INSIDE — Q3 performance summaries bring good cheer to state bankers
www.msbusiness.com
Keeping our eye on...
Liz Lancaster As the marketing, promotions and event planning coordinator for Mangia Bene, Lancaster helps channel the creativity and energy of executive partners Dan Blumenthal and Jeff Good into the group’s acclaimed catering service and restaurants Broad Street Bakery, Bravo! and Sal & Mookie’s.
More newsmakers, P 5
Around town {P 8} » Distress sales continue to drag down state’s average home sales price tag Lists {P 12} » Oldest Mississippi-based Architectural Firms » Oldest Historic Places
Inside Biz {P 7} » No fish tales: DMR keeps official record catches
December 6, 2013 • Vol. 35, No. 49 • $1 • 16 pages
Rent a casket? We have a guy just for you ... Furniture seller adds wholesale casket dealership to his business holdings » Page 2
BLACK TELLS ROAD BUILDERS ‘CONGRESS MUST ACT’ BY WALLY NORTHWAY I STAFF WRITER wally.northway@msbusiness.com During the ongoing debate over adequate funding for road and bridge maintenance here in Mississippi, the state’s road builders have pointed to other states and their success in addressing funding shortfalls. The Mississippi Road Builders Association has been asking — if they can do it, why not the Magnolia State? At its Membership Luncheon held last week in Jackson, the MRBA brought in an official who perhaps is most able to address that question.
Alison Premo Black, chief economist with the American Road & Transportation Builders Association (ARTBA), was the featured speaker at the event that drew approximately 160 attendees. Black, who joined ARTBA in 2000 as a research economist, was promoted to senior economist last January. She manages all staff activities in the association’s economics program and is responsible for numerous studies examining national and state transportation funding and investment patterns, including a landmark economic profile of the transportation construction industry. Black offered statistics showing the importance of construction to See ROAD BUILDERS, Page 7
MBJ FOCUS: Architects & Engineers
Historic Round Island lighthouse restored in Pascagoula Page 9
2 I Mississippi Business Journal I December 6, 2013 IN THE BUSINESS
Furniture seller adds wholesale casket dealership to business holdings By LISA MONTI I CONTRIBUTOR mbj@msbusiness.com
F OR OR S LE AL AS E E
Gulfport businessman Jeff Savarese saw the economy take a toll on his Unfinished Furniture Showcase sales over the last few years. So when a friend he saw at an Ohio furniture convention told him about his casket business, Savarese saw an opportunity. “The economy’s been brutal so I thought it would be something different to try down here,” said Savarese, who also owns a business that sweeps shopping center parking lots at night. “You don’t have to buy furniture but you have to die. There’s no two ways about it. Your time comes, you’re going,” he said. An aging generation was another factor Savarese opened Pearly Gates Casket Co. wholesale business about three years ago. “The baby boomers, which is a huge segment, is getting older now,” said the 61-year-old Savarese. “Most of them are into their 70s and we’ve got a big spike coming up of people who are going to be dying.” Eighty percent of the caskets Savarese sells are made in Alabama and the rest are imported from China. He sells them to funeral homes around South Mississippi, southern Alabama and on occasion in Louisiana. He said he isn’t aware of another casket wholesaler in the Mississippi Coast region.
He would not reveal his sales figures but said funeral homes sell the caskets for around $2,000 up to $10,000. He places an order with the manufacturers once a month. ”We’ll have on hand 150 to 250,” he said. Savarese said most caskets he sells are made of metal with about five percent made of wood. Pearly Gates will add some detail work by request. “We will paint it a certain way or get a special color,” he said. Sometimes there are requests for the panels inside the casket to be customized with a photo or wordings. Caskets come in various sizes, and the standard is 25 inches wide. “Forty-four inches is the largest we ever had to use,” he said. Sales of oversized casket are rare, he said. “We sell one oversized for every 30 regular size.” Sales have been holding steady for the last year or so, Savarese said but in general, the economy hit the burial business hard in the last three or four years. “More people are being cremated so they’re using less caskets than they used to,” he said. In response to the increase in cremations, the manufacturers produce reusable rental caskets, which Savarese said he sells on occasion. “The funeral home rents
you the use of that casket if you want to have a wake before cremation. The inserts and everything are taken out and new ones are put in for the next person.” Savarese said he’s aware that funeral related businesses such as his might make some people uncomfortable and said being around a warehouse filled with rows of caskets was a little unsettling. “Yes, it is sort of strange,” he said. “At first I had to get used to caskets being around but you get used to it. Now it’s like a piece of furniture.” Savarese keeps an appropriately respectful attitude about his Pearly Gates business, which has three employees. But he said he is looking for one more special hire. “We’re just trying to find somebody named Peter to answer the phone,” he said. “We just haven’t found anybody yet.”
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December 6, 2013
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Mississippi Business Journal
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ON THE FINANCIAL SIDE
There are primary changes in Social Security for 2014 The Social Security Administration (SSA) has recently announced that Social Security and SSI beneficiaries will receive a 1.5 percent cost-of-living (COLA) adjustment for 2014. According to the SSA's announcement, after the COLA adjustment, the estimated average retirement benefit will rise from $1,275 in 2013 to $1,294 in 2014. Here are the other primary changes to Social Security in the year ahead: » The Centers for Medicare & Medicaid Services (CMS) has also announced next year's Medicare costs. The standard monthly Medicare Part B premium will be $104.90 in 2014, the same as in 2013. However, beneficiaries with higher incomes (individuals with taxable incomes of more than $85,000 and couples with taxable incomes of more than $170,000) will pay more than $104.90 per month because they must pay an income-related surcharge. Other important Social Security and Medicare figures are listed below. » Pertaining to Social Security benefits, the amount of taxable earnings subject to the Social Security tax (called the maximum taxable earnings limit) will increase to $117,000 from $113,700 in 2013. » The annual retirement earnings test exempt amount for beneficiaries under full retirement age will increase to $15,480 from $15,120 in 2013. If a beneficiary has earnings that exceed the exempt amount, $1 in benefits will be withheld for every $2 in earnings above the exempt amount. » The annual retirement earnings test exempt amount that applies during the year a beneficiary reaches full retirement age will increase to $41,400 from $40,080 in 2013. If a beneficiary has earnings that exceed this amount, $1 in benefits will be withheld for every $3 in earnings above the exempt amount. »The amount of earnings needed to earn one Social Security credit will increase to $1,200 from $1,160 in 2013. Here are the changes to Medicare for the year ahead: » The Medicare Part B deductible for next year will be $147 -same as in 2013. » The monthly Medicare Part A premium for those who need to buy coverage will cost up to $426, down from $441 in 2013. However, most people don't pay a premium for Medicare Part A. » The Medicare Part A deductible for inpatient hospitalization will be $1,216, up from $1,184 in 2013. Beneficiaries will pay an additional daily co-insurance amount of $304 for days 61 through 90, up from $296 in 2013, and $608 for stays beyond 90 days, up from $592 in 2013. Additionally, Beneficiaries in skilled nursing facilities will pay a daily co-insurance amount of $152 for days 21. There is no question today that Social Security and Medicare are a key financial component to the financial lives of millions of Americans particularly as it relates to retirement issues. This issue is particularly important here in the Mississippi Delta for those already retired. Two thoughts, however, come to mind with this: First; for those looking to retire soon, adequate preparation requires a lot more than just reliance on social security and two, you may live a lot longer than you think. This Month’s Parting Shot: There was an interesting article recently published as to the state of big time college football today and, in particular, the compensation of head coaches with major football programs. According to USA Today, the average pay for a major-college head coach is $1.81 million — a rise of 10 percent alone since last season and more than 90 percent since 2006. Among Division 1 FBS (Football Bowl Subdivisions) schools, median athletic spending per student-athletes increased 51 percent from 2005 through 2010 while median academic spending per
student rose by 23 percent in the same period. Nick Saban of Alabama reportedly is the highest paid major college head football coach at $5.5 million per year. Interestingly, every head coach at SEC public Universities is paid at least $2 million per year (this excludes Vanderbilt, a private school, which does not have to disclose what it pays its head football coach). As a point of comparison, Johnny Vaught, who coached at Ole Miss and enjoyed a great deal of
success from 1947 to the early 1970’s, never earned more than $35,000. Information provided is general in nature and not intended as specific financial advice Ike S. Trotter, CLU, ChFC is a credentialed Financial Advisor in Greenville. Securities and Investment Advisory Services provided through Woodbury Financial Services, Inc., Member: FINRA, SIPC and
Registered Investment Advisor, PO Box 64284, St. Paul, MN 55164. Tel: Ike Trotter 800.800-2638. Some content provided Broadridge Financial Solutions, Inc., IKE TROTTER AGENCY, LLC and Woodbury Financial Services, Inc. are not affiliated entities.
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MBJPERSPECTIVE December 6, 2013 • www.msbusiness.com • Page 4
» RICKY NOBILE
Website: www.msbusiness.com December61, 2013 Volume 35, Number 49
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3. a — Answer b will connect to a financial services firm, answer c to a charitable organization and answer c to the Mississippi Development Authority, which is a state agency.
A year-end quiz Soon it will be a new year, a time when individuals and organizations of all type look ahead and ponder what their goals will be for the coming year. Before doing so, it is a good idea to take stock of where we are now. In this column we will do that by reviewing a potpourri of information about Mississippi. Just for fun, let’s do it in the form of a short quiz. Good luck and have fun. 1. Which is NOT one of Mississippi’s target industries? a. aerospace; b. automotive; c. financial services; d. health care 2. Which state agency regulates charities? a. Attorney General’s Office; b. Department of Finance; c. Mississippi Board of Public Accountancy; d. Secretary of State’s Office 3. Which of the following is Mississippi’s official state website? a. ms.gov; b. www.ms.com; c. ms.org; d. mississippi.org 4. Which county in Mississippi had the highest number of employed persons in October 2013? a. DeSoto; b. Hancock; c. Harrison; d. Hinds 5. Which county in Mississippi had the least number of employed persons (550) in October 2013? a. Alcorn; b. Greene; c. Issaquena; d. Wilkinson 6. Which county had the highest average annual wage in 2011,
4. d — According to the Mississippi Department of Employment Security, Hinds County had 106,950 employed persons at that time.
according to the Mississippi Department of Employment Security? a. Claiborne; b. Hinds; c. Madison; d. Rankin
Phil Hardwick
7. Which county had the lowest average annual wage in 2011? a. Claiborne; b. Hinds; c. Issaquena; d. Wilkinson
8. Which county had the highest per capita income in 2011? a. Hinds; b. Madison; c. Rankin; d. Stone 9. Which county had the lowest per capita income in 2011? a. Benton; b. Greene; c. Issaquena; d. Tallahatchie 10. Which county has the most college graduates in 2010? a. Hinds; b. Madison; c. Rankin; d. Stone ANSWERS: 1. c — According to the Mississippi Development Authority website the following are Mississippi’s targeted industries: Advanced Manufacturing, Aerospace, Agribusness, Automotive, Energy, Healthcare and Shipbuilding 2. d — Secretary of State’s Office
5. c 6. a — Average annual wage, which is not to be confused with per capita income, is highest in Claiborne County at $50,149. It is noted that the Grand Gulf Nuclear facility is located in that county. The average annual wage for the state in 2011 was $34,280. 7. c — Issaquena’s average annual wage in 2011 was $22,712 8. b — Madison County’s per capita income of $50,233 led the state, which had a per capita income of $32,000 in 2011. 9. a — Benton County at $22,063. 10. b — Madison County had 42.6%. Overall, Mississippi had 19.5 percent, compared to the United States rate at 31.1 percent.
Phil Hardwick is coordinator of capacity development at the John C. Stennis Institute of Government. Pease contact Hardwick at phil@philhardwick.com.
NEWSMAKERS
December 6, 2013
Profiles of growing young professionals in Mississippi
Renasant Bank has made several officer promotions. Yolanda Wooten has been with Renasant since 2011, serving in the position of vice president and branch manager, and has been in banking for 38 years. In her new role with the Renasant, she will be responsible for the management of operations for the bank’s Starkville region. Wooten attended the Mississippi School of Banking and the School of Bank Bell Marketing and Management in Boulder, Colo., and has completed the certificate program with the Mississippi Bankers Association. She contributes to her community through organizations such as the Greater Starkville Development Partnership and as the Bank’s representative in the Starkville Main Woodson Street Association. Loren Zimmerman recently joined Renasant as a senior vice president and business development officer for the bank’s Starkville market. Zimmerman attended Mississippi State University, graduating with a bachelor’s degree in general business. He is also a graduate of the American Bankers Asso- Zimmerman ciation School of Banking at LSU and the ABA Commercial Lending School at the University of Oklahoma. Zimmerman contributes to his community through organizations such as the Rotary Club of Starkville. Gene Bell was promoted to vice president and commercial relationship officer for Grenada. Bell has been with Renasant since 2008, serving in the position of assistant vice president. Prior to joining Renasant, Bell was self-employed as a realtor with Coldwell Banker Landmark Realty. Bell attended Delta State University, graduating with a bachelor of business administration. He currently attends the Mississippi School of Banking at Ole Miss.
