INSIDE — Obama pushes more oil production, like through the Kemper Coal Plant
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December 27, 2013 • Vol. 35, No. 52 • $1 • 12 pages
MILITARY AND BUSINESS COOPERATION
Jane Alexander The Community Foundation of Greater Jackson is a great resource for this state. CEO and President Jane Alexander is the type of leader to help continue its growth and development.
More, P 11
Around town {P 4} » Mississippi communities can do asset development Column {P 4} » LOOME: Let’s have an honest conversation about education Inside Biz {P 5} » Raymond design studio branches out to Coast
TESTING DRONES Inside Biz {P 2} » Teaching economic education to youth throughout Mississippi
Camp Shelby takes on new areas of expertise » Page 2 NEXT WEEK: An MBJ FOCUS
TAXES & THE IRS What’s new for the new year
2 I Mississippi Business Journal I December 27, 2013 MILITARY AND BUSINESS
Camp Shelby looks to future in cyberspace, drones By LISA MONTI I CONTRIBUTOR mbj@msbusiness.com
As Camp Shelby’s role as the National Guard’s largest mobilization center is winding down, its leaders are focusing now on a future in cyberspace and drones for the facility. Camp Shelby will be in the center of a research project just getting under way that will bring together the Army, Navy, Air Force and Department of Homeland Security to figure out the most efficient use of open source software for their unmanned aircraft systems. It’s quite a leap for the historic Forrest County facility. “Camp Shelby has been here for almost a century,” said Lt. Col. Rick Weaver, the operations officer. “We were built on tanks and Howitzers and now we’re looking at the realm of cyberspace and the UAS market.” A study in July by the Government Accounting Office urging agencies with unmanned aerial vehicles to share their best practices using open source systems prompted the research effort. The government’s unmanned vehicles represent an industry valued at more than $8 billion. On Dec. 13, the multi-agency program was launched at Camp Shelby’s Joint Forces Training Center. Col. William “Brad” Smith, Camp Shelby’s commander, noted that the Open Source Unmanned Remote and Autonomous Vehicle Systems (OS-URAVS) is one of the first efforts to bring together unmanned vehicles technology with open source software. Camp Shelby’s size, location, infrastructure and working relationships with various agencies as a Joint Forces
Training Center were among the reasons it was selected for the program, Smith said. The Open Source Software Institute, a trade group headed by Hattiesburg resident John Weathersby, is coordinating the program, which begins with a year long research phase. The Defense Acquisition University, which teaches people how to navigate the Department of Defense’s purchasing process, will conduct the research program. “We asked DAU as a neutral third party to come in and help answer questions the GAO report stated,” Weathersby said. “Ultimately the goal is to have DAU clearly define what benefits the open software is to the government.” He said participants from the Defense Department and Homeland Security are most interested in bottom line results from the software used in their different unmanned vehicles. Weathersby founded the Washington-based trade association in 2000 to promote the adoption of open software with federal, state and local governments. “We have been working with all levels within the Department of Defense and with the Department of Homeland Security,” he said. He said OSSI helped craft the Navy’s open source policy which led to the DoD’s policy. Weathersby said open source software has no license fees and can be freely shared, customized and distributed. Google and Amazon are based on open source software, he said. “Camp Shelby is one of the most unique facilities in the
government because it is a certified unmanned vehicle flight center, the only one in the National Guard,” Weathersby said. “They are being set up as a command and control structure for this research project and it will have participants from all over the world. The folks at Shelby will have the opportunity to see the big picture and be able to identify other opportunities. From the business side, the UAV is a huge commercial market that is pent up right now.” The military marketplace is huge and Camp Shelby will be “a significant player in the market,” Weathersby said. “It’s one of the few places you can come to test unmanned systems and train. They’re already moving in that direction.” Weaver said with the mobilization role winding down, “OSSI is a very good fit for us.” He said as the home for the unmanned flight facility that trains all National Guard soldiers, “having that school with the software side is a perfect fit for us.” The facility is under construction but training of soldiers from all states and U.S. territories including some active duty soldiers has been under way. “We’re building bench strength.” Said Weathersby, “This is one of several similar projects we’re planning on rolling out at Shelby over next year few years. Weathersby said in along with the ongoing research, Camp Shelby will be recruiting commercial customers to use the military’s training facility for testing their unmanned vehicles and their pilots. “We need to reach out and tell them this place is open for business,” he said.
TEACHING MORE ON ECONOMIC EDUCATION A team of middle school students from Columbus, Mississippi are ready to serve as trade ambassadors in our global economy. They have the certificate to prove it. Coached by Columbus Middle School teacher, Sylvia Collins, this team and other teams from Columbus loaded up on a bus at 5 am to make the three hour trip to Clinton, where they represented Canada at the International Economic Summit earlier this month. They took home the title of Summit Champs. Preparing for and participating in the International Economic Summit is just one of many ways the students of Mississippi are becoming economically literate. The Mississippi Council on Economic Education provides professional development for teachers on international economics, who then implement the curriculum in their classrooms. Teachers and their students have the opportunity to compete annually at a statewide Summit held at Mississippi College in Clinton. This competition is in its fourth year and has drawn as many as 650 students to the event. How many middle school students do you know that can tell you what GDP means (Gross Domestic Product)? Or can intelligently explain imports, exports and tariffs? Each of the 150 students that participated in the 2013 International Economic Summit have this ability. The International Economic Summit simulates world trade among nations, with as many as sixty student teams competing. The event is structured like a model United Nations, where each student team represents a different country. The students spent weeks getting
Special to the MBJ
The winners from the Summit Champs event.
ready, researching their assigned country’s economy, political structure, imports and exports, natural resources, infrastructure needs, and other strengths and weaknesses. These “economic advisers” came to the event with specific strategies in mind, prepared to negotiate and trade their way toward improving the standard of living within “their country.”
The MS Council on Economic Education has offered this event annually since 2010. This year it was sponsored by the Mississippi Geographic Alliance, Entergy of MS, State Farm Insurance and The College Knowledge Project, a higher education initiative of the MS Institutions of Higher Learning funded by the US Department of Education’s College Access Challenge
Grant program. Support was given by Mississippi College, BancorpSouth and Security Ballew, Inc. A learning event for middle and high school students, student teams representing the nations of today’s complex world, compete for scarce resources, form strategic country alliances, debate global issues, invest in long term development projects, interact with global economic institutions, and seek to stabilize and advance the global economy. The more immediate benefits of the program include meeting state educational standards in economics, building bridges between schools and universities, and motivating students to expand their educational goals and aspirations, specifically college completion. Participation in this event makes the rest of the world real to students in Mississippi who are likely to have not traveled to other states much less other countries. Businesses wanting to be involved in this program during 2014 are encouraged to contact the MS Council on Economic Education. The 2014 International Economic Summit is tentatively planned for December 2, 2014. Support from organizations interested in the global economy will allow the MS Council on Economic Education to provide professional development for a new cohort of teachers and to provide the Summit to students at no cost to them or their school. Together we can create a generation of adults with knowledge on how to compete in the global economy. » Selena Swartzfager is president of the Mississippi Council for Economic Education. She can be reached at swartsc@millsaps.edu.
December 27, 2013
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Mississippi Business Journal
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ENERGY
To clean up coal, Obama pushes more oil production The Associated Press DE KALB — America's newest, most expensive coal-fired power plant is hailed as one of the cleanest on the planet, thanks to government-backed technology that removes carbon dioxide and keeps it out of the atmosphere. But once the carbon is stripped away, it will be used to do something that is not so green at all. It will extract oil. When President Barack Obama first endorsed this "carbon-capture" technology, the idea was that it would fight global warming by sparing the atmosphere from more greenhouse gases. It makes coal plants cleaner by burying deep underground the carbon dioxide that typically is pumped out of smokestacks. But that green vision proved too expensive and complicated. So the administration accepted a trade-off. To help the environment, the government allows power companies to sell the carbon dioxide to oil companies, which pump it into old oil fields to force more crude to the surface. A side benefit is that the carbon gets permanently stuck underground. The program shows the ingenuity of the oil industry, which is using government green-energy money to subsidize oil production. But it also showcases the environmental trade-offs Obama is willing to make, but rarely talks about, in his fight against global warming. Companies have been injecting carbon dioxide into old oil fields for decades. But the tactic hasn't been seen as a pollution-control strategy until recently. Obama has spent more than $1 billion on carbon-capture projects tied to oil fields and has pledged billions more for clean coal. Recently, the administration said it wanted to require all new coal-fired power plants to capture carbon dioxide. Four power plants in the U.S. and Canada planning to do so intend to sell their carbon waste for oil recovery. Just last week, former Energy Secretary Steven Chu announced he was joining the board of a company developing carbon capture technology. The unlikely marriage of coal burners and oil producers hits a political sweet spot. It silences critics who say the administration is killing coal and discouraging oil production. It appeases environmentalists who want Obama to get tougher on coal, the largest source of carbon dioxide. It also allows Obama to make headway on a secondterm push to tackle climate change, even though energy analysts predict that few coal plants will be built in the face of low natural gas prices and Environmental Protection Agency rules that require no controls on carbon for new natural gas plants. "By using captured man-made carbon dioxide, we can increase domestic oil production, promote economic development, create jobs, reduce carbon emissions and drive innovation," Judi Greenwald told Congress in July, months before she was hired as deputy director of the Energy Department's climate, environment and energy efficiency office. Before joining the Energy Department, Greenwald headed the National Enhanced Oil Recovery Initiative, a consortium of coal producers, power companies and state and environmental officials promoting the process. But the environmental benefits of this so-called enhanced oil recovery aren't as certain as the administration advertises. "Enhanced oil recovery just undermines the entire logic of it," said Kyle Ash of Greenpeace, one of the few environmental groups critical of the process. "They can't have it both ways, but they want to really, really bad." That has become a theme in some of Obama's greenenergy policies. To promote new, cleaner technologies, the administration has allowed companies to do things it
otherwise would oppose as harmful to the environment. For wind power, the government has shielded companies from prosecution for killing protected birds with giant turbines. For corn-based ethanol, the administration underestimated the environmental effects of millions of new acres of corn farming. The government even failed to conduct required air and water quality studies to document its toll on the environment.
