professional year are those that involve the Mississippi Municipal League. This organization, commonly referred to as the “MML,” recently held its annual conference. Old acquaintances and a large influx of newly elected officials from Mississippi’s cities and towns only served to renew my respect for this group. I never cease to be fascinated by the unbridled enthusiasm that drives these mayors, aldermen, councilmen, city managers, city clerks and many others. The reality is if viewed from a distance and based purely on statistical trends a goodly number of Mississippi’s small towns should have been out of business sometime ago. Hardly a week goes by that we are not confronted with yet another report highlighting the decline in rural areas, and now even the once muscular suburbs have joined the group hearing the warning bell. Mississippi has 297 municipalities. All but a scant handful have less than 10,000 residents. The vast majority have less than 5,000. It is virtually impossible not to admire those who have offered themselves for leadership roles in these towns, once referred to by an observer as “Tiny Fountainheads of Democracy.” A few hours sitting in the shade on a sultry August day induces memories of small town

Mississippi in days gone by when the pace of life was a little slower. There once was a time Marty Wiseman when many of these towns were for the most part self contained. Every town produced things that other towns needed. We were the market places for each other. Those of you who have been around a while can remember when banks were locally owned and controlled and often carried the name of the town or county that they served. Hardware and clothing stores proudly advertised their multiple decades of existence and carried the name of the family that founded them and that passed the establishment on from generation to generation. Farmers from the surrounding countryside came to these local commercial centers to buy raw materials, and then later returned to market the products of their labors. For example, one can recall the time when dairy farms were everywhere and Mississippi-owned and operated dairy manufacturing facilities seemed nearly as numerous. One could easily lose count of the milk, cheese and ice cream producers that dotted the state. The same could be said for establishments like cotton gins and wood yards. Highways were not the See WISEMAN, Page 27

y sister is nine years older than me. I remember opening the door many nights to a young military guy looking for a companion for the evening. Keesler Air Force Base was just a few miles from our house. Youth blurred the lines between civilian and military. We grew up in the shadow of Keesler, knowing there was a different flavor on the Coast because of this military installation. From young recruits to military families to the retirees who ended up putting down roots when their servNancy Anderson ice was complete, Keesler meant a steady flow of jobs and money to an area whose only other industry was tourism. With World War II in full swing, the folks in Biloxi saw their chance. They lobbied for an army base within the city to help in the war effort. In 1941, Keesler was born as a U.S. Army facility. Before long, the sleepy little Coast town was booming. When the Air Force became a separate branch of the military in 1947, “AFB” was added to the name. Keesler served as a training ground for a wide array of people. Internationals began showing up. Women trained there, beginning in 1943. The Tuskegee Airmen trained at Keesler. This diversity in the population left its stamp on the area. I remember Iranian young men on base and in town during the 70s. Even when the recruits looked like the local population, they were still different. They came from almost every state in the union, and they brought new ideas, new fashions, and new foods to the area. Through the years, the permanent population grew as former soldiers and their families settled in the area upon retirement. As a result, Yankee accents could be heard in the dollar store. Cajun names like Gautreaux and Bourgeois were heard alongside names like Kiwolski and Goldstein. Biloxi’s forefathers were wise to pursue this economic activity. Despite sequestration, the Coast has benefitted from the activity on and around the base. Today, more than 5,000 active duty folks are stationed there. Contractors and civil service add about 3000 to that number, and 13,000 retirees live in the area. But more than that, Keesler changed the Coast and its inhabitants. I like to think it made us more tolerant of new ideas and new people. Almost everyone was a transplant, so we learned to embrace those differences. When I moved to Jackson as a young bride, someone asked me, “Who are your people?” I didn’t understand the question. By the way, my sister married one of those Keesler Yankees. And my parents didn’t disown her!

Nancy Lottridge Anderson, Ph.D., CFA, is president of New Perspectives Inc. in Ridgeland — (601) 991-3158. She is also an assistant professor of finance at Mississippi College. Her e-mail address is nanderson@newper.com, and her website is www.newper.com.

10 I Mississippi Business Journal I August 9, 2013 HEALTH CARE

The tip of the spear » Mississippi is racing and researching for Alzheimer’s cure By STEPHEN McDILL I STAFF WRITER stephen.mcdill@msbusiness.com

Purple is the new pink. The expression is a catchy way of summing up the goals of the Mississippi Alzheimer’s Association: to raise awareness and funding in the battle against Alzheimer’s disease. Just like with breast cancer, there are hundreds of Mississippians helping with races and research to one day find a cure for Alzheimer's, a brain-ravaging illness that affects more than five million Americans. “In Mississippi, there's an estimated 53,000 that have it,” says Alzheimer’s Association state director Patty Dunn. “Unfortunately, diagnosing is more of a process of elimination.” Named for the German scientist who first reported it in 1906, Alzheimer’s has been described as a progressive, degenerative disorder that attacks the brain's nerve cells, resulting in loss of memory, thinking and language skills, and behavioral changes. While there has been much research into the causes and effects of the disease, to date there is no cure. A cure is what Dunn and her purple Tshirt wearing volunteers and members will be walking for at the annual “Walk to End Alzheimer’s” on Sept. 14 at the Mississippi Museum of Art in Jackson. The race had more than 600 participants last year and their goal this year is to raise $100,000. “We think its a testament to the awareness of Alzheimer’s that’s fueling the growth in the amount of people,” Dunn says. “A portion of every dollar we raise goes to fund the national Alzheimer’s research programs.” Detecting Alzheimer’s in its early stages can help the patient and their family prepare for treatment options and lifestyle changes. The Fisher Center for Alzheimer’s Research says that after a medical history and physical examination, doctors can test a patient using problem-solving and visionmotor exercises. Brain scans are also ordered to rule out blood clots or tumors. Dr. Ronald Schwartz, a licensed neurologist with the Hattiesburg Clinic, has managed ongoing clinical trials for new therapies and medicines related to Alzheimer’s detection and treatment. Amyvid is the brand name of one the clinic’s tests and uses positron emission tomography (PET) scanning along with an FDA-approved radioactive tracer to check the amyloid plaque levels in a patient's brain, the primary link to Alzheimer’s disease. “Basically its a sticky protein that your brain can’t clear out," Schwartz says. "Once

these plaques are stuck in your brain... a whole cascade of things start happening the result of which is that nerve cells start to die.” The scans are factored in with the patient’s symptoms, giving Schwartz a better shot at assessing whether or not the patient has Alzheimer’s. The lower the plaque levels, the bet- Schwartz ter the odds that the symptoms aren't related to the disease but to aging or something else. “If its negative and you don’t have any amyloid, then you don’t have Alzheimer’s.” Schwartz says. “If its positive then there’s a very high likelihood that you do have Alzheimer’s.” While Medicare and other insurance companies have not agreed how to cover the procedure, Schwartz says patients can still come in and order the test. One test recently came back negative for an 86-year-old patient experiencing memory loss. “You’re not going to accumulate more amyloid at this point," Schwartz says. "Alternatively, I could have a 62-year-old... and they’re a little forgetful. Their scan’s positive so that person I have to be more cautious.” Researching a disease that can take years to manifest itself before even running its course isn't easy. “The more we know about risk factors, the better we can target treatment,” says Dr. Tom Mosley, director of the Memory Impairment and Neurodegenerative Dementia Research (MIND) Center at the University of Mississippi Medical Center in Jackson. The MIND Center is in its third year of a landmark neuroepidemiology partnership study with Johns Hopkins University, the Mayo Clinic and others that will survey risk factors in thousands of middle to late-age adults. The study dovetails with the Center’s other research on brain aging and genetics. “We’ll be able to go back 25 years to midlife, when we think, in fact, a lot of the early pathology of dementia probably starts,” Mosley says. “We can go back... and look at things like cholesterol and blood pressure and smoking and all these things and see which ones end up predicting dementia when you’re 75, 80 and 85.” Mosley says that one thing the study will investigate is possible connections between obesity and Alzheimer’s. Evidence in some studies suggest that obesity is a future predictor of the disease.

Special to the MBJ

North MS

Above: Dr. Thomas Mosley Right: Map of various cities statewide where “Walk to End Alzheimer’s” will be happening in 2013. Visit www.alz.org/ms or call 601-987-0020 for information, programs and services.

November 2

Tupelo September 28

Greenwood

“Its certainly not the only one,” Mosley says. “We looked at a gene that’s related to obesity and we looked at people’s memory function over time and we found in fact that the people that had a certain version of that gene... had a greater decline in cognitive function.” There are more than 202,000 unpaid Alzheimer’s caregivers in the state, according to Dunn, and the disease is especially hard on family members. “The long goodbye,” was how it was described by the family of former President Ronald Reagan, who lived with the disease until his death in 2004. Dunn says she recently attended an international Alzheimer’s conference in Boston along with 4,800 scientists and physicians from as far away as Australia and Japan. The latest discoveries and research were presented including work being done in Mississippi. “Its encouraging,” Dunn says. "It provides some hope. We know we have an exceptionally long way to go with regard to research and funding.”

September 28

Golden Triangle October 13

Jackson September 14

Meridian November 2

Hattiesburg October 12

Gulf Coast November 16

“I think the pipeline is exploding,” Schwartz says. “I try to be optimistic everyday. There’s a lot of excitement in terms of how close we’re getting. In the next five years I think we’re going to have some breakthroughs that are going to treat this disease completely differently than how we’re treating it now.”

August 9, 2013

Mississippi Business Journal

INSURANCE

Rates to soar on state health care exchange » Mississippi green lights $3,075 deductible, base monthly rate of $300 that can grow to $900 By TED CARTER I STAFF WRITER ted.carter@msbusiness.com

Plan to shop for insurance on Mississippi’s new health insurance exchange come Oct. 1? Then brace for sticker shock. Regardless of age, shoppers on the state’s “Federally Facilitated Marketplace” will find health insurance premiums at least 100 percent above rates to which they have become accustomed, Insurance Commissioner Mike Chaney said. “The base rate is going to be a little more than $300, depending on where you live,” he said, and insisted the rates he approved for insurance marketplace carriers Humana Health Insurance Co. and Chaney Magnolia Health Plan were fair and in line with the higher rates that will accompany the new coverage mandates under the Affordable Care Act. “If I thought the rates were excessive, I would not have approved them,” Chaney said. “In today’s market (post implementation of the market exchange) they are pretty competitive.” The approvals, which must still get a nod from the Department of Health and Human Services, set a monthly premium base rate of $312 for Magnolia Health Plan and $302 for Humana. The base rate reflects a three-to-one ratio that applies to what a 30-year-old non-smoker can buy coverage for on the individual market today. More simply, insurers on the exchange can set premiums three times above current individual market rates. That’s how, Chaney said, Magnolia and Humana set monthly rates for a 64-year-old nonsmoker at about $900. Figures cited by Chaney are for the Affordable Care Act’s “Silver Plan,” an offering that includes all of the coverage requirements of the Act. The Silver Plan carries an average annual deductible of $3,075 across all age categories, according to Chaney. The Affordable Care Act mandates that all Americans be covered after Jan. 1, though it provides subsidies for low-and-moderate income individuals. “It doesn’t matter if you qualify for a subsidy or not, that’s the base rate,” he said of Humana’s $302 and Magnolia Health’s $312.” Younger adults, for instance those 27 to 30 who are nonsmokers, would be below the base rate, at $289. The same 27-to-30-year-old Mississippian can buy the identical coverage on the open market today for $120, Chaney said, expressing worries that the “30 to 50 year olds” aren’t going to pay the higher exchange premiums and will instead choose to pay an annual federal penalty that in the first year of Obamacare will be about $95 but will rise annually thereafter.

The absence of young, healthy ratepayers “might make it [the Affordable Care Act] a nightmare,” Chaney conceded. As envisioned going into 2014, an older person, say, a 64 year-old non-smoker, would pay $900 a month for health insurance under the approved rate, Chaney said. A 62-year-old non-smoker’s rate would be $794, he added. Beyond the subsidy, buyers on the exchange will receive tax credits for their premiums and some tax benefits from money spent toward meeting the $3,075 deductible. The 62-year-old single male would get a $6159 tax credit “and under no circumstance would he have to pay more than 9.5 percent of his income on health care,” said Jarvis Dortch, a lawyer and program director for the Mississippi Health Advocacy Program, a non-profit and non-partisan organization based in Jackson. “What Mississippians actually pay will depend on their household income which will determine the tax credit they receive,” Dortch said. The same 62-year-old, if earning no more than $30,000 a year, would be eligible for a federal subsidy of around 50 percent, lowering the individual cost to about $400 a month. In devising the Federal Facilitated Marketplace, framers of the Affordable Care Act expected insurance providers would flock to the exchanges, where competition would drive down premiums. That has occurred somewhat in populous states like New York, California and Florida. Mississippi, however, struggled to gain any interest at all from carriers. Until Humana stepped up in late July to agree to offer marketplace policies in 36 counties that had no carriers, the state faced a coverage crisis, according to Chaney. “We would have probably ended up with hospital closings if we hadn’t been able to pull this off,” the commissioner said. The U.S. Centers for Medicare and Medicaid Services, an arm of HHS, had to bend the deadline to let Humana apply, according to Chaney. Areas that will gain coverage because of Humana's participation include swaths of the Delta and southwest Mississippi, plus scattered areas elsewhere. Among those areas are Corinth, Greenville, Laurel, Natchez and Picayune. The Center for Mississippi Health Policy estimated that 54,000 uninsured adults could be eligible to buy policies through the exchange in the counties in question, The Associated Press reported. As days passed without an insurer for the 36 counties, Chaney worried that Magnolia Health, which administers a 77,000-member Medicaid network in counties throughout the state, would get discouraged by the lack of interest in the more-than-three-dozen counties and pull out. “They were antsy about what was going on,” Chaney said of the St. Louis headquarters of Magnolia’s parent company, Centene Corp. Mississippi’s Department of Insurance “heavily facilitated” the talks between Humana and providers in the 36 counties, “because we know what it means to the state,” Chaney said.

Chaney called it “the right thing to do,” despite efforts by Gov. Phil Bryant and Republicans legislative leaders to block implementation of the Affordable Care Act in Mississippi. Upon final approval from HHS in mid September, Magnolia will offer policies in 46 counties and Humana in 36 counties. The only competition between the two will occur in Hinds, Rankin, Madison and DeSoto counties. Dr. Jason Dees, a New Albany physician who joined Magnolia Health upon the insurer’s 2011 entry into the state, said in a recent interview Magnolia has been busy contracting with health care providers “and getting ready from a marketing standpoint.” The company has built off the network of Medicaid providers it already has, Dees said. Conceding the challenge of insuring patents in a state with one of the worst ratios of health care providers to population size, Dees said effective “team-based care” with significant participation by nurse practitioners and physician assistants “is really going to be important.” As with its tens of thousands of Medicaid clients, Magnolia will emphasize primary care and prevention. “We’ll look for much improved health outcomes with lower costs,” he said. “Since we have been here since 2011, we do understand the population to a degree,” Dees added. Mitch Lubitz, spokesman for the Louisville, Ky-based Humana, said that in addition to Mississippi, the insurer so far has agreed to provide coverage in Florida, Georgia, Kentucky, Alabama, Illinois and Texas. Taking on the 40 counties, Humana said in a press statement, “builds on Humana’s current presence in the state of Mississippi, where Humana already covers well over 200,000 Mississippians, including individuals, employer groups, military retirees and their families, as well as Medicare beneficiaries.” Chaney expects the insurance exchange to gain more providers in the next few years. So does Dees, the Magnolia Health CEO. “We full anticipate… there may be more in 2015,” he said. Gary Claxton, a vice president of the Kaiser Family Foundation who leads a project studying the health insurance market, said Mississippi’s high poverty and Blue Cross’ dominance of the state’s market make it unsurprising that a flood of new entries did not occur. Any new insurer would have to try to sign up a network of doctors and hospitals, and could have a hard time negotiating favorable payment rates because it would have few customers at the beginning, he said in an Associated Press interview. "The thing that makes it difficult is getting a network together, because you don't have market share," Claxton said. Availability could improve in 2015 or 2016. By then, for example, multi-state plans may be offered in Mississippi. Claxton said the national Blue Cross and Blue Shield Association, UnitedHealth and Humana are all expected to offer national plans.