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Mangia Bene Restaurant Management Group
group, Dollars & Sense Creative Consulting. “If you know Jeff Good, you know that working with him is always exciting and fast-paced,” Lancaster says. “I love sitting around a table with other creatives to discuss ideas and thoughts.” Lancaster has volunteered and served on the boards of the Friends of the USA International Ballet Competition, Fondren’s Zippity Doo Dah Parade, Habitat for Humanity and the Women’s Fund. “I have many people my age looking for jobs right now. What I’ve been telling them is network, network, network,” Lancaster advises young professionals. “I got my job by Facebook messaging Jeff Good; you never know what connections you can find online.” In her spare time, Lancaster enjoys wine tasting, reading, watching old movies and spending time with her Labradoodle, Olive.
— By Stephen McDill
Renasant gets new officers Herrington joins staff
Mississippi Business Journal
Age: 24 Marketing Manager,
Keeping our eye on... LIZ LANCASTER While she doesn’t prepare and serve the food, Liz Lancaster still has a seat at Mississippi’s dining room table. As the marketing, promotions and event planning coordinator for Mangia Bene, Lancaster helps channel the creativity and energy of executive partners Dan Blumenthal and Jeff Good into the group’s acclaimed catering service and restaurants Broad Street Bakery, Bravo! and Sal & Mookie’s. Born in Jackson and raised in Corinth, Lancaster earned a BA in communications from Millsaps College in 2011 and interned with Chef Tom Ramsey, Mississippi Magazine and Premier Bride Magazine. “I love getting a front row seat in the culinary world and this new foodie culture,” Lancaster says. “I don’t think there is anything more intimate and relaxing than sitting around the kitchen with good food, good wine and good friends.” Lancaster also oversees marketing for Good’s business consulting
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Best thing about Mississippi: “People in Mississippi really are so kind and genuine.” Favorite Mississippi food: Cheese grits Favorite hangout spot: Anywhere in Fondren Favorite TV show: “The West Wing” Favorite movie: “You’ve Got Mail” Favorite music: Diana Krall First job ever: Waldron Street Marketing Twitter handle: @lizlan3889 Read the full biography at www.msbusiness.com
Bryant taps Nichols
Ford-Kee takes over as AD
Singing River Health System welcomes Elizabeth Herrington, DO, oncologist, to the community. Herrington received her medical degree from Kansas City University of Medicine. She performed an internal medicine residency at University of Mississippi Medical Center. She also completed a hematology/oncology fellowship at the University of Mississippi. She is board certified in internal medicine and board eligible in medical Herrington oncology and hematology. Herrington is now accepting patients at the Regional Cancer Center, a part of Singing River Health System, with offices in Pascagoula and Ocean Springs.
Alcorn State University’s assistant vice president for educational and community partnerships Dr. Ruth R. Nichols has been appointed by Gov. Phil Bryant as a member of the 2013-2014 Delta Leadership Institute Executive Academy. Nichols will be one out of a class of 50 who meet seven times each year. The class explores issues in the Delta region and travels to Washington, D.C. to learn about policy development and advocacy. Nichols joined the Alcorn staff in 2009. She began her education career teaching kindergarten in Vidalia, La., and she’s spent most of her 30-year education career in university leadership roles. She earned degrees from Copiah-Lincoln Community College, the University of Southern Mississippi and Clemson University. Before coming to Alcorn, she held several high-ranking positions at North Georgia Technical College.
Firm welcomes Bailey
Firm hires Duhe, Huggins
Butler Snow Advisory Services has added Jimmy Bailey as its newest director. Bailey brings with him more than 20 years of experience in corporate development, budgeting and planning, project management and pricing and financial analysis. Prior to joining BSAS, Bailey served in various roles within the wireless communication and finance industries. His experience includes serving as the director of product pricing and proposals as well as corporate development roles for SmartSynch Inc. He also served as a senior manager of finance and sales compensation for SkyTel Corporation. Before joining SkyTel, he served as a financial consultant for Merrill Lynch. Bailey earned his bachelor’s degree in business administration with an emphasis in banking and finance from Mississippi State University and is also a certified financial manager.
Neel-Schaffer has hired Jonathan Duhe and Warren Huggins as engineers in training in the firm’s Louisiana operation. Duhe is working in the traffic division in Neel-Schaffer’s Baton Rouge office. He graduated from the University of Louisiana at Lafayette in 2011 with a bachelor’s degree in civil engineering. The Lutcher, La., native worked for the Louisiana Department of Transportation and Development be- Duhe fore joining Neel-Schaffer. Duhe worked six months for the LADOTD in district design. He joined Neel-Schaffer for a chance to work in traffic engineering. Huggins is a civil design engineer in Neel-Schaffer’s Mandeville office. He graduated from Mississippi State Univer- Huggins sity in 2012 with a bachelor’s degree in civil and environmental engineering. The Clarksdale native worked for Haliburton before joining Neel-Schaffer. He also worked as an intern in NeelSchaffer’s office in Ridgeland.
Mississippi Valley State University has named Dianthia Ford-Kee as the new director of athletics. Previously, Ford-Kee served five years as the director of athletics at Lincoln University of Pennsylvania. She came to Lincoln from Shaw University where she spent 18 years working in athletic administration and coaching. FordKee was named the National Association of Collegiate Women Athletic Administrators Ford-Kee (NACWAA) - NCAA Division II Female Athletic Administrator of the Year in 2006 while serving as Shaw’s associate athletic director and senior woman administrator. Ford-Kee has been appointed to serve on the NCAA Minority Opportunity & Interest Committee and the CIAA Executive Committee as the vice president for the Northern Division. She currently serves on the NCAA Division II Project Team to Review Issues Related to Diversity and the NCAA DII Strategic Alliance Matching Grant Selection, NCAA DII Women’s Basketball Atlantic Regional Advisory Committee, Oxford Area Chamber of Commerce and Southern Chester County Chamber of Commerce. Previous committee service includes NCAA Division II Management Council as the CIAA Conference representative from 1999-2005 and Committee on Women’s Athletics, Division II Nominating Committee. She earned her bachelor of arts degree in business administration from Fayetteville State University in 1982 and a master’s degree in public affairs from Northern Illinois University in 1984.
White-Johnson earns award Freddie White-Johnson, program director of the Mississippi Network for Cancer Control and Prevention at the University of Southern Mississippi, has been recognized as a 2013 Rural Health Champion by the University of Mississippi Medical Center. WhiteJohnson also serves as founder and president of the Fannie Lou Hamer Cancer Foundation, a non-profit organization that offers financial support and other resources to bolster the Network’s efforts.
Malouf wins award Alex Malouf, CEO and chairman of the board of John-Richard, has received the 2013 Tozzoli International Business Award for excellence in the development of international business leadership. With roots in Mississippi and a strong loyalty to his hometown economy, Malouf continues to manage his global business from Malouf Greenwood, providing employment locally for close to 200 people.
6 I Mississippi Business Journal I December 6, 2013 BANKING AND FINANCE
Q3 performance summaries bring good cheer to Mississippi bankers » Nationally, banks saw drops in income, operating revenue, FDIC reports By TED CARTER I STAFF WRITER ted.carter@msbusiness.com
Mississippi's 86 FDIC-insured financial institutions turned profits in a third quarter that brought continued increases in net income, total assets and lending. Some good trends are developing – especially when weighed against the trouble and strife as recently as three years ago, said Odean Busby, chairman and CEO of Magee-based Priority One Bank and chairman of the Mississippi Bankers Association “There's generally a positive feeling among bankers in the state all the way up and down,” he said. Much of that comes from the fact they're finally making money, Busby noted. In 2011's third quarter 8.9 9 percent of Mississippi's FDIC-insured institutions lost money. Of the state's small banks with assets under $100 million, 31 percent finished the third quarter of 2011 in the red. Those Mississippi banks with assets above $100 million fared much better in Q3 2011, with only 1.49 percent of them failing to make money. Those blank spaces under “Percent of Unprofitable Institutions” on the FDIC's Q3 Mississippi summary are an indication “things are improving pretty dramatically from where we were at the end of 2011,” Busby said. Net income climbed $83 million over the third quarter of 2011, while total assets rose $3.4 billion. “That's a huge increase,” Busby said of the rise in assets. Meanwhile, positive feelings aren't flowing as strongly among bankers nationally. FDIC third quarter performance summaries showed a net income of $36 billion, a drop of $1.5 billion from the same quarter a year ago. Further, net operating revenue — the sum of total non-interest income and net interest income — declined by $6.1 billion (3.6 percent) from third quarter 2012, according to the FDIC Q3 summary released last week. Non-interest income finished $4.7 billion (7.4 percent) lower, as income from sale, securitization, and servicing of 1-to-4 family mortgage loans at major mortgage lenders fell by $4 billion (45.2 percent), the FDIC said. The American Bankers Association attributed the revenue declines to rising interest rates causing a “near disappearance of mortgage refinancing” and a “significant pullback” in mortgage originations.
The national front could worsen, said James Chessen, ABA chief economist, if continued fiscal and policy uncertainty makes businesses and individuals more reluctant to borrow. He repeated the often heard banker lament that Busby banks have plenty of money to lend businesses but too few takers. “Lackluster loan demand, not the supply of credit, is limiting the pace of small business lending,” Chessen said. FDIC Chairman Martin Gruenberg delivered a more upbeat Q3 assessment, though he did acknowledge the reduction in mortgage lending caused by increases in
previous quarters continued in the third quarter, he noted. “Fewer institutions reported quarterly losses, lending grew at a modest pace, credit quality continued to improve, more banks came off the 'Problem List,' and fewer banks failed,” Gruenberg said. In his Mississippi assessment, MBA Chairman Busby said the state's banks are countering “all the talk about low loan demand” and cited a $1.7 billion increase in loans and leases over the third quarter of 2011 as proof. Banks are also generating more money for lending through reductions in real estate owned, or REO, assets. That category shrunk from $695 million in Q3 2011 to $509 million in the most recent quarter, according to the FDIC summary.
among the state's banks,” Busby said. The longtime community bank executive also noted the decline in the percentage of bad loans in the recent quarter compared to the previous two years. Noncurrent loans and leases fell to 2.03 percent of total loans in the last quarter. At the close of third quarter 2011, tardy loans and leases made up 2.69 percent of the total; in Q3 2012, they made up 2.72 percent. Accordingly, the state's banks have lowered their loan loss reserves to 1.54 percent of the total. Loan loss allowances in the third quarter last year totaled 1.70 percent and 1.79 percent in 2011's third quarter. That decline in loan loss reserves “is a very strong” positive, Busby noted. “Everything you see is pretty much positive,” he said of the FDIC summary. Those positives include: Increases in Mississippi banking employment from 17,234 in Q3 2011 to 17, 713 in the last quarter; Increases in earning assets from $52 billion in Q3 2011 to $55 billion in the last quarter; Decreases in the cost of funding earning assets from 0.88 percent of total costs in
STATE BANKING PERFORMANCE SUMMARY FDIC-INSURED INSTITUTIONS All Insured Institutions Mississippi September 30, 2011 All Institutions Number of institutions reporting Total employees (full-time equivalent)
Assets less than $100M
Assets greater than $100M
All Insured Institutions Mississippi September 30, 2012 All Institutions
Assets less than $100M
Assets greater than $100M
All Insured Institutions Mississippi September 30, 2013 All Institutions
Assets less than $100M
Assets greater than $100M
86 17,713
16 298
70 17,415
87 17,619
18 383
69 17,236
89 17,234
22 471
67 16,763
404 62,490 55,002 38,734 509 51,591 6,878
7 975 865 476 7 852 112
396 61,515 54,137 38,258 502 50,739 6,767
401 59,776 52,964 37,393 625 48,698 6,819
8 1,185 1,059 603 11 1,027 143
393 58,591 51,905 36,790 614 47,670 6,676
321 59,079 52,071 36,994 695 48,424 6,526
-1 1,488 1,322 838 18 1,306 161
323 57,592 50,749 36,156 677 47,119 6,365
Yield on earning assets Cost of funding earning assets Net interest margin
4.26 0.43 3.83
4.36 0.53 3.83
4.26 0.43 3.83
4.59 0.61 3.98
4.69 0.67 4.03
4.59 0.61 3.98
4.79 0.88 3.91
5.06 1.05 4.00
4.78 0.87 3.91
Noncurrent loans & leases to total loans & lease Nonperforming assets to assets Core deposits to total liabilities Equity capital to total assets Core capital (leverage) ratio Total capital to risk-weighted assets Gross 1-4 family mortgages to gross assets Gross real estate assets to gross assets
2.03 2.16 79.02 11.01 9.76 14.85 17.91 57.45
2.11 2.11 75.71 11.47 11.85 22.36 18.30 43.57
2.03 2.16 79.07 11.00 9.73 14.75 17.90 57.67
2.72 2.84 77.10 11.41 9.87 15.33 18.50 58.01
2.05 2.44 74.77 12.10 11.90 21.96 18.25 45.03
2.73 2.84 77.15 11.39 9.83 15.22 18.51 58.27
2.69 2.94 75.34 11.05 9.40 14.89 18.45 58.77
1.83 2.62 71.99 10.83 10.74 18.52 23.52 50.60
2.71 2.95 75.42 11.05 9.37 14.80 18.32 58.98
AGGREGATE CONDITION & INCOME DATA Net income (year-to-date) Total assets Earning assets Total loans & leases Other real estate owned Total deposits Equity capital
PERFORMANCE RATIOS (YTD, %)
Source: Call Report and Thrift Financial Report – Prepared by the FDIC-Division of Insurance and Research
medium- and long-term interest rates which occurred in the second quarter. “This reduced level of mortgage interest lending led to a $4-billion, year-over-year decline in non-interest income from mortgage activities,” Gruenberg said. Overall, however, most of the positive trends in industry performance seen in
“Now they have that money producing income in the future,” Busby said. Net charge offs declined from 0.85 percent of the total in 2011's third quarter to 0.53 percent in last year's third quarter to 0.27 percent in the recent quarter. “This is another indication there has been positive improvement in the overall quality
Q3 2011, 0.61 percent in Q3 2012 to 0.43 percent in the recent quarter; Increases in total deposits from $48.4 billion in 2011's Q3 to $51.6 billion in the recent quarter; Steady levels of capital on hand, with a third quarter ratio of equity capital to total assets of 11.01 percent.
