DENTON January 2017
Business
CHRONICLE
www.dentonbusinesschronicle.com
Suite seventeen
Photos by Tomas Gonzalez
Construction continues Saturday at the Embassy Suites by Hilton Denton Convention Center at Rayzor Ranch Town Center. The facility is scheduled to open in November.
Hotel, convention center, WinCo facility highlight year’s projects By Jenna Duncan | Staff Writer Construction cranes are still around town, a sign of the changes to come in 2017 across Denton. Development in retail, commercial property and warehouse spaces is underway. Plus, University Drive construction is scheduled to be done March 31, according to the Texas Department of Transportation. Here are some major projects to track this coming year:
WinCo distribution center The 800,000-square-foot distribution center is set to open Sunday, Feb. 26, said Noah Fleisher, a spokesman for WinCo Foods. Hiring is underway for 165 new jobs at the distribution center and the majority of construction is complete, Fleisher said. “It’s down to the detail work,” he said. “Freezers and fridges are working, 2017 | CONTINUED ON PAGE 8
WinCo Foods trailers line the parking lot at the company’s distribution center in Denton, set to open Feb. 26.
Markets cheer ‘clean Brexit’ By Jill Lawless and Danica Kirka | AP
By Matt Payne | Staff Writer After 60 years, Weldon’s Saddle Shop & Western Wear closed Saturday. Two online auctions for shop merchandise will open Jan. 27 and 30, with a face-to-face auction featuring bits, spurs and owner Weldon Burgoon’s Western collectibles at 10 a.m. March 4 at 345 E. Hickory St. Though the longtime cowboy shop said adios to the city it witnessed change and grow, its legacy survives through Wilkinson, the luxury goods shop opened and operated by Burgoon’s grandson right
next to the former storefront. Golden Triangle Mall also said goodbye to The Limited shortly after Christmas. It’s unknown whether the clothing retail chain will close more shops nationwide, but several locations have reported lackluster sales, not unlike the closed Denton shop. Luckily, Denton residents can visit DFW Nail Bar for some tipsy TLC. Massages and nails done with a cocktail on the side await those who trek out to the Unicorn Lake development at 2900 Wind River Lane, PAYNE | CONTINUED ON PAGE 10
LONDON — Britain’s future outside the European Union became much clearer Tuesday: It’s so long to the single market, goodbye to the European Court of Justice and farewell to the freedom of movement for workers. In a long-awaited speech, Prime Minister Theresa May finally revealed the U.K’s hand as it prepares to start EU exit talks. She said the U.K. wants to free itself from EU governance and stop paying millions into its coffers but still remain friends, allies and tariff-free trading partners with the soon-to-be 27-nation bloc. “We want to buy your goods and services, sell you ours, trade with you as freely as possible, and work with one another to make sure we are all safer, more secure and more prosperous through continued friendship,” May said in a speech to diplomats and dignitaries beneath the gilded paintwork and chandeliers of a Georgian London mansion. “You will still be welcome in this country as we hope our citizens will be welcome in yours,” she said. Pro-Brexit British politicians praised the speech, and the pound rallied from recent lows as May provided
Kirsty Wigglesworth/AP
British Prime Minister Theresa May delivers a speech on leaving the European Union on Tuesday at Lancaster House in London. more details of the path ahead for the split with the EU — and vowed that Britain would remain “a great global trading nation” open to business and talent from around the world. Others called May’s vision wildly ambitious, like a divorcing couple who hope to remain best friends, share the kids and keep each other’s front door
keys. “This is rather like a divorce rather than ‘friends.’ And then the question is, divorces can be handled very well or very, very badly,” said Tony Travers, director of British government studies at the London School of Economics. BREXIT | CONTINUED ON PAGE 9
AR
2
JANUARY 2017
D
BC
Denton Record-Chronicle
Enterprising Voices