August 9, 2013 • MISSISSIPPI BUSINESS JOURNAL • www.msbusiness.com

AN MBJ FOCUS:

BANKING & FINANCE

» Know the differences between banks and credit unions before moving your money By LISA MONTI I CONTRIBUTOR I mbj@msbusiness.com

REDIT UNIONS and banks are, of course, two different types of financial institutions but they do offer some similar services such as deposits, checking accounts and loans. It’s become a common practice for customers to take their money out of one place and move it to another, usually looking for a better deal or better service. See

DECISIONS, Page 17

REGIONS SMALL BUSINESS Name:

Company: y

WE SHARE YOUR VISION – IT’S HOW REGIONS KEEPS THE WHEELS OF PROGRESS TURNING FOR SMALL BUSINESS. “Maritime Chartering Inc. is a business based on dreams,” says Captain Steve Wilson. Those dreams were to be closer to his family after more than 20 years of captaining ocean-going tugs and government research ships far from home. In 1994, Captain Wilson purchased a 65-foot wooden vessel, named it “The Southern Star” and created the ﬁrst dolphin cruise in Destin. Other successful ships followed. “We always look for ways to increase the value and experience for our customers,” he says.

“Regions has an amazing team. They have the resources we need and they have their hand on the pulse of our community.” Recently, with help from a Small Business Administration loan from Regions, Maritime Chartering Inc. built “The Buccaneer,” a 100-foot kid-friendly pirate cruise ship. “With the help we got from Regions, we’ve been able to host more than 17,000 guests on this piratethemed family cruise in the ﬁrst year,” says Captain Wilson. To learn more about Maritime Chartering Inc., and how Regions can assist your business, visit regions.com/success.

BANKING & FINANCE

14 I Mississippi Business Journal I August 9, 2013 PROFILE

Hitting the ground running » Campbell Helveston is Trustmark’s new Meridian community president By LYNN LOFTON I CONTRIBUTOR mbj@msbusiness.com

AMPBELL HELVESTON knew his first job out of college — selling copiers door to door in Meridian — would not be a longterm career. However, he persevered and being a conscientious young man was recruited at age 24 to go into lending for a Meridian bank. “I’ve always tried to be active in the community and be visible,” he said. “Maybe that’s why they recruited me.” Now, just 10 years later, at the age of 34, he has assumed the position of community bank president for the Meridian market of Trustmark National Bank. This promotion comes after stints with three other banks and three years with Trustmark. He actually left Trustmark in 2008 but quickly accepted a recent offer to return and fill the spot of his former mentor, Billy Estes, who retired. “I accepted the offer on the spot because I knew there was potential and a good presence for Trustmark in this area,” Helveston said of the move. “What I most enjoy about banking are the relationships with customers. I get to know the intricacies of their businesses, their marketing plans and how they work. I see that all businesses work differently to achieve goals.”

“What I most enjoy about banking are the relationships with customers. I get to know the intricacies of their businesses, their marketing plans and how they work. I see that all businesses work differently to achieve goals.” Campbell Helveston Trustmark’s Meridian community bank president

This young banker says he’s fortunate to have great co-workers, inheriting a good situation in Meridian with strong banking leaders. “The personal challenge for me is managing my time,” he said. “I can quickly get pulled in several different directions, but I’m a big believer in having a to-do list. “I keep a pad and pen on my desk at all times so I can focus and prioritize which fires are the hottest.” Helveston believes the banking challenges of recent years are changing in positive ways with an upturn in the mar-

ket. Looking ahead. “Community bankers will always be looked at to help with problems big and small,” he said. “The overall concept will remain the same.” Familiar with the Meridian market, he says he hit the ground running as community president. “I feel blessed to have been afforded this opportunity at such an early age,” he said, “and look forward to being in this job. I’m excited!” Born in West Point, Helveston is the son of Jim and LaDonna Helveston and the older of two boys.

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He graduated from Ole Miss in 2002 with a journalism degree and emphasis in public relations and English minor. “I think my ability to communicate verbally and with the written word helps in my role with the bank,” he said. “It’s hard to imagine not being in banking, but if I weren’t, I would do something in sales where I’d be dealing with people.” At 20 years of age he had a memorable experience serving as a hunting guide in Argentina. “It was a great learning experience, and I had a big time,” he recalls. “I didn’t speak any Spanish but took a leap of faith. Fortunately, there were plenty of people who spoke English.” The highlight of the Argentine job was acting as hunting guide for his dad and a long-time hunting companion. “That was the best part,” Helveston said. “They’d been taking me hunting since I was six years old and then I got to do it for them.” These days he doesn’t get to hunt much but makes the effort to go with his dad at least twice a year. Duties and spending time with wife Suzanne and daughters Patton, 5, and Collins, 2, keep Helveston busy. “I do make time to run and I try to play golf with emphasis on try,” he said. He’s also involved in community activities, including serving as vice president of the Meridian Little Theater — strictly behind the scenes, he’s quick to point out — board member of the United Way, past board member and president of the local Ole Miss Alumni Association, and member of the Navy League, which supports the Meridian Naval Base.

BANKING & FINANCE

August 9, 2013

Mississippi Business Journal

FEDERAL RESERVE

A BIG WIN FOR RETAILERS » Swipe-fee ruling means merchants could pay less for debit card transactions By TED CARTER I STAFF WRITER ted.carter@msbusiness.com

The Federal Reserve’s Board of Governors erred in letting swipe fees that banks charge retailers for each debit card transaction go as high as 21 cents a transaction, a federal court recently ruled. The ruling by the U.S. District Court in Washington drew the predicable applause from groups such as the National Retail Federation and scorn from the likes of the American Bankers Association, or ABA, and the Credit Union National Association. “We’re deeply disappointed in today’s court decision, which will harm banks of all sizes and make it more difficult for institutions to serve their customers,” said Frank Keating, ABA president and CEO. Keating urged the Federal Reserve “to pursue all legal means to mitigate the harm this decision will cause to consumers, community banks and all institutions that provide financial services to local communities.” Keating insisted the ruling only serves to further line the pockets of the nation’s bigbox retailers at their customers’ expense. “It was — and still is — all about trying to help retailers increase profit margins while providing no real benefit to consumers,” he said in a press statement. “All this as retailers continue to enjoy the benefits of debit cards – from faster checkout to lower fraud costs – without paying for it or keeping their promises to U.S. consumers.” Credit Union National Association general counsel Eric Richard said the decision could eliminate the ability of small debit card issuers, particularly credit unions, to offer payments service to their members and customers. "The decision, no doubt, will challenge credit unions to continue their debit card programs without incurring drastic cuts in revenue, or imposing additional fees on their members — the last thing that credit unions want to do,” Richard said. With merchants, restaurateurs and other retailers now poised to keep a larger portion of each dollar in business, an elated National Retail Federation called the ruling a belated act of justice and a correction of a federal action that went beyond anything Congress had contemplated when it enacted the swipe fee changes in the “Durbin Amendment” portion of the Dodd-Frank Wall Street Financial Reform Act of 2010. “Today’s decision is the first step in setting these initial wrongs right and will ensure that swipe fee reform is done

"The decision, no doubt, will challenge credit unions to continue their debit card programs without incurring drastic cuts in revenue, or imposing additional fees on their members — the last thing that credit unions want to do.” Eric Richard General counsel, Credit Union National Association

correctly,” the representative of 3.6 million U.S. retail establishments said in a news release. As part of financial reform after the 2008 banking collapse, Congress insisted that the average 40 cents interchange charge, or swipe fee, on each debit card purchase be substantially lowered. The Federal Reserve Board of Governors initially considered adopting a staff proposal to lower the fee to 12 cents a transaction but issued a final rule that specified a 21cent cap. The cap went into effect on Oct. 1, 2011. It’s that higher cap that the federal court found fault with, calling it “arbitrary and capricious.” Judge Richard Leon also suggested in the ruling that the Federal Reserve should consider the earlier staff proposals to lower the fee to 12 cents. Leon said he would give the

Fed a few more months to respond, thus leaving the 21-cent cap in place for now, CNN Money reported. The National Retail Federation filed the lawsuit against the Fed back in November 2011. The cap applies only to debit card-issuing banks that have $10 billion or more in assets. But banking consultants have predicted all along that those caps would become the norm because merchants would decline cards for which higher fees were in place. For Mississippi merchants such as Indianola convenience store chain owner Walton Gresham, paying lower debit card fees on each transaction would lighten the load on the cost side of their ledgers. “This is the third-largest expense behind labor and utilities for business and we have no control over the cost,” the owner of 45

or so Double Quick stores in Mississippi said in a 2011 interview. Gresham said the extra money would enable him to expand his businesses and hire more workers. On the other hand, banks in Mississippi have been counting on the fees to offset losses in interest-related revenue. In 2011, Trustmark CEO Jerry Host said the Jackson-based regional bank would have lost between $4 million and $6 million in the last six months of 2011 had the 12-cent cap proposed by the Fed staff been in place. Over a full year, the lost revenue from a 12-cent cap could cost Trustmark up to $9 million in fees, Host predicted. Sterne Agee analyst Peyton Green predicted in a “worst case” scenario that lowering the cap rates as ordered by the federal court would clip earnings per share by 3 percent to 5 percent for the top 50 banks. Before the cap went into effect in late 2011, total interchange revenue, which included debit and credit card activity, represented 3.9 percent of revenue in the first nine months of 201 for the top 50 banks. In the first quarter of this year, interchange revenue represented 3.1 percent of total revenue. The bottom 25 of the 50 biggest banks tend to have more debit card interchange and thus will feel more impact from the lower cap, analyst Green said.

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16 I MBJ I August 9, 2013

FOCUS

FINANCIAL PLANNING

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Regions putting brokerage emphasis on branch-based investment services By TED CARTER I STAFF WRITER ted.carter@msbusiness.com

In slightly more than six months, Regions Bank has hired over 100 financial advisors in a strategy the Birmingham bank company and Mississippi market leader says will personalize investment brokerage services at its 1,200 branches branches throughout its 16-state market. The goal is to have 125 financial advisors on board by yearâ&#x20AC;&#x2122;s end and strengthen the advisory force to up to 170 by the close of 2014, said Jim Nonnengard, head of Regions Investment Services, one of four divisions that make Regionâ&#x20AC;&#x2122;s Wealth Management Group. Nonnengard, in an interview with bankinvestmentconsultant.com, said the rapid roll out of the branch-based investment services strategy has been helped along by Regionâ&#x20AC;&#x2122;s partnership with Cetera Financial Institutions (formerly PrimeVest Financial Services), a self-clearing, registered broker-dealer an RIA firm that provides customized investment and insurance services to 500 financial institutions. Regionsâ&#x20AC;&#x2122; arrangement with the $24-billion Cetera provides the bankâ&#x20AC;&#x2122;s customers with a range of financial advisory services that include managed accounts, mutual funds, annuities, insurance, financial and retirement planning tools., Regionâ&#x20AC;&#x2122;s former investment services arm, Morgan Keegan, a brokerage Regions sold off in 2011, had its advisors working mostly in locations separate from Regions. Morgan Keegan, which ran afoul of securities laws in Mississippi and elsewhere in the South before Regions severed its relationship with the Memphis-based brokerage, served high net-work individuals. The branch-based approach targets all income levels, though marketing of the services will be geared to â&#x20AC;&#x153;mass affluentâ&#x20AC;? customers, a demographic that takes in investors who have deposits with Regions of between $100,000 and $500,000, said Andy Ripley, a regional sales director who directs financial services operations in Mississippi and several other states from

his Mobile headquarters. Ripley said every branch in Mississippi and in Regionsâ&#x20AC;&#x2122; other markets will be linked to a financial advisors. So far, the Mississippi market has seven or so licensed advisers and more will be hired in the weeks ahead, Ripley said. â&#x20AC;&#x153;We should double the number we have now from seven to 14 and possibly 20 to make sure we have the coverage we need in the branches.â&#x20AC;? Bankinvestmentconsultant.com reported that recruitment of advisers by the $121 billion Regions has been helped by the generous size of the territories and, thus, wide deposit bases the advisers will be working with. The Mississippi advisors and ones staffing branches in other states wonâ&#x20AC;&#x2122;t be isolated in a corner office. The idea is to integrate them into Regionsâ&#x20AC;&#x2122; consumer banking operations; for instance, directing investors who need business loans, mortgages or other services to the right person, Ripley said. To that end, staffers from the consumer services side of bank operations have been involved in interviewing candidates for investment advisory positions, he said. â&#x20AC;&#x153;We want to make sure they can work with usâ&#x20AC;Ś and pass customers on to other experts in the bank to meet their other needs.â&#x20AC;? That integration with the retail banking operation has been a recruitment draw, Nonnengard, the Regions Investment Services chief, said in the bankinvestment,com interview. â&#x20AC;&#x153;What tipped the scale for them [advisors] is the integration and partnership we have with the consumer bank,â&#x20AC;? Nonnengard told the banking website. â&#x20AC;&#x153;The consumer banker looks at the financial advisor as someone who can help retain customers and someone who can help them grow the customer base and cross-sell within Regions.â&#x20AC;? Addressing analysts for Regionsâ&#x20AC;&#x2122; second quarter earnings report, chairman and CEO Grayson Hall said the 100 or so financial consultants already in the branches have accounted for about twice the amount of business initially forecast.

BANKING & FINANCE DECISIONS

Continued from Page 12

As with any choice you make involving your money, you need to do your homework and study the options of both institutions before you decide where to put your money. The Mississippi Department of Banking and Consumer Finance examines and regulates all state chartered commercial banks and state chartered credit unions, among other institutions. Commissioner Jerry Wilson advises consumers to shop around carefully before picking a bank or credit union. “There are many different types of accounts so they should look around and decide which account best fits their budget,” he said. Most state chartered credit unions in Mississippi are small because they cater to a particular group of people that make up their membership. The larger credit unions are generally federally chartered and offer services similar to the ones offered by banks. Here’s a look at some of the similarities and differences between a credit union and a bank: » Both banks and credit unions take deposits and offer loans. It’s generally accepted that credit unions have lower fees and loan rates than banks and interest rates on savings accounts can be higher. » Credit unions can also offer incentives such as free accounts and don’t have to rely on fees that banks apply to various services. » Credit unions are member owned, notfor-profits. The average cost of buying a share is $5 to $10. If you’re a member of a credit union you have an equal voice in its operation, no matter how much is in your accounts. Banks pay shareholder dividends based on the number of shares owned. Credit unions, though exempt from federal tax, can still make money but profits are shared with their members. » Because credit unions operate as a non profit they do lack some bells and whistles found at commercial banks that have deeper pockets. A common complaint about credit unions is not having more ATMs for customers’ convenience. However, some of the larger credit unions are keeping up with technology by offering new services such as check deposits via smartphones. » According to the National Credit Union Administration’s consumer website mycreditunion.gov, credit union membership is open to everyone. The NCUA regulates federally insured credit unions. There are four major entry points to join a credit union. One is through your employer and another is through a relative who already belongs to a credit union. Your membership in a church, school, labor union or other types of organizations may also make you eligible for membership. And just by living, working or going to church in a city or community allows you to

join some credit unions. The rules of joining a credit union don’t seem excessive but some potential customers find the hassle of membership requirements reason enough to keep them doing business with commercial banks.

