Business Journal 20130405

BusinessJournal A MONTHLY PUBLICATION OF JOURNAL PUBLISHING AND THE COMMUNITY DEVELOPMENT FOUNDATION

• Home

sales steady in region • Builders optimistic, cautious

April 2013

Document: F001CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 12:21:33;JPC 72 DPI

THE NORTHEAST MISSISSIPPI

BusinessJournal A MONTHLY PUBLICATION OF JOURNAL PUBLISHING AND THE COMMUNITY DEVELOPMENT FOUNDATION

• Home

sales steady in region • Builders optimistic, cautious

April 2013

Document: F001CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 12:21:33;JPC 72 DPI

THE NORTHEAST MISSISSIPPI

BusinessJournal A MONTHLY PUBLICATION OF JOURNAL PUBLISHING AND THE COMMUNITY DEVELOPMENT FOUNDATION

• Home

sales steady in region • Builders optimistic, cautious

April 2013

Document: F001CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 12:21:33;JPC 72 DPI

THE NORTHEAST MISSISSIPPI

BUSINESS JOURNAL

APRIL 2013

Builders optimistic, but face higher costs

BY DENNIS SEID BUSINESS JOURNAL

Higher prices for building materials are pinching home builders’ bottom lines, just as the housing industry is trying to get back on its feet.

Still, Northeast Mississippi builders think economic conditions are improving overall.

Kenneth Estes, president of the Home Builders and Remodelers Association of Northeast Mississippi, said construction across the region has been “hit and miss.”

“But some areas, like Oxford, are wide open,” he said.

For example, in Tupelo, there were 34 new single-family housing permits last year, the lowest number since 1987, when the city began keeping records.

In Oxford, there were 41 in the month of October alone.

Across Lee County, new home construction continues to be strongest in Saltillo and Mooreville. However, builders say even those hot-growth areas have cooled somewhat.

Jay Scruggs has heard arguments for living in the city and living in the county.

“For some, they move to the county for tax purposes,” he said.

Others prefer living in the city, he said, because more buildings and development codes are in play.

Regardless of where people want to live, builders simply want to have homes to build.

But there is some uneasiness among builders nationwide.

In March, the National Association of Home Builders said home builder confidence nationwide declined for the third month in a row. Before the year started, builder confidence had

risen for eight consecutive months.

Rick Judson, the NAHB chairman, blamed the downturn on rising costs of building materials and labor, problems with appraisals and continued difficulties for borrowers trying to get mortgages.

Still, he said builders are more optimistic now than they were last year.

Recent housing industry reports paint a much improved picture nationwide.

However, area builders agree with many real estate agents who say the housing boom-bust cycle in Northeast Mississippi is lagging behind the rest of the country. They say the region entered the recession later than most everyone else, and likewise, it’s recovery is slower as well.

“Certainly, it’s better than it was,” said custom builder Gary Dailey. “I’d like to say I’m cautiously optimistic.”

But that optimism is tempered by higher prices with OSB, lumber, roofing materials, etc.

“OSB is up 100 percent since October, sheet rock is up 30 percent and framing material is up 25 percent,” lamented Estes.

“A supply company told me as of April 15, roofing materials are going up another 15 percent.”

Scotty Bishop has two spec houses he’s been trying to unload for quite some time, but does have five custom homes he’s working on.

“I think everything’s picking up,” he said, though he admitted higher costs are a concern.

“It’s certainly looking better than it has. In fact, this is probably the busiest month I’ve had.”

The sweet spot for selling

LAUREN WOOD | DAILY JOURNAL

B & H Home Builders workers John Brown, bottom, and Terry Graham, right, steady a beam as Austin WIlson nails it in while they work on the frame of a home in the Pleasant Ridge subdivision in Mooreville. houses is between $140,000 to $200,000, said Dailey.

But between land costs, building costs and other factors, it’s becoming more difficult for

Make Your Lawn The Envy Of The Neighborhood

builders to make a profit.

Builders know how much it costs for a new home, whether it’s a spec house or a custombuilt design. However, they

can’t dictate what they’ll eventually get paid. There are other players involved.

“It comes down to three things – construction costs, the appraisal and the bank,” he said.

Naturally, builders want the appraisals on their newly built homes to cover their costs and provide room for profit. The financial institutions making the loans to prospective home buyers also are looking for a measure of protection, and look to make a profit as well.

But if the appraisal of the newly constructed home doesn’t adequately cover the cost of construction, builders are put in a bind. And then there’s the matter of what buyers are willing – and able – to afford and pay.

The number crunching doesn’t always favor the builder.

It’s a dynamic that plays out across the country, not just Northeast Mississippi.

“We see the gap closing between the appraised value of the home and what the market is able to bear selling it,” Dailey said. “It’s getting better, but it’s still problematic.”

Jay Scruggs agrees.

He said lower appraisals are tempering new home construction.

“We really need values to go up,” he said. “Because our costs to build have gone up. ... I’m not sure people realize how much they’ve risen in the past few months.”

While Scruggs, Dailey and other builders are concerned about how the cost-valuationprice dynamic plays out, overall they see conditions improving.

“Lately I’ve had a lot of work, so I can’t complain too much,” Scruggs said. dennis.seid@journalinc.com

We have the tools & equipment to make it happen.

we make it easy.

662-842-7834 • busylad.com • 1818 McCullough Blvd. • Tupelo

Document: F002CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:52:43;JPC 72 DPI

2

BUSINESS JOURNAL

APRIL 2013

Builders optimistic, but face higher costs

BY DENNIS SEID BUSINESS JOURNAL

Higher prices for building materials are pinching home builders’ bottom lines, just as the housing industry is trying to get back on its feet.

Still, Northeast Mississippi builders think economic conditions are improving overall.

Kenneth Estes, president of the Home Builders and Remodelers Association of Northeast Mississippi, said construction across the region has been “hit and miss.”

“But some areas, like Oxford, are wide open,” he said.

For example, in Tupelo, there were 34 new single-family housing permits last year, the lowest number since 1987, when the city began keeping records.

In Oxford, there were 41 in the month of October alone.

Across Lee County, new home construction continues to be strongest in Saltillo and Mooreville. However, builders say even those hot-growth areas have cooled somewhat.

Jay Scruggs has heard arguments for living in the city and living in the county.

“For some, they move to the county for tax purposes,” he said.

Others prefer living in the city, he said, because more buildings and development codes are in play.

Regardless of where people want to live, builders simply want to have homes to build.

But there is some uneasiness among builders nationwide.

In March, the National Association of Home Builders said home builder confidence nationwide declined for the third month in a row. Before the year started, builder confidence had

risen for eight consecutive months.

Rick Judson, the NAHB chairman, blamed the downturn on rising costs of building materials and labor, problems with appraisals and continued difficulties for borrowers trying to get mortgages.

Still, he said builders are more optimistic now than they were last year.

Recent housing industry reports paint a much improved picture nationwide.

However, area builders agree with many real estate agents who say the housing boom-bust cycle in Northeast Mississippi is lagging behind the rest of the country. They say the region entered the recession later than most everyone else, and likewise, it’s recovery is slower as well.

“Certainly, it’s better than it was,” said custom builder Gary Dailey. “I’d like to say I’m cautiously optimistic.”

But that optimism is tempered by higher prices with OSB, lumber, roofing materials, etc.

“OSB is up 100 percent since October, sheet rock is up 30 percent and framing material is up 25 percent,” lamented Estes.

“A supply company told me as of April 15, roofing materials are going up another 15 percent.”

Scotty Bishop has two spec houses he’s been trying to unload for quite some time, but does have five custom homes he’s working on.

“I think everything’s picking up,” he said, though he admitted higher costs are a concern.

“It’s certainly looking better than it has. In fact, this is probably the busiest month I’ve had.”

The sweet spot for selling

LAUREN WOOD | DAILY JOURNAL

B & H Home Builders workers John Brown, bottom, and Terry Graham, right, steady a beam as Austin WIlson nails it in while they work on the frame of a home in the Pleasant Ridge subdivision in Mooreville. houses is between $140,000 to $200,000, said Dailey.

But between land costs, building costs and other factors, it’s becoming more difficult for

Make Your Lawn The Envy Of The Neighborhood

builders to make a profit.

Builders know how much it costs for a new home, whether it’s a spec house or a custombuilt design. However, they

can’t dictate what they’ll eventually get paid. There are other players involved.

“It comes down to three things – construction costs, the appraisal and the bank,” he said.

Naturally, builders want the appraisals on their newly built homes to cover their costs and provide room for profit. The financial institutions making the loans to prospective home buyers also are looking for a measure of protection, and look to make a profit as well.

But if the appraisal of the newly constructed home doesn’t adequately cover the cost of construction, builders are put in a bind. And then there’s the matter of what buyers are willing – and able – to afford and pay.

The number crunching doesn’t always favor the builder.

It’s a dynamic that plays out across the country, not just Northeast Mississippi.

“We see the gap closing between the appraised value of the home and what the market is able to bear selling it,” Dailey said. “It’s getting better, but it’s still problematic.”

Jay Scruggs agrees.

He said lower appraisals are tempering new home construction.

“We really need values to go up,” he said. “Because our costs to build have gone up. ... I’m not sure people realize how much they’ve risen in the past few months.”

While Scruggs, Dailey and other builders are concerned about how the cost-valuationprice dynamic plays out, overall they see conditions improving.

“Lately I’ve had a lot of work, so I can’t complain too much,” Scruggs said. dennis.seid@journalinc.com

We have the tools & equipment to make it happen.

we make it easy.

662-842-7834 • busylad.com • 1818 McCullough Blvd. • Tupelo

Document: F002CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:52:43;JPC 72 DPI

2

BUSINESS JOURNAL

APRIL 2013

Builders optimistic, but face higher costs

BY DENNIS SEID BUSINESS JOURNAL

Higher prices for building materials are pinching home builders’ bottom lines, just as the housing industry is trying to get back on its feet.

Still, Northeast Mississippi builders think economic conditions are improving overall.

Kenneth Estes, president of the Home Builders and Remodelers Association of Northeast Mississippi, said construction across the region has been “hit and miss.”

“But some areas, like Oxford, are wide open,” he said.

For example, in Tupelo, there were 34 new single-family housing permits last year, the lowest number since 1987, when the city began keeping records.

In Oxford, there were 41 in the month of October alone.

Across Lee County, new home construction continues to be strongest in Saltillo and Mooreville. However, builders say even those hot-growth areas have cooled somewhat.

Jay Scruggs has heard arguments for living in the city and living in the county.

“For some, they move to the county for tax purposes,” he said.

Others prefer living in the city, he said, because more buildings and development codes are in play.

Regardless of where people want to live, builders simply want to have homes to build.

But there is some uneasiness among builders nationwide.

In March, the National Association of Home Builders said home builder confidence nationwide declined for the third month in a row. Before the year started, builder confidence had

risen for eight consecutive months.

Rick Judson, the NAHB chairman, blamed the downturn on rising costs of building materials and labor, problems with appraisals and continued difficulties for borrowers trying to get mortgages.

Still, he said builders are more optimistic now than they were last year.

Recent housing industry reports paint a much improved picture nationwide.

However, area builders agree with many real estate agents who say the housing boom-bust cycle in Northeast Mississippi is lagging behind the rest of the country. They say the region entered the recession later than most everyone else, and likewise, it’s recovery is slower as well.

“Certainly, it’s better than it was,” said custom builder Gary Dailey. “I’d like to say I’m cautiously optimistic.”

But that optimism is tempered by higher prices with OSB, lumber, roofing materials, etc.

“OSB is up 100 percent since October, sheet rock is up 30 percent and framing material is up 25 percent,” lamented Estes.

“A supply company told me as of April 15, roofing materials are going up another 15 percent.”

Scotty Bishop has two spec houses he’s been trying to unload for quite some time, but does have five custom homes he’s working on.

“I think everything’s picking up,” he said, though he admitted higher costs are a concern.

“It’s certainly looking better than it has. In fact, this is probably the busiest month I’ve had.”

The sweet spot for selling

LAUREN WOOD | DAILY JOURNAL

B & H Home Builders workers John Brown, bottom, and Terry Graham, right, steady a beam as Austin WIlson nails it in while they work on the frame of a home in the Pleasant Ridge subdivision in Mooreville. houses is between $140,000 to $200,000, said Dailey.

But between land costs, building costs and other factors, it’s becoming more difficult for

Make Your Lawn The Envy Of The Neighborhood

builders to make a profit.

Builders know how much it costs for a new home, whether it’s a spec house or a custombuilt design. However, they

can’t dictate what they’ll eventually get paid. There are other players involved.

“It comes down to three things – construction costs, the appraisal and the bank,” he said.

Naturally, builders want the appraisals on their newly built homes to cover their costs and provide room for profit. The financial institutions making the loans to prospective home buyers also are looking for a measure of protection, and look to make a profit as well.

But if the appraisal of the newly constructed home doesn’t adequately cover the cost of construction, builders are put in a bind. And then there’s the matter of what buyers are willing – and able – to afford and pay.

The number crunching doesn’t always favor the builder.

It’s a dynamic that plays out across the country, not just Northeast Mississippi.

“We see the gap closing between the appraised value of the home and what the market is able to bear selling it,” Dailey said. “It’s getting better, but it’s still problematic.”

Jay Scruggs agrees.

He said lower appraisals are tempering new home construction.

“We really need values to go up,” he said. “Because our costs to build have gone up. ... I’m not sure people realize how much they’ve risen in the past few months.”

While Scruggs, Dailey and other builders are concerned about how the cost-valuationprice dynamic plays out, overall they see conditions improving.

“Lately I’ve had a lot of work, so I can’t complain too much,” Scruggs said. dennis.seid@journalinc.com

We have the tools & equipment to make it happen.

we make it easy.

662-842-7834 • busylad.com • 1818 McCullough Blvd. • Tupelo

Document: F002CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:52:43;JPC 72 DPI

2

3

Home sales steady in Northeast Mississippi

BY SARAH ROBINSON BUSINESS JOURNAL

Despite fluctuations in the housing market nationally, Northeast Mississippi sales remain steady.

The 2012 average sale price of homes in the region was basically unchanged from 2011 levels, falling slightly from $117,752 to $117,661.

Local real estate experts say that contrary to national trends, the Tupelo housing market has not experienced the same losses that have been seen elsewhere.

Nationally, home sales this year improved 0.8 percent from January to February and are 10.2 percent higher than the same time in 2012. The market gains are viewed as a step closer to recovery for the ailing housing market that reached crisis level when home prices bottomed out in 2009, sending many into foreclosure and tightened lending from the nation’s largest banks.

According to the U.S. Census Bureau, the national average home price reached more than $300,000 in July 2008 but dropped precipitously, reaching as low as $241,000 in 2011. It was not uncommon for some areas across the country to experience losses of 30 percent.

Tommy Morgan, who has more than 40 years experience in the Northeast Mississippi real estate market said,“Our highs are never as high, our lows are never as low.”

He said low interest rates have kept buyers in the market for homes in the area. Morgan said rates are the lowest he has seen in his 43-year career.

According to Freddie Mac, the national average rate on a 30-year fixed mortgage as of February 2013 was 3.53 percent.

Comparatively, rates hovered around 6.0 percent to 6.5 percent in 2008. In 1981, rates reached as high as 18 percent.

Tupelo is the economic hub of the region, and the region’s housing market is clearly affected by what happens in the All-America City.

Ellen Short, who also been a Realtor in the area for more than 40 years, said,

LAUREN WOOD | DAILY JOURNAL

Construction workers with B & H Home Builders work on the frame of a home in the Pleasant Ridge subdivision in Mooreville.

“Tupelo is always a bright spot,” she said.

However, Short said home prices have not returned to the peak levels from five years ago, and they may not for some time. In 2008, before the housing market crisis peaked, the average home sale price in Northeast Mississippi was $121,836.

VOLUME UNCHANGED

Also, the volume of home sales last year is little changed from four years earlier.

According to numbers provided by the Northeast Mississippi Board of Realtors, 1,378 homes were sold in 2008, compared to 1,365 in 2012.

The Northeast Mississippi Board of Realtors is comprised of approximately 300 agents covering seven counties: Lee, Pontotoc, Union, Prentiss, Itawamba, Monroe and Chickasaw.

Short said the region has not been affected as harshly as other areas partially because of its finan-

cial institutions.

“We have conservative banks,” she said, so the market was not flooded with high-risk mortgages and speculative building.

She said Tupelo, like most markets, went through a period where prices were escalating quickly.

Short said homes are holding their value, but that appreciation is growing much more slowly.

Short advises that now that the market has changed, people also need to change their expectations, Neither Morgan nor Short said one neighborhood stands out, but that across Tupelo and at all price points, homes are selling.

In February, 92 homes in Northeast Mississippi sold at an average price of $126,984, compared with 90 sales averaging $113,164 for the same period last year.

The most notable shift from 2012 to 2013 was the number of sales that were reported above and below the $100,000 level. In 2012, 58.9 percent of homes sold

for less than $100,000, compared to only 45.7 percent in 2013.

Morgan said he has seen buyers “coming to the table with more money.”

CREDIT STILL TIGHT

He said lending has eased up a little, but credit is still tight.

For most Americans, a home is the single largest purchase they will make, and finding secure financing can be difficult.

Morgan said local mortgage lenders are working hard to help home buyers find the right avenue through which to buy a home. Banking regulations have become more stringent since bad lending practices led to the housing market crisis five years ago.

Short advises new home buyers to sit down and closely examine their finances in order to determine how much to spend.

She warned, “Don’t afford it just because someone says you can.”

Instead, she said prospective buyers should

figure out what they’re comfortable with paying.

Margaret Peel has been a mortgage loan officer at M&F Bank in Tupelo for more than 18 years. She said despite tighter lending since the decline, “We have a lot of great loan opportunities and rates are very, very good.”

She said unconventional loans, like those offered through the U.S. Department of Agriculture and the Department of Veterans offer programs that will extend financing up to 100 percent. And although lenders did go through a period where loans could take up to 45 days to close, they now are seeing more customers in and out in only three to four weeks.

Peel said a good rule of thumb is that a monthly mortgage payment should not exceed 28 or 29 percent of household income and that total monthly debt should not exceed 41 percent. However, she said programs are available that offer borrowers more flexibility.

She said rates in the area range from 3.25 to around 4.375 percent, depending on attributes of the buyer as well as the property being purchased.

Sue Golmon, president of the Northeast Mississippi Board of Realtors, recommends new home buyers sit down with a mortgage broker before they even begin looking for houses.

“Go to a mortgage company, talk to them and figure out what you can afford,” she said.

Peel agreed.

“They know their lifestyle better than we do,” she said of buyers.

She also cautioned firsttime home buyers to consider their lifestyle. “There is more to life than just a house payment,” Peel said.

Golmon also noted that getting pre-approval helps home buyers be more competitive, because reasonably priced homes on the market can move very quickly. sarah.robinson@journalinc.com

Document: F003CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:51:54;JPC 72 DPI

BUSINESS JOURNAL

APRIL 2013

3

Home sales steady in Northeast Mississippi

BY SARAH ROBINSON BUSINESS JOURNAL

Despite fluctuations in the housing market nationally, Northeast Mississippi sales remain steady.

The 2012 average sale price of homes in the region was basically unchanged from 2011 levels, falling slightly from $117,752 to $117,661.

Local real estate experts say that contrary to national trends, the Tupelo housing market has not experienced the same losses that have been seen elsewhere.

Nationally, home sales this year improved 0.8 percent from January to February and are 10.2 percent higher than the same time in 2012. The market gains are viewed as a step closer to recovery for the ailing housing market that reached crisis level when home prices bottomed out in 2009, sending many into foreclosure and tightened lending from the nation’s largest banks.

According to the U.S. Census Bureau, the national average home price reached more than $300,000 in July 2008 but dropped precipitously, reaching as low as $241,000 in 2011. It was not uncommon for some areas across the country to experience losses of 30 percent.

Tommy Morgan, who has more than 40 years experience in the Northeast Mississippi real estate market said,“Our highs are never as high, our lows are never as low.”

He said low interest rates have kept buyers in the market for homes in the area. Morgan said rates are the lowest he has seen in his 43-year career.

According to Freddie Mac, the national average rate on a 30-year fixed mortgage as of February 2013 was 3.53 percent.

Comparatively, rates hovered around 6.0 percent to 6.5 percent in 2008. In 1981, rates reached as high as 18 percent.

Tupelo is the economic hub of the region, and the region’s housing market is clearly affected by what happens in the All-America City.

Ellen Short, who also been a Realtor in the area for more than 40 years, said,

LAUREN WOOD | DAILY JOURNAL

Construction workers with B & H Home Builders work on the frame of a home in the Pleasant Ridge subdivision in Mooreville.

“Tupelo is always a bright spot,” she said.

However, Short said home prices have not returned to the peak levels from five years ago, and they may not for some time. In 2008, before the housing market crisis peaked, the average home sale price in Northeast Mississippi was $121,836.

VOLUME UNCHANGED

Also, the volume of home sales last year is little changed from four years earlier.

According to numbers provided by the Northeast Mississippi Board of Realtors, 1,378 homes were sold in 2008, compared to 1,365 in 2012.

The Northeast Mississippi Board of Realtors is comprised of approximately 300 agents covering seven counties: Lee, Pontotoc, Union, Prentiss, Itawamba, Monroe and Chickasaw.

Short said the region has not been affected as harshly as other areas partially because of its finan-

cial institutions.

“We have conservative banks,” she said, so the market was not flooded with high-risk mortgages and speculative building.

She said Tupelo, like most markets, went through a period where prices were escalating quickly.

Short said homes are holding their value, but that appreciation is growing much more slowly.

Short advises that now that the market has changed, people also need to change their expectations, Neither Morgan nor Short said one neighborhood stands out, but that across Tupelo and at all price points, homes are selling.

In February, 92 homes in Northeast Mississippi sold at an average price of $126,984, compared with 90 sales averaging $113,164 for the same period last year.

The most notable shift from 2012 to 2013 was the number of sales that were reported above and below the $100,000 level. In 2012, 58.9 percent of homes sold

for less than $100,000, compared to only 45.7 percent in 2013.

Morgan said he has seen buyers “coming to the table with more money.”

CREDIT STILL TIGHT

He said lending has eased up a little, but credit is still tight.

For most Americans, a home is the single largest purchase they will make, and finding secure financing can be difficult.

Morgan said local mortgage lenders are working hard to help home buyers find the right avenue through which to buy a home. Banking regulations have become more stringent since bad lending practices led to the housing market crisis five years ago.

Short advises new home buyers to sit down and closely examine their finances in order to determine how much to spend.

She warned, “Don’t afford it just because someone says you can.”

Instead, she said prospective buyers should

figure out what they’re comfortable with paying.

Margaret Peel has been a mortgage loan officer at M&F Bank in Tupelo for more than 18 years. She said despite tighter lending since the decline, “We have a lot of great loan opportunities and rates are very, very good.”

She said unconventional loans, like those offered through the U.S. Department of Agriculture and the Department of Veterans offer programs that will extend financing up to 100 percent. And although lenders did go through a period where loans could take up to 45 days to close, they now are seeing more customers in and out in only three to four weeks.

Peel said a good rule of thumb is that a monthly mortgage payment should not exceed 28 or 29 percent of household income and that total monthly debt should not exceed 41 percent. However, she said programs are available that offer borrowers more flexibility.

She said rates in the area range from 3.25 to around 4.375 percent, depending on attributes of the buyer as well as the property being purchased.

Sue Golmon, president of the Northeast Mississippi Board of Realtors, recommends new home buyers sit down with a mortgage broker before they even begin looking for houses.

“Go to a mortgage company, talk to them and figure out what you can afford,” she said.

Peel agreed.

“They know their lifestyle better than we do,” she said of buyers.

She also cautioned firsttime home buyers to consider their lifestyle. “There is more to life than just a house payment,” Peel said.

Golmon also noted that getting pre-approval helps home buyers be more competitive, because reasonably priced homes on the market can move very quickly. sarah.robinson@journalinc.com

Document: F003CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:51:54;JPC 72 DPI

BUSINESS JOURNAL

APRIL 2013

3

Home sales steady in Northeast Mississippi

BY SARAH ROBINSON BUSINESS JOURNAL

Despite fluctuations in the housing market nationally, Northeast Mississippi sales remain steady.

The 2012 average sale price of homes in the region was basically unchanged from 2011 levels, falling slightly from $117,752 to $117,661.

Local real estate experts say that contrary to national trends, the Tupelo housing market has not experienced the same losses that have been seen elsewhere.

Nationally, home sales this year improved 0.8 percent from January to February and are 10.2 percent higher than the same time in 2012. The market gains are viewed as a step closer to recovery for the ailing housing market that reached crisis level when home prices bottomed out in 2009, sending many into foreclosure and tightened lending from the nation’s largest banks.

According to the U.S. Census Bureau, the national average home price reached more than $300,000 in July 2008 but dropped precipitously, reaching as low as $241,000 in 2011. It was not uncommon for some areas across the country to experience losses of 30 percent.

Tommy Morgan, who has more than 40 years experience in the Northeast Mississippi real estate market said,“Our highs are never as high, our lows are never as low.”

He said low interest rates have kept buyers in the market for homes in the area. Morgan said rates are the lowest he has seen in his 43-year career.

According to Freddie Mac, the national average rate on a 30-year fixed mortgage as of February 2013 was 3.53 percent.

Comparatively, rates hovered around 6.0 percent to 6.5 percent in 2008. In 1981, rates reached as high as 18 percent.

Tupelo is the economic hub of the region, and the region’s housing market is clearly affected by what happens in the All-America City.

Ellen Short, who also been a Realtor in the area for more than 40 years, said,

LAUREN WOOD | DAILY JOURNAL

Construction workers with B & H Home Builders work on the frame of a home in the Pleasant Ridge subdivision in Mooreville.

“Tupelo is always a bright spot,” she said.