Know basics of the 85th Texas Legislature his new year brings with it a new Texas Legislature. The Legislature meets in odd-numbered years to enact, repeal or modify the laws of the state. The 85th Texas Legislature began Jan. 10 and will remain in regular session for the following 140 days. Following the regular session, Gov. Greg Abbott may call for special sessions lasting no more than 30 days apiece. Like the federal government, Texas government is divided into three separate but equal branches: executive (governor and state agencies), judicial (Texas Supreme Court and state courts) and legislative. The legislative branch in Texas is further divided between the House of Representatives and the Senate. Members of the House are elected to two-year terms. Senators are elected to four-year terms. There are 150 members of the House and 31 members of the Senate. A single House member will represent a district of approximately 167,500 people. A single Senate member will represent a district of approximately 811,000 people. Generally, a bill may be introduced either in the House or the Senate. However, a bill increasing taxes must begin in the House. Regardless of which legislative chamber a bill originates in, its passage is governed by the same general procedure. Bill filings take place during the first 60 days of the regular session. After that date, only certain special bills may be filed if consented to by at least three-fourths of the members present and voting in the House or at least fourfifths of the members present and voting in the Senate. Following the introduction of a bill, it must go through and pass the committee process. Both the House and Senate each have their own rules that govern the committee process. The public’s input through testimony is generally provided during this process. Following the consider-
T
Scott ALAGOOD | COMMENTARY
ation of a bill, the committee may either take no action or provide a report on the bill. If no action is taken, the bill is said to have “died in committee.” A committee report sets forth the committee’s recommendations for the bill, the committee’s vote on the report, the text of the bill and detailed bill analysis, and may include a note on any monetary or other effects the bill may have if enacted into law. If a bill has not died in committee, it is placed on an appropriate calendar for consideration by the originating chamber. Each legislative chamber has its own calendaring rules and procedures. Once a bill comes before the House or Senate for consideration, it is read before the full body of the chamber and then debated for passage. It is during this process that amendments to the bill may be proffered. However, amendments may only be adopted by a majority vote of the members present and voting. The members will then vote on whether to pass the bill or not. Any amendment proffered during a vote on final passage may only be adopted by a two-thirds vote. Each chamber has its own specific rules that may revise the exact procedure for a vote on a particular bill. Generally, a bill will pass upon a majority vote of the chamber members. Once a bill has passed either the House or Senate, it will be sent to the other chamber to go through the same process. If the bill is passed in the other chamber, then it is returned to the originating
Ashley Landis/DMN
The Texas Capitol is pictured on the first day of the 85th Texas Legislature, on Jan. 10 in Austin. chamber to be finalized and sent to the governor. If any amendments have been adopted in the other chamber, the originating chamber can either agree to those amendments or request a conference committee to work through any differences in the final language of the bill. If agreement is reached in the conference committee, the bill is sent to the governor’s
office for signature. Once received, the governor has 10 days to sign, veto or do nothing with the bill. If the bill is signed, it becomes law. If the governor vetoes the bill and the Legislature is still in session, the bill goes back to the originating chamber and the governor’s veto may be overridden by a two-thirds vote of both the House and Senate. If the governor fails to
sign or veto the bill, the bill becomes law after the 10 days have passed. Other rules govern the passage of constitutional amendments. The public can track bills through this process at Texas Legislature Online, www. capitol.state.tx.us. Know your federal and state representatives: www. fyi.legis.state.tx.us. Vote — it
Biz on the Wire
Calendar of Events
GM announces U.S. jobs plan
APIs and IPAs, hosted by TechMill, meets every other Tuesday at Harvest House, 331 E. Hickory St., for a techcentered hangout.