August 9, 2013

Mississippi Business Journal

“There are many different types of accounts so they should look around and decide which account best fits their budget.” Jerry Wilson Bank commissioner

A F T E R

1 2 5

Y E A R S,

Still Moving Forward With growth comes change. At BankFirst we’re pleased to announce Columbus as our new home for the bank’s corporate headquarters, with our extensive operations center remaining in Macon. We also welcome veteran Mississippi bankers Marcus Mallory and Jim McAlexander to the executive team. BankFirst today is as committed to serving our hometowns and neighborhoods as our founders were 125 years ago. Every change we make is to provide the best possible service and technology to our customers while remaining an independent community bank.

“To our many customers, thanks for your loyal support. You deserve every advantage modern banking can provide, and we continue to deliver that every day. A strong bank, built on a deep-rooted, solid foundation, means a strong Mississippi. We are committed to serving you and investing in the communities where we live.” MOAK GRIFFIN President & CEO

President/CPieN Credit 7NÅcer; Marcus Mallory, Executive Vice President/Commercial Banking; Mary Ann Gray, Chief 7Xerating 7fÅcer/Chief .inancial 7fÅcer; Jim McAlexander, Executive Vice President/Retail Banking and Branch Administration; MoaS GriNÅn, President and Chief Executive 7fÅcer; Gray Flora, Executive Vice President/Chief 1nvestment 7fÅcer

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BANKING & FINANCE

18 I Mississippi Business Journal I August 9, 2013 ADVICE

What lessons can be learned from Detroit? » Make sure you make the right financial decisions if your pension plan is cut 20-30%

N JULY 18, DETROIT became the largest American city to file for Chapter 9 bankruptcy. A city once having a population of some 1.8 million has whittled down to less than 700,000.

What will happen to the pensions of its 20,000-plus retired public employees? There is for sure the distinct possibility they could be reduced substantially or even eliminated. In the wake of Detroit’s fiscal problems, current and future pen-

sion recipients across the country are sure to be wondering about the stability and amount of their promised incomes. In Michigan, the fate of the pension checks for these employees may be determined in the courts.

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While a federal judge is overseeing Detroit’s bankruptcy proceedings, Michigan’s state constitution states that pension benefits can’t be altered. On July 24, the aforementioned Ike S. Trotter federal judge froze assorted state-court lawsuits brought against the city arguing that the bankruptcy filing was unconstitutional (at the state level). And as much as Detroit might want to scale back pensions for fiscal relief, it may be prohibited from doing so. When pensions shrink after municipal bankruptcies, how bad is it? For a sobering example, look at Central Falls, R.I., which filed for bankruptcy in 2011. Following that declaration, the city whittled away more than 50 percent of the pension checks issued to a third of its retirees. For example, the average retired firefighter’s annual pension income went from $68,414 to $30,786. That’s certainly drastic, and it may not be replicated in Detroit or in Stockton, Calif. (the second largest American city to go bankrupt). Stockton is reducing bond payments, but so far has refrained from slashing pensions. (As it happens, the city’s biggest creditor is CalPERS, the California Public Employees’ Retirement System.) California’s state constitution also bars reductions in pension benefits, so Stockton’s retired public employees may be waiting on the courts as well. However, municipal pensions aren’t the only ones at risk. Polaroid went bankrupt, and as a consequence, its retirees are receiving pension checks courtesy of the federal Pension Benefit Guaranty Corp. – checks that, as MarketWatch columnist Robert Powell recently noted, represent “a fraction of what they were supposed to receive.” The biggest multiemployer pension fund in America is that of the Teamsters (the Teamsters’ Central States, Southeast & Southwest Pension Plan). When 2012 ended, it held $17.8 billion in assets. However, it had liabilities of $34.9 billion. The worst-case scenario is worth considering – just in case. If you receive a pension or are in line for one, developments like these may give you reason to pause. It might be time to ask “what if” –what options you might have See

TROTTER, Page 19

BANKING & FINANCE BANKING

Citizensâ&#x20AC;&#x2122; earnings affected by loan losses PHILADELPHIA â&#x20AC;&#x201D; Citizens Holding Company has released the results of operations for the three and six months ended June 30, 2013. Net income for the three months ended June 30 was $1.604 million, or $0.33 per share-basic and diluted, down from $1.752 million, or $0.36 per sharebasic and diluted for the same quarter in 2012. Net interest income for the second quarter of 2013, after the provision for loan losses for the quarter, was $6.231 million, approximately 13.7 percent lower than the same period in 2012, due to an increase in the provision for loan losses and a decrease in net interest income. The provision for loan losses for the three months ended June 30, 2013 was $574,000 compared to $330,000 for the same period in 2012. The increase in the provision reflects managementâ&#x20AC;&#x2122;s estimate of inherent losses in the loan portfolio including the impact of current local and national economic conditions. The net interest margin decreased to 3.48 percent in the second quarter of 2013 from 4.16 percent in the same period in 2012 primarily because of the decrease in yields on earning assets was greater than the decline in rates paid on interest bearing deposits. Non-interest income increased in the second quarter of 2013 by $292,000, or 17.8 percent, while non-interest expenses decreased $528,000, or 7.9 percent, compared to the same period in 2012. The increase in non-interest income was due primarily to an increase in service charges on deposit accounts, other income and other service charges and fees. Non-interest expenses decreased due to a $403,000 decrease in other operating expense and a $138,000 decrease in salaries and benefits offset by a $13,000 increase in occupancy expense. The decrease in other operating expense was due mainly as a result of lower regulatory and related costs. Net income for the six months ended June 30, 2013 decreased 11.6 percent to $3.018 million, or $0.62 per share-basic and diluted, from $3.415 million, or $0.70 per share-basic and diluted, for the six months ended June 30, 2012. Net interest income for the six months ended June 30, 2013, after the provision for loan losses, decreased 9.2 percent to $12.812 million from $14.038 million for the same period in 2012. Net interest margin for the six months ended June 30, decreased to 3.50 percent in 2013 from 4.13 percent in the same period in 2012. The provision for loan losses for the six months ended June 30, 2013 was $749.000 compared to the provision of $866,000 in 2012. The decrease in the provision reflects managementâ&#x20AC;&#x2122;s assessment of inherent losses in the loan portfolio including the impact caused by current local and national economic conditions. Non-interest income increased by $363,000, or 11.2 percent, and non-interest expense decreased by $380,000, or 2.9 percent, for the six months ended June 30 when compared to the same period in 2012. The increase in non-interest income was primarily due to an increase in service charges from deposit accounts and other service charges and fees. Noninterest expense decreased primarily due a decrease in other operating expenses of $84,000 and in salaries and benefits in the amount of $391,000 partially offset by an increase in occupancy expenses in the amount of $95,000. The decrease in other operating expense was due mainly as a result of lower regulatory and related costs. â&#x20AC;&#x201D; staff and MBJ wire services

August 9, 2013

TROTTER

Continued from Page 18

to take if your pension shrinks. Suppose your pension income was cut 2030 percent. What choices would you make? Would you try to live on less, and maybe move to a region where living expenses might be lower? Would you explore becoming a consultant or a â&#x20AC;&#x153;solo-preneurâ&#x20AC;? or maybe look into part-time work? Could you find methods to generate passive income, or make financial moves to replace any recurring income that

Mississippi Business Journal

would be lost? Tough questions to ask, for sure, but imagine what could happen if you just stick your head in the sand . . . .

governmentâ&#x20AC;&#x2122;s fraying safety net programs like Social Security. For many of us today, itâ&#x20AC;&#x2122;s harder to tell whether our â&#x20AC;&#x153;financial glassâ&#x20AC;? is half full . . . or half empty.

This Monthâ&#x20AC;&#x2122;s Parting Shot: Recent information provided through The Associated Press states that four in five adults struggle financially today with near-poverty conditions. Among the issues cited are globalization, an unsteady U.S. economy, the widening gap between the rich and poor, automation and the loss of good-paying manufacturing jobs in America. I will also throw in the lack of confidence in our

Ike S. Trotter, CLU, ChFC is a credentialed Financial Advisor in Greenville. Securities and Investment Advisory Services provided through Woodbury Financial Services, Inc., Member: FINRA, SIPC and Registered Investment Advisor, PO Box 64284, St. Paul, MN 55164. Tel: 800.800-2638. Some information provided through Peter Montoya, Inc. IKE TROTTER AGENCY, LLC and Woodbury Financial Services, Inc. are not affiliated entities. Information provided is general in nature and not intended as specific financial advice

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FOCUS ON: Economic Development Weeks in 2013 this topic is covered: Publish Date: August 30

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Lists: Mississippi Main Street Association Highest Paid Occupations

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FOR MORE INFORMATION ON HOW TO ADVERTISE CONTACT Tami Jones, Advertising Director Melissa H. Killingsworth, Senior Account Executive Virginia Hodges, Account Executive

(601) 364-1011 (601) 364-1030 (601) 364-1012

tami.jones@msbusiness.com melissa.harrison@msbusiness.com virginia.hodges@msbusiness.com

CREDIT UNIONS

20 I Mississippi Business Journal I August 9, 2013 Credit Union 1st Mississippi Federal Credit Union AMPOT Federal Credit Union B&W Mississippi Employees Federal Credit Union BenchSmart Federal Credit Union Biloxi Teachers Federal Credit Union Brightview Federal Credit Union Camp Shelby Federal Credit Union Central Mississippi Federal Credit Union Central Sunbelt Federal Credit Union Choctaw Federal Credit Union Citizens Choice Federal Credit Union Coastal Credit Union Columbus Municipal Credit Union Copiah-Lincoln Education Federal Credit Union Credit Union South Delta Credit Union Elevator Credit Union Ellisville State School Employees Credit Union EPA Credit Union FAA Federal Credit Union Ferguson Federal Credit Union First Neshoba Federal Credit Union FMC Employees Federal Credit Union Forrest County Teachers Federal Credit Union Forrest-Petal Education Federal Credit Union Grenada Lake Medical Center Employees Federal Credit Union Gulf Coast Community Federal Credit Union Harrison County POE Federal Credit Union

Address

Phone

600 19th Ave. Meridian, MS 39301 40036 Kerr-McGee R., Hamilton, MS 39746 310 Commerce St., West Point, MS 39773 803 E. 15th St., Yazoo City, MS 39194 1445 Father Ryan Ave., Biloxi, MS 39530 713 S. Pear Orchard Rd., Ste. 101, Ridgeland, MS 39157 Warehouse Ave., Bldg 82, Camp Shelby, MS 39407 101 S. Central Ave., Winona, MS 38967 1506 Congress St., Laurel, MS 39440 203 Choctaw Town Center, Philadelphia, MS 39350 101 St. Catherine St., Natchez, MS 39120 676 Dr. Martin Luther King, Jr. Blvd., Biloxi, MS 39530 1968 6th St. N., Columbus, MS 39701 1028 JC Redd Dr., Co-Lin Community College, Wesson, MS 39191 400 Veterans Ave., Bldg. 18, Biloxi, MS 39531-2410 1385 E. Reed Rd., Greenville, MS 38703 8279 Frontage Rd., Olive Branch, MS 38654 1101 Hwy. 11 S., Ellisville, MS 39437-4444 665 Highland Colony Pkwy., Ridgeland, MS 39157 P. O. Box 18178, Memphis, TN 38181-0178 577 N.A. Sandifer Hwy., Monticello, MS 39564 547 Main St., Philadelphia, MS 39350 2730 Hwy. 145 S., Saltillo, MS 38866 611 Dumas Ave., Hattiesburg, MS 39401 400 Forrest St., Hattiesburg, MS 39401 960 J.K. Avent Dr., Grenada, MS 38901-5094 12364 Hwy. 49, Gulfport, MS 39503 1948 E. Pass Rd., Gulfport, MS 39507

(601) 693-6873 (662) 343-8793 (662) 494-7473 (662) 746-0048 (228) 436-5126 (601) 977-9468 (601) 544-5421 (662) 283-4781 (601) 649-7181 (601) 656-0055 (601) 442-5888 (228) 432-0284 (662) 327-3030 (601) 643-8421 (228) 388-5040 (662) 332-7184 (662) 895-2964 (601) 477-5635 (601) 605-8600 (662) 680-5620 (601) 587-4037 (601) 656-1183 (662) 869-7552 (601) 584-7331 (601) 545-6068 (662) 227-7153 (228) 539-7029 (228) 896-0038

Web site www.1stmsfcu.org NA NA www.benchsmartfcu.com www.biloxischools.net www.employessfcu.com www.campshelbycreditunion.us NA www.centralsunbeltfcu.org NA NA NA NA NA NA NA NA NA NA NA www.fergusonfcu.org www.fnfcu.org NA NA NA NA www.gulfcoastcommunityfcu.org NA

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CREDIT UNIONS Credit Union Hattiesburg-Laurel Federal Credit Union HealthPlus Federal Credit Union Hope Federal Credit Union Hope Federal Credit Union-East Central Branch Hospital System Credit Union Issaquena County Federal Credit Union Jackson ACCO Credit Union Jackson Area Federal Credit Union JPFCE Federal Credit Union Junior College Federal Credit Union Keesler Federal Credit Union Magnolia Federal Credit Union MBHS Federal Credit Union McComb Federal Credit Union MDOT Federal Credit Union Members Exchange Credit Union Memorial Federal Credit Union Meridian Mississippi Air National Guard Federal Credit Union Mid Delta Credit Union Miller Transporters Federal Credit Union Mississippi Federal Credit Union Mississippi Central Federal Credit Union Mississippi College Employees Credit Union Mississippi Farm Bureau Employees Credit Union Mississippi Hwy Safety Patrol Federal Credit Union Mississippi National Guard Federal Credit Union Mississippi Postal Employees Federal Credit Union Mississippi Public Employees Credit Union Mississippi Telco Federal Credit Union MSTC Federal Credit Union MUNA Federal Credit Union MUW Employees Federal Credit Union North Mississippi Health Service Employees Federal Credit Union Natchez Adams Education Credit Union Navigator Credit Union New Horizons Credit Union Northeast Mississippi Federal Credit Union Old South Federal Credit Union Pearl Municipal Credit Union Pike County Teachers Federal Credit Union Pine Belt Federal Credit Union Postal Credit Union SecurTrust Federal Credit Union Shelby-Bolivar Federal Credit Union Singing River Federal Credit Union Statewide Federal Credit Union Stephens-Adamson Employees Credit Union Tombigbee Federal Credit Union TPC Employees Federal Credit Union Treasury Employees Federal Credit Union Triangle Federal Credit Union Twin States Federal Credit Union United Methodist of Mississippi Federal Credit Union University of Southern Mississippi Federal Credit Union Valley Gas Employees Credit Union Vicksburg Railroad Credit Union Vickswood Credit Union Wesley Federal Credit Union

August 9, 2013

Address 3205 Hardy St., Hattiesburg, MS 39401-7060 500-H East Woodrow Wilson, Jackson, MS 39205 4 Old River Pl., Ste. A, Jackson, MS 39202-3434 108 E. Main St., Louisville, MS 39339 2533 Denny Ave., Pascagoula, MS 39567 111 Cedar St., Mayersville, MS 39113 1085 Hwy. 80 W., Jackson, MS 39204 5675 Hwy. 18 W., Jackson, MS 39209 600 E. McDowell Rd., Jackson, MS 39204 Darby Hall, Perkinston Campus, Perkinston, MS 39573 2602 Pass Rd., Biloxi, MS 39531 240 Briarwood Dr., Jackson, MS 39206 1225 N. State St., Jackson, MS 39202-0235 913 Delaware Ave., McComb, MS 39648 401 N. West St., Ste. 3011, Jackson, MS 39201 107 Marketridge Dr., Ridgeland, MS 39157 4500 Thirteenth St., Gulfport, MS 39501 6503 M St., Meridian, MS 39307 623 SunďŹ&#x201A;ower Ave. Ext., Indianola, MS 38751 5500 Hwy. 80 W., Jackson, MS 39209 2500 N. State St., Jackson, MS 39216 4840 Hwy. 80 E., Morton, MS 39117 S 200 Capitol St., Floor RM, Ste. 20, Clinton, MS 39056 1401 Livingston Ln., Jackson, MS 39213 1900 E. Woodrow Wilson Dr., Ste. 20, Jackson, MS 39216 142 Military Dr., Jackson, MS 39232 567 S. State St., Jackson, MS 39201 613 S. West St., Jackson, MS 39201 409 Riverwind Dr., Pearl, MS 39208 1577 Springridge Rd., Jackson, MS 39225 4400 Hwy. 39 N. Meridian, MS 39301 1100 College St., W-41, Columbus, MS 39701-5800 830 S. Gloster, Tupelo, MS 38801 10 Homochitto St., Natchez, MS 39120 2721 Jerry St. Pe' Hwy., Pascagoula, MS 39567 211 High St., West Point, MS 39773 704 Hwy. 25 S., Aberdeen, MS 39730 148 N. Shields Ln., Natchez, MS 39120 2420 Old Brandon Rd., Pearl, MS 39208 821 Summit St., McComb, MS 39649 608 W. 7th St., Hattiesburg, MS 39401 2100 9th St., Rm. 5, Meridian, MS 39301 6555 Quince Rd., Ste. 307, Memphis, TN 38119 630 Gaines Hwy., Boyle, MS 38730 6006 Hwy. 63, Moss Point, MS 39563 295 E. Layfair Dr., Flowood, MS 39232 Hwy. 49 S., Clarksdale, MS 38614 1010 True Temper Cir., Amory, MS 38821 5424 Hwy. 145 S., Tupelo, MS 38879 100 W. Capitol St., Ste. 603, Jackson, MS 39269 Bldg. 160 Simler Blvd., Columbus AFB, MS 39705 59 Yorkville Park Sq., Columbus, MS 39702 9 County Rd. 1191, Booneville, MS 38829 3318 Hardy St., Hattiesburg, MS 39401 1400 Lakeover Rd., Ste. 140, Jackson, MS 39213 900 Belmont, Vicksburg, MS 39180 1825 N. Frontage Rd, Ste. E, Vicksburg, MS 39180 201 Methodist Blvd., Ste. 101, Hattiesburg, MS 39402

Source: Mississippi Credit Union Association (www.mscua.com) Please direct questions or comments to Wally Northway at research@msbusiness.com/.