However, Short said home prices have not returned to the peak levels from five years ago, and they may not for some time. In 2008, before the housing market crisis peaked, the average home sale price in Northeast Mississippi was $121,836.

VOLUME UNCHANGED

Also, the volume of home sales last year is little changed from four years earlier.

According to numbers provided by the Northeast Mississippi Board of Realtors, 1,378 homes were sold in 2008, compared to 1,365 in 2012.

The Northeast Mississippi Board of Realtors is comprised of approximately 300 agents covering seven counties: Lee, Pontotoc, Union, Prentiss, Itawamba, Monroe and Chickasaw.

Short said the region has not been affected as harshly as other areas partially because of its finan-

cial institutions.

“We have conservative banks,” she said, so the market was not flooded with high-risk mortgages and speculative building.

She said Tupelo, like most markets, went through a period where prices were escalating quickly.

Short said homes are holding their value, but that appreciation is growing much more slowly.

Short advises that now that the market has changed, people also need to change their expectations, Neither Morgan nor Short said one neighborhood stands out, but that across Tupelo and at all price points, homes are selling.

In February, 92 homes in Northeast Mississippi sold at an average price of $126,984, compared with 90 sales averaging $113,164 for the same period last year.

The most notable shift from 2012 to 2013 was the number of sales that were reported above and below the $100,000 level. In 2012, 58.9 percent of homes sold

for less than $100,000, compared to only 45.7 percent in 2013.

Morgan said he has seen buyers “coming to the table with more money.”

CREDIT STILL TIGHT

He said lending has eased up a little, but credit is still tight.

For most Americans, a home is the single largest purchase they will make, and finding secure financing can be difficult.

Morgan said local mortgage lenders are working hard to help home buyers find the right avenue through which to buy a home. Banking regulations have become more stringent since bad lending practices led to the housing market crisis five years ago.

Short advises new home buyers to sit down and closely examine their finances in order to determine how much to spend.

She warned, “Don’t afford it just because someone says you can.”

Instead, she said prospective buyers should

figure out what they’re comfortable with paying.

Margaret Peel has been a mortgage loan officer at M&F Bank in Tupelo for more than 18 years. She said despite tighter lending since the decline, “We have a lot of great loan opportunities and rates are very, very good.”

She said unconventional loans, like those offered through the U.S. Department of Agriculture and the Department of Veterans offer programs that will extend financing up to 100 percent. And although lenders did go through a period where loans could take up to 45 days to close, they now are seeing more customers in and out in only three to four weeks.

Peel said a good rule of thumb is that a monthly mortgage payment should not exceed 28 or 29 percent of household income and that total monthly debt should not exceed 41 percent. However, she said programs are available that offer borrowers more flexibility.

She said rates in the area range from 3.25 to around 4.375 percent, depending on attributes of the buyer as well as the property being purchased.

Sue Golmon, president of the Northeast Mississippi Board of Realtors, recommends new home buyers sit down with a mortgage broker before they even begin looking for houses.

“Go to a mortgage company, talk to them and figure out what you can afford,” she said.

Peel agreed.

“They know their lifestyle better than we do,” she said of buyers.

She also cautioned firsttime home buyers to consider their lifestyle. “There is more to life than just a house payment,” Peel said.

Golmon also noted that getting pre-approval helps home buyers be more competitive, because reasonably priced homes on the market can move very quickly. sarah.robinson@journalinc.com

Document: F003CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:51:54;JPC 72 DPI

BUSINESS JOURNAL

APRIL 2013

BUSINESS JOURNAL |

Room to Room adds Serta brand to lineup

TUPELO – Room to Room Furniture store has added Serta to its existing lines of furniture, mattresses and accessories for the home.

In 2011, Serta took the top position as bedding brand leader among mattress manufacturers, the same year its iComfort Sleep System was introduced. IComfort incorporates memory foam technology with its Cool Action gel memory foam. Serta also redesigned its Perfect Sleeper, which is the only official mattress of the National Sleep Foundation.

“Both of these products are considered Consumers Digest Best Buys, and I am pleased to offer the top mattress brand to bedding consumers in North Mississippi,” said Lisa Hawkins, owner of Room to Room. “We are excited about adding Serta to the several lines

BRIEFING

|

of quality home furnishings from which our customers can choose.”

Starkville among 7 MDA grant recipients

JACKSON – The Mississippi Development Authority recently awarded seven MissisJACKSON – The Missis- sippi communities sippi Department of En- grants under the Asset vironmental Quality and Development Division’s the Mississippi ManuCreative Economy Grant facturers’ Association Program. will host an environThe Creative Econmental and energy sem- omy Grant Program inar on April 10 in funds will be used by Jackson. the communities to add The topics revolve creative economy activiaround the theme of ties to their long-range “Environmental Leader- growth and strategic ship: A Smart Business plans or to enhance the Choice.” Energy efficreative environment in ciency and waste reduc- their areas. tion opportunities will Grants were awarded be discussed. The event on a competitive basis will be held at the Marat a maximum of riott in downtown Jack$10,000 each with a reson, beginning at 8 a.m. quired 50/50 match The seminar will be from recipients. followed by a luncheon The communities rerecognizing the newest ceiving the grants were members of MDEQ’s en- DeKalb, Natchez, Ocean Hance program.

Springs, Pascagoula, For more information, Rolling Fork, Starkville contact Barbara Hopkins and Woodville/Wilkinson at MMA at (601) 292-1125 County.

Daily Journal reports or barbara@mma-web.org.

Environmental, energy seminar to be April 10

APRIL 2013

Hidden price points can raise borrowers’ costs

BY JACK GUTTENTAG THE MORTGAGE PROFESSOR

Mortgage lenders every morning reset their “posted prices,” which are the prices they will commit to at that time to a borrower who meets their qualification requirements. On a given transaction, posted prices will vary from lender to lender, and in a well-functioning market, the shopping borrower would find the lender posting the best price and grab it. But that turns out to be quite difficult to do.

The problem is that posted prices are not public information. Lenders deliver them to their loan officers, brokers and others authorized to offer their loans to the public.

But these agents are not obliged to quote posted prices to mortgage shoppers, and in many cases they do not.

Agents looking to snare the shopper as a customer may price below the posted price, called lowballing. It is a common practice because it is often the only method available to the agent to separate herself from the others.

After the customer is committed, the agent may price above the posted price, known as highballing, to increase the profit margin.

If the market price subsequently declines, the shopper will receive the early price quote instead of the new, lower posted price. If the market price

increases, the shopper will pay the new posted price or higher - probably with an explanation and perhaps even an apology.

WHY LOW-BALLING WORKS: Agents can’t be held to the prices they quote to shoppers because market prices will change before the price is locked. The information provided by a borrower, upon which a price quote depends, must be confirmed by the lender before the price is locked.

Validation of some features, such as credit score, is quick. But others, including property value, usually take days to complete and sometimes weeks. While the applicant is waiting for the lender to validate her information, the posted price is likely to change with changes in the market, making the early price quote obsolete.

WHY HIGH-BALLING WORKS: The typical applicant has no way to know whether or not she is getting the lender’s posted price at the time the price is locked. By that time, the applicant may be committed to the transaction, having invested in an appraisal that is not transferable to another lender, and possibly having paid other fees as well. Indeed, if the transaction is a home purchase with a firm closing date, there may not be time to start the process again.

To avoid low-balling,

mortgage shoppers must have access to the posted prices of the lenders being shopped. This assures that their selection of the lender with the lowest price is correct. To avoid high-balling, they must have access to the posted prices of the lender they have selected when that lender locks the price.

This assures that they are receiving the correct price.

The only way that shoppers can compare posted prices of competing lenders, and check that the locked price is the posted price, is to access a multi-lender website that obtains the posted prices of participating lenders for disclosure to shoppers in real time. There are three: MortgageMarvel.com, Zillow.com and MtgProfessor.com, which is mine.

Don’t confuse multilender sites with lead generation sites, such as LendingTree.com and LowerMyBills.com, which do business with hundreds of lenders. These sites do not collect price data from lenders. Rather, they collect shoppers’ financial information, which is sold to the three or four lenders who will pay the most for it. The shopper remains completely vulnerable to lowballing and high-balling by those lenders.

JACK GUTTENTAG is professor emeritus of finance at the Wharton School of the University of Pennsylvania. Comments and questions can be left at www.mtgprofessor.com.

Business Journal THE NORTHEAST MISSISSIPPI

A MONTHLY PUBLICATION OF JOURNAL PUBLISHING AND THE COMMUNITY DEVELOPMENT FOUNDATION

For Advertising Information Contact Your Advertising Consultant, or Call

662.842.2614

Document: F004CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 12:22:03;JPC 72 DPI

4

BUSINESS JOURNAL |

Room to Room adds Serta brand to lineup

TUPELO – Room to Room Furniture store has added Serta to its existing lines of furniture, mattresses and accessories for the home.

In 2011, Serta took the top position as bedding brand leader among mattress manufacturers, the same year its iComfort Sleep System was introduced. IComfort incorporates memory foam technology with its Cool Action gel memory foam. Serta also redesigned its Perfect Sleeper, which is the only official mattress of the National Sleep Foundation.

“Both of these products are considered Consumers Digest Best Buys, and I am pleased to offer the top mattress brand to bedding consumers in North Mississippi,” said Lisa Hawkins, owner of Room to Room. “We are excited about adding Serta to the several lines

BRIEFING

|

of quality home furnishings from which our customers can choose.”

Starkville among 7 MDA grant recipients

JACKSON – The Mississippi Development Authority recently awarded seven MissisJACKSON – The Missis- sippi communities sippi Department of En- grants under the Asset vironmental Quality and Development Division’s the Mississippi ManuCreative Economy Grant facturers’ Association Program. will host an environThe Creative Econmental and energy sem- omy Grant Program inar on April 10 in funds will be used by Jackson. the communities to add The topics revolve creative economy activiaround the theme of ties to their long-range “Environmental Leader- growth and strategic ship: A Smart Business plans or to enhance the Choice.” Energy efficreative environment in ciency and waste reduc- their areas. tion opportunities will Grants were awarded be discussed. The event on a competitive basis will be held at the Marat a maximum of riott in downtown Jack$10,000 each with a reson, beginning at 8 a.m. quired 50/50 match The seminar will be from recipients. followed by a luncheon The communities rerecognizing the newest ceiving the grants were members of MDEQ’s en- DeKalb, Natchez, Ocean Hance program.

Springs, Pascagoula, For more information, Rolling Fork, Starkville contact Barbara Hopkins and Woodville/Wilkinson at MMA at (601) 292-1125 County.

Daily Journal reports or barbara@mma-web.org.

Environmental, energy seminar to be April 10

APRIL 2013

Hidden price points can raise borrowers’ costs

BY JACK GUTTENTAG THE MORTGAGE PROFESSOR

Mortgage lenders every morning reset their “posted prices,” which are the prices they will commit to at that time to a borrower who meets their qualification requirements. On a given transaction, posted prices will vary from lender to lender, and in a well-functioning market, the shopping borrower would find the lender posting the best price and grab it. But that turns out to be quite difficult to do.

The problem is that posted prices are not public information. Lenders deliver them to their loan officers, brokers and others authorized to offer their loans to the public.

But these agents are not obliged to quote posted prices to mortgage shoppers, and in many cases they do not.

Agents looking to snare the shopper as a customer may price below the posted price, called lowballing. It is a common practice because it is often the only method available to the agent to separate herself from the others.

After the customer is committed, the agent may price above the posted price, known as highballing, to increase the profit margin.

If the market price subsequently declines, the shopper will receive the early price quote instead of the new, lower posted price. If the market price

increases, the shopper will pay the new posted price or higher - probably with an explanation and perhaps even an apology.

WHY LOW-BALLING WORKS: Agents can’t be held to the prices they quote to shoppers because market prices will change before the price is locked. The information provided by a borrower, upon which a price quote depends, must be confirmed by the lender before the price is locked.

Validation of some features, such as credit score, is quick. But others, including property value, usually take days to complete and sometimes weeks. While the applicant is waiting for the lender to validate her information, the posted price is likely to change with changes in the market, making the early price quote obsolete.

WHY HIGH-BALLING WORKS: The typical applicant has no way to know whether or not she is getting the lender’s posted price at the time the price is locked. By that time, the applicant may be committed to the transaction, having invested in an appraisal that is not transferable to another lender, and possibly having paid other fees as well. Indeed, if the transaction is a home purchase with a firm closing date, there may not be time to start the process again.

To avoid low-balling,

mortgage shoppers must have access to the posted prices of the lenders being shopped. This assures that their selection of the lender with the lowest price is correct. To avoid high-balling, they must have access to the posted prices of the lender they have selected when that lender locks the price.

This assures that they are receiving the correct price.

The only way that shoppers can compare posted prices of competing lenders, and check that the locked price is the posted price, is to access a multi-lender website that obtains the posted prices of participating lenders for disclosure to shoppers in real time. There are three: MortgageMarvel.com, Zillow.com and MtgProfessor.com, which is mine.

Don’t confuse multilender sites with lead generation sites, such as LendingTree.com and LowerMyBills.com, which do business with hundreds of lenders. These sites do not collect price data from lenders. Rather, they collect shoppers’ financial information, which is sold to the three or four lenders who will pay the most for it. The shopper remains completely vulnerable to lowballing and high-balling by those lenders.

JACK GUTTENTAG is professor emeritus of finance at the Wharton School of the University of Pennsylvania. Comments and questions can be left at www.mtgprofessor.com.

Business Journal THE NORTHEAST MISSISSIPPI

A MONTHLY PUBLICATION OF JOURNAL PUBLISHING AND THE COMMUNITY DEVELOPMENT FOUNDATION

For Advertising Information Contact Your Advertising Consultant, or Call

662.842.2614

Document: F004CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 12:22:03;JPC 72 DPI

4

BUSINESS JOURNAL |

Room to Room adds Serta brand to lineup

TUPELO – Room to Room Furniture store has added Serta to its existing lines of furniture, mattresses and accessories for the home.

In 2011, Serta took the top position as bedding brand leader among mattress manufacturers, the same year its iComfort Sleep System was introduced. IComfort incorporates memory foam technology with its Cool Action gel memory foam. Serta also redesigned its Perfect Sleeper, which is the only official mattress of the National Sleep Foundation.

“Both of these products are considered Consumers Digest Best Buys, and I am pleased to offer the top mattress brand to bedding consumers in North Mississippi,” said Lisa Hawkins, owner of Room to Room. “We are excited about adding Serta to the several lines

BRIEFING

|

of quality home furnishings from which our customers can choose.”

Starkville among 7 MDA grant recipients

JACKSON – The Mississippi Development Authority recently awarded seven MissisJACKSON – The Missis- sippi communities sippi Department of En- grants under the Asset vironmental Quality and Development Division’s the Mississippi ManuCreative Economy Grant facturers’ Association Program. will host an environThe Creative Econmental and energy sem- omy Grant Program inar on April 10 in funds will be used by Jackson. the communities to add The topics revolve creative economy activiaround the theme of ties to their long-range “Environmental Leader- growth and strategic ship: A Smart Business plans or to enhance the Choice.” Energy efficreative environment in ciency and waste reduc- their areas. tion opportunities will Grants were awarded be discussed. The event on a competitive basis will be held at the Marat a maximum of riott in downtown Jack$10,000 each with a reson, beginning at 8 a.m. quired 50/50 match The seminar will be from recipients. followed by a luncheon The communities rerecognizing the newest ceiving the grants were members of MDEQ’s en- DeKalb, Natchez, Ocean Hance program.

Springs, Pascagoula, For more information, Rolling Fork, Starkville contact Barbara Hopkins and Woodville/Wilkinson at MMA at (601) 292-1125 County.

Daily Journal reports or barbara@mma-web.org.

Environmental, energy seminar to be April 10

APRIL 2013

Hidden price points can raise borrowers’ costs

BY JACK GUTTENTAG THE MORTGAGE PROFESSOR

Mortgage lenders every morning reset their “posted prices,” which are the prices they will commit to at that time to a borrower who meets their qualification requirements. On a given transaction, posted prices will vary from lender to lender, and in a well-functioning market, the shopping borrower would find the lender posting the best price and grab it. But that turns out to be quite difficult to do.

The problem is that posted prices are not public information. Lenders deliver them to their loan officers, brokers and others authorized to offer their loans to the public.

But these agents are not obliged to quote posted prices to mortgage shoppers, and in many cases they do not.

Agents looking to snare the shopper as a customer may price below the posted price, called lowballing. It is a common practice because it is often the only method available to the agent to separate herself from the others.

After the customer is committed, the agent may price above the posted price, known as highballing, to increase the profit margin.

If the market price subsequently declines, the shopper will receive the early price quote instead of the new, lower posted price. If the market price

increases, the shopper will pay the new posted price or higher - probably with an explanation and perhaps even an apology.

WHY LOW-BALLING WORKS: Agents can’t be held to the prices they quote to shoppers because market prices will change before the price is locked. The information provided by a borrower, upon which a price quote depends, must be confirmed by the lender before the price is locked.

Validation of some features, such as credit score, is quick. But others, including property value, usually take days to complete and sometimes weeks. While the applicant is waiting for the lender to validate her information, the posted price is likely to change with changes in the market, making the early price quote obsolete.

WHY HIGH-BALLING WORKS: The typical applicant has no way to know whether or not she is getting the lender’s posted price at the time the price is locked. By that time, the applicant may be committed to the transaction, having invested in an appraisal that is not transferable to another lender, and possibly having paid other fees as well. Indeed, if the transaction is a home purchase with a firm closing date, there may not be time to start the process again.

To avoid low-balling,

mortgage shoppers must have access to the posted prices of the lenders being shopped. This assures that their selection of the lender with the lowest price is correct. To avoid high-balling, they must have access to the posted prices of the lender they have selected when that lender locks the price.

This assures that they are receiving the correct price.

The only way that shoppers can compare posted prices of competing lenders, and check that the locked price is the posted price, is to access a multi-lender website that obtains the posted prices of participating lenders for disclosure to shoppers in real time. There are three: MortgageMarvel.com, Zillow.com and MtgProfessor.com, which is mine.

Don’t confuse multilender sites with lead generation sites, such as LendingTree.com and LowerMyBills.com, which do business with hundreds of lenders. These sites do not collect price data from lenders. Rather, they collect shoppers’ financial information, which is sold to the three or four lenders who will pay the most for it. The shopper remains completely vulnerable to lowballing and high-balling by those lenders.

JACK GUTTENTAG is professor emeritus of finance at the Wharton School of the University of Pennsylvania. Comments and questions can be left at www.mtgprofessor.com.

Business Journal THE NORTHEAST MISSISSIPPI

A MONTHLY PUBLICATION OF JOURNAL PUBLISHING AND THE COMMUNITY DEVELOPMENT FOUNDATION

For Advertising Information Contact Your Advertising Consultant, or Call

662.842.2614

Document: F004CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 12:22:03;JPC 72 DPI

4

5

Housing industry seems to be on road to recovery

T

he implosion of the housing market led to the Great Recession. And its recovery is playing a major role in the economy’s rebound.

Lawrence Yun, the chief economist for the National Association of Realtors, said residential construction, remodeling, moving, gardening and furniture buying add up to 20 percent of the the county’s GDP. The most recent reports about the housing industry show more building, increased sales, higher prices and other encouraging signs: • The NAR said home sales have been rising every month since October 2011.

• U.S. builders started construction of homes in February at the second-fastest pace in 41⁄2 years, further evidence of a sustainable housing recovery.

• The Commerce Department said builders in February broke ground on homes last month at a seasonally adjusted annual rate of 917,000, up from 910,000 in January. The only time the rate has been faster since June 2008 was in December, when

DENNIS SEID

the pace reached 982,000. That’s not the torrid pace of 1.2 million homes before the recession, but far better than the 300,000400,000 rate during the depths of the

downturn.

• Total existing home sales increased by 0.8 percent to a seasonally adjusted annual rate of 4.98 million in February from January, and the February figure was 10.2 percent higher than February 2012.

• The national median of existing home prices was $173,600 in February, up 11.6 percent from a year earlier. The last time there were 12 consecutive months of year-on-year price increases was from June 2005 to May 2006, in the years leading up to the subprime crisis of 2007-2008. The February gain is the strongest since November 2005, when it was 12.9 percent above a year earlier.

In a March report, real estate price forecaster Fiserv Case-Shiller said trends point to a return to a “normal” housing market, with prices projected to grow 3.3 percent per year in the next five years.

In a March report, real estate price forecaster Fiserv CaseShiller said trends point to a return to a “normal” housing market, with prices projected to grow 3.3 percent per year in the next five years.

• Home Depot is hiring 80,000 people this spring, and Lowe’s is adding 54,000, signs the home improvement retailers.

Yun, naturally, paints a glowing picture for the industry.

“Job growth in the improving economy and pent up demand are causing both home sales and rental leasing to rise,” he said. “Though home prices are rising much faster than rents, historically low mortgage rates are still making home purchases affordable.”

Stating the obvious, he said, “This housing market recovery

is a tremendous boost to the economy.

Yun estimated U.S. homes will be worth $3 trillion more than they were at the bottom of the market. That will spur consumer spending by an extra $100 billion this year, he said.

But real estate, as the saying goes, is all about location, location, location.

And like politics, real estate is also local.

Those national numbers don’t necessarily apply to Northeast Mississippi, for better or worse. Real estate professionals in the region have long maintained that we don’t experience the great peaks or endure the valleys most other areas do.

In this month’s Business Journal issue, you’ll find perspec-

tives from Realtors and builders about the housing market in Northeast Mississippi. The overall outlook is positive and hopeful, but there are some concerns.

However, the housing industry doesn’t have to look far to find inspiration.

The U.S. auto industry four years ago bottomed out, selling the fewest number of vehicles in nearly 30 years.

Dealerships had closed, factories were shuttered. The outlook was grim.

Today, the industry is back on its feet, with sales approaching near pre-recession numbers.

Those peak numbers likely won’t be achieved againanytime soon, but the industry is far better off than it was and well on the way to recovery.

Comparing the housing and auto industries isn’t apples to apples, but just as we saw confidence – and numbers – improve over time with the auto industry, we see parallels with the housing industry.

Contact DENNIS SEID at (662) 6781578 or dennis.seid@djournal.com.

Commercial Real Estate Specialists since 1952

662-842-8283 See All Of Our Listings Here At

www.TRIrealestate.net

Document: F005CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:52:18;JPC 72 DPI

BUSINESS JOURNAL

APRIL 2013

5

Housing industry seems to be on road to recovery

T

he implosion of the housing market led to the Great Recession. And its recovery is playing a major role in the economy’s rebound.

Lawrence Yun, the chief economist for the National Association of Realtors, said residential construction, remodeling, moving, gardening and furniture buying add up to 20 percent of the the county’s GDP. The most recent reports about the housing industry show more building, increased sales, higher prices and other encouraging signs: • The NAR said home sales have been rising every month since October 2011.

• U.S. builders started construction of homes in February at the second-fastest pace in 41⁄2 years, further evidence of a sustainable housing recovery.

• The Commerce Department said builders in February broke ground on homes last month at a seasonally adjusted annual rate of 917,000, up from 910,000 in January. The only time the rate has been faster since June 2008 was in December, when

DENNIS SEID

the pace reached 982,000. That’s not the torrid pace of 1.2 million homes before the recession, but far better than the 300,000400,000 rate during the depths of the

downturn.

• Total existing home sales increased by 0.8 percent to a seasonally adjusted annual rate of 4.98 million in February from January, and the February figure was 10.2 percent higher than February 2012.

• The national median of existing home prices was $173,600 in February, up 11.6 percent from a year earlier. The last time there were 12 consecutive months of year-on-year price increases was from June 2005 to May 2006, in the years leading up to the subprime crisis of 2007-2008. The February gain is the strongest since November 2005, when it was 12.9 percent above a year earlier.

In a March report, real estate price forecaster Fiserv Case-Shiller said trends point to a return to a “normal” housing market, with prices projected to grow 3.3 percent per year in the next five years.

In a March report, real estate price forecaster Fiserv CaseShiller said trends point to a return to a “normal” housing market, with prices projected to grow 3.3 percent per year in the next five years.

• Home Depot is hiring 80,000 people this spring, and Lowe’s is adding 54,000, signs the home improvement retailers.

Yun, naturally, paints a glowing picture for the industry.

“Job growth in the improving economy and pent up demand are causing both home sales and rental leasing to rise,” he said. “Though home prices are rising much faster than rents, historically low mortgage rates are still making home purchases affordable.”

Stating the obvious, he said, “This housing market recovery

is a tremendous boost to the economy.

Yun estimated U.S. homes will be worth $3 trillion more than they were at the bottom of the market. That will spur consumer spending by an extra $100 billion this year, he said.

But real estate, as the saying goes, is all about location, location, location.

And like politics, real estate is also local.

Those national numbers don’t necessarily apply to Northeast Mississippi, for better or worse. Real estate professionals in the region have long maintained that we don’t experience the great peaks or endure the valleys most other areas do.

In this month’s Business Journal issue, you’ll find perspec-

tives from Realtors and builders about the housing market in Northeast Mississippi. The overall outlook is positive and hopeful, but there are some concerns.

However, the housing industry doesn’t have to look far to find inspiration.

The U.S. auto industry four years ago bottomed out, selling the fewest number of vehicles in nearly 30 years.

Dealerships had closed, factories were shuttered. The outlook was grim.

Today, the industry is back on its feet, with sales approaching near pre-recession numbers.

Those peak numbers likely won’t be achieved againanytime soon, but the industry is far better off than it was and well on the way to recovery.

Comparing the housing and auto industries isn’t apples to apples, but just as we saw confidence – and numbers – improve over time with the auto industry, we see parallels with the housing industry.

Contact DENNIS SEID at (662) 6781578 or dennis.seid@djournal.com.