By Tom Krisher | AP Auto Writer DETROIT — General Motors plans to invest $1 billion in U.S. factories and add thousands of new whitecollar jobs, measures that have been in the works for years but were announced Tuesday after criticism from Presidentelect Donald Trump. In all, the Detroit automaker said it will create or keep 7,000 jobs in the next few years, including about 2,000 at factories. Another 5,000 new positions will be created at its auto financing arm and to develop advanced technology, electric and autonomous vehicles and information technology. Trump has demanded the auto industry build more cars in the U.S. GM said these latest actions have been in the works since well before the election, although spokesman Patrick Morrissey acknowledged it’s a good time to announce new jobs in the U.S. Trump will be sworn in as the nation’s 45th president Friday. “There’s no question there is an emphasis on job creation in the U.S. right now,” he said. “This is good timing for us to share what we are doing.” Morrissey said most of the new positions would be in Michigan, with exact locations to be revealed at a later date. The long-planned white-collar jobs will come in the next two or three years. GM said the factory investment will create or keep around 1,500 jobs at unspecified factories. In addition, 450 new pickup truck axle-making
Tuesday, Jan. 31, 6:30 p.m. Tuesday, Feb. 14, 6:30 p.m.
Argyle Planning and Zoning Commission meets the first Tuesday of the month at 308 Denton St. Tuesday, Feb. 7, 6:30 p.m.
Courtesy photo/General Motors
President-elect Donald Trump has threatened General Motors with a tax for importing the Chevrolet Cruze hatchback from Mexico. On Tuesday, GM said it plans to invest $1 billion in U.S. factories and create or keep 7,000 jobs in the next few years. jobs that will be moved to Michigan from Mexico. GM said an unidentified company that will make parts for the next-generation pickups will move 100 jobs from Mexico to Michigan. Trump has attacked GM and other automakers for building vehicles in Mexico and shipping them to the U.S. He has threatened to impose a 35 percent border tax on automotive imports from Mexico. Ford Motor Co., Hyundai Motor Co. and Fiat Chrysler Automobiles U.S. LLC also have recently announced large investments in their U.S. operations and the creation of new jobs. It’s a pattern of auto companies making jobs announcements to head off criticism from Trump, who made keeping U.S. factory jobs a key element of his campaign. “General Motors’ announcement today is mostly theater to play in the news cycle created by Presidentelect Trump’s tweets,” said
Michelle Krebs, an auto industry analyst for Kelley Blue Book. “These investments and hiring plans have long been in the works.” Still, Trump claimed credit for bringing auto jobs on Twitter on Tuesday morning. “With all of the jobs I am bringing back into the U.S. (even before taking office), with all of the new auto plants coming back into our country ... I believe the people are seeing ‘big stuff,’” he wrote. Trump threatened GM with a tax for importing Chevrolet Cruze hatchbacks from Mexico. Cruze sedans are built in Ohio. Earlier Tuesday, Hyundai said it will significantly increase its investment in the U.S. while Trump is president and is considering building a new U.S. factory. Earlier this month, Ford announced it had scrapped plans to build a $1.6 billion small-car factory in Mexico, while Fiat Chrysler announced a $1 billion investment plan in its two U.S. factories.
Denton Black Chamber of Commerce meets the second Tuesday of the month at the Denton Housing Authority, 1225 Wilson St. Tuesday, Feb. 14, 6 p.m.
Denton Chamber of Commerce hosts the Smart Business 101 series regularly for members at the chamber office, 414 W. Parkway St. The event is free to members and $15 for nonmembers. Tuesday, Jan. 24, 11:45 a.m.
Denton County Young Professionals host meetings every Wednesday, except for the first of the month, at Loco Cafe, 603 N. Locust St. Wednesday, Jan. 25, 7:15 a.m. Wednesday, Feb. 15, 7:15 a.m.
Denton County Young Professionals hosts a monthly mixer at a new business each month. February’s mixer will be at Audacity Brew House. Thursday, Feb. 2, 5:30 p.m.
Denton Hispanic Chamber of Commerce holds its monthly lead generator luncheon the second Tuesday of the month. It is held at Sidewalk Cafe, 2900 Wind River Lane, and admission is $5 for members and $10 for guests.
matters. Information in this column was taken from www.house. state.tx.us/about-us/bill. R. SCOTT ALAGOOD is certified by the Texas Board of Legal Specialization in commercial and residential real estate law and can be reached at alagood@ dentonlaw.com and www.dentonlaw.com.