Phone (601) 583-6938 (601) 354-6633 (601) 713-0974 (662) 773-3550 (228) 762-0659 (662) 873-4393 (601) 960-5240 (601) 922-7055 (601) 985-4877 (601) 928-6336 (228) 385-5500 (601) 977-8300 (601) 968-1213 (601) 684-7764 (601) 359-7900 (601) 922-3350 (228) 865-3142 (601) 483-7307 (662) 887-4347 (601) 922-8331 (601) 984-1315 (601) 732-8887 (601) 925-3895 (601) 981-5332 (601) 932-5194 (601) 355-6363 (601) 948-8191 (601) 664-2085 (601) 923-7446 (601) 693-8563 (662) 327-2500 (662) 377-3235 (601) 445-2851 (228) 762-3542 (662) 494-7747 (662) 369-2851 (601) 442-4382 (601) 939-3126 (601) 684-6278 (601) 583-3242 (601) 693-7413 (901) 751-2097 (662) 843-0060 (228) 475-9531 (601) 420-5535 (662) 627-5292 (662) 256-2791 (662) 566-4810 (601) 355-5411 (662) 434-6052 (662) 327-7666 (662) 462-7585 (601) 450-4114 (601) 362-7623 (601) 638-3134 (601) 638-1947 (601) 268-8056

Mississippi Business Journal

Web site www.hlfcu.com www.mphwfcu.com www.hopecu.org NA www.hospitalsystemcu.com NA NA www.jacksonareafcu.com NA NA www.kfcu.org www.magfedcu.org www.mbhsfcu.org www.mccombfcu.org www.mdotfcu.com www.mecuanywhere.com NA www.meridianangfcu.org NA www.millertfcu.com www.msfcu.us NA NA NA www.mhspfcu.com NA www.mpefcu.com www.mspecu.org www.mstelco.org NA www.munafederal.com NA NA NA www.navigatorcu.org NA NA www.oldsouthfcu.com NA NA www.pinebeltfcu.com NA NA NA www.srfcu.org www.statewidefcu.org NA NA NA NA www.trianglefcu.com www.twinstatesfcu.com NA www.usmfedcu.com www.valleygasemp.virtualcu.net NA NA www.wesleyfcu.com

SALES TAX

22 I Mississippi Business Journal I August 9, 2013 June 2013 sales tax receipts/year to date, July 1 MISSISSIPPI STATE TAX COMMISSION Here are cities’ earnings through sales tax collections. Sales tax has a three-month cycle. Month 1 — Tax is collected by the retailer. Month 2 — Tax is reported/paid to the Tax Commission by the retailer. Month 3 — Sales tax diversion is paid by the Tax Commission to the cities. This report is based on the month the tax is collected at the Tax Commission (Month 2). June June Year to date YTD CITY 2013 2012 2013 2012 ABBEVILLE $3,372.24 $9,707.39 $49,419.49 $89,595.10 ABERDEEN 70,865.11 69,637.77 815,344.01 835,563.41 ACKERMAN 23,512.32 23,875.93 278,471.22 279,153.09 ALCORN STATE U 389.06 868.95 9,127.55 15,560.01 ALGOMA 2,016.63 1,676.47 24,294.70 62,439.91 ALLIGATOR 590.84 606.79 8,203.25 8,391.38 AMORY 157,250.79 162,800.52 1,848,904.73 1,898,686.62 ANGUILLA 2,462.60 3,488.67 33,661.26 41,771.34 ARCOLA 1,435.22 2,788.63 18,000.65 23,277.65 ARTESIA 687.03 983.31 10,255.23 12,755.19 ASHLAND 13,393.52 13,674.06 142,261.05 156,831.33 BALDWYN 47,739.27 47,318.58 551,921.36 552,915.06 BASSFIELD 11,558.83 11,503.06 147,727.61 146,914.44 BATESVILLE 342,995.46 329,995.65 3,881,833.30 3,856,079.52 BAY SPRINGS 54,010.78 53,839.05 612,436.96 609,042.56 BAY ST LOUIS 107,723.39 112,419.77 1,284,311.84 1,120,006.43 BEAUMONT 6,208.13 6,817.32 73,320.89 81,619.48 BEAUREGARD 217.25 204.71 2,880.82 2,459.84 BELMONT 24,889.51 23,472.63 275,327.08 268,503.87 BELZONI 40,387.34 46,141.44 536,960.64 533,764.00 BENOIT 7,101.88 6,143.60 78,990.66 81,532.60 BENTONIA 27,328.74 14,972.13 325,691.90 299,925.52 BEULAH 327.36 391.18 4,583.46 4,638.64 BIG CREEK 397.14 411.14 4,620.99 5,621.39 BILOXI 953,121.63 1,037,545.70 10,917,658.84 10,426,697.52 BLUE MOUNTAIN 9,553.34 9,171.63 108,100.41 111,281.79 BLUE SPRINGS 2,700.23 2,640.62 32,056.61 31,735.54 BOLTON 11,117.29 11,175.05 123,174.33 113,410.77 BOONEVILLE 149,900.54 149,623.98 1,778,877.55 1,762,915.35 BOYLE 19,970.13 20,658.03 182,223.65 178,111.77 BRANDON 461,476.11 450,575.65 5,058,474.97 4,900,192.53 BRAXTON 1,181.45 1,254.26 14,081.23 13,137.99 BROOKHAVEN 458,322.14 441,669.75 5,204,118.55 5,099,870.44 BROOKSVILLE 10,433.15 9,529.32 105,257.96 108,953.29 BRUCE 44,357.65 42,316.15 490,617.60 477,391.66 BUDE 12,124.80 9,810.21 127,759.50 115,775.20 BURNSVILLE 12,980.42 13,099.47 143,203.18 151,075.77 BYHALIA 67,920.06 57,762.87 714,565.23 711,719.15 BYRAM 170,268.76 177,362.14 1,913,402.05 1,687,631.14 CALEDONIA 11,217.37 11,665.61 136,118.39 134,541.28 CALHOUN CITY 25,456.52 24,421.36 294,387.41 293,734.07 CANTON 215,466.07 199,792.99 2,427,216.00 2,217,199.24 CARROLLTON 5,528.96 5,749.31 70,099.18 66,185.61 CARTHAGE 138,527.68 132,963.53 1,577,084.57 1,551,961.42 CARY 1,224.35 1,588.30 17,184.64 18,196.70 CENTREVILLE 17,610.56 17,897.44 221,263.73 225,774.58 CHARLESTON 27,308.09 28,861.69 338,401.97 341,403.42 CHUNKY 684.65 648.21 7,160.16 7,330.31 CLARKSDALE 231,809.76 229,386.87 2,804,782.76 2,813,681.52 CLEVELAND 278,093.17 280,435.63 3,414,503.01 3,567,527.03 CLINTON 375,503.90 421,827.58 4,444,280.98 4,296,097.89 COAHOMA 553.52 322.83 5,888.75 5,046.64 COAHOMA COLLEGE 9.99 5.00 2,955.38 2,363.57 COFFEEVILLE 9,816.43 10,949.84 124,436.52 138,104.01 COLDWATER 16,493.58 19,306.72 202,895.41 217,992.27 COLLINS 137,288.25 116,879.63 1,371,013.35 1,328,488.46 COLUMBIA 291,951.09 289,364.50 3,313,389.39 3,258,630.67 COLUMBUS 734,443.80 717,112.88 8,616,353.91 8,811,955.09 COMO 15,537.11 13,383.08 174,136.04 158,400.87 CORINTH 481,089.51 477,015.34 5,500,075.13 5,483,334.39 COURTLAND 1,107.94 1,747.55 15,315.83 17,994.43 CRAWFORD 1,158.85 2,513.45 14,996.85 15,445.91 CRENSHAW 4,111.01 4,711.06 57,323.97 61,823.72 CROSBY 596.86 1,736.09 11,435.79 16,442.84 CROWDER 1,385.87 2,290.48 19,987.07 24,053.51 CRUGER 838.87 646.83 7,095.79 7,748.08 CRYSTAL SPRINGS 65,494.00 54,143.81 644,528.56 625,023.49 D LO 3,253.69 3,148.59 37,097.17 37,965.62 D'IBERVILLE 493,984.50 468,710.34 5,910,675.56 5,669,901.50 DECATUR 10,793.71 12,814.60 139,917.88 147,025.09 DEKALB 22,887.99 24,077.61 243,004.21 250,957.42 DERMA 5,701.37 4,837.18 57,946.95 58,005.32 DIAMONDHEAD 40,679.40 41,978.54 463,042.21 157,144.94 DODDSVILLE 600.33 200.15 5,887.22 4,238.05 DREW 10,730.75 10,249.54 116,050.26 137,618.48 DUCK HILL 4,068.27 3,876.62 44,730.41 50,649.48 DUMAS 1,188.09 1,072.16 13,230.99 12,705.30 DUNCAN 2,269.55 935.86 16,586.95 7,949.58 DURANT 26,056.63 25,053.52 291,952.92 292,100.69 EAST MS COLLEGE 98.79 125.06 3,080.83 3,544.80 ECRU 12,504.72 10,897.36 136,951.67 134,259.86 EDEN 55.69 41.63 651.81 580.36 EDWARDS 5,909.53 6,033.45 71,058.85 66,733.03 ELLISVILLE 101,163.44 74,404.71 1,069,794.89 886,163.86 ENTERPRISE 5,238.75 5,105.56 60,816.54 61,662.95 ETHEL 1,137.75 796.18 13,775.54 16,611.36 EUPORA 37,632.69 36,300.97 416,460.40 445,085.48 FALCON 61.98 50.69 634.05 606.45 FARMINGTON 3,661.70 4,556.58 50,743.42 51,621.03 FAULKNER 4,409.05 4,973.82 42,750.84 43,443.88 FAYETTE 18,284.33 16,555.86 201,495.74 198,617.26 FLORA 24,412.67 24,431.21 328,299.25 310,731.57 FLORENCE 69,582.89 59,126.32 758,481.05 691,649.67 FLOWOOD 890,154.39 825,195.55 10,358,729.62 10,098,694.81 FOREST 181,371.38 176,173.06 2,099,636.97 2,090,987.89 FRENCH CAMP 537.80 1,855.22 10,863.11 20,654.22 FRIARS POINT 1,955.34 2,566.33 27,851.00 29,680.49

FULTON GATTMAN GAUTIER GEORGETOWN GLEN GLENDORA GLOSTER GOLDEN GOODMAN GREENVILLE GREENWOOD GRENADA GULFPORT GUNNISON GUNTOWN HATLEY HATTIESBURG HAZLEHURST HEIDELBERG HERNANDO HICKORY HICKORY FLAT HINDS COMMUNITY HOLLANDALE HOLLY SPRINGS HORN LAKE HOULKA HOUSTON INDIANOLA INVERNESS ISOLA ITTA BENA IUKA JACKSON JONESTOWN JUMPERTOWN KILMICHAEL KOSCIUSKO KOSSUTH LAKE LAMBERT LAUREL LEAKESVILLE LEARNED LELAND LENA LEXINGTON LIBERTY LONG BEACH LOUIN LOUISE LOUISVILLE LUCEDALE LULA LUMBERTON LYON MABEN MACON MADISON MAGEE MAGNOLIA MANTACHIE MANTEE MARIETTA MARION MARKS MATHISTON MAYERSVILLE MCCOMB MCCOOL MCLAIN MEADVILLE MENDENHALL MERIDIAN MERIGOLD METCALFE MIZE MONTICELLO MONTROSE MOORHEAD MORGAN CITY MORTON MOSS POINT MOUND BAYOU MS GULFCOAST MS STATE UNIV MS VALLEY ST MT OLIVE MYRTLE NATCHEZ NETTLETON NEW ALBANY NEW AUGUSTA NEW HEBRON NEWTON NO. CARROLLTON NOXAPATER OAKLAND OCEAN SPRINGS OKOLONA OLIVE BRANCH OSYKA OXFORD PACE PACHUTA PADEN

123,413.80 106.38 201,955.91 3,508.86 1,984.70 402.15 12,123.55 3,857.38 3,250.59 528,037.22 370,445.07 351,877.02 1,671,018.01 372.87 15,810.85 408.59 1,789,390.79 105,502.57 31,433.36 252,588.94 4,042.17 5,384.59 1,098.16 13,410.75 99,433.75 338,484.65 8,307.48 83,415.61 149,326.55 6,646.71 1,187.55 10,181.84 67,669.95 2,684,771.97 3,612.56 902.77 5,843.12 175,043.68 3,472.10 6,244.44 4,519.72 821,044.20 26,867.20 466.13 47,778.59 1,888.32 37,618.75 20,518.47 115,953.80 2,573.92 873.66 146,385.26 169,602.88 3,243.23 14,733.17 5,530.95 5,880.39 53,734.73 541,235.36 172,947.81 41,176.51 16,148.06 2,243.21 4,547.59 17,560.34 19,063.08 16,531.32 580.35 485,319.90 1,360.86 7,065.28 10,938.04 58,920.04 1,244,097.23 7,104.43 1,103.16 13,050.25 39,195.90 554.97 6,215.05 550.54 38,712.52 152,402.21 3,961.99 204.80 13,244.12 96.20 7,344.16 4,216.11 461,013.38 29,721.22 252,526.94 14,943.19 6,871.70 91,117.27 3,264.76 9,081.56 5,977.30 365,496.94 26,712.23 670,835.14 5,376.14 590,197.29 536.50 1,857.13 188.52

