Greater Fayetteville Business Journal - December 22, 2021 Issue by bizfayetteville

Chambers of Commerce How are local chambers recovering from the pandemic? Page 16-17

December 22, 2021 - January 6, 2022 Vol. 1, No. 15

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WEB EXCLUSIVE Military Business

Renovated Fort Bragg facility hosts BMW education program bizfayetteville.com

Health Care

Blood Donor Center calls on businesses for blood drive needs Page 13

Commercial Real Estate Fayetteville lodging industry is Army strong Page 14

PHOTOS PROVIDED BY LUMBEE GUARANTY BANK

Lumbee Guaranty Bank has seen great success over the past 50 years

Index

Economic Indicators .............................. 3 Publisher’s Notes ................................... 4 From The Experts ................................8-9 Achievers .............................................10 Health Care .........................................13 Commercial Real Estate .......................14 In The News ....................................16-17 Biz Leads ....................................... 20-21

SUBSCRIBE NOW SUBSCRIBE TO THE BUSINESS JOURNAL NOW AT BizFayetteville.com/subscribe Your subscription includes: • Unlimited access to stories on BizFayetteville.com • Two Business Journals mailed to you every month • The 2022 Book on Business delivered to you in January.

LUMBEE GUARANTY BANK CELEBRATING 50 YEARS OF SERVING THE COMMUNITY

umbee Guaranty Bank is going strong 50 years after it was founded, but the company had humble beginnings. "The origination of the bank was essentially due to a group of businessmen in Pembroke, North Carolina, who perceived a need for banking services basically for an underserved population, and at that particular time, that [would’ve] been the Lumbee Indian tribe which the majority of the members of our tribe are locally concentrated here in Robeson County, specifically around Pembroke,” Kyle Chavis, the CEO of Lumbee Guaranty Bank, explained. When people needed banking services, they had to travel roughly 20 minutes east to Lumberton or approximately 20 minutes west to Laurinburg. Leaders in the business commu>>

By Jenna Shackelford

nity saw a need for a local bank, so they approached Southern National Bank, headquartered in Lumberton at the time. Several years later, Southern National Bank merged with BB&T. The bank leadership declined the request to put a branch in Pembroke as they did not believe it was the proper strategy for them at the time. But the need was still there. The challenge created an opportunity for innovation; the businesspeople decided they would explore the option of chartering a bank themselves. Ultimately, they appeared before the North Carolina Commissioner of Banks in Raleigh to ask for a state charter. There were guidelines for them to follow; they had to raise capital, having at least 75 percent of the capital raised from Native Americans in the area, with no more than

$20,000 invested by an individual stockholder. “There were about 750 initial subscribers to the stock who contributed capital,” Chavis explained. “They raised about $670,000 dollars … Today, you’d probably have to raise between ten and 15 million dollars. “So, anyway, they raised that money, and stock was sold literally going door to door,” he continued. “People bought as little as a share for ten dollars. There were a lot of small shareholders initially. That’s really held true throughout the history of the bank.” The bank opened in December 1971. Since then, Lumbee Guaranty Bank has seen tremendous growth, spanning across three counties, opening numerous locations and having a significantly larger customer base. “We are grateful for the support See LUMBEE GUARANTY BANK, page 7

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December 22, 2021 - January 6, 2022

Greater Fayetteville Business Journal

Fayetteville’s 100.1% Christmas Station All Christmas...All The Time Through the Holidays

Merry Christmas from our family to yours Jeff and Christy “Sweet Tea” Andrulonis A quality service of Andrulonis Media - Founded in Fayetteville in 1995

Greater Fayetteville Business Journal

December 22, 2021 - January 6, 2022

Page 3

ECONOMIC INDICATORS

bizfayetteville.com

RECENT UNEMPLOYMENT RATES UNITED STATES NORTH CAROLINA CUMBERLAND COUNTY FAYETTEVILLE MSA ROBESON COUNTY OCTOBER 2021: NOVEMBER 2021: OCTOBER 2021: OCTOBER 2021: OCTOBER 2021:

5.6%

5.5%

6.0%

DOWN FROM DOWN FROM NOVEMBER 2020: OCTOBER 2020:

DOWN FROM OCTOBER 2020:

HARNETT COUNTY HOKE COUNTY OCTOBER 2021: OCTOBER 2021:

MOORE COUNTY OCTOBER 2021:

RALEIGH MSA OCTOBER 2021:

SAMPSON COUNTY OCTOBER 2021:

4.1%

5.0%

3.4%

3.0%

3.4%

DOWN FROM OCTOBER 2020:

3.9% 6.4%

6.8%

3.6% 6.4%

8.0%

8.7%

5.3%

OCTOBER STATE SALES AND USE TAX COLLECTION (CUMBERLAND COUNTY) STATE SALES TAX COLLECTION OCTOBER 2021

8.9%

8.6%

5.6%

$22,101,287 UP FROM STATE SALES TAX COLLECTION OCTOBER 2020

$19,727,717

5.3%

Source: NC Department of Revenue

Source: N.C. Department of Commerce

NOVEMBER MEDIAN HOME SALES PRICE

LABOR FORCE BY INDUSTRY (FAYETTEVILLE MSA)

(SINGLE-FAMILY, FAYETTEVILLE AREA)

OTHER SERVICES

250K

MANUFACTURING

3.66%

6.83% TRADE, TRANSPORTATION & UTILITIES

200K

19.28% GOVERNMENT

INFORMATION

Source: Realtor.com

$169,000

50K

$170,000

100K

$154,900

31.57%

2019

2020

2021

HOMES SALES DAYS ON THE MARKET (FAYETTEVILLE AREA)

FINANCIAL ACTIVITIES 3.01% PROFESSIONAL & BUSINESS SERVICES LEISURE & HOSPITALITY

9.11% EDUCATION & HEALTH SERVICES

13.59%

12.21%

Source: NC Department of Commerce

2020 vs 2021 (October) FAYETTEVILLE MSA CIVILIAN LABOR FORCE 200,000

LABOR FORCE

150,000

100,000

50,000

0.73%

5/20 6/20 7/20

8/20 9/20 10/20 11/20 12/20 1/20 2/21 3/21 4/21 5/21 6/21 7/21 8/21

Source: Realtor.com/research

148,401

145,976

OCTOBER

2020

2021

AVERAGE PRICE PER GALLON FOR REGULAR UNLEADED IN FAYETTEVILLE ON DECEMBER 16, 2021:

$3.02 AVERAGE PRICE PER GALLON IN FAYETTEVILLE ON DECEMBER 16, 2020:

$2.02

0 Source: N.C. Department of Commerce

Source: gasbuddy.com

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Greater Fayetteville Business Journal

December 22, 2021 - January 6, 2022

PUBLISHER'S NOTES

4424 Bragg Blvd, Fayetteville, NC 28303 910-240-9697 bizfayetteville.com PUBLISHER Marty Cayton martyc@bizfayetteville.com ASSOCIATE EDITOR Jenna Shackelford jennas@bizfayetteville.com CONTRIBUTING WRITERS Alyssa Hall Kathie Harris Jenna-Ley Jamison Monica Kreber Suet Lee-Growney Jami McLaughlin Brian Miner Scott Nunn Keyuri Parab CONTRIBUTING WRITER MARKETING CONTENT Stacie Borrello CONTRIBUTING DESIGNER Samantha Lowe samanthal@bizfayetteville.com ACCOUNTING Priscilla Nelson billing@bizfayetteville

The Greater Fayetteville Business Journal is published twice a month throughout Fayetteville and the Cumberland County region. News related to the region’s business sector is posted daily at bizfayetteville.com. SUBSCRIPTIONS Your free trial of Greater Fayetteville Business Journal is ending soon. To subscribe, call 910-240-9697 or visit bizfayetteville.com/ subscribe. Subscriptions cost $9.95 per month or $95 per year. REPRINT For article reprints, plaques and more contact Jenna Shackelford at 910-240-9697. ADVERTISING For advertising information, please email us at marketing@bizfayetteville.com or call 910-240-9697. © Copyright 2021 Greater Fayetteville Business Journal

RAWPIXEL.COM/FREEPIK

May you experience peace and joy this holiday season. Merry Christmas.

‘Joy To The World’

hat a great song. Wouldn’t it be nice if the world truly did have joy? Especially during this season, we often think about those we love, those we’ve lost and, yes, unfortunately, those we’ve hurt or those who have hurt us. Christmas and the holidays seem to amplify our memories and emotions. An unfortunate event at any time of the year can feel tenfold with the holidays. Maybe it’s because we have these expectations of how we believe Christmas should be, and when the season doesn’t meet our expected results, we lose our joy, so to speak. The last two years have been very tough on everyone, and some more than others. You can see the tension and the loss of joy in people's faces at the grocery store, at a stoplight, at work or even in our own families. Stress primarily centered around uncertainty; the unknown. Or, around the real and tangible — like rising prices everywhere.

SO WHAT CAN ENTREPRENEURS AND BUSINESS EXECUTIVES DO TO HELP? HERE ARE A FEW THOUGHTS: • Tell your coworkers and employees how important they are on a regular basis. • Make sure your customers know how thankful you are for their business. • Be kind to your vendors and assume they are looking out for your best interest. • Use every encounter to bring joy to someone else by choosing a kind word, offering a smile or a hand when needed. • Don’t take tomorrow for granted. If anything else, the last two years have made it very clear how fragile life really is. • Ask your coworkers, employees, customers and vendors for ideas about how your business can be better - for them. At the end of the day, we each can bring a little bit of joy to the world — each and every day. Let’s not wait, nor procrastinate. Pick up the phone and make the call to that family member that needs to hear from you.

Ask that customer to lunch, not just to thank them for their business, but to see how you can help them with theirs. Give that great employee their long overdue review and raise! In closing, I would like to share one of my family’s Christmas traditions. We love to watch the movie “It’s a Wonderful Life” every Christmas Eve. The story is familiar to many, and I won’t get into what some might call “sentimental hogwash,” as old man Potter would coin in the movie. But let me tell you, and listen well. No amount of money will replace a family that loves you, or a friend that would go out on a limb for you. That’s the message of the movie. No man is a failure who has friends. Cherish them. Be a friend. Bring joy to someone’s life today. You can do it. It’s a decision. Merry Christmas and happy holidays! God bless you and yours. Marty

MARTY V. CAYTON is the publisher of the Greater Fayetteville Business Journal. 910-240-9697, Ext 101 • martyc@bizfayetteville.com

Greater Fayetteville Business Journal

December 22, 2021 - January 6, 2022

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bizfayetteville.com >>

Staff Report

Pork and perceptions NEW STUDY SHOWS SAMPSON AND DUPLIN COUNTY RESIDENTS LIKE AREA, HAVE POSITIVE FEELINGS TOWARD AGRICULTURAL INDUSTRY

recent survey conducted by CHS & Associates indicates that Sampson County residents have positive feelings toward their local community. Five hundred registered voters in Duplin and Sampson Counties were surveyed for the study. The results showed that nine out of ten people saw their communities as good, very good or great places to live. “There’s a misperception out there that people don’t want to live in these communities because of negative impacts from agriculture. Our survey found just the opposite. People love living here, enjoy spending time outdoors, and overwhelmingly view agriculture as having a positive impact locally,” said Pat McFerron, president of CHS & Associates, a national research firm that has been providing trusted data and analysis since 1989. “We don’t often find Republicans and Democrats agreeing, but both groups believe the communities in Duplin and Sampson coun-

ties are good or even great places to live,” McFerron continued. One of the issues addressed in the survey was projects that support renewable natural gas on farms. With a 6-1 margin, “voters support efforts by farmers to cover lagoons, capture gases and generate renewable energy,” a press release on the study said. In addition, 77 percent of residents in the two counties saw the agriculture industry’s impact as very (54%) or somewhat (23%) positive. Seventy-three percent of residents in Sampson and Duplin Counties reported that the impact of the pork industry is positive, “most often pointing to jobs and economic impact (63%).” The surveying occurred from Sept. 20 to Sept. 27 on behalf of of the NC Pork Council. CHS disclosed that the confidence interval associated with the sample is that 95% of the time the results are within 4.3% of the true values.