Lake Cities Chamber of Commerce holds weekly coffee meetings at rotating businesses on Wednesdays. Locations will be listed at www.lakecitieschamber.com/ chamber-events. Wednesday, Jan. 25, 7:15 a.m. Wednesday, Feb. 8, 7:15 a.m. Wednesday, Feb. 15, 7:15 a.m.
Little D Open Coffee Club, hosted by TechMill, meets every other Tuesday at West Oak Coffee Bar, 114 W. Oak St., to discuss technology and startups.
Tuesday, Feb. 14, 11:30 a.m.
The Denton League of United Latin American Citizens No. 4366 meets the third Saturday of every month at the Denton Senior Center, 509 N. Bell Ave. Saturday, Jan. 21, 9:30 a.m.
Electronics recycling takes place at The Cupboard Natural Foods and Cafe, 200 W. Congress St., the second Saturday of each month. Drop off any computer-related electronics for recycling. Visit www.computercrusher.com for a list of acceptable items and more information.
Tuesday, Jan. 24, 8 a.m. Tuesday, Feb. 7, 8 a.m.
NodeSchool Denton, hosted by TechMill, meets every other Saturday at Aura Coffee Shop, 1306 Hickory St. Saturday, Jan. 21, 10:30 a.m. Saturday, Feb. 4, 10:30 a.m.
Sanger Chamber of Commerce holds a networking leads luncheon the fourth Wednesday of every month. RSVP at http://sangertexas. com. This month’s luncheon will be held at the Wal-Mart Distribution Center, 2120 N. Interstate 35. Wednesday, Jan. 25, noon
Saturday, Feb. 11, 8 a.m.
Who to contact Scott K. Parks Managing Editor 940-566-6879 | sparks@dentonrc.com Jenna Duncan Business Editor 940-566-6889 | jduncan@dentonrc.com Sandra Hammond Advertising Director 940-566-6820 | shammond@dentonrc.com Shawn Reneau Retail Advertising 940-566-6843 | sreneau@dentonrc.com
D
Denton Record-Chronicle
3
JANUARY 2017
BC
Enterprising Voices
Get your marketing ready to meet 2017 ow that the new year is in full swing, you’ve probably pulled yourself out of holiday mode and back into grind mode. Maybe you went kicking and screaming, maybe you went with a sense of relief, but you’re here. And something tells me — call it a sixth sense — that you might not have put together the 2017 business and marketing plan you intended to put together. It’s OK, I forgive you — we all let things like this slide, despite the best of intentions. But with a new year come new challenges for your business. Every year is a chance to improve on what you did before; to implement new ideas and discard old marketing tactics or business processes that didn’t work; to finally put together that marketing plan you always say you will; to finally shoot for some serious growth. But now your holiday free time has come and gone, and the hope of creating a plan and putting it into motion is rapidly slipping away, especially as day-to-day operations get back into full swing. It seems as if you’ve just missed your chance again, like the window of opportunity has closed — that you’ll just have to wait until next year. I urge you to think otherwise. You didn’t get where you are now by letting negative attitudes get the best of you, or by letting procrastination win.
N
Get a marketing plan in place now “There’s no time like the present!” said someone famous. Nowhere is this truer than in the world of business. It’s easy to look at how your business is chugging along
Heather STEELE | COMMENTARY
and say, “Well, I missed my opportunity over the holidays to set up a plan for the new year. It’s too late!” Nothing could be further from the truth. Every day, you have an opportunity to create a plan and put it into motion. The new year may be here, filling your days with plenty of business, but that doesn’t mean you’re out of chances. Or maybe the new year hasn’t been so good to you. Maybe the new year has been a little stingy, and you find yourself with too much free time. I know your instinct might be to get out there, beat the pavement and try to drum up new business, pushing harder on your current marketing efforts. I understand. But if you have more free time than you’d like, take a few precious hours and use them to create a plan. It’s much better than nothing, and I’d argue that it’s better than doing the same old thing over and over. You may just find, while you’re digging deep into your business, your processes and your marketing, that there are some opportunities you’ve been missing.