December 6, 2013
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Mississippi Business Journal
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OUTDOORS AND BUSINESS
No fish tales: DMR keeps official record catches By LISA MONTI I CONTRIBUTOR mbj@msbusiness.com
An angler’s exaggerated tale about the big catch of the day is a well known sideline to the sport of fishing. But when a fisherman captures an official state record, there’s no arguing about the fish’s size. The Mississippi Department of Marine Resources has been verifying the state’s fishing records for years and the range from small to large records can seem as wide as the Gulf. The list of saltwater record holders brought in with conventional tackle stretches from a one-ounce Belted Sandfish up to a Blue Marlin that weighed 1,054 pounds and 9.6 ounces. The fly fishing records range from a Pinfish weighing 13.44 ounces to a Spinner Shark that was 106 pounds and .8 ounces. “The saltwater records came first back in the early ‘60s and then fly fishing in 2002,” said Erick Porche, the biologist who heads up the DMR’s marine recreational information program. Porche sorts through and verifies documentation fishermen submit to determine whether a
fish might be a record maker or breaker. That is in addition to his job leading the federally funded survey of the state’s recreational information program. The records are all listed on the DMR website along with the rules and regulations. When someone hauls in a catch that might be headed for the record books, a quick check of the list and a weigh in get the process going. After an affidavit is submitted to DMR along with photos of the fish, Porche goes to work verifying the catch. He gathers all the monthly records and photos and presents them at the monthly CMR meeting where the commissioners then vote to certify the records. At the November CMR meeting, the commissioners agreed to bestow records on an 11-pound, 3.96-ounce Gray Triggerfish and a 12.64-ounce Spotfin Hogfish, both caught with conventional tackle. Record holders caught with fly fishing tackle were a 9-pound, 7.88-ounce Dolphin and a 26pound, 9-ounce Red Snapper. “The record holders get a nice velum certificate signed by the director that’s suitable for framing and their names will be on the website roster of record holders until it gets
Simmons, D-Cleveland, is currently studying the problem, and proposed a $700-million tax levy Continued from Page 1 earlier this year. However, proposing a new highway tax is a political hot potato that has met with significant opposition, particularly from Mississippi ($1.4 billion economic impact, 37,053 conservatives. And other proposals, such as taking full-time equivalent jobs), and pointed out that a percentage of casino winnings for repairs, have practically every other state in the U.S. faced the gained little or no political traction. same issues as here in Mississippi. Back in June, the Mississippi Business Journal Giving her forecast for 2014, Black predicted published for the first time all of the questionable growing public-private partnerships, a shift from bridges in Mississippi per the National Bridge road to bridge work and more state and local Inventory. The list included more than 2,000 funding initiatives, among others. bridges scattered across the state in both rural and The uncertainty, Black said, remains largely on the federal side. What will happen in Washington urban areas that are the responsibility of county concerning the Highway Trust Fund, and will how and local governments. (The NBI list does not include the 1,054 suspect state bridges — actions there affect the states? structures either closed or posted — that are “Will state DOTs be conservative” when maintained by the Mississippi Department of awarding funding, she asked? “Congress simply Transportation.) must act,” she added. Central District Transportation Commissioner Black said the recent push by the Obama Dick Hall attended the MRBA luncheon, and said administration to increase transportation he doesn’t buy the theory that Mississippi’s infrastructure spending is a plus — a good gauge conservative, GOP-controlled government means of the political will in D.C. to spend on roads and no possibility of a new funding mechanism. Hall bridges. She said that if the $50-billion initiative pointed out that it was Republican President had floundered, it would almost certainly mean Ronald Reagan who signed a federal gasoline tax nothing would happen next year in new hike in 1983. transportation-related appropriations. Hall added as electric/hybrid vehicles become Black’s words come as the state continues to wrestle with adequate funding for road and bridge more popular, hurting gasoline tax revenue, and construction costs continue to rise (up roughly maintenance. At the heart of the issue is the 300 percent since the 1987 state legislation was funding mechanism set in 1987 at 18 cents per gallon of fuel. As construction costs have escalated enacted) that the state is simply finding itself deeper and deeper in a hole when it comes to road and the number of vehicles on the road has and bridge work. increased, the state has run short of money for maintaining the state’s roads and bridges. A Mississippi Senate committee, led by Sen. Willie
broken,” Porche said. The Ocean Springs native’s biology background comes through as he reads off the scientific names for the record breakers. (Red snapper is Lutjanus campechanus.) After graduating from the University of South Alabama he went to work with the Louisiana Wildlife and Fisheries Department. He joined DMR in 1999. Porche said people would be surprised at the number of fish species he runs across in the course of record checking and surveying state waters. Everyone thinks of sharks and tuna but, he said, there’s also the record breaking but obscure Gulf Toadfish. “It’s hardly a monumental catch but it’s a cool little fish.” One that surprised Porche was a record Bonefish. “It was all of four ounces, caught on a grass flat at Horn Island. I didn’t think they existed here.” Other unusual species in the record books are the Pompano Dolphin and the Black Driftfish, which he described as “an obscure little offshore species.” Said Porche, “I enjoy seeing those come in. It tests my knowledge of biology and it’s a reminder that there are a lot more in
the Gulf than the 10 or 12 species people think of.” Some catches are so seldom seen that identifying them is a challenge “It puts me to work as a biologist. That’s when I’ve got to pull out the book and figure out what I’m looking at.” Porche said he’s never been completely stumped by a mysterious fish but has asked for help. “I’ve had to call in other experts on occasions like (former DMR employee) Buck Buchanan and Jim Franks at the Gulf Coast Research Lab. If I get really really stumped I'll say, ‘Is that what this is?’” Record keeping aside, Porche also works with five others at DMR interviewing fishermen as they come back to the docks and from piers or charters to keep track of what’s being caught. DMR manages red drum, spotted sea trout and the Southern flounder. Red snapper are managed by the federal government. “We’ve got guys out there seven days a week, 52 weeks a year,” he said. Unfortunately for Porche, he said, “I don’t get to go fish anywhere. I watch other people fish.”
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8 I Mississippi Business Journal I December 6, 2013 MANUFACTURING
REAL ESTATE
Distress sale continues to drag down state’s average home sale price tag JACKSON — Mississippi’s October home prices climbed only 1.9 percent over October 2012. But once distressed sales are removed from the calculation, the state’s average home price climbs by 6 percent over the previous October, says CoreLogic, a California-based residential property information, analytics and services provider. CoreLogic’s statewide totals that include shortsales and foreclosure sales are slightly more favorable than totals for the nine-county metro area included in a survey for October by the Jackson Association of Realtors. The association’s metro survey showed an average sale price drop of 1 percent from the October periods, going from $159,314 to $157,751. The year-to-date average sale price climbed by 2.4 for the association’s survey counties of Hinds, Madison, Rankin, Simpson, Scott, Leake, Yazoo, Copiah and Attala, the association says. The survey found a year-to-date increase of 4.8 percent for Hinds, Madison and Rankin counties. Nationally, according to the CoreLogic survey, On a year-over-year basis, excluding distressed sales, home prices increased by 11 percent in October 2013 compared to October 2012. Distressed sales include short sales and real-estate owned (REO) transactions. — Ted Carter, MBJ
ECONOMIC DEVELOPMENT
Matheny named Hernando development chief HERNANDO — Hernando will start 2014 with a new director of community development. The Board of Aldermen on Tuesday night hired Gia Matheny, an administrative assistant for the DeSoto Board of Supervisors. Matheny will succeed Shelly Johnstone, who retired at the end of October. Starting annual salary for the post is $42,500.
GULF COAST
D’Iberville to repay BP grant funding for Expo D’IBERVILLE — D’Iberville must refund more than $1 million of a $3-million BP grant awarded to cover some of the expense of bringing Ocean Expo aquarium to the city. The Mississippi Department of Environmental Quality administered the grant for BP. The agency has spent nine months reviewing the circumstances that led to the firing of city manager Michael Janus and his indictment on federal corruption charges. On Jan. 28, MDEQ issued a stop-work order, a day after an article in the Sun Herald revealed discrepancies in the grant process.
— from staff and MBJ wire services
CertainTeed says $103M settlement won’t hamper Meridian restart BY TED CARTER I STAFF WRITER ted.carter@msbusiness.com Building materials maker CertainTeed says a defective product settlement that leaves the company on the hook for $103 million won’t jeopardize plans to reopen a ceiling materials plant in Meridian in 2014. The Valley Forge-Pa. based CertainTeed says work is on track for a July reopening of the ceiling tile plant the company closed in 2009. The reopened plant will include $24 million in upgrades and will put more than 100 people to work in the next three years, the company says. CertainTeed, a subsidiary of French building supply conglomerate Saint-Gobain, stopped its Meridian production in 2009 during a market downturn, laying off 120 workers at the time. The company cited sluggish commercial building in choosing to close one of its two ceiling tile plants. CertainTeed selected Meridian for the shutdown because the plant there is older than the sister plant in L’Anse, Mich. The company announced in early November that it
would settle a federal class action lawsuit relating to fiber cement siding it manufactured and installed over the last decade. The lawsuit — Michael Patota v. CertainTeed Corp. — charged that CertainTeed began manufacturing “severely defective” WeatherBoards Fiber Cement exterior siding in 2002 using fly ash instead of sand to cash in on “large federal tax breaks.” The suit charged the board did not live up to manufacturer claims of being impervious to moisture. In agreeing to settle, CertainTeed denied it made a defective product and wanted to avoid the time and expense of further litigation. The weather board suit was filed in the U.S. District Court, Northern District of Georgia. Its settlement comes approximately one year after CertainTeed paid several hundred million dollars to settle a federal class action suit claiming defective manufacture of organic roof shingles. The settlement set aside from $400 million to $600 million, with payout totals depending on the number of claims made. Graham Thayer, VP and general manager for CertainTeed Ceilings, said in an email the weather
board settlement will not prevent the company from investing in the Meridian restart. “The settlement regarding our fiber cement siding received preliminary approval after our decision was made to re-open the Meridian facility and in no way will impact the progress we are making to reach our targeted July 1, 2014 re-opening date,” Thayer said. He said the Meridian structure remained in good condition after its closing. “So we are focused on installing new equipment and calibrating the production lines and to be fully operational — manufacturing and shipping our ceiling panel products to customers—by July 1.” Ceiling tiles have been manufactured in the Meridian facility since 1941 throughout various stages of ownership. CertainTeed took over the plant in 2005. The re-started Meridian plant will ramp up slowly but with the $24 million investment in equipment it can expand capacity as demand grows. The return to Meridian will help CertainTeed meet increased demand for its products, especially in the healthcare and educational markets, according to Thayer.
Joint Legislative panel’s $5.86 billion budget leaves 2,000 jobs vacant BY TED CARTER I STAFF WRITER ted.carter@msbusiness.com Who is the big spender here? The tag goes to Gov. Phil Bryant based on his $6.1 billion 2014 spending plan. In fairness to Bryant, Mississippi’s Joint Legislative Budget Committee was aware of an opportunity to undercut the governor and did just that when the Tate Reeves-led panel presented a $5.86 billion budget Tuesday morning. The lower spending includes letting over 2,000 state jobs go unfilled. Lt. Gov. Reeves, chairman of the 14-member Joint Legislative Budget Committee, said the fiscal 2015 budget proposal maintains current agency spending while cutting more than 2,000 vacant positions. The joint committee’s spending plan reflects a $36.3 million increase over last year. Both Bryant and the joint committee propose more money for education and an end to the use of “one-time” money, which includes money from bond issues, for operational expenses. “This budget continues that trend by stopping the practice of issuing debt for recurring repairs, and that is why our proposal allocates $20 million for bridge repair from cash, not bonds,” Reeves said in a press statement that accompanied approval of the joint committee’s budget. The joint committee also recommended $548 million be reserved for increasing the balance of the Rainy Day Fund to an optimal level. The money could go for additional needs in the fiscal l2015 budget or be held for allocation during future budget years. Reducing the use of one-time money for recurring expenses and putting more cash into reserves would help address concerns raised by the Fitch credit rating agency, which said Nov. 5 that it had downgraded Mississippi’s bond rating outlook from stable to negative, the Associated Press reported in November. The state’s bond rating remains AA+, only one step below the highest AAA
level, but the agency warned the rating could be lowered unless officials take steps to shore up state government finances. A lower bond rating would make it more expensive for state government to borrow money. On the education front, the joint committee proposes increasing funding for the Institutions of Higher Learning (2.6 percent), community colleges (3.3 percent) and K-12 General Education (12.9 percent). One highly publicized provision of Bryant’s budget – an additional $4.4 million for the Division of Medicaid – received no mention in the press release accompanying the joint committee’s budget proposal. Bryant said the money, officially known as “disproportionate share” funding, needs to be included to offset cuts in federal money that hospitals in the state receive for treating the uninsured. The cut in federal disproportionate share” funding comes as a consequence of Mississippi’s refusal to expand Medicaid under the federal Affordable Care Act. Mississippi is projected to collect almost $5.4 billion in taxes and fees during FY15. The governor’s budget is built on that estimate, which would be supplemented by money from recurring sources — $373 million from an education enhancement fund and $109.8 million from the annual payment from a tobacco lawsuit settlement that dates back to the late 1990s. The governor also counts on $35 million in additional tax collections because the Department of Revenue is working with a new computer system that makes the collection process more efficient, the Associated Press reported.. Lawmakers typically adopt few suggestions from any governor’s budget, regardless who is in that office and which party controls the House or Senate, according to the Associated Press. Both chambers are Republicancontrolled this term, but that doesn’t guarantee that Bryant will have a large influence over the final spending plan, the AP said. All122Housemembersand52senatorswillvoteonafinal budgetbylateMarchorearlyApril,iftheystayonschedule.