Commercial Real Estate Specialists since 1952

662-842-8283 See All Of Our Listings Here At

www.TRIrealestate.net

Document: F005CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:52:18;JPC 72 DPI

BUSINESS JOURNAL

APRIL 2013

5

Housing industry seems to be on road to recovery

T

he implosion of the housing market led to the Great Recession. And its recovery is playing a major role in the economy’s rebound.

Lawrence Yun, the chief economist for the National Association of Realtors, said residential construction, remodeling, moving, gardening and furniture buying add up to 20 percent of the the county’s GDP. The most recent reports about the housing industry show more building, increased sales, higher prices and other encouraging signs: • The NAR said home sales have been rising every month since October 2011.

• U.S. builders started construction of homes in February at the second-fastest pace in 41⁄2 years, further evidence of a sustainable housing recovery.

• The Commerce Department said builders in February broke ground on homes last month at a seasonally adjusted annual rate of 917,000, up from 910,000 in January. The only time the rate has been faster since June 2008 was in December, when

DENNIS SEID

the pace reached 982,000. That’s not the torrid pace of 1.2 million homes before the recession, but far better than the 300,000400,000 rate during the depths of the

downturn.

• Total existing home sales increased by 0.8 percent to a seasonally adjusted annual rate of 4.98 million in February from January, and the February figure was 10.2 percent higher than February 2012.

• The national median of existing home prices was $173,600 in February, up 11.6 percent from a year earlier. The last time there were 12 consecutive months of year-on-year price increases was from June 2005 to May 2006, in the years leading up to the subprime crisis of 2007-2008. The February gain is the strongest since November 2005, when it was 12.9 percent above a year earlier.

In a March report, real estate price forecaster Fiserv Case-Shiller said trends point to a return to a “normal” housing market, with prices projected to grow 3.3 percent per year in the next five years.

In a March report, real estate price forecaster Fiserv CaseShiller said trends point to a return to a “normal” housing market, with prices projected to grow 3.3 percent per year in the next five years.

• Home Depot is hiring 80,000 people this spring, and Lowe’s is adding 54,000, signs the home improvement retailers.

Yun, naturally, paints a glowing picture for the industry.

“Job growth in the improving economy and pent up demand are causing both home sales and rental leasing to rise,” he said. “Though home prices are rising much faster than rents, historically low mortgage rates are still making home purchases affordable.”

Stating the obvious, he said, “This housing market recovery

is a tremendous boost to the economy.

Yun estimated U.S. homes will be worth $3 trillion more than they were at the bottom of the market. That will spur consumer spending by an extra $100 billion this year, he said.

But real estate, as the saying goes, is all about location, location, location.

And like politics, real estate is also local.

Those national numbers don’t necessarily apply to Northeast Mississippi, for better or worse. Real estate professionals in the region have long maintained that we don’t experience the great peaks or endure the valleys most other areas do.

In this month’s Business Journal issue, you’ll find perspec-

tives from Realtors and builders about the housing market in Northeast Mississippi. The overall outlook is positive and hopeful, but there are some concerns.

However, the housing industry doesn’t have to look far to find inspiration.

The U.S. auto industry four years ago bottomed out, selling the fewest number of vehicles in nearly 30 years.

Dealerships had closed, factories were shuttered. The outlook was grim.

Today, the industry is back on its feet, with sales approaching near pre-recession numbers.

Those peak numbers likely won’t be achieved againanytime soon, but the industry is far better off than it was and well on the way to recovery.

Comparing the housing and auto industries isn’t apples to apples, but just as we saw confidence – and numbers – improve over time with the auto industry, we see parallels with the housing industry.

Contact DENNIS SEID at (662) 6781578 or dennis.seid@djournal.com.

Commercial Real Estate Specialists since 1952

662-842-8283 See All Of Our Listings Here At

www.TRIrealestate.net

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BUSINESS JOURNAL

APRIL 2013

BUSINESS JOURNAL

APRIL 2013

Shirley Curry

Realtor,

ABR, CRS, SFR, CRA, CPPS

Life Member Multi-Million Dollar Club

Office: (662) 680-9355 Cell: (662) 321-1674

AMANDA MILLER

shirley.curry@crye-leike.com 1289 North Gloster, Suite A Tupelo, MS 38804 • www.crye-leike.com • Development • Investment Property • Commercial• Residential ®

3543 Tom Watson Drive Tupelo, MS 38801

Office 662-620-2232

Cell 662-2132764 Fax 662-620-2233 amiller@cbtupelo.com

REALTORS

®

KNOWLEDGE IS POWER!!!

Chance Beck Office: (662) 680-9355 Cell: (662) 315-0185 chance.beck@crye-leike.com http://chancebeck.crye-leike.com/ 1289 North Gloster, Suite A Tupelo, MS 38804 • www.crye-leike.com

®

GENA NOLAN 3543 Tom Watson Drive Tupelo, MS 38801

Office 662-620-2232

Cell 662-891-6283 Fax 662-620-2233 gnolan@cbtupelo.com

REALTORS

®

EDUCATE YOURSELF!!!

Vicki West

Joyce Riley

vwest@crye-leike.com http://vickiwest.crye-leike.com 1289 North Gloster, Suite A Tupelo, MS 38804 • www.crye-leike.com

Fax 662-842-3094

Cell: 662-231-9251 jcupriley@aol.com

Office: (662) 680-9355 Cell: (662) 322-4962

Office 662-842-3844

REALTORS

®

210 East Main Street • Tupelo, MS 38804

CONSULT WITH US TODAY!!!

Pat Kurtz

Jennifer Harrelson

REALTOR® Buying or Selling - Service with a Smile!

Cell: 662-871-3574 jennifer@tmhomes.com

Office: (662) 680-9355 Cell: (662) 372-0233 E-Fax: (901) 261-0618

Office 662-842-3844 Fax 662-842-3094

pat.kurtz@crye-leike.com 1289 North Gloster, Suite A Tupelo, MS 38804 www.crye-leike.com Refer me to your friends!

REALTORS

®

210 East Main Street • Tupelo, MS 38804

LIVE THE AMERICAN DREAM! Jean Leech REALTOR®

“Best of the Best Service” Office: (662) 680-9355 Cell: (662) 231-4016 Direct Fax: (901) 653-2260 jleech@crye-leike.com 1289 North Gloster, Suite A Tupelo, MS 38804 www.crye-leike.com Refer me to your friends!

REALTORS

®

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6

BUSINESS JOURNAL

APRIL 2013

Shirley Curry

Realtor,

ABR, CRS, SFR, CRA, CPPS

Life Member Multi-Million Dollar Club

Office: (662) 680-9355 Cell: (662) 321-1674

AMANDA MILLER

shirley.curry@crye-leike.com 1289 North Gloster, Suite A Tupelo, MS 38804 • www.crye-leike.com • Development • Investment Property • Commercial• Residential ®

3543 Tom Watson Drive Tupelo, MS 38801

Office 662-620-2232

Cell 662-2132764 Fax 662-620-2233 amiller@cbtupelo.com

REALTORS

®

KNOWLEDGE IS POWER!!!

Chance Beck Office: (662) 680-9355 Cell: (662) 315-0185 chance.beck@crye-leike.com http://chancebeck.crye-leike.com/ 1289 North Gloster, Suite A Tupelo, MS 38804 • www.crye-leike.com

®

GENA NOLAN 3543 Tom Watson Drive Tupelo, MS 38801

Office 662-620-2232

Cell 662-891-6283 Fax 662-620-2233 gnolan@cbtupelo.com

REALTORS

®

EDUCATE YOURSELF!!!

Vicki West

Joyce Riley

vwest@crye-leike.com http://vickiwest.crye-leike.com 1289 North Gloster, Suite A Tupelo, MS 38804 • www.crye-leike.com

Fax 662-842-3094

Cell: 662-231-9251 jcupriley@aol.com

Office: (662) 680-9355 Cell: (662) 322-4962

Office 662-842-3844

REALTORS

®

210 East Main Street • Tupelo, MS 38804

CONSULT WITH US TODAY!!!

Pat Kurtz

Jennifer Harrelson

REALTOR® Buying or Selling - Service with a Smile!

Cell: 662-871-3574 jennifer@tmhomes.com

Office: (662) 680-9355 Cell: (662) 372-0233 E-Fax: (901) 261-0618

Office 662-842-3844 Fax 662-842-3094

pat.kurtz@crye-leike.com 1289 North Gloster, Suite A Tupelo, MS 38804 www.crye-leike.com Refer me to your friends!

REALTORS

®

210 East Main Street • Tupelo, MS 38804

LIVE THE AMERICAN DREAM! Jean Leech REALTOR®

“Best of the Best Service” Office: (662) 680-9355 Cell: (662) 231-4016 Direct Fax: (901) 653-2260 jleech@crye-leike.com 1289 North Gloster, Suite A Tupelo, MS 38804 www.crye-leike.com Refer me to your friends!

REALTORS

®

Document: F006CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:31:01;JPC 72 DPI

6

BUSINESS JOURNAL

APRIL 2013

Shirley Curry

Realtor,

ABR, CRS, SFR, CRA, CPPS

Life Member Multi-Million Dollar Club

Office: (662) 680-9355 Cell: (662) 321-1674

AMANDA MILLER

shirley.curry@crye-leike.com 1289 North Gloster, Suite A Tupelo, MS 38804 • www.crye-leike.com • Development • Investment Property • Commercial• Residential ®

3543 Tom Watson Drive Tupelo, MS 38801

Office 662-620-2232

Cell 662-2132764 Fax 662-620-2233 amiller@cbtupelo.com

REALTORS

®

KNOWLEDGE IS POWER!!!

Chance Beck Office: (662) 680-9355 Cell: (662) 315-0185 chance.beck@crye-leike.com http://chancebeck.crye-leike.com/ 1289 North Gloster, Suite A Tupelo, MS 38804 • www.crye-leike.com

®

GENA NOLAN 3543 Tom Watson Drive Tupelo, MS 38801

Office 662-620-2232

Cell 662-891-6283 Fax 662-620-2233 gnolan@cbtupelo.com

REALTORS

®

EDUCATE YOURSELF!!!

Vicki West

Joyce Riley

vwest@crye-leike.com http://vickiwest.crye-leike.com 1289 North Gloster, Suite A Tupelo, MS 38804 • www.crye-leike.com

Fax 662-842-3094

Cell: 662-231-9251 jcupriley@aol.com

Office: (662) 680-9355 Cell: (662) 322-4962

Office 662-842-3844

REALTORS

®

210 East Main Street • Tupelo, MS 38804

CONSULT WITH US TODAY!!!

Pat Kurtz

Jennifer Harrelson

REALTOR® Buying or Selling - Service with a Smile!

Cell: 662-871-3574 jennifer@tmhomes.com

Office: (662) 680-9355 Cell: (662) 372-0233 E-Fax: (901) 261-0618

Office 662-842-3844 Fax 662-842-3094

pat.kurtz@crye-leike.com 1289 North Gloster, Suite A Tupelo, MS 38804 www.crye-leike.com Refer me to your friends!

REALTORS

®

210 East Main Street • Tupelo, MS 38804

LIVE THE AMERICAN DREAM! Jean Leech REALTOR®

“Best of the Best Service” Office: (662) 680-9355 Cell: (662) 231-4016 Direct Fax: (901) 653-2260 jleech@crye-leike.com 1289 North Gloster, Suite A Tupelo, MS 38804 www.crye-leike.com Refer me to your friends!

REALTORS

®

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6

7

Emma Lou Clingan Office: (662) 680-9355 Cell: (662) 610-3163

LINDA SWINNEY

emmalou.clingan@crye-leike.com http://emmalouclingan.crye-leike.com 1289 North Gloster, Suite A Tupelo, MS 38804 • www.crye-leike.com

1720 McCullough Blvd.

Tupelo, MS 38801

Office 662-842-7878

Cell 662-401-1196 Fax 662-840-5531 suegardnerrealty.com

®

REALTORS

®

Each office is independently owned and operated.

KNOWLEDGE IS POWER!!!

Waurene Clark Heflin, Realtor

“ A Passionate Commitment to Unsurpassed Service”

MULTI-MILLION DOLLAR PRODUCER

Office: 680-9355 Cell: 891-5631 Home: 842-8226 “Anytime”

Gloria............

Office Cell Fax efax

Rhiannon Heflin, Marketing Assistant

My Motto: MAKE SOMEONE HAPPY TODAY!

REALTORS

®

email: wheflin@crye-leike.com www.wheflin.crye-leike.com

“I appreciate referrals and the opportunity to help you with any house. God has blessed me with happy customers. May I help you?

Gloria Holliday

372-2826

(662) 680-9355 (662) 372-2826 (662) 680-8418 (901) 653-2456

Realtors

website: www.crye-leike.com • email: gford@cryeleike.com

EDUCATE YOURSELF!!!

Margaret Stiles Awarded National Designation by ERA Real Estate Stiles Nationally Recognized for 2012 Performance Margaret Stiles of ERA Key Realty in New Albany, MS was awarded a Circle of Honor designation

by ERA Franchise Systems LLC, a global franchise leader in the residential real estate industry.

Announced at the end of January, Margaret will receive recognition for this designation at the 2013 ERA® International Business Conference, March 21-24 in Austin, Texas.

Margaret s commitment to excellence has served her well as she enters this esteemed realm of professional achievement, said Charlie Young, president and chief executive of cer of ERA Franchise Systems LLC. I am proud to have Margaret as part of the ERA Real Estate team.

MARGARET STILES (662) 321-1953

ERA Key Realty

456 W. Bankhead, New Albany, MS 38652 www.key-realty.com

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BUSINESS JOURNAL

APRIL 2013

7

Emma Lou Clingan Office: (662) 680-9355 Cell: (662) 610-3163

LINDA SWINNEY

emmalou.clingan@crye-leike.com http://emmalouclingan.crye-leike.com 1289 North Gloster, Suite A Tupelo, MS 38804 • www.crye-leike.com

1720 McCullough Blvd.

Tupelo, MS 38801

Office 662-842-7878

Cell 662-401-1196 Fax 662-840-5531 suegardnerrealty.com

®

REALTORS

®

Each office is independently owned and operated.

KNOWLEDGE IS POWER!!!

Waurene Clark Heflin, Realtor

“ A Passionate Commitment to Unsurpassed Service”

MULTI-MILLION DOLLAR PRODUCER

Office: 680-9355 Cell: 891-5631 Home: 842-8226 “Anytime”

Gloria............

Office Cell Fax efax

Rhiannon Heflin, Marketing Assistant

My Motto: MAKE SOMEONE HAPPY TODAY!

REALTORS

®

email: wheflin@crye-leike.com www.wheflin.crye-leike.com

“I appreciate referrals and the opportunity to help you with any house. God has blessed me with happy customers. May I help you?

Gloria Holliday

372-2826

(662) 680-9355 (662) 372-2826 (662) 680-8418 (901) 653-2456

Realtors

website: www.crye-leike.com • email: gford@cryeleike.com

EDUCATE YOURSELF!!!

Margaret Stiles Awarded National Designation by ERA Real Estate Stiles Nationally Recognized for 2012 Performance Margaret Stiles of ERA Key Realty in New Albany, MS was awarded a Circle of Honor designation

by ERA Franchise Systems LLC, a global franchise leader in the residential real estate industry.

Announced at the end of January, Margaret will receive recognition for this designation at the 2013 ERA® International Business Conference, March 21-24 in Austin, Texas.

Margaret s commitment to excellence has served her well as she enters this esteemed realm of professional achievement, said Charlie Young, president and chief executive of cer of ERA Franchise Systems LLC. I am proud to have Margaret as part of the ERA Real Estate team.

MARGARET STILES (662) 321-1953

ERA Key Realty

456 W. Bankhead, New Albany, MS 38652 www.key-realty.com

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BUSINESS JOURNAL

APRIL 2013

7

Emma Lou Clingan Office: (662) 680-9355 Cell: (662) 610-3163

LINDA SWINNEY

emmalou.clingan@crye-leike.com http://emmalouclingan.crye-leike.com 1289 North Gloster, Suite A Tupelo, MS 38804 • www.crye-leike.com

1720 McCullough Blvd.

Tupelo, MS 38801

Office 662-842-7878

Cell 662-401-1196 Fax 662-840-5531 suegardnerrealty.com

®

REALTORS

®

Each office is independently owned and operated.

KNOWLEDGE IS POWER!!!

Waurene Clark Heflin, Realtor

“ A Passionate Commitment to Unsurpassed Service”

MULTI-MILLION DOLLAR PRODUCER

Office: 680-9355 Cell: 891-5631 Home: 842-8226 “Anytime”

Gloria............

Office Cell Fax efax

Rhiannon Heflin, Marketing Assistant

My Motto: MAKE SOMEONE HAPPY TODAY!

REALTORS

®

email: wheflin@crye-leike.com www.wheflin.crye-leike.com

“I appreciate referrals and the opportunity to help you with any house. God has blessed me with happy customers. May I help you?

Gloria Holliday

372-2826

(662) 680-9355 (662) 372-2826 (662) 680-8418 (901) 653-2456

Realtors

website: www.crye-leike.com • email: gford@cryeleike.com

EDUCATE YOURSELF!!!

Margaret Stiles Awarded National Designation by ERA Real Estate Stiles Nationally Recognized for 2012 Performance Margaret Stiles of ERA Key Realty in New Albany, MS was awarded a Circle of Honor designation

by ERA Franchise Systems LLC, a global franchise leader in the residential real estate industry.

Announced at the end of January, Margaret will receive recognition for this designation at the 2013 ERA® International Business Conference, March 21-24 in Austin, Texas.

Margaret s commitment to excellence has served her well as she enters this esteemed realm of professional achievement, said Charlie Young, president and chief executive of cer of ERA Franchise Systems LLC. I am proud to have Margaret as part of the ERA Real Estate team.

MARGARET STILES (662) 321-1953

ERA Key Realty

456 W. Bankhead, New Albany, MS 38652 www.key-realty.com

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BUSINESS JOURNAL

APRIL 2013

BUSINESS JOURNAL

APRIL 2013

Home equity lines of credit begin to make a comeback

BY PAUL GORES MCCLATCHY-TRIBUNE

Download the Free BancorpSouth Mobile App Directly to your Phone!

Home equity lines of credit, which soared in popularity during the housing boom but faded as residential real estate values crashed, are starting to make a comeback.

The growing revival in consumers taking out loans secured by their homes is being driven by several factors, but chief among them is that home prices finally have stabilized in the slowly improving economy, bankers and analysts said.

“It’s clearly a reflection of the economy,” said Thomas R. Homberg, leader of the financial institutions practice group at the Milwaukee law firm Godfrey & Kahn. “Housing has rebounded, and you see consumers out there buying things.”

Nationally, home equity lines of credit by banks peaked at $668 billion in 2008, just as the recession was about to dig in and an overheated housing market was beginning its collapse. By 2012, they had decreased by 17 percent to $554 billion, according to the Federal Deposit Insurance Corp.

But some banks are advertising home equity lines of credit again, often with low introductory interest rates. Home equity lines of

credit are revolving lines of credit in which the borrower’s house serves as collateral. The interest rate normally is variable, tied to an index.

Banks and credit unions also offer traditional sec-

Nationally, home equity lines of credit by banks peaked at $668 billion in 2008, just as the recession was about to dig in and an overheated housing market was beginning its collapse. ond mortgages, which provide a fixed amount of money that is repaid over a fixed period of time.

During the housing bubble, when many lenders and investors mistakenly assumed residential real estate values would keep appreciating, some consumers overused the equity in their homes to buy whatever they wanted – |

ON THE MONEY

from cars to home improvements to vacations – and supported a lifestyle their incomes could not. It ended in financial hardship, if not ruin.

Lending standards have tightened since then, said Greg McBride, a financial analyst with Bankrate.com.

“The home equity loans and lines of credit that lenders are looking to issue now require the borrower to retain typically a 20 percent equity stake, so there’s a sufficient margin of safety there,” McBride said. “It’s much different from the go-go days of the housing boom, when borrowers were borrowing against the last nickel of equity in the house.”

Although financial institutions have been criticized by politicians for not doing enough lending since the recession, the problem for banks has been finding qualified borrowers who are reasonably certain to pay the money back, McBride said. As the economy improves and people and businesses become more confident in their financial position, borrowing should grow.

“Banks are in business to loan money,” McBride said. “This nonsense that banks don’t want to make loans is like saying McDonald’s doesn’t want to sell hamburgers.”

|

Calculating a manageable mortgage

BY CHUCK MYERS MCCLATCHY-TRIBUNE

Although mortgage rates continue to be at or near new record lows, the search for a home mortgage to fit the family budget can still prove a challenge.

Several websites offer online calculators with a variety of features designed to help prospective homebuyers gauge monthly mortgage payments.

Here are just a few: BANKRATE.COM: Offers calculators to gauge mortgage payment amounts and how much you can afford. www.bankrate.com/ calculators/mortgages/ mortgage-calculator.aspx FEDERAL RESERVE: Supplies basic calculators for determining a fixed-rate or adjustable-rate mortgage. www.federalreserve. gov/apps/mortcalc/ • OMEFAIR.COM: Establish the loan amount you can handle using a mortgage

affordability calculator. www.homefair.com/tools/ mortgage-affordabilitycalculator/index.asp INTEREST.COM: Provides calculators for a variety of borrowing scenarios. www.interest.com/ mortgage/calculators/ mortgage-calculator/ MORTGAGE CALCULATORS: Features mortgage calculators, as well as others for borrowing and credit-related topics. www.mort gage-calculators.org/cal culators/calculators.html

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8

BUSINESS JOURNAL

APRIL 2013

Home equity lines of credit begin to make a comeback

BY PAUL GORES MCCLATCHY-TRIBUNE

Download the Free BancorpSouth Mobile App Directly to your Phone!

Home equity lines of credit, which soared in popularity during the housing boom but faded as residential real estate values crashed, are starting to make a comeback.

The growing revival in consumers taking out loans secured by their homes is being driven by several factors, but chief among them is that home prices finally have stabilized in the slowly improving economy, bankers and analysts said.

“It’s clearly a reflection of the economy,” said Thomas R. Homberg, leader of the financial institutions practice group at the Milwaukee law firm Godfrey & Kahn. “Housing has rebounded, and you see consumers out there buying things.”

Nationally, home equity lines of credit by banks peaked at $668 billion in 2008, just as the recession was about to dig in and an overheated housing market was beginning its collapse. By 2012, they had decreased by 17 percent to $554 billion, according to the Federal Deposit Insurance Corp.

But some banks are advertising home equity lines of credit again, often with low introductory interest rates. Home equity lines of

credit are revolving lines of credit in which the borrower’s house serves as collateral. The interest rate normally is variable, tied to an index.

Banks and credit unions also offer traditional sec-

Nationally, home equity lines of credit by banks peaked at $668 billion in 2008, just as the recession was about to dig in and an overheated housing market was beginning its collapse. ond mortgages, which provide a fixed amount of money that is repaid over a fixed period of time.

During the housing bubble, when many lenders and investors mistakenly assumed residential real estate values would keep appreciating, some consumers overused the equity in their homes to buy whatever they wanted – |

ON THE MONEY

from cars to home improvements to vacations – and supported a lifestyle their incomes could not. It ended in financial hardship, if not ruin.

Lending standards have tightened since then, said Greg McBride, a financial analyst with Bankrate.com.

“The home equity loans and lines of credit that lenders are looking to issue now require the borrower to retain typically a 20 percent equity stake, so there’s a sufficient margin of safety there,” McBride said. “It’s much different from the go-go days of the housing boom, when borrowers were borrowing against the last nickel of equity in the house.”

Although financial institutions have been criticized by politicians for not doing enough lending since the recession, the problem for banks has been finding qualified borrowers who are reasonably certain to pay the money back, McBride said. As the economy improves and people and businesses become more confident in their financial position, borrowing should grow.

“Banks are in business to loan money,” McBride said. “This nonsense that banks don’t want to make loans is like saying McDonald’s doesn’t want to sell hamburgers.”

|

Calculating a manageable mortgage

BY CHUCK MYERS MCCLATCHY-TRIBUNE

Although mortgage rates continue to be at or near new record lows, the search for a home mortgage to fit the family budget can still prove a challenge.

Several websites offer online calculators with a variety of features designed to help prospective homebuyers gauge monthly mortgage payments.

Here are just a few: BANKRATE.COM: Offers calculators to gauge mortgage payment amounts and how much you can afford. www.bankrate.com/ calculators/mortgages/ mortgage-calculator.aspx FEDERAL RESERVE: Supplies basic calculators for determining a fixed-rate or adjustable-rate mortgage. www.federalreserve. gov/apps/mortcalc/ • OMEFAIR.COM: Establish the loan amount you can handle using a mortgage

affordability calculator. www.homefair.com/tools/ mortgage-affordabilitycalculator/index.asp INTEREST.COM: Provides calculators for a variety of borrowing scenarios. www.interest.com/ mortgage/calculators/ mortgage-calculator/ MORTGAGE CALCULATORS: Features mortgage calculators, as well as others for borrowing and credit-related topics. www.mort gage-calculators.org/cal culators/calculators.html

Document: F008CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:52:11;JPC 72 DPI

8

BUSINESS JOURNAL

APRIL 2013

Home equity lines of credit begin to make a comeback

BY PAUL GORES MCCLATCHY-TRIBUNE

Download the Free BancorpSouth Mobile App Directly to your Phone!

Home equity lines of credit, which soared in popularity during the housing boom but faded as residential real estate values crashed, are starting to make a comeback.

The growing revival in consumers taking out loans secured by their homes is being driven by several factors, but chief among them is that home prices finally have stabilized in the slowly improving economy, bankers and analysts said.

“It’s clearly a reflection of the economy,” said Thomas R. Homberg, leader of the financial institutions practice group at the Milwaukee law firm Godfrey & Kahn. “Housing has rebounded, and you see consumers out there buying things.”

Nationally, home equity lines of credit by banks peaked at $668 billion in 2008, just as the recession was about to dig in and an overheated housing market was beginning its collapse. By 2012, they had decreased by 17 percent to $554 billion, according to the Federal Deposit Insurance Corp.