THE COMMUNITY BANK OF THE NATION’S CAPITAL IS NOW IN THE CAROLINAS. United Bank, the largest community bank headquartered in the DC Metro Region, is excited to expand its presence in the Carolinas. For more than 180 years we have been providing excellence in service to our shareholders, customers, communities and employees. Focusing on relationships and service, we have the capacity, the expertise and the technology to meet any of your banking needs. At United, we make it easy.

The results showed that nine out of ten people saw their communities as good, very good, or great places to live.

GRAPHIC PROVIDED BY CHS & ASSOCIATES

The results of a recent survey show that the agricultural industry in Duplin and Sampson Counties do not create a negative perception of the areas overall.

Learn more at BankWithUnited.com/BankUnited Member FDIC

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December 22, 2021 - January 6, 2022

Greater Fayetteville Business Journal

910.321.8001 · www.hubfaye.com The Hub is Fayetteville’s Business and Community Connector. As co-working business models continue to evolve,and we continue to work through modern challenges in commercial office workspace, The Hub is Fayetteville’s professional answer to a flexible, low cost, technology-driven office setting with multiple floor plans and options to best suit your business and professional needs. More than just a workplace, The Hub creates a professional environment that will propel your business or organization into the future.

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Greater Fayetteville Business Journal >>

By Jenna Shackelford

December 22, 2021 - January 6, 2022

bizfayetteville.com

BANKING + FINANCE

Page 7

From LUMBEE GUARANTY BANK, page 1

PHOTOS PROVIDED BY LUMBEE GUARANTY BANK

Lumbee Guaranty Bank takes pride in its commitment to the communities it serves. Since its inception in 1971, the bank has branched out, forming locations in Robeson, Cumberland and Hoke Counties.

“Most of all, we really focus on the service aspect. That’s why we call ourselves your ‘hometown community bank.’ We grew up here, we go to church with you, our kids play ball with you, we serve on the same committees and the same boards and are involved in the same organizations with you. We are a part of the small business community so we feel like we are uniquely qualified to serve the small business community.” — Kyle Chavis, CEO of Lumbee Guaranty Bank

we’ve had for 50 years from our community. If it were not for our customers, we would not be here,” Chavis said. "We now have fourteen locations across a three county area [Robeson, Cumberland and Hoke Counties],” he reported. “We’re approaching $500 million dollars in assets and we are a full-service commercial bank. We provide a wide variety of banking services that you can get at any other larger institution. We provide everything from loans to deposits to investment services, insurance services … We serve a very broad and diverse customer base now.” Since Lumbee Guaranty Bank initially served the underserved Lumbee Tribe, Chavis said there’s a misconception about who can bank there. "One of the challenges that I’ve seen in my time at the bank is that as we’ve expanded into markets outside of what I call our ‘legacy markets’ here in Robeson County, there’s been a perception that you have to be a member of the Lumbee Tribe to bank at Lumbee Guaranty Bank,” he said. “We have all kinds of customers. We have a lot of small business customers. Mostly small business and retail because we are a small community bank, but we serve everyone,” Chavis clarified. “We’ve evolved from the original mission of the bank

to be able to provide services to an underserved population to, while we still embrace that as our history … we are a bank for everyone now.” Although the mission has changed, Chavis said they have a new mission now. “Our number one mission is to serve our customers, and that will continue to be our mission,” he said. Lumbee Guaranty Bank proudly refers to itself as “your community bank,” and goes to great lengths to invest in the communities it serves. “From a business standpoint, our deposits that we gather are from the local community, so we invest those deposits back into the community primarily through lending activities,” Chavis said. “We typically do not loan money outside of our primary market area … so those dollars that we have on deposit from our depositors are immediately reinvested to borrowers here in the communities that we serve by means of small business loans, mortgages, auto loans, home equity loans, credit, that sort of thing.” Additionally, for over thirty years, the bank has had a college scholarship program where it has granted $1000 per year, renewable four-year scholarships to a high school senior at each of the high schools in the communities they serve. Lumbee Guaranty also endowed

a $25,000 scholarship at Fayetteville State University for their school of business recently; at UNC-Pembroke, the bank supports their athletics program, and at Robeson Community College, LGB provides a number of scholarships. In general, other than contributing dollars, the bank encourages the bankers to be involved in the community. Many of them are involved in civic and community organizations like Kiwanis, Rotary, boards of trustees and hospital boards. “That’s a big way that we feel like it’s important to reinvest,” Chavis said. “It’s just being involved.” Another means of investing in the community is through Lumbee Guaranty’s financial literacy program that goes into the public schools in the three counties to educate students on finances from elementary school through high school. “We like to take that opportunity to go in and talk about budgeting, and for older students, talk about the importance of credit and establishing a banking relationship,” Chavis said. The business is publicly traded on the OTCQX exchange. “We’re traded under the symbol ‘LUMB’... We have about 1,100 shareholders now of our common stock,” Chavis said. They have a regular common stock and a class-A stock. They chose to split their shareholders into

two classes a few years back so they could get under the SEC requirement of 1200 shareholders or less. In total, they have about 1,700 shareholders now. The stock is trading at about $12.50 a share. “It’s pretty much locally concentrated,” he said. “We’re still about 75 percent-owned, best we can tell, by Native American shareholders.” Chavis hopes that LGB’s love of the communities they serve and their involvement as a small business will encourage businesspeople to consider banking there. “We are a small business as well,” Chavis said. “We have less than 100 employees here at the bank. Our decision-making process is all a local process … We are open and ready to do business.” “As a community bank, a lot of times we can offer a little more flexibility than our larger competitors,” he continued. “Most of all, we really focus on the service aspect. That’s why we call ourselves your ‘hometown community bank.’ We grew up here, we go to church with you, our kids play ball with you, we serve on the same committees and the same boards and are involved in the same organizations with you. We are a part of the small business community so we feel like we are uniquely qualified to serve the small business community.”

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FROM

THE EXPERTS

Greater Fayetteville Business Journal

December 22, 2021 - January 6, 2022

bizfayetteville.com

By Keyuri Parab

ABSOLUTVISION/UNSPLASH

Is print media worth the effort when going digital is all the rage? Experts share their thoughts.

Where is print headed? EXPERTS SAY PRINT IS A VIABLE MARKETING OPTION FOR INTENTIONAL READERS

ver 1,800 newspapers have closed in the U.S. since 2004 and about 90 local newsrooms closed during the COVID-19 pandemic, poynter.org reported. As more communities lose access to local news and newspapers close, the future of print media looks uncertain. Greater Fayetteville Business Journal spoke to two faculty members at UNC Chapel Hill’s Hussman School of Journalism and Media on where print may be headed. “The answer may not be as binary as we think, and print has just fundamentally changed from how it existed maybe 20, 50 or 100 years ago. You think about it 100 years ago -- print newspapers were an immediate way to get information, and that's not the case now since we’ve had massive technological change,” said Erica Beshears Perel, director for the Center for Innovation and Sustainability in Local Media at UNC’s Hussman School of Journalism.

She mentioned the concept of shelf life has changed. Print papers which were once an immediate way to access information have been replaced with much faster ways. “And print may occupy a different space in this question of, ‘Is this something you want to keep around for longer, or is this something that may have a longer shelf life? Do we want to create something that has more staying power versus breaking news?”’ Beshears Perel said. Part of the change in print media has been the economic model that made newspapers profitable in the 20th century. “For a long time it was a very effective way for advertisers to get a lot of eyeballs. Newspapers used to be a bundled product where you would read it to get the sports scores, get recipes, so many people would turn to newspapers for a lot of different reasons,” Beshears Perel said. “So it was a bundled product and reached a

large audience and was a very effective way for businesses to reach their customers.” That model has since been broken with the new technology offering other ways for companies to reach business, creating new ways to target specific interests. “I would say the print model, the price of newspapers is high today, it costs more to produce now and advertising is supposed to discount the price for the consumer but that’s not happening anymore, because advertising has reduced,” Deb Aikat, professor at UNC Chapel Hill said. “The best way to advertise today is social media, and social media is not an advertising medium, it’s a sharing medium, our world and personalizations have changed.” The newspaper industry has had an incredibly difficult time adjusting to the change of this previously very successful economic model to a different reality, in terms of figuring

out staffing, and creating a digital revenue model that supports the publication, Beshears Perel said. She advises news consumers to really think about the intentionality with which they consume news. “I think one of the changes of the last 10 to 15 years has been people consume media less intentionally and passively,” Beshears Perel said. “You’re scrolling through social media and you see a headline that someone has shared, that’s a passive way to consume news versus picking up a newspaper is a very intentional way.” “Deep reading is something we don’t do all that anymore,” Aikat added. “I need a wide screen computer versus a cell phone.” Originally from India, Aikat moved to the U.S. 30 years ago and says he’s amazed by how many people do not read or don’t subscribe to See PRINT MEDIA, page 9

Greater Fayetteville Business Journal

December 22, 2021 - January 6, 2022

bizfayetteville.com From PRINT MEDIA, page 8

a newspaper today. “It starts in highschool where we learn you can get away without reading,” he said. “There’s also so many not reading classics anymore, in highschool they are reading the Cliff Notes version of stories.” A 2014 study by the American Press Institute showed that at the time about six out of 10 Americans did not read past the headline. “I still get print magazines and I enjoy reading them,” Beshears Perel added. “I do find there’s a different readership experience to reading something in print, especially something that’s long and taking that more of an experience. I think it’s done more intentionally.” There are plenty of ways to create intentional experiences digitally, but it is helpful to think of news consumption and news diet in ways where we think of things we want to know about everyday, she said. “I don’t know if we’re there in terms of what audiences are doing but I personally feel like I am a more informed person when I read and finish a handful of articles and newsletters versus scrolling on social media,” Beshears Perel said. “We’ve

seen a lot of newspapers close and there’s the Democracy Fund and Pew which has done a lot of research about what happens to communities without local news and how it affects civic engagement.” With the current news climate, there is a lot of research happening on the misinformation and the flattening of content on social media platforms which makes it harder for the public to differentiate between reliable and unreliable information. Both, Beshears Perel and Aikat said where print is headed and readership depend on access to the internet in the country. “I think the future of newspapers and printing is going to depend on ownership and market size and also reader habits,” Beshears Perel said. “One thing to think about is that not everywhere in America has a great internet, so there’s quite a few communities where a digital edition is not very accessible to a large portion of the population.” The future of journalism is meeting audiences where they are and trying to figure out what are the information needs of communities, specifically the ones that enhance democracy, that provide facts, that pro-

Page 9

THE EXPERTS FROM

“

... I personally feel like I am a more informed person when I read and finish a handful of articles and newsletters versus scrolling on social media.” DEB AIKAT

Professor, UNC Chapel HILL

mote community instead of just life and then providing those in a variety of platforms that serve readers in a platform neutral way, she mentioned. A UNC news desert study from 2018, about 1,300 U.S. communities have completely lost news coverage. “Because some people are going to be best served by a print product and some desktop or text messages,” Beshears Perel said. :It’s kind of more about what the audience needs and serving them and less about bending the audience to a particular platform or product.”

She suggests that it may be possible that a demographic may want more than one kind of platform. We have become very hyper local in terms of everything, Aikat added. “There is no one answer to where print is going, it’s now a donation based model, strict subscription based model and such,” he said. “As we pass on to a digital society, information is all around but truth be told, the information is very exclusive to certain people, so say with your publication, the Greater Fayetteville Business Journal is very important to a niche of people in your area, so this micro-targeting model is now very important.” When asked Beshears Perel if she thought print was dead, she said it was more complicated than that. “I think the traditional business model for print journalism is dead, that doesn't mean there won’t be a new one or that there isn’t a future for print in a specialized way,” she said. “While the financial model for journalism is worrisome, I think there are areas that have shown a lot of promise in the last five years. There’s a lot of opportunity and good things happening in the media landscape.”

Page 10

ACHIEVERS City of Fayetteville announces new corporate communications director The City of Fayetteville recently announced the appointment of JODI PHELPS; she will serve as the new corporate communications director for the city. “I am honored by this chance to serve the community my family calls home,” Phelps said. “Fayetteville has an incredible story to tell with a Phelps bright future, and I look forward to working alongside City leadership and staff to ensure our residents are well-informed and engaged while we collectively work to build upon the strong foundations in place.” Phelps has over twenty years of experience in communications, marketing, and organizational leadership. Before joining the communications team with the city, Phelps worked for UNCP as the chief communications and marketing officer since 2016. “I am humbled and honored to have served UNCP and the entire Pembroke community over the last 6 years. It will forever be one of the greatest privileges of my life. This team I leave behind is more than capable of continuing the important work we started while I move on to the next big adventure waiting for me on Monday,” Phelps said in a Facebook post last week. Her new position entails overseeing media relations, strategic internal and external communication, and marketing plans. “We’re grateful to add Jodi to our hardworking lineup of senior City leaders,” City Manager Doug Hewett said. “Her energy will serve as an asset as we navigate the needs of Fayetteville residents and stakeholders. We believe she knows this area well, which is one reason why she stood out. I’m sure she will develop beneficial relationships amongst staff, neighbors and at all levels of government.” Phelps earned a Bachelor of Arts degree in Communication and History with a minor in Art History from Mercer University. She also holds a Master of Business Administration degree from Thomas University.

VentureSouth named one of top ten angel investment groups in North America

Greater Fayetteville Business Journal

December 22, 2021 - January 6, 2022

bizfayetteville.com

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

Greater Fayetteville Business Journal wants to hear from you and your business to shine a spotlight on your accomplishments. To nominate someone for GFBJ’s Achievers section, email editor@bizfayetteville.com with the subject line “Achiever.”

VentureSouth was recently recognized by the Angel Capital Association as being in the top ten angel investment groups in North America. This is the fourth time that VentureSouth has received the recognition. VentureSouth was recognized for its 26 investments in 2020, totaling more than nine million dollars. Just last year, the fourteenth branch of the angel investment group started up in the Fayetteville region. The area director is local businessman Marty Cayton. (Editor’s note: Cayton is the publisher of Greater Fayetteville Business Journal.) The group has 400+ angel investors in the Southeast. Co-Founder and Managing Director Matt Dunbar said in a press release: "We are honored to once again rank among the largest and most active angel investing organizations in North America - especially in light of all the challenges and uncertainties presented by the pandemic. Our continued momentum is a testament to our highly engaged investors, talented staff, robust investing model - and the resilient entrepreneurs leading our portfolio companies."

among the “best and brightest emerging Indian Country leaders.” Freeman is part of the Lumbee tribe. The organization considers leaders in a variety of fields including academia, government, nonprofits, tourism, nature conservation, technology and more, their website says. “Every year, we recognize 40 young Indian Country leaders who are paving new paths and opening new possibilities for their communi-

ties,” said National Center President and CEO Chris James. “The 2021 40 Under 40 class is showing future generations of Native leaders how hard work, perseverance, and dedication to your community and profession can pay dividends.” The center held a reception for the awardees on Dec. 10 in Harrah’s AkChin in Arizona to commemorate the achievement.

Holmes Security Systems wins three awards at Resideo conference Holmes Security Systems, a Fayetteville-based company, received awards in three categories at the 32nd

The National Center For American Indian Enterprise Development names Robeson County entrepreneur in 40 Under 40 awardee list JAMES FREEMAN, the president of the Emerging Technology Institute in Red Springs, N.C. was named as one of the recipients of The National Center’s Native American 40 Under 40 honor. The organization explains that those honored with the award are

Pictured from L-R: Luke Wheeler, Stephen Wheeler, Lynnie Guzman, Duncan Hubbard

annual Resideo conference in Orlando on Saturday, Dec. 11. Resideo is a global technology leader that helps people to be in charge of their home comfort, safety

and security. The company is also a top global distributor of security and fire products. Holmes Security Systems prides itself in providing the latest and greatest security and life safety technology through their partnership with Resideo. The awards that Holmes Security Systems received were for Life Safety, Community Service, and Marketing Excellence. "It was an honor to accept the Marketing award on behalf of Holmes. However, being there to see us recognized for Life Safety and Community Service was most meaningful; after all, that is why we do what we do," said Marketing Director Lynnie Guzman. Holmes Security Systems has been a part of the community for over a century. In that time, the core values of caring for our customers, community, and employees have remained steadfast, said Luke Wheeler, Vice President.

FTCC Foundation receives donation from local businessman Fayetteville Technical Community College Board Trustee and Senior Vice President of First Bank BILL HEDGEPETH II contributed generously to the FTCC Foundation on Giving Tuesday. He gave a $15,000 donation to endow a new scholarship in honor

Pictured from L-R: FTCC President Dr. Larry Keen, Bill Hedgepeth Sr. and Bill Hedgepeth II

of his father, Bill Hedgepeth Sr. as a surprise. The FTCC Foundation handles “contributions from private donors, corporations, alumni, employees, retirees, and in-kind gifts,” their website says. The Foundation invests in the futures of their students in a variety of ways, including managing a food pantry for in-need students, raising funds that support book and departmental needs, emergency tuition, and scholarships, and holding events that raise such funds, like the popular Trojan Fit 5K Color Run/ Walk and golf tournament at Gates Four Golf & Country Club, for instance.

Greater Fayetteville Business Journal

December 22, 2021 - January 6, 2022

Page 11

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Greater Fayetteville Business Journal

December 22, 2021 - January 6, 2022

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Greater Fayetteville Business Journal >>

December 22, 2021 - January 6, 2022

bizfayetteville.com

By Jenna Shackelford

Page 13

HEALTH CARE

Host a blood drive

THE CAPE FEAR VALLEY BLOOD DONOR CENTER CALLS ON BUSINESSES TO HOST DRIVES DURING THE HOLIDAY SEASON

or nearly 60 years, the Cape Fear Valley Blood Donor Center has filled a need as the community’s blood bank, thanks to continual support from local volunteers who choose to give blood to support patients in the area who need donations. Since the start of the COVID-19 pandemic, the Center has had a short supply of blood. “We haven’t really been able to come out of it, many days with less than two or one day’s supply of a certain blood type,” Lindsey Graham, marketing coordinator for Cape Fear Valley Health System, said. In particular, the clinic has seen a deficit in Type O+ and Type O- blood. Type O+ is the most transfused, she explained, and O- is the universal blood type that people with any blood type can receive. “The past two years have been the worst in our history in regards to our blood supply,” Graham said. “Volunteers are able to help their very own friends, family and neighbors. Blood donations made to Cape Fear Valley Blood Donor Center stay local and go straight back to patients within the Cape Fear Valley Health System,” Graham said. “That covers Cumberland, Hoke, Harnett and Bladen counties.” The Red Cross and the Blood Connection run drives in the area, but Graham points out that those organizations take the blood donations out of the hospital, selling them to hospitals in other states. “So the blood goes straight out of the community where we’re already dire for blood donations. They do not support our local public hospitals in any of the counties I mentioned … The Blood Donor Center does,” she explained. When the blood bank locally gets low on its supply, the hospitals here have to purchase blood from those outside organizations and others which can often cost as much as $1,600 for one pint of blood. Businesses supporting the Blood

Donor Center by hosting drives are particularly helpful, but the Center finds that over the holidays and in the summertime, less businesses host blood drives. But the patients’ need of lifesaving blood never ends, Graham said. Other reasons for the decrease in blood

“Hosting blood drives is a great way to improve work culture and unify your team at your business to help our local patients with a truly life-saving act.” — LINDSEY GRAHAM

MARKETING COORDINATOR FOR CAPE FEAR VALLEY HEALTH SYSTEM

PHOTOS PROVIDED BY CAPE FEAR VALLEY BLOOD DONOR CENTER

supply, Graham attributes to people travelling on vacation, seasonal illness and inclement weather. “This is more of a reason for businesses to host during an especially difficult time,” she added. “We literally can’t operate without the support of local business, schools and groups. With all the precautions [and] closings of schools where we used to get half of our blood supply pre-COVID, our supply has taken a huge hit because they aren’t able to host drives anymore” Another issue that the Center runs into is that blood can’t be stockpiled; it has a shelf life of only 42 days. Despite the dire need for blood donations, hosting blood drives at a business is simple. By calling 910-615-

The Cape Fear Valley Blood Donor Center is calling on businesses to support their operations by hosting blood drives.

LIFE, interested parties can speak to the Blood Donor Center’s mobile recruiters to establish a date for a bloodmobile to travel to their location. Businesspeople will also receive marketing materials to promote their drive. Recruiters also work with the designated chairperson to get people signed up to give blood. “The day of, our team rolls up in our bloodmobile, we have a few tables set up for registration and for volunteers to fill out brief donor questionnaires, and we provide refreshments [and] snacks for donors. Donating usually takes 45 min to an hour for the whole process,” Graham said. That time frame

includes the paperwork, screening and donating as well as getting refreshments. (paperwork, screening, donating, refreshments). The blood donation itself usually takes less than ten minutes. “Hosting blood drives is a great way to improve work culture and unify your team at your business to help our local patients with a truly life-saving act,” Graham said. “ It’s a great way for businesses to stand out in the community by giving back to it, and it doesn’t cost anything but a little time.” To learn more about the Cape Fear Valley Blood Donor Center and their upcoming blood drives, visit www.savingliveslocally. org.

Page 14

COMMERCIAL REAL ESTATE

Greater Fayetteville Business Journal

December 22, 2021 - January 6, 2022

bizfayetteville.com

By Scott Nunn

GRAPHIC PROVIDED BY NEWPORT HOSPITALITY GROUP Newport Hospitality Group has selected a property on Ramsey Street for a new hotel.

New hotel

FAYETTEVILLE LODGING INDUSTRY IS ARMY STRONG

rom tanks to self-propelled rocket launchers, Fort Bragg soldiers drive a lot of big vehicles. Soldiers and their families also drive the local economy. Now, with two decades of major deployments over, Bragg is back to its full complement of more than 50,000 soldiers working on base. According to base leaders and local officials, the addition of 15,000 troops back home will be felt in the local economy. It’s a number not lost on area businesses, including Newport Hospitality Group, a Virginia-based hotel management group that’s building a Home2 Suites by Hilton at 6309 Ramsey St., near the intersection of Interstate 295 and U.S. Highway 401. Carey is bullish on Bragg as well as the local market in general. “Fayetteville continues to be a strong lodging market, driven by Fort Bragg and a vibrant local business economy,” Carey told the Greater Fayetteville Business Journal. “We chose this site as it sits in a high-growth corridor with excellent access to downtown Fayetteville and Fort Bragg.” NHG operates 57 hotels nationwide and six in North Carolina, including the 114-room Candlewood Suites Fort Bragg and 115-room Fairfield Inn & Suites by Marriott in Fayetteville.

“We are thrilled to be starting construction of our third hotel in the Fayetteville market,” Carey said. “The local business community has been a strong partner for over 10 years and we are excited to bring this new hotel to the community.” As NHG’s other Fayetteville locations continue to see strong demand, Carey said the Home2 Suites will offer another alternative. The 110-unit, all-suite hotel will have a full living space and sleeping area as well as a fully stocked kitchen, fitness room, indoor saltwater pool, outdoor sundeck and a grilling area. “The Home2 Suites by Hilton brand typically attracts travelling business people as well as transient families who desire a larger room with some cooking capability,” Carey said. “The hotel will provide travelers to Fayetteville a comfortable convenient hotel option with great access to local points of interest.” Nationally, the lodging industry reported a strong summer in the wake of falling COVID-19 rates and people eager to travel again. But industry analysts say autumn has been uneven for the sector. The consulting firm PwC, which tracks the lodging industry, notes: “As kids headed back to school, individual business travel and group demand that historically replaces

summer leisure business post Labor Day has yet to surface, with office re-openings pushed later into 2021 or early 2022 as a result of the variant(s) of the virus.” Although the lodging business in the Greater Fayetteville area has not been immune to the impact of COVID-19, Carey said it has fared better here than in other areas. “While the hospitality market has suffered from COVID, the Fayetteville market has remained generally strong,” Carey said. “Fort Bragg has continued to create strong demand.” That’s a view echoed by Shari Fiveash, president and CEO of the Greater Fayetteville Chamber. “During COVID most of the country was running a hotel occupancy rate below 10%,” Fiveash said. “But in Fayetteville it remained much higher, like 30% to 50%. That is unheard of, and yes, the military drove the occupancy.” And it’s not only active-duty military personnel who keep the demand for lodging strong. Officials with the Fayetteville Area Convention and Visitors Bureau say that events such as military reunions are a significant part of the area’s hospitality business. Fayetteville also is a popular destination for large-scale sporting events, many that are held outdoors, lessening the impact of COVID on

events such as indoor meetings and conferences. As business slowly but surely bounces back for the lodging industry, PwC sees two positive trends: hiring continues to ramp up as with increased occupancy and stronger demand means hotels are able to get a higher rate per room. As for rates at the new facility: “We expect that will be guided by the local market dynamics,” Carey said. Meanwhile, with close to 100 hotels in the area, he knows that NHG facilities need to stand out: “The Hilton brand affiliation and the room configuration make Home2 a highly desired option,” he said. “It offers extended-stay amenities at a reasonable price.” And the way to keep customers coming back and rooms full? Simple, Carey said: “Deliver wonderful guest experiences.” The 3.5-acre parcel for the new hotel is owned by Newport Ramsey II, a Virginia-based limited liability corporation formed in 2018. Carey is listed as the manager. According to county records, Newport Ramsey purchased the undeveloped parcel for $800,000 on Oct. 29 from GCMMB, a Fayetteville-based limited liability corporation.

December 22, 2021 - January 6, 2022

Page 15

Title Sponsors

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BUSINESS SERVICES

wilmingtonbiz.com

Page 39

Law Firms

Ranked by number of local lawyers

• Ranked lists with information about leading companies in a range of local industries • Demographic and other statistical information on business trends in the Fayetteville region

FIRM ADDRESS

RANK

Ward and Smith P.A. 127 Racine Drive Wilmington, NC 28403

Murchison, Taylor & Gibson PLLC 16 N. Fifth Ave. Wilmington, NC 28401

Cranfill Sumner & Hartzog LLP 319 N. Third St., Suite 300 Wilmington, NC 28401

Hedrick Gardner Kincheloe & Garofalo LLP 300 N. Third St., Suite 420 Wilmington, NC 28401

Shipman & Wright LLP 575 Military Cutoff Road, Suite 106 Wilmington, NC 28405

Block, Crouch, Keeter, Behm & Sayed LLP 310 N. Front St., Suite 200; P.O. Box 4 Wilmington, NC 28402

Marshall, Williams & Gorham 14 S. Fifth Ave. Wilmington, NC 28401

Smith Moore Leatherwood LLP 101 N. Third St., Suite 400 Wilmington, NC 28401

Hodges Coxe Potter & Phillips LLP 3907-100 Wrightsville Ave. Wilmington, NC 28403 Rountree Losee LLP

2419 Market St./P.O. Box 1409 10 Wilmington, NC 28402

15 22

763-2426/763-6561 www.murchisontaylor.com

14 27

777-6000/777-6111 www.cshlaw.com

12 27

509-9664/509-9630 www.hedrickgardner.com

McGuireWoods LLP

300 N. Third St., Suite 320/P.O. Box 599 (28402) 10 Wilmington, NC 28401 Brooks, Pierce, McLendon, Humphrey & Leonard

14 LLP 115 N. Third St., Suite 301 Wilmington, NC 28401

Cape Fear Family Law

11 22 9 19

763-2727/762-6429 www.bcklawfirm.com

8 11

763-9891/343-8604 www.mwglaw.com

8 15

815-7100/815-7200 www.smithmoorelaw.com

8 19

ESTA Commercial realLestate, business, trusts and estates, wealth management, land use and zoning, real TE &litigation, CON estate development, land conservation, realSTRU estate finance, distressed real estate, mergers and acquisitions, CTIO health care

772-1678/N/A hcpplaw.com

7 12

Business, HOA, personal injury and medical malpractice, family and divorce, criminal and traffic, corporate, wilmingto 2000 real estate litigation and transactions, franchising nbiz.

2016 2017

Junction Park Circle, Suite 202 14 5215 Wilmington, NC 28412

The Law Group 611 Princess St. Wilmington, NC 28401

The Humphries Law Firm 616 Princess St. Wilmington, NC 28401

Ronald Woodruff Partner 1963

REA

David G. Martin Partner in Charge, Wilmington Office 2005

Co om mm C me erc rcia iall R Rank nked Ra Re ed by eal al E by nu numb Est mber stat er of ate of loc eA local Ag al lic gencies licen ense sed d co comm mm encie s N

com

Admiralty and maritime law; alcoholic beverage and brewery law; business and corporate law; civil litigation; trusts, estate planning and administration; labor and employment law; land use and environmental law; mediation services; municipal law; real estate; transportation law

Geoffrey Losee Managing Partner 1896

RANK

2018 B

ercia ciall real er real es estat tate e ag agen ents ts

3 Benchmark Litigation named us 4 “NC Law Firm of the Year.” 4

LAW FIRM

Crossley McIntosh Collier Hanley and Edes PLLC

Hamlet & Associates PLLC

Auley M. Crouch III Managing Partner 1996

General civil litigation, personal injury/workers' compensation claims, construction litigation, business/ commercial, estate planning/probate, homeowners associations

ook on Full-service law firm with primary areas of practice in civil litigation, real estate purchase and financing James B. Snow III usiness transactions, real estate development, COMPANYformation of corporations and limited liability companies, general Managing Partner corporate and business law,COMP business transactions, mergers and acquisitions, contracts, leasing, wills, trusts, ANY ADDR 1913 ADDR ESS estates and probate PHONESS PHON E EMAILE EMAIL NO. OF NO. 726-1122/920-9157 6 WEBS Coldw LOCA OF LOCA Coldw COMM Workers’ compensation, litigation, litigation, construction litigation 2014 ITE civil litigation, commercial ell Banker L COMM Banker ell ERCIA L www.mgclaw.com 11 1430 Commo Commercial 1430 L REAL Comm ESTATERCIA ESTAT L Commonwealth nwealth ercial SunCo Wilmin E AGEN SunCoast AGENREAL Wilmin Drive, Suite NO. OF E gton, NC TS*/ Drive, gton, 350-1200 OTHER TS*/ 28403 Suite 102 102 ast NC 28403 J. Dickson McLean % REVE 350-1200 % STAFF REVENUE-S grayson NUE-S 254-3800/254-3900 6 Real estate, banking, corporate, business and commercial litigation, contract litigation, real estate Wilmington .powell %litigation, grayson ALES/ Office REVENUE-L ALES/ www.c @cbcsu .powell@cbcsu bcsunc ncoast. www.mcguirewoods.com 11 bankruptcy Managing EASING Partner www.cbcsunc oast.com ncoast. com and creditors' rights, mergers and acquisitions Centur y 1999 com oast.co 21 Sweyer m 22 Centur 1612 Militar 22 & Associa y 21 ySweyer 10 Charles S. Baldwin IV Cutoff& Wilmin 1612 tes Suite SERVICES Militar 10 gton,yNC Associa 200 law, corporate law, intellectual property, entertainment, 80% Partner, Wilmington 256-00 444-2000/444-2001 5 Business litigation, international white-collar criminal Cutoff 28403 Wilmin OFFER 80% 21 Suite 200 tes gton, NC Buyer and ED TOP LOCA 20% info@century2 www.brookspierce.com 8 defense Office Buyer TOP 256-00 28403 LOCAL 20% seller represe and seller L OFFIC 21 OFFICIAL/ www.century2 1sweyer.com develop 2013 YEAR LOCA YEAR representation info@c ntation, ment consult develop LOCALLYIAL/ entury21sweye leasing, ment Maus Warwi , leasing ing, propert consulting, 1sweyer.com www.c consulting FOUNDEDLLY , consult r.com 15 Janet L. Gemmell 2524 entury2ck propertyy manage Matthe and corpora ing and market 1sweye 210-0349/(877) 848-4028 5 ws & Co. ment, management, MausIndepen corporate 10 dence researc r.com Wilmin te manage Family law Owner market researc facilitie 15 Warwi Blvd. h and analysi gton, NC management, www.capefearfamilylaw.com 7 facilitie ment, ck Matthe manage 2524 Indepen N/A 791-04 h and 28412 ss manage 2007 ment, and 10 00 analysiss dence Blvd.ws & Co. ment, N/A info@m Wilmin Grayson and N/A wmreal Grayso Powell NCestate.c www.mgton, 791-04 n Powell Lawrence S. Craige Sales 28412om N/A wmrealestate.c 2004 00 and leasing 2004 Cape 815-0085/815-1095 5 Business law, civil om litigation, elder law, estate administration, estate planning, family law, fiduciary litigation, Charlotte Noel Fox info@m Fear wmreal Comm 12property law 1051 Militar estate.c www.craigeandfox.com 11 Managing Partners Sales and leasing of commercial and www.m ercial guardianship law, juvenile law, municipal law, real y Cutoff om investm of comme 2 Wilmin wmreal 2004 Road, ent propert gton, NCestate.c Cape rcial and om Suite 12 Fear N/A 344-10 28405 ies investment 200 00 Comm Andrew Hanley, 1051 Militar ercial N/A www.c properties 2 Jeff Sweyer y comme Cutoff Road, Clay A. Collier, Brian Wilminapefear N/A KW gton, NC rcial.coSuite Comm Jeff1997 Sales/le Edes Sweyer 344-10 m 200 ercial28405 N/A asing for 1001 762-9711/256-0310 5 00 Militar 11 retail, Litigation, insurance defense, maritime and admiralty, employment law, municipal law, Defense Base Act Norwood P. Blanchard 1997 y Cutoff www.capefear Wilmin office, industr www.cmclawfirm.com 6 Road, 7 gton, NC Sales/leasing III comme ial, income 777-22 KW 28403 rcial.coSuite for retail, 00 N/A Comm Steve property m 100 Partners ercial comme office, industr 11 1001 rcial@k N/A Hansen Warwick Militar Brokerage 1948 kwcwil wilm.com ial, income y Cutoff Matthews 7 Wilmin mingto Steve (leasing property JeffWarwic n.kw.coRoad, Easterngton, NC Suite 100 N/A Idol k and 777-22 Hansen 28403m H. Mark Hamletmaintenance, sales), propert Bill Matthe 00Carolinas 7 432 Landm Maus ws N/A 777-5995/777-5995 5 equity investm y and Commercial comme Broker asset manage ark Drive, Litigation, construction, health care, business law Managing Partner Jeff 1987 2 and mediation age (leasing Wilminrcial@k Idol ent service Real Estate www.hamletandassociates.com 8 Suite 4 gton, NC wilm.com kwcwilmingto 2012 Bill Maus s, receive ment, develop N/A 399-46 maintenance,and sales), propert 28412 n.kw.co rship service ment, Eastern02 N/A nick@e equity investm y and asset m 1987 Brian 7 ccrenc. Carolin Eckel com www.e 432 as Comm ent service management, Landm Vin Wells MelissaLand Gottand develop 2 ccrenc. ercial develop s, receive arkcom 251-6088/N/A 5 Wilmin Real estate, estate planning, business law, family law, criminal defense, employment law, injury,N/A eminent Drive, Commonweal Real Estate ment, office, rship service ment, Managing Member Suite 4 2001 gton, NC Brian www.lawgroupnc.com 11 399-46 domain and condemnation6 th 28412 1017 Ashes retail, multifa Comm Eckel N/A 2003 2 Vin Wells mily, industr Wilmin02 Drive, Suite ercial Proper nick@e Land and gton, NC ties ccrenc. ial, hospita 50% 256-6477 development, 28403 204 com 2001 www.e lity Adam ccrenc. Justin Humphries 50% sales@ccpreal com office, retail, Nichola 332-0721/(888) 290-7817 3 Comm Investm John Sandlin s multifamily, Real estate, intellectual property, civil President www.ccprealty ent, develop 6 litigation onwealty.com www.humphriesfirm.law 4 1017 th industrial, Comm ment, leasing .com 2017 2009 SwainAshes Drive, 2 hospitality , sales, propert Associa Suite ercial Properties Wilmin& Adam Nichola 6 50% 1131 tenant represe gton,yNC tes 204 Militar y James Lea III 256-6477 28403 1 Cutoff Wilmin John Sandlin s 50% ntation management, Road, Unit gton, NC InvestmFounder consulting, 60% planning, Attorney/Firm 256-2211 ent, develop 28405 239-5990/239-5992 3 sales@ Family law, complexBdivorces, civil litigation, deficiencies and bank workouts, appellant law, estate 2017 ccpreal ment, leasing JimComme Lea has been www.swainas ty.com Garry Silivan www.theleaschultzlawfirm.com 8www.c asset protection, veterans benefits, elder law and long-term care planning and mediation 40% services cprealtysociate , sales, propert rcial for practicing locally ch .com s.com Creativ sales, leasing tenant Swain 2014 Commercial 6 &e Associa representation y management, 15894 N. 30-plus years , site selectio 1131 tes Proper U.S. Hwy. consulting, Militar 15 n, exchan Hamps ties property y Cutoff 17 3 tead, NC Wilmin ges, investm 60% manage Road, Unit 251-22 gton, about Garry Silivan ment NC28443 For more information Benchmark ent propert 11 0% BLitigation’s methodology, visit https://www.benchmarklitigation.com/general/research 256-2211 28405 40% info@c ch ies, Commercial 100% reativec 2014 www.swainas www.c ommercial.biz Comme Harry Stovall reativecsociate leasing, site rcial sales, develop ommer Creative Carolin s.com selection, ment, profess cial.biz 1995 a Comm Commercial exchanges, 5 1816 Jumpin 15894 propert ercial Investm consulting, manage yional manage investment WilminN. 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Robert Wilmin& 60% 401-A y Real gton, Fullerto 1 s, busines Chestn NC (919) 270-17 28401 Estate ut St. Wilmin 40% Phil Kraus n Commercial sales and s brokerage, 9 gton, 11 NC 28401 terry@momen commercial leasing 763-75 Charles Paul sales, leasing 00 40% real estate Toconis@aol. tumprojects.co www.m , tenant/l 60% 1972 andlord represe m com www.T omentu Terry Espy Camer Brokerage, oddToc mprojects.com ntation and exchanges 3 on onis.com Manag develop Turnstone 1031 tax 1201 2007 ment, propert Glen Meade 4 Partneement Inc. deferred 1 2018 Eastwo rs Comm y manage Wilmin Road 40% ercial Real 4 Wilmin gton, od ment, equity Chris Bryan NCRoad gton, NC 762-2676 28401 Estate 60% particip 85% 509-72 Real estate 28403 ation, consult 32 1955 www.c Hill develop 15% bryan@ameron Rogers ing ment service Comme turnstoco.com List is based Bill Camero www.tu Town &rnstone nepartners.com rcial, industr s, busines on voluntar Country Scott Sullivan ial, multifa s brokera 1 y response 401-A Real sales s.com ge, comme Chestn topartner n milyand leasing manage aSt. BusinessEstate 2000 91 Wilmington, s ut rcial real ment andleasing and sales, estate 40% tenant placem 1 NC 28401 Journal survey. *51% commercial 763-7500 or more ent property 65% 60% Terry Espy of business Toconis@aol. Broker in commer 35% Todd2007 Tenant age, develop www.ToddToccom cial real Toconis representation estate ment, propert onis.com 1995 Turnstone , project develop y manage 1 ment service leasing ment, equity , general 2018 EastwoPartners Comm 4 s, investm brokera particip ercial Real Wilmington, od Road ge, propert ent service ation, consult 85% Hill Rogers Estate y manage ing s and lender NC 28403 509-7232 Bill Camero 15% ment, services Commercial, n bryan@turnsto BryanSulliva Scott industrial, Greene List is based n www.turnstonenepartners.com multifamily 2013 | 2000 on voluntar leasing manage partner y response and sales, ment and s.com 1 s to a Business commercial tenant placem Journal survey. 1 property ent *51% or 65% more of Todd Toconi business 35% in commer s Tenant represe 1995 cial real ntation estate development, project leasing , general services, brokera investment services ge, property manage and lender ment, services Bryan Greene 2013 6 8

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Page 72

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IN THE NEWS

Greater Fayetteville Business Journal

December 22, 2021 - January 6, 2022

bizfayetteville.com

By Jami McLaughlin

PCH.VECTOR/UNSPLASH Area chambers have modified their practices throughout the pandemic to continue serving local businesses.

Chambers of Commerce C

hambers of commerce provide valuable resources and relationship connections that can be vital to the growth of a business. Joining a Chamber of Commerce can significantly improve visibility, connect to local government affairs, provide resources for marketing and other networking opportunities and supplement vital information for opening a business in an area. During the pandemic, businesses were in a tailspin trying to survive lockdowns and other restrictions, but what about the chambers of commerce themselves? Area chambers of commerce around our region experienced the same lockdowns while still trying to provide for their membership. Thinking outside the box as they upped communication via email and changing events from in-person to virtual became commonplace in this past year, but as we come out of the COVID pandemic, area chambers of commerce are seeing growth in membership as businesses resolve to regroup and redefine their place in the community. Shari Fiveash, president and CEO of the Greater Fayetteville Chamber, has seen new growth since beginning her role in May 2021. “Our Chamber has grown by over 100 members in recent months. We’ve been careful about what events we have held, looking at if we need

MOVING FORWARD AFTER THE PANDEMIC to have them virtually or in person, but our business networking breakfasts and coffee clubs are still going strong,” she said. Their regular events have been altered with COVID, but have continued. “One of our largest events, [The Valor Awards] usually includes a meal, but with COVID safety in mind, we gave out gift cards so they could get lunch on their own. We’ve been careful while also looking to see how we can provide for our members.” As far as the growth of the Chamber, the upswing has continued through membership and staffing. “A lot of Chambers have been folding, and we are growing. We were down to two employees and now back to seven. We hope to be able to further grow that staff so we can continue to add more services and programs for our members.” With small staffs, the Fayetteville Chamber has been able to use the resources in the area to partner with other organizations with smaller staffs including Cool Spring Downtown District and the Fayetteville Area Convention and Visitors Bureau for events and marketing. “When everyone is short staffed, we can partner together,” said Fiveash. Fiveash also credits the Cham-

ber resources for helping members through the pandemic and beyond. “We have had several members who have needed help with marketing opportunities. Our staff has been able to come up with some unique ways for those members to help them build relationships and, in some cases, rebuild because of the COVID lockdown. The Chamber has online programs and networking events. We can help them build those relationships. Some have said they really should have done this before. They may have been struggling, but using the resources we have here, they are introduced to people they didn’t know before,” said Fiveash. Cindy Kern, the executive director of the Lumberton Area Chamber of Commerce, said “We are slowly rebounding. We are having events and membership is increasing. We have some great members who remained with us throughout COVID.” The Lumberton Area Chamber of Commerce is producing new city and county maps for 2022, hosting ribbon cuttings for new businesses like the Gibson Cancer Center and the Robeson Art Guild. Recently, they hosted the Lumberton Christmas Parade on Nov. 20. “We just hosted the Lumberton Christmas Parade, which was wonderful. It’s our largest event and we had a lot of great volunteers who

helped make it happen this year,” said Kern, “Our calendar is back to what it was before, and it is nice to see things come back to order.” Elizabeth McNeill, executive director of the Raeford-Hoke Chamber of Commerce, started her position in July 2020 when everything was shut down, but was able to start the plans this year for Hometown Christmas held on Dec. 3. “Hometown Christmas is our first major Chamber event since the COVID lockdown. We shut down Main Street for the hayrides, vendors and performances,” said McNeill. McNeill credits the huge support from the City of Raeford and Hoke County for partnering with the chamber when new businesses are opening. The Chamber was able to provide support for businesses needing information on PPP loans and other details during the lockdown. “We’ve had everyone rejoin along with some new businesses who have been here for 20-30 years, but never been members until now. There’s been an uptick of new members and we will start our Business After Hours again in January,” said McNeill. “We are up and running now. Our office is starting to open up more now and we want our members to stop in, even for a cup of coffee See CHAMBERS, page 17

Greater Fayetteville Business Journal

bizfayetteville.com

From CHAMBERS, page 16

and some conversation.” Lauren Strickland, office manager for the Lillington Chamber of Commerce, said, “We’ve noticed our membership is eager to get back to our calendar. Our slate of events for 2022 is pretty booked with safety in mind. We have four major events and for our annual banquet, we have moved it to a larger space at the Harnett County Resource Center so we can space out a bit more.” Strickland said over the past year they have kept weekly newsletters and social media posts with member hosted events to help support their membership. She said they have also noticed an increase of phone calls with both community members and those moving to the area asking for direction on local businesses. “Lillington is growing. People are contacting the chamber needing everything from a realtor to a dentist. They contact us to find out where to go,” said Strickland. Strickland said each of their events like the Love Lillington 5K, the Cape Fear Fest or the kayak race on the Cape Fear River has brought people out who are coming to Lillington specifically for the event and are finding places to eat and shop while they are here. A couple of their members, Cathis Farm and Cape Fear River Adventures, also bring thousands of people to the Lillington area with their events. "It’s felt good to have our events back,” said Strickland. Linda Parsons, president and CEO of the Moore County Chamber of Commerce, said their Chamber did pretty well considering the impact COVID had on our business community.

as we ended the year with 93% retention rate. Our members appreciated our understanding of the situation they were facing and in turn supported us back,” said Parsons. All Moore County Chamber events in 2020 were cancelled except for the Economic Summit, held in January prior to the shutdown and, during COVID, the Chamber did have to reduce staff; however, when events resumed in the fall of 2021, there was overwhelming response, selling out of all programs and events. “We did a few smaller virtual events in the spring of 2021 and in person and these were successful as well due to the curated nature of the programming. We also hosted several virtual programs throughout 2020 to ensure connectivity with our members,” said Parsons. The Moore County Chamber opened a new co-working space, which was being built during 2020, in January of 2021. “This new space had already been planned prior to COVID, but with the rise of virtual work it has become one of the greatest things we have done for our Chamber and community. We’ve had over 1500 people through the space in nine months with bookings almost daily. Individuals can book for a day, purchase a monthly membership or book our conference room for meetings/trainings. The space is open to Chamber members and community members for a fee,” said Parsons, “We continue to have members join the Chamber monthly and have seen consistent growth in the last several years.” The Hope Mills Area Chamber of Commerce, the Erwin Chamber of Commerce and Sanford Area Chamber of Commerce are also continuing with membership and community

December 22, 2021 - January 6, 2022

IN THE NEWS DUNN AREA CHAMBER OF COMMERCE 109 South Ellis Ave., Dunn, NC 28334 www.dunnchamber.com 910-892-4113

ERWIN AREA CHAMBER OF COMMERCE 100 West F Street, Erwin, NC 28339 www.erwinchamber.org 910-591-4207

GREATER FAYETTEVILLE CHAMBER 225 Ray Ave., Suite 165, Fayetteville, NC 28301 www.faybiz.com 910-483-8133

HOPE MILLS AREA CHAMBER OF COMMERCE 5546 Trade Street, Hope Mills, NC 28348 www.hopemillsareachamber.com 910-423-4314

LILLINGTON CHAMBER OF COMMERCE 106 West Front Street, Lillington, NC 27546 www.lillingtonchamber.org 910-893-3751

LUMBERTON NC AREA CHAMBER OF COMMERCE 800 N. Chestnut St, Lumberton, NC 28358 www.lumbertonchamber.com 910-739-4750

MOORE COUNTY CHAMBER OF COMMERCE 160 West New York Ave., 3rd Floor, Southern Pines, NC 28387 www.moorecountychamber.com 910-692-3926

RAEFORD-HOKE CHAMBER OF COMMERCE 101 N. Main Street, Raeford, NC 28376 www.rhchamber.com 910-875-5929 PHOTO PROVIDED BY THE MOORE COUNTY CHAMBER

Recently, the Moore County Chamber opened a new co-working space that was built during the height of the pandemic.

“We made the decision early on to not bill our members during the total shutdown period. While financially this was an impact, it was not overall

events. For more information on how your business can connect with an area chamber of commerce, please see the list of chambers of commerce.

SANFORD AREA CHAMBER OF COMMERCE 115 Chatham St, Sanford, NC 27330 www.growsanfordnc.com 919-775-7341

Page 17

Page 18

Greater Fayetteville Business Journal

December 22, 2021 - January 6, 2022

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December 22, 2021 - January 6, 2022

Page 19

bizfayetteville.com

Staff Report

Fazoli’s acquired LEADING GLOBAL FRANCHISING COMPANY COMPLETES $130 MILLION ACQUISITION OF FAST CASUAL RESTAURANT CHAIN

AT (Fresh. Authentic. Tasty.) Brands Inc. recently announced in a press release that it has finalized the acquisition of Fazoli’s from funds under management by Sentinel Capital Partners. The acquisition totalled $130 million. At present, Fazoli’s has over 200 stores, including one that operates locally at 538 N. McPherson Church Road in Fayetteville, and a development pipeline of 100 units over the next few years. “Fazoli’s has had a historic year. Our store traffic continues to soar, and our domestic development pipeline couldn’t be any stronger,” said Carl Howard, CEO of Fazoli’s. “Now a part of FAT Brands, we will look to tap into their scale and

FAT Brands Inc. announced the finalization of the acquisition on December 16. Fazoli’s has 200 stores, including one that operates in Fayetteville

global presence to bring our delectable Italian cuisine to new markets internationally to one day take the title of largest, premium QSR Italian chain worldwide.” Currently, FAT Brands owns 2,100 franchise units worldwide, with the

acquisition of Fazoli’s bumping that number up to 2,300. “This has been a year of tremendous growth for FAT Brands. While we have focused on expanding our footprint and scale via strategic acquisitions, we also continue to show

strong same-store sales systemwide,” said FAT Brands CEO Andy Wiederhorn. “Fazoli’s has had an outstanding year when it comes to brand performance with three quarters of record-setting sales. We are eager to integrate Fazoli’s into our portfolio, working with CEO Carl Howard and team to build upon this great success going into 2022.” Other restaurant brands that FAT Brands Inc. owns include Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Twin Peaks, Great American Cookies, Hot Dog on a Stick, Buffalo’s Cafe & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses.

bizfayetteville.com

Staff Report

Gas prices WHAT CAN BUSINESSPEOPLE EXPECT FOR HOLIDAY TRAVEL?

n the hustle and bustle of the holiday season, some businesspeople are tying up loose ends before taking some time off to enjoy the Christmas season; others are planning to skip town earlier; some businesspeople are continuing with work as usual. Regardless of how the last couple weeks of December are spent, people from all three groups are affected by gas prices and may wonder where things are headed. In November, just prior to Thanksgiving, Greater Fayetteville Business Journal reported on President Biden’s announcement that 50 million barrels of oil were being released from the Strategic Petroleum Reserve in hopes of countering the surging gas and oil prices. With the holiday approaching, can travelers expect that the trend of lower gas prices will continue? GasBuddy says there’s a possibility, as gas prices have fallen for the fifth

GRAPHIC BY GASBUDDY

Although the nationwide average for gas is nearly tied with 2013 as the priciest on record for Christmas, GasBuddy predicts that the costs will continue to decline through the rest of the year.

week consecutively. “With the price of crude oil remaining some $13 per barrel below its 2021 peak, we have continued to see gas prices decline in nearly every city coast to coast, a trend that

will likely continue into yet another week,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “Omicron concerns continue to be the primary catalyst for the drop in gas prices across much of the country,” he said. “While we’ve seen some anecdotal reports about the new variant, vaccine producers have yet to definitively state if current vaccines will still bring adequate protection against omicron- something that might be critical to limit severity and to avoid new shutdowns. With OPEC+ members still planning to boost oil production in January, we continue to see global oil production slowly rising. In addition, U.S. gasoline demand last week fell to the lowest level since October, which may limit oil’s recent rebound and keep gas prices declining through the end of the year.” Although prices are continuing to decrease, the nationwide average at

$3.25 per gallon is only a penny less than Christmas Day in 2013 at $3.26 per gallon on average – the highest cost to fill up a tank on record. However, with the prices continuing to go down, GasBuddy predicts that the price will drop more by Christmas. “We got a Christmas gift that few should complain about: falling gas prices at a time of year when millions of Americans are spending their hard-earned dollars on gifts for their loved ones. The last thing they should have to worry about is expensive gasoline,” said De Haan. “While we might scrape by a razor under 2013’s tally of $3.25/gal on Christmas, the good news is prices should continue to moderate heading into the last moments of 2021. As for what’s coming in 2022, GasBuddy plans to release its annual Fuel Outlook in the days ahead so motorists can plan for the coming year.”

Page 20

Greater Fayetteville Business Journal

December 22, 2021 - January 6, 2022

BIZ LEADS Reader’s Guide BizLeads is a collection of information gathered from greater Fayetteville courthouses, state government offices and information websites. The listings are intended to help the business community find new customers and stay on top of happenings with current customers, vendors and competitors. New Corporations lists firms from the Greater Fayetteville Business Journal region that were recently incorporated in the State of North Carolina.

CUMBERLAND COUNTY The Real McCoy Experience LLC 523 Sheila Street Hope Mills Agent: Amanda Lorie McCoy Litty Holdings Inc. 5780 Ramsey St Fayetteville Agent: Brittany E Fair DLM LOGISTICS OF NORTH CAROLINA LLC 10109 Turnbull Rd Fayetteville Agent: Paula Lato uche Clarkson Realty Group LLC 1926 Harcourt Circle Unit 203 Fayetteville Agent: Victoria Clarkson A2Z Logistics Enterprise LLC 2399 Dunwoody Dr Fayetteville Agent: Zetta Leatice Hockaday On Time Taxes LLC 3737 Alson Rd Apt 103 Fayetteville Agent: DeShaune Griffin Sandeo Logistics L.L.C. 5075 Morganton Rd #1217 STE 10C Fayetteville Agent: Sandra Byrd Williams

QUEENDOME COLLECTION LLC 610 Birdsong Ln Apt 308 Fayetteville Agent: Ebony Owusu Sampah V'Unique LLC 428 Regency Dr Unit 202 Fayetteville Agent: Vanessa Deonna Mapp Boyz 2 Men Inc 205 W Russell St Fayetteville Agent: Zaccheaus Eley Ground Shakers Trucking LLC 125 South 4th Street Spring Lake Agent: Leroy Crockett CHAMPIONSHIP CARGO CARRIERS LLC 908 Mourning Dove PL Fayetteville Agent: Dameon Mayes CM Electrical LLC 6825 Pin Oak Lane Fayetteville Agent: Craig Mitchell S&M Supplies Inc 7670 Raeford Rd Fayetteville Agent: Christ Business Ambassadors Inc Up Rise Heating and Air Conditioning LLC.

3412 Cedar Hill Drive Fayetteville Agent: Jack Robert Frank Wonway Transportation LLC 7776 Adrian Dr Fayetteville Agent: Brittany Chevonne Land Operation Pineapple Express Inc 315 Valley Rd Fayetteville Agent: Michael Martin Adams Fresh Foods of Wade Inc. 532 Whitcomb Dr Fayetteville Agent: Adriana Alvarado Gonzalez Point Place-FMHA LLC 201 Hay Street Suite 2000 Fayetteville Agent: R Jonathan Charleston The Modern Home Rental Properties LLC 3312 Mandalay St. Fayetteville Agent: Nevrig A Rangel V Way Fitness LLC 932 Country Club Dr. Lot 534 Fayetteville Agent: Ivonna Christina Mcmillian MMM Transports and Logistics LLC 3943 Hunting Path Drive Hope Mills Agent: Justin Whitley StarryNova LLC 520 Pebble Bay Trl #F Fayetteville Agent: Star T Howard The Skin Firm LLC 108 Hay Street Suite 111

Fayetteville Agent: Kelly Canady Hurt Rockfish Trailer Rental LLC 1610 Racehorse Ct Parkton Agent: Phillip S Lee WISDOM KEYZ FINANCIAL SOLUTIONS LLC 2304 Wingate Rd Unit 48562 Cumberland Agent: Lekethia T Polanco Find the Pain Corporation 8415 Amish Dr Fayetteville Agent: Candace Kovacs AFCEA North Carolina Chapter Inc. 38 Education Drive Spring Lake Agent: Gerald Gordner Unleashed Canines LLC 6340 Chagrin Rd. Fayetteville Agent: Sarah Plotts Equestix Inc 6836 Torrance Lane Fayetteville Agent: Gerardo Rodriguez TRP TRANSIT LLC 6809 Shawcross Lane Fayetteville Agent: Torrance Patterson Dynamic M3 Vending LLC 3815 Briargate Lane Fayetteville Agent: Shanell Ma rsh Y&JL CONSTRUCTION LLC 1330 Split Rail Drive Parkton Agent: Yorlene Parada Lopez

Falcon Church of God of Prophecy Inc. 7141 Smithfield Road Godwin Agent: Jimmie Hall Strelitzia Mill LLC 5830 Sunningdale Lane Hope Mills Agent: Jacqueline K Millward

bizfayetteville.com

SD Holdings LLC 4317 Ramsey St Fayetteville Agent: J. Scott Flowers K Global Group Capital LLC 1361 N Forest Drive Fayetteville Agent: Kevin E. Ke mp

Go 2 Logistics LLC 4514 Kirk Shaw Rd. Hope Mills Agent: Kenric Melvin

K Global Properties LLC 1361 N Forest Drive Fayetteville Agent: Kevin E. Ke mp

BOSS BROTHERS RENOVATION 2.0 LLC 308 Badger Court Fayetteville Agent: DeAndre Marquell Evan

Coach Under Pressure LLC 3488 Pleasant View Drive Fayetteville Agent: Thomas Michael Willoughby II

Bourbon & Lace LLC 3514 Cranbrook Drive Fayetteville Agent: Yashica Shan ta Lewallen

BYRONS ENTERPRISE LLC 5075 Morganton Rd Ste 10C Fayetteville Agent: Kervens Byron

KOZYBOYZ LLC 6427 Dunham Dr Fayetteville Agent: Tayveon Chesson Comforting Candles Co. L.L.C. 6895 Raeford Road Fayetteville Agent: Lindsey N. Harris Thomason SOUTH EASTER STAR LLC 30 Pearl St Spring Lake Agent: Cirino Vargas Morelos Fractal Inc. 5000 Pinewood Dr Hope Mills Agent: Sterling Ni lsen Butler Sitework & Utilities LLC 3057 N Main St Agent: Hope Mills Agent: Louis Frangos

That Man LLC 3709 Riverhill Dr. Fayetteville Agent: Larry Donell Wells Kundu Patriot Transport LLC 4713 Woodline Drive Fayetteville Agent: Hachani Ilyesdz Bouzidi Sentgart LLC 4622 Ashton Road Fayetteville Agent: Jacqueline Whitehead 2 The Moon Consulting Inc 7711 South Raeford Rd Ste 102 172 Fayetteville Agent: Jennifer Hart MDJO Transport LLC 618 Hickory View Ct Fayetteville Agent: Paul Griffin

Summers Child Care Center LLC 1182 Curry Ford Drive Fayetteville Agent: Mammie Summers Come Alive Lashes LLC 2809 Blockade Runner Drive Fayetteville Agent: Candace Finau My Best Grind INC 735 McArthur Road Fayetteville Agent: Selena Teresa Wright Savage Made Entertainment LLC 735 McArthur Rd Fayetteville Agent: My Best Grind INC Lavish Body Contour LLC 314 Hay Street Fayetteville Agent: Jasmine Tahia Mckoy Powers Hauling Ltd. Liability Co. 1226 Nathaniel Ave Fayetteville Agent: Jai-Pierre Powers Fayetteville GFAA SDA LLC 6959 Brockwood St Fayetteville Agent: Shakuntala Ramsarran Tynashus Kouture LLC. 530 Pebble Bay Trail Apt l Fayetteville Agent: Teshania Keajah Mills 2-6 KINGZ & QUEENZ INC 301 Sparrow Dr Fayetteville Agent: Brittany Ferguson ENS Exports LLC

4250 Tatum Drive Unit 306 Fayetteville Agent: Sanghar Esmaiel Brabennburr Training Services corp. 7697 Heriot Dr Fayetteville Agent: Lee Robert Brightman Nodeplex Technologies LLC 300 Wild Horse Road Linden Agent: Randal E Langdon Deborian Gardens LLC 9398 Coats Rd Linden Agent: Deborah Kurzendoerfer Sweeting Autobody LLC 5341 South Sumac Circle Fayetteville Agent: Robert Edward Sweeting Jr. Veterans Valor LLC 6368 Touchstone Dr Fayetteville Agent: Germell Milton Stand Sure Foam Solutions LLC 6400 Touchstone Dr Fayetteville Agent: Jesus Macias Leon Reece Cups CreaTionz LLC 6147 Rhemish drive Fayetteville Agent: Nakeyla Chareece Carter Deveault L.L.C. 3238 Dorian Rd. Fayetteville Agent: Britney Kae Deveault Kencore Enterprise LLC 7141 Lee Ave Wade

Greater Fayetteville Business Journal

December 22, 2021 - January 6, 2022

BIZ LEADS

bizfayetteville.com

Agent: Matthew Corey Thomas

Agent: Joshua Aaron Davis

Strands By Mikiko LLC 1313 Butterwood Circle Fayetteville Agent: Mikiko Kosalinetta Boyd

StyledByRay LLC 4373 Moonstone Ct Fayetteville Agent: Sharay Ragin

Team LLC 3470 Green Valley Rd Fayetteville Agent: Christopher Dejon Penister Harnett

Adventure Real Estate L.L.C. 116 Stedman St Fayetteville Agent: Anna-Lisa Rowlette

Legacy Carriers & Transport LLC 704 Crimson Oak Ln Fuquay Varina Agent: Dale Currie Mellette

87 South Logistics LLC 2121 Calista Cir Fayetteville Agent: Johnathan Lavette Clark

Fire Media LLC 1482 McLean Chapel Church Rd Bunnlevel Agent: Vincent Edward Clark

Energy Is Everything Coaching LLC 5926 Laguna Dr Fayetteville Agent: Tyefia Miley

Carolina Seaside LLC 5539 Red Hill Church Rd. Coats Agent: Anna Chalet Lanpher

WLA Consulting LLC 437 Lynhurst Dr. Fayetteville Agent: Willie L. Allen Little Beginners Academy LLC 3916 Foster Drive Fayetteville Agent: Verronica I Blue Iyana's Eats LLC 13991 NC 210 S Spring Lake Agent: Jose E Rojas III BeGreatReflectionsLLC 4325 Ridge Pointe Ln Fayetteville Agent: Marcell Delmont Perez Camden Family Inc 4039 Camden Rd Fayetteville Agent: Glenn Edwa rds Jewels Esthetics Inc. 188 Vale Lane Fayetteville Agent: Jewel Mcp haul JMC Transit Inc. 6408 Starbrook Dr. #4 Fayetteville Agent: Robert William McCormick Speights LLC 158 Summerhill Road Fayetteville Agent: James Whaley Speights Sr JD Box Catering LLC 416 Walstone Rd fayetteville

Cape Fear High School Class Reunion 1972 AKA CFHSCR 1972 513 Rosewood Dr. Stedman Agent: Lula Gainey Honey Biscuit Company LLC 735 Alexandra Park Dr Apt 203 Fayetteville Agent: Danielle Elizabeth Preston Dream Home Improvement Inc 2317 Hope Mills Rd Fayetteville Agent: Rene Martinez Giving LIFE 1059 Southern Ave Fayetteville Agent: Sharrean McCrimmon

B-Amazyn L.L.C. 134 Emma Ct Linden Agent: Bridgett Mclean Brooks Campbell's Auto and Bike Service LLC 105 Boston Harbor Cameron Agent: Thurston Campbell II MaeBelle Fitness LLC 730 Christian Light Rd. Fuquay-Varina Agent: Jason Charles Tebedo WILLIAMS AUTO L.L.C 7073 Us 401 South Bunnlevel Agent: antoine d willi ams

He Reigns Forever LLC 1009-201 Pine Knoll Drive Spring Lake Agent: Michael Anthony Richmond

S. Island Animal Transport LLC 11 Lattimore Rd Cameron Agent: Stephanie Eileen Eiland

Penister Investment

Linville River Road

Nebo Property LLC. 105 Setter Ct. Angier Agent: Aaron Nicholas Marino

Blackland Pines LLC 114 Tulane Dr Raeford Agent: LaTanya Pattillo

Sanchez Ramos Welding LLC 705 W J Street Erwin Agent: Benito Sanchez Ramos

M & J Enterprise LLC 118 Joseph Drive Raeford Agent: Ashia M Bryant

LKA LLC 314 Lakeridge Drive Cameron Agent: Maureen Lynne McGalliard Black Ops Tackle Inc 9661 US 421 Broadway Agent: Eldon F Sloan III Santiago Roofing LLC 12 Bowling Green Ln #33 Angier Agent: Alejandra Gumercindo Santiago Bella Flower Inc 1115 Silas Moore Rd Benson Agent: Natalia Mendoza CURB APPEAL EXTERIOR SOLUTIONS LLC 200 Mar-joy Drive Dunn Agent: Karen Browne

Family Restoration in Christ Ministries International Inc 767 Roanoke Dr Raeford Agent: Kadjo Jean Baptiste Assemien Bryant & Bryant Logistics LLC 232 Belle Chase Dr Raeford Agent: Kendron Kamau Bryant THEMINXWAX LLC 1815 Crimson Way Apt E Fayetteville Agent: Shalayah Johnson Soriano Home Improvement & Cleanings Services LLC 340 North Vass Road Raeford Agent: David A Rodriguez

HOKE

Professional Concrete Finishing LLC 570 Noble Dr. Raeford Agent: Ricky Spencer

Total Electric And More Inc. 157 Moorea Dr Raeford Agent: In Home Tech L.L.C.