AUTOMOTIVE
Nissan sets a Nov. U.S. sales record Nissan established a November U.S. sales record with 106,528 total deliveries, marking an increase of 10.7 percent over last year’s total of 96,197. Nissan Division set a November record with 93,376 deliveries, a 10.8 percent increase over the prior year. Sales of Infiniti vehicles also set a November record with 13,152 deliveries, up 10.5 percent. Nissan Division has sold 1,035,439 vehicles so far in 2013, up 10.7 percent and exceeding the total for all of 2012. NISSAN HIGHLIGHTS » Nissan division posted a November record with sales of 93,376 units, a gain of 10.8 percent from 84,300 deliveries the prior year. » Sales of the midsize Nissan Altima set a November record at 24,604, up 21.2 percent over the prior year. » Nissan LEAF sales set a November monthly record at 2,003, an increase of 30.1 percent over last year’s strong performance. LEAF deliveries are up 141.1 percent in 2013, establishing monthly records each month since the March debut of the 2013 model. » Nissan Sentra deliveries were up 62.5 percent to 11,664 units on rising consumer demand and better vehicle availability. » Frontier sales increased 54.6 percent in November to 6,003 units. INFINITI HIGHLIGHTS » Infiniti today reported record November sales of 13,152, up 10.5 percent from 11,897 units a year earlier. » The all-new Infiniti Q50 saw deliveries of 5,891 units in November, one of the strongest ever monthly sales of a single Infiniti model. — from staff and MBJ wire services
December 6, 2013 • MISSISSIPPI BUSINESS JOURNAL • www.msbusiness.com
AN MBJ FOCUS:
ARCHITECTS & ENGINEERS
PRESERVATION
Historic Round Island Lighthouse restored in Pascagoula By LYNN LOFTON I CONTRIBUTOR mbj@msbusiness.com
There’s an amazing restoration project underway in Pascagoula. It’s the reconstruction of the historic Round Island Lighthouse. The lighthouse was built on the south side of Round Island — a few miles off the coast of Pascagoula — in 1859 and stood as a beacon of safety for all ships headed toward the southeast Mississippi shore. Through the years the lighthouse was damaged by hurricanes, and in 1998 was toppled by Hurricane Georges. The island’s shifting sands and beach erosion also compromised the lighthouse’s structural integrity as the beach was almost entirely washed away from the base. Following Hurricane Katrina in 2005, only about one third of the structure remained intact on the island. Determined to save the lighthouse, the city of Pascagoula relocated its base and most of the lantern gallery to the mainland. The lighthouse’s new home is at the foot of the Pascagoula River Bridge on Highway 90. It’s the first thing motorists entering the city from that direction see and it’s now protected from storm winds and erosion. Moving the remaining parts of the lighthouse from Round Island to its new home was phase one. Phases two and three included the tedious work of accurate restoration. Compton Engineering of Pascagoula, with Joey Duggan as project manager, has been responsible for research, design and reconstruction. Dan Estes with Compton did the research and says it’s been an exciting project. “It’s a unique project — just the enormity of it,” he said. “The brick base and what was left of the lighthouse were moved. We found that metal lighthouses have been moved but not brick ones like this. It weighs 220 tons and was moved from the island, up the river to its new location in downtown Pascagoula.” According to Robin Wood, public information officer for the city, phase two was the restoration of the lantern gallery, which was done by Precision Products of Moss Point. “This process involved carefully disassembling and salvaging the severely oxidized components that make up the floor, roof and walls of the gallery,” she said. The original sections, consisting of more than 40 pieces, were cleaned, repaired, primed and painted. Then all pieces were reassembled and the completed lantern gallery delivered to the site. In phase three, the exterior brick, doors and window were assembled and the lantern gallery installed. “The lantern gallery on top is the crowning jewel,” Estes said. He says although the exterior work is complete there is still interior work to be completed along with landscaping for the grounds. Currently there are no stairs inside the lighthouse. A fund drive is being led by the Round Island Lighthouse Preservation Society — a 501(c)(3) non-profit organization — to raise money to complete the work. “We hope to raise between $75,000 and $100,000 to provide the finishing touches to this Pascagoula landmark,” Wood said. “It’s a symbol of pride and rich heritage that ties Pascagoula back to its maritime roots.” Funding for the restoration to date has come from the Federal Emergency Management Authority, the Mississippi Department of Archives and History, Community Development Block Grants, Tidelands Grants and local sponsorships and
Photos courtesy of City of Pascagoula
The restoration of the historic Round Island Lighthouse is a multi-phase project. Phase one included moving the 220-ton lighthouse from Round Island to its new site near the U.S. Highway 90 bridge over the Pascagoula River. After being reassembled, work on restoring the exterior of the lighthouse was completed. Leaders are now waiting on funding to finish out the structure’s interior.
10 I Mississippi Business Journal I December 6, 2013
ARCHITECTS & ENGINEERS
PROFILE
Thompson Engineering is full-service firm By LISA MONTI I CONTRIBUTOR mbj@msbusiness.com
Thompson Engineering was founded in 1953 in Mobile, Ala., and now has offices throughout six states in the Southeast, including Mississippi. The company offers a full range of services, including geotechnical engineering, design build construction and civil engineering. “Our specialty is problem solving,” said Don Bates, a vice president of the firm and manager of its Mississippi operations, with offices in Ridgeland, downtown Jackson, Hattiesburg, Biloxi and Moss Point. “We enjoy and embrace solving our client’s problems and offering unique solutions. We really listen to the client and try to think about what’s the most efficient way to do something. We try to look at every situation in a very fresh way.” Greg McKnight, Thompson’s regional marketing director for Mississippi, said the Jackson office opened in 2011 and the Ridgeland office has been open for 14 years. “We are a full engineering firm and we can do anything from working on casinos, to roads and shopping centers. With 320
employees (companywide), we can pretty much do anything.” The company’s work on the water system at Camp McCain Training Center in Grenada was recognized as an exemplary project at the recent annual employee meeting. Among its major projects is the unique coastal engineering design Thompson developed for Beau Rivage Casino in Biloxi, which the company describes as “the largest sea-anchored, semi-submersible barge structure in the world.” After Hurricane Katrina,, Thompson said, “The casino was one of the only Mississippi Gulf Coast casinos left standing and the first to resume business following the storm.” Thompson also designed the 31-slip marina at Beau Rivage and collaborated with Tom Fazio’s golf course designers to create Fallen Oak Golf Course, which is owned by Beau Rivage. Thompson Engineering is a subsidiary of Thompson Holdings Inc., which also owns two related firms: Watermark Design Group, an architectural and interior design firm; and Thompson Consulting Services, a disaster recovery consulting firm. To-
gether, the trio offers a wide range of architectural and engineering services. Thompson, an employee-owned firm, has more than 320 employees. Corporate offices are in Mobile. Thompson also has offices in Montgomery, Ala.; Atlanta; Pensacola and Lady Mary, Fla.; Chattanooga and Knoxville, Tenn.; and New Orleans. The Thompson Holdings Foundation was established in 2004 and named for company founder Vester J. Thompson Jr., The foundation supports efforts to improve the quality of life in the communities served by the Thompson Holdings companies by investing in organizations, programs and activities that “strengthen our social framework, education, and sense of community.” The foundation grants funding requests for education, environmental and cultural resources preservation, health and social welfare, civic and community development and arts and recreation. Bates estimates that in Mississippi the company does about $10 million worth of business a year. “The last two years have not been the best,”
he said. “We’ve had to make some changes and streamline a bit to fit our clients.” He said federal projects and commercial work such as shopping centers and subdivisions have been hit hard, as have transportation projects. “The state and local market has been good, and we do a lot of municipal work,” he said. “And the industrial market is growing in certain regions, but it’s been pretty slow.” Institutional work such as hospitals has been “spotty.” Bates said Thompson’s operations in Mississippi, Louisiana, Alabama and Tennessee are the company’s mainstays. “Fortunately those are financially conservative states so that’s helped us,” he said. A lot of the traditional engineering firm work is slow to return because of the economy but Bates does see opportunity coming from the growth of the natural gas market. “It looks like that’s going to be an industrial boom across the South as the price of natural gas holds steady,” he said. But he isn’t going out on a limb making projections about how the future looks for the economy. “We’re being very conservative in our projections for next year,” he said.
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ARCHITECTS & ENGINEERS
December 6, 2013
I
Mississippi Business Journal
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11
STANDARDS
Good architectural design standards for cities enhance the quality of life and the tax base By BECKY GILLETTE I CONTRIBUTOR mbj@msbusiness.com
While superior architectural standards can make building more expensive, there is a pay off for everyone if the city creates an atmosphere that improves property values and attracts new residents. “Quality, attention to detail and creation of a consistency in improvements that come from strong architectural guidelines preserves the beauty of a place and contributes to protected and enhanced property values, ultimately resulting in a greater return on investment for developers and businesses,” said Charles R. Alexander, AIA, a partner with Dale Partners. “As a city evolves from a village, strong architectural standards help it to retain its desired nature and its character, intending to avoid sprawl by finding a locally based balance. The standards can be as simple as siting for privacy and community or as complex as directing styles, shapes, sizes, massing and colors.” It is important to recognize that strong architectural standards are merely a means to an end. The end in itself is a “vision” of what the city aspires to in the values and principles it wants to espouse. “So, establishing strong architectural standards or guidelines mirrors the vision of a city’s leaders and citizens,” Alexander said. “Goals for strong architectural standards would include upholding property values, maintaining aesthetic appeal, high standards and environmental excellence, and preserving the community’s overall architectural design, quality and integrity.” The growth of the city is better considered as a marathon instead of a sprint, and the ultimate goal is a higher quality of life for its citizens and higher property values. Alexander said this can happen to the simple and charming architecture of shotgun houses in Mid-town, or Katrina cottages in Ocean Springs, or the Cotton District in Starkville. Or it can happen on a grand scale in cities like Washington D.C., New Orleans or Rosemary Beach, or cities like Biloxi and Gulfport working to improve standards after the desolation of Katrina. City leaders should understand that it takes more than requirements written into the zoning codes to achieve success with the architectural design of a city. For example, it doesn’t necessarily improve aesthetics or property values just to require 50 percent of all buildings in a district to be brick. “Just putting brick on the face of a building doesn’t make it better,” said Richard McNeel, AIA, LEED, president of JBHM Architects. “There are a lot of ugly brick buildings. Some communities get this wrong and think it is about materials and
Special to the MBJ
Hernando Mayor Chip Johnson
color. It is about design and character, and that is hard to put in any written document. I’ve worked with a number of cities throughout the Southeast, and some think just having architectural standards in an ordinance will achieve what they want. That in and of itself doesn’t make it better. Many of the people who sit on the boards that review drawings in these communities are wonderful people, but they don’t know anything about architecture. So it becomes very subjective when you have untrained people making decisions about architectural designs.” McNeel recommends that cities work with a consultant trained in architecture and design. Ask for a higher standard, but make sure you are getting the right expertise to make decisions. “Mayor Mary Hawkins Butler has done a good job in Madison,” McNeel said. “She has people advising her on the quality of design. You can’t just write that in a book and presto, have great buildings. Good mayors and city councils recognize that.” One advantage of requiring high standards is if a business leaves the city, the building left behind is marketable to another business. Hernando Mayor Chip Johnson has a recent example of that in his city. “We had a Backyard Burger built to our design guidelines,” Johnson said. “When it went out of business, a Zaxby’s was able to come in and occupy the building within one month. The Zaxby’s owner told me that was the easiest retrofit they have ever done. They just removed the signs and added their own signs.” Hernando is one of the fastest growing cities in the state. It grew 114 percent between 1990 and 2000, and 108 percent from 2000 to 2010. During the boom
years the city was seeing 300 building permits issued per year, and is still issuing about 125 building permits per year. “The standards have really helped us,” Johnson said. “For example, we now have miles of sidewalks in our new residential areas. While our design standards have been in play, we have built a lot of commercial buildings. It has made a huge difference in the quality of life. There is something very calming about good design.” Some of the requirements don’t even cost more money such as white instead of yellow striping in parking lots. They also mandate green space every ten parking spaces so instead of a sea of asphalt, there are inviting landscaped islands. Lighting has to be designed to prevent light pollution off site. Building parapets must be tall enough to hide air conditioning units on the roof. “What it boils down to is we have people driving past stores in their hometown to come to our community to shop,” Johnson said. “What we are doing is creating an atmosphere where people want to shop,
which creates more sales taxes, and a place people want to move to, so our property tax base is stable. You want a quality of life that attracts new residents and employers. We just had a large employer come to our town with few economic development in- Alexander centives. That company moved here because of our quality of life, and those design guidelines are a big part of that.” Design guidelines make a city feel more inviting, and safer. Johnson said while it does cost a little more, Hernando has McNeel made the decision they are planning 30 years out. They want longterm good design. “I’m living in the last home I plan to live in, and I hope to be here another 40 years,” he said. “I don’t want sub standard buildings in my community. I want something nice and viable for our community in 40 years. Most people’s largest investment is in their home, and people don’t want it diminished by poor design standards in the commercial district.”