But some banks are advertising home equity lines of credit again, often with low introductory interest rates. Home equity lines of

credit are revolving lines of credit in which the borrower’s house serves as collateral. The interest rate normally is variable, tied to an index.

Banks and credit unions also offer traditional sec-

Nationally, home equity lines of credit by banks peaked at $668 billion in 2008, just as the recession was about to dig in and an overheated housing market was beginning its collapse. ond mortgages, which provide a fixed amount of money that is repaid over a fixed period of time.

During the housing bubble, when many lenders and investors mistakenly assumed residential real estate values would keep appreciating, some consumers overused the equity in their homes to buy whatever they wanted – |

ON THE MONEY

from cars to home improvements to vacations – and supported a lifestyle their incomes could not. It ended in financial hardship, if not ruin.

Lending standards have tightened since then, said Greg McBride, a financial analyst with Bankrate.com.

“The home equity loans and lines of credit that lenders are looking to issue now require the borrower to retain typically a 20 percent equity stake, so there’s a sufficient margin of safety there,” McBride said. “It’s much different from the go-go days of the housing boom, when borrowers were borrowing against the last nickel of equity in the house.”

Although financial institutions have been criticized by politicians for not doing enough lending since the recession, the problem for banks has been finding qualified borrowers who are reasonably certain to pay the money back, McBride said. As the economy improves and people and businesses become more confident in their financial position, borrowing should grow.

“Banks are in business to loan money,” McBride said. “This nonsense that banks don’t want to make loans is like saying McDonald’s doesn’t want to sell hamburgers.”

|

Calculating a manageable mortgage

BY CHUCK MYERS MCCLATCHY-TRIBUNE

Although mortgage rates continue to be at or near new record lows, the search for a home mortgage to fit the family budget can still prove a challenge.

Several websites offer online calculators with a variety of features designed to help prospective homebuyers gauge monthly mortgage payments.

Here are just a few: BANKRATE.COM: Offers calculators to gauge mortgage payment amounts and how much you can afford. www.bankrate.com/ calculators/mortgages/ mortgage-calculator.aspx FEDERAL RESERVE: Supplies basic calculators for determining a fixed-rate or adjustable-rate mortgage. www.federalreserve. gov/apps/mortcalc/ • OMEFAIR.COM: Establish the loan amount you can handle using a mortgage

affordability calculator. www.homefair.com/tools/ mortgage-affordabilitycalculator/index.asp INTEREST.COM: Provides calculators for a variety of borrowing scenarios. www.interest.com/ mortgage/calculators/ mortgage-calculator/ MORTGAGE CALCULATORS: Features mortgage calculators, as well as others for borrowing and credit-related topics. www.mort gage-calculators.org/cal culators/calculators.html

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8

ChamberConnection A publication of Journal Publishing and the CDF Chamber Division – April 2013

CDF Annual Meeting set for May 2 The 2012-2013 Community Development Foundation (CDF) Annual Meeting will be held Thursday, May 2, at the Tupelo Furniture Market Building 6. The event begins at 5:30 p.m. with a dinner reception featuring member restaurants. The program will follow at 6:30 p.m.

“This year we are excited to utilize a movie theme to showcase the successes of Tupelo and Lee County over the past year.

Using video and pictures of our members and events will allow us to spotlight the many success stories our membership has experienced this year. It will definitely be more of a comedy than a drama; expect a lot of laughs,” said Karen Geddie,VP of the Chamber of Commerce.

During this year’s celebration of members, guests will sample a variety of delicacies from area restaurants as well as traditional movie-themed snacks including popcorn, nachos, and gourmet hotdogs. Following the dinner reception, guests will enjoy a special video presentation featuring CDF Chairman David Copenhaver highlighting many of the specific accomplishments in growth and development of area industries.

The 2012-2013 fiscal year was an exciting year for Tupelo and Lee County, full of accomplishments for small businesses, community planning, and development.

CDF will celebrate many accomplishments of the past year as well as discuss exciting new ideas and goals to support and diversify Tupelo and Lee County’s economy. Specific topics to be addressed include the multiple accomplishments of the new industries that located in Lee County and the specific ways in which they have affected the community. CDF’s chairman-elect Chauncey Godwin will provide an outlook of the upcoming year.

Other highlights of the meeting will include the announcement of the newly elected Board of Directors, recognition of the Jim Ingram Community Leadership Institute’s graduating class of 2013, and acknowledgement of the 2012-2013 Ambassador of the Year.

All CDF members are invited to this special event and are encouraged to RSVP at www.CDFAnnualMeeting.org. For ticket information, please contact Karen Geddie at (662) 842-4521 or kgeddie@cdfms.org.

Document: F009CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:29:43;JPC 72 DPI

A CDF

ChamberConnection A publication of Journal Publishing and the CDF Chamber Division – April 2013

CDF Annual Meeting set for May 2 The 2012-2013 Community Development Foundation (CDF) Annual Meeting will be held Thursday, May 2, at the Tupelo Furniture Market Building 6. The event begins at 5:30 p.m. with a dinner reception featuring member restaurants. The program will follow at 6:30 p.m.

“This year we are excited to utilize a movie theme to showcase the successes of Tupelo and Lee County over the past year.

Using video and pictures of our members and events will allow us to spotlight the many success stories our membership has experienced this year. It will definitely be more of a comedy than a drama; expect a lot of laughs,” said Karen Geddie,VP of the Chamber of Commerce.

During this year’s celebration of members, guests will sample a variety of delicacies from area restaurants as well as traditional movie-themed snacks including popcorn, nachos, and gourmet hotdogs. Following the dinner reception, guests will enjoy a special video presentation featuring CDF Chairman David Copenhaver highlighting many of the specific accomplishments in growth and development of area industries.

The 2012-2013 fiscal year was an exciting year for Tupelo and Lee County, full of accomplishments for small businesses, community planning, and development.

CDF will celebrate many accomplishments of the past year as well as discuss exciting new ideas and goals to support and diversify Tupelo and Lee County’s economy. Specific topics to be addressed include the multiple accomplishments of the new industries that located in Lee County and the specific ways in which they have affected the community. CDF’s chairman-elect Chauncey Godwin will provide an outlook of the upcoming year.

Other highlights of the meeting will include the announcement of the newly elected Board of Directors, recognition of the Jim Ingram Community Leadership Institute’s graduating class of 2013, and acknowledgement of the 2012-2013 Ambassador of the Year.

All CDF members are invited to this special event and are encouraged to RSVP at www.CDFAnnualMeeting.org. For ticket information, please contact Karen Geddie at (662) 842-4521 or kgeddie@cdfms.org.

Document: F009CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:29:43;JPC 72 DPI

A CDF

ChamberConnection A publication of Journal Publishing and the CDF Chamber Division – April 2013

CDF Annual Meeting set for May 2 The 2012-2013 Community Development Foundation (CDF) Annual Meeting will be held Thursday, May 2, at the Tupelo Furniture Market Building 6. The event begins at 5:30 p.m. with a dinner reception featuring member restaurants. The program will follow at 6:30 p.m.

“This year we are excited to utilize a movie theme to showcase the successes of Tupelo and Lee County over the past year.

Using video and pictures of our members and events will allow us to spotlight the many success stories our membership has experienced this year. It will definitely be more of a comedy than a drama; expect a lot of laughs,” said Karen Geddie,VP of the Chamber of Commerce.

During this year’s celebration of members, guests will sample a variety of delicacies from area restaurants as well as traditional movie-themed snacks including popcorn, nachos, and gourmet hotdogs. Following the dinner reception, guests will enjoy a special video presentation featuring CDF Chairman David Copenhaver highlighting many of the specific accomplishments in growth and development of area industries.

The 2012-2013 fiscal year was an exciting year for Tupelo and Lee County, full of accomplishments for small businesses, community planning, and development.

CDF will celebrate many accomplishments of the past year as well as discuss exciting new ideas and goals to support and diversify Tupelo and Lee County’s economy. Specific topics to be addressed include the multiple accomplishments of the new industries that located in Lee County and the specific ways in which they have affected the community. CDF’s chairman-elect Chauncey Godwin will provide an outlook of the upcoming year.

Other highlights of the meeting will include the announcement of the newly elected Board of Directors, recognition of the Jim Ingram Community Leadership Institute’s graduating class of 2013, and acknowledgement of the 2012-2013 Ambassador of the Year.

All CDF members are invited to this special event and are encouraged to RSVP at www.CDFAnnualMeeting.org. For ticket information, please contact Karen Geddie at (662) 842-4521 or kgeddie@cdfms.org.

Document: F009CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:29:43;JPC 72 DPI

A CDF

CHAMBER CONNECTION

Chamber Focus Welcome to spring! As the sun and the rain begin to transform the soggy gray winter we have experienced into warmth and color, other transformations are also occurring here in Tupelo.

First of all, a personal story about my mother-in-law, who is visiting for a few weeks from North Carolina. Her name is Emmaline, she is 87 years old, and she thinks I am perfect – and I would very much appreciate you allowing her to continue believing that. It has been over three years since she was in Tupelo, so we are very excited to have her visit.

However, many things have changed since she was here last. Number one son is away at college, and number two son graduates from high school this spring so we don’t get to see a whole lot of him. We knew there would be times when Emmaline would be home alone with only Sweet Kitty to keep her company. Since we no longer have a landline, we had no choice but to get Emmaline a go phone. Do you recall the 12 pound black rotary phones that Bellsouth issued back in the 1950’s? Emmaline still uses the big black original issue back home. But you will be happy to know she has been transformed into a cell phone queen.

There is another transformation I would like to tell you about. We have re-

New CDF Members

cently welcomed Mallory Rutledge to our team. Mallory is tasked with transforming our public relations and communications strategies to include the modern world of social Geddie media. She has already created an Instagram account for CDF, so look us up! (I’ve got to tell Emmaline about that.) You can read more about Mallory and two other wonderful additions to the CDF team, Chat Phillips and Grant Meyer, in an article featuring all three of them in this edition of the Chamber Connection.

I would also like to take this opportunity to extend an invitation to you to attend CDF’s Annual Meeting, which is experiencing a few transformations of its own. This year’s event will be held at a new location, Tupelo Furniture Market Building 6, and will feature an unexpected new format. Read more about our annual meeting on the first page of the Chamber Connection. And don’t forget to add the date, May 2, to your smart phone calendar. Emmaline did.

Karen Geddie

Best Mattress of Tupelo Mr. David Badeau 5387 Cliff Gookin Blvd.

Tupelo, MS 38801 (662) 610-7378 Furniture Burke’s Outlet Ms. Felicia Hartnell 4324 Mall Dr. Tupelo, MS 38804 (662) 603-3330 www.burkesoutlet.com Retail & Specialty Shops Happy Smiles Dentistry Ms. Cindy Barfield 101 N Industrial Rd. Tupelo, MS 38801 (662) 680-3383 www.happysmilestupelo.com Dentistry Lighthouse Web Designs, LLC Ms. Richelle Anderson 1020 N Gloster St., #160 Tupelo, MS 38804 (662) 553-4777 www.lighthousewebdesigns.com Computers & Internet

2012-2013 Board of Directors

CDF is governed by a 60-member Board of Directors. The Executive Committee is composed of the CDF officers and eleven additional members of the Board. CDF’s goals and objectives are accomplished through the efforts of members appointed to committees operating under one of CDF’s three divisions: Chamber of Commerce, Economic Development, and Planning and Property Management.

2012-2013 Executive Committee Steve Altmiller Mark Burleson Tillmon Calvert Scott Cochran Blair Hughes

Guy Mitchell Harry Rayburn Barry Smith Jane Spain Buddy Stubbs

2012-2013 Board of Directors Mike Armour Bernard Bean Jim Beane Roger Bland David Brevard Gary Carnathan Mike Clayborne V.M. Cleveland David Cole Joe Estess Clay Foster Tom Foy Sue Gardner Julianne Goodwin Frank Hodges

Mutual of Omaha Mr. Don Arthur 1300 Maxwell St. Tupelo, MS 38804 (662) 321-3371 www.mutualofomaha.com Insurance Simply Sweet by Margarete Ms. Margarete Garner 189 S Green St. Tupelo, MS 38804 (662) 840-3290 Bakeries South Ms. Blair Hughes 706 Hillcrest Tupelo, MS 38804 (662) 842-5665 Restaurants & Catering Timmons Electric Mr. Mike Timmons 4875 Cliff Gookin Blvd.

Tupelo, MS 38801 (662) 844-4053 www.timmonselectricms.com Electrical

Vice President Chamber of Commerce

Community Development Foundation’s

David Copenhaver, Chairman Chauncey Godwin, First Vice Chairman Shane Hooper, Second Vice Chairman David Rumbarger, President/Secretary David Irwin, Immediate Past Chairman

APRIL 2013

Trentice Imbler Octavius Ivy Jamie Kennedy Bob Kerley Jeff King Gearl Loden Jerry Maxcy Neal McCoy Larry Michael Paul Mize Mabel Murphree Mary Pace Jim Pate Greg Pirkle Fred Pitts

Darrell Rankin Jack Reed, Jr. Scott Reed Eddie Richey Cathy Robertson Drew Robertson Tom Robinson Ty Robinson Chris Rogers Bobby Smith Kiyoshi Tsuchiya Gabriela Ungo Mitch Waycaster Jimmy Weeks Dick White

2012-2013 Ambassadors Club Mr. Enrique Amador . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plexus Slm Mr. Jesse Bandre . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Exceed Technologies Ms. Britni Beasley . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BancorpSouth Ms. Kelly Jo Brewer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Gentiva Hospice Ms. Stephanie Browning . . . . . . . . . . . Hampton Inn & Suites Tupelo/Barnes Crossing Ms. Cindy Childs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Mall at Barnes Crossing Ms. Molly Crews . . . . . . . . . . . . . . . . . . . . . . . . . . Express Employment Professionals Ms. Shirley Curry. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Crye-Leike, Realtors Ms. Sheila Davis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PPI, Inc. Mr. Greg Deakle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Exceed Technologies Ms. Karen Dickey . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Community Bank Ms. Barbara Doles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trustmark National Bank Ms. Becki Duffie . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Kelly Services Ms. Cheryl Foster . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Econo Lodge Ms. Dwana Golliday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Renasant Bank Mr. M.O. Harris . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Water Depot of Tupelo Mr. Toby Hedges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Shelter Insurance Ms. Daphene Hendricks . . . . . . . . . . . . . . . . . . . . . . . . . Tupelo Parks and Recreation Ms. Shirley Hendrix . . . . . . . . . . . . . . . . . . . . . . . Our Time Hourly Drop-In Child Care Mr. Jim Jolly. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cracker Barrel Old Country Store Ms. Carman Jones . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BancorpSouth Ms. Tracy Lauderdale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BancorpSouth Ms. Dana Lewis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Crye-Leike, Realtors Ms. Bea Luckett. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . TRI, Inc Realtors Mr. Brad McCully . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Sportsman Lawn & Landscape Ms. Katie McMillan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Key Staff Source Ms. Holley Meriweather . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Community Bank Ms. Haley Monaghan . . . . . . . . . . . . . . . . . . . . . . . . . Alliance Collection Service, Inc. Ms. Carolyn Moss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Quality Inn Mr. Ricky Orr. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M&F Bank Mr. Allen Pegues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Premium Productions Ms. Rachael Potts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Gum Tree Mortgage Mr. John Paul Rhea . . . . . . . . . . . . . . . . . . . . . . . . . . . . First American National Bank Ms. Torrie Robertson . . . . . . . . . . . . . . . . . . . . . . . . . . . . . URBan Radio Broadcasting Ms. Mary Sue Tudor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Lamar Advertising Mr. Kevin Wallace . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . JaK’s Services and Vending Ms. Tammy Wise . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Comcast Spotlight

Document: F010CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:29:47;JPC 72 DPI

10

CHAMBER CONNECTION

Chamber Focus Welcome to spring! As the sun and the rain begin to transform the soggy gray winter we have experienced into warmth and color, other transformations are also occurring here in Tupelo.

First of all, a personal story about my mother-in-law, who is visiting for a few weeks from North Carolina. Her name is Emmaline, she is 87 years old, and she thinks I am perfect – and I would very much appreciate you allowing her to continue believing that. It has been over three years since she was in Tupelo, so we are very excited to have her visit.

However, many things have changed since she was here last. Number one son is away at college, and number two son graduates from high school this spring so we don’t get to see a whole lot of him. We knew there would be times when Emmaline would be home alone with only Sweet Kitty to keep her company. Since we no longer have a landline, we had no choice but to get Emmaline a go phone. Do you recall the 12 pound black rotary phones that Bellsouth issued back in the 1950’s? Emmaline still uses the big black original issue back home. But you will be happy to know she has been transformed into a cell phone queen.

There is another transformation I would like to tell you about. We have re-

New CDF Members

cently welcomed Mallory Rutledge to our team. Mallory is tasked with transforming our public relations and communications strategies to include the modern world of social Geddie media. She has already created an Instagram account for CDF, so look us up! (I’ve got to tell Emmaline about that.) You can read more about Mallory and two other wonderful additions to the CDF team, Chat Phillips and Grant Meyer, in an article featuring all three of them in this edition of the Chamber Connection.

I would also like to take this opportunity to extend an invitation to you to attend CDF’s Annual Meeting, which is experiencing a few transformations of its own. This year’s event will be held at a new location, Tupelo Furniture Market Building 6, and will feature an unexpected new format. Read more about our annual meeting on the first page of the Chamber Connection. And don’t forget to add the date, May 2, to your smart phone calendar. Emmaline did.

Karen Geddie

Best Mattress of Tupelo Mr. David Badeau 5387 Cliff Gookin Blvd.

Tupelo, MS 38801 (662) 610-7378 Furniture Burke’s Outlet Ms. Felicia Hartnell 4324 Mall Dr. Tupelo, MS 38804 (662) 603-3330 www.burkesoutlet.com Retail & Specialty Shops Happy Smiles Dentistry Ms. Cindy Barfield 101 N Industrial Rd. Tupelo, MS 38801 (662) 680-3383 www.happysmilestupelo.com Dentistry Lighthouse Web Designs, LLC Ms. Richelle Anderson 1020 N Gloster St., #160 Tupelo, MS 38804 (662) 553-4777 www.lighthousewebdesigns.com Computers & Internet

2012-2013 Board of Directors

CDF is governed by a 60-member Board of Directors. The Executive Committee is composed of the CDF officers and eleven additional members of the Board. CDF’s goals and objectives are accomplished through the efforts of members appointed to committees operating under one of CDF’s three divisions: Chamber of Commerce, Economic Development, and Planning and Property Management.

2012-2013 Executive Committee Steve Altmiller Mark Burleson Tillmon Calvert Scott Cochran Blair Hughes

Guy Mitchell Harry Rayburn Barry Smith Jane Spain Buddy Stubbs

2012-2013 Board of Directors Mike Armour Bernard Bean Jim Beane Roger Bland David Brevard Gary Carnathan Mike Clayborne V.M. Cleveland David Cole Joe Estess Clay Foster Tom Foy Sue Gardner Julianne Goodwin Frank Hodges

Mutual of Omaha Mr. Don Arthur 1300 Maxwell St. Tupelo, MS 38804 (662) 321-3371 www.mutualofomaha.com Insurance Simply Sweet by Margarete Ms. Margarete Garner 189 S Green St. Tupelo, MS 38804 (662) 840-3290 Bakeries South Ms. Blair Hughes 706 Hillcrest Tupelo, MS 38804 (662) 842-5665 Restaurants & Catering Timmons Electric Mr. Mike Timmons 4875 Cliff Gookin Blvd.

Tupelo, MS 38801 (662) 844-4053 www.timmonselectricms.com Electrical

Vice President Chamber of Commerce

Community Development Foundation’s

David Copenhaver, Chairman Chauncey Godwin, First Vice Chairman Shane Hooper, Second Vice Chairman David Rumbarger, President/Secretary David Irwin, Immediate Past Chairman

APRIL 2013

Trentice Imbler Octavius Ivy Jamie Kennedy Bob Kerley Jeff King Gearl Loden Jerry Maxcy Neal McCoy Larry Michael Paul Mize Mabel Murphree Mary Pace Jim Pate Greg Pirkle Fred Pitts

Darrell Rankin Jack Reed, Jr. Scott Reed Eddie Richey Cathy Robertson Drew Robertson Tom Robinson Ty Robinson Chris Rogers Bobby Smith Kiyoshi Tsuchiya Gabriela Ungo Mitch Waycaster Jimmy Weeks Dick White

2012-2013 Ambassadors Club Mr. Enrique Amador . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plexus Slm Mr. Jesse Bandre . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Exceed Technologies Ms. Britni Beasley . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BancorpSouth Ms. Kelly Jo Brewer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Gentiva Hospice Ms. Stephanie Browning . . . . . . . . . . . Hampton Inn & Suites Tupelo/Barnes Crossing Ms. Cindy Childs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Mall at Barnes Crossing Ms. Molly Crews . . . . . . . . . . . . . . . . . . . . . . . . . . Express Employment Professionals Ms. Shirley Curry. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Crye-Leike, Realtors Ms. Sheila Davis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PPI, Inc. Mr. Greg Deakle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Exceed Technologies Ms. Karen Dickey . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Community Bank Ms. Barbara Doles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trustmark National Bank Ms. Becki Duffie . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Kelly Services Ms. Cheryl Foster . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Econo Lodge Ms. Dwana Golliday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Renasant Bank Mr. M.O. Harris . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Water Depot of Tupelo Mr. Toby Hedges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Shelter Insurance Ms. Daphene Hendricks . . . . . . . . . . . . . . . . . . . . . . . . . Tupelo Parks and Recreation Ms. Shirley Hendrix . . . . . . . . . . . . . . . . . . . . . . . Our Time Hourly Drop-In Child Care Mr. Jim Jolly. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cracker Barrel Old Country Store Ms. Carman Jones . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BancorpSouth Ms. Tracy Lauderdale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BancorpSouth Ms. Dana Lewis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Crye-Leike, Realtors Ms. Bea Luckett. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . TRI, Inc Realtors Mr. Brad McCully . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Sportsman Lawn & Landscape Ms. Katie McMillan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Key Staff Source Ms. Holley Meriweather . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Community Bank Ms. Haley Monaghan . . . . . . . . . . . . . . . . . . . . . . . . . Alliance Collection Service, Inc. Ms. Carolyn Moss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Quality Inn Mr. Ricky Orr. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M&F Bank Mr. Allen Pegues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Premium Productions Ms. Rachael Potts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Gum Tree Mortgage Mr. John Paul Rhea . . . . . . . . . . . . . . . . . . . . . . . . . . . . First American National Bank Ms. Torrie Robertson . . . . . . . . . . . . . . . . . . . . . . . . . . . . . URBan Radio Broadcasting Ms. Mary Sue Tudor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Lamar Advertising Mr. Kevin Wallace . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . JaK’s Services and Vending Ms. Tammy Wise . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Comcast Spotlight

Document: F010CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:29:47;JPC 72 DPI

10

CHAMBER CONNECTION

Chamber Focus Welcome to spring! As the sun and the rain begin to transform the soggy gray winter we have experienced into warmth and color, other transformations are also occurring here in Tupelo.

First of all, a personal story about my mother-in-law, who is visiting for a few weeks from North Carolina. Her name is Emmaline, she is 87 years old, and she thinks I am perfect – and I would very much appreciate you allowing her to continue believing that. It has been over three years since she was in Tupelo, so we are very excited to have her visit.

However, many things have changed since she was here last. Number one son is away at college, and number two son graduates from high school this spring so we don’t get to see a whole lot of him. We knew there would be times when Emmaline would be home alone with only Sweet Kitty to keep her company. Since we no longer have a landline, we had no choice but to get Emmaline a go phone. Do you recall the 12 pound black rotary phones that Bellsouth issued back in the 1950’s? Emmaline still uses the big black original issue back home. But you will be happy to know she has been transformed into a cell phone queen.

There is another transformation I would like to tell you about. We have re-

New CDF Members

cently welcomed Mallory Rutledge to our team. Mallory is tasked with transforming our public relations and communications strategies to include the modern world of social Geddie media. She has already created an Instagram account for CDF, so look us up! (I’ve got to tell Emmaline about that.) You can read more about Mallory and two other wonderful additions to the CDF team, Chat Phillips and Grant Meyer, in an article featuring all three of them in this edition of the Chamber Connection.

I would also like to take this opportunity to extend an invitation to you to attend CDF’s Annual Meeting, which is experiencing a few transformations of its own. This year’s event will be held at a new location, Tupelo Furniture Market Building 6, and will feature an unexpected new format. Read more about our annual meeting on the first page of the Chamber Connection. And don’t forget to add the date, May 2, to your smart phone calendar. Emmaline did.

Karen Geddie

Best Mattress of Tupelo Mr. David Badeau 5387 Cliff Gookin Blvd.

Tupelo, MS 38801 (662) 610-7378 Furniture Burke’s Outlet Ms. Felicia Hartnell 4324 Mall Dr. Tupelo, MS 38804 (662) 603-3330 www.burkesoutlet.com Retail & Specialty Shops Happy Smiles Dentistry Ms. Cindy Barfield 101 N Industrial Rd. Tupelo, MS 38801 (662) 680-3383 www.happysmilestupelo.com Dentistry Lighthouse Web Designs, LLC Ms. Richelle Anderson 1020 N Gloster St., #160 Tupelo, MS 38804 (662) 553-4777 www.lighthousewebdesigns.com Computers & Internet

2012-2013 Board of Directors

CDF is governed by a 60-member Board of Directors. The Executive Committee is composed of the CDF officers and eleven additional members of the Board. CDF’s goals and objectives are accomplished through the efforts of members appointed to committees operating under one of CDF’s three divisions: Chamber of Commerce, Economic Development, and Planning and Property Management.