The administration wants to make similar concessions to make carbon-capture technology a success. The EPA last week exempted carbon dioxide injection from strict hazardous waste laws. It classified the wells used to inject the gas underground for oil production in a category that offers less protection for drinking water. Oil companies using carbon to get oil also aren't subject now to the tougher reporting and monitoring requirements that experts say are necessary to ensure the carbon stays
underground, and they're fighting an EPA proposal that would require them to be if the carbon comes from power plants covered by the new federal rules. "It amounts to looking the other way," said George Peridas, a scientist with the Natural Resources Defense Council, which supports using carbon for oil extraction. The group believes it replaces dirtier oil or oil produced in more See CARBON, Page 8
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4 I Mississippi Business Journal I December 27, 2013 INSIDE THE MDA
EDUCATION
Mississippi communities can do asset development What is asset development? Why does the state’s lead economic and community development agency, the Mississippi Development Authority, have a team of people specifically dedicated to it? Simply put, asset development empowers and inspires communities to identify their unique strengths, envision a brighter future and to immediately start taking steps to achieve it. It enables communities to put improvement plans into action using the assets they have and consider new ways to engage those assets to improve their quality of life and economies. Through its Asset Development Division, MDA is promoting asset-based development because Mississippi has so many wonderful local attractions, eateries and cultural institutions, talented individuals and beautiful historic buildings. We see asset development as a way to preserve these wonderful assets for coming generations while further developing or restoring and marketing them in a way that makes an area more competitive and more prosperous. And while asset development sometimes means starting with small measures, it can have big results: improving curb appeal, increasing visitors and sales tax revenues and generating local pride within a community. From visiting dozens of communities throughout the state, I have learned that the defining factor for successful communities is not merely the resources they have or even the specific assets themselves, but rather the resourcefulness of their local elected, business and community leaders. In order to make the most of an existing resource, leaders must recognize it an asset, and MDA helps communities recognize their unique attributes through a process we call “asset mapping.” At the request of local community leaders, a team, consisting of about twelve members, spends a day in a community identifying, lo-
cating, and documenting its unique assets. MDA builds asset mapping teams with people from MDA and other organizations including Mississippi Main Street Association, Mississippi Arts Commission, Mississippi Department of Environmental Quality, Foy Mississippi Department of Archives and History, state universities, community colleges and numerous other individual experts. The visit ends with the team members offering a summary of their suggestions for ways to improve or better capitalize on or market these local assets. Brainstorming with interested and invested partners on how to better use the assets differently is a key component of the asset development process. If existing strategic plans exist, the team strives to complement the vision set forth in the existing plans with its suggestions. In communities without an adopted plan, the asset development team’s recommendations can become that plan or can serve as an outline for a future formal plan. Regardless, the ideas are offered as inspirations to encourage the community to identify tangible next steps and organize committees to accomplish particular projects which will yield immediate improvements and will motivate additional interest in improving the quality of life in that area. For example, the asset mapping team recommended to Ocean Springs linking the tourist assets downtown with the city parks and waterfront areas that would serve to attract the whole family and extend the time spent in Ocean Springs. The final recommendation the team leaves with every community is that the action groups or committees established to improve or better tout the area’s distinctive strengths
HANCOCK COUNTY
food including hush puppies and stuffed chickens. “In the spring we’re looking to carry produce,” Kathy said. Hours will be 10 a.m. to 6 p.m. Monday through Thursday; 10 a.m. to 8 p.m Friday and Saturday; and 10 a.m. to 4 p.m. on Sunday. Call 216-9190 for more information.
New seafood market coming to Marketown Seafood Etc., a new seafood market, is opening as soon as this weekend (Dec. 21-22) in the old Russo’s restaurant spot in Marketown on U.S. 90 at Dunbar Avenue in Bay St. Louis. Owner Kathy Necaise are putting the finishing touches on the market, which will carry fresh fish, shrimp, crabs, oysters and crawfish. The couple already has gotten requests for fresh tuna to sell along with the fresh trout, flounder and other fish they will sell. “We’ll try to get anything anybody requests,” she said. The Necaises also will boil fresh seafood to sell in the market. The seafood will come from several vendors in Hancock County, Pass Christian and Biloxi. The market will stock dry seasonings and frozen
HARRISON COUNTY
New restaurant is set to open in Pass Christian Pass Christian restaurateur Jourdan Nicaud is taking over Wolfe’s Gulf Coast Grill which closed recently. Nicaud will open his Bacchus on the Beach around Jan. 16. Renovations on the Scenic Drive restaurant overlooking the harbor will begin after the first of the year. The deck area will become a Margarita and oyster bar.
meet regularly to discuss the progress taking place and make this progress known publicly. Time and again, follow-up reporting is critical to success, as it encourages accountability for everyone involved, as well as sustained and measurable results. In addition, communities that go through the process receive a final report that includes the team’s recommendations, helpful demographic information, a retail sales analysis, a list of their unique assets, and a listing of available funding sources that can help them continue to better develop, market or grow those assets. Whether your town, city or community is just getting started in looking at ways to capitalize on the distinctive local attributes/assets or better communicate them to potential visitors and residents, or if these types of efforts have been going strong for a long while, community asset development is never finished. As a result, there can be a tendency for people to feel that community improvements seem too daunting or that they must wait for grant funding or other resources they don’t currently have before they can start. Mississippi has many communities around our state that are actively working to become better places for residents, businesses and visitors alike by adopting the old adage, “…be the change you want to see.” The successful communities are busy developing local assets and doing those things that they can, proving that if you believe you can or if you believe you can’t, both are true. Each community has that decision to make for themselves. Inviting specialists from outside the area into your community to help pinpoint underutilized assets and hidden strengths, and suggest ways to further develop them can energize your community. Asset mapping services are available at no cost to Mississippi communities. If your community is interested in participating in asset mapping or if you would like to learn more, contact MDA’s Asset Development Division at 601.359.3746. » Joy Foy is Director, Asset Development Division for the Mississippi Development Authority.
Nicaud said the menu will be similar to Bacchus Food & Drink in Gulfport “but have more of a beach style cuisine with tons of seafood including lobster dishes. We’re excited.” he said. “One of my hopes and dreams was to come to the Pass.” The young Pass Christian native, he’s 23, also owns Flying Jalapeno in Gulfport. Nicaud is hiring for the new restaurant now. Bacchus on the Beach will be open for lunch and dinner Thursday through Monday. Chef Thomas Wolfe and a partner opened Wolfe’s a couple of years ago in the former French Charley's Coastal Wine Bar location. Wolfe had worked in some of New Orleans’ top restaurants, including Emeril’s and Mr. B’s. A Dec. 5 note on Wolfe’s Twitter account says, “After two years in Pass Christian, we have regrettably decided to close Wolfe's Gulf Coast Grill.”
LOOME: Let’s have an honest conversation about education Let’s stop kidding ourselves. It’s time for an honest conversation about public education; our children deserve at least that. First, let’s be honest about school funding. Funding alone will solve nothing. Millions of dollars won’t help a failing school if the dollars are spent poorly. But anyone who knows anything at all about education knows that resources are absolutely essential - and that districts with the highest levels of poverty, and thus the greatest challenges, require more funding than their more affluent peers to produce the same results. Because Mississippi has the highest level of poverty in the country, our schools should be funded at a higher level than any other state to give our students a fair shot at success. Instead, Mississippi consistently ranks near the bottom in per-student funding. All the tough talk in the world won’t educate our children if their schools are being starved of the resources they need to help students succeed. But the answer to school success involves more than funding, and we need look no further than the top performing countries for the recipe: strong early learning experiences, a rigorous curriculum, sufficient time for students to learn, and brilliant teaching. In the last legislative session, Mississippi began to address early learning by putting $6 million toward pre-k. Much more needs to be done in that arena to get us where we want to go. The Common Core State Standards will provide a strong curriculum if legislators don’t get spooked by the misinformation being spread by the “just say no to higher standards” crowd. The areas that need the most attention are “sufficient time on task” and “brilliant teaching.”
Sufficient time on task Children in countries with the highest achievement rankings, and in some top-performing US schools, are in class for at least nine hours a day for 200 or more days per year. Contrast that with Mississippi, where our kids are in school about seven hours a day for 180 days a year. That’s a 540-hour difference – the equivalent of three months more instruction per year in top-performing schools versus Mississippi schools. Do we really believe that Mississippi children can achieve at the same levels as children in top countries given three fewer months of instruction? Mississippi children – and their teachers – are set up for failure before they begin.