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Alan Turner, alan.turner@msbusiness.com
601-364-1021 Tami Jones, tami.jones@msbusiness.com
601-364-1011
OLDEST MISSISSIPPI-BASED ARCHITECTURE FIRMS
12 I Mississippi Business Journal I December 6, 2013 Firm
Address
Phone
Website
Year Founded
Landry & Lewis Architects, P.A.
5211 Old Hwy. 11, Hattiesburg, MS 39402
(601) 271-7711
www.landryandlewis.com
1928
Canizaro Cawthon Davis
129 S. President St., Jackson, MS 39201-3605
(601) 948-7337
www.ccdarchitects.com
1938
Archer Architects
717 Front St. Ext., Meridian, MS 39301
(601) 483-4873
N/A
1947
Dean & Dean/Associates Architects, P.A.
4400 Old Canton Rd., Highland Bluff, Ste. 200, Jackson, MS 39211-5922 (601) 939-7717
www.deandean.com
1949
Brumfield Ward & Associates Architects, P.A.
1030 Northpark Dr., Ste. B, Ridgeland, MS 39157
(601) 982-0341
www.brumfieldward.com
1952
Eley Guild Hardy Architects
1091 Tommy Munro Dr., Biloxi, MS 39532
(228) 594-2323
www.eleyguildhardy.com
1953
Barlow Eddy Jenkins, P.A.
1530 N. State St., Jackson, MS 39202-1699
(601) 352-8377
www.bejarch.com
1958
Cooke Douglass Farr Lemons Architects & Engineers, P.A. 3100 N. State St., Ste. 200, Jackson, MS 39216
(601) 366-3110
www.cdfl.com
1961
Allred Architectural Group
810 Iberville Dr., Ocean Springs, MS 39564
(228) 762-1975
www.allredarchitecturalgroup.com
1961
JH&H Architects Planners Interiors, P.A.
1047 N. Flowood Dr., Flowood, MS 39232-9533
(601) 948-4601
www.jhharchitects.com
1964
JBHM Architects
308 E. Pearl St., Ste. 300, Jackson, MS 39201
(601) 352-2699
www.jbhm.com
1970
Robert Parker Adams, Architect, P.A.
219 N. Lamar St., Jackson, MS 39201
(601) 948-7722
www.robertparkeradams.com
1970
Jones-Zander, Ltd.
1500 Gate Way, Grenada, MS 38901
(662) 226-7115
www.jones-zander.com
1973
Foil-Wyatt Architects
1510 N. State St., Ste. 400, Jackson, MS 39202-1647
(601) 352-3071
www.foilwyatt.com
1977
ArchitectureSouth, P.A.
330 W. Jefferson St., Tupelo, MS 38804-3936
(662) 844-5843www.architecturesouth.com (under construction) 1978
The McCarty Company - Design Group, P.A.
533 W. Main St., Tupelo, MS 38804
(662) 844-4400
www.mccartycompany.com
1983
Source: Responses from individual firms and other reliable sources. All firms are headquartered in Mississippi. For questions or comments, contact Wally Northway at research@msbusiness.com.
OLDEST HISTORIC PLACES Property
Location
Date Registered
Richmond
Natchez
c.1785
Auburn
Natchez
1812
Hope Farm (Hope Villa)
Natchez
c.1790
Blantonia
Lorman
c.1812
Belvidere (Airlie)
Natchez
1793
Holly Grove Plantation
Centreville
c.1812
King's Tavern
Natchez
c.1795-1800
Mercer-Laird House
Natchez
c.1815
Site of Fort Adams
Fort Adams
1799
Reedland (Linden)
Natchez
c.1815
Texada (Texada Tavern, Old Spanish House)
Natchez
c.1799
Routhland
Natchez
c.1815
House on Ellicott's Hill (Connelly's Tavern)
Natchez
c.1800
Smithland Plantation
Natchez
c.1815
Jefferson College
Washington
1802
Pecan Grove
Church Hill
c.1817
Site of Fort Dearborn
Washington
c.1803
General John Quitman House (Monmouth)
Natchez
1818
Winthrop Sargent House (Bellevue, Gloucester)
Natchez
c.1803
Site of Elizabeth Female Academy
Washington
1818
The Elms
Natchez
c.1805
The Briars
Natchez
c.1818
Springfield
Church Hill
c.1806
Arlington
Natchez
c.1819
Mistletoe
Natchez
c.1807
Branch Banking House (Bank of Mississippi, Wilkinson County Museum-African American Cultural Center) Woodville
Assembly Hall (DeFrance House, Fletcher's Tavern) Washington
c.1808
Cowles Mead House (Meadvilla)
Washington
c.1808
Rosemont
Woodville
1810
Salisbury (Shepherd House)
Woodville
c.1811
Selma Plantation House
Washington
c.1811
Source: Mississippi Department of Archives and History, Please direct questions and comments to Wally Northway at research@msbusiness.com.
Property
Location
Date Registered
1819
Bedford Plantation House
Washington
c.1820
Glen Oaks (Kimbrough House)
Bay St. Louis
c.1820
Hawthorne Place (Hawthorne)
Natchez
c.1820
Railey House (Oakland)
Natchez
c.1820
Saragossa
Natchez
c.1820
INCORPORATIONS September 2013 Incorporations This is the September 2013 list of the state’s newly incorporated businesses from the Secretary of State’s Office. Listed are towns from New Hebron to Yazoo City. Listings include business name, type, date formed and location. Addresses reflect legal entity for service of process, not necessarily the new business entities’ operating address.
New Hebron Bulk Transportation, LLC LLC 9/25/13 162 Johnnie Scott Dr. Gary Workman Properties LLC LLC 9/3/13 412 Main Ave
Newton Rochelle LLC 9/5/13
LLC 113 South Frontage Rd
Noxapater Hands on Outreach NP 9/16/13 366 Bud Darby Rd
Ocean Springs 2 Smartt Management, LLC LLC 9/12/13 1201 Washington Ave Aero-Springs, LLC LLC 9/11/13 618 Rue Maupesant Auto Claim Resolutions dba OTH 9/5/13 1217 Ash St Azalea Pharmacy LLC LLC 9/23/13 1019 Government Street Ste F Biloxi Bay, LLC LLC 9/12/13 1406 Bienville Blvd., Suite 101 Carter and Jordan, PLLC PLLC 9/20/13 1101 Iberville Drive Chad Tapper dba OTH 9/5/13 1217 Ash St Coast Security Group LLC LLC 9/23/13 2500 Poticaw Bayou Rd Coastal Home Repair LLC LLC 9/9/13 1205 Magnolia Street Concinnity LLC LLC 9/16/13 307 Shearwater Drive DJMF Investments LLC LLC 9/20/13 2953 Bienville Blvd. #203 Ecigworks.net of MS, LLC LLC 9/4/13 1508 Government St Freedom Fitness, LLC LLC 9/23/13 105 Pine Drive Harlan Enterprise LLC LLC 9/11/13 6679 Cortez Circle J’s Next Generation of Youth 2415 (J’s Next 2415) NP 9/13/13 1004 Pelican Cove My Advertising Pays L.L.C. LLC 9/13/13 7213 Bayou Landing Dr RL Davis Consulting LLC LLC 9/9/13 11401 Jordan Rd Rodriguez-Sanchez Flooring LLC LLC 9/25/13 10245 Lake Forest Dr Rolmar, LLC LLC 9/6/13 429 Porter Avenue Southern Beverage Importers Co. BUS 9/26/13 201 Dominion Dr Storm Offshore Productions L.L.C.LLC 9/5/13 3305 N 9th St Tech Services, LLC LLC 9/26/13 800 Cleveland Av
Okolona Brown Logistics and Transportation Inc BUS
9/18/13 120 Cr 135 Walls Furniture Supplies, LLC LLC 9/26/13 327 West Main Street
Olive Branch B & H Medical Consultants LLC LLC 9/3/13 4140 Delbridge Court Clean Expectation Cleaning Service, LLC LLC
9/5/13 7784 Allen Ridge Lane Easley Solutions LLC LLC 9/10/13 8680 W Sandidge Rd Elite Transport Services, LLC LLC 9/5/13 7207 Maple Grove Road Kisner Heating & A/C, LLC LLC 9/26/13 9186 E Sandidge Rd
Logistics and Distribution Services Inc BUS
9/30/13 8878 Hacks Cross Road Oakes Accounting Services PLLC PLLC 9/30/13 10908 Oak Leaf Dr Oakes CPA Firm PLLC PLLC 9/30/13 10908 Oak Leaf Dr Olive Branch High School Basketball Booster Club NP 9/6/13 9098 Hunters Ridge Dr Pinks, LLC LLC 9/25/13 10051 Goodman Road SCAR Tactical Services LLC LLC 9/17/13 6838 Aquila Circle West Smart Security, LLC LLC 9/12/13 9065 Goodman Road, Suite 201 Specialty Wholesale Autos, LLC LLC 9/20/13 7095 Hacks Cross Rd #196 United Storage Associates, LLC LLC 9/17/13 5600 Goodman Rd., Suite B WallyWorks, LLC LLC 9/5/13 5030 Summers Creek Cove
Osyka Diamond G Electrical Inc BUS 9/5/13 212 Liberty St E
Oxford 607 South, LLC LLC 9/24/13 299 South 9th Street, Suite 101 Alias Family Investments, LLC LLC 9/16/13 2653 West Oxford Loop Ste 108 Americare Home Care Inc BUS 9/25/13 405 Galleria Lane, Suite C AMP Security, LLC LLC 9/11/13 405 Galleria Lane, Suite C Antonio Tarrell, LLC LLC 9/10/13 5 Cannon Rd 2003 Axios Valuation Solutions, LLC LLC 9/20/13 405 Galleria Lane, Suite C Bancroft Enterprises, Inc. BUS 9/17/13 405 Galleria Lane, Suite C Big Blind Investments, Limited Liability Company LLC 9/10/13 1205 Office Park Drive, Suite B Big Spring Anytime, LLC LLC 9/4/13 2088 Old Taylor Rd Blasting Solutions, Inc. BUS 9/18/13 405 Galleria Lane, Suite C Bulley & Andrews Masonry Restoration, LLC LLC 9/13/13 405 Galleria Lane, Suite C Cap Enterprises LLC LLC 9/24/13 405 Galleria Lane, Suite C CoCentrix, Inc BUS 9/5/13 405 Galleria Lane, Suite C Connemara Company, LLC LLC 9/10/13 1118 A South 16th Street Corinth MS Ezells LLC LLC 9/23/13 129 County Road 3088 E. R. Insurance Associates, LLC LLC 9/25/13 405 Galleria Lane, Suite C Eagle Tower, LLC LLC 9/30/13 405 Galleria Lane, Suite C Elliott & Company Appraisers Inc. BUS 9/9/13 405 Galleria Lane, Suite C Empires Mobile LLC LLC 9/20/13 405 Galleria Lane, Suite C Fabo Enterprises Inc BUS 9/27/13 405 Galleria Lane, Suite C FilterFiller.com DBA BUS 9/5/13 1300 Access Rd., Ste 100 Fuss Free Filters, Inc. BUS 9/5/13 1300 Access Rd., Ste 100 G. Montgomery Investments, LLC LLC 9/5/13 2084 Old Taylor Road, Suite 106 Gerald N. Candito Construction Corporation BUS 9/9/13 405 Galleria Lane, Suite C Greensouth Solutions LLC LLC 9/13/13 405 Galleria Lane Suite C Greg Smith Engineering Co., PLLCPLLC 9/9/13 405 Galleria Lane, Suite C Grove Realty, LLC LLC 9/17/13 1420 North Lamar Blvd Hawkeye Strong, LLC LLC 9/5/13 2653 West Oxford Loop, Suite 108 HMJ Enterprises, L.P. LP 9/12/13 144 Oxmoor Ridge Independent Settlement Services, LLC LLC