A simple plan is better than no plan One of the biggest struggles I see business owners
Wavebreak Media/Thinkstock
have (at least when it comes to planning their marketing) is actually putting pen to paper. They get overwhelmed. Believe me — I’ve been there. I’ve been stuck, feeling like I would never be able to get my gears turning again, like my business was failing and I just had to work harder, using the same old marketing tactics that I’d always used, to get back on track. (You can read more about how I got stuck — and how I got unstuck — at www.bluesteelesolutions.com/ getting-unstuck.) But you don’t have to stay stuck in fear! You definitely don’t have to stay stuck in your old ways of doing things. It’s often true that the marketing tactics of yesterday aren’t going to cut it for your business today, that the processes you had in place two years ago
ACCESS
“
AccessBank Texas is very convenient and hassle-free. Everyone is friendly from Cleve Breedlove, CEO, to the teller who greets you the moment you w walk lk in the lobby.
”
need a revamp to be more efficient and effective. It’s OK to admit that things have changed and that you need to change with them.
It’s worth the work The mountain of work required to get from old to new can seem intimidating, and you might not even know that something is broken until you dig in there. When weighed against something you could do now to bring business in the door — something that’s always worked for you in the past — taking the time to analyze your marketing processes and create a marketing plan can seem like a waste of time. From the other side, when business is flowing like crazy, it can seem like a fool’s errand to stop working and pour your valuable energy into a market-
TO O PROTECT YOU UR
ing plan that can seem, frankly, unnecessary. Both sides are wrong. As in most areas of life, the answer lies somewhere in between. You don’t have to feel like you need the most amazing, detailed, incredible, mindblowing marketing plan that’s ever graced the face of Earth to move forward. Your plan doesn’t have to be complicated (though it can be). Even a simple plan, with a few goals and a few specific tactics, can do immeasurable good to your business ... especially compared with no plan at all. And whether you’re busier than ever or not even close to busy enough, you can benefit from just getting started.
Start with analysis Before you create your marketing plan, you need to
know where you stand. You should analyze your current marketing (or lack thereof) to find out what you’re doing right, what you’re doing not so right, and to try to figure out how you can improve. We’ve got a free, comprehensive marketing analysis e-book for just this task that you can download at www. bluesteelesolutions.com/ resources/analyze-your-market ing. Once you’ve analyzed your current marketing and you have a clear idea of what you’re doing, you can start fleshing out your plan. Now get to work. HEATHER STEELE is the founder of Blue Steele Solutions. She can be reached at heather@bluesteelesolutions. com.
DREAMS
Bob Eames of Holmes, Diggs & Eames Law Firm with Michelle Houston, AccessBank Texas
At AccessBank Texas, our commitment to superior customer service is seen at all banking levels. Come see any of our experienced lending team today!
Call today! (940) 382-3962
Community Bank of Choice
320 Eagle Drive, Suite 100 • Denton, TX 76201 AccessBankTX.com • NMLS#729887
Member FDIC
KP
4
JANUARY 2017
D
BC
Denton Record-Chronicle
Enterprising Voices
Helping entrepreneurs start businesses, create jobs in ’17 S
Rupert King/Thinkstock
Value investing returns prove solid once again “What we learn from history is that people don’t learn from history.” — Warren Buffett ur columns over the years have focused on the truth that value investing strategies are the only ones to outperform over the long term. Periodically, value strategies do lag. But these periods often give way to the longer-term outperformance trend. 2016 seems to have marked another period where “value” regained its outperformance dominance after lagging in 2014 and 2015. While this was just another data point in a much longer arc of investing performance, many of our partners asked what contributed to our excellent results last year. A concentrated value approach stands in contrast to the high-priced, passive indexes into which many market participants continue to race. And while there remains a small cadre of managers who still cling to the value investing mindset, we think it is important to illustrate what makes some special. First and foremost, investors should demonstrate extreme stoicism in the face of fear and ebullience. When the markets are afraid and traders are selling everything indiscriminately, great investors are happy to put more capital to work. Conversely, when an out-of-favor bargain regains popularity, you should be happy to part ways with a successful investment once it converges towards your view of fair value. No one can tick the top or the bottom, but it is important to insulate yourself against the raging emotions flaring in the markets each day. This stoicism can be enhanced if you employ little to no leverage. Lots of funds borrow money — often five to 10 times their partners’ equity capital — to buy more of what they like to juice their returns. This works well when things go in their favor but can cause their fund to blow up during severe market declines. It’s far better to give away a few points of upside return to ensure you are never a forced seller when markets are in panic mode. Most investors’ size allows them to be extremely nimble. An individual investor or small fund can establish and exit positions over time so that their intrinsic value estimates can become anchor points for buys and sells. This nimbleness extends to the investment types they can pursue. Many funds have a fixed mandate restricting their