Brilliant teaching Even more disparate is the quality of teaching. Note that I say we need brilliant teaching,
— Lisa Monti, MBJ See
EDUCATION, Page 5
December 27, 2013
EDUCATION
HINDS COUNTY Continued from Page 4
not good teaching or okay teaching. It makes a difference. Mississippi has some brilliant teachers. We just don’t have nearly enough. The top-ranked countries acknowledge that the most inuential factor in student achievement is the classroom teacher, and that’s where they focus. Their goal is to have the very best teacher money can attract, prepare, and retain in every classroom, and that is exactly what they accomplish. In those countries (Finland, Singapore, China, Canada), getting into a teacher education program is like getting into medical school. The teacher prep programs are housed in their best universities, and, on average, only 8 to 15 percent of applicants are accepted. They recruit their most brilliant and highly motivated citizens into the ďŹ eld of teaching. Successful candidates face a rigorous course of study in the ďŹ elds they will teach (science, math, language, reading) and an additional year of pedagogy (learning how to teach). They become experts in their ďŹ elds and in how to teach effectively. There is no question the teacher cannot answer; if a student doesn’t understand the ďŹ rst explanation, the teacher can explain it another way, and another, and another. They are experts. Here’s the kicker: teachers are compensated according to a professional standard. Their salaries are in line with those of physicians, attorneys, and other professionals. And so the smartest, most capable people in their societies want to be teachers. Contrast that with Mississippi where we discourage our best and brightest from entering the teaching ďŹ eld. Our leaders insist on paying teachers insultingly low salaries and then lower standards in order to get enough teachers to ďŹ ll the poorly-paid slots. Legislators micromanage schools with ridiculous, unfunded mandates and then demonize the education system they created and blame teachers for the failures that the Legislature perpetuates. Why would a smart kid with a bright future want to work in a ďŹ eld like that? Most don’t. It’s no secret what the top performing countries have done to sail past the United States in student achievement. Our elected leaders simply do not have the political will to move Mississippi in the same direction – or even to be honest about what it will take to get us there. Instead, they pound their ďŹ sts and feign outrage about students trapped in failing schools, all the while refusing to provide our children what they really need to be successful. Âť Nancy Loome is the founder and executive director of The Parents’ Campaign, a nonprofit, grassroots network of more than 63,000 Mississippians who are committed to ensuring that all Mississippi children have excellent public schools.
Raymond design studio branches out to Coast Al Lawson has opened a second interior design studio at 406 Blaize Ave. in Bay St. Louis near The Little Theatre and Community Center. The original Lawson Studio is in Raymond, near Jackson. Lawson is a licensed interior designer with a degree in architecture. His Bay studio offers beautiful furniture, drapery, window coverings and home accessories he’s found in markets in Atlanta, Houston and Las Vegas.
“There are two parts of what I do,� he said. “One is called space planning or laying out cubicles and landscape furniture in big open areas where people work. That’s the cerebral part of my world. Then there’s the artistic end of it, what is what we see on HGTV.� The majority of interior design work, he said, typically is involves doing budgets and checking on orders. Lawson has done design work for St. Dominic’s Medical Center in Jackson, King’s Daughter’s Hospital in Brookhaven, Southern Farm Life Insurance in Jackson as well as residential projects in New York City and Florida. His work on the University of Southern Mississippi's Long Beach Hardy Hall renovation was
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Mississippi Business Journal
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LEADERSHIP
Adams & Reese, LLP APAC Balch & Bingham, LLP Baptist Hospital BKD, LLP - CPAs BP America Brunini, Grantham, Grower & Hewes, PLLC Butler Snow LLP Caesar’s Entertainment Corporation Chevron Products Company Community Bancshares of Mississippi Cornerstone Government Affairs Denbury Resources Deviney Construction Company, Inc. DiamondJacks Casino & Hotel Double Quick/Gresham Petroleum DuPont Titanium Technologies - DeLisle Plant Enterprise Holdings, Inc. Health Management Associates Mississippi Division Joe McGee Construction Magnolia Health Plan Mississippi Associated Builders & Contractors Mississippi Realtors Molpus Woodlands Group North Mississippi Health Services Nucor Steel Jackson, Inc. Olin-Winchester Division Peco Foods Pfizer Inc. Ports America Pretty Presentations Puckett Machinery Company Roxul Inc. Roy Anderson Corp Southern Farm Bureau Life Insurance Company Southern Mississippi Planning & Development District St. Dominic Health Services The Peoples Bank TVA Tyson Foods, Inc. The University of Mississippi Medical Center UPS Wilson & Biggs PLLC
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completed last spring. Lawson is wrapping up an interesting project at the new Mississippi Crime Lab. He’s also working on what he describes as a fascinating project: converting the old Eastland Federal Courthouse building on Capital Street in Jackson into a mixed use development with restaurants, stores and apartments. Lawson and his wife, Cathy, will host an open house at their new studio Jan. 17 at 4 p.m. The new Lawson Studio is open by appointment Monday through Wednesday, and Al works in the Bay studio every Thursday, Friday and Saturday. Call 601594-6202 for more information.
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MBJPERSPECTIVE December 27, 2013 • www.msbusiness.com • Page 6
» RICKY NOBILE
Website: www.msbusiness.com December 27, 2013 Volume 35, Number 52
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» PERCOLATIN’ WITH BILL CRAWFORD
State and federal budgets ignore trends
W
hat do the federal budget compromise crafted by Rep. Paul Ryan and Sen. Patty Murray and the state budget plan crafted by the Joint Legislative Budget Committee have in common? Oklahoma Sen. Tom Coburn says it well: "We're going to raise spending back up, because the political powers that be want to spend more money, rather than be responsible with what we know needs to be done – which is hard work eliminating all the stupidity, fraud, duplication that's going on." (In 2011 Coburn identified trillions of dollars in potential savings from consolidating duplication, weeding out waste, and eliminating special interest subsidies.) Yes, this applies to the state budget as well as the federal budget. The best that can be said of the federal budget compromise is that it is a compromise and may avoid a government shut-down. But, it increases spending $63 billion for the next two years over the sequester levels, raises fees (pretending that’s not the same as a tax in-
crease), does not eliminate any programs, reduce duplication, or reduce any taxes. And, it never achieves a balanced budget. The best that can be said of legislators’ state budget plan is it squeezes most spending, reduces use of onetime money for ongoing expenses, and puts money into the rainy day fund. But, it increases overall spending by $36 million and does not eliminate any programs, reduce duplication, or reduce any taxes or fees. It pretends to reduce the size of government by eliminating 2,296 positions – but these are vacant positions. And, it really doesn’t balance because it still uses $143 million in onetime money to fund ongoing expenses. The best that can be said about both budgets is they provide, temporarily, for stable government. “Temporarily” because those in the Congress and the Legislature know that long-term spending trends will overwhelm their budgets unless significant changes are made. These budgets ignore those trends and dodge needed changes. Consider health care costs. Medicare and Medicaid at the federal level and Medicaid at the state level have dire
trends. Much higher funding levels will be required to susBill Crawford tain these programs. No changes in spending or funding are in the budgets. Indeed, the state budget unexplainably low-balls Medicaid, recommending nearly $5 million less next year than this year. Consider pension costs. Social Security, federal employee, and military pensions at the federal level and PERS at the state level have dire trends. The federal budget compromise made minimal changes in federal employee and military pensions, but no changes in Social Security. The state budget plan left out $52 million required to fund underperforming PERS for the coming year, but proposed no changes in PERS spending. “My reading of history convinces me that most bad government results from too much government” – Thomas Jefferson. » Bill Crawford (crawfolk@gmail.com) is a syndicated columnist from Meridian.
NEWSMAKERS JMAA welcomes Moore The Jackson Municipal Airport Authority has added Gene Moore as the director of marketing and communications. Moore brings over 30 years of communications experience to the Jackson Municipal Airport Authority. He worked in several television station markets across the country, and he has been in the broadcast television industry as a news videographer and news management. Most recently, Moore operated his own television production company producing videos and marketing for major companies in and around Jackson.
Board selects McCoy The Columbus-Lowndes Emergency 911 communications board has hired Melanie McCoy as the agency's director. McCoy has worked for the local emergency management agency for 20 years. She began working in Lowndes County in 1989 and stayed until 2005. McCoy returned two years later and has remained since. McCoy will succeed Sheri Fancher in January. Fancher announced this fall that she would retire after nearly 30 years in 911 services.
Maxwell retiring from MEC Sandra Maxwell, chief operating officer at the Mississippi Economic Council, is retiring after 13 years. Soon after arriving, Maxwell took over MEC’s membership operation and turned it into a powerhouse of accomplishment, earning national recognition for her success in member development. Her reach extended to helping MEC build our programming — including the very successful MEC Hobnob event, which she helped launch 12 years ago, and that has become a favorite among political leaders around the state. She also helped build the reach and stature of MEC Capital Day and the MEC Annual Meeting. Maxwell was pivotal in helping launch Blueprint Mississippi in 2003-04. In 2011, Sandy took over the entire management of volunteer involvement in Blueprint Mississippi, focusing on coordinating literally thousands of leaders around the state in task force participation using high-tech web conference techniques.
Norton named associate provost Dr. Daniel Norton will join the University of Southern Mississippi as associate provost for international programs, beginning March 1, 2014. He takes over for Dr. Rafael Sánchez-Alonso, who has served in an interim capacity. Norton currently serves as associate dean of international studies at Goucher College in Baltimore, Md. The Lockport, Illinois native has more than a decade of experience in senior international programs administration and over 20 years of experience in international education. To date, he has taught or advised international students from more than 100 countries. Norton has also served as director of international programs at Stephen F. Austin State University in Texas and as director of international programs at Muskingum University in Ohio where he oversaw their study abroad, international student recruiting, international student services and English as a Second Language programs. Prior to moving into international education administration, he was assistant professor of English at the American University of Sharjah in the United Arab Emirates. Norton holds a bachelor of arts in history and a
master of arts in applied linguistics from the University of South Florida and a Ph.D. in English/applied linguistics from Indiana University of Pennsylvania.