9/30/13 405 Galleria Lane Suite C Industrial Access Inc BUS 9/23/13 405 Galleria Lane, Suite C Jantec Inc BUS 9/20/13 405 Galleria Lane, Suite C
December 6, 2013
JP’s, LLC LLC 9/16/13 2086 Old Taylor Road, Suite 1021 Kelly & Associates, Inc. BUS 9/25/13 1300 Van Buren Ave La Alegria, LLC LLC 9/25/13 2084 B Old Taylor Road Laff Co. NP 9/27/13 9 Cr 2018 Laning Insurance Agency, LLC LLC 9/20/13 405 Galleria Lane, Suite C Levalds Technical Coodination Group, LLCLLC
9/5/13 405 Galleria Lane Suite C LKOKitchens Fitness LLC LLC 9/23/13 513 Wedgewood Dr Martin Medical Consultants, LLC LLC 9/17/13 405 Galleria Lane, Suite C Medical Solutions of Ocean Springs LLC LLC
9/6/13 405 Galleria Lane, Suite C Myers Rental Properties, LLC LLC 9/11/13 1300 Access Road, Suite 100 National Military Mortgage, LLC LLC 9/17/13 405 Galleria Lane, Suite C Nationwide Appraisal Network, LLC
9/11/13
LLC
405 Galleria Lane, Suite C
Newman’s Industrial Maintenance, LLC LLC
9/13/13 405 Galleria Lane, Suite C Omega Construction LLC LLC 9/10/13 1739 University Ave Ste 111 Oxford Automotive Imports, LLC LLC 9/10/13 168 Hwy 6 E Oxford Photo Works, LLC LLC 9/10/13 417 North 11th Street Oxford Square Realty, Inc. BUS 9/23/13 327 Wishing Tree Lane PAR Medical, Inc. BUS 9/16/13 405 Galleria Lane, Suite C Pearl River Technologies LLC LLC 9/12/13 405 Galleria Lane, Suite C Petz Enterprises, LLC LLC 9/23/13 405 Galleria Lane, Suite C Play and Pray Childrens Learning Center, LLC LLC 9/23/13 405 Galleria Lane, Suite C PMI Resource DBA LLC 9/12/13 405 Galleria Lane, Suite C PMI Services, L.L.C. LLC 9/12/13 405 Galleria Lane, Suite C Rebel Investments LLC LLC 9/6/13 265 North Lamar, Suite W RJ Masonry LLC LLC 9/20/13 10 Cr 171A Robert High Development, LLC LLC 9/9/13 1100 Tyler Avenue, Suite 102 Rowan’s Retreat, LLC LLC 9/3/13 2084 B Old Taylor Road SAM-Construction Services, Inc. BUS 9/5/13 405 Galleria Lane, Suite C Southaven Marketplace, LLC LLC 9/23/13 2088 Old Taylor Rd Southeastrans, Inc. BUS 9/4/13 405 Galleria Lane, Suite C Square Knot Required LLC LLC 9/3/13 2094 Old Taylor Road Suite 200 Stagepro Staffing Services, LLC LLC 9/30/13 405 Galleria Lane, Suite C Stava Building Corporation BUS 9/3/13 405 Galleria Lane, Suite C Susan W. Culpepper, Attorney at Law, P.L.L.C. PLLC 9/16/13 428 North Lamar, Ste. 106 Synergy Refrigeration, Inc. BUS 9/30/13 405 Galleria Lane, Suite C The Hullabaloo Company, LLC LLC 9/20/13 605 Grove Forest Way The Jill Thompson Foundation NP 9/10/13 1109 Van Buren Ave The Property Sciences Group, Incorporated BUS 9/23/13 405 Galleria Lane, Suite C Tri-State Motors, LLC LLC 9/26/13 307 Heritage Drive Triple Play, LLC LLC 9/17/13 265 North Lamar Boulevard Ste R United Consulting Group Ltd BUS 9/26/13 405 Galleria Lane, Suite C
Pachuta J. Nelson LLC LLC 9/9/13 1490 LE 1638 James R. Walters, Sr., LLC LLC 9/23/13 41 Lake Eddins 16386 YB Entrepreneurs, LLC LLC 9/16/13 60 27 Highway 18 West
Pascagoula Gourmet Gurl LLC LLC 9/9/13 3522 Southwood Avenue Lynco-Love Your Neighbor Community Outreach NP 9/10/13 2122 Tyler Ave My Cakes by Debra L.L.C. LLC 9/23/13 1941 Pascagoula St Restore Gulf Coast, LLC LLC 9/6/13 734 Delmas Avenue Smith Ammo, LLC LLC 9/11/13 1964 Market Street
Pass Christian Cleaner Living Carpet Cleaning & Upholstery LLC LLC 9/10/13 788 Apple Cove Dawns Angel Charters & Services, L.L.C. LLC 9/13/13 P-1 Slip 100 South Helm Ave Driven Properties LLC LLC 9/24/13 7247 Live Oak Way Gulf Coast Grounds Keeping, LLC LLC 9/16/13 7345 Magnolia Dr. J&J Snack Foods, LLC LLC 9/13/13 326 Lorraine Ave Northern Gulf Charter Services, LLC
LLC
9/30/13 7080 Vidalia Road Swaim Enterprises LLC 9/19/13 7205 Vidalia Rd Swaim Enterprises LLC LLC 9/30/13 7205 Vidalia Rd
Pattison D & D Enterprise Inc. BUS 9/25/13 1042 Hine Street
Pearl ASB Forensics LLC LLC 9/30/13 812 Pin Oak Place BUNTHEBAKERYINC BUS 9/23/13 652 Pemberton Drive Crawfish Barn Pearl LLC LLC 9/3/13 3190 A Hwy 80 E Diamonds in the Rough NP 9/26/13 405 Cedar Trace E Slay Children LLC LLC 9/16/13 998 Clubhouse Drive E-Professional LLC LLC 9/10/13 221 Silver Lake GM Sand Gravel & Dirt LLC LLC 9/5/13 3124 A Street Holly’s Playhouse NP 9/27/13 445 El Dorado Rd Jackson’s Elite Paint Specialist LLCLLC 9/16/13 440 Cross Park Dr. Apt. 1607 Keith Rutherford DBA OTH 9/6/13 202 Reynolds St Moo Moo, LLC LLC 9/19/13 114 Paul Truitt Ln Paint Magicians DBA OTH 9/6/13 202 Reynolds St Palmer Investments of Ms, Inc. BUS 9/27/13 3275 Highway 80 East RSN Shivganesh Corporation BUS 9/17/13 734 Woodrun Drive Yogi Krupalu LLC LLC 9/10/13 5905 Old Brandon Road Suite 12
Perkinston Infused Enterprises LLC LLC 9/9/13 27262 Bull Creek Dr. West
Petal B.P.C., LLC 9/18/13
LLC 1188 Macedonia Road
DeBose Distribution Company, Inc.
BUS
9/12/13 104 Poplar Loop Rare Finds Boutique LLC LLC 9/3/13 24 Bradford Lane
Philadelphia Cook’s Feed and Supply, LLC LLC 9/16/13 1110 East Main Street Joey’s Liquor LLC LLC 9/5/13 559 Holland Ave John E Stephens Properties LLC LLC 9/16/13 812 Pecan Avenue Pridmore Electrical Contracting Inc
9/30/13
BUS
10301 Road 1137
Task Master, LLC LLC 9/10/13 16150 Road 505 Timber Harvesters Inc BUS 9/4/13 27 Tommy Drive
Picayune Centracom, LLC LLC 9/24/13 703B South Haugh Copper Hill Apartments by Leigh Ann LLC LLC 9/23/13 800 Hwy 11 North Dad’s Camper Outlet, LLC LLC 9/12/13 1380 South Haugh Frizz, LLC LLC 9/3/13 959 Memorial Blvd HL&C - Destiny Island, LLC LLC 9/17/13 2001 Hwy 11 North HL&C Warren, LLC LLC 9/18/13 2001 Hwy 11 North Magnolia Safety Consultants LLC LLC 9/23/13 148 Audubon Place Pinnacle Design & Customs LLC LLC 9/27/13 23031 Live Oak Ln. Rio Grande Grill, LLC LLC 9/18/13 1413 Armand Drive Serenity Transport Services LLC LLC 9/24/13 63A Davis Dawsey Rd SJB Leasing Inc BUS 9/27/13 52 Liberty Rd
Pontotoc Ben Russell Construction LLC LLC 9/16/13 26 Nixon Bend Communicato, LLC LLC 9/10/13 5290 Hwy 341 KingCo, LLC LLC 9/10/13 2245 Hwy 341 The Trail Bike and Repair Shop, LLCLLC 9/16/13 183 Cottonwood Cove
Poplarville Aaron’s Lawn Service, L.L.C. LLC 9/23/13 7218 Highway 43 North Big Mama’s Cajun Kitchen LLC LLC 9/4/13 131 Sandy Smith Rd White Dove A/C and Heating LLC LLC 9/9/13 413 N Jackson St
Port Gibson Comfort Foods LLC 9/16/13
LLC 313 Market St
Potts Camp Yemen Eagle ATM, Inc. BUS 9/30/13 40 HOMAN DRIVE
Prairie The PCMJ Auto Group LLC LLC 9/30/13 21013 Hwy 45 Alt.
Prentiss James-Flynt Properties, LLC LLC 9/6/13 1160 Magnolia Lane James-Flynt Tree Farm, LLC LLC 9/6/13 1160 Magnolia Lane
Purvis Cheer in Booster Club NP 9/10/13 4101 Old Hwy 11 Clockwork Kraken LLC LLC 9/17/13 4816 Old Highway 11 Eagle Iron, LLC LLC 9/5/13 40 Deep South Lane MD Directional Drilling, LLC LLC 9/25/13 217 Harold Tucker Road Rayborn Air LLC LLC 9/12/13 818 Martin Luther King Drive Rodco, LLC LLC 9/18/13 21 Bellepointe Cir Southlands, LLC LLC 9/5/13 37 Pine Ridge Road
Quitman Oil and Tire Service #2, LLC LLC 9/6/13 503 East Franklin St
I
Mississippi Business Journal
Raymond Bob Copelands Place LLC LLC 9/17/13 112 Clinton Raymond Rd JBG & Associates Inc BUS 9/30/13 1700 Suzanna Drive Owen Engineering LLC LLC 9/6/13 124 Main Street Patch of Heaven Lawn and Home Care LLC LLC 9/25/13 18498 Old Port Gibson Rd X-Ring Tactical LLC LLC 9/20/13 1507 North Chapel Hill Road
Richland A-Z Behavioral Solutions LLC LLC 9/10/13 120 Scarbrough St Ste a Funderburk Construction LLC LLC 9/9/13 1311 Chapelridge Drive The Business Woman, LLC LLC 9/3/13 627 Hwy 49 S, Suite A The Queen Agency, LLC LLC 9/27/13 627 Hwy 49S, Suite A Xtra Ordinary Carriers LLC LLC 9/3/13 326 Bradford Dr.
Richton Danny Smith Consulting, LLC LLC 9/25/13 217 Braxton Drive
Ridgeland Advance Tree Care Inc. BUS 9/19/13 441 Northpark Drive Aldridge Value Company, LLC LLC 9/5/13 800 Woodlands Parkway Ste 107 ASAP Bail Bonding DBA LLC 9/11/13 1908 East Ridge Circle Madison 39110 Bethay Consulting LLC LLC 9/16/13 203 St. Pierre Cove BKW Inc. BUS 9/16/13 270 Trace Colony Park, Suite B Cary Crawley DBA OTH 9/30/13 230 Bellewether Pass Coastal Management, LLC LLC 9/12/13 6935 Old Canton Road CoesterVMS.com Inc. BUS 9/4/13 270 Trace Colony Park, Suite B Eurydis LLC LLC 9/20/13 207 Trace Colony Park Ste B First Choice Security LLC LLC 9/11/13 1908 East Ridge Circle Madison 39110 Green Lights Investments, LLC LLC 9/6/13 618 Crescent Blvd Ste 203 Heitzmann Investments LLC LLC 9/30/13 207 W Jackson Street Ste B Hunt Club LLC LLC 9/25/13 441 Northpark Dr Icon Motors DBA OTH 9/30/13 230 Bellewether Pass Innovative Building Solutions LLC LLC 9/18/13 270 Trace Colony Park Ste B Ladd Bratcher LLC LLC 9/9/13 441 Northpark Drive Litchfield Centre, LLC LLC 9/30/13 805 South Wheatley, Suite 190 Litchfield Tree Tops, LLC LLC 9/30/13 805 South Wheatley, Suite 190 Litchfield Wind River LLC LLC 9/30/13 805 South Wheatley, Suite 190 May Wildlife Management LLC LLC 9/18/13 134 Woodmont Way Mercy Lodge Inc NP 9/24/13 441 Northpark Dr. Suite A Metro Anesthesia PLLC PLLC 9/12/13 204 Valley Road Michel, LLC LLC 9/9/13 307 Robber’s Trace Miller Transporters DBA BUS 9/24/13 1020 Highland Colony Parkway, Ste.