2012-2013 Executive Committee Steve Altmiller Mark Burleson Tillmon Calvert Scott Cochran Blair Hughes

Guy Mitchell Harry Rayburn Barry Smith Jane Spain Buddy Stubbs

2012-2013 Board of Directors Mike Armour Bernard Bean Jim Beane Roger Bland David Brevard Gary Carnathan Mike Clayborne V.M. Cleveland David Cole Joe Estess Clay Foster Tom Foy Sue Gardner Julianne Goodwin Frank Hodges

Mutual of Omaha Mr. Don Arthur 1300 Maxwell St. Tupelo, MS 38804 (662) 321-3371 www.mutualofomaha.com Insurance Simply Sweet by Margarete Ms. Margarete Garner 189 S Green St. Tupelo, MS 38804 (662) 840-3290 Bakeries South Ms. Blair Hughes 706 Hillcrest Tupelo, MS 38804 (662) 842-5665 Restaurants & Catering Timmons Electric Mr. Mike Timmons 4875 Cliff Gookin Blvd.

Tupelo, MS 38801 (662) 844-4053 www.timmonselectricms.com Electrical

Vice President Chamber of Commerce

Community Development Foundation’s

David Copenhaver, Chairman Chauncey Godwin, First Vice Chairman Shane Hooper, Second Vice Chairman David Rumbarger, President/Secretary David Irwin, Immediate Past Chairman

APRIL 2013

Trentice Imbler Octavius Ivy Jamie Kennedy Bob Kerley Jeff King Gearl Loden Jerry Maxcy Neal McCoy Larry Michael Paul Mize Mabel Murphree Mary Pace Jim Pate Greg Pirkle Fred Pitts

Darrell Rankin Jack Reed, Jr. Scott Reed Eddie Richey Cathy Robertson Drew Robertson Tom Robinson Ty Robinson Chris Rogers Bobby Smith Kiyoshi Tsuchiya Gabriela Ungo Mitch Waycaster Jimmy Weeks Dick White

2012-2013 Ambassadors Club Mr. Enrique Amador . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plexus Slm Mr. Jesse Bandre . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Exceed Technologies Ms. Britni Beasley . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BancorpSouth Ms. Kelly Jo Brewer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Gentiva Hospice Ms. Stephanie Browning . . . . . . . . . . . Hampton Inn & Suites Tupelo/Barnes Crossing Ms. Cindy Childs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Mall at Barnes Crossing Ms. Molly Crews . . . . . . . . . . . . . . . . . . . . . . . . . . Express Employment Professionals Ms. Shirley Curry. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Crye-Leike, Realtors Ms. Sheila Davis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PPI, Inc. Mr. Greg Deakle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Exceed Technologies Ms. Karen Dickey . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Community Bank Ms. Barbara Doles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trustmark National Bank Ms. Becki Duffie . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Kelly Services Ms. Cheryl Foster . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Econo Lodge Ms. Dwana Golliday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Renasant Bank Mr. M.O. Harris . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Water Depot of Tupelo Mr. Toby Hedges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Shelter Insurance Ms. Daphene Hendricks . . . . . . . . . . . . . . . . . . . . . . . . . Tupelo Parks and Recreation Ms. Shirley Hendrix . . . . . . . . . . . . . . . . . . . . . . . Our Time Hourly Drop-In Child Care Mr. Jim Jolly. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cracker Barrel Old Country Store Ms. Carman Jones . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BancorpSouth Ms. Tracy Lauderdale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BancorpSouth Ms. Dana Lewis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Crye-Leike, Realtors Ms. Bea Luckett. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . TRI, Inc Realtors Mr. Brad McCully . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Sportsman Lawn & Landscape Ms. Katie McMillan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Key Staff Source Ms. Holley Meriweather . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Community Bank Ms. Haley Monaghan . . . . . . . . . . . . . . . . . . . . . . . . . Alliance Collection Service, Inc. Ms. Carolyn Moss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Quality Inn Mr. Ricky Orr. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M&F Bank Mr. Allen Pegues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Premium Productions Ms. Rachael Potts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Gum Tree Mortgage Mr. John Paul Rhea . . . . . . . . . . . . . . . . . . . . . . . . . . . . First American National Bank Ms. Torrie Robertson . . . . . . . . . . . . . . . . . . . . . . . . . . . . . URBan Radio Broadcasting Ms. Mary Sue Tudor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Lamar Advertising Mr. Kevin Wallace . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . JaK’s Services and Vending Ms. Tammy Wise . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Comcast Spotlight

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10

11

NAPA Auto Parts, Express Employment Professionals, Mitchell Distributing, and Tupelo Tint receive national awards

Atlanta, GA – The Tupelo, MS NAPA Auto Parts store, owned and operated by Tupelo-based Mid South Auto Supply, Inc., was recently named "Store of the Year" for the Memphis, TN based distribution center. Earlier this year, Mid South Auto Supply, Inc. also achieved the highest honor in the NAPA system, the 5 Star Award of Excellence.

Paul Donahue, President of Genuine Parts Company, parent company of NAPA Auto Parts stated, "All of us at Genuine Parts Company are proud of Charlie Kinney and his Tupelo Team. The Tupelo Main Store was recently named NAPA Mem-

phis 2012 Store of the Year at our National Meeting held in Atlanta, Georgia.

The Tupelo Store won this prestigious award over 9 other NAPA Store finalists representing the states of Kentucky, Tennessee, and Arkansas."

The Memphis distribution center covers parts of five states, and over 180 stores.

“The growth of our market share is really what drives this, “ said Charlie Kinney. “Our staff really cares about helping our customers and that makes a huge difference. With our strong team, our business will continue to grow.”

ors at the staffing firm’s 30th annual International Leadership Conference in Salt Lake City, according to Julianne Goodwin, Tupelo Express franchisee.

The Tupelo Express office was awarded the Bronze level Circle of Excellence Award, recognizing top performing offices in the Express system. Ms. Julie Bingham received the award as the highest producing sales representative across the entire international Express franchise system of over 600 offices.

“It is truly an honor to be recognized for these achievements,” said Goodwin. “We would like to express our gratitude for the support of our community and the efforts of our staff that made these awards possible.”

Tupelo, MS – Express Nearly 1,400 Express Employment Professionals franchisees and their staff of Tupelo earned top hon- attended the company’s

NEVEDA’S ON MAIN

annual international leadership conference February 27 through March 2.

The conference featured three days of workshops, networking and training on staffing and workplace issues such as leadership, customer service, retention and team building.

Las Vegas, NV – Mitchell Distributing Company was recognized by AnheuserBusch InBev (ABI) as one of the top wholesalers in the country at the annual Wholesalers Excellence Meeting last month in Las Vegas. Mitchell Distributing was selected as an inaugural recipient of the Ambassadors of Excellence Award, a prestigious award granted to wholesalers who have earned Top Performer status for three

consecutive years. Only seven ABI wholesalers, out of more than 700 around the country, received the award.

Mitchell Distributing President Adam Mitchell credited his team members for the success.

“This honor is attributable to the consistent effort and pride each and every one of our employees take in their work,” Mitchell said. “This is a team award, and we are honored to bring it back to Mississippi.”

In recognition, Mitchell Distributing will receive a commemorative Clydesdale trophy to be delivered to Tupelo by the world-famous Clydesdale hitch.

first Multilayered, true nano-ceramic window film, has awarded the National Synergy Award – Small Market to Tupelo Tint of Tupelo, MS. This prestigious National Award was given to Tupelo Tint for their outstanding representation of Huper Optik films and their continued pursuit of excellence in customer service and substantial growth for 2012.

“Our network is proud to have partners like Steve and Teresa,” said Faisal Nazir. “It is the strength of partners like Tupelo Tint that have continued to support the success of our Dealer Network Alliance.”

“They have shown substantial and consistent growth each year and represent the best of the Hüper Optik Network of Dealers,” said Jason Giavotella, Regional Sales Houston, TX – Hüper Manager of Hüper Optik, Optik USA, a pioneer of the USA.

e-BEAT Seminar Series

Speaker: Chip Templeton Region 6 Broadband Coordinator

Extension Broadband Education & Adoption Team (e-BEAT)

Neveda’s On Main recently celebrated their grand opening with a ribbon cutting ceremony. Neveda’s on Main is a spa, salon, and women’s boutique located at 1205 W Main St. in Tupelo. Call (662) 844-1205 or visit www.nevedasonmain.com to reserve an appointment.

Does your business have exciting news to share?

Contact Mallory Rutledge at mrutledge@cdfms.org or (662) 842-4521 to have it publised in CDF’s bi-weekly newsletter, Chamber Connection 2.0.

Tuesday, May 7, 2013 Marketing Your Business Online 4:00 p.m.

219 N Madison St. Lee County Library Helen Foster Auditorium

Tuesday, June 4, 2013 Mobile e-Commerce 4:00 p.m.

398 E Main St. CDF Center CDF Boardroom

Each seminar is free to attend. Space is limited.

Register online at www.cdfms.org/events or call (662) 842-4521.

Document: F011CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:29:53;JPC 72 DPI

CHAMBER CONNECTION

APRIL 2013

11

NAPA Auto Parts, Express Employment Professionals, Mitchell Distributing, and Tupelo Tint receive national awards

Atlanta, GA – The Tupelo, MS NAPA Auto Parts store, owned and operated by Tupelo-based Mid South Auto Supply, Inc., was recently named "Store of the Year" for the Memphis, TN based distribution center. Earlier this year, Mid South Auto Supply, Inc. also achieved the highest honor in the NAPA system, the 5 Star Award of Excellence.

Paul Donahue, President of Genuine Parts Company, parent company of NAPA Auto Parts stated, "All of us at Genuine Parts Company are proud of Charlie Kinney and his Tupelo Team. The Tupelo Main Store was recently named NAPA Mem-

phis 2012 Store of the Year at our National Meeting held in Atlanta, Georgia.

The Tupelo Store won this prestigious award over 9 other NAPA Store finalists representing the states of Kentucky, Tennessee, and Arkansas."

The Memphis distribution center covers parts of five states, and over 180 stores.

“The growth of our market share is really what drives this, “ said Charlie Kinney. “Our staff really cares about helping our customers and that makes a huge difference. With our strong team, our business will continue to grow.”

ors at the staffing firm’s 30th annual International Leadership Conference in Salt Lake City, according to Julianne Goodwin, Tupelo Express franchisee.

The Tupelo Express office was awarded the Bronze level Circle of Excellence Award, recognizing top performing offices in the Express system. Ms. Julie Bingham received the award as the highest producing sales representative across the entire international Express franchise system of over 600 offices.

“It is truly an honor to be recognized for these achievements,” said Goodwin. “We would like to express our gratitude for the support of our community and the efforts of our staff that made these awards possible.”

Tupelo, MS – Express Nearly 1,400 Express Employment Professionals franchisees and their staff of Tupelo earned top hon- attended the company’s

NEVEDA’S ON MAIN

annual international leadership conference February 27 through March 2.

The conference featured three days of workshops, networking and training on staffing and workplace issues such as leadership, customer service, retention and team building.

Las Vegas, NV – Mitchell Distributing Company was recognized by AnheuserBusch InBev (ABI) as one of the top wholesalers in the country at the annual Wholesalers Excellence Meeting last month in Las Vegas. Mitchell Distributing was selected as an inaugural recipient of the Ambassadors of Excellence Award, a prestigious award granted to wholesalers who have earned Top Performer status for three

consecutive years. Only seven ABI wholesalers, out of more than 700 around the country, received the award.

Mitchell Distributing President Adam Mitchell credited his team members for the success.

“This honor is attributable to the consistent effort and pride each and every one of our employees take in their work,” Mitchell said. “This is a team award, and we are honored to bring it back to Mississippi.”

In recognition, Mitchell Distributing will receive a commemorative Clydesdale trophy to be delivered to Tupelo by the world-famous Clydesdale hitch.

first Multilayered, true nano-ceramic window film, has awarded the National Synergy Award – Small Market to Tupelo Tint of Tupelo, MS. This prestigious National Award was given to Tupelo Tint for their outstanding representation of Huper Optik films and their continued pursuit of excellence in customer service and substantial growth for 2012.

“Our network is proud to have partners like Steve and Teresa,” said Faisal Nazir. “It is the strength of partners like Tupelo Tint that have continued to support the success of our Dealer Network Alliance.”

“They have shown substantial and consistent growth each year and represent the best of the Hüper Optik Network of Dealers,” said Jason Giavotella, Regional Sales Houston, TX – Hüper Manager of Hüper Optik, Optik USA, a pioneer of the USA.

e-BEAT Seminar Series

Speaker: Chip Templeton Region 6 Broadband Coordinator

Extension Broadband Education & Adoption Team (e-BEAT)

Neveda’s On Main recently celebrated their grand opening with a ribbon cutting ceremony. Neveda’s on Main is a spa, salon, and women’s boutique located at 1205 W Main St. in Tupelo. Call (662) 844-1205 or visit www.nevedasonmain.com to reserve an appointment.

Does your business have exciting news to share?

Contact Mallory Rutledge at mrutledge@cdfms.org or (662) 842-4521 to have it publised in CDF’s bi-weekly newsletter, Chamber Connection 2.0.

Tuesday, May 7, 2013 Marketing Your Business Online 4:00 p.m.

219 N Madison St. Lee County Library Helen Foster Auditorium

Tuesday, June 4, 2013 Mobile e-Commerce 4:00 p.m.

398 E Main St. CDF Center CDF Boardroom

Each seminar is free to attend. Space is limited.

Register online at www.cdfms.org/events or call (662) 842-4521.

Document: F011CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:29:53;JPC 72 DPI

CHAMBER CONNECTION

APRIL 2013

11

NAPA Auto Parts, Express Employment Professionals, Mitchell Distributing, and Tupelo Tint receive national awards

Atlanta, GA – The Tupelo, MS NAPA Auto Parts store, owned and operated by Tupelo-based Mid South Auto Supply, Inc., was recently named "Store of the Year" for the Memphis, TN based distribution center. Earlier this year, Mid South Auto Supply, Inc. also achieved the highest honor in the NAPA system, the 5 Star Award of Excellence.

Paul Donahue, President of Genuine Parts Company, parent company of NAPA Auto Parts stated, "All of us at Genuine Parts Company are proud of Charlie Kinney and his Tupelo Team. The Tupelo Main Store was recently named NAPA Mem-

phis 2012 Store of the Year at our National Meeting held in Atlanta, Georgia.

The Tupelo Store won this prestigious award over 9 other NAPA Store finalists representing the states of Kentucky, Tennessee, and Arkansas."

The Memphis distribution center covers parts of five states, and over 180 stores.

“The growth of our market share is really what drives this, “ said Charlie Kinney. “Our staff really cares about helping our customers and that makes a huge difference. With our strong team, our business will continue to grow.”

ors at the staffing firm’s 30th annual International Leadership Conference in Salt Lake City, according to Julianne Goodwin, Tupelo Express franchisee.

The Tupelo Express office was awarded the Bronze level Circle of Excellence Award, recognizing top performing offices in the Express system. Ms. Julie Bingham received the award as the highest producing sales representative across the entire international Express franchise system of over 600 offices.

“It is truly an honor to be recognized for these achievements,” said Goodwin. “We would like to express our gratitude for the support of our community and the efforts of our staff that made these awards possible.”

Tupelo, MS – Express Nearly 1,400 Express Employment Professionals franchisees and their staff of Tupelo earned top hon- attended the company’s

NEVEDA’S ON MAIN

annual international leadership conference February 27 through March 2.

The conference featured three days of workshops, networking and training on staffing and workplace issues such as leadership, customer service, retention and team building.

Las Vegas, NV – Mitchell Distributing Company was recognized by AnheuserBusch InBev (ABI) as one of the top wholesalers in the country at the annual Wholesalers Excellence Meeting last month in Las Vegas. Mitchell Distributing was selected as an inaugural recipient of the Ambassadors of Excellence Award, a prestigious award granted to wholesalers who have earned Top Performer status for three

consecutive years. Only seven ABI wholesalers, out of more than 700 around the country, received the award.

Mitchell Distributing President Adam Mitchell credited his team members for the success.

“This honor is attributable to the consistent effort and pride each and every one of our employees take in their work,” Mitchell said. “This is a team award, and we are honored to bring it back to Mississippi.”

In recognition, Mitchell Distributing will receive a commemorative Clydesdale trophy to be delivered to Tupelo by the world-famous Clydesdale hitch.

first Multilayered, true nano-ceramic window film, has awarded the National Synergy Award – Small Market to Tupelo Tint of Tupelo, MS. This prestigious National Award was given to Tupelo Tint for their outstanding representation of Huper Optik films and their continued pursuit of excellence in customer service and substantial growth for 2012.

“Our network is proud to have partners like Steve and Teresa,” said Faisal Nazir. “It is the strength of partners like Tupelo Tint that have continued to support the success of our Dealer Network Alliance.”

“They have shown substantial and consistent growth each year and represent the best of the Hüper Optik Network of Dealers,” said Jason Giavotella, Regional Sales Houston, TX – Hüper Manager of Hüper Optik, Optik USA, a pioneer of the USA.

e-BEAT Seminar Series

Speaker: Chip Templeton Region 6 Broadband Coordinator

Extension Broadband Education & Adoption Team (e-BEAT)

Neveda’s On Main recently celebrated their grand opening with a ribbon cutting ceremony. Neveda’s on Main is a spa, salon, and women’s boutique located at 1205 W Main St. in Tupelo. Call (662) 844-1205 or visit www.nevedasonmain.com to reserve an appointment.

Does your business have exciting news to share?

Contact Mallory Rutledge at mrutledge@cdfms.org or (662) 842-4521 to have it publised in CDF’s bi-weekly newsletter, Chamber Connection 2.0.

Tuesday, May 7, 2013 Marketing Your Business Online 4:00 p.m.

219 N Madison St. Lee County Library Helen Foster Auditorium

Tuesday, June 4, 2013 Mobile e-Commerce 4:00 p.m.

398 E Main St. CDF Center CDF Boardroom

Each seminar is free to attend. Space is limited.

Register online at www.cdfms.org/events or call (662) 842-4521.

Document: F011CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:29:53;JPC 72 DPI

CHAMBER CONNECTION

APRIL 2013

CHAMBER CONNECTION

SIMPLY SWEET BY MARGARETE

Simply Sweet by Margarete recently celebrated their opening with a ribbon cutting ceremony. Located at 189 S Green St. in Tupelo, Simply Sweet by Margarete provides an assortment of breads, chocolates, pies, and cakes. To satisfy your sweet tooth, call (662) 840-3290.

APRIL 2013

NEW BEGINNINGS INTERNATIONAL CHILDREN’S AND FAMILY SERVICES, INC.

A ribbon cutting ceremony was held at New Beginnings International Children's and Family Services, Inc. to celebrate their new Director of Birthmother outreach and new Taiwan program. New Beginnings, devoted to placing children in loving, Christian homes, is located at 2164 Southridge Dr. in Tupelo. They can be reached at (662) 842-6752, or find them online at www.NewBeginningsAdoptions.org.

Are you interested in promoting your business with a ribbon cutting?

Contact Emily Addison at (662) 842-4521 or eaddison@cdfms.org

Brandy Schulz

Stacy Miller

Branch Manager Home Loan Specialist

Home Loan Specialist

Brandy.Schulz@churchillmortgage.com

662-269-3974 ext. 302

Stacy.Miller@churchillmortgage.com

662-269-3974 ext. 303

Churchill Mortgage Corporation | 339 East Main Street, Suite B-1 | Tupelo, MS 38804

Company NMLS ID: 1591 (www.nmlsconsumeraccess.org); Branch ID: 888511; Brandy Schulz - NMLS ID: 402002: AL-55304; MS-402002, Licensed by the Mississippi Department of Banking and Consumer Finance; TN-114830; Stacy Miller - NMLS ID: 400693; AL-55303; MS400693. Licensed by the Mississippi Department of Banking and Consumer Finance; TN-114831

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12

CHAMBER CONNECTION

SIMPLY SWEET BY MARGARETE

Simply Sweet by Margarete recently celebrated their opening with a ribbon cutting ceremony. Located at 189 S Green St. in Tupelo, Simply Sweet by Margarete provides an assortment of breads, chocolates, pies, and cakes. To satisfy your sweet tooth, call (662) 840-3290.

APRIL 2013

NEW BEGINNINGS INTERNATIONAL CHILDREN’S AND FAMILY SERVICES, INC.

A ribbon cutting ceremony was held at New Beginnings International Children's and Family Services, Inc. to celebrate their new Director of Birthmother outreach and new Taiwan program. New Beginnings, devoted to placing children in loving, Christian homes, is located at 2164 Southridge Dr. in Tupelo. They can be reached at (662) 842-6752, or find them online at www.NewBeginningsAdoptions.org.

Are you interested in promoting your business with a ribbon cutting?

Contact Emily Addison at (662) 842-4521 or eaddison@cdfms.org

Brandy Schulz

Stacy Miller

Branch Manager Home Loan Specialist

Home Loan Specialist

Brandy.Schulz@churchillmortgage.com

662-269-3974 ext. 302

Stacy.Miller@churchillmortgage.com

662-269-3974 ext. 303

Churchill Mortgage Corporation | 339 East Main Street, Suite B-1 | Tupelo, MS 38804

Company NMLS ID: 1591 (www.nmlsconsumeraccess.org); Branch ID: 888511; Brandy Schulz - NMLS ID: 402002: AL-55304; MS-402002, Licensed by the Mississippi Department of Banking and Consumer Finance; TN-114830; Stacy Miller - NMLS ID: 400693; AL-55303; MS400693. Licensed by the Mississippi Department of Banking and Consumer Finance; TN-114831

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12

CHAMBER CONNECTION

SIMPLY SWEET BY MARGARETE

Simply Sweet by Margarete recently celebrated their opening with a ribbon cutting ceremony. Located at 189 S Green St. in Tupelo, Simply Sweet by Margarete provides an assortment of breads, chocolates, pies, and cakes. To satisfy your sweet tooth, call (662) 840-3290.

APRIL 2013

NEW BEGINNINGS INTERNATIONAL CHILDREN’S AND FAMILY SERVICES, INC.

A ribbon cutting ceremony was held at New Beginnings International Children's and Family Services, Inc. to celebrate their new Director of Birthmother outreach and new Taiwan program. New Beginnings, devoted to placing children in loving, Christian homes, is located at 2164 Southridge Dr. in Tupelo. They can be reached at (662) 842-6752, or find them online at www.NewBeginningsAdoptions.org.

Are you interested in promoting your business with a ribbon cutting?

Contact Emily Addison at (662) 842-4521 or eaddison@cdfms.org

Brandy Schulz

Stacy Miller

Branch Manager Home Loan Specialist

Home Loan Specialist

Brandy.Schulz@churchillmortgage.com

662-269-3974 ext. 302

Stacy.Miller@churchillmortgage.com

662-269-3974 ext. 303

Churchill Mortgage Corporation | 339 East Main Street, Suite B-1 | Tupelo, MS 38804

Company NMLS ID: 1591 (www.nmlsconsumeraccess.org); Branch ID: 888511; Brandy Schulz - NMLS ID: 402002: AL-55304; MS-402002, Licensed by the Mississippi Department of Banking and Consumer Finance; TN-114830; Stacy Miller - NMLS ID: 400693; AL-55303; MS400693. Licensed by the Mississippi Department of Banking and Consumer Finance; TN-114831

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12

13

MARCH TYP

The March Tupelo Young Professionals networking social was held March 12 at Elvis Presley Birthplace and Museum. Sponsored by Tupelo Convention and Visitors Bureau, guests enjoyed networking with other young professionals, music by Memphis Jones, and “Elvis-themed” refreshments. The evening concluded with a guitar giveaway. Pictured at the event are members of the Down on Main concert series committee: Allie West, Tia Goodwin, Emily Addison, Meredith Martin, and Ashley McLellan.

The Tupelo Young Professionals Lunch with Leaders event was held March 21 in the CDF Boardroom. Attendees were provided lunch and had the opportunity to hear from CDF’s President and CEO, Mr. David Rumbarger, on the values of utilizing leadership skills in a team setting.

Now* Also known as the best *time to buy or refinance.

Tonya Hensley NMLS#416288

(662) 871-4488 tonya.hensley@communitybank.net

Tupelo (662) 844-8653 Amory (662) 256-8461 1317 N. Gloster • Tupelo, MS 38804

CommunityBank.net

Sheila Kelly NMLS#91515

Equal Housing Lender, Member FDIC © 2007 Community Bank

2695 McCullough Blvd. ◆ Tupelo, MS 38801 (662) 407-0490 ◆ (662) 407-0410 Fax

© JPC - 2011

(662) 322-5784 sheila.kelly@communitybank.net

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CHAMBER CONNECTION

APRIL 2013

13

MARCH TYP

The March Tupelo Young Professionals networking social was held March 12 at Elvis Presley Birthplace and Museum. Sponsored by Tupelo Convention and Visitors Bureau, guests enjoyed networking with other young professionals, music by Memphis Jones, and “Elvis-themed” refreshments. The evening concluded with a guitar giveaway. Pictured at the event are members of the Down on Main concert series committee: Allie West, Tia Goodwin, Emily Addison, Meredith Martin, and Ashley McLellan.

The Tupelo Young Professionals Lunch with Leaders event was held March 21 in the CDF Boardroom. Attendees were provided lunch and had the opportunity to hear from CDF’s President and CEO, Mr. David Rumbarger, on the values of utilizing leadership skills in a team setting.

Now* Also known as the best *time to buy or refinance.