119,321.36 147.67 187,138.63 3,717.44 2,104.81 519.92 11,837.23 4,234.40 3,377.31 512,221.90 386,393.46 344,680.43 1,603,331.53 716.42 15,642.39 782.97 1,740,357.51 101,181.62 33,194.28 230,786.53 4,186.74 5,731.69 1,344.77 14,681.03 97,190.58 335,487.29 9,205.91 86,183.13 163,213.79 6,129.68 1,291.02 11,779.75 66,183.32 2,599,579.35 3,716.98 1,019.29 5,774.98 164,550.12 3,886.68 7,102.49 3,427.42 775,327.15 22,642.60 469.64 43,440.24 1,867.60 37,297.74 21,928.58 99,612.91 2,264.22 1,584.82 152,256.59 170,485.49 3,045.75 16,277.07 2,966.94 6,708.58 51,946.65 480,397.50 168,679.18 35,154.60 17,212.82 2,634.06 5,041.77 16,386.96 20,910.88 16,492.23 500.16 440,842.07 581.62 6,082.69 9,971.11 51,057.45 1,203,048.18 7,013.83 1,226.93 17,094.09 38,619.81 194.55 7,267.22 721.01 40,164.17 129,542.67 6,082.53 146.34 20,033.84 116.00 7,683.34 3,773.66 447,768.14 25,874.68 229,972.24 15,870.96 7,050.84 88,361.65 3,236.07 8,866.63 5,959.13 378,428.52 24,471.92 642,058.90 6,364.90 550,319.06 585.36 2,003.25 145.23

1,431,293.80 1,419,153.45 1,480.69 1,887.67 2,235,352.41 2,190,174.45 42,504.70 43,234.92 20,553.23 20,319.38 4,171.58 4,785.11 135,697.31 141,491.52 52,014.66 55,977.25 42,055.12 45,916.31 6,329,209.93 6,221,363.00 4,409,028.34 4,426,400.08 4,065,668.46 3,999,478.85 19,346,010.24 19,004,321.25 8,962.55 8,765.77 181,808.54 185,651.04 6,298.28 16,718.00 21,142,807.02 20,523,065.66 1,254,366.85 1,234,735.16 411,065.99 431,283.47 2,821,213.89 2,694,868.89 47,334.06 49,125.21 69,262.26 72,772.57 9,217.45 9,489.05 170,973.95 180,544.84 1,185,374.66 1,153,900.44 3,911,683.96 3,897,356.72 97,889.16 103,924.08 995,051.16 1,020,972.91 1,838,398.59 1,930,807.51 75,643.48 78,098.06 19,024.57 24,627.93 138,799.72 137,988.94 779,331.44 755,861.51 31,644,983.91 31,371,980.15 45,408.74 47,780.62 9,769.07 11,126.53 69,871.24 68,007.85 2,005,625.63 1,985,526.04 44,783.22 44,951.39 80,541.72 79,331.11 43,169.90 36,460.66 9,246,793.72 8,947,368.82 291,013.78 273,905.12 5,446.23 9,066.74 522,616.10 454,473.94 20,586.32 20,636.32 445,599.19 443,159.47 230,926.88 232,033.15 1,336,030.62 1,282,038.17 29,037.87 38,143.71 12,485.06 15,025.86 1,747,453.60 1,710,465.68 1,947,014.06 1,878,687.16 39,434.78 36,419.65 175,046.23 258,180.91 68,675.42 37,195.37 74,779.84 80,112.29 596,706.96 597,045.86 5,980,521.03 5,447,570.03 1,965,581.62 1,982,825.22 425,140.74 407,161.57 195,608.65 188,936.81 32,584.12 31,667.14 56,092.91 58,459.67 197,709.99 187,771.78 234,000.71 241,711.64 188,160.09 197,384.46 6,891.92 6,361.58 5,402,071.25 5,238,451.21 6,866.35 7,858.46 70,566.17 71,254.67 125,476.33 122,597.17 596,924.35 577,807.54 14,434,646.67 13,984,794.14 84,798.65 83,059.13 13,210.93 14,203.11 152,032.13 178,601.08 458,736.06 460,042.00 7,201.11 5,973.21 104,168.83 100,808.60 7,118.63 7,796.67 464,831.13 475,592.46 1,614,333.76 1,586,930.27 54,697.11 51,975.73 6,239.73 4,740.09 344,600.99 356,258.49 7,921.35 9,460.76 97,096.96 109,967.26 46,924.69 43,683.09 5,377,507.90 5,255,808.94 291,435.03 292,039.84 2,819,713.79 2,680,056.64 181,689.01 180,913.45 86,647.00 84,438.59 1,029,072.80 1,009,214.71 35,830.45 37,180.81 111,037.85 104,876.32 70,149.36 72,058.19 4,464,996.87 4,298,632.50 297,504.50 288,778.35 7,555,024.66 7,162,846.94 65,290.82 71,927.98 6,904,958.11 6,585,884.82 6,734.67 7,532.21 21,763.77 21,371.48 1,967.33 1,748.28

PASCAGOULA 493,603.87 PASS CHRISTIAN 95,543.59 PAULDING 128.21 PEARL 800,714.88 PELAHATCHIE 28,837.29 PETAL 195,659.51 PHILADELPHIA 346,812.83 PICAYUNE 352,584.40 PICKENS 7,469.93 PITTSBORO 396.64 PLANTERSVILLE 4,869.98 POLKVILLE 403.79 PONTOTOC 198,229.72 POPE 2,566.43 POPLARVILLE 56,744.02 PORT GIBSON 19,371.67 POTTS CAMP 7,896.43 PRENTISS 36,854.91 PUCKETT 7,776.72 PURVIS 64,973.77 QUITMAN 47,257.01 RALEIGH 21,885.83 RAYMOND 15,883.49 RENOVA 1,889.07 RICHLAND 385,272.73 RICHTON 25,199.53 RIDGELAND 1,161,811.39 RIENZI 3,634.57 RIPLEY 111,190.13 ROLLING FORK 37,704.04 ROSEDALE 9,479.06 ROXIE 1,348.80 RULEVILLE 20,028.27 SALLIS 2,151.18 SALTILLO 63,601.04 SANDERSVILLE 49,728.43 SARDIS 26,241.43 SATARTIA 385.91 SCHLATER 1,281.36 SCOOBA 5,467.35 SEBASTAPOL 15,816.82 SEMINARY 11,056.76 SENATOBIA 167,270.27 SHANNON 13,565.25 SHAW 6,556.80 SHELBY 10,521.37 SHERMAN 13,486.32 SHUBUTA 3,591.78 SHUQUALAK 1,661.51 SIDON 771.14 SILVER CITY 343.92 SILVER CREEK 3,050.51 SLATE SPRINGS 146.74 SLEDGE 1,270.83 SMITHVILLE 6,126.15 SNOWLAKESHORES 353.17 SOSO 10,906.89 SOUTHAVEN 1,026,347.82 SOUTHWEST COMM 14.80 STARKVILLE 469,209.69 STATE LINE 9,744.07 STONEWALL 7,265.98 STURGIS 2,567.41 SUMMIT 39,182.45 SUMNER 3,661.57 SUMRALL 43,260.62 SUNFLOWER 1,907.64 SYLVARENA 237.36 TAYLOR 2,203.17 TAYLORSVILLE 26,214.62 TCHULA 6,901.83 TERRY 24,183.92 THAXTON 3,351.83 TISHOMINGO 8,878.71 TOCCOPOLA 532.47 TOWN OF WALLS 3,474.68 TREMONT 1,668.19 TUNICA 40,433.26 TUPELO 1,492,693.08 TUTWILER 3,520.84 TYLERTOWN 56,910.60 UNION 28,975.11 UNIV OF MISS 9,993.25 UTICA 12,283.25 VAIDEN 8,856.65 VARDAMAN 9,635.64 VERONA 20,156.12 VICKSBURG 660,778.12 WALNUT 17,086.67 WALNUT GROVE 5,443.19 WALTHALL 1,784.80 WATER VALLEY 44,355.33 WAVELAND 187,239.69 WAYNESBORO 177,321.50 WEBB 6,884.01 WEIR 2,213.59 WESSON 14,984.74 WEST 1,376.23 WEST POINT 176,137.42 WIGGINS 147,180.53 WINONA 88,559.48 WINSTONVILLE 323.94 WOODLAND 6,853.32 WOODVILLE 27,273.18 YAZOO CITY 143,453.10 TOTAL $34,534,464.96

463,736.38 5,400,356.83 5,220,562.87 93,611.20 1,110,300.57 1,071,518.60 137.22 1,386.02 1,913.26 680,366.83 8,389,387.34 8,035,219.40 28,973.06 318,058.09 299,820.72 181,957.53 2,191,398.61 2,125,654.72 322,501.52 3,852,448.37 3,780,306.06 355,132.97 4,100,863.15 4,031,629.48 8,259.85 92,085.41 99,444.39 451.40 5,133.04 5,336.35 3,734.44 45,609.90 49,084.11 351.52 4,458.08 4,916.87 192,469.25 2,206,630.77 2,210,947.09 3,965.30 43,491.83 44,456.80 52,096.33 623,841.61 617,552.79 22,962.93 236,471.64 252,878.39 8,348.66 101,517.79 100,161.56 35,324.42 438,748.09 423,441.00 8,207.11 101,791.99 95,206.02 58,009.82 695,986.45 634,589.34 44,618.01 526,268.28 527,397.65 20,791.70 203,505.62 218,653.46 15,701.29 194,797.61 200,826.31 2,979.60 31,594.88 32,999.05 362,034.83 4,527,353.82 4,202,124.43 26,271.37 315,469.92 290,505.71 939,930.35 12,514,322.86 11,490,623.29 2,727.42 35,045.35 34,081.57 104,265.43 1,218,955.61 1,187,209.53 30,829.70 421,325.18 368,219.89 10,543.22 119,735.79 119,831.48 1,511.33 17,255.42 18,107.23 18,647.01 232,495.16 217,525.75 2,294.74 26,729.05 24,810.76 55,793.31 717,215.21 649,550.55 52,983.96 735,660.48 704,485.68 27,650.78 299,190.89 331,762.29 413.29 4,859.43 4,340.69 943.02 11,263.76 10,982.17 6,157.92 73,569.92 70,549.43 14,540.63 184,478.00 171,395.53 11,186.31 131,712.43 135,810.63 158,308.45 1,889,767.37 1,844,049.59 13,391.67 165,382.15 164,460.11 6,975.06 75,990.56 80,351.21 9,955.68 120,631.67 119,928.37 49,991.13 138,533.64 175,219.85 3,510.21 42,298.54 42,921.69 1,706.21 22,029.95 23,027.24 791.33 9,562.89 9,705.63 404.60 4,596.81 4,599.92 3,330.00 35,410.42 36,996.22 612.53 3,384.76 4,662.35 1,449.64 17,982.09 19,370.58 5,513.72 67,361.24 57,643.21 144.12 1,963.65 2,182.49 10,521.41 160,234.51 135,890.90 1,060,078.32 12,451,315.25 12,425,240.49 202.58 1,670.21 4,123.11 442,991.06 5,692,383.63 5,554,518.29 8,862.70 106,220.05 101,882.12 6,405.60 79,369.71 71,038.67 2,264.08 42,218.64 33,016.76 35,080.80 383,878.11 371,485.96 3,886.82 51,428.28 47,401.99 29,920.60 434,850.43 395,172.02 1,897.91 23,230.34 26,780.91 254.56 3,678.21 3,489.96 2,344.32 22,765.59 25,148.00 24,980.77 296,863.93 296,085.47 7,899.38 84,071.79 80,829.66 23,843.05 289,931.35 290,200.39 2,958.60 36,206.87 34,912.51 9,162.42 99,195.61 102,606.71 331.20 6,705.27 6,049.83 4,380.30 39,750.97 37,491.50 1,281.85 20,677.57 17,429.46 39,400.25 495,543.55 502,956.74 1,465,517.49 17,853,342.18 17,787,285.35 3,999.28 45,669.38 58,757.56 55,274.34 649,606.16 654,221.37 30,654.98 346,014.88 362,726.37 9,657.41 371,386.69 348,369.47 11,262.61 141,322.42 140,033.63 9,624.66 121,206.38 127,688.16 9,565.17 122,753.13 109,634.15 19,113.49 240,679.67 219,686.32 662,465.27 7,630,047.74 7,686,831.28 18,588.90 199,050.83 238,569.30 6,393.24 78,528.46 73,445.35 2,052.15 21,539.47 24,108.85 41,010.81 475,826.70 475,194.89 181,826.70 2,141,286.70 2,089,689.28 175,528.20 2,049,610.96 2,030,510.84 10,467.33 91,643.11 103,911.52 2,329.24 27,861.44 29,039.37 13,367.69 172,852.61 175,696.26 1,530.02 18,015.88 20,239.31 181,568.43 2,104,898.87 2,130,490.99 144,175.92 1,683,346.38 1,638,809.81 88,976.50 1,046,642.85 1,037,751.05 736.39 4,258.72 7,780.75 5,329.21 67,861.61 66,693.66 24,516.26 317,589.06 307,077.58 143,141.06 1,762,700.24 1,733,459.76 $33,354,051.24 $399,181,456.56 $389,945,223.45

INCORPORATIONS May 2013 Incorporations This is the May 2013 list of the state’s newly incorporated businesses from the Secretary of State’s Office. Listed are towns from Perkinston to xx. Listings include business name, type, date formed and location. Addresses reflect legal entity for service of process, not necessarily the new business entities’ operating address.

Perkinston FC Staffing, Inc. BUS 5/28/13 26216 Choctaw Rd Rainbow Magnolia, LLC LLC 5/8/13 25 Kaylen Dr Wiggins Jiu Jitsu LLC LLC 5/24/13 319 Lott Road

Petal # 1 Nails LLC LLC 5/7/13 100 Eastbrook Drive, Suite 120 A.L.S. Projects, Inc. BUS 5/13/13 66 Harvest Circle Anthony C Pearson, LLC LLC 5/23/13 906 Carterville Rd Clark & Sons, LLC LLC 5/8/13 740 Hillcrest Loop Flawless by Jennifer Allen, LLC LLC 5/1/13 112 Petal Village Drive Fletcher’s Drilling, LLC LLC 5/6/13 21 Coyote Trail Fuji Express, LLC LLC 5/1/13 100 Eastbrook Drive JD Teague Entrerprise LLC LLC 5/7/13 1033 Old River Rd Ms. Honey, LLC LLC 5/14/13 88 Country Park Dr Nezbeth Drilling Inc, LLC LLC 5/13/13 21 Coyote Trail Nezbeth Drilling, LLC LLC 5/13/13 21 Coyote Trail Tyra’s Edible Delights LLC LLC 5/31/13 104 Ferncrest Loop

Pheba Babcock SDV, LLC 5/14/13

LLC 1043 Brewer Road

Philadelphia City Jewelry Inc BUS 5/8/13 418 E Beacon St James Lane Law Firm LLC LLC 5/10/13 303C West Main St L.T. Fashion L.L.C. LLC 5/3/13 247 Carver Ave M & K Farms Inc BUS 5/8/13 16210 Road 602 Na-Tive Bloodline Inc. BUS 5/16/13 903 Carver Ave. Nueva Vida Inc NP 5/8/13 423 Center Avenue Palmer Medical Supply, LLC LLC 5/1/13 903 Holland Ave Phyllis G. Prince Realty, LLC LLC 5/31/13 150 Hospital Road Pinnishook Technology, LLC LLC 5/17/13 10853 Hwy 395 SMF Consulting, LLC LLC 5/15/13 305 Azalea Drive Wilson Branch Publishing, LLC LLC 5/1/13 31 Terri Drive

Picayune Cherokee Waterproofing, LLC LLC 5/29/13 25640 Karly Drive Construction Management Enterprises LLC LLC 5/31/13 88 North Shimmering Lane Cook’s Country Kitchen LLC LLC 5/9/13 3019 Hwy 43 South Executive Properties, Inc BUS 5/24/13 311 Telly Road Executive Recovery Group of NC Inc

BUS

5/16/13 311 Telly Road Executive Recovery Group, Inc. BUS 5/22/13 311 Telly Road HL&C - BEAU JARDIN, LLC LLC 5/8/13 2001 Hwy 11 North HL&C - McNeill, LLC LLC 5/8/13 2001 Hwy 11 North HL&C - Nicholson, LLC LLC 5/8/13 2001 Hwy 11 North HL&C - PECAN ORCHARD, LLC LLC 5/8/13 2001 Hwy 11 North

HL&C - SALEM, LLC LLC 5/8/13 2001 Hwy 11 North HL&C - The Trace, LLC LLC 5/8/13 2001 Hwy 11 North Lee Interests LLC LLC 5/24/13 23124 Benville Rd Purple Heart Music Group L.L.C. LLC 5/3/13 112 Greenview Dr RX Brick LLC LLC 5/3/13 1 Sycamore Rd Sweet Ts Catering LLC LLC 5/24/13 34 Davis Road Triune Auto LLC LLC 5/21/13 6 Taos LN

Pontotoc Harvest Transport LLC LLC 5/21/13 760 Beech Nut Dr Luther Properties, LLC LLC 5/7/13 299 Wilson Chapel Rd. M & M Dirt Works LLC LLC 5/7/13 2659 Highway 334 Pontotoc Gospel Music Hall, LLC LLC 5/28/13 4701 Highway 9 South The Brittany Store, LLC LLC 5/31/13 226 Shady Lane

Lele’s Boutique-Dba OTH 5/7/13 430 Twisted Oak Cv Stribling Equipment Rental Company LLCLLC

5/21/13

408 Us Highway 49 South

C & L Services LLC LLC 5/7/13 20 Amber Lane First United Pentecostal Church, Sanctuary of Praise Inc. of Poplarville, Mississippi NP 5/2/13 444 North Main St Seek and Save Media LLC LLC 5/28/13 2315 McNeill Steephollow Rd Southern Safety Consulting LLC LLC 5/28/13 283 Whipstock Hollow

Potts Camp Anthony John Grezik DBA OTH 5/14/13 4771 Hwy 178 E. Jeremy Ryan LLC LLC 5/3/13 40 Homan Road Northern Landscape Co, LLC LLC 5/23/13 5145 Potts Camp Road Tony Grezik DBA OTH 5/14/13 4771 Hwy 178 E .