I
13
Off Highway Axle Systems by Gear Tech, LLC LLC 9/9/13 260 High Point Dr Oilfield Training Center, LLC LLC 9/25/13 330 Hawthorne Circle #3 Parker Commons Management LLCLLC 9/11/13 1030 Northpark Drive Suite B Payoneer Inc. BUS 9/3/13 270 Trace Colony Park, Suite B Prissy Paintbrush Studios LLC LLC 9/12/131425 Lakeland Dr. Suite 110-E ( Jackson 39216)
RC Sadler Properties LLC LLC 9/4/13 1022 Highland Colony Parkway, Suite 101 Robertson Contractors, Inc. BUS 9/3/13 270 Trace Colony Park, Suite B Rocktide Crossing Management LLC
LLC
9/11/13 1030 Northpark Drive Suite B Ryderreeves Enterprises, LLC LLC 9/20/13 992 Northpark Drive, Ste A Sassy Fitness LLC LLC 9/26/13 199 Charmant Place, Ste. 3 Scarbrough Sarasota Concrete, Inc.
BUS
9/26/13 270 Trace Colony Park Ste B Scholars in Motion LLC LLC 9/4/13 441 Northpark Dr. Suite A SEHC Benefits LLC LLC 9/5/13 242 Sawbridge Dr Shadowbrook Pointe Management LLC LLC
9/11/13 1030 Northpark Drive Suite B Simply Wheelz LLC LLC 9/30/13 1052 Highland Colony Parkway, Ste 204 Southaven Salsarita’s, LLC LLC 9/30/131020 Highland Colony Pkwy., Suite 1400 (Ridgeland 39157)
Stone Design & Company, LLC LLC 9/18/13 831 Pine Trail Dr Stubbs NK Contractors LLC LLC 9/4/13 795 Woodlands Parkway, Suite 220 Sunswept Village Management LLCLLC 9/11/13 1030 Northpark Drive Suite B Telediscount Company BUS 9/4/13 618 Crescent Blvd, Suite 200 TJS Investment Group LLC LLC 9/3/13 222 Eastpark Street We Go Out on a Limb for You LLC LLC 9/19/13 441 Northpark Dr William M. Quin II, P.A. PA 9/3/13 602 Steed Road Ste 200 Windgate Lodge Management LLCLLC 9/11/13 1030 Northpark Drive Suite B Wireless Factory LLC LLC 9/23/13 201 Ring Rd Ste 10 Zebulun Strategic LLC LLC 9/17/13 270 Trace Colony Park Ste B
Ripley Carter Communications LLC LLC 9/3/13 701 N. Main St .
Robinsonville East Gin Field, LLC LLC 9/30/13 1330 Leatherman Lane
Rolling Fork Delta Specialties, LLC LLC 9/13/13 6500 Highway 14 W Showtyme Sports Bar and Grill LLCLLC 9/19/13 98 Chucks Dr
Rose Hill One Stop Mini-Mart, LLC LLC 9/13/13 4639 Highway 18
Ruleville Gifted Hands Social Services NP 9/20/13 201 South Ruby Avenue
1400 (39157)
Miller Transporters, Inc. BUS 9/24/13 1020 Highland Colony Parkway, Ste. 1400 (39157)
MS Impact JVC, LLC LLC 9/13/13 203 Bellewether Pass National Billing Associates, Inc. 9/26/13 270 Trace Colony Park Ste B New Country Classics, LLC LLC 9/3/13 587 Highland Colony Parkway Nick McLaughling LLC LLC 9/25/13 270 Trace Colony Park Ste B
Saltillo Carr’s Guns & Ammo LLC LLC 9/16/13 594 County Rd 811 Day Properties, LLC LLC 9/12/13 3331 Mosseycup Drive Monroe County Children’s Vision Center NP 9/18/13 111-D Town Creek Dr Stanford Dirt Works LLC LLC 9/26/13 386 Road 1451
INCORPORATIONS
14 I Mississippi Business Journal I December 6, 2013 Sandersville Hill’s Quick Lube, LLC LLC 9/10/13 102 Walnut Street
Sarah Sealy Trucking LLC 9/4/13
LLC 1081 Ridge Rd
Saucier Gulf Anesthesia Services, LLC LLC 9/13/13 22185 Houston Ladner Rd J&R Distribution Company Inc BUS 9/19/13 17520 Robinwood Drive R & B Brick Oven, LLC LLC 9/11/13 19341 Highway 49 RWJ Enterprises Incorporated BUS 9/20/13 23178 Success Rd
Senatobia Mississippi Carry, Inc. NP 9/24/13 80 Oakley Rd OASIS Literacy Center NP 9/3/13 307 Crawford Street Slocum Enterprises LLC LLC 9/12/13 329 Tate Street Sycamore View Farms LLC LLC 9/12/13 329 Tate Street
Sidon 3-J Land Investments LLC LLC 9/18/13 1927 Cr 154
Silver City Rowland Farms Trucking, LLC LLC 9/10/13 11450 US Hwy 49
Vapor Zone, LLC LLC 9/27/13 576 Goodman Road YSH LLC LLC 9/10/13 5740 Getwell Road, Building 10-D
556 Feral Hog and Beaver Removal LLC LLC
9/5/13 100 North Lafayette Street Suite 2 A Stitch in Tyme, LLC LLC 9/25/13 105 Lydia Lane Billet33 LLC LLC 9/18/13 202 Yeates St BluePhone DBA OTH 9/17/13 21 Crenshaw Ln Unit 1 Charles Stanley Rice DBA OTH 9/18/13 5887 Highway 182
Southaven AHAGA Inc BUS 9/3/13 187 E Stateline Rd Ste 4 Artigliere Enterprises, LLC LLC 9/20/13 4040 Pinehurst Boulevard Belle Estates, LLC LLC 9/4/13 2228 Plum Point Cv. Davis Distribution, LLC LLC 9/5/13 8425 Airways Blvd Suite 105 Goodman Investments Inc BUS 9/10/13 187 E Stateline Rd Ste 4 Great Commission Research Network
NP
9/10/13 1850 Pecan Grove Drive Haas Saw & Supply LLC LLC 9/18/138529 Aaron Lane (Freeport Industrial Park Lot 59)
Insight Solutions, LLC LLC 9/10/13 4745 Rosepetal Cove Kimbell and Associates, LLC LLC 9/10/13 4745 Rosepetal Cove Legacy Taxes and Financial Services LLC LLC 9/26/13 2162 Greenwich Drive N M and A Management LLC LLC 9/4/13 1625 Main St Reliable Investments LLC LLC 9/27/13 5483 Steffani Dr Tara Event Designs and Rentals, LLC
LLC
9/23/13 2900 Pinnacle Drive The Rusted Nail, Inc BUS 9/12/13 2465 Cumberland Drive
LLC
9/27/13 808 Greenbriar St Firefly Yoga Studio LLC LLC 9/9/13 100 Russell St Garden Properties LLC LLC 9/30/13 106 Spruill Industrial Park Road Generations Therapy LLC LLC 9/9/13 241 Hearst Rd HoneySuckle LLC LLC 9/13/13 105 Rutledge Street Horsefeathers Mall 182 DBA OTH 9/23/13 5887 MS Highway 182 West Janis M. Smith DBA OTH 9/23/13 5887 MS Highway 182 West Jared Laster DBA OTH 9/17/13 21 Crenshaw Ln Unit 1 Logan’s Land Services, LLC LLC 9/9/13 316 Lindberg Blvd. M & R Associates LLC LLC 9/17/13 302 Worley Street NastyBikerTees Inc BUS 9/30/13 1200 Law Rd North Ms Cycle Sales and Service Inc
BUS
9/30/13 1200 Law Rd Provision Farm, LLC LLC 9/11/13 129 London Way Smith Brothers Land Services, LLC LLC 9/13/13 160 Stone Ridge Road Stanley Rice DBA OTH 9/12/13 219 Edgewood Superior Contracting Solutions, LLC
Salus Consulting & Management, LLC
Panhandle Resources, LLC LLC 9/20/13 861 Woodlawn Rd
Summit
Starkville
Davis & Springer Development, LLC
Steens
LLC
9/18/13 2701 Maple Dr SweetGum Brewing Company, LLC LLC 9/10/13 3 Hiahleah Lane Switzer Holding Company, LLC LLC 9/6/13 82 Hillcrest Circle The Center of Manufacturing Innovation DBA OTH 9/12/13 219 Edgewood The Law Office of Amanda S. Beard, PLLC PLLC 9/25/13 203 East Main Street The Law Office of Amanda S. Beard, PLLC
9/18/13 203 East Main Street The Law Office of Gabriel Montalvo, PLLC PLLC 9/19/13 50 Winchester Rd The Marron & Black Jersey Company DBA OTH 9/18/13 5887 Highway 182
State Line Little Oil & Gas, LLC LLC 9/4/13 1497 Smithtown Chicora Road
G. Harris & Associates Insurance Group, Inc. BUS 9/6/13 1402 Grant Street Lewis Compound, LLC LLC 9/5/13 2034 Fred Bacot Rd Risky Rollingwood, LP LP 9/9/13 1045 Rollingwood Dr Rollingwood Holdings, LLC LLC 9/9/13 1045 Rollingwood Dr Safe Rollingwood, LP LP 9/9/13 1045 Rollingwood Dr Small Talk Speech & Language Therapy Inc. BUS 9/4/13 2085 Robb Street W Ext. Timberland Holdings, LLC LLC 9/12/13 1045 Rollingwood Dr
Sumner Robinette Metal Works, LLC LLC 9/26/13 211 Jennings St
Tunica Aerial Application of Warren County, Inc. BUS 9/10/13 1161 South Court St Coatobi Planting Company BUS 9/17/13 1185 Main Street Sincere Entertainment LLC LLC 9/9/13 1168 Prichard Rd. Tunica Party-N-Bounce, LLC LLC 9/30/13 1154 Aubrey St W. H. Allen, Inc. BUS 9/26/13 1245 Main Street Webb Rental Properties, LLC LLC 9/16/13 1245 Main Street
Tupelo
Sumrall 2 Cups, LLC LLC 9/6/13 15 N. Jackson Rd FAST-Academy, LLC LLC 9/19/13 936 Oloh Rd. M Lowery Enterprises, LLC LLC 9/6/13 45 Seminary Sumrall Rd MoRu, LLC LLC 9/20/13 573 North Black Creek Road Threads LLC LLC 9/30/13 10 Cobblestone Dr
Sunflower Delta Grace, Inc. 9/17/13
LLC
9/27/13 12025 Springridge Road Shoto Residential Builders/Construction Co. BUS 9/19/13 552 N Springlake Circle Stallings Construction Company, Inc. BUS 9/13/13 18349 Midway Road VAL’s Apparel LLC LLC 9/11/13 4510 Pine Lake Drive
NP 510 Sunflower Ave
American Renewal Project, Inc. NP 9/17/13 107 Parkgate Drive Ben Burt LLC LLC 9/25/13 706 Lar-Eli-Do Drive Blair St. Apt, LLC LLC 9/13/13 1223 West Main Street C12 Mississippi, LLC LLC 9/11/13 333 West Franklin Street Caldwell Holdings, LLC LLC 9/13/13 124 Riverside Dr Champion Clinical Research, LLC LLC 9/5/13 1435 Beech Springs Road Church Street Manor Inc BUS 9/3/13 218 South Thomas St. Ste 115 Confortaire Holdings LLC LLC 9/9/13 2133 South Veterans Blvd Covenant Investment Series II, Inc.