Tonya Hensley NMLS#416288

(662) 871-4488 tonya.hensley@communitybank.net

Tupelo (662) 844-8653 Amory (662) 256-8461 1317 N. Gloster • Tupelo, MS 38804

CommunityBank.net

Sheila Kelly NMLS#91515

Equal Housing Lender, Member FDIC © 2007 Community Bank

2695 McCullough Blvd. ◆ Tupelo, MS 38801 (662) 407-0490 ◆ (662) 407-0410 Fax

© JPC - 2011

(662) 322-5784 sheila.kelly@communitybank.net

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CHAMBER CONNECTION

APRIL 2013

13

MARCH TYP

The March Tupelo Young Professionals networking social was held March 12 at Elvis Presley Birthplace and Museum. Sponsored by Tupelo Convention and Visitors Bureau, guests enjoyed networking with other young professionals, music by Memphis Jones, and “Elvis-themed” refreshments. The evening concluded with a guitar giveaway. Pictured at the event are members of the Down on Main concert series committee: Allie West, Tia Goodwin, Emily Addison, Meredith Martin, and Ashley McLellan.

The Tupelo Young Professionals Lunch with Leaders event was held March 21 in the CDF Boardroom. Attendees were provided lunch and had the opportunity to hear from CDF’s President and CEO, Mr. David Rumbarger, on the values of utilizing leadership skills in a team setting.

Now* Also known as the best *time to buy or refinance.

Tonya Hensley NMLS#416288

(662) 871-4488 tonya.hensley@communitybank.net

Tupelo (662) 844-8653 Amory (662) 256-8461 1317 N. Gloster • Tupelo, MS 38804

CommunityBank.net

Sheila Kelly NMLS#91515

Equal Housing Lender, Member FDIC © 2007 Community Bank

2695 McCullough Blvd. ◆ Tupelo, MS 38801 (662) 407-0490 ◆ (662) 407-0410 Fax

© JPC - 2011

(662) 322-5784 sheila.kelly@communitybank.net

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CHAMBER CONNECTION

APRIL 2013

CHAMBER CONNECTION

HAPPY SMILES ANNIVERSARY

APRIL 2013

MARCH FIRST FRIDAY

To celebrate the one-year anniversary of Happy Smiles, a ribbon cutting ceremony was held. Located at 101 N Industrial Rd. in Tupelo, Happy Smiles provides dental care for children in a fun, upbeat, and relaxed setting. Learn more about Happy Smiles at www.happysmilestupelo.com, or call (662) 680-3383.

CORNERSTONE LANDSCAPES

To celebrate the opening of Cornerstone Landscapes, a ribbon cutting ceremony was held. Owned by Jason Tubb, Cornerstone Landscapes is a landscape design and build company providing quality service to all of Northeast MS. For more information or for a free estimate, call (662) 501-0181, or visit www.cornerstonelandscapes.blogspot.com.

March’s First Friday networking event featured Coach Ray Perkins, former NFL coach and current head football coach at Jones County Junior College. Coach Perkins provided a humble and insightful look at his coaching experiences. Pictured at the event is Coach Perkins with Carolyn Moss, general manager of the Quality Inn in Tupelo.

COMFORT INN

Comfort Inn recently celebrated their grand opening with a ribbon cutting ceremony.

Centrally located in Tupelo, MS, the Comfort Inn offers easy access to many area restaurants, shopping centers, and popular local attractions. Comfort Inn is located at 1532 McCullough Blvd., and can be reached at (662) 840-0340.

Visit www.comfortinn.com for a virtual tour or to reserve a room.

Watch the latest edition of CDF “THREADS,” a monthly 30-minute TV show that airs the fourth Saturday of each month on WTVA at 5:00 p.m. The show features news about economic development activity and chamber of commerce events.

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14

CHAMBER CONNECTION

HAPPY SMILES ANNIVERSARY

APRIL 2013

MARCH FIRST FRIDAY

To celebrate the one-year anniversary of Happy Smiles, a ribbon cutting ceremony was held. Located at 101 N Industrial Rd. in Tupelo, Happy Smiles provides dental care for children in a fun, upbeat, and relaxed setting. Learn more about Happy Smiles at www.happysmilestupelo.com, or call (662) 680-3383.

CORNERSTONE LANDSCAPES

To celebrate the opening of Cornerstone Landscapes, a ribbon cutting ceremony was held. Owned by Jason Tubb, Cornerstone Landscapes is a landscape design and build company providing quality service to all of Northeast MS. For more information or for a free estimate, call (662) 501-0181, or visit www.cornerstonelandscapes.blogspot.com.

March’s First Friday networking event featured Coach Ray Perkins, former NFL coach and current head football coach at Jones County Junior College. Coach Perkins provided a humble and insightful look at his coaching experiences. Pictured at the event is Coach Perkins with Carolyn Moss, general manager of the Quality Inn in Tupelo.

COMFORT INN

Comfort Inn recently celebrated their grand opening with a ribbon cutting ceremony.

Centrally located in Tupelo, MS, the Comfort Inn offers easy access to many area restaurants, shopping centers, and popular local attractions. Comfort Inn is located at 1532 McCullough Blvd., and can be reached at (662) 840-0340.

Visit www.comfortinn.com for a virtual tour or to reserve a room.

Watch the latest edition of CDF “THREADS,” a monthly 30-minute TV show that airs the fourth Saturday of each month on WTVA at 5:00 p.m. The show features news about economic development activity and chamber of commerce events.

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14

CHAMBER CONNECTION

HAPPY SMILES ANNIVERSARY

APRIL 2013

MARCH FIRST FRIDAY

To celebrate the one-year anniversary of Happy Smiles, a ribbon cutting ceremony was held. Located at 101 N Industrial Rd. in Tupelo, Happy Smiles provides dental care for children in a fun, upbeat, and relaxed setting. Learn more about Happy Smiles at www.happysmilestupelo.com, or call (662) 680-3383.

CORNERSTONE LANDSCAPES

To celebrate the opening of Cornerstone Landscapes, a ribbon cutting ceremony was held. Owned by Jason Tubb, Cornerstone Landscapes is a landscape design and build company providing quality service to all of Northeast MS. For more information or for a free estimate, call (662) 501-0181, or visit www.cornerstonelandscapes.blogspot.com.

March’s First Friday networking event featured Coach Ray Perkins, former NFL coach and current head football coach at Jones County Junior College. Coach Perkins provided a humble and insightful look at his coaching experiences. Pictured at the event is Coach Perkins with Carolyn Moss, general manager of the Quality Inn in Tupelo.

COMFORT INN

Comfort Inn recently celebrated their grand opening with a ribbon cutting ceremony.

Centrally located in Tupelo, MS, the Comfort Inn offers easy access to many area restaurants, shopping centers, and popular local attractions. Comfort Inn is located at 1532 McCullough Blvd., and can be reached at (662) 840-0340.

Visit www.comfortinn.com for a virtual tour or to reserve a room.

Watch the latest edition of CDF “THREADS,” a monthly 30-minute TV show that airs the fourth Saturday of each month on WTVA at 5:00 p.m. The show features news about economic development activity and chamber of commerce events.

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14

15

CDF welcomes new talent

Grant Meyer

Chat Philips

Mallory Rutledge

Grant Meyer has joined the Community Development Foundation (CDF) planning division as Community Planner and Geographic Information Systems Specialist.

“Grant brings his knowledge of urban planning and development to serve as a resource to the municipalities of Tupelo and Lee County on a variety of planning, environmental, and development-related issues,” said CEO David Rumbarger.

From Blue Mountain, Meyer holds a Bachelors degree in European History from Mississippi State University and a Masters Degree in Urban Planning with a concentration in Real Estate and Urban Development from Harvard University.

In his position, Meyer will be an ambassador for the community, assisting with the creation of more and better jobs in the area, and promoting an improved quality of life for the residents of Lee County. Before joining CDF, Meyer was the Regional Director of Super Sav-On Drugs in Northeast Mississippi.

Chat Phillips has been named Project Manager for Community Development Foundation. In this capacity, Phillips will conduct research and data analysis for the economic development team and its clients, work with companies on international trade issues, and handle Japanese-related projects. In addition to managing new business development projects, Phillips will add depth to research analyses by utilizing a more data-driven approach to all economic development studies. Phillips is a graduate of the University of Puget Sound in Tacoma, Washington, with a double major in Political Science and Economics and a minor in Japanese.

“We are very excited for Chat to utilize his background in economics and fluency in Japanese to cultivate and maintain relationships with local Japanese businesses in order to better the entire community,” said Rumbarger.

From Yazoo City, Phillips is engaged to Christina Miller of Chattanooga, TN, and will be married in late September.

Mallory Rutledge has been named Director of Communications and Public Relations for Community Development Foundation. In this position, Rutledge will work closely with the chamber staff to integrate social media with traditional public relations strategies. Rutledge will also be responsible for the Business Journal’s Chamber Connection, and will serve as CDF’s primary media contact. In addition, Rutledge will assist in the production of CDF Threads, a 30-minute televised program that airs the fourth Saturday of each month at 5:00 p.m. on WTVA. “We are extremely excited to have Mallory with us at CDF. Her proficiency in social media, teamed with her creativity and experience, add a complimentary set of skills to the Chamber team,” said Rumbarger.

Before joining CDF, Rutledge served as Community and Customer Relations Manager at Carlock Toyota of Tupelo. A Tupelo native, Rutledge holds a Bachelors degree in Biological Sciences from Mississippi State University.

It’s time to vote for Community Development Foundation’s Board of Directors for the 2013-2016 term. Voting ends April 12, 2013 at noon. Voting instructions have been mailed to all members. Questions?

Contact Ellen Kennedy at (662) 842-4521.

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CHAMBER CONNECTION

APRIL 2013

15

CDF welcomes new talent

Grant Meyer

Chat Philips

Mallory Rutledge

Grant Meyer has joined the Community Development Foundation (CDF) planning division as Community Planner and Geographic Information Systems Specialist.

“Grant brings his knowledge of urban planning and development to serve as a resource to the municipalities of Tupelo and Lee County on a variety of planning, environmental, and development-related issues,” said CEO David Rumbarger.

From Blue Mountain, Meyer holds a Bachelors degree in European History from Mississippi State University and a Masters Degree in Urban Planning with a concentration in Real Estate and Urban Development from Harvard University.

In his position, Meyer will be an ambassador for the community, assisting with the creation of more and better jobs in the area, and promoting an improved quality of life for the residents of Lee County. Before joining CDF, Meyer was the Regional Director of Super Sav-On Drugs in Northeast Mississippi.

Chat Phillips has been named Project Manager for Community Development Foundation. In this capacity, Phillips will conduct research and data analysis for the economic development team and its clients, work with companies on international trade issues, and handle Japanese-related projects. In addition to managing new business development projects, Phillips will add depth to research analyses by utilizing a more data-driven approach to all economic development studies. Phillips is a graduate of the University of Puget Sound in Tacoma, Washington, with a double major in Political Science and Economics and a minor in Japanese.

“We are very excited for Chat to utilize his background in economics and fluency in Japanese to cultivate and maintain relationships with local Japanese businesses in order to better the entire community,” said Rumbarger.

From Yazoo City, Phillips is engaged to Christina Miller of Chattanooga, TN, and will be married in late September.

Mallory Rutledge has been named Director of Communications and Public Relations for Community Development Foundation. In this position, Rutledge will work closely with the chamber staff to integrate social media with traditional public relations strategies. Rutledge will also be responsible for the Business Journal’s Chamber Connection, and will serve as CDF’s primary media contact. In addition, Rutledge will assist in the production of CDF Threads, a 30-minute televised program that airs the fourth Saturday of each month at 5:00 p.m. on WTVA. “We are extremely excited to have Mallory with us at CDF. Her proficiency in social media, teamed with her creativity and experience, add a complimentary set of skills to the Chamber team,” said Rumbarger.

Before joining CDF, Rutledge served as Community and Customer Relations Manager at Carlock Toyota of Tupelo. A Tupelo native, Rutledge holds a Bachelors degree in Biological Sciences from Mississippi State University.

It’s time to vote for Community Development Foundation’s Board of Directors for the 2013-2016 term. Voting ends April 12, 2013 at noon. Voting instructions have been mailed to all members. Questions?

Contact Ellen Kennedy at (662) 842-4521.

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CHAMBER CONNECTION

APRIL 2013

15

CDF welcomes new talent

Grant Meyer

Chat Philips

Mallory Rutledge

Grant Meyer has joined the Community Development Foundation (CDF) planning division as Community Planner and Geographic Information Systems Specialist.

“Grant brings his knowledge of urban planning and development to serve as a resource to the municipalities of Tupelo and Lee County on a variety of planning, environmental, and development-related issues,” said CEO David Rumbarger.

From Blue Mountain, Meyer holds a Bachelors degree in European History from Mississippi State University and a Masters Degree in Urban Planning with a concentration in Real Estate and Urban Development from Harvard University.

In his position, Meyer will be an ambassador for the community, assisting with the creation of more and better jobs in the area, and promoting an improved quality of life for the residents of Lee County. Before joining CDF, Meyer was the Regional Director of Super Sav-On Drugs in Northeast Mississippi.

Chat Phillips has been named Project Manager for Community Development Foundation. In this capacity, Phillips will conduct research and data analysis for the economic development team and its clients, work with companies on international trade issues, and handle Japanese-related projects. In addition to managing new business development projects, Phillips will add depth to research analyses by utilizing a more data-driven approach to all economic development studies. Phillips is a graduate of the University of Puget Sound in Tacoma, Washington, with a double major in Political Science and Economics and a minor in Japanese.

“We are very excited for Chat to utilize his background in economics and fluency in Japanese to cultivate and maintain relationships with local Japanese businesses in order to better the entire community,” said Rumbarger.

From Yazoo City, Phillips is engaged to Christina Miller of Chattanooga, TN, and will be married in late September.

Mallory Rutledge has been named Director of Communications and Public Relations for Community Development Foundation. In this position, Rutledge will work closely with the chamber staff to integrate social media with traditional public relations strategies. Rutledge will also be responsible for the Business Journal’s Chamber Connection, and will serve as CDF’s primary media contact. In addition, Rutledge will assist in the production of CDF Threads, a 30-minute televised program that airs the fourth Saturday of each month at 5:00 p.m. on WTVA. “We are extremely excited to have Mallory with us at CDF. Her proficiency in social media, teamed with her creativity and experience, add a complimentary set of skills to the Chamber team,” said Rumbarger.

Before joining CDF, Rutledge served as Community and Customer Relations Manager at Carlock Toyota of Tupelo. A Tupelo native, Rutledge holds a Bachelors degree in Biological Sciences from Mississippi State University.

It’s time to vote for Community Development Foundation’s Board of Directors for the 2013-2016 term. Voting ends April 12, 2013 at noon. Voting instructions have been mailed to all members. Questions?

Contact Ellen Kennedy at (662) 842-4521.

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CHAMBER CONNECTION

APRIL 2013

CHAMBER CONNECTION

HOWIE CHIROPRACTIC

A ribbon cutting was held at Howie Chiropractic to celebrate their fifth year in business. Located at 1186 Cliff Gookin Blvd. in Tupelo, Howie Chiropractic provides chiropractic solutions to those in Tupelo and surrounding communities. Contact Howie Chiropractic at (662) 841-2775, or visit www.howiechiropractic.com.

BEST MATTRESS OF TUPELO

Best Mattress of Tupelo held a ribbon cutting ceremony to celebrate their grand opening. Best Mattress offers a variety of mattresses at affordable prices. Best Mattress is located at 5387 Cliff Gookin Blvd. in Tupelo, and can be reached at (662) 610-7378.

Are you taking advantage of ChamberAdvantage?

Look for this sticker in the window of participating CDF member businesses to receive a special discount. Visit www.cdfms.org/chamberadvantage for the complete list of participating partners. To learn more about the program, contact Emily Addison at eaddison@cdfms.org or (662) 842-4521.

APRIL 2013

SOUTH

South, a new restaurant located at 706 Hillcrest in Tupelo, celebrated their grand opening with a ribbon cutting. South specializes in providing soulfully prepared southern food Monday through Saturday evenings. For more information call (662) 842-5665, or “like” SouthTupelo on Facebook.

TUTTI FRUTTI

To celebrate the grand opening of Tutti Frutti’s W Main St. location in Tupelo, a ribbon cutting ceremony was held. Tutti Frutti offers 16 flavors of frozen yogurt with a selection of 18 dry toppings, and 12 fresh fruit toppings. For a refreshing snack, visit Tutti Frutti’s new location at 2250 W Main St., Ste. C, or find them online at www.tfyogurt.com.

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16

CHAMBER CONNECTION

HOWIE CHIROPRACTIC

A ribbon cutting was held at Howie Chiropractic to celebrate their fifth year in business. Located at 1186 Cliff Gookin Blvd. in Tupelo, Howie Chiropractic provides chiropractic solutions to those in Tupelo and surrounding communities. Contact Howie Chiropractic at (662) 841-2775, or visit www.howiechiropractic.com.

BEST MATTRESS OF TUPELO

Best Mattress of Tupelo held a ribbon cutting ceremony to celebrate their grand opening. Best Mattress offers a variety of mattresses at affordable prices. Best Mattress is located at 5387 Cliff Gookin Blvd. in Tupelo, and can be reached at (662) 610-7378.

Are you taking advantage of ChamberAdvantage?

Look for this sticker in the window of participating CDF member businesses to receive a special discount. Visit www.cdfms.org/chamberadvantage for the complete list of participating partners. To learn more about the program, contact Emily Addison at eaddison@cdfms.org or (662) 842-4521.

APRIL 2013

SOUTH

South, a new restaurant located at 706 Hillcrest in Tupelo, celebrated their grand opening with a ribbon cutting. South specializes in providing soulfully prepared southern food Monday through Saturday evenings. For more information call (662) 842-5665, or “like” SouthTupelo on Facebook.

TUTTI FRUTTI

To celebrate the grand opening of Tutti Frutti’s W Main St. location in Tupelo, a ribbon cutting ceremony was held. Tutti Frutti offers 16 flavors of frozen yogurt with a selection of 18 dry toppings, and 12 fresh fruit toppings. For a refreshing snack, visit Tutti Frutti’s new location at 2250 W Main St., Ste. C, or find them online at www.tfyogurt.com.

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16

CHAMBER CONNECTION

HOWIE CHIROPRACTIC

A ribbon cutting was held at Howie Chiropractic to celebrate their fifth year in business. Located at 1186 Cliff Gookin Blvd. in Tupelo, Howie Chiropractic provides chiropractic solutions to those in Tupelo and surrounding communities. Contact Howie Chiropractic at (662) 841-2775, or visit www.howiechiropractic.com.

BEST MATTRESS OF TUPELO

Best Mattress of Tupelo held a ribbon cutting ceremony to celebrate their grand opening. Best Mattress offers a variety of mattresses at affordable prices. Best Mattress is located at 5387 Cliff Gookin Blvd. in Tupelo, and can be reached at (662) 610-7378.

Are you taking advantage of ChamberAdvantage?

Look for this sticker in the window of participating CDF member businesses to receive a special discount. Visit www.cdfms.org/chamberadvantage for the complete list of participating partners. To learn more about the program, contact Emily Addison at eaddison@cdfms.org or (662) 842-4521.

APRIL 2013

SOUTH

South, a new restaurant located at 706 Hillcrest in Tupelo, celebrated their grand opening with a ribbon cutting. South specializes in providing soulfully prepared southern food Monday through Saturday evenings. For more information call (662) 842-5665, or “like” SouthTupelo on Facebook.

TUTTI FRUTTI

To celebrate the grand opening of Tutti Frutti’s W Main St. location in Tupelo, a ribbon cutting ceremony was held. Tutti Frutti offers 16 flavors of frozen yogurt with a selection of 18 dry toppings, and 12 fresh fruit toppings. For a refreshing snack, visit Tutti Frutti’s new location at 2250 W Main St., Ste. C, or find them online at www.tfyogurt.com.

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16

BUSINESS JOURNAL

17

Free online program educates homeowners with water wells MISSISSIPPI STATE UNIVERSITY

STARKVILLE – Homeowners in small communities and rural areas without a public water supply often have questions about how to manage, operate and protect their private wells.

The Mississippi State University Extension Service is working with the Rural Community Assistance Partnership and the University of Illinois to help Mississippians with private wells learn more about managing their water supplies.

“A new nationwide educational program is available online to help well owners understand groundwater basics, well care best practices and how to find assistance,” said Jason Barrett, instructor in the MSU Extension Service’s Center for Government and Community Development. The program combines a self-paced 10-part online class with live, interactive webinars in which the material is reinforced and experts answer questions from partici|

Mugshots restaurant plans still on table

TUPELO – The franchise holder for Mugshots Grill & Bar in Tupelo said the project is still on the table.

There has been talk that the restaurant won’t be built in the Fairpark District adjacent to the Renasant Center for IDEAs, but Johnny Robbins said that’s not the case.

“It’s probably going to happen,” he said. “If not by me, then somebody. ... no firm decision has been made one way or the other.”

Robbins noted that he’s already made a significant investment in the project, having paid $220,000 for the lot in October, in addition to architectural and other fees.

REWIND

pants. Well owners can enroll in the class online at www.privatewellclass.org.

“The majority of Mississippians get their water from municipal supplies or rural water associations, but there are thousands of homes in rural areas of the state that depend on private wells,” Barrett said. “In fact, in 22 of the state’s 82 counties, an average of 16 percent of households rely on private wells. In four of those counties, more than 40 percent of homes have private wells.”

|

FedEx Ground building ferred to the new facility. new distribution center Goody’s to open TUPELO – FedEx in Southgate plaza Ground will be moving

into a new 60,000-squarefoot distribution center in Tupelo.

The facility on North Coley Boulevard will be located on a site adjacent to where the northern loop will be built, connecting Coley to Barnes Crossing Road.

Construction crews have been working on the site for the facility, which is scheduled to open in September.

The new distribution center will replace an older 18,000-square-foot facility nearby. FedEx Ground employs 36 employees in Tupelo and dispatches 34 trucks. Those employees will be trans-

CORINTH – Department store Goody’s will have a grand opening of its Corinth store on April 18.

Goody’s is a division of Stage Stores, whose other brands include Bealles, Palais Royal, Peebles and Stage.

The store will occupy the former Belk store in the Southgate shopping center.

It will fill 35,000 square feet, about twice the size of a typical Goody’s store.

The store is hiring 50 temporary employees for the grand opening, and it will retain 12 to 20 of them.

Daily Journal reports

JANET MARTIN HARRY MARTIN

SELECT PROPERTIES, PLLC

COMMERCIAL, INDUSTRIAL & RESIDENTIAL

1014 North Gloster, Suite B Tupelo, MS 38804-1202 662.841.2367 800.439.1007

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APRIL 2013

BUSINESS JOURNAL

17

Free online program educates homeowners with water wells MISSISSIPPI STATE UNIVERSITY

STARKVILLE – Homeowners in small communities and rural areas without a public water supply often have questions about how to manage, operate and protect their private wells.

The Mississippi State University Extension Service is working with the Rural Community Assistance Partnership and the University of Illinois to help Mississippians with private wells learn more about managing their water supplies.

“A new nationwide educational program is available online to help well owners understand groundwater basics, well care best practices and how to find assistance,” said Jason Barrett, instructor in the MSU Extension Service’s Center for Government and Community Development. The program combines a self-paced 10-part online class with live, interactive webinars in which the material is reinforced and experts answer questions from partici|

Mugshots restaurant plans still on table

TUPELO – The franchise holder for Mugshots Grill & Bar in Tupelo said the project is still on the table.

There has been talk that the restaurant won’t be built in the Fairpark District adjacent to the Renasant Center for IDEAs, but Johnny Robbins said that’s not the case.

“It’s probably going to happen,” he said. “If not by me, then somebody. ... no firm decision has been made one way or the other.”

Robbins noted that he’s already made a significant investment in the project, having paid $220,000 for the lot in October, in addition to architectural and other fees.

REWIND

pants. Well owners can enroll in the class online at www.privatewellclass.org.

“The majority of Mississippians get their water from municipal supplies or rural water associations, but there are thousands of homes in rural areas of the state that depend on private wells,” Barrett said. “In fact, in 22 of the state’s 82 counties, an average of 16 percent of households rely on private wells. In four of those counties, more than 40 percent of homes have private wells.”

|

FedEx Ground building ferred to the new facility. new distribution center Goody’s to open TUPELO – FedEx in Southgate plaza Ground will be moving

into a new 60,000-squarefoot distribution center in Tupelo.

The facility on North Coley Boulevard will be located on a site adjacent to where the northern loop will be built, connecting Coley to Barnes Crossing Road.

Construction crews have been working on the site for the facility, which is scheduled to open in September.

The new distribution center will replace an older 18,000-square-foot facility nearby. FedEx Ground employs 36 employees in Tupelo and dispatches 34 trucks. Those employees will be trans-

CORINTH – Department store Goody’s will have a grand opening of its Corinth store on April 18.

Goody’s is a division of Stage Stores, whose other brands include Bealles, Palais Royal, Peebles and Stage.

The store will occupy the former Belk store in the Southgate shopping center.

It will fill 35,000 square feet, about twice the size of a typical Goody’s store.

The store is hiring 50 temporary employees for the grand opening, and it will retain 12 to 20 of them.

Daily Journal reports

JANET MARTIN HARRY MARTIN

SELECT PROPERTIES, PLLC

COMMERCIAL, INDUSTRIAL & RESIDENTIAL

1014 North Gloster, Suite B Tupelo, MS 38804-1202 662.841.2367 800.439.1007

Document: F017CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 12:21:46;JPC 72 DPI

APRIL 2013

BUSINESS JOURNAL

17

Free online program educates homeowners with water wells MISSISSIPPI STATE UNIVERSITY

STARKVILLE – Homeowners in small communities and rural areas without a public water supply often have questions about how to manage, operate and protect their private wells.

The Mississippi State University Extension Service is working with the Rural Community Assistance Partnership and the University of Illinois to help Mississippians with private wells learn more about managing their water supplies.

“A new nationwide educational program is available online to help well owners understand groundwater basics, well care best practices and how to find assistance,” said Jason Barrett, instructor in the MSU Extension Service’s Center for Government and Community Development. The program combines a self-paced 10-part online class with live, interactive webinars in which the material is reinforced and experts answer questions from partici|

Mugshots restaurant plans still on table

TUPELO – The franchise holder for Mugshots Grill & Bar in Tupelo said the project is still on the table.