O
Jonathon FITE | COMMENTARY
investment universe to “small cap” stocks only, or “domestic large caps” only, or investment grade bonds only, or other such constraints. These seem like silly constraints. Managers with an operational (rather than a purely financial) background may be able to locate opportunities others don’t readily see. It is important to sift through the noise to discover where true opportunities may lie. Sometimes fund managers can exert influence in the opportunities they find. This can be as simple as presenting an investment thesis in public forums or research conferences. But this influence might extend to drafting communication frameworks for the companies to use themselves as they communicate their own value proposition to investors. Sometimes fund managers engage the board of directors of a company, suggesting capital allocation strategies and even personnel changes. On rare occasions, these fund managers might seek and secure seats on the boards of directors of the companies in which they have invested to
oversee investment decisions by the company. Ideally, these factors are complemented by a focus on long-term inflation protection. Investment returns also must combat the ravages that debased currencies, fiscal deficits and monetary stimuli have on the long-term purchasing power of savers. Finally, a highly committed capital base helps a lot. While most fund managers worry about redemptions in a bad quarter or whether their strategy is “hot” in a given year, investors with a steady hand can enable investment managers to make sound long-term decisions. The principal themes in our columns have been reminders to seek value. Do not chase momentum stocks or fads, but ground your investments in large margins of safety, where the intrinsic value of the businesses in which you invest is substantially higher than the prevailing market price. This is the only proven strategy for outperformance over the long run. JONATHON FITE is a managing partner of KMF Investments, a Texas-based hedge fund. Jonathon is a lecturer with the College of Business at the University of North Texas. This column is provided for general interest only and should not be construed as a solicitation or as personal investment advice. Comments may be sent to email@KMFInvestments. com.
mall businesses in Denton County contribute to the strength of our nation’s economy and are at the center of job creation, innovation and global competitiveness. A Cabinet-level agency, the U.S. Small Business Administration’s priority is to ensure we are doing all we can to help small businesses thrive. In Denton County, the SBA has approved 1,487 small business loans since 2009 valued at nearly $760 million combined. These loans helped create 9,054 jobs and retain 10,067 jobs. Fiscal 2016 loan approvals in Denton County represent a 156 percent increase from loans approved in fiscal 2009. In addition, the fiscal 2016 loan volume of $200 million shows a 354 percent growth over the $44 million in loans approved in fiscal 2009 in Denton County. As 2017 begins, the SBA is ready to support another 12 months of record economic development in Denton and the other 71 Texas counties in the Dallas-Fort Worth District. These deals help local entrepreneurs hire more employees, buy equipment and purchase new facilities. The SBA implemented new technology recently that automated and streamlined the loan process, helping lenders close deals faster and get capital to business owners quicker. Access to SBA financing is more accessible than ever with LINC (Leveraging Information and Networks to access Capital). Instead of searching for a banker, Denton County entrepreneurs can visit SBA’s website, answer 12 questions
Herbert AUSTIN | COMMENTARY
about their company and hear back from area lenders in 48 hours. With dozens of military bases and federal agencies across Texas, small businesses have opportunities to grow their companies and hire more employees with government contracting. In fiscal 2016, Dallas-Fort Worth District contracting firms were awarded $156 million in government contracts under SBA’s 8(a) Business Development Program. The federal government met its 5 percent statutory goal for the first time in fiscal 2016 for contracting with woman-owned companies. In the Dallas-Fort Worth District, woman-owned firms received over $247 million in federal contracts in 2016. The SBA has rolled out a new website, www.certify. sba.gov, that Denton County’s woman-owned small businesses can use to apply for the certification needed to compete for their share of these deals. Bonding is a key requirement when working on federal projects. Companies that need bonding or want to bid on bigger jobs can use SBA’s Surety Bond program, which guarantees work for small businesses.