Terry A. West Enterprise, LLC LLC 9/30/13 18349 Midway Road Color Masters Painting, Inc. BUS 9/16/13 18349 Midway Road Criterion Corporation BUS 9/18/13 18375 Midway Road Green Key of Delaware LLC LLC 9/12/13 18349 Midway Road Green Tree Learning Center, LLC LLC 9/6/13 12789 I-55 South Frontage Road Integrated Solutions LLC LLC 9/3/13 108 Sage Hills Dr Jubilee D’Iberville LLC LLC 9/23/13 18349 Midway Road Jubilee Gulfport LLC LLC 9/23/13 18349 Midway Road Lifestyle Property, LLC LLC 9/27/13 508 N Spring Lake Circle Phoenix Express L.L.C. LLC 9/12/13 2566 Davis Rd Red Fox Lhasas and Small Breed Handler, LLC LLC 9/20/13 508 N Spring Lake Circle S & O Properties LLC LLC 9/24/13 160 Pecan Ridge Lane
BUS
9/12/13 333 West Franklin Street Direct Care, LLC LLC 9/23/13322 West Jefferson Street (38804) From the Heart Gems LLC LLC 9/9/13 425A Road 1282 Magnolia Imaging Associates, PLLC
PLLC
9/20/13 201 South Spring Street McCullough Family LLC LLC 9/20/13 105 South Front Street Northeast Mississippi Surgical Management Services LLC LLC 9/19/13 830 South Gloster Oliver Hill, LLC LLC 9/3/13 336 N. Green Street PediaStaff Properties, LLC LLC 9/20/13 1208 Antler Drive Phenix Incorporated BUS 9/16/13 133 County Rd 141 Pillow Investments LLC LLC 9/18/13 2033 Stoneybrook Cove Somnus Mattress Corporation BUS 9/24/13 3835 Old Town Circle Steele-Patterson Properties, LLC LLC 9/23/13 322 West Jefferson Drive (38804) Thai Garden Restaurant Inc BUS 9/17/13 932 William St
The Law Firm of Amanda Todd Daniels, LLC LLC 9/27/13 204 North Spring St The Shoe Box LLC LLC 9/3/13 4868 Countrywood Manor The Trapp Agency, LLC LLC 9/6/13 1413-C W. Main Street TLM Properties, LLC LLC 9/3/13 218 South Thomas St. Ste 115 Tutor Management, Inc. BUS 9/5/13 2000 North Gloster St TWA, Voyager, LLC LLC 9/12/13 225 Tyler Willis Lane
Tylertown Advantage Sales Group, LLC LLC 9/5/13 31 Wes Dillon Road Elizabeth LLC LLC 9/13/13 534 Airline Hwy Grayson Inc BUS 9/16/13 44 Jacobs Road L & B Services, LLC LLC 9/5/13 805 South Railroad Avenue
Union Hogue Ventures, LLC LLC 9/18/13 106 Portis St Spears Security Services LLC LLC 9/12/13 10651 Road 351
Vaiden C.E. Ward Construction LLC LLC 9/11/13 1210 Front Street
Vancleave Aaron’s Lawn and Enterprises LLC LLC 9/26/13 18005 Moungers Rd D.r. Outdoor Cuts LLC LLC 9/4/13 12400 Jim Ramsay Road Dream Clean Cleaning & Restoration, LLC LLC 9/13/13 4240 Twisted Run Lane Jack’s Therapeutic Stable, Inc. NP 9/23/13 10205 Blueridge Dr MB & SH LLC LLC 9/5/13 8821 Hwy 57 MLM Entertainment LLC LLC 9/6/13 13721 Old Fort Bayou Rd Mr. Fix It, LLC LLC 9/6/13 3000 Dwyer Branch Road Mr. Fix It, LLC 9/5/13 3000 Dwyer Branch Road Nana’s Gourmet Goodies, “L.L.C.” LLC 9/26/13 23001 Old Biloxi Road Williams Consulting and Research LLC
LLC
9/11/13 9905 Wire Rd Wilson Cattle Company OTH 9/19/13 6103 Wooded Acres
Vicksburg 3 Rednecks, LLC 9/13/13
LLC 1201 Cherry Street
A & D Muffler & Tail Pipe Shop, LLC
LLC
9/17/13 2460 Old Hwy 27 #8A Bovina Elementary School PTO NP 9/6/13 413 Allen Place C&S Consultants, LLC LLC 9/16/13 107 Camden Drive
CJ Asbestos Abatement, LLC LLC 9/30/13 7830 Hwy 27 Defensive-Advantage, LLC LLC 9/13/13 126 Autumn Drive Front Porch Fodder Publishing, LLCLLC 9/9/13 1216 National St. Garmon Capital Management LLC LLC 9/12/13 101 Golding Blvd Grange Hall Properties, LLC LLC 9/23/13 393 Lakeview Drive Impact Entertainment Inc BUS 9/23/13 131 Autumn Dr Japanese Express LLC LLC 9/12/13 3403 Pemberton Square Levee Bend Hunting Club LLC LLC 9/6/13 1210 National Street Magnolia Real Estate & Property Managment, LLC LLC 9/5/13 3428 Halls Ferry Rd Make Mine Fabulous, LLC LLC 9/23/13 204 East Park Place Market Solutions LLC LLC 9/10/13 110 Cobblestone Drive Montalbano Consultants, LLC LLC 9/17/13 205 Woodstock Place National Services, Inc. BUS 9/25/13 1423 Washington St Apt 202 Poplar Level, LLC LLC 9/19/13 3418 Wisconsin Avenue Pyramid Medical Waste LLC LLC 9/30/13 1116 Main St Rajun Tree Farm, LLC LLC 9/24/13 410 Ridgewood Street RL Tunica Holdings LLC LLC 9/23/13 520 Holly Ridge Drive The Design Shop, LLC LLC 9/18/13 1915 Mission 66, Ste A The Secure-A-School Foundation NP 9/13/13 108 Short St The Sipp Coffee Company LLC 9/6/13 414 Ridgewood St The Sipp Coffee Company LLC LLC 9/20/13 414 Ridgewood St Vicksburg Designer Consigner LLC LLC 9/10/13 1423 Washington St 39180 Vicksburg Sand and Gravel, LLC LLC 9/12/13 1350 Fonsylvania Rd
Water Valley Kenny Harmon Construction, LLC LLC 9/9/13 1751 County Road 109 Sal LLC LLC 9/13/13 44 County Road 378
Waveland Expedient Consultants LLC LLC 9/13/13 300 Nicholson Ave K & D Enterprises, LLC LLC 9/26/13 719 Zimmerman Ln Sheri’s Creole Mama Pralines, LLC LLC 9/13/13 616 Hwy 90 Apt 244 Tantationz LLC LLC 9/18/13 832 Spruce St W. A. S. / We all Suck DBA OTH 9/3/13 1201 Margie St Walter G. Leventon DBA OTH 9/3/13 1201 Margie St
Waynesboro Bunch Blueberry Farm LLC LLC 9/30/13721 Buckatunna Chicora Clara Road Designer Homes MS LLC LLC 9/13/13 300 Ceamon Pittman Rd Quickway Investments, LLC LLC 9/26/13507 Denham Buckatunna Creek Rd Realart.com, LLC LLC 9/12/13 703 Station Street Reverie Boutique, LLC LLC 9/26/13 927 Wayne Street
Weir Rooster N - A Shac LLC LLC 9/11/13 1616 Drain Road
Wesson MGP Logistics, Inc. BUS 9/6/13 3054 Jackson Liberty Rd
West Point Davidson Farms LLC 9/26/13
LLC 436 Oak Crest
Franks Package Store of Clay County LLC LLC
9/30/13 3477 Highway 50 W Golden Triangle Real Estate, LLC LLC 9/24/13 3469 Quinn Drive Iron Wood Ventures, LLC LLC 9/16/13 221 Commerce Street Jessica’s Unique Boutique and Gift Creations LLC LLC 9/9/13 1823 Riverchase Drive New Legacy Memorial, Inc. BUS 9/5/13 1400 East Main Street One Stop Texaco, LLC LLC 9/4/13 327 Commerce Street Patterson Property Management, LLC
LLC
9/24/13 103 East Broad Street The Oaks RV Park, LLC LLC 9/19/13 307 E. Main Street Tony Moore, LLC LLC 9/30/13 3589 Melton Bottom Road
Wiggins Little Boys Timber Company, LLC LLC 9/23/13 905 W Border Avenue Medical House Calls LLC LLC 9/3/13 115 West College Avenue Pam Falgout Inc BUS 9/6/13 483 Old Highway 49 Stillmore Construction Company, LLC
9/3/13
LLC
47 Stillmore Road
Woodland J & J Welding Service LLC LLC 9/27/13 1783 Highway 15 S
Woodville Feliciana Land Company, LLC LLC 9/13/13 5663 Fords Creek Road McRock, LLC LLC 9/25/13 448 Main Street
Yazoo City Yazoo Drugs Inc 9/18/13
BUS 730 E 15th Street
December 6, 2013
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Mississippi Business Journal
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15
» MISSISSIPPI LEADERS by Martin Willoughby
Man of Steel Ranade leading Severstal Columbus
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ne of the largest development projects in Mississippi in recent years has been the Severstal steel plant in Columbus. This innovative “mini-mill” recycles steel for use in the auto industry and many other applications. Between the phase one project (completed in 2007) and phase two (completed in 2011), over $1.4 billion has been invested in this “state of the art” facility on 1,400 acres in the Golden Triangle. The 1million square-foot plant employs approximately 650 people and is capable of producing 3.4 million net tons of hot rolled sheet, which can be further processed to 1.9 million net tons of cold rolled and 1.1 million net tons of galvanized and galvannealed sheet products each year. At the helm of this plant is Madhu Ranade, who serves as vice president and general manager. Ranade joined the company in June 2013 and brought a wealth of experience to this important role. A native of Mumbai, India, Ranade graduated from the prestigious Indian Institute of Technology. After graduation, he came to the United States with one suitcase, $20 in his pocket and a full scholarship for graduate school at the University of California.
Up Close With ... Madhu Ranade
After graduating with an M.S. in materials science and mineral engineering, his first industry job was with the Research Department at Inland Steel where he developed a pas- Martin Willoughby sion for implementing innovative technological improvements. Ranade’s leadership skills were recognized early on, and he was given increased responsibilities as he shifted his career to plant operations. Over the years, Inland Steel Company was acquired, and the new company grew fast through additional acquisitions to become ArcelorMittal — the world’s largest steel company. Ranade had the opportunity, as a vice president and general manager to run two of the three largest integrated steel plants in the United States — Indiana Harbor and Burns Harbor, (both located in Indiana), which produce steel starting from iron ore and coal. Ranade shared, “My team made great progress in productivity, customer satisfaction and profitability. I was quite happy with my work and had more plans in mind for the Burns Harbor plant. Then, out of the blue, came this opportunity to run the most modern mini-mill in the United States — Severstal Columbus in Mississippi.” On his leadership philosophy, Ranade
Title: Vice president and general manager, Severstal Columbus Favorite Books: ”My reading selection is very broad from Tom Clancy and John Grisham to Malcolm Gladwell. Currently, I am reading ‘Plain Talk’ by Ken Iverson.” First Job: ”My first job was at the University of California, Berkeley, where I was a teaching assistant.” Proudest Moment as a Leader: “I am especially proud that we were able to run Burns Harbor through the 2009–2010 recession without a single forced lay-off. We tightly controlled costs and then fully recovered and made 2012 the best year for the plant.” Hobbies/Interests: “I like to travel with my wife, Karen. Recently, we have enjoyed cruises through the Panama Canal and Mediterranean. I like to read, and I occasionally play golf and bridge.”
noted that because of his early years in research and technology fields, he always looks for opportunities to improve. He said, “I don’t have a standard formula — I do my best to understand each situation, the people involved, and the key levers for achieving substantial and sustainable progress.” He strongly believes that every individual has something valuable to offer for improving the business enterprise, as well as the local community. He shared, “My challenge is to unlock this potential.” Ranade continued, “I like to bring people together to build a cohesive team of members with different expertise and experiences. Major advances come from such cross-functional teams of people working together, where every member of the team feels needed, respected and valued.” For future leaders, Ranade encourages them to “learn to do at least one thing very well — well enough to be considered as an expert.” He also understands the importance of building relationships. He said, “As
a leader, you also have to focus on current and potential customers. It is important to get to know customers and understand their issues and opportunities.” He wisely noted, “In addition to satisfying quality and on time delivery requirements, you should strive to help customers achieve their own goals using your products and resources.” Ranade and Severstal share a commitment to contributing to the local community. Ranade emphasized, “Each business enterprise has an obligation to contribute to the well-being of the local community. I encourage my team members to support local causes.” The Golden Triangle and the state of Mississippi will certainly be beneficiaries of this commitment over the years to come. Martin Willoughby is a business consultant and regular contributing columnist for the Mississippi Business Journal. He serves as Chief Operating Officer of Butler Snow Advisory Services, LLC and can be reached at martin.willoughby@ butlersnow.com.
Winter’s story tells of fight for racial reconciliation and education
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» William F. Winter and the New Mississippi - A Biography By Charles C. Bolton Published by University Press of Mississippi $35.00 cloth cover
t’s hard to imagine a name more recognizable in Mississippi politics than William F. Winter. He has been a bold leader and part of — as well as witness to — many changes that have indeed helped to create the New Mississippi. Born in 1923 in Grenada, Winter’s political career spanned six decades. He served as a state legislator, state tax collector, state treasurer, lieutenant governor and governor. Now as this senior statesman is in his 90th year, Charles C. Bolton, a professor at the University of North Carolina at Greensboro, has honored Winter’s accomplishments and legacy by writing his biography. I’m old enough to remember Mississippi elected officials who did not make us proud as they fought tooth and nail to preserve “our Southern way of life.” William Winter, as his biographer describes him, was a voice of reason and compromise during the tumultuous civil rights battles, representing the earliest embodiment of the white moderate politicians who emerged throughout the New South.
On their website, Lemuria Books invites readers to share thoughts and memories of Winter. Former secretary of state and Winter staff member Dick Molpus wrote an especially interesting blog. He recalls the first time he heard Winter. It was in the sultry hot air of the Neshoba County Fair where political rhetoric was often as hot as the temperature. Only 13 years of age at the time, Molpus says Winter got a tepid smattering of applause from the crowd who weren’t accustomed to the message Winter proclaimed that “we, as citizens of the United States, have an obligation to follow the laws of our country.”
That’s hardly a radical thought now, but this speech was after hours of fist pounding over states’ rights and stump speeches based on the premise that “the South will rise again.” Molpus stepped up to Winter, introduced himself and said, “I want to be on your team.” I become aware of William Winter when he ran for governor against John Bell Williams, a U.S. Congressman. Winter lost and I was disappointed. The Williams campaign portrayed Winter as a liberal, which was tantamount to calling him Satan in Mississippi in those days. I had an occasion to talk with someone who worked on the Williams campaign, saying to him, “You know that’s not true about William Winter.” The reply was, “We know it’s not true, but that’s politics.” As a journalist I’ve had a couple of opportunities to interview Winter and found him forthright and gracious. With this biography, now we can all say, “Thank you, Mr. Winter for a job well done.”
— Lynn Lofton, mbj@msbusiness.com
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