Prentiss LLC 328 Mt. Zion Rd

Purvis Fletcher Meat Logistics LLC LLC 5/3/13 4A Heritage CV Ken’s Electrical & A/C Services LLCLLC 5/29/13 549 Corinth Rd Venadle Consulting, LLC LLC 5/3/13 40 Deep South Lane

Quitman Action Pack and Ship LLC LLC 5/14/13 130 Carter Street Oil & Tire Services, LLC LLC 5/7/13 408 A N Archusa Ave Refuge Holiness Mission NP 5/16/13 906 County Rd 511 Rosie Bumpers Ministries LLC LLC 5/9/13 867 C.r. 290 Pachuta, Ms 39347

Raymond Circle M Farms, LLC LLC 5/15/13 19150 Highway 18 Lady Di Trucking LLC LLC 5/29/13 10626 Midway Rd Lindsey Claire Dance Company LLCLLC 5/8/13 220 Trace Circle Marshall’s Landscape Maintenance, LLC LLC

5/15/13 19150 Highway 18 Neural Dope Entertainment LLC LLC 5/21/13 3449 McFarland Rd

Richland Coalition for a Prosperous Mississippi

5/30/13 120 Monterey Road, Suite A Doc Livingston Farm & Stables LLCLLC 5/20/13 314 Bullock Circle Faith Family Clinic of Kossuth LLC LLC 5/22/13 627 Hwy 49 S, Suite A FFC Properties LLC LLC 5/22/13 627 Hwy 49 S, Suite A Grandmere’s Eats & Treats LLC LLC 5/31/13 120 Oakwood Rd Leah Adams-Dba OTH 5/7/13 430 Twisted Oak Cv

The Meridian at Fondren, LLC LLC 5/9/13 1022 Highland Colony Parkway, Suite 300 The Residence at Ridgeland LLC LLC 5/17/13 301 Highland Park Cove Suite B The Seed of David Biblical Seminary

Ridgeland

5/14/13

10 Canebrake, LLC LLC 5/29/13 1052 Highland Colony Parkway, Suite 100 Apex Right of Way Services, LLC LLC 5/2/13 600 Concourse, Suite 100; 1076 Highland Colony Pkwy B.C.S. Of MS, LLC LLC 5/28/13 220 Nolan Cir. C&H Blades LLC LLC 5/23/13 1923 Lincolnshire BLVD Certus Laboratories, LLC LLC 5/28/13 600 Concourse, Suite 100 Claus Village No. 1 LLC LLC 5/20/13 109 Overlook Pointe Circle Cotton Mill Hotel Group LLC LLC 5/16/13 368 Highland Colony Parkway Desai Investment Group LLC LLC 5/3/13 222 Eastpark Street Devine Enterprises, L.L.C. LLC 5/16/13 715 Rice Rd Apt# 30A Dixie Properties of Mississippi LLCLLC 5/22/131022 Highland Colony Parkway, Suite 101 Done Rite Roofing & Remodeling, Inc

Poplarville

Emonds Kloset LLC 5/30/13 .

August 9, 2013

BUS

5/3/13 1060 East County Line Road E-hance, LLC LLC 5/9/13 618 Crescent Blvd Ste 200 Eclipse Brand Builders, LLC LLC 5/22/13 441 Northpark Dr. Suite A G-hance LLC LLC 5/9/13 618 Crescent Blvd Ste 200 G-Squared Group, LLC LLC 5/9/13600 Concourse, Suite 100, 1076 Highland Colony Pkwy H&A Transport, Inc BUS 5/3/13 317 Holly Lane Healthy.Com LLC LLC 5/17/13 834 Wilson Drive, Suite B Hitson LLC LLC 5/28/13 785 Orleans Circle Hooper-Rogers Analytical, Inc. BUS 5/8/13 604 Wendover Way Hope New Markets 1, LLC LLC 5/8/131076 Highland Colony Parkway, Concourse 600, Suite 100 Hope New Markets 2, LLC LLC 5/8/131076 Highland Colony Parkway, Concourse 600, Suite 100 Hope New Markets 3, LLC LLC 5/8/131076 Highland Colony Parkway, Concourse 600, Suite 100 Hope New Markets 4, LLC LLC 5/8/131076 Highland Colony Parkway, Concourse 600, Suite 100 IKN, LLC LLC 5/1/13 700 Avignon Dr. Suite B Infinite Exposure 3, LLC LLC 5/24/13 217 Draperton Dr., Suite 100 Infusion Web Designs, LLC LLC 5/24/13 340 Arbor Drive Inspect It Like A Girl LLC 5/15/13 236 North Central AVE Jackson Neuroscience Center PLLCLLC 5/3/13 207 West Jackson St Jasper C T LLC LLC 5/17/13 772 Lake Harbour DR STE 6 Los Portales Carniceria LLC LLC 5/9/13 1620 E County Line Rd Apt 13 Mary Kelly, LLC LLC 5/8/13 123 Windrush Dr MedResources, LLC LLC 5/30/13 104 Brookhill Cove Netlink Voice, LLC LLC 5/13/13 1060 E County Line Rd Suiet 3A-330 Popular Tech BUS 5/28/13 800 Ridgewood Road Popular Tech Corporation BUS 5/28/13 800 Ridgewood Road Professional Resources in Information Systems Management, Inc. BUS 5/21/13 441 Northpark Dr. Suite A Quicksold, LLC LLC 5/13/13 1022 Highland Colony Parkway, Ste 101 Radiostics LLC LLC 5/10/13 205 Bellewether Pass Renaissance Holdings, LLC LLC 5/14/13 602 Steed Road, Suite 110 Rise Again Healing Center Church NP 5/14/13 715 Rice Rd 39157 Serge Import, LLC LLC 5/7/13 289 Commerce Park Drive, Suite C Southeastern Realty Holdings, LLCLLC 5/17/13 301 Highland Park Cove Suite B Southern Power Systems, Inc BUS 5/6/13 587 Highland Colony Parkway Tenax ConAir GP LLC LLC 5/7/13 600 Crescent Blvd Ste B

715 Rice Rd 39157

Trace Ridge Apartments of Tupelo LLC

LLC

5/6/13 605 Steed Road Twixo Studios, LLC LLC 5/13/13 1060 E County Line Rd Suiet 3A-330 Underground Irrigation, LLC LLC 5/8/13750 Woodlands Parkway, Suite 209 Ridgeland, Ms 39157 Village Oaks Condominium Association, Inc NP 5/28/13 700 Avignon Drive, Suite C Westover Publishing LLC LLC 5/16/13 338 Hillview Drive Yoder Farms, LLC LLC 5/1/13 613 Sawpine Lane

Ripley All Ready Transportation Systems, LLC LLC 5/31/13 711 Old Blue Mountain Road C&C Body Shop, LLC LLC 5/6/13 5270 Highway 370 C&M Monuments LLC LLC 5/24/13 114 East Jefferson

Robinsonville

Street Sense LLC LLC 5/10/13 20094 West Wortham Rd

Sebastopol The Loop Boutique LLC LLC 5/17/13 1058 North Street

Seminary Farmer’s Village, LLC LLC 5/24/13 57†Carter†Drive Michelle’s Signs and Screenprinting LLC LLC

5/9/13 442 County Farm Rd Quantum Possibilities LLC LLC 5/14/13 91 Williams Rd Wade’s Small Engine, LLC LLC 5/30/13 567 Riels Rd .

Senatobia Baker Information Technology Services DBA OTH 5/20/13 3240 JJ Ranch Rd Eagle Cable Construction Inc BUS 5/8/13 115 Dogwood Dr James Brodie Baker DBA OTH 5/20/13 3240 JJ Ranch Rd Netcasters, Inc NP 5/24/13 329 Tate Street Tate County CrimeStoppers NP 5/24/13 1 Justice Dr

Mississippi Business Journal

Moms Killer Cake Pops LLC LLC 5/29/13 7193 Swinnea Road Suite C My Brother’s Keeper Home Care Solutions, LLC LLC 5/28/13 2774 Church Road E Natural Vending LLC LLC 5/7/13 1978 Enclave Cove Prime XI Investment Group Inc BUS 5/2/13 1261 St. Claire Park R G Contracting, Inc. BUS 5/13/13 2866 Oxford Circle Schaffer Farms LLC LLC 5/14/135740 Getwell Road, Building #9, Ste. A Star Landing Productions, LLC LLC 5/8/13 6928 Cobblestone Drive Suite 100 Taliesyn Homes, LLC LLC 5/8/13 1633 Main St The Barber Institute IncorporatedBUS 5/21/13 1273 Main St Tunica Exxon 2 LLC LLC 5/10/13 187 E Stateline Rd # 4 TV Mount Pros DBA OTH 5/6/13 4239 Man of War Dr Victorious Living Community Services, LLC LLC 5/29/13 1321A Hentz Road ( Pope 38658) WPB Computer Services, LLC LLC 5/16/13 5293 Getwell Road

Starkville

24/7 Mart Inc BUS 5/8/13 13060 Hwy 61 Lizjoun Cleaning Service LLC LLC 5/31/13 1632 S Harrahs Pkwy Ext 5206

Shannon

Belmont Park Owners Association, Inc. NP

BP’s This and That of MS, LLC LLC 5/3/13 945 County Rd 600

Bulldog Uniforms and Accessories DBA LLC

Rolling Fork

Shaw

Rolling Fork Visitors Center & Museum Inc NP 5/23/13 61 Carter Drive

Southern Children’s Network (SCN), Inc NP

Energy Transport Inc. BUS 5/31/13 8207 McNair Rd. NW

Fannie Lou Hammer Foundation NP 5/17/13 660 East Floyce

Smithdale

Sturgis

Three Lawson Rd

Pinetucky Land & Timber LLC LLC 5/10/13 8348 Hwy 21

Bright Farms, LLC LLC 5/15/13 34127 U. S. Highway 49, SE

Silver Creek

Sallis Jumping For Joy, LLC LLC 5/6/13 7428 Highway 429

Saltillo AMI Group, LLC LLC 5/15/13 114 Turner Industrial Park Autumn Hills Subdivision Homeowners Association Inc NP 5/17/13 3930 Pin Oak Court Monarch Investment Properties LLC

5/14/13 Sandlin Company, LLC 5/23/13 Tutor Commercial, LLC 5/15/13 Tutor Holdings, LLC 5/15/13 Tutor Lee, LLC 5/15/13 Tutor Pontotoc LLC 5/15/13 Tutor Union LLC 5/15/13

Martin & Associates LLC LLC 5/16/13 3040 Highway 43 Moore Blueberries, LLC LLC 5/9/13 37 Alton Rd

5/8/13

Sidon

Ruleville

Saucier DMK Properties LLC LLC 5/14/13 20386 Turan Rd Gulf Coast Women for Liberty NP 5/14/13 20141 Esther Road Homeboy Transportation Inc BUS 5/14/13 18154 Oak Drive K. Michael Consulting and Services LLC LLC

5/10/13 17581 Old Highway 49 Lacey Restaurant Group LLC LLC 5/15/13 22199 Red Fox Run Max Remodeling and Trim LLC LLC 5/8/13 21030 B.J. Pittman Rd Office Solutions & Innovations, Inc.

Adams Air Group LLC LLC 5/23/13 6524 Adams Road McCall Fire & Ice, LLC LLC 5/20/13 5874 North Greenberg Road

LLC

273 Cr 521 LLC 138 CR 1946 LLC 146 Drive 405 LLC 146 Drive 405 LLC 146 Drive 405 LLC 146 Drive 405 LLC 146 Drive 405

BUS

5/30/13 1625 Riverline Drive E Rent 2 Own HQ DBA LLC 5/13/13 18365 Diamond Rd Scoes, LLC LLC 5/24/13 24302 Saucier Advance Rd SSH Auto Lease Management Company LLC LLC 5/13/13 18365 Diamond Rd

5497 Ms Hwy 12 West

5/3/13 102 Willow Rd. Classy Sassy Treats LLC LLC 5/17/13 10-5 B Gladney St Colonial Arms Apartments GP, LLC LLC 5/24/13 1600 S. Montgomery St Columbus BWW, LLC LLC 5/17/13 813 Greenbriar St. Graymor LLC LLC 5/8/13 1307 Steele Rd Hauguys LLC LLC 5/17/13 510 S Jackson Street JR & CR Enterprise, LLC LLC 5/20/13 4489 South Montgomery Professional Tractor Services, LLC LLC 5/15/13 104 Lydia Lane RIA Technologies LTD BUS 5/24/13 300 Wst Williamsburgh Street SMART Investments, LLC LLC 5/3/13 102 Willow Rd. Stephanie S. Cash Licensed Manicurist, Nail Technician, LLC LLC 5/23/13 179 State Line Rd

Shuqualak

Roxie

5/28/13

Smithville Cresap Music “LLC” LLC 5/2/13 60005 Pueblo Ave

Southaven 4805 Bethel LLC LLC 5/29/13 187 E Stateline Rd Ste. 4 BLC of MS LLC LLC 5/10/13 3384 Megan BTC Satellite LLC LLC 5/29/13 8620 Oakwood Ln Chris Robinson DBA OTH 5/6/13 4239 Man of War Dr Damare Law Firm PLLC PLLC 5/2/13 5699 Getwell Rd Desoto Lawns & Leaves, LLC. LLC 5/6/13 3254 Earlcastle Drive Desoto Lawns & Leaves, LLC. 5/1/13 3254 Earlcastle Drive Dink’s Transport, LLC LLC 5/16/13 3716 Castle Pointe Dr Florida Home Medical Supply, Inc.BUS 5/13/13775 Golden Oaks Loop West Suite 3 Green Solutions Cleaning Service LLC

LLC

5/24/13 4744 WE Ross Pkwy 56-106 Hollywood & Vine Inc. BUS 5/28/13 5960 Getwell Rd Ste 112 Human Technology Inc. BUS 5/3/13 3330 Goodman Road East J & L Auto LLC LLC 5/9/13 384 Goodman Road Suite 145 Keecode LLC LLC 5/20/13 5564 Gilliland Cove MHR Fuel Inc BUS 5/7/13 187 East Stateline Rd. Suite 4

Popo’s BBQ Inc 5/10/13

BUS 15 Craig Springs Road

Summit Armco Services Inc. BUS 5/9/13 2061 Hwy 98 W Magnolia Cattle Company, LLC LLC 5/3/13 1171 Kenna Road Park Drive Properties LLC LLC 5/30/13 706 Chestnut Southwest Lawn Care, LLC LLC 5/14/13 1008 Timberline Road Summit Event Rentals LLC LLC 5/3/13 3082 Old Brookhaven Rd Xtreme Trucking LLC LLC 5/3/13 2052 Magnolia Pisgah Rd.