Finding a great mentor is one of the smartest moves an entrepreneur can make to boost their chances of success. If your New Year’s resolution involves starting a small business or growing an existing one, the SBA and its partners can help with free and confidential one-on-one counseling, training and mentorship. Last year, nationally, these mentoring efforts helped small firms secure more than $4.7 billion in capital, start over 13,500 new companies and create and retain more than 70,000 American jobs. The SBA’s business resource network comprises SCORE (formerly Service Corps of Retired Executives), Small Business Development Centers, Women’s Business Centers and Veterans Business Outreach Centers. Together our partners serve and mentor our country’s dynamic demographics including women, encore entrepreneurs, veterans and millennials. So if your New Year’s plans involve starting, growing or managing a small business, connect with one of SBA’s resources partners or your local SBA office by visiting www.sba.gov. In 2017, the SBA will continue our mission of representing small business owners in Denton County, because when they succeed, this state and our nation do too. HERBERT AUSTIN serves as the U.S. Small Business Administration’s Dallas-Fort Worth District director and oversees the agency’s programs and services in 72 Texas counties, including Denton, Tarrant and Dallas.
Digital Copy Center
Offset Printing
Direct Mail Merge
Full In-House Bindery
Graphic Design Services
Signs and Banners
940 648 3581 x401
kelly.worthington@globalimpressions.com
globalimpressions.com
9750 Industrial Rd • Justin, TX 76247 CR
Global Gl bl IMPRESSIONS
HEATING • AIR CONDITIONING • PLUMBING • CONTRACTING & SERVICE
Serving Denton and the Surrounding Communities Since 1984. Licensed and experienced professionals to service your residential or commercial plumbing, heating or air conditioning needs. 400 E. Oak, Denton, Texas
TACLA005013C
M 9673
940-565-1010
AR
D
Denton Record-Chronicle
5
JANUARY 2017
BC
Area Chamber Roundup Greater Argyle Chamber of Commerce
Sanger Area Chamber of Commerce
The Greater Argyle Chamber of Commerce is off to a running start in 2017. On Jan. 11, we proudly welcomed new member The Shops at Highland Village with a mixer and ribbon-cutting hosted by Patrizio Highland Village. On Tuesday, county Commissioner Andy Eads was to address our breakfast meeting. We will finish the month with our networking luncheon at Prime Farm to Table Restaurant in Highland Village on Jan. 25. Breakfast and lunch are open to guests. Attendees can register by visiting www.argylechamber. org and clicking “event registration.” At our December breakfast, state Rep. Tan Parker gave us a preview of what to expect in the 85th Texas Legislature and assisted outgoing chamber president Phil Loftis in distributing checks to our nonprofit members that participated in two fundraisers, Taste for Good and Caring at Christmas. Ten nonprofits received checks ranging from $250 to $750 depending on their level of participation. Following the presentation of checks, Gavin Fleten, our vice president of events, and Parker surprised Loftis with a plaque honoring his leadership for three years during which our chamber grew from 25 to 170 members. The Greater Argyle Chamber of Commerce draws members from the Argyle, Bartonville, Copper Canyon, Double Oak, Highland Village, Flower Mound and Denton areas who believe that giving back to the
The Sanger Area Chamber of Commerce is pleased to announce that our annual awards banquet will take place Saturday, Jan. 28 at the Elks Lodge at Lake Ray Roberts Marina on Ray Roberts Lake. The theme this year is Mardi Gras, so come prepared to enjoy the festivities. The event will begin with a cocktail hour at 5:30 p.m., with dinner and awards starting at 6:30 p.m. A casino night and auction will follow the awards ceremony. Tickets are available for $50 apiece, or table sponsorships can be reserved for $350 (seating for eight). Best decorated table will receive a special prize. Business awards will be presented for business of the year, new business of the year, citizen of the year and the Silver Service Award. For more information, visit www.facebook.com/Sanger ChamberofCommerce or http://sangertexas.com/events or email us at sangerchamber @sangertex.com.
The Argyle Chamber of Commerce held a ribbon-cutting for Patrizio Highland Village and The Shops at Highland Village. community is an important component of doing business. In 2016, 150 members gave almost $15,000 to various nonprofits through funds raised by our golf tournament, Taste for Good and Caring at Christmas. Visit our new website at www.argyle chamber.org for more information.
Aubrey 380 Area Chamber of Commerce We hope everyone had a great holiday season. Here at the Aubrey 380 Area Chamber of Commerce, we are looking forward to an exciting 2017. Leading the chamber this year will be our 2017 Board of Directors, comprising: president Melissa Geiger of Ciera Bank; vice president Mike Thompson of Mike Thompson Nationwide Insurance Agency; secretary Tawny Laney of Picture This! Photo Booth and Video Booth Rentals; treasurer Luke Olson, city
Ten nonprofit members of the Argyle Chamber of Commerce received checks from the organization during its December breakfast. manager of Oak Point; and directors Tommy Payne, Aubrey police chief; Ellen Painter of Texas Health Presbyterian Hospital Denton and Palette Financial Group; Merry Hopper of Hopper Ranch; Sandi Holt of Winterhaven’s Crowning Touch; Teddi Lee, Cross Roads town secretary; and our newest member, Sherry Massey of Lake and Country Living Magazine. A big “thank you” goes out
to Don Richmond, manager of the Aubrey Branch of DATCU, who is leaving the board after seven years. Thanks, Don! We are organizing the committee for our Casino Night, which will be held again this year at the new Diamond T Arena on April 29. Mark your calendars.
Pilot Point Chamber of Commerce Hello, 2017. The Pilot Point Chamber of Commerce is on the move. We break ground this month on a new, exciting building that will house the Pilot Point Chamber of Commerce, the Economic Development Center and the Main Street Program. The new building will sit on the historic square and become a gateway to growth
and communication in our special city. Over the holidays, I even heard someone call Pilot Point the little brother of Denton because we are building a great future here. New this year features a monthly payment membership program that allows businesses to take advantage of our networking, training and social advertising for a nominal fee. Pilot Point understands that small and large businesses need the opportunity to break up payments and not have to pay to play upfront. We are also excited to announce that we are launching our new live and interactive chamber master website in the next several weeks. So if you are ready to let me help you expand your business through social media and networking, call today. We’re inviting everyone to come out to the Let the Good Times Roll Party on Saturday, Feb. 4. We will have a full casino, showgirls, live band, dancing, food, games, prizes and complimentary beer, wine and champagne. If you do not know us, please save the date and come! Call for more details and enjoy a fabulous night of fun, food and entertainment. Our first luncheon of the year will be 11:30 a.m. to 12:30 p.m. Thursday at the PointBank community center. Please join us. The cost is $12 for nonmembers. RSVP at 940-686-5385 or call for additional information.
OC Mobile Welding & Fabrication Services Your Location or Ours! Repairs • Residential Commercial • Industrial New Fabrication
(972) 510-4294 HQ
JS
JS
At AlphaGraphics we offer
We are a Dave Ramsey SmartVestor Pro
a full range of print services to support your business and
2412 Old North Road, Suite 103 Denton, TX 76209
increase your reach. Our AG
940.566.1212 DIRECT mike@stockerwoods.com www.stockerwoods.com
Signs product line is the ideal way to create a BIG impression and get your
Mike Woods, CFP® President & CEO / Wealth Advisor
company noticed. Indoor,