MFBF elects officers, presents awards Mississippi Farm Bureau Federation recently elected officers and directors, presented awards and announced contest winners. Newly elected or reelected directors on the MFBF board include: Dr. Jim Perkins, Iuka; Tommy Swindoll, Hernando; Tripp Thomas, Batesville; Herbert Word, Okalona; Pepper Beard, Coila; Kenneth Thompson, Philadelphia; Quinton Mills, Forest; Robert McGehee, Brookhaven; Bobby Selman, Monticello; and J. B. Brown, Perkinston. Mallory Sayle of Lake Cormorant will sit on the board as Young Farmer & Rancher Committee chair. Matt and Carrie Edgar of Yazoo County were selected as Farm Bureau’s Young Farmer Achievement Award winners and will travel to San Antonio to represent Mississippi in the National Young Farmer Achievement Award competition. Reid and Kate Nevins of Columbus were selected as the Young Farmers and Ranchers Excellence in Agriculture award winners. Brandi Karisch of Oktibbeha County won the Young Farmer Discussion Meet, an event that challenges contestants’ discussion skills and their ability to persuade others to see their side of an issue. She will also compete in the national competition in San Antonio in January. Farm Bureau’s highest award, the MFBF Distinguished Service Award, was presented to Commissioner of Agriculture Cindy Hyde-Smith. There were two recipients of the Friend of Agriculture Award. Sen. Russell Jolly of Houston and Rep. Bill Pigott of Tylertown received the award for their support of agriculture and Farm Bureau in the Mississippi Legislature. The Excellence in Leadership Award went to Robert Naron of Cleveland for his many years of dedicated service to agriculture in Mississippi. Julie White and Nelda Starks of Starkville were given the Ag Ambassador Award for their work in promoting agriculture and Mississippi through an innovative program called Farmtastic that educates third-graders about agriculture. Collin Hutcheson of Lee County won the Farm Bureau Ambassador competition sponsored by the Women’s Program. Collin will be a spokesperson for Farm Bureau and agriculture during 2014.
December 27, 2013 tract and grant specialist with the computer science and engineering department; Mashala Pulliam, senior accountant with the High Performance Computing Collaboratory; Andrew Rendon, assistant dean in the Division of Student Affairs; Alexander Washington, financial aid counselor with the Office of Admission and Financial Aid; and Lari Wright, associate director of Student Housing Administration.
Firm adds Bryant, Freeman The accounting firm of Franks, Franks & Jarrell, P.A. has added Katie Bryant and Tyler Freeman to its Audit Department as staff accountants. A native of Oneonta, Ala., Bryant graduated from Auburn University with a B.S. in animal science and a B.S. in business administration. She previously worked for J.F. Smith Group in Auburn and Auburn Veterinary Hospital. Bryant lives in Fulton with her husband, Justin. Freeman joins after most recently serving as field auditor in the Mississippi Office of the State Auditor. A native of Corinth, he graduated from Mississippi State University with a B.S. in accounting. He lives in Blue Mountain.
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Suggs named VP Sean Suggs is the new vice president of administration for Toyota Motor Manufacturing Mississippi. He replaces Doug Formby, who announced his retirement recently. The 48-year-old Suggs joined Toyota's Mississippi operation on Nov. 4 after working for Nissan for several years. Most recently, he was director of strategy, administration and human resources from 2011-2013 for Nissan's North American headquarters in Tennessee. Before his stint at Nissan's headquarters, he headed production quality at Nissan's Canton plant.
Bomgar taps Meinhardt
Bryant
Freeman
Bomgar has named Rob Meinhardt to the company's board of directors. A partner with venture capital firm Toba Capital, Meinhardt has more than 20 years of experience as a CEO, marketing executive and strategy consultant in the high-tech industry. Prior to joining Toba Capital, Meinhardt served as CEO of KACE, the company that he co-founded in 2003 and was subsequently acquired by Dell in 2010. Prior to founding KACE, Meinhardt served as vice president of marketing for AvantGo from inception through public offering and as a principal in the strategy consulting firm R.B. Webber & Company. In addition to Bomgar, Meinhardt currently serves as a board member, advisor and/or investor in Bright, Directly, Influitive, Alteryx and Oiselle Running.
For announcements in Newsmakers; Contact: Wally Northway (601) 364-1016 • wally.northway@msbusiness.com
http://www.msbusiness.com
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PUBLIC UNIVERSITIES
LEAP class honored Thirteen Mississippi State staff members are new graduates of the university's Learning Experience for Aspiring Professionals program. The 2013 LEAP class included: Heather Andrews, MSU Foundation director of prospect management; Bobbie Baker, business manager in the Office of the Vice President for Agriculture, Forestry and Veterinary Medicine; Michael Busby, Center for Distance Education manager; David Garraway, video program manager for Office of Public Affairs and University Television Center; Clay Hill, University Libraries website manager; NaToya Hill, recruitment, retention and program specialist with the Office of Institutional Diversity and Inclusion; Shauncey Hill, Institute for Imaging and Analytical Technologies business manager; Melissa Inmon, procurement card manager in the procurement and contracts department; Nicole Ivancic, con-
7
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REAL ESTATE Q State Street Group........................................................................www.statestreetgroup.com
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Have your business listed here! Contact your advertising representative at 601.364.1000
8 I Mississippi Business Journal I December 27, 2013
CARBON
Continued from Page 3
environmentally sensitive places and reduces carbon in the atmosphere. The administration also did not evaluate the global warming emissions associated with the oil production when it proposed requiring power plants to capture carbon. A 2009 peer-reviewed paper found that for every ton of carbon dioxide injected underground into an oil field, four times more carbon dioxide is released when the oil produced is burned. "There is no form of energy that is free of impacts. It is always about trade-offs and someone will always be unhappy," the paper's author, Paulina Jaramillo, the assistant professor at Carnegie Mellon University, said in an interview. Administration officials counter by saying the oil was going to be extracted anyway, so the policy should only be seen as reducing carbon dioxide from coal plants. The administration also promotes the benefits for energy security. Every barrel of oil produced here will mean one less produced abroad. "We are taking carbon dioxide that would have gone to the atmosphere in coal plants, storing it and displacing imported oil with domestic oil," said Energy Secretary Ernest Moniz, asking a question posed by The Associated Press on CSPAN's "Newsmakers" program in September. In Mississippi, where Southern Company's Kemper County power plant eventually will supply two oil producers with carbon dioxide, Denbury Resources Inc. says it would not be able to produce oil there otherwise. Denbury is already using carbon dioxide trapped beneath a salt dome near Jackson to produce oil in the state. But it can use more carbon dioxide than nature can provide. That's where the power plant comes in. The federal support for Kemper lowers the cost of installing the carbon capture equipment, and ultimately, the cost of carbon dioxide for the oil producer. The company has entered into a long-term contract with Southern for carbon dioxide. It will permit Denbury to recover a total of between 3.5 million and 4.2 million barrels of oil, a tiny fraction of the 91 million barrels of oil the world consumed daily last month. But for the oil companies, it still means millions of dollars more in revenue. The nearly $5-billion project received $270 million from the Energy Department, prior to the Obama administration, and $279 million more in federal tax credits. A member of Mississippi's Public Service Commission, Brandon Presley, bristled over what he described as pressure from Washington to approve the project, which already has meant a 15 percent increase in utility bills for Mississippi Power customers. Secretary Chu wrote Presley a letter in May 2010 that said without the Kemper County project, the U.S. government might not be able to use the technology anywhere. The commission approved it over Presley's objection. "The (Energy Department) is knee deep in this," Presley said. "I don't think you'll find anywhere in the country where you've found more heavyhandedness by the federal government or by elected officials than what went on here to try and get this passed." In an interview with the AP, Chu said pairing oil production with pollution reduction is an imperfect method for "developing the capture and ramping up the technologies." "It's not one for one," he said. "You are not sequestering all the carbon dioxide." While Kemper is the first, it's not the only one. The Energy Department under Obama has provided $1.1 billion to six projects that capture carbon and sell it to oil companies. Four of those projects are power plants. The EPA recently highlighted two of those projects, with a combined $858 million in federal money, as a way to reduce power plant emissions. Both plan on selling the carbon dioxide to oil companies. "We sold the carbon dioxide immediately," said Laura Miller, a spokeswoman for Summit Power's Texas Clean Energy Project, which is still working on getting the financing needed to break ground on the 400megawatt power plant in West Texas. "The projects that are still alive are the ones that are selling the carbon dioxide." Despite billions in federal aid, coal projects that simply stored carbon dioxide failed to take off. In 2010, a plan for a $1.8 billion power plant in Illinois was replaced with a scaled-back project after it couldn't secure private financing. In July 2011, American Electric Power, shelved a project in West Virginia that had received $334 million in late 2009, in part because a Democrat-controlled Congress failed to enact legislation, backed by the administration, that would have created a marketplace for carbon dioxide. Oil recovery provided a market for carbon dioxide in the absence of federal legislation or regulations that put a price on it. For power plant operators, it could help offset the cost of the technology to capture it. But the marriage was rocky from the start. Oil companies want to use the least amount of carbon dioxide possible to extract oil, not exactly what is desired in a strategy to reduce pollution. Oil
Gases in, oil out: the carbo carbon on conundrum Carbon capture and sequestra sequestration, ation, touted as a green way to keep ke eep carbon dioxide out of the atmosphere atm mosphere by burying it underground, is used by the petroleum p industry to extract oil — a trade-off that generates more e heat-trapping gases than are stored. oal to 1 Power plant uses coal
HOW CARBO CARBON DIOXIDE (CO2) IS USED TO RECOVER OIL
generate electricity.
2 Some of the CO2 is sed captured, compressed and piped to an oil field.
refine 5 Oil is refined and sent to market. CO2 remains undergroun underground or is captured and reused to extract mor more oil.
4 Increased pressure 3 The CO2 iss injected
allows pumping of oil that might not otherwise be recoverable.
rground deep underground into the oil reservoir reservoir,, xes with where it mixes the crude oil or increases pressure.
U.S. CO2 emissions since 1990 Only China surpasses the he United States in annual CO2 emissions. missions.