Sumrall CBJ Trucking LLC LLC 5/9/13 849 Improve Rd CryCare, LLC LLC 5/30/13 73 Sportsman Lake Road Kenstyn Corporation BUS 5/7/13 4 Aultmn RD Southland Medical Solutions LLC LLC 5/7/13 4 Aultman Rd TLC Rx LLC LLC 5/16/13 755 Scruggs Rd

Sunflower A Cry for a Generation Ministries NP 5/6/13 133 Cypress Acres Lane

Taylor Hale Properties, LLC 5/29/13

LLC 26 Hurdle Lane

Taylorsville Prime Inspection, LLC LLC 5/8/13 2038 Highway 28 West

Terry Alphamar Group Inc BUS 5/3/13 18349 Midway Road Atkins Engineers, Inc. BUS 5/10/13 18349 Midway Road Auld & White Constructors, LLC LLC 5/24/13 18349 Midway Road Construct-All Renovations & Custom Home Builder, LLC LLC 5/15/13 18349 Midway Road Family Fun Entertainment LLC LLC 5/21/13 14355 Midway RD Gray Investments, LLC LLC 5/31/13 15922 Midway Road Hilburn Builders, Inc BUS 5/13/13 18349 Midway Road Kaja Holdings, LLC LLC 5/8/13 18349 Midway Road Klewin Construction, Inc BUS 5/8/13 18349 Midway Road Mid-South Home Care Services, LLC

LLC

5/10/13 18349 Midway Road Providence Healthcare of MS, LLC LLC 5/7/13 118 Levon Owens Drive Velvet Pines Developers, LLC LLC 5/20/13 18349 Midway Road Willowvale Olive Branch, LLC LLC 5/23/13 18349 Midway Road

Tishomingo On Call Transportation, Inc BUS 5/13/13 117 E County Road 2260

Toomsuba Castaways Unlimited LLC LLC 5/17/13 5652 Dogwood Drive

Tupelo 1108 Maxwell, LLC LLC 5/6/13 336 N. Green Street (38804) 121 Industrial, LLC LLC 5/6/13 336 N. Green Street (38804) 1216 Houston, LLC LLC 5/6/13 336 N. Green Street (38804) 1225 Houston, LLC LLC 5/6/13 336 N. Green Street (38804) 1308 Lawhon, LLC LLC 5/6/13 336 N. Green Street (38804) 1602 Trice, LLC LLC 5/6/13 336 N. Green Street (38804) 1613 Clayton, LLC LLC 5/6/13 336 N. Green Street (38804) 920 Taylor, LLC LLC 5/6/13 336 N. Green Street (38804) Bootleggers Inc BUS 5/6/13 4107 Westside Drive Bossman Construction, LLC LLC 5/31/13 2844 Traceland Drive Cleveland Medical Solutions LLC LLC 5/8/13 161 Valley Vista Drive Go Green Travel, LLC LLC 5/20/13 1811 West Main St Suite C Grandiose Muzic LLC LLC 5/10/13 1534 S Feemster Lake Rd #18 Griffin of Mississippi, LLC LLC 5/20/13 111 Bentley Ave. Gritz LLC LLC 5/23/13 2355 N. Laurelwood Lane Hodges, Pilgrim & Company, PLLCPLLC 5/29/13 1041 Cliff Gookin Blvd JAJ Grassroots Consulting Firm LLCLLC 5/24/13 3386 Kimbrough Ave Jenuine Playa Clothing LLC LLC 5/24/13 3386 Kimbrough Ave Kenney Property Holdings, LLC LLC 5/15/13 2221 Jaggers Rd KZ Properties LLC LLC 5/24/13 2845 Southland Dr. Local Leasing, LLC LLC 5/23/13 502 Crossover Road M.M. Satterfield Oil Co. BUS 5/22/13 363 North Broadway St. Moore’s Kitchen LLC LLC 5/9/13 215 North Church Street OptimComfort, Inc. BUS 5/14/13 216 Troy Street Prophet Samuel & the Knox Family Ministry NP 5/9/13 931 South Gloster St Rm #129 QP Enterprises LLC LLC 5/3/13 722 A Robindale Dr Rinehart Green LLC LLC 5/3/13 753 Westmoreland St

JUNE UNEMPLOYMENT

24 I Mississippi Business Journal I August 9, 2013

MISSISSIPPI’S JUNE UNEMPLOYMENT FIGURES

DeSoto 7.3

Labor force and employment security data STATE OF MISSISSIPPI Labor Force Data Civilian Labor Force Unemployed Unemployment Rate (Adjusted) Unemployment Rate (Unadjusted) Employed UNITED STATES Labor Force Data Civilian Labor Force Unemployed Unemployment Rate (Adjusted) Unemployment Rate (Unadjusted) Employed

June ‘13 1,317,100 128,400 9.0 9.7 1,188,700

June ‘13 157,089,000 12,248,000 7.6 7.8 144,841,000

STATE OF MISSISSIPPI Unemployment Insurance Data •• Initial UI Claims Continued Claims Beneﬁts Paid Weeks Paid First Payments Final Payments Average Weekly Beneﬁt

May ’13 1,308,200 121,200 9.1 9.3 1,187,000

May ’13 155,734,000 11,302,000 7.6 7.3 144,432,000

June ’12 1,347,000 134,000 9.2 10.0 1,213,000

June ’12 156,385,000 13,184,000 8.2 8.4 143,202,000

’12 Avg. 1,333,100 122,100 XXX 9.2 1,211,000

’12 Avg. 154,975,000 12,506,000 XXX 8.1 142,469,000

Tunica 13.8

Tate 10.3

May 2013 16,224 97,411 $13,603,380 73,638 4,876 2,142 $184.73

Lafayette 8.2

Yalobusha 10.0

Tallahatchie 12.7 Bolivar 11.5

Calhoun 10.9

Tishomingo 10.5

Leflore 14.0

Carroll 9.2

Montgomery 13.0

Humphreys 16.1

Holmes 18.9

Yazoo 12.5

Issaquena 16.8

Lowndes 10.6

Oktibbeha 11.1

Choctaw 10.7

Winston 13.0

Attala 11.6

Sharkey 11.6

Monroe 13.0

Clay 20.1

Webster 13.5

Washington 15.6

Itawamba 9.8

Chickasaw 12.6

Grenada 10.1

Sunflower 15.0

Lee 8.9

Pontotoc 8.9

Quitman 15.0

Coahoma 14.6

Moving Avg.** 155,341,000 12,074,000 XXX 7.8 143,267,000

** Average for most recent twelve months, including current month •• Unemployment Insurance amounts presented in this section only represent regular UI beneﬁts, federal program amounts are not included. Labor force amounts are produced in cooperation with the Bureau of Labor Statistics. Note: Unless indicated state and county data presented are not seasonally adjusted.

Alcorn 8.8

Tippah 11.5

Union 7.6

Moving Avg.** 1,326,200 122,400 XXX 9.2 1,203,800

June 2012 12,041 116,605 $16,258,663 88,515 6,211 1,953 $183.68

Benton 12.7

Prentiss 10.3

Panola 12.5

Leake 11.5

Neshoba 7.4

Scott 7.5

Newton 9.1

Noxubee 16.7

Kemper 15.2

Madison 7.3 Warren 11.2 Rankin 5.5

Hinds 8.9

June 2013 10,514 115,550 $14,905,187 80,209 5,475 1,746 $185.83

Marshall 12.4

Claiborne 17.6

Copiah 10.2

Jefferson 19.9 Adams 10.3

Franklin 10.6

Wilkinson 12.2

Amite 11.2

Lincoln 9.7

Pike 11.4

Covington Jones 8.1 7.1

Walthall 12.3

Marion 11.0

5.5 - 7.3 7.4 - 11.0 11.1 - 16.7 16.8 - 20.1

Lamar 6.9

Forrest 9.5

Perry 10.2

Stone 8.6

Pearl River 9.5

Hancock 9.0

Clarke 11.7

Wayne 11.8

Lawrence Jeff Davis 11.0 12.7

Unemployment Rates Unem

— Mississippi Department of Employment Security

Jasper 11.1

Smith 9.1

Simpson 8.0

Lauderdale 9.9

Harrison 9.0

Greene 12.1

George 11.6

Jackson 9.9

Source: Labor Market Data Publication June 2013 Design: Labor Market Information Department, MDES

INCORPORATIONS Saltillo 45, LLC LLC 5/20/13 210 East Main Street Stable Talent, LLC LLC 5/20/13 353 N. Green Street Tallahatchie Holdings, LLC LLC 5/30/13 105 South Front Street Triple a Service Inc BUS 5/9/13 230 Rd 1682 Vision Ministries of Tupelo MS NP 5/7/13 2309 Evergreen Street WYND Events Center LLC LLC 5/9/13 1604 W Main St ZIBIDU LLC LLC 5/9/13 1601 West Main St Ste G

Tylertown TFS Transport LLC LLC 5/14/13 6 Leonard Holmes Road

Utica Aquaponics of Mississippi NP 5/1/13 2440 Worrell Rd Unfettered Clay LLC LLC 5/21/13 1540 Adams Lake Road Wilson Drywall LLC LLC 5/23/13 5593 Chapel Hill Rd

Vaiden CRC Health Care Systems LLC LLC 5/24/13 49406 Hwy 430

Vancleave Gartman Title Service, LLC LLC 5/16/13 11988 Hwy 57, Suite a Mulligan Brothers LLC LLC 5/10/13 14089 Oakview Circle Sick ATV, LLC LLC 5/29/13 18525 Hwy 57 Veterans Land Holdings, LLC LLC 5/3/13 6613 Juniper Drive

Vaughan D-K Oilfield Consulting, LLC LLC 5/29/13 8132 Wildwood Road Dab Farms LLC LLC 5/28/13 261 Bennett Rd

Vicksburg 10South Rooftop Bar & Grill, LLC LLC 5/14/13 4223 I-20 Frontage Road BooTee Ball LLC LLC 5/13/13 727 Fort Hill Drive

Case Contracting, LLC LLC 5/6/13 2703 Old Hwy 27 Davis Lawn Service LLC LLC 5/29/13 108 Estelle Dr Just Hair Beauty Supply LLC LLC 5/3/13 3046 Indiana Ave Maximillion Concept LLC LLC 5/3/13 1629 Crawford St. MRG Properties L.L.C. LLC 5/29/13 32 Old Mt. Alban Road Palmer Property Maintenance LLC LLC 5/10/13 1990 S Frontage Road Ste D Pipeline Towers, LLC LLC 5/20/13 4223 I-20 Frontage Road Riverview Behavioral Health LLC LLC 5/15/13 1905B Mission 66 Suite 4 T & K Ice Cream and Snacks LLC LLC 5/22/13 107 Greenview Drive The Master’s Plan Ministries “Church At The Mall”, Inc. NP 5/6/13 3505 Pemberton Square Blvd Water Management Solutions, LLCLLC 5/17/13 4325 Shenandoah Road

Walnut Grove

Walnut

Carbo’s Charters, Rentals and Sales, LLC LLC

TK Fitness LLC 5/22/13

LLC 16 CR 742

Morgan N Son Lawn Service LLC LLC 5/14/13 312 Phillips Circle

Water Valley Clarksdale Physical Therapy Association Inc. BUS 5/6/13 8151 Highway 7 Dependable Machine, Inc BUS 5/13/13 1560 Cr 109 The Caboose Boutique, LLC LLC 5/10/13 202 Cr 99 Tri Lake Properties, LLC LLC 5/24/13 2543 County Road 214 Union Hill C M E Church NP 5/24/13 3630 County Road 225 Wiley Properties & Rentals, LLC LLC 5/15/13 203 Wagner Street Wiley Sawmill, LLC LLC 5/15/13 203 Wagner Street

Waveland 5/15/13 705 Birch Street Concrete Service LLC LLC 5/20/13 904 Highway 90 Hughes Consulting Group LLC LLC 5/30/13 751 N. Beach Blvd.

Slicksticks LLC 5/16/13

LLC 904 Carroll St

Waynesboro Closet Couture LLC LLC 5/31/13 1310 Briarwood Drive Kent Blueberry Farm, LLC LLC 5/28/13 506 Wayne Street PAST LLC LLC 5/23/13 511 Spring Street WC III Consulting, LLC LLC 5/21/13 62 Cran Drive

Whitfield Carolyn V Tingle, M.D., LLC LLC 5/21/13 3550 Highway 468 West

Wesson Deborah’s House 5/15/13

Plant & Animal Insights, LLC LLC 5/28/13 103 East Broad Street Ronnie Moore Properties, LLC LLC 5/2/13 103 East Broad St. S & S Farms of Prairie, LLC LLC 5/31/13 103 East Broad Street Southern Precision Welding Inspection LLC LLC 5/14/13 2284 East Main St WestStar Business Solutions, LLC LLC 5/21/13 2030 Snowdoun

NP 1132 E. Railroad St

West Point Absolute Perfection LLC LLC 5/6/13 703 Meadow Lane Gandy Construction LLC LLC 5/28/13 165 Wyman Dr. Hicks, Helveston & Smith, LLP LLP 5/28/13 103 East Broad Street KBJ, LLC LLC 5/13/13 103 East Broad Street

Wiggins Back Forty Land Co., LLC LLC 5/20/13 444 Highway 29 St. Joseph Hospice of Southern Mississippi, LLC LLC 5/28/13 115 West College Avenue

Wilmington Capitol GP Corporation 5/10/13 2711 Centerville Road Firchburg GP Corporation 5/10/13 2711 Centerville Road

Woodland Montgomery Construction LLC LLC 5/14/13 369 County Road 84

Woodville Bolden Logging & Trucking LLC LLC 5/16/13 83 Ford Street Get Notary Now LLC LLC 5/2/13 1488 Hwy 61 S Triple I of Woodville, LLC LLC 5/13/13 234 Sligo Street Wellshare America 5/14/13 3237 Buffalo Rd Wellshare America NP 5/14/13 3237 Buffalo Rd

Yazoo City Double M Trucking, LLC LLC 5/2/13 217 Eden Main St Fantamare Productions LLC LLC 5/8/13 322 West 13TH ST Specialty Contractors, LLC LLC 5/8/13 2429 Ridge Road Stop N Go Mini Mart, Inc. BUS 5/22/13 450 Shady Dr

August 9, 2013

Mississippi Business Journal

» MISSISSIPPI LEADERS by Martin Willoughby

Help along the way Gunnoe grabs opportunity

s I interview leaders across the state, it is always interesting to hear about the people who played a role in shaping and developing these leaders. I have great respect for those who invest in the life of others. It creates a ripple effect. When I was in college at Millsaps, my family fell on some financial hard times, and I was considering switching schools to complete my education. However, a family friend secretly provided a scholarship that allowed me to finish my degree. I did not find out about this until years later, but it had a profound effect on me. Paul D. Gunnoe, chairman of Gunnoe Investment Group, L.P., and CEO of Ortho Kinematics Inc., similarly had someone alter the course of his life. Gunnoe grew up in Austin, Texas, but his mother was from South Mississippi so he spent considerable time as a child coming to the state. After high school, he played football at Sierra Nevada College in northern California. Gunnoe shared, “After Sierra, a Mississippi businessman who I had the great fortune of meeting, took me in, realizing that I was a young man who was just looking for an opportunity.” Bobby Dunlap of Dunlap & Kyle offered him a scholarship to the University of Mississippi. Gunnoe had the opportunity to take a walk-on position to play football, but he decided it was time to concentrate on academics and what

Up Close With ... Paul D. Gunnoe Title: CEO, NewSouth NeuroSpine Favorite Books: The Bible; Steve Jobs by Walter Isaacson; Undaunted Courage by Stephen Ambrose; any historical fiction First Job: “Mowing lawns in my neighborhood, pumping gas at the gas station up the street.” Proudest Moment as a Leader: “NewSouth NeuroSpine being named as one of Mississippi’s Best Places to Work in 2012, and changing a previous company’s turnover rate from 150 percent a year to less than 20 percent a year, and recognizing the financial results — from negative earnings to positive earnings during that two-year period.” Hobbies/Interests: “I enjoy walking with my friends at night, visiting my grown-up kids (four total), who now live in different parts of the country and reading.”

he was going to do after college. After graduating from Ole Miss with a B.S. in biology, he attended nursing school at Pearl River Junior College in Poplarville. While working as a travel nurse, he began assisting several staffing companies in recruiting and filling their staffing orders for hospitals. Shortly after that, Gunnoe and his wife started their first health care staffing company. Through acquisition and organic growth, they created one of the three largest health care staffing entities in the country.