There has been talk that the restaurant won’t be built in the Fairpark District adjacent to the Renasant Center for IDEAs, but Johnny Robbins said that’s not the case.

“It’s probably going to happen,” he said. “If not by me, then somebody. ... no firm decision has been made one way or the other.”

Robbins noted that he’s already made a significant investment in the project, having paid $220,000 for the lot in October, in addition to architectural and other fees.

REWIND

pants. Well owners can enroll in the class online at www.privatewellclass.org.

“The majority of Mississippians get their water from municipal supplies or rural water associations, but there are thousands of homes in rural areas of the state that depend on private wells,” Barrett said. “In fact, in 22 of the state’s 82 counties, an average of 16 percent of households rely on private wells. In four of those counties, more than 40 percent of homes have private wells.”

|

FedEx Ground building ferred to the new facility. new distribution center Goody’s to open TUPELO – FedEx in Southgate plaza Ground will be moving

into a new 60,000-squarefoot distribution center in Tupelo.

The facility on North Coley Boulevard will be located on a site adjacent to where the northern loop will be built, connecting Coley to Barnes Crossing Road.

Construction crews have been working on the site for the facility, which is scheduled to open in September.

The new distribution center will replace an older 18,000-square-foot facility nearby. FedEx Ground employs 36 employees in Tupelo and dispatches 34 trucks. Those employees will be trans-

CORINTH – Department store Goody’s will have a grand opening of its Corinth store on April 18.

Goody’s is a division of Stage Stores, whose other brands include Bealles, Palais Royal, Peebles and Stage.

The store will occupy the former Belk store in the Southgate shopping center.

It will fill 35,000 square feet, about twice the size of a typical Goody’s store.

The store is hiring 50 temporary employees for the grand opening, and it will retain 12 to 20 of them.

Daily Journal reports

JANET MARTIN HARRY MARTIN

SELECT PROPERTIES, PLLC

COMMERCIAL, INDUSTRIAL & RESIDENTIAL

1014 North Gloster, Suite B Tupelo, MS 38804-1202 662.841.2367 800.439.1007

Document: F017CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 12:21:46;JPC 72 DPI

APRIL 2013

BUSINESS JOURNAL

APRIL 2013

Bo Bain: Director of Operations Jim Bain: Owner

"Customer Service is my game PuroClean is my name"

Serving Lee, Pontotoc, Itawamba, Union, Prentiss, Layfayette & Monroe Counties

Toll Free 877-994-1200 662-205-3211 PuroClean Disaster Restoration Services www.Puroclean.com/pdrs-ms

• Water Damage Restoration • Mold Remediation • Fire & Smoke Restoration

• Trauma Scene Remediation • Biohazard Clean Up

Document: F018CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:30:12;JPC 72 DPI

18

BUSINESS JOURNAL

APRIL 2013

Bo Bain: Director of Operations Jim Bain: Owner

"Customer Service is my game PuroClean is my name"

Serving Lee, Pontotoc, Itawamba, Union, Prentiss, Layfayette & Monroe Counties

Toll Free 877-994-1200 662-205-3211 PuroClean Disaster Restoration Services www.Puroclean.com/pdrs-ms

• Water Damage Restoration • Mold Remediation • Fire & Smoke Restoration

• Trauma Scene Remediation • Biohazard Clean Up

Document: F018CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:30:12;JPC 72 DPI

18

BUSINESS JOURNAL

APRIL 2013

Bo Bain: Director of Operations Jim Bain: Owner

"Customer Service is my game PuroClean is my name"

Serving Lee, Pontotoc, Itawamba, Union, Prentiss, Layfayette & Monroe Counties

Toll Free 877-994-1200 662-205-3211 PuroClean Disaster Restoration Services www.Puroclean.com/pdrs-ms

• Water Damage Restoration • Mold Remediation • Fire & Smoke Restoration

• Trauma Scene Remediation • Biohazard Clean Up

Document: F018CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:30:12;JPC 72 DPI

18

19

Business Directory Apartments Homes

Affordable Luxury Apartment Homes 1, 2 & 3 Bedroom

111 Grand Ole Oaks Drive Belden, MS 38826 Carey Wilson Manager

office: 662.823.1470 • fax: 662.823.1474 • cell:662.231.7508

www.GrandOleOaks.com Apartments Homes

HILLDALE APARTMENTS Now Accepting Applicants

for 1,2,3,4 bedroom apartments.

These units are subsidized through HUD and are based on income.

320 Monument #106 • Tupelo, MS Office Hours: M-F 9am-5pm 842-4267 or TTY711 or 1-800-582-2233 for the hearing impaired

Auto Rental

Bank

Automotive Sales Professional

MATT ROGERS

would like to welcome his loyal customers family, and friends to come by and see him.

Call Robin Barnett today!

662-841-8743 rbarnett@trustmark.com

(662) 501-9188

DOSSETT BIG 4 628 SOUTH GLOSTER / TUPELO / 842-4162 web: www.dossettbig4.com

Bank

Automotive Services

BRAKE & SERVICE REPAIR

Tupelo Lending Office

• Brakes • Front End Alignment • Air Conditioning

431 W Main Suite 201 Jamie Osbirn Ron Roper Leslie Stacy

OTHER SERVICES INCLUDE STARTERS, TIRES, OIL CHANGES, BATTERIES, ALTERNATORS, DRIVESHAFTS, AND CUSTOM WHEELS.

Cooper Service

662-844-1852

662.844.3419

• 4006 West Main • Tupelo

Mon-Fri 7:30am - 5:30pm • Sat 7:30am - Noon

fanb.net

Member

FDIC

Bank

Automotive Services

Your 5-Star, A Rated Bank

Body Repair • Auto Glass •Insurance Claims

PH: 662-842-5404 FAX: 662-842-0909

1480 EAST MAIN ST. TUPELO, MS 38804 Email: discountrentcar@gmail.com

Automotive Commercial Vehicles

Equal Housing

LENDER

Ratliff Body and Glass 365-8245

by Bauer Financial and Weiss Ratings

We take care of your money.

We take care of you.

“You pay the premiums, you choose the shop.” www.ratliffbodyandglass.com

Bank

Automotive Services

RICK’S CHASSIS WORKS Foreign - Domestic

Whether you’re hauling or delivering...Call

DWAYNE BLACKMON CHEVROLET for your commercial vehicle needs!

1410 SOUTH GLOSTER / TUPELO / 842-3611

Automotive Commercial Vehicles 1608 S. GLOSTER TUPELO

• Insurance Claims Welcome • Free Estimates • Body & Paint Repair “We Specialize in Frame Work”

1875 Nelle St. Tupelo, MS

844-0260

Bank Of Okolona

Okolona P.O. Box 306 Okolona, Mississippi 38860

(662) 447-5403

Bait & Tackle

Blinds

NOW OPEN

Mooreville Blinds BAIT SHOP

FISHING TACKLE • MINNOWS • CANADIAN NIGHT CRAWLERS • GIANT RED WORMS

CALL JIM BROWN 662.231.2392

3602 Old Hwy. 178 East • Mooreville, Ms

662-680-6916

(662) 456-3347

www.bankofokolona.com

Budget

a style for every point of view

THE FAST LANE FOR SMALL BUSINESS

Houston Banking Center 321 W. Madison St. Houston, Mississippi

Coming Soon African Night Crawlers

Budget Blinds of Tupelo

FREE In-Home Consultation

Shutters, Wood Blinds, Draperies and more! www.budgetblinds.com An Independently Owned and Operated Franchise

Tupelo: 662.823.6455 Oxford: 662.281.0586 cell: 662.380.0958 fax: 662.281.0585 rlloomis@budgetblinds.com

Document: F019CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:30:18;JPC 72 DPI

BUSINESS JOURNAL

APRIL 2013

19

Business Directory Apartments Homes

Affordable Luxury Apartment Homes 1, 2 & 3 Bedroom

111 Grand Ole Oaks Drive Belden, MS 38826 Carey Wilson Manager

office: 662.823.1470 • fax: 662.823.1474 • cell:662.231.7508

www.GrandOleOaks.com Apartments Homes

HILLDALE APARTMENTS Now Accepting Applicants

for 1,2,3,4 bedroom apartments.

These units are subsidized through HUD and are based on income.

320 Monument #106 • Tupelo, MS Office Hours: M-F 9am-5pm 842-4267 or TTY711 or 1-800-582-2233 for the hearing impaired

Auto Rental

Bank

Automotive Sales Professional

MATT ROGERS

would like to welcome his loyal customers family, and friends to come by and see him.

Call Robin Barnett today!

662-841-8743 rbarnett@trustmark.com

(662) 501-9188

DOSSETT BIG 4 628 SOUTH GLOSTER / TUPELO / 842-4162 web: www.dossettbig4.com

Bank

Automotive Services

BRAKE & SERVICE REPAIR

Tupelo Lending Office

• Brakes • Front End Alignment • Air Conditioning

431 W Main Suite 201 Jamie Osbirn Ron Roper Leslie Stacy

OTHER SERVICES INCLUDE STARTERS, TIRES, OIL CHANGES, BATTERIES, ALTERNATORS, DRIVESHAFTS, AND CUSTOM WHEELS.

Cooper Service

662-844-1852

662.844.3419

• 4006 West Main • Tupelo

Mon-Fri 7:30am - 5:30pm • Sat 7:30am - Noon

fanb.net

Member

FDIC

Bank

Automotive Services

Your 5-Star, A Rated Bank

Body Repair • Auto Glass •Insurance Claims

PH: 662-842-5404 FAX: 662-842-0909

1480 EAST MAIN ST. TUPELO, MS 38804 Email: discountrentcar@gmail.com

Automotive Commercial Vehicles

Equal Housing

LENDER

Ratliff Body and Glass 365-8245

by Bauer Financial and Weiss Ratings

We take care of your money.

We take care of you.

“You pay the premiums, you choose the shop.” www.ratliffbodyandglass.com

Bank

Automotive Services

RICK’S CHASSIS WORKS Foreign - Domestic

Whether you’re hauling or delivering...Call

DWAYNE BLACKMON CHEVROLET for your commercial vehicle needs!

1410 SOUTH GLOSTER / TUPELO / 842-3611

Automotive Commercial Vehicles 1608 S. GLOSTER TUPELO

• Insurance Claims Welcome • Free Estimates • Body & Paint Repair “We Specialize in Frame Work”

1875 Nelle St. Tupelo, MS

844-0260

Bank Of Okolona

Okolona P.O. Box 306 Okolona, Mississippi 38860

(662) 447-5403

Bait & Tackle

Blinds

NOW OPEN

Mooreville Blinds BAIT SHOP

FISHING TACKLE • MINNOWS • CANADIAN NIGHT CRAWLERS • GIANT RED WORMS

CALL JIM BROWN 662.231.2392

3602 Old Hwy. 178 East • Mooreville, Ms

662-680-6916

(662) 456-3347

www.bankofokolona.com

Budget

a style for every point of view

THE FAST LANE FOR SMALL BUSINESS

Houston Banking Center 321 W. Madison St. Houston, Mississippi

Coming Soon African Night Crawlers

Budget Blinds of Tupelo

FREE In-Home Consultation

Shutters, Wood Blinds, Draperies and more! www.budgetblinds.com An Independently Owned and Operated Franchise

Tupelo: 662.823.6455 Oxford: 662.281.0586 cell: 662.380.0958 fax: 662.281.0585 rlloomis@budgetblinds.com

Document: F019CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:30:18;JPC 72 DPI

BUSINESS JOURNAL

APRIL 2013

19

Business Directory Apartments Homes

Affordable Luxury Apartment Homes 1, 2 & 3 Bedroom

111 Grand Ole Oaks Drive Belden, MS 38826 Carey Wilson Manager

office: 662.823.1470 • fax: 662.823.1474 • cell:662.231.7508

www.GrandOleOaks.com Apartments Homes

HILLDALE APARTMENTS Now Accepting Applicants

for 1,2,3,4 bedroom apartments.

These units are subsidized through HUD and are based on income.

320 Monument #106 • Tupelo, MS Office Hours: M-F 9am-5pm 842-4267 or TTY711 or 1-800-582-2233 for the hearing impaired

Auto Rental

Bank

Automotive Sales Professional

MATT ROGERS

would like to welcome his loyal customers family, and friends to come by and see him.

Call Robin Barnett today!

662-841-8743 rbarnett@trustmark.com

(662) 501-9188

DOSSETT BIG 4 628 SOUTH GLOSTER / TUPELO / 842-4162 web: www.dossettbig4.com

Bank

Automotive Services

BRAKE & SERVICE REPAIR

Tupelo Lending Office

• Brakes • Front End Alignment • Air Conditioning

431 W Main Suite 201 Jamie Osbirn Ron Roper Leslie Stacy

OTHER SERVICES INCLUDE STARTERS, TIRES, OIL CHANGES, BATTERIES, ALTERNATORS, DRIVESHAFTS, AND CUSTOM WHEELS.

Cooper Service

662-844-1852

662.844.3419

• 4006 West Main • Tupelo

Mon-Fri 7:30am - 5:30pm • Sat 7:30am - Noon

fanb.net

Member

FDIC

Bank

Automotive Services

Your 5-Star, A Rated Bank

Body Repair • Auto Glass •Insurance Claims

PH: 662-842-5404 FAX: 662-842-0909

1480 EAST MAIN ST. TUPELO, MS 38804 Email: discountrentcar@gmail.com

Automotive Commercial Vehicles

Equal Housing

LENDER

Ratliff Body and Glass 365-8245

by Bauer Financial and Weiss Ratings

We take care of your money.

We take care of you.

“You pay the premiums, you choose the shop.” www.ratliffbodyandglass.com

Bank

Automotive Services

RICK’S CHASSIS WORKS Foreign - Domestic

Whether you’re hauling or delivering...Call

DWAYNE BLACKMON CHEVROLET for your commercial vehicle needs!

1410 SOUTH GLOSTER / TUPELO / 842-3611

Automotive Commercial Vehicles 1608 S. GLOSTER TUPELO

• Insurance Claims Welcome • Free Estimates • Body & Paint Repair “We Specialize in Frame Work”

1875 Nelle St. Tupelo, MS

844-0260

Bank Of Okolona

Okolona P.O. Box 306 Okolona, Mississippi 38860

(662) 447-5403

Bait & Tackle

Blinds

NOW OPEN

Mooreville Blinds BAIT SHOP

FISHING TACKLE • MINNOWS • CANADIAN NIGHT CRAWLERS • GIANT RED WORMS

CALL JIM BROWN 662.231.2392

3602 Old Hwy. 178 East • Mooreville, Ms

662-680-6916

(662) 456-3347

www.bankofokolona.com

Budget

a style for every point of view

THE FAST LANE FOR SMALL BUSINESS

Houston Banking Center 321 W. Madison St. Houston, Mississippi

Coming Soon African Night Crawlers

Budget Blinds of Tupelo

FREE In-Home Consultation

Shutters, Wood Blinds, Draperies and more! www.budgetblinds.com An Independently Owned and Operated Franchise

Tupelo: 662.823.6455 Oxford: 662.281.0586 cell: 662.380.0958 fax: 662.281.0585 rlloomis@budgetblinds.com

Document: F019CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:30:18;JPC 72 DPI

BUSINESS JOURNAL

APRIL 2013

BUSINESS JOURNAL

APRIL 2013

Business Directory Building Supplies

Concrete

Event Venue

401 Elizabeth St. • Tupelo 662-842-7305

Available for Weddings, Receptions, Parties and Meetings For Information Call 844-2772

Building Supplies

Contractors

Event Venue

Lumbe ville r Boone Company

SS & G Contractors

Rex & Diannah Coggins, Owners

Ph: (662) 365-7021

N H A R Fax: (662) 365-8902 Y DW & DW AR L E SUPPLY, INC. BA • Full Service • Hardware • Building Supplies • Plumbing • Hydraulic Hoses

• Electrical • Glass • Valspar Paints • Welding Supplies • Portable Carports

1187 North 4th St. • Baldwyn, MS 38824

Full Line of Lumber, Hardware, Plumbing and Electrical Supplies 2300 E. Chambers Dr. • Booneville • 728-0094

Booneville Hardware & Supply 403 Church St. • Booneville • 728-0032

219 N o r t h B ro a d way • Tu p e l o

Saltillo, MS • 869-0052

• Driveways & • Septic Tanks Gravel • Excavating • Metal Carports • Lot Clearing • Dozer & Bobcat • Treatment Plants • Storm Shelters (Licensed and Fema Approved)

Call for Estimates Licensed & Bonded

"For all your hardware needs"

T h e G o o d l e tt M a n o r

Dentist

Collision Repair

Meetings • Weddings Sanctuary Space • Reception Hall • Catering Concerts • Special Events 1800 West Main St. • Tupelo • 662-690-4011 • www.link-centre.org

Foundation Repair

Concrete Bell Bottom Pier System • Helical Steel Pier System • Conventional Flooring Leveling • Sill, Joist and Beam Repairs • Totally Rebuild Floor Foundation • Wood Floor Deterioration - mold, mildew, fungi, dry rot, brown rot - wet rot • Specializing in Bathroom Repair • Moisture Proofing Airvents - improper ventilation & additional foundation vents Force Air Blower fans, (increase circulation)

24 Hour Wrecker Service

◆ Junior Burns - Cell 662-728-0524 ◆ David Denson - Cell 662-416-5591 100 W. Veterans Drive • Booneville, MS 38829

Roger Rakestraw

1-877-288-7395 • 662-534-6698 New Albany, Ms 38652

Phone 662-728-4459 • Fax (662) 728-4150

www.advancedfoundationrepairms.com Insured, Licensed, Bonded Certified

Commercial Cleaning Services

Employment Opportunities

Furniture

We’ve got all your

home furnishings

589 N. Coley Rd. Tupelo, MS

224 Starlyn Ave. New Albany, MS 38652

at affordable prices.

662-534-4448

Great Employment Opportunities

7540 Veterans Hwy. West • Pontotoc, MS 38863

Commercial Cleaning Services

Engineering

Furniture

DABBS ENGINEERING CO., INC.

D Decorator’s Connection C F

MR. JANITOR

inc.

heavyonthemr.com

Carpet • Upholstery • Oriental/Natural Fiber Rugs Hardwood Floors • Ceramic Tile and Grout Cleaning All Your Indoor Cleaning Needs!

662-844-7713

Helping To Keep Northeast Mississippi Clean and Beautiful David Stephens President mrjanitor1984@yahoo.com 1835 Nelle Street • Tupelo, MS 38801 Fax 662-844-7169 Cell 662-321-0275

Tupelo, MS

“We make the furniture of your dreams a quality reality”

Land Surveyors ■ ■

Boundary ■ Topo ■ Alta Construction Layout ■ Subdivisions

Engineers ■

Civil

■

Environmental-Testing

662-489-1176

■

Geotechnical

Thomas R. Dabbs, P.E. Fax 662-841-0431

E-mail: tdabbs@dabbsengineering.com P.O. Box 7064 / 1050 N. Eason, Tupelo, MS 662-841-0162 www.dabbsengineeringinc.com

DAVID BULLARD Owner

10168 Pontotoc Hwy 6 East Tupelo, MS 38801 662.844.4689 cell: 662.213.5006 davidbullard547@gmail.com www.decoratorsconnection.com

Document: F020CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:30:25;JPC 72 DPI

20

BUSINESS JOURNAL

APRIL 2013

Business Directory Building Supplies

Concrete

Event Venue

401 Elizabeth St. • Tupelo 662-842-7305

Available for Weddings, Receptions, Parties and Meetings For Information Call 844-2772

Building Supplies

Contractors

Event Venue

Lumbe ville r Boone Company

SS & G Contractors

Rex & Diannah Coggins, Owners

Ph: (662) 365-7021

N H A R Fax: (662) 365-8902 Y DW & DW AR L E SUPPLY, INC. BA • Full Service • Hardware • Building Supplies • Plumbing • Hydraulic Hoses

• Electrical • Glass • Valspar Paints • Welding Supplies • Portable Carports

1187 North 4th St. • Baldwyn, MS 38824

Full Line of Lumber, Hardware, Plumbing and Electrical Supplies 2300 E. Chambers Dr. • Booneville • 728-0094

Booneville Hardware & Supply 403 Church St. • Booneville • 728-0032

219 N o r t h B ro a d way • Tu p e l o

Saltillo, MS • 869-0052

• Driveways & • Septic Tanks Gravel • Excavating • Metal Carports • Lot Clearing • Dozer & Bobcat • Treatment Plants • Storm Shelters (Licensed and Fema Approved)

Call for Estimates Licensed & Bonded

"For all your hardware needs"

T h e G o o d l e tt M a n o r

Dentist

Collision Repair

Meetings • Weddings Sanctuary Space • Reception Hall • Catering Concerts • Special Events 1800 West Main St. • Tupelo • 662-690-4011 • www.link-centre.org

Foundation Repair

Concrete Bell Bottom Pier System • Helical Steel Pier System • Conventional Flooring Leveling • Sill, Joist and Beam Repairs • Totally Rebuild Floor Foundation • Wood Floor Deterioration - mold, mildew, fungi, dry rot, brown rot - wet rot • Specializing in Bathroom Repair • Moisture Proofing Airvents - improper ventilation & additional foundation vents Force Air Blower fans, (increase circulation)

24 Hour Wrecker Service

◆ Junior Burns - Cell 662-728-0524 ◆ David Denson - Cell 662-416-5591 100 W. Veterans Drive • Booneville, MS 38829

Roger Rakestraw

1-877-288-7395 • 662-534-6698 New Albany, Ms 38652

Phone 662-728-4459 • Fax (662) 728-4150

www.advancedfoundationrepairms.com Insured, Licensed, Bonded Certified

Commercial Cleaning Services

Employment Opportunities

Furniture

We’ve got all your

home furnishings

589 N. Coley Rd. Tupelo, MS

224 Starlyn Ave. New Albany, MS 38652

at affordable prices.

662-534-4448

Great Employment Opportunities

7540 Veterans Hwy. West • Pontotoc, MS 38863

Commercial Cleaning Services

Engineering

Furniture

DABBS ENGINEERING CO., INC.

D Decorator’s Connection C F

MR. JANITOR

inc.

heavyonthemr.com

Carpet • Upholstery • Oriental/Natural Fiber Rugs Hardwood Floors • Ceramic Tile and Grout Cleaning All Your Indoor Cleaning Needs!

662-844-7713

Helping To Keep Northeast Mississippi Clean and Beautiful David Stephens President mrjanitor1984@yahoo.com 1835 Nelle Street • Tupelo, MS 38801 Fax 662-844-7169 Cell 662-321-0275

Tupelo, MS

“We make the furniture of your dreams a quality reality”

Land Surveyors ■ ■

Boundary ■ Topo ■ Alta Construction Layout ■ Subdivisions

Engineers ■

Civil

■

Environmental-Testing

662-489-1176

■

Geotechnical

Thomas R. Dabbs, P.E. Fax 662-841-0431

E-mail: tdabbs@dabbsengineering.com P.O. Box 7064 / 1050 N. Eason, Tupelo, MS 662-841-0162 www.dabbsengineeringinc.com

DAVID BULLARD Owner

10168 Pontotoc Hwy 6 East Tupelo, MS 38801 662.844.4689 cell: 662.213.5006 davidbullard547@gmail.com www.decoratorsconnection.com

Document: F020CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:30:25;JPC 72 DPI

20

BUSINESS JOURNAL

APRIL 2013

Business Directory Building Supplies

Concrete

Event Venue

401 Elizabeth St. • Tupelo 662-842-7305

Available for Weddings, Receptions, Parties and Meetings For Information Call 844-2772

Building Supplies

Contractors

Event Venue

Lumbe ville r Boone Company

SS & G Contractors

Rex & Diannah Coggins, Owners

Ph: (662) 365-7021

N H A R Fax: (662) 365-8902 Y DW & DW AR L E SUPPLY, INC. BA • Full Service • Hardware • Building Supplies • Plumbing • Hydraulic Hoses

• Electrical • Glass • Valspar Paints • Welding Supplies • Portable Carports

1187 North 4th St. • Baldwyn, MS 38824

Full Line of Lumber, Hardware, Plumbing and Electrical Supplies 2300 E. Chambers Dr. • Booneville • 728-0094

Booneville Hardware & Supply 403 Church St. • Booneville • 728-0032

219 N o r t h B ro a d way • Tu p e l o

Saltillo, MS • 869-0052

• Driveways & • Septic Tanks Gravel • Excavating • Metal Carports • Lot Clearing • Dozer & Bobcat • Treatment Plants • Storm Shelters (Licensed and Fema Approved)

Call for Estimates Licensed & Bonded

"For all your hardware needs"

T h e G o o d l e tt M a n o r

Dentist

Collision Repair

Meetings • Weddings Sanctuary Space • Reception Hall • Catering Concerts • Special Events 1800 West Main St. • Tupelo • 662-690-4011 • www.link-centre.org

Foundation Repair

Concrete Bell Bottom Pier System • Helical Steel Pier System • Conventional Flooring Leveling • Sill, Joist and Beam Repairs • Totally Rebuild Floor Foundation • Wood Floor Deterioration - mold, mildew, fungi, dry rot, brown rot - wet rot • Specializing in Bathroom Repair • Moisture Proofing Airvents - improper ventilation & additional foundation vents Force Air Blower fans, (increase circulation)

24 Hour Wrecker Service

◆ Junior Burns - Cell 662-728-0524 ◆ David Denson - Cell 662-416-5591 100 W. Veterans Drive • Booneville, MS 38829

Roger Rakestraw

1-877-288-7395 • 662-534-6698 New Albany, Ms 38652

Phone 662-728-4459 • Fax (662) 728-4150

www.advancedfoundationrepairms.com Insured, Licensed, Bonded Certified

Commercial Cleaning Services

Employment Opportunities

Furniture

We’ve got all your

home furnishings

589 N. Coley Rd. Tupelo, MS

224 Starlyn Ave. New Albany, MS 38652

at affordable prices.