Image not to scale
7 billion metric tons 6 5
U.S. OIL AND GAS RESERVOIRS THAT MAY BE SUITABLE FOR CO2 STORAGE Oil fields
Gas fields
4
Oil and gas fields
3 2 1 0 '90
New York Yo ork
Chicago Chica cago ca
’95
’00
’05
’10
Sources of CO2 emissions in the U.S. in 2012
Other* 16%
Los Angeles Ang ngeles ng g
Industry 14%
Dallla Dallas as as
Transportation T ransportation 31%
Hous H ou o uston sto on n Houston San Antonio Anto
Alaska
*Residential/commercial emissions and non-fossil fuel combustion
SOURCES: Department of Energy; Environmental Protection Agency; Southern South hern Co.
producers, no stranger to federal regulations, don't want to deal with any more rules, such as strict and costly monitoring and reporting requirements aimed at verifying that the carbon doesn't escape. On the coal side, it takes more energy, and thus more coal and more carbon dioxide pollution, to run the equipment needed to capture carbon and compress it to be sent down a pipeline to an oil field. It's the other environmental effects that have local environmentalists concerned. There still is a 31,000-acre surface mine, and the other pollutants that power plants emit that could sully the air locally. Southern Co. was recently cited by the state for discharges from its reservoir on site, which the company blames on excessive rainfall and the fact that equipment that draws water from the reservoir for use in the plant was not ready. "If you add up all the environmental costs, this is not going to be green," said Stan Flint, a Jackson-based consultant who works with environmental groups. In June, the Energy Department and California Energy Commission raised serious environmental concerns about a California-based carbon captureenhanced oil recovery project funded by the Obama administration and recognized by the EPA when it released its power plant standards. In a preliminary environmental evaluation, state and federal officials found the Hydrogen Energy California Project would fail to comply with laws and standards in eight out of 16 environmental areas evaluated. The concerns included whether
Electricity generation 38%
AP
the project would comply with state landfill rules and its impacts on the bluntnosed leopard lizard, a protected species. Other studies have looked at the association between carbon dioxide injection and earthquakes. A peer-reviewed study published in November linked for the first time earthquakes in Texas to the injection of carbon dioxide in oil fields. Another potential risk is blowouts. Many oil fields that are ideal candidates for carbon dioxide injection have many old and abandoned wells that may or may not be plugged properly. Denbury Resources has had a series of uncontrolled blowouts in recent years, as the pressure created by injecting carbon dioxide tests the cement plugs in longshuttered wells. The largest, and one that was responsible for one of the largest environmental fines in Mississippi in the past decade, occurred in 2011 at the Tinsley Field, one of several old oil fields that will receive carbon from Southern Co.'s power plant. The company paid $662,500 for a blowout that vented carbon dioxide, oil and drilling mud for 37 days. So much carbon dioxide came out that it settled in some hollows, suffocating deer and other animals, Mississippi officials said. The company ultimately drilled a new well to plug the old one, and removed 27,000 tons of drilling mud and contaminated soil and 32,000 barrels of liquids from the site. The company still claims it's green because of the carbon it is storing as part of its oil production process.
December 27, 2013
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DeSoto 6.2
9 Tunica 11.5
MISSISSIPPI’S OCT. UNEMPLOYMENT FIGURES
Tate 8.5
Sept ’13 1,292,900 110,600 8.5 8.6 1,182,300
Oct ’12 1,339,800 116,800 9.1 8.7 1,223,000
’12 Avg. 1,333,100 122,100 xxx 9.2 1,211,000
Coahoma 11.8
Yalobusha 8.7
STATE OF MISSISSIPPI Unemployment Insurance Data •• Initial UI Claims Continued Claims Benefits Paid Weeks Paid First Payments Final Payments Average Weekly Benefit
Oct ‘13 154,918,000 10,773,000 7.3 7.0 144,144,000
Sept ’13 155,536,000 10,885,000 7.2 7.0 144,651,000
Oct ’12 155,779,000 11,741,000 7.9 7.5 144,039,000
Oct 2013 9,994 87,951 $11,866,735 63,846 4,047 1,855 $185.86
’12 Avg. 154,975,000 12,506,000 xxx 8.1 142,469,000
Sept 2013 8,694 95,301 $13,471,192 72,556 3,920 1,947 $185.67
Leflore 11.5
Carroll 8.7
Montgomery 10.7
Humphreys 13.5
Holmes 15.6
Yazoo 10.2
Issaquena 10.2
Digital Reprint Article or list will be reformatted with Mississippi Business Journal
Lowndes 9.6
Oktibbeha 7.9
Winston 11.8
Leake 9.5
Neshoba 6.6
Scott 6.0
Newton 7.3
Noxubee 14.8
Kemper 13.4
Madison 5.8 Warren 9.7 Rankin 4.8
Hinds 7.6
Claiborne 14.0
Adams 8.0
Wilkinson 10.4
Franklin 9.3
Amite 8.6
Lincoln 7.9
Pike 10.0
Covington Jones 6.8 6.0
Walthall 9.8
Marion 9.7
Lamar 5.8
Pearl River 8.6
Hancock 8.8
Lauderdale 8.4
Clarke 9.6
Wayne 10.0
Lawrence Jeff Davis 8.7 10.1
Unemployment Rates ates 4.8 - 6.0 6.1 - 9.2 9.3 - 13.6 13.7 - 18.1
Jasper 8.4
Smith 7.5
Simpson 6.5
Copiah 8.3
— Mississippi Department of Employment Security
IS WORTH REPEATING!
Monroe 12.0
Clay 18.1
Choctaw 8.8
Attala 10.1
Jefferson 14.9
** 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.
GOOD NEWS
Tishomingo 8.8
Itawamba 7.9
Chickasaw 11.4
Webster 11.5
Washington 13.6
Moving Avg.** 155,423,000 11,709,000 xxx 7.5 143,714,000
Oct 2012 13,744 102,888 $15,274,070 82,796 5,434 2,422 $184.48
Calhoun 9.2
Grenada 8.5
Sunflower 12.6
Lee 8.3
Pontotoc 7.2
Quitman 12.1
Bolivar 9.7
Moving Avg.** 1,310,800 117,400 xxx 9.0 1,193,400
Lafayette 5.9
Sharkey 10.1
UNITED STATES Labor Force Data Civilian Labor Force Unemployed Unemployment Rate (Adjusted) Unemployment Rate (Unadjusted) Employed
Alcorn 7.4
Tippah 9.7 Union 6.4
Tallahatchie 10.8
Oct ‘13 1,276,100 105,100 8.5 8.2 1,171,000
Benton 11.0
Prentiss 8.6
Panola 10.8
Labor force and employment security data STATE OF MISSISSIPPI Labor Force Data Civilian Labor Force Unemployed Unemployment Rate (Adjusted) Unemployment Rate (Unadjusted) Employed
Marshall 10.2
Forrest 7.4
Perry 8.5
Stone 7.2
Harrison 7.7
Greene 10.0
George 8.1
Jackson 8.8
Source: Labor Market Data Publication October 2013 Design: Labor Market Information Department, MDES
Office Space for Rent in downtown Jackson Approximately 1800 sq. ft., includes 2 private offices
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10 I Mississippi Business Journal I December 27, 2013 THE SPIN CYCLE — Pithy PRognostications From A Recovering Journalist
Ad spending expected to rise significantly in 2014
M
adison Avenue had a very Merry Christmas, and is preparing to pop the cork on a banner 2014 on the advertising front. Some of the world’s biggest advertising companies are predicting faster than previously expected growth in ad spending in 2014, according to a recent report in the Wall Street Journal. A portion is from seasonal bumps for major events such as the Winter Olympics in Sochi, but much of the global impact is due to the rapid expansion of mobile advertising. Among those revising up their recent forecasts are Publicis’s ZenithOptimedia, which predicts ad spending next year will rise 5.3 percent, and Interpublic’s MagnaGlobal, which expects a rise of 6.5 percent next year. WPP’s GroupM revised its estimate downward to 4.6 percent. Deadline and Broadcasting & Cable also have a take on the revised projections. Total U.S. TV spending will increase to nearly $67 billion in 2014, $68.6 billion in 2015 and $70.2 billion in 2016, according to ZenithOptimedia, a media buying unit of Publicis. Spending on broadcast network
TV is expected to rise a slight 1 percent in 2014, thanks to the Olympics and World Cup, the agency said. But in 2015 and 2016, broadcast ad revenue is forecast to decline 3 percent, and then 1 percent, despite the
Todd Smith
emergence of dynamic ad insertion and other technologies aimed at recapturing delayed and mobile viewing. Cable TV spending is expected to grow 7 percent in 2014, 6 percent in 2015 and 5 percent in 2016, according to Zenith. Overall, ad spending forecasts in the U.S. is expected to grow to $161 billion in 2014. That would follow a 1.8% gain in 2013 to $156.3 billion.
conference, don’t avoid the smoke engulfed elephant in the room! Remember to be forthright, and make positive moves that will stimulate goodwill and peace on earth.
Healthcare.gov was on life support from the beginning It’s no secret the Affordable Care Act’s online Health Insurance Marketplace was a
 Total U.S. TV spending will increase to nearly $67 billion in 2014, $68.6 billion in 2015 and $70.2 billion in 2016, according to ZenithOptimedia, a media buying unit of Publicis. Spending on broadcast network TV is expected to rise a slight 1 percent in 2014, thanks to the Olympics and World Cup, the agency said. But in 2015 and 2016, broadcast ad revenue is forecast to decline 3 percent, and then 1 percent, despite the emergence of dynamic ad insertion and other technologies aimed at recapturing delayed and mobile viewing. Top PR blunders of 2013 As we write the final chapter of 2013, let’s flip to the section for worst PR blunders of the year – and who needs some serious reputation repair as we cruise into 2014. Here’s a couple of textbook examples of 2013’s PR missteps as ranked by Forbes – from technology start-ups to established retail chains, a variety of companies garnered headlines for blunders that could have been avoided.