They also branched out into purchasing hospitals as well as developing health care software systems focused on various health care needs such as vendor management systems used in stafﬁng and credentialing. After a successful exit of his business, he founded Gunnoe Investment Group, which focuses on health care companies, start-ups, turnarounds and acquisitions. Mr. Dunlap, who built one of the largest tire companies in the country, also taught Gunnoe the core principle of providing the

“The greatest leader is the greatest servant.” Paul Gunnoe

best customer service possible. Gunnoe said, “His success truly is an example of how always treating people (employees & customers) right and fair will pay off a million times over.” He Martin Willoughby also noted the influence of his parents who taught him to finish everything he started, to always do the right thing, lead by example and treat people as you want to be treated. As a person of faith, Gunnoe’s personal leadership philosophy comes from the Bible. He believes, “The greatest leader is the greatest servant. A leader’s duty is to serve those he/she leads and provide them the tools and opportunities to be successful.” Today, Gunnoe and his family live in Oxford, and he continues to apply his principles to grow and build businesses. In addition, Gov. Phil Bryant recently appointed Gunnoe to the state of Mississippi Medical Care Advisory Committee. While Gunnoe certainly would have been a success in life whatever he went, Mississippians certainly have Mr. Dunlap to thank for pointing Gunnoe’s entrepreneurial energy towards building companies here in Mississippi. Perhaps the next time you see a young person with real potential, you may want to consider making an investment in their future. You never know the how far and wide the impact may be. Martin Willoughby is a business consultant and regular contributing columnist for the Mississippi Business Journal. He serves as Chief Operating Officer of Butler Snow Advisory Services, LLC and can be reached at martin.willoughby@ butlersnow.com.

CEO, NewSouth NeuroSpine

WW II female spy's true story is better than ﬁction

O » The Spy Who Loved - The Secrets and Lives of Christine Granville By Clare Mulley Published by St. Martin's Presse $26.99 hardcover

ver and over we're reminded that truth is often stranger than fiction; many times more interesting, too. This book could be fictitious but it isn't. Female spies were prevalent in World War II and by numerous accounts performed admirably. Christine Granville is credited with being Winston Churchill's favorite spy, and a highly decorated one. The daughter of a Polish aristocrat and his wealthy Jewish wife, Granville — described as a flaming Polish patriot, expert skier and great adventuress — made her way to London from South Africa just weeks after Hitler's forces invaded Poland in 1939. She volunteered her services to the British war effort. One of her most daring exploits was skiing into Poland through the Carpathian Mountains. She accomplished this feat and

much more, delivering supplies, gathering vital intelligence and defying expectations. Granville was raised to be a sedate society wife, but her bravery, intelligence and flair for languages proved valuable. She was credited with saving many lives, including one of her many lovers just hours before he was to be executed by

the Gestapo. She served in Egypt and parachuted into occupied France. Sadly, her quick wit and bravery did not protect her from a jealous lover after the war. She was murdered in 1952 by an obsessed colleague in a hotel in South Kensington. Now this amazing woman's story is being told in a thrilling and passionately-written account. Publishers Weekly said, "Mulley gives a remarkable, charismatic woman her due in this tantalizing biography." Salon's reviewer wrote, "Better than a James Bond novel... the most frank and comprehensive tribute yet to Christine... a thrilling account." Clare Mulley is an award-winning author of two other biographies and a contributor to The Arvon Book of Writing.

— Lynn Lofton, mbj@msbusiness.com

“Mulley gives a remarkable, charismatic woman her due...”

Publishers Weekly

26 I Mississippi Business Journal I August 9, 2013 Photos by Stephen McDill / MBJ

SMALL BUSINESS SPOTLIGHT: Little Big Store LEFT: Built around 1889, the historic Raymond railroad depot on the old Yazoo and Mississippi Valley line is one of the few depots in the country that actually doubles as a small business. RIGHT: Little Big Store owner Betty Strachan bought the old depot and moved in on Valentine’s Day 1993. She proudly displays her certificate from the National Register of Historic Places inside the store.

Vinyl Queen » Historic train depot in Raymond is a musical mecca By STEPHEN McDILL I STAFF WRITER stephen.mcdill@msbusiness.com

etty Strachan may never be “on the cover of the Rolling Stone” as the catchy Dr. Hook song goes, but she would definitely love the chance. As the owner of the Little Big Store music shop in Raymond’s historic train depot, Strachan is a gatekeeper of music nostalgia, a curator and authority on some of the past century’s most classic and unforgettable tunes and artists. From 45/78 LPs and 8-tracks of Johnny Cash and The Carpenters to cassette tapes and CDs of Whitney Houston and Aerosmith, the Little Big Store has something for every ear. “I thought I’d never run out of space when I moved in here. I have a whole train depot and I’m out of space,” Strachan says. There’s literally thousands of albums stacked ceiling-high and wall-to-wall in multiple formats and Strachan says she has no way of knowing how much she has or

Shop Details ...

THE LITTLE BIG STORE Address: 201 East Main Street, Raymond Hours: Monday, Friday-Saturday 10 AM-5 PM, Sunday 1 PM-5 PM Phone: (601) 857-8579 Website: littlebigstore.com what it is all worth. Speaking of the Rolling Stone, if customers duck their head in the right cranny they can find a whole shelf of archived copies of the popular music magazine, wrapped in plastic and dating all the way back to the 1980s. Bob Dylan blares from the ceiling on a muggy Monday afternoon as Strachan prices a new pile of records that a customer has brought in to sell. Using a lamp to check for wear and tear, she picks out what she wants and scratches numbers on a scrap of paper. Jewelry, incense and other knickknacks line the counter.

“Perseverance and determination beat the heck out of intelligence,” she says. “I plan on working till I’m dead.” The old price guides on the shelf behind her counter are worthless; Strachan sets most of her prices based on the going rates floating around the Internet. Most vinyl LP records run between $8 and $12 an album. Strachan’s most recent snag was a first press recording of “Da Doo Run Run” from the Crystals that will fetch $200. Originally from Modesto, Calif., Strachan came to Mississippi in 1976. She opened the Little Big Store in 1981 without any money and sold merchandise from the Mississippi Craftsmen Guild to pay rent and build up revenue. “MTV started and people had a lead on what was happening nationwide, the music and fashion,” she says. Music lovers also starting dumping their records in favor of the new CD formats. “All this beautiful vinyl that I can’t get anymore... I just bought it,” Strachan says. “That time it was thought to be low-tech and worthless.” The original store was on County Line Road in Jackson but after a break-in and insurance difficulties, Strachan moved down Mississippi 18 to Raymond. “It has hurt me business-wise because inner city people will not drive to Raymond,” she says. “A lot of people don’t even know I’m existing.” Strachan recently shipped an online order to a customer in Spain but also filled one for another customer in Ridgeland, just one county away. While it hasn’t been her first, Strachan says getting through the last recession was her biggest challenge yet. “I cut my advertising but now I’m coming back,” she says. “People will consistently spend on entertainment. In the Great Depression they spent money on movies just to have a little bit of entertainment.” Vinyl records are also making a miraculous comeback. “A lot of record stores went out of business across the country. Now, they’re coming back with a vengeance,” Strachan says. Popular retailers like Best Buy, Target and Brookstone are selling compact record play-

ers for a new generation to drop the needle on an old technology. Recoiling at the notion that her records “hiss or pop” Strachan is adamant that true record aficionados aren’t after her merchandise in some shallow retro way. Her customers are looking for the best in analog sound that hasn’t been ravaged by time or technology. Her restored vintage record players sell like hotcakes. The great differences between analog and digital sound is something only audiologists and musicians probably fully appreciate. While “Hotel California” might sound great all polished and re-mastered on a CD, Strachan says its the old LP records that have that distinctive mellowness that can really pull a listener in. The sound signatures, for instance, from CDs have a very choppy bracket-like readout while the signatures from analog formats roll up and down in wavy patterns, according to Strachan. Having an LP also is more personalized: You get artwork and information on all the people behind the scenes from the musicians to the engineers. “Its not like a download where you get nothing,” Strachan says. Many of those same customers that gave away the records in their attic come into the Little Big Store wanting to buy them back. “If they’re into vinyl they are going to come out here and stay all day and take a lot with them,” Strachan says. “I keep hoping (Led Zeppelin singer) Robert Plant’s going to stop in because he loves vinyl. If he does... I would just keel over. I’m sure he has that effect on people.”

SALES MOVES

August 9, 2013

Mississippi Business Journal

» JEFFREY GITOMER

Like me! Why should I like you? Eh, I have no idea!

f you can remember that far back in Facebook history (2007), it started as a “fan” page. Then one day (way back in 2010), out of the blue, Facebook decided to change it to a “like” page. Why did they change it? Here’s their reason: “To improve your experience and promote consistency across the site, we've changed the language for Pages from “Fan” to “Like.” We believe this change offers you a more light-weight and standard way to connect with people, things and topics in which you are interested.” Huh? Oh, that’s corporate-speak. What it really means is to create a business page where your customers or fans can go and interact. Kind of like what it was. REALITY: It’s hard to make fun of the thirdlargest country in the world, so everyone went along — me included. And then the begging began. PLEASE LIKE ME! Or LIKE US ON FACEBOOK! The signs were everywhere. Still are. And many people did: Zappos – 833,000 likes Elvis – 8.5 million likes Lady Gaga – 53.5 million likes Chevrolet – 1.9 million likes Tesla – 234,000 likes Jeffrey Gitomer – 35,451 likes (Not bad. But

WISEMAN

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best, but rail transportation was accessible by nearly every town in the state. All of the activity generated by these hubs of commerce made for a fairly stable and often tranquil environment. Indeed, this ability to make a living and to contribute to a healthy community life that contained schools, churches, hospitals and doctors and many other accoutrements of community life contributed mightily to a sense of place in Mississippi’s small towns. Compared to the tasks facing today’s municipal officials this bygone era must seem like the good ole days. Nowadays, the bank (or banks) in town is most likely a branch of a regionally-held and controlled bank with a catchy well-researched name having nothing to do with the place where it is located. In many locales Wal-Mart has consumed the trade that once darkened the doors of the family-owned establishments. Where else can you get motor oil, a television, lingerie and bologna in the same store? The descendants of our dairy cows can all be found in west Texas and southern New Mexico and Arizona. The railroad tracks are now being converted to walking trails. The globe has indeed shrunk and the global economy has landed on the front steps of city hall in every little town in Mississippi. The new era of manufacturing is putting intense pressure on local schools to prepare students in ever advancing disci-

not as many as I would like. I try to give people a reason to like me, rather than just ask.) What about your business? Who is liking you? And why? What’s the reason customers would like you beyond the beg? Want more “likes”? Consider the process, not just the ask. Asking for a like gives me or anyone else little or no incentive to do so. Can you imagine this conversation, “Honey, as soon as we get home, let’s like them.” No, not gonna happen. Here are a few thoughts to get your mind wrapped around the “like” process and help you understand how to attract and earn more of them: • Maybe remind people WHY they like you. If you love our service, share the love on Facebook. Facebook.com/yourbusiness THANK YOU! • What’s to like? Ask yourself WHY people like you and talk about that. • Where’s the value? Like me — and my 10 best ideas for summer weekend getaways will be yours! • Where’s the one on one? Interacting with customers one-on-one will get people talking about you on THEIR Facebook page, and liking you. • Maybe if you LOVE me, then you’ll be more likely to like me. Your passionate customers are the ones who will like you. • Maybe if you’re LOYAL to me, then plines of science, technology, engineering, and math (STEM). National chain stores in spacious shopping centers are changing the appearance of Main Street. Four-lane highways leading in all directions give many the option of spending their money elsewhere. In government, national legislation such as “No Child Left Behind,” “Obamacare” and various Environmental Protection Agency regulations all remove local discretion over these and many other activities from the hands of local decision-makers. Indeed, it is a changed world. It is clear that municipal officials in Mississippi’s towns feel the urgency of standing in the gap for the citizens who put them there. There is one major thing that they have going for them in their efforts to maintain local viability: That is the tremendous sense of place that anchors Mississippians to the towns they call home. These sentiments are powerful and they are difficult to quantify on any sort of academic survey, but they are indeed real. Every citizen of these precious towns and the officials who they chose to represent them owe it to each other to shoulder the load in striving to keep pace in a fast-moving world. The livelihood and the legacy contained in these hometowns are too important to lose. Dr. William Martin Wiseman is director of the John C. Stennis Institute of Government and professor of political science at Mississippi State University. Contact him at marty@sig.msstate.edu.

you’ll be more likely to like me. The customers who buy from you over and over are the ones who will like you. STRATEGY: Instant like in your store or place of business. DO IT NOW! Where’s your iPad? Why Jeffrey Gitomer aren’t you asking people to sign in at your cash register or welcome counter and like you on the spot? I mean really, do you think your customers head home and say: “I really gotta ‘like’ the dry cleaner as soon as I walk in the door.” Not likely. STRATEGY: Smartphones can improve like. Ask customers to like you at the register. Give a coupon. Okay, so they like you. THEN WHAT? Like is a one-time click, what’s my reason to post, interact, and return? STRATEGY: Instead of just asking people to like you, ask them to tell you WHAT they like — or WHY they like it. Or better, why they like YOU. Get people to post something, not just click a button. Expand the like so that others can see your value and your reality. The value of like is undeniable. Lots of people liking you gives peace of mind to new and prospective

customers. Like is proof — social proof that you are “safe” to do business with. Like is a vote of confidence to the business, not just other customers. Like is a source of pride and affirmation of self-worth. Like is reputation building. PLAN A STRATEGY. You now have some additional awareness of both the value and the strategy of “like.” If you invest a few hours with your team, and maybe an outside professional (we use onecocialmedia.com)… 1. You’ll attract more people 2. You’ll become interactive with them 3. You’ll make more sales. That I guarantee you’ll like. Jeffrey Gitomer is the author of “The Sales Bible”, “Customer Satisfaction is Worthless” “Customer Loyalty is Priceless”, “The Little Red Book of Selling”, “The Little Red Book of Sales Answers”, “The Little Black Book of Connections”, “The Little Gold Book of YES! Attitude”, “The Little Green Book of Getting Your Way”, “The Little Platinum Book of Cha-Ching”, “The Little Teal Book of Trust”, “The Little Book of Leadership”, and “Social BOOM!” His website, www.gitomer.com, will lead you to more information about training and seminars, or email him personally at salesman@gitomer.com.

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