Huaka'i Realty LLC 303 Weston Woods St. Raeford Agent: Kelsie Strickland

Eagles Eye Credit Repair Service L.L.C. 1431 N Main St Raeford Agent: Iris F McEl veen

MOORE Smart Insurance Company Inc. 910 N. Sandhills Blvd Aberdeen

Page 21

Agent: W.Y. Alex We bb Smokehouse 901 Catering Company LLC 135 Murray Hill Rd #16 Southern Pines Agent: Anthony Yo ung Pinecast Media L.L.C 205 McCaskill Rd E Apt 307 Pinehurst Agent: Jacob Gawronski Wandering Wellness PLLC 1105 Greenbriar Drive Vass Agent: Kristan Riley Downtown Laundry Service LLC 305 SE Broad ST Southern Pines Agent: Emma Ruth Monroe Pine Cone Properties of Pinehurst LLC 90 Cherokee Road 3rd Floor Pinehurst Agent: William M. Van O'linda Jr. Sanders Custom Builders LLC 219 Fire Lane Vass Agent: M. Shane Sanders E & K rental and home improvement LLC 2015 Heritage Way Cameron Agent: Everette Matthews The Course Forest LLC 76 Antique Ct Cameron Agent: Brynn Vollmer Smithfield Land Group LLC 2075 Juniper Lake

Road West End Agent: Brian R Clodfelter G & M Wellness Services LLC 1020 West Pennsylvania Ave Southern Pines Agent: Tonee Grant BKMS LLC 2 Vayland Court Whispering Pines Agent: Bryant L Ml ynczak CAAS Inc. 100 Magnolia Rd. Pinehurst Agent: Jeffrey J. Casey Bro's Contracting LLC 129 Molli Lane Aberdeen Agent: William Collette Bullen Arrowhead Pines Investments LLC 3475 Niagara Carthage Road Whispering Pines Agent: Melonie Chapman Baldwin Property Management of NC LLC 114 Pine Ridge Dr Whispering Pines Agent: Jeffery C Baldwin Baldwin Property Group 1 LLC 144 Pine Ridge Dr. Whispering Pines Agent: Jeffery C Baldwin Baldwin Property Group 2 LLC 144 Pine Ridge Dr Whispering Pines Agent: Jeffery C Baldwin Sanders Engineering PLLC 219 Fire Lane Vass Agent: M. Shane Sanders

Baldwin Property Group 3 LLC 144 Pine Ridge Dr Whispering Pines Agent: Jeffery C Baldwin Plan B Anesthesia PLLC 6038 Legends Dr Southern Pines Agent: Nancy Udall Count Back From 10 LLC 155 High Point Rd Pinehurst Agent: Michelle Countouriotis Advance Life Solutions LLC 232 Savannah Garden Dr Carthage Agent: Brian Phillip Schantz Jr Fulmen Place Farm LLC 9 Starlit Lane Pinehurst Agent: Robert E. Horton Jr. Government Logistics Solutions LLC 160 Almond Dr Cameron Agent: Leslie Dean Begley The Shop On Ray LLP 25 Sunset Dr Whispering Pines Agent: Cindy VanCl eave Ambrose Coaching and Consulting Services LLC 212 Rob Roy Road Southern Pines Agent: Michelle Dawn Ambrose Sandhills Regional Education Consortium 5277 US 15-501 South Carthage Agent: Ron Hargrave

Page 22

Greater Fayetteville Business Journal

December 22, 2021 - January 6, 2022

bizfayetteville.com

Staff Report

New partnership METHODIST UNIVERSITY AND FTCC WORK TO MAKE TRANSFERRING EASIER FOR STUDENTS

ethodist University and Fayetteville Technical Community College announced last week a new partnership that will make it easier for students to transfer to Methodist with a twoyear degree from FTCC. On Thursday, the presidents of both colleges signed a Memorandum of Understanding to make the partnership official. The ceremony was held at Methodist’s Matthews Ministry Center, facilitated by MU Provost Suzanne Blum Malley and featuring adminisWearden trators from both institution including both schools’ presidents. The president of Methodist University is Stanley T. Wearden, Ph.D. and the president of FTCC is

Dr. J. Larry Keen. “We all understand the transformational power of education to change lives, to put people on a trajectory they may have never Keen thought was possible,” Wearden said. “Some of Methodist’s very best students come from community colleges which are integral to the future of higher education, both to North Carolina and to the nation at large. I’m excited about what we’re doing with this agreement and the future for our institutions and the students.” “What we are doing is extraordinarily important to our institutions, but more importantly for our students,” Keen said. “None of us can do it alone, it’s when we come together collaboratively that we’re

“

What we are doing is extraordinarily important to our institutions, but more importantly for our students.” Dr. J. Larry Keen President, FTCC

able to truly impact the lives of the students.” Students from almost 30 programs at Fayetteville Tech can take up to eight hours or eight credits in Methodist campus courses at the same rate as the community college while completing their associate

degrees. Methodist has created Memorandums of Understanding with several community colleges in the region within the past year in addition to FTCC, including Bladen, Central Carolina, Robeson, Sandhills, and Sampson. “These partnerships will help put a bachelor’s degree within reach for many of our community college graduates,” said Dr. Beth Carter, MU’s Vice Provost for Online and Extended Learning. “Students are guaranteed admission at MU upon completion of their Associate of Arts, Associate of Science, Associate of Applied Science, and Associate of General Education degrees. As long as a student earns a minimum 2.0 grade-point average from one of the six community colleges, they will be guaranteed admission into Methodist University."

Our Business is Helping Yours Save As a public power company, with local control over all our services, and find ways to make cost-saving improvements. We also offer direct PWC has a greater ability to meet customers’ needs. We do more than savings through incentive program bill credits when you take steps to provide our commercial customers with quality, reliable electric, water conserve and increase the efficiency of your operations. and wastewater services. In addition to ensuring the capacity to meet growing needs, we make it ‘our business’ to help you save To contact our Customer Programs Department Customer Focused. on your utility bills. Working directly with business and or find details on our incentive programs, visit Community Strong. industrial customers, we can help you resolve issues faypwc.com/non-residential-incentive-programs.

17249

Greater Fayetteville Business Journal

SBA Lenders

December 22, 2021 - January 6, 2022

Page 23

THE LIST

bizfayetteville.com

Ranked by Aggregate SBA Approved Loan Amounts FY2021 COMPANY ADDRESS URL

RANK

160 E Maud Ave Mendenhall, Miss. 39114 peoplesbank-ms.com

BANK OF GEORGE

COMMONWEALTH BUSINESS BANK

LIVE OAK BANKING COMPANY

HOMETRUST BANK

READYCAP LENDING, LLC

9115 W Russell Rd, Ste 110 Las Vegas,89148 bankofgeorge.com 3435 Wilshire Blvd, Ste 700 Los Angeles,90010 cbb-bank.com 1741 Tiburon Dr Wilimington, N.C. 28403 liveoakbank.com 10 Woodfin St Asheville, N.C. 28801 htb.com

200 Connell Dr Berkeley Heights, N.J. 07922 readycapital.com

UNITED MIDWEST SAVINGS BANK

FIRST-CITIZENS BANK

101 S Main St De Graff, Ohio 43318 umwsb.com 100 E Tryon Rd Raleigh, N.C. 27603 firstcitizens.com

LOAN RECIPIENTS

# OF JOBS SUPPORTED

$12,641,800

Shri Springlake LLC, Spring Lake; Shree Kanha LLC, Fayetteville; Shreeji Hospitality LLC, Aberdeen; BK Hospitality Group Inc., Fayetteville

$8,813,000

Shiv Sai of Fay Inc., Fayetteville; Sairam of Fayetteville LLC, Fayetteville; KayKay9 Hotels LLC, Fayetteville

$6,711,000

Shri Om Shivshakti LLC, Southern Pines

$6,205,000

Thermal Metal Treating Holding, Aberdeen; Premier Pines Storage LLC, Vass; Whispering Pines Prescription, Carthage; Oyegunwa & Associates IV PLLC, Fayetteville; McNeill-Legacy Funeral Home Inc, Saint Pauls

$5,558,900

White Swan Construction LLC, Dunn; Outgo LLC, Pinehurst; SAI Coopers LLC, Vass

$4,011,100

Carlson Chevrolet, Red Springs; Jay Ruguram Inc, Hope Mills; KC Financial L.L.C., Sanford

$3,885,000

Shiv Sai Krupa LLC, Fayetteville; Mr Yardsaver LLC, Sanford; Naudus Corp., Fayetteville

$3,132,000

Stedman Health Associates Inc., Stedman

$2,778,000

Robinson Courts Inc., Hope Mills; Crown Inn, Fayetteville

$2,559,300

JR Furniture Inc, Fayetteville; Bertrand Properties LLC, Pinehurst

$2,555,000

Mishu Hospitality Inc., Clinton

$2,525,000

Thang Poultry, Star; Nguyen Farms, Shannon

$1,545,500

BRD Fayetteville LLC, Fayetteville; Alan J Asbury CPA PLLC, Raeford

$1,312,000

TM&JB Properties LLC, Fayetteville

$1,306,500

Andrews-McArthur Mini Storage, Fayetteville; Abbott Real Estate Holding LLC, Raeford

$835,400

Better Life Properties LLC, Lumberton; Healing Hands Family Practice, Lumberton

$812,700

Reliant9 LLC, Sanford; Talprn LLC, Cameron

$795,000

Sia Hotels, LLC, Fayetteville

$477,200

Womack & Womack LLC, Fayetteville

$466,000

R&E Lorens LLC, Fayetteville

$423,500

Brindle Enterprises Inc., Lillington

$414,300

Team Salter LLC, Carthage

$385,000

K Jones Industries Inc., Aberdeen

$348,200

LAH Studios LLC, Southern Pines

$335,500

Mountcastle Medical and Med Spa, Lillington

PROMISEONE BANK 2385 Pleasant Hill Rd Duluth, Ga. 30096 promiseone.bank

DOGWOOD STATE BANK

5401 Six Forks Rd Raleigh, N.C. 27609 dogwoodstatebank.com

INCREDIBLEBANK

FIRST FINANCIAL BANK

THE FIDELITY BANK

PACIFIC WESTERN BANK

TD BANK, NATIONAL ASSOCIATION

FIRST NATIONAL BANK OF PENNSYLVANIA

CITIZENS BANK

THE MINT NATIONAL BANK

SOUTH STATE BANK, NATIONAL ASSOCIATION

FIRST SAVINGS BANK

FUND-EX SOLUTIONS GROUP, LLC

KEYBANK NATIONAL ASSOCIATION

LENDINGCLUB BANK, NATIONAL ASSOCIATION

NORTH STATE BANK

# SBA LOANS FY2021

PEOPLES BANK

$ SBA LOANS FY2021

327 N 17th Ave Wausau, Wis. 54401 incrediblebank.com

315 W Main St El Dorado, Ark. 71730 ffb1.com

100 S Main St Fuquay Varina, N.C. 27526 fidelitybanknc.com 9701 Wilshire Blvd, Ste 700 Beverly Hills, Calif. 90212 pacwest.com 2035 Limestone Rd Wilmington, Del. 19808 td.com 166 Main St Greenville, Pa. 16125 fnb-online.com

One Citizens Plz Providence, R.I. 02903 citizensbank.com 1213 Kingwood Dr Kingwood, Texas 77339 themint.bank

1101 First St South Winter Haven, Fla. 33880 southstatebank.com 702 N. Shore Dr, #300 Jeffersonville, Ind. 47130 fsbbank.net 115 Solar St Syracuse, N.Y. 13204 fundexsolutions.com 127 Public Sq Cleveland,44114 key.com

2701 N Thanksgiving Way Lehi, Utah 84043 lendingclub.com 6204 Falls of Neuse Rd Raleigh, N.C. 27609 northstatebank.com

THE BANCORP BANK 409 Silverside Rd, Ste 105 Wilmington, Del. 19809 thebancorp.com

SOURCE: www.sba.gov Ranked by total dollar amount of FY2021 approved SBA (7a) loans to businesses in the GFBJ coverage area.

Page 24

December 22, 2021 - January 6, 2022

Greater Fayetteville Business Journal

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