Poor Toronto Mayor Rob Ford 3URDFWLYH5HVSRQVLYH(ÉąHFWLYH
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When accusations surfaced that Toronto Mayor Rob Ford was caught smoking crack, he held a press conference where he bashed reporters for “asking the wrong questions.� He eventually admitted he’d made a mistake, but his lack of humility and defiant attitude in the face of the media caused him to lose face. In any crisis communications scenario, admitting the problem, and accepting it without blame or excuses is a solid first step in Reputation Repair 101. Apologizing is another giant leap. After you have communicated these misgivings with sincerity, the next goal should be using social monitoring tools to get an accurate view of how the public and the media are discussing the story. Has the story reached your customers and fans yet? How are they reacting? Once you have brought the full story into sharp focus, carefully craft and hone the key messages you want to convey to your audience – and which channels are best to deliver that messaging. And, if you hold a press
very sick patient when it was born. When the site went live Oct. 1, pages were freezing and people were unable to enroll. The federal government could have avoided the resulting firestorm of criticism if it had tested and retested its website well before launch. Whether your company is B-to-B or Bto-C – or you’re the federal government – your website should be a user-friendly experience that advances your brand, informs your audience and strengthens awareness among your various publics. Above all, it should deliver on its promises! Start off by viewing these properties through the eyes of customers, clients and the media, and you’ll avoid such miserable, myriad maladies that have plagued Obamacare’s key health care delivery service.
Golden Mic | Coming soon ‌ Each week, The Spin Cycle will bestow a Golden Mic Award to the person, group or company in the court of public opinion that best exemplifies the tenets of solid PR, marketing and advertising — and those who don’t. Stay tuned — and step-up to the mic! And remember ‌ Amplify Your Brand!
Todd Smith is president and chief communications officer of Deane, Smith & Partners, a fullservice branding, PR, marketing and advertising ďŹ rm with ofďŹ ces in Jackson. The ďŹ rm — based in Nashville, Tenn. — is also afďŹ liated with Mad Genius. Contact him at todd@deanesmithpartners.com, and follow him @spinsurgeon.
December 27, 2013
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» MISSISSIPPI LEADERS by Martin Willoughby
Collaborative leadership
A
t year end is when a lot of people think about charitable giving. In fact, 25% of all giving occurs in the last two months of the year. One of the resources in this state for charitable giving is the Community Foundation of Greater Jackson (CFGJ). The CFGJ was established in 1994 with a little over $200,000. The CFGJ serves as an “investment bank” for philanthropy for the community. Today, it holds more than $34 million in net assets in 150 funds. The organization runs a competitive grants cycle which awards grants from the CFGJ’s own endowment, the Community Trust Fund. I have worked with the organization over the years to assist my clients in accomplishing their philanthropic goals, and I have been impressed with the expertise and professionalism. I recently interviewed Jane Clover Alexander, CEO and President of the Community Foundation of Greater Jackson, who brings a wealth of leadership experience to the job. Alexander is a native of Jackson and likes to tell people she has come full circle in life because she now lives a block and a half from where she was born at the Baptist Hospital on State Street in Jackson. After graduating from Millsaps, she went on to earn a Master’s Degree in Journalism from Ole Miss and completed additional studies in Oxford, England. Her first job out of graduate school was serving as Director of Marketing for the Mississippi Symphony Orchestra. Alexander shared about this experience, “That was an excellent incubator for training, because
Up Close With ... Jane Clover Alexander Title: CEO and President of the Community Foundation of Greater Jackson Favorite Books: A Pirate Looks at Fifty (Jimmy Buffett); Pride and Prejudice (Jane Austen); Tinker Tailor Soldier Spy (John LeCarre) First Job: “In high school, I worked as a unit clerk at Woman's Hospital -- I filed a lot” Proudest Moment as a Leader: “I have had many proud moments, but I don't think I have reached my proudest moment yet!” Hobbies/Interests: Watching television and movies, and dining out at our favorite local places.
when you work for nonprofits, you get to do a lot of things. And you also have access to the very best business people and community leaders – your board.” Alexander’s career has included working as the editor of Mississippi Magazine, and she founded South Magazine, about the people, places and popular culture of the region. She also has taught journalism at Mississippi College, worked for Communication Arts Company, Easter Seals, and Millsaps College.
Alexander explained that she has a collaborative leadership style which goes back to her earliest work experience. She noted, “In the nonprofit world, you don't have a lot of choice but to collaborate. Everyone needs to work closely with management and board members in order to serve the organization well.” She credits her first boss, Holly Wagner, with teaching her the importance of hiring the right people then letting them do their job without micro-managing.
“Leadership is about taking the blame for others, but sharing the credit with everybody.”
Alexander shared about her leadership philosophy. “I believe the person with authority has the responsibility, and should never assume he or she is less accountable than other employees. Martin Willoughby Leadership is about taking the blame for others, but sharing the credit with everybody.” She continued, “Leaders don’t pass the buck, and they don't hog the spotlight.” For future leaders, Alexander has very straight forward advice –WORK! She shared, “Every job I ever had taught me something, most of which I use every day. No matter how menial the task, do the very best job you possibly can. Ask questions. Listen to the answers. And don't be afraid to admit you don't know something.” The Community Foundation of Greater Jackson is a great resource for this state, and Jane Alexander is the type of leader to help continue its growth and development. Alexander noted that her parents, Lois and Chandler Clover, were longtime community activists, and she believes that her appointment to her position at the CFGJ pays tribute to them and their commitment to community service. Alexander noted, “We say the Community Foundation of Greater Jackson is about ‘Investing in Giving: For Good. Forever.’" The CFGJ and Jane Alexander will definitely have an impact on Mississippi and its capitol city well into the future. 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.
» BUSINESS AND POLITICS
Lawmakers want protection for Cooper’s plant in China WASHINGTON — U.S. Sens. Thad Cochran (R-Miss.) and Roger Wicker (RMiss.), with Rep. Alan Nunnelee (R-Miss.), have asked U.S. diplomatic and trade representatives to help protect the interests of an American company, while dysfunction at a joint venture in China poses risks to U.S. jobs in Northeast Mississippi and elsewhere. The lawmakers are among a bipartisan, bicameral group that sent a letter to Secretary of State John Kerry, Secretary of Commerce Penny Pritzker and U.S. Trade Representative Ambassador Mike Froman urging them to address ongoing problems experienced by the Cooper Tire and Rubber Company at the U.S.-China Joint Committee on Commerce and Trade (JCCT) meetings. The Dec. 19-20 meetings in Beijing were chaired by Pritzker, Froman and their Chinese counterparts. “We write today with deep concern about a serious issue Cooper Tire & Rubber Company is facing at its joint venture in China which has put the entire company at risk, including more than 5,000 jobs in the United States, and which has serious implications for all American businesses with interests
and investments in China. We respectfully request your assistance in resolving this urgent matter,” the letter said. Cooper Tire, with a Chinese partner, operates a joint venture factory in Shandong Province, China, that since June 2013 has experienced work stoppages and other actions that threaten the entire company. Efforts to resolve the deteriorating situation have been unsuccessful. The disruption has derailed the production process and forced Cooper to violate regulatory obligations, which could potentially have broad impacts on its U.S. operations and its 5,000 U.S. workers. The company employs 1,300 workers at its Tupelo facility. Additional excerpts from the letter state: “Cooper has been facing a series of actions in violation of its rights as the majority owner of the joint venture…These actions have included, initially, two 5,000-employee work stoppages and, subsequently, labor actions including forced occupation of the CCT production facility; denial of access for Cooper and its appointed members of CCT management to the facility, fi-
nancial data, and personal property; workers’ refusal to input financial and production data into CCT systems in accordance with internal operating procedure; workers’ refusal to produce Cooper-branded products; and the unlawful appropriation of company chops and registration documents.” “In response to these actions, Cooper has requested assistance from Chinese government authorities at all levels, has appealed to local police, and has attempted to seek justice in local courts of law, but the situation continues. Cooper management has made multiple attempts to … reach a resolution. … At this point, the situation remains unresolved and Cooper has suffered considerable losses.” The letter to the U.S. officials was spearheaded by Sens. Rob Portman (ROhio) and Sherrod Brown (D-Ohio). In addition to Cochran, Wicker and Nunnelee, the correspondence was signed by Sen. John Boozman (R-Ark.), Rep. Tom Cotton (R-Ark.), Rep. Jim Jordan (R-Ohio), Rep. Bob Latta (R-Ohio) and Sen. Mark Pryor (D-Ark.). — from staff and MBJ wire services
12 I Mississippi Business Journal I December 27, 2013 October 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). October October Year to date YTD CITY 2013 2012 2013 2012 ABBEVILLE $3,621.24 $4,090.78 $13,031.36 19,871.28 ABERDEEN 66,587.62 65,588.08 268,721.00 275,755.11 ACKERMAN 21,452.74 23,215.68 90,697.96 93,990.54 ALCORN STATE U 1,034.19 1,105.55 2,304.03 2,798.31 ALGOMA 2,154.43 2,031.92 9,023.14 8,011.06 ALLIGATOR 927.97 582.33 3,162.15 2,765.19 AMORY 142,737.42 141,895.62 597,621.62 602,180.19 ANGUILLA 2,609.47 3,687.43 10,680.37 12,909.12 ARCOLA 1,659.40 1,587.02 6,177.18 6,561.28 ARTESIA 842.70 863.34 4,050.79 3,893.35 ASHLAND 12,382.86 13,273.17 52,793.86 49,229.03 BALDWYN 41,122.72 44,233.84 179,121.75 184,066.07 BASSFIELD 10,604.80 11,740.80 47,780.10 50,704.52 BATESVILLE 316,313.92 309,222.53 1,316,470.45 1,267,762.89 BAY SPRINGS 52,869.96 50,968.26 209,798.32 208,305.35 BAY ST LOUIS 101,198.12 88,627.08 437,463.46 386,264.22 BEAUMONT 5,314.83 6,439.64 24,363.44 25,001.24 BEAUREGARD 221.81 203.37 916.84 860.16 BELMONT 24,214.47 24,099.94 98,133.27 92,833.90 BELZONI 41,526.08 44,180.43 173,006.11 180,387.14 BENOIT 6,319.07 6,537.93 26,153.02 25,084.38 BENTONIA 15,619.67 12,298.60 129,609.73 57,823.99 BEULAH 439.68 398.02 1,615.61 1,566.79 BIG CREEK 336.49 362.55 1,307.26 1,619.61 BILOXI 893,718.05 833,649.64 3,883,627.00 3,717,281.54 BLUE MOUNTAIN 11,292.30 10,238.54 39,513.74 38,000.01 BLUE SPRINGS 2,812.32 2,788.99 11,384.54 10,476.74 BOLTON 10,239.39 10,188.34 48,758.80 44,928.51 BOONEVILLE 143,033.56 138,830.23 592,777.75 580,281.24 BOYLE 16,259.29 16,289.93 76,771.38 63,750.54 BRANDON 376,267.02 423,768.70 1,689,315.09 1,723,934.21 BRAXTON 1,212.17 1,327.60 5,202.80 4,244.89 BROOKHAVEN 403,530.99 414,165.05 1,850,184.86 1,680,352.42 BROOKSVILLE 9,389.50 8,691.70 36,713.45 35,323.80 BRUCE 42,020.38 40,436.85 164,144.86 159,162.17 BUDE 11,398.36 7,399.53 49,426.61 37,095.58 BURNSVILLE 12,669.08 12,253.33 47,730.99 48,677.04 BYHALIA 53,993.60 55,757.47 247,670.01 241,296.73 BYRAM 155,633.70 166,431.27 654,434.40 596,194.73 CALEDONIA 12,437.42 12,734.62 49,117.34 45,544.61 CALHOUN CITY 23,124.31 25,677.22 98,288.68 96,104.13 CANTON 196,739.51 213,515.47 829,831.52 825,424.14 CARROLLTON 6,650.75 6,283.69 23,968.35 22,958.43 CARTHAGE 121,871.82 125,436.25 519,961.66 514,153.36 CARY 384.93 1,220.56 3,085.73 6,007.08 CENTREVILLE 18,480.60 19,246.00 74,081.67 70,791.83 CHARLESTON 25,948.99 28,529.14 112,196.62 115,149.74 CHUNKY 665.81 510.38 3,679.75 2,286.60 CLARKSDALE 206,851.17 207,958.16 876,730.93 921,975.96 CLEVELAND 269,950.84 266,130.98 1,113,314.56 1,118,477.06 CLINTON 337,184.77 337,519.85 1,437,359.44 1,524,062.04 COAHOMA 551.75 344.98 2,158.63 1,588.28 COAHOMA COLLEGE 1,431.98 1,486.19 1,283.90 COFFEEVILLE 9,051.17 12,615.76 38,050.45 44,497.00 COLDWATER 17,061.57 19,152.16 69,280.80 66,746.46 COLLINS 104,366.39 111,434.83 442,777.43 446,427.20 COLUMBIA 271,434.77 267,583.10 1,118,363.75 1,066,074.76 COLUMBUS 677,580.87 699,400.48 2,786,093.32 2,824,364.35 COMO 14,922.57 14,652.80 58,798.14 57,304.52 CORINTH 434,112.13 437,063.12 1,827,258.02 1,778,969.78 COURTLAND 1,250.86 1,092.66 4,687.00 5,300.81 CRAWFORD 1,399.64 1,554.37 6,396.66 5,706.83 CRENSHAW 4,378.72 5,789.84 17,499.35 20,126.74 CROSBY 822.41 541.29 8,242.01 2,532.81 CROWDER 1,556.60 1,914.97 6,307.67 7,167.67 CRUGER 497.00 801.68 2,191.16 2,679.16 CRYSTAL SPRINGS 58,939.11 51,363.64 250,869.87 211,077.88 D LO 3,423.17 3,022.29 13,100.56 12,752.50 D'IBERVILLE 461,655.54 469,631.76 1,960,657.47 1,911,208.00 DECATUR 13,408.20 13,315.80 50,819.59 49,074.81 DEKALB 22,755.46 20,466.10 82,753.86 77,490.94 DERMA 5,626.95 6,205.97 22,764.71 19,827.59 DIAMONDHEAD 35,011.67 42,310.36 149,229.63 160,867.59 DODDSVILLE 756.16 659.16 2,516.44 2,512.06 DREW 9,422.20 10,005.35 39,050.79 40,240.10 DUCK HILL 4,155.11 4,182.42 16,288.70 15,713.66 DUMAS 810.10 1,137.79 4,146.32 4,120.65 DUNCAN 319.77 1,399.81 4,361.52 4,093.74 DURANT 25,975.09 25,478.59 98,388.40 98,312.58 EAST MS COLLEGE 198.83 107.67 1,646.46 1,542.54 ECRU 12,272.56 10,965.81 50,192.05 42,876.82 EDEN 62.59 53.47 255.37 197.79 EDWARDS 5,900.34 5,963.92 33,055.25 23,468.39 ELLISVILLE 82,212.22 105,199.72 333,630.91 341,017.72 ENTERPRISE 5,346.82 5,145.56 20,497.92 20,100.60 ETHEL 1,065.67 997.78 4,361.82 4,500.10 EUPORA 32,369.25 34,565.88 139,005.41 142,388.85 FALCON 60.76 43.66 385.07 211.68 FARMINGTON 3,519.79 3,846.90 16,184.56 16,965.20 FAULKNER 21,697.86 3,234.78 34,852.92 13,161.29 FAYETTE 16,607.93 16,609.22 68,492.92 65,012.99 FLORA 25,775.04 31,623.06 101,414.18 105,955.98 FLORENCE 55,710.61 59,844.80 262,045.94 239,482.93 FLOWOOD 824,770.35 839,407.30 3,372,790.76 3,305,880.87 FOREST 183,119.55 176,368.51 730,121.42 692,196.50 FRENCH CAMP 824.61 1,277.76 3,808.93 5,164.33 FRIARS POINT 2,576.67 2,437.57 9,255.19 9,962.68
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
119,014.92 158.63 188,158.89 3,839.24 2,019.24 528.57 12,110.35 4,076.51 5,523.95 501,989.12 354,337.21 314,705.66 1,541,388.26 1,092.38 16,459.46 458.84 1,658,910.19 101,878.00 30,095.23 237,817.22 4,015.43 4,729.23 717.17 14,237.06 95,581.33 303,213.03 8,747.81 76,180.11 149,512.19 4,889.04 3,224.68 11,876.89 59,751.65 2,535,521.98 4,220.57 700.33 6,294.63 156,781.50 3,704.09 6,131.88 3,610.42 798,590.39 25,305.64 465.27 45,315.52 1,618.08 38,903.18 18,906.98 101,771.82 2,455.01 1,069.44 140,665.92 158,325.12 3,400.54 13,669.86 5,317.16 6,305.84 46,554.48 493,721.50 149,500.82 33,469.92 15,977.90 2,206.89 4,879.54 17,415.17 19,066.66 14,491.86 517.17 429,373.61 1,310.87 5,886.71 11,270.59 49,966.94 1,168,388.50 7,095.53 804.85 15,053.29 38,047.05 267.72 11,915.91 462.60 42,598.56 149,593.91 4,272.65 802.55 46,668.83 7,376.30 4,210.82 426,757.85 22,613.22 227,039.18 15,092.91 7,171.81 81,869.86 3,101.13 9,168.89 6,095.13 351,922.73 24,883.18 631,281.33 5,102.65 619,211.19 556.53 1,869.20 561.70
115,890.59 123.40 188,797.33 3,594.92 1,361.25 428.09 11,807.88 4,094.20 4,183.45 494,011.43 331,102.72 320,386.22 1,533,631.73 797.07 14,601.43 458.91 1,723,784.08 106,152.26 34,740.44 229,220.90 4,082.76 5,919.34 665.63 14,480.27 93,096.49 304,116.07 8,078.59 81,040.38 150,249.56 4,879.44 2,427.72 11,473.67 57,518.79 2,550,574.51 3,966.10 703.56 5,991.95 159,026.68 3,978.82 7,327.32 3,407.05 759,734.51 24,963.85 464.65 49,082.52 1,557.91 40,116.23 20,154.17 108,407.22 2,640.27 1,026.84 136,389.24 150,132.90 3,371.41 14,838.08 5,052.73 6,518.08 48,830.12 466,801.17 155,180.16 36,528.82 15,576.87 2,519.89 4,785.28 16,007.30 19,713.08 15,821.61 531.14 425,643.94 489.85 5,675.37 10,605.60 53,691.77 1,140,643.12 6,559.73 1,043.00 6,183.44 40,901.88 737.75 9,883.13 614.42 37,180.06 132,400.76 3,811.65 638.07 51,078.06 2,266.25 8,458.53 3,226.82 422,819.11 23,261.27 222,835.94 14,157.67 8,146.48 84,518.28 3,017.38 9,691.92 5,957.89 409,322.85 25,660.41 604,592.65 5,816.75 618,750.09 560.37 1,782.07 144.86
476,837.37 508.47 767,738.56 14,375.18 8,172.49 1,766.20 48,247.94 16,058.92 15,989.60 2,015,257.78 1,433,310.11 1,356,505.50 6,546,904.36 3,293.32 63,933.04 1,789.44 6,985,991.91 407,066.09 127,133.16 970,625.20 15,978.81 21,071.53 3,530.66 57,453.67 407,866.93 1,313,724.44 32,622.65 318,654.21 642,241.08 19,788.41 9,176.37 45,476.40 266,656.08 10,634,579.04 15,819.14 2,546.41 23,357.51 655,710.93 14,609.50 26,698.72 17,240.01 3,186,472.80 107,946.44 1,890.66 195,676.31 6,950.22 159,783.52 76,750.35 453,366.39 9,620.16 4,028.24 597,352.39 646,617.85 13,472.95 58,783.62 19,249.70 23,099.85 192,797.07 2,065,761.52 647,356.62 136,564.10 68,240.63 9,346.77 19,176.69 71,766.95 80,002.57 61,285.40 2,534.82 1,784,324.07 12,482.65 24,415.64 41,351.76 231,704.52 4,945,967.32 27,933.44 4,208.47 66,211.68 153,279.41 1,967.17 34,376.65 2,475.32 165,068.40 590,180.45 16,458.49 2,346.93 87,023.10 689.68 29,940.62 17,975.70 1,750,512.16 104,815.87 945,917.33 61,193.52 30,292.16 339,067.14 13,305.01 34,968.72 22,958.35 1,472,372.07 99,827.53 2,628,225.28 21,132.51 2,357,298.01 2,252.62 7,619.27 1,145.20
466,714.26 468.17 745,571.53 14,429.75 6,751.72 1,402.68 44,616.99 16,853.75 14,661.61 2,004,546.60 1,423,304.04 1,304,993.07 6,327,510.60 3,027.28 59,947.86 2,605.18 6,722,716.36 417,472.50 136,448.14 922,536.03 15,668.58 23,887.92 3,291.52 57,982.14 388,686.29 1,279,882.62 32,691.45 332,684.74 627,372.72 21,725.72 7,104.08 48,109.54 281,647.66 10,260,526.94 15,223.21 3,920.53 22,823.39 649,659.69 14,904.06 27,571.82 13,309.06 2,959,154.75 93,703.08 1,909.94 190,694.68 6,086.68 148,193.61 76,316.05 444,313.32 9,318.84 4,379.17 568,258.75 616,338.75 13,005.88 58,763.02 21,737.49 26,077.71 196,263.35 1,883,283.40 651,284.99 137,117.12 67,840.41 10,540.03 18,797.44 65,105.45 80,040.86 62,397.11 2,083.56 1,709,598.48 1,989.87 23,476.19 39,526.42 198,297.28 4,670,768.73 27,911.04 4,413.71 41,207.36 154,382.74 2,669.61 40,681.55 2,383.90 152,157.74 536,530.35 22,364.29 1,744.75 101,848.78 3,125.77 33,906.41 14,520.68 1,721,356.57 95,828.71 920,169.24 64,818.90 29,250.59 334,344.37 11,644.40 37,305.37 23,572.42 1,487,602.12 98,464.31 2,470,073.00 23,396.95 2,233,981.17 2,300.47 7,293.40 604.78
PASCAGOULA PASS CHRISTIAN PAULDING PEARL PELAHATCHIE PETAL PHILADELPHIA PICAYUNE PICKENS PITTSBORO PLANTERSVILLE POLKVILLE PONTOTOC POPE POPLARVILLE PORT GIBSON POTTS CAMP PRENTISS PUCKETT PURVIS QUITMAN RALEIGH RAYMOND RENOVA RICHLAND RICHTON RIDGELAND RIENZI RIPLEY ROLLING FORK ROSEDALE ROXIE RULEVILLE SALLIS SALTILLO SANDERSVILLE SARDIS SATARTIA SCHLATER SCOOBA SEBASTAPOL SEMINARY SENATOBIA SHANNON SHAW SHELBY SHERMAN SHUBUTA SHUQUALAK SIDON SILVER CITY SILVER CREEK SLATE SPRINGS SLEDGE SMITHVILLE SNOWLAKESHORES SOSO SOUTHAVEN SOUTHWEST COMM STARKVILLE STATE LINE STONEWALL STURGIS SUMMIT SUMNER SUMRALL SUNFLOWER SYLVARENA TAYLOR TAYLORSVILLE TCHULA TERRY THAXTON TISHOMINGO TOCCOPOLA TOWN OF WALLS TREMONT TUNICA TUPELO TUTWILER TYLERTOWN UNION UNIV OF MISS UTICA VAIDEN VARDAMAN VERONA VICKSBURG WALNUT WALNUT GROVE WALTHALL WATER VALLEY WAVELAND WAYNESBORO WEBB WEIR WESSON WEST WEST POINT WIGGINS WINONA WINSTONVILLE WOODLAND WOODVILLE YAZOO CITY TOTAL
448,441.98 88,596.29 149.06 673,910.25 27,281.20 182,128.10 338,221.61 312,906.88 7,785.96 377.21 3,868.20 197.42 172,077.23 2,474.55 52,155.76 19,160.71 7,017.41 31,747.44 10,049.23 58,967.30 45,251.56 17,337.87 16,992.09 3,929.10 398,757.93 27,437.09 936,551.98 3,562.79 96,480.96 41,484.63 9,244.26 1,549.72 20,694.27 1,983.72 46,835.89 91,500.77 24,262.34 372.95 1,706.95 6,429.60 16,198.19 11,783.76 161,608.42 11,688.22 6,715.81 9,040.44 12,848.90 3,934.32 2,152.95 791.37 371.69 2,893.39 178.08 1,983.37 6,067.78 413.52 12,571.99 945,370.17 96.72 496,970.22 11,463.44 6,947.05 2,727.56 31,637.80 5,690.45 34,657.16 2,518.30 240.68 2,231.31 25,885.34 7,082.75 24,156.57 3,442.61 8,481.45 528.58 6,273.94 1,984.87 46,467.34 1,373,972.61 4,082.96 51,206.77 29,047.22 32,791.47 13,842.61 10,360.51 10,253.36 17,352.58 581,813.99 16,388.28 6,489.55 1,811.06 37,978.59 163,734.86 164,874.51 9,232.89 2,146.41 14,351.91 2,110.28 188,587.91 131,383.33 79,833.28 313.62 4,930.02 30,260.82 136,640.67 $32,102,166.39
405,008.02 83,722.40 142.52 664,725.59 24,399.17 172,365.15 307,347.13 360,751.80 8,229.54 374.07 3,825.04 595.91 177,189.55 4,226.32 55,405.04 19,413.29 8,409.76 35,894.03 10,918.41 57,912.25 41,743.23 17,898.49 19,562.38 3,503.58 354,896.07 26,956.52 960,418.46 2,543.63 102,379.43 37,129.98 10,471.41 1,411.51 18,475.20 2,069.97 67,530.46 64,923.03 23,972.68 537.98 1,017.14 11,545.71 14,524.46 11,271.81 147,512.48 12,658.56 7,212.64 9,986.79 11,883.16 3,732.26 1,612.47 827.57 411.80 3,024.32 193.91 1,844.37 5,790.21 118.40 12,978.84 1,005,634.20 104.90 498,516.66 8,660.37 6,778.99 2,403.68 34,818.53 4,763.03 37,580.92 2,255.95 353.72 1,931.96 24,048.12 7,305.65 25,124.39 3,302.03 8,304.61 627.19 3,196.41 1,536.37 40,675.68 1,386,583.39 3,591.42 54,900.97 26,454.20 34,762.57 12,737.43 12,813.28 10,351.33 20,787.74 588,395.39 18,396.61 7,490.77 1,786.47 39,997.70 179,398.86 165,626.57 9,163.52 2,222.98 16,917.28 1,735.81 172,304.82 137,967.79 84,512.69 286.75 5,678.57 27,409.39 138,270.27 $32,160,609.92
1,813,481.56 1,697,718.92 374,269.98 367,006.06 565.31 445.01 2,901,042.08 2,726,930.88 131,164.07 109,602.15 756,612.54 696,465.35 1,350,870.75 1,266,240.71 1,416,764.58 1,332,500.55 30,102.65 32,237.49 1,790.43 1,974.15 15,236.52 14,654.57 1,664.52 1,316.77 745,430.00 711,550.01 9,643.02 15,343.04 224,694.68 204,122.48 78,829.48 77,800.09 30,222.10 37,179.68 144,474.59 138,593.80 38,788.89 35,904.05 242,361.01 223,714.69 184,829.73 167,658.57 70,368.53 65,332.65 66,051.28 66,391.14 11,268.47 12,035.31 1,684,525.67 1,478,388.19 106,928.14 102,722.92 4,060,907.39 3,816,760.36 15,619.63 9,698.47 391,989.74 405,284.95 147,878.07 131,533.57 36,388.48 39,477.74 6,187.99 5,355.22 78,862.69 76,989.57 8,205.09 8,854.14 223,030.10 238,066.97 277,872.57 212,211.96 98,899.48 97,865.81 1,420.06 1,657.81 4,572.70 3,919.62 23,906.91 28,990.50 62,386.84 59,780.35 47,178.61 44,589.49 659,881.87 599,843.89 48,742.08 62,116.20 27,283.81 26,047.10 35,912.59 38,612.05 49,021.60 49,509.48 15,488.00 13,836.36 8,042.70 7,693.58 3,454.44 3,078.15 1,498.90 1,498.96 11,858.08 11,717.02 773.67 865.16 6,642.28 6,225.58 22,357.76 22,548.93 1,601.97 503.24 48,325.14 44,782.50 4,011,469.92 4,001,475.78 341.66 1,266.15 1,966,455.10 1,857,128.32 41,645.20 35,150.76 27,521.87 26,264.88 11,254.69 21,660.89 141,052.86 126,713.99 18,195.80 19,287.54 147,691.05 137,187.09 9,010.13 8,867.46 1,160.69 1,332.94 7,796.30 7,488.42 101,582.25 100,253.37 29,537.82 28,802.72 95,839.55 97,263.15 15,094.84 12,289.22 34,986.80 33,863.90 2,168.75 2,290.87 19,673.16 15,122.62 7,905.41 7,649.16 180,870.93 165,007.91 5,786,161.03 5,758,284.59 16,382.33 15,158.76 213,928.34 212,739.95 116,574.24 115,463.64 63,283.59 67,479.17 50,962.04 47,838.55 36,918.67 42,363.17 40,325.99 43,693.57 77,093.80 79,150.50 2,494,140.89 2,451,570.12 66,509.02 67,733.00 24,898.39 25,599.68 7,646.77 8,006.78 158,176.79 160,825.25 730,039.24 696,259.82 693,345.66 668,781.01 38,127.26 33,931.59 8,624.00 9,523.94 56,227.14 60,116.34 7,058.48 6,654.81 718,251.15 693,490.97 584,166.53 556,085.44 337,963.48 351,654.39 888.09 1,458.03 23,570.51 22,309.82 113,545.68 104,372.60 560,283.31 591,184.57 $134,120,115.84 129,547,940.30