662-534-4448

Great Employment Opportunities

7540 Veterans Hwy. West • Pontotoc, MS 38863

Commercial Cleaning Services

Engineering

Furniture

DABBS ENGINEERING CO., INC.

D Decorator’s Connection C F

MR. JANITOR

inc.

heavyonthemr.com

Carpet • Upholstery • Oriental/Natural Fiber Rugs Hardwood Floors • Ceramic Tile and Grout Cleaning All Your Indoor Cleaning Needs!

662-844-7713

Helping To Keep Northeast Mississippi Clean and Beautiful David Stephens President mrjanitor1984@yahoo.com 1835 Nelle Street • Tupelo, MS 38801 Fax 662-844-7169 Cell 662-321-0275

Tupelo, MS

“We make the furniture of your dreams a quality reality”

Land Surveyors ■ ■

Boundary ■ Topo ■ Alta Construction Layout ■ Subdivisions

Engineers ■

Civil

■

Environmental-Testing

662-489-1176

■

Geotechnical

Thomas R. Dabbs, P.E. Fax 662-841-0431

E-mail: tdabbs@dabbsengineering.com P.O. Box 7064 / 1050 N. Eason, Tupelo, MS 662-841-0162 www.dabbsengineeringinc.com

DAVID BULLARD Owner

10168 Pontotoc Hwy 6 East Tupelo, MS 38801 662.844.4689 cell: 662.213.5006 davidbullard547@gmail.com www.decoratorsconnection.com

Document: F020CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:30:25;JPC 72 DPI

20

21

Business Directory Gifts

Okolona Drug Co.

Hancock Insurance Agency INSURANCE AND FINANCIAL SERVICES ATV • Life • Health Annuities • RV • Automobile Motorcycle • Home Mobile Home Medicare Supplements

Complete Prescription Service

We Accept All Medicare Part D Plans • • • • •

Gifts & Fenton Glass Tyler Candles Aromatique Arthur Court Lenox & Gorham China

• Adora Dolls & Lee Middleton Dolls • Ole Miss & Miss. State Collegiate Items • NEW Casseroles to Go!

210 West Main Street Okolona, MS (662) 447-5471

Glass & Overhead Doors

Serving Tupelo for 3 Generations

24 Hour Emergency Service

Store Fronts • Mirrors Shower Doors • Garage Doors Commercial Doors Hollow Metal Doors

662-844-4540

“Serving Tupelo for 3 Generations”

711 ROBERT E. LEE DR. • TUPELO, MS

“Experience Is The Difference”

FAX:662-620-7754

Locksmith

Insurance

Scott Hancock

662-534-2661

Allen Hancock

720 W . Bankhead St. New Albany

Monthly Rates Available

• • • • •

IRRIGATION LANDSCAPE DESIGN/INSTALL DRAINAGE OUTDOOR LIGHTING CONCRETE WORK

• PATIO • SIDEWALKS • RETAINING WALLS

662-401-0449

2600 Poplar AVE. #118 Memphis, TN 38112 Phone: 901-730-0455

GUNTOWN • 662-321-5268

LAWN

CARE

LANDSCAPING IRRIGATION FREE ESTIMATES REASONABLE RATES

397-6486

3166 West Jackson, Tupelo, MS

Comprehensive Medical Care For Your Family or Business 1154 Cross Creek Dr. (Next to Home Depot)

Mon-Fri. 8 - 6:30 Sat. 9 - 6 Sun. 1 - 6

840-8010

WE GE

E R IC

T THE BEST P Owner, Ron Herndon

Lee Wallace, CFNP David W. Bell, MD Leigh Ann Weatherly, CFNP

Medical

FRIENDSHIP MEDICAL CLINIC, LLC. Walkins Welcome

Hours: Monday-Friday: 8:00 am - 6:00 pm Saturday: 9:00 am - 3:00 pm Sunday: 1:00 - 5:00 pm

5482 Hwy 15 N. • Ecru, MS 38841

662-488-8799 Motorsports

Livestock

Insulation

662-844-1306

, PA

Landscaping

SCRUGGS

Member of the QCN Network. Saving You Money And Making You More Comfortable For Over 38 Years Residential & Commercial Insulation, Installation Blown-In Attic Insulation - Blown-in Wall Insulation - Batting www.nsul8or@att.net www.nsul8or.com

Medical

Appointments & Walk-Ins Welcome

Home Improvement

rafcomhs@gmail.com

Medical

1509 Leighton Dr. • Tupelo, MS

LANDSCAPING SOLUTION

Windows, Doors, Tubs, Skirting, Fixtures, and More!!

Installation available!!!

1219 1⁄2 NELLE STREET • TUPELO

LANDSCAPING

APOLLO HAIR SYSTEMS

(662) 963-2825

(662) 842-7720

Spruce

Landscaping

For more information visit www.apollomemphis.com

• Safes Serviced & Installed • Locks Installed • Locksets • Combinations Changed • Locks Rekeyed • Lost Keys Replaced • Master Key Systems • High Security Keys AUTO RESIDENTIAL COMMERCIAL

Irrigation/Landscaping

Hair

Danny Spinosa: Owner At Apollo, we service all types of hair replacement with any form of attachment Call Danny today for more information about our hair and services

MILLER’S SAFE & LOCK SERVICE, INC.

NEW & USED SAFES

PONTOTOC STOCKYARD SATURDAYS

1-888-452-3530 We Want To Connect With YOU!!

FOR ALL LIVESTOCK NEEDS

568 RockyFord Rd. • Hwy 76 West, Pontotoc 489-4385 or 213-7080

Goats, Hogs, and Horses at 11:00 am, Cattle at 1:00 pm

Like us on FACEBOOK Facebook.com/MotorSportsSuperStore

GOOGLE search Motorsports SuperStore

Follow us on TWITTER Twitter.com/MSSuperStore

YOUTUBE YouTube.com/MotorSportsSuperStore

Document: F021CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:30:36;JPC 72 DPI

BUSINESS JOURNAL

APRIL 2013

21

Business Directory Gifts

Okolona Drug Co.

Hancock Insurance Agency INSURANCE AND FINANCIAL SERVICES ATV • Life • Health Annuities • RV • Automobile Motorcycle • Home Mobile Home Medicare Supplements

Complete Prescription Service

We Accept All Medicare Part D Plans • • • • •

Gifts & Fenton Glass Tyler Candles Aromatique Arthur Court Lenox & Gorham China

• Adora Dolls & Lee Middleton Dolls • Ole Miss & Miss. State Collegiate Items • NEW Casseroles to Go!

210 West Main Street Okolona, MS (662) 447-5471

Glass & Overhead Doors

Serving Tupelo for 3 Generations

24 Hour Emergency Service

Store Fronts • Mirrors Shower Doors • Garage Doors Commercial Doors Hollow Metal Doors

662-844-4540

“Serving Tupelo for 3 Generations”

711 ROBERT E. LEE DR. • TUPELO, MS

“Experience Is The Difference”

FAX:662-620-7754

Locksmith

Insurance

Scott Hancock

662-534-2661

Allen Hancock

720 W . Bankhead St. New Albany

Monthly Rates Available

• • • • •

IRRIGATION LANDSCAPE DESIGN/INSTALL DRAINAGE OUTDOOR LIGHTING CONCRETE WORK

• PATIO • SIDEWALKS • RETAINING WALLS

662-401-0449

2600 Poplar AVE. #118 Memphis, TN 38112 Phone: 901-730-0455

GUNTOWN • 662-321-5268

LAWN

CARE

LANDSCAPING IRRIGATION FREE ESTIMATES REASONABLE RATES

397-6486

3166 West Jackson, Tupelo, MS

Comprehensive Medical Care For Your Family or Business 1154 Cross Creek Dr. (Next to Home Depot)

Mon-Fri. 8 - 6:30 Sat. 9 - 6 Sun. 1 - 6

840-8010

WE GE

E R IC

T THE BEST P Owner, Ron Herndon

Lee Wallace, CFNP David W. Bell, MD Leigh Ann Weatherly, CFNP

Medical

FRIENDSHIP MEDICAL CLINIC, LLC. Walkins Welcome

Hours: Monday-Friday: 8:00 am - 6:00 pm Saturday: 9:00 am - 3:00 pm Sunday: 1:00 - 5:00 pm

5482 Hwy 15 N. • Ecru, MS 38841

662-488-8799 Motorsports

Livestock

Insulation

662-844-1306

, PA

Landscaping

SCRUGGS

Member of the QCN Network. Saving You Money And Making You More Comfortable For Over 38 Years Residential & Commercial Insulation, Installation Blown-In Attic Insulation - Blown-in Wall Insulation - Batting www.nsul8or@att.net www.nsul8or.com

Medical

Appointments & Walk-Ins Welcome

Home Improvement

rafcomhs@gmail.com

Medical

1509 Leighton Dr. • Tupelo, MS

LANDSCAPING SOLUTION

Windows, Doors, Tubs, Skirting, Fixtures, and More!!

Installation available!!!

1219 1⁄2 NELLE STREET • TUPELO

LANDSCAPING

APOLLO HAIR SYSTEMS

(662) 963-2825

(662) 842-7720

Spruce

Landscaping

For more information visit www.apollomemphis.com

• Safes Serviced & Installed • Locks Installed • Locksets • Combinations Changed • Locks Rekeyed • Lost Keys Replaced • Master Key Systems • High Security Keys AUTO RESIDENTIAL COMMERCIAL

Irrigation/Landscaping

Hair

Danny Spinosa: Owner At Apollo, we service all types of hair replacement with any form of attachment Call Danny today for more information about our hair and services

MILLER’S SAFE & LOCK SERVICE, INC.

NEW & USED SAFES

PONTOTOC STOCKYARD SATURDAYS

1-888-452-3530 We Want To Connect With YOU!!

FOR ALL LIVESTOCK NEEDS

568 RockyFord Rd. • Hwy 76 West, Pontotoc 489-4385 or 213-7080

Goats, Hogs, and Horses at 11:00 am, Cattle at 1:00 pm

Like us on FACEBOOK Facebook.com/MotorSportsSuperStore

GOOGLE search Motorsports SuperStore

Follow us on TWITTER Twitter.com/MSSuperStore

YOUTUBE YouTube.com/MotorSportsSuperStore

Document: F021CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:30:36;JPC 72 DPI

BUSINESS JOURNAL

APRIL 2013

21

Business Directory Gifts

Okolona Drug Co.

Hancock Insurance Agency INSURANCE AND FINANCIAL SERVICES ATV • Life • Health Annuities • RV • Automobile Motorcycle • Home Mobile Home Medicare Supplements

Complete Prescription Service

We Accept All Medicare Part D Plans • • • • •

Gifts & Fenton Glass Tyler Candles Aromatique Arthur Court Lenox & Gorham China

• Adora Dolls & Lee Middleton Dolls • Ole Miss & Miss. State Collegiate Items • NEW Casseroles to Go!

210 West Main Street Okolona, MS (662) 447-5471

Glass & Overhead Doors

Serving Tupelo for 3 Generations

24 Hour Emergency Service

Store Fronts • Mirrors Shower Doors • Garage Doors Commercial Doors Hollow Metal Doors

662-844-4540

“Serving Tupelo for 3 Generations”

711 ROBERT E. LEE DR. • TUPELO, MS

“Experience Is The Difference”

FAX:662-620-7754

Locksmith

Insurance

Scott Hancock

662-534-2661

Allen Hancock

720 W . Bankhead St. New Albany

Monthly Rates Available

• • • • •

IRRIGATION LANDSCAPE DESIGN/INSTALL DRAINAGE OUTDOOR LIGHTING CONCRETE WORK

• PATIO • SIDEWALKS • RETAINING WALLS

662-401-0449

2600 Poplar AVE. #118 Memphis, TN 38112 Phone: 901-730-0455

GUNTOWN • 662-321-5268

LAWN

CARE

LANDSCAPING IRRIGATION FREE ESTIMATES REASONABLE RATES

397-6486

3166 West Jackson, Tupelo, MS

Comprehensive Medical Care For Your Family or Business 1154 Cross Creek Dr. (Next to Home Depot)

Mon-Fri. 8 - 6:30 Sat. 9 - 6 Sun. 1 - 6

840-8010

WE GE

E R IC

T THE BEST P Owner, Ron Herndon

Lee Wallace, CFNP David W. Bell, MD Leigh Ann Weatherly, CFNP

Medical

FRIENDSHIP MEDICAL CLINIC, LLC. Walkins Welcome

Hours: Monday-Friday: 8:00 am - 6:00 pm Saturday: 9:00 am - 3:00 pm Sunday: 1:00 - 5:00 pm

5482 Hwy 15 N. • Ecru, MS 38841

662-488-8799 Motorsports

Livestock

Insulation

662-844-1306

, PA

Landscaping

SCRUGGS

Member of the QCN Network. Saving You Money And Making You More Comfortable For Over 38 Years Residential & Commercial Insulation, Installation Blown-In Attic Insulation - Blown-in Wall Insulation - Batting www.nsul8or@att.net www.nsul8or.com

Medical

Appointments & Walk-Ins Welcome

Home Improvement

rafcomhs@gmail.com

Medical

1509 Leighton Dr. • Tupelo, MS

LANDSCAPING SOLUTION

Windows, Doors, Tubs, Skirting, Fixtures, and More!!

Installation available!!!

1219 1⁄2 NELLE STREET • TUPELO

LANDSCAPING

APOLLO HAIR SYSTEMS

(662) 963-2825

(662) 842-7720

Spruce

Landscaping

For more information visit www.apollomemphis.com

• Safes Serviced & Installed • Locks Installed • Locksets • Combinations Changed • Locks Rekeyed • Lost Keys Replaced • Master Key Systems • High Security Keys AUTO RESIDENTIAL COMMERCIAL

Irrigation/Landscaping

Hair

Danny Spinosa: Owner At Apollo, we service all types of hair replacement with any form of attachment Call Danny today for more information about our hair and services

MILLER’S SAFE & LOCK SERVICE, INC.

NEW & USED SAFES

PONTOTOC STOCKYARD SATURDAYS

1-888-452-3530 We Want To Connect With YOU!!

FOR ALL LIVESTOCK NEEDS

568 RockyFord Rd. • Hwy 76 West, Pontotoc 489-4385 or 213-7080

Goats, Hogs, and Horses at 11:00 am, Cattle at 1:00 pm

Like us on FACEBOOK Facebook.com/MotorSportsSuperStore

GOOGLE search Motorsports SuperStore

Follow us on TWITTER Twitter.com/MSSuperStore

YOUTUBE YouTube.com/MotorSportsSuperStore

Document: F021CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:30:36;JPC 72 DPI

BUSINESS JOURNAL

APRIL 2013

BUSINESS JOURNAL

APRIL 2013

Business Directory Moving

Restaurant

Restaurant

The Rib Shack

WE Roast, You Boast • Dining • Carryout • Catering

Call for a Free Estimate

Bronzie Morgan Relocation Specialist

662-842-1120

“The Morgan Family has been moving families like yours for over 50 years”

Paint

203 Commerce St. • Tupelo, MS • 840-1524 fax

Across from BancorpSouth Arena Mon.- Wed. 6:00 am - 6:00 pm • Thu. - Sat. 6:00 am. - Until

Specializing in Ribs & BBQ!

Fried Pickles, Cheese and Sausage Plate, Cheese Steaks, Hoagies, Chicken Salad, Fish, Steaks, Kid Menu, BBQ Nachos, Homemade Desserts and much, much more.

We’re a family owned business and appreciate all of our customers

3061 Tupelo Commons • Tupelo, MS • 840-1700 920 Hwy 72 East • Corinth, MS • 284-4646

Restaurant

Roofing

Party Trays for all Occasions!

W 1101 W. Main • Tupelo 842-3774

Plumbing

Restaurant

HE

EL

ER

RO

INC.

OF

ING

“A Family Business Since 1946”

• Residential • Commercial • Industrial FREE Estimates LICENSED & INSURED

411 CLARK ST. ❖ TUPELO ❖ 844-4481

Technology Achieve greater network per for mance with less.

RH PLUMBING, INC.

It's time to get more performance from your network with far less. As in less bandwidth utilization, fewer resources, and less cost.

Commercial Plumbing, Gas & Industrial Piping RICHARD HANLON (662) 447-3213

P.O. BOX 417 Okolona, MS 38860

Thank you for choosing RH Plumbing. We appreciate your business

Real Estate

499 Gloster Creek Village, Tupelo, MS 38801 Phone: (662) 844-4888 Fax: (662) 844-3006

ADVANCED RESEARCH & DEVELOPMENT FACILITY 1150 SOUTH GREEN ST • BUILDING 1, SUITE E • TUPELO,MS 662-821-2500 • www.circadence.com

Restaurant

at

Tobacco & Beer 2 LOCATIONS

Monday-Saturday 7 am -10 pm • Sunday 10 am -6 pm

Town Creek Center

2546 Hwy 145 #A Saltillo • 662-869-0086 • Max 2 FREE Kids with Adult Entree • 12 Years and Under

Real Estate

• Drink Not Included • Kid's Menu Only

Tupelo • Tuesdays 3 - 9 pm • 495 S. Gloster • 680-3354 New Albany • Thursdays 5 - 9 pm • 534-2700 Corinth • Tuesdays 4 - 9 pm • 286-9007

Monday-Saturday 7 am -10 pm • Sunday 1 pm -8 pm

Restaurant

Uniforms

204 Starlyn Avenue • New Albany, MS

662-534-4500

Thinking of Selling Your Home or Property?

We Have Six Full-Time Agents Pontotoc Ridge Realty, Ltd. Who Call MOSSY OAK PROPERTIES OFFICE Pontotoc Home. ISEACH INDEPENDENTLY OWNED AND OPERATED

Call Us Today 662-489-2848

Keeping Professional People Looking Professional • Pizza Spaghetti • Salad Bar • Sandwich

365-7059

709 S 4th St. • Baldwyn, MS Mon.-Thurs. 11-10 • Fri.-Sat. 11-11 • Sun. 12-10

795 S. Gloster, Tupelo • (662) 844-4272 2316 Hwy. 45 N. Columbus • (662) 328-7777 1151 D. Frontage Rd. Oxford • (662) 513-0341

www.scrubsandco.com

Document: F022CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:31:22;JPC 72 DPI

22

BUSINESS JOURNAL

APRIL 2013

Business Directory Moving

Restaurant

Restaurant

The Rib Shack

WE Roast, You Boast • Dining • Carryout • Catering

Call for a Free Estimate

Bronzie Morgan Relocation Specialist

662-842-1120

“The Morgan Family has been moving families like yours for over 50 years”

Paint

203 Commerce St. • Tupelo, MS • 840-1524 fax

Across from BancorpSouth Arena Mon.- Wed. 6:00 am - 6:00 pm • Thu. - Sat. 6:00 am. - Until

Specializing in Ribs & BBQ!

Fried Pickles, Cheese and Sausage Plate, Cheese Steaks, Hoagies, Chicken Salad, Fish, Steaks, Kid Menu, BBQ Nachos, Homemade Desserts and much, much more.

We’re a family owned business and appreciate all of our customers

3061 Tupelo Commons • Tupelo, MS • 840-1700 920 Hwy 72 East • Corinth, MS • 284-4646

Restaurant

Roofing

Party Trays for all Occasions!

W 1101 W. Main • Tupelo 842-3774

Plumbing

Restaurant

HE

EL

ER

RO

INC.

OF

ING

“A Family Business Since 1946”

• Residential • Commercial • Industrial FREE Estimates LICENSED & INSURED

411 CLARK ST. ❖ TUPELO ❖ 844-4481

Technology Achieve greater network per for mance with less.

RH PLUMBING, INC.

It's time to get more performance from your network with far less. As in less bandwidth utilization, fewer resources, and less cost.

Commercial Plumbing, Gas & Industrial Piping RICHARD HANLON (662) 447-3213

P.O. BOX 417 Okolona, MS 38860

Thank you for choosing RH Plumbing. We appreciate your business

Real Estate

499 Gloster Creek Village, Tupelo, MS 38801 Phone: (662) 844-4888 Fax: (662) 844-3006

ADVANCED RESEARCH & DEVELOPMENT FACILITY 1150 SOUTH GREEN ST • BUILDING 1, SUITE E • TUPELO,MS 662-821-2500 • www.circadence.com

Restaurant

at

Tobacco & Beer 2 LOCATIONS

Monday-Saturday 7 am -10 pm • Sunday 10 am -6 pm

Town Creek Center

2546 Hwy 145 #A Saltillo • 662-869-0086 • Max 2 FREE Kids with Adult Entree • 12 Years and Under

Real Estate

• Drink Not Included • Kid's Menu Only

Tupelo • Tuesdays 3 - 9 pm • 495 S. Gloster • 680-3354 New Albany • Thursdays 5 - 9 pm • 534-2700 Corinth • Tuesdays 4 - 9 pm • 286-9007

Monday-Saturday 7 am -10 pm • Sunday 1 pm -8 pm

Restaurant

Uniforms

204 Starlyn Avenue • New Albany, MS

662-534-4500

Thinking of Selling Your Home or Property?

We Have Six Full-Time Agents Pontotoc Ridge Realty, Ltd. Who Call MOSSY OAK PROPERTIES OFFICE Pontotoc Home. ISEACH INDEPENDENTLY OWNED AND OPERATED

Call Us Today 662-489-2848

Keeping Professional People Looking Professional • Pizza Spaghetti • Salad Bar • Sandwich

365-7059

709 S 4th St. • Baldwyn, MS Mon.-Thurs. 11-10 • Fri.-Sat. 11-11 • Sun. 12-10

795 S. Gloster, Tupelo • (662) 844-4272 2316 Hwy. 45 N. Columbus • (662) 328-7777 1151 D. Frontage Rd. Oxford • (662) 513-0341

www.scrubsandco.com

Document: F022CDF040513.eps;Page: 1;Format:(254.00 x 317.50 mm);Plate: Composite;Date: Apr 03, 2013 11:31:22;JPC 72 DPI

22

BUSINESS JOURNAL

APRIL 2013

Business Directory Moving

Restaurant

Restaurant

The Rib Shack

WE Roast, You Boast • Dining • Carryout • Catering

Call for a Free Estimate

Bronzie Morgan Relocation Specialist

662-842-1120

“The Morgan Family has been moving families like yours for over 50 years”

Paint

203 Commerce St. • Tupelo, MS • 840-1524 fax

Across from BancorpSouth Arena Mon.- Wed. 6:00 am - 6:00 pm • Thu. - Sat. 6:00 am. - Until

Specializing in Ribs & BBQ!

Fried Pickles, Cheese and Sausage Plate, Cheese Steaks, Hoagies, Chicken Salad, Fish, Steaks, Kid Menu, BBQ Nachos, Homemade Desserts and much, much more.

We’re a family owned business and appreciate all of our customers

3061 Tupelo Commons • Tupelo, MS • 840-1700 920 Hwy 72 East • Corinth, MS • 284-4646

Restaurant

Roofing

Party Trays for all Occasions!

W 1101 W. Main • Tupelo 842-3774

Plumbing

Restaurant

HE

EL

ER

RO

INC.

OF

ING

“A Family Business Since 1946”

• Residential • Commercial • Industrial FREE Estimates LICENSED & INSURED

411 CLARK ST. ❖ TUPELO ❖ 844-4481

Technology Achieve greater network per for mance with less.

RH PLUMBING, INC.

It's time to get more performance from your network with far less. As in less bandwidth utilization, fewer resources, and less cost.

Commercial Plumbing, Gas & Industrial Piping RICHARD HANLON (662) 447-3213

P.O. BOX 417 Okolona, MS 38860

Thank you for choosing RH Plumbing. We appreciate your business

Real Estate

499 Gloster Creek Village, Tupelo, MS 38801 Phone: (662) 844-4888 Fax: (662) 844-3006

ADVANCED RESEARCH & DEVELOPMENT FACILITY 1150 SOUTH GREEN ST • BUILDING 1, SUITE E • TUPELO,MS 662-821-2500 • www.circadence.com

Restaurant

at

Tobacco & Beer 2 LOCATIONS

Monday-Saturday 7 am -10 pm • Sunday 10 am -6 pm

Town Creek Center

2546 Hwy 145 #A Saltillo • 662-869-0086 • Max 2 FREE Kids with Adult Entree • 12 Years and Under

Real Estate

• Drink Not Included • Kid's Menu Only

Tupelo • Tuesdays 3 - 9 pm • 495 S. Gloster • 680-3354 New Albany • Thursdays 5 - 9 pm • 534-2700 Corinth • Tuesdays 4 - 9 pm • 286-9007

Monday-Saturday 7 am -10 pm • Sunday 1 pm -8 pm

Restaurant

Uniforms

204 Starlyn Avenue • New Albany, MS

662-534-4500

Thinking of Selling Your Home or Property?

We Have Six Full-Time Agents Pontotoc Ridge Realty, Ltd. Who Call MOSSY OAK PROPERTIES OFFICE Pontotoc Home. ISEACH INDEPENDENTLY OWNED AND OPERATED

Call Us Today 662-489-2848

Keeping Professional People Looking Professional • Pizza Spaghetti • Salad Bar • Sandwich

365-7059

709 S 4th St. • Baldwyn, MS Mon.-Thurs. 11-10 • Fri.-Sat. 11-11 • Sun. 12-10

795 S. Gloster, Tupelo • (662) 844-4272 2316 Hwy. 45 N. Columbus • (662) 328-7777 1151 D. Frontage Rd. Oxford • (662) 513-0341

www.scrubsandco.com

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22

BUSINESS JOURNAL

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APRIL 2013

23

BUSINESS JOURNAL

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APRIL 2013

23

BUSINESS JOURNAL

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APRIL 2013

23

BUSINESS JOURNAL

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24 APRIL 2013

BUSINESS JOURNAL

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24 APRIL 2013

BUSINESS JOURNAL

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24 APRIL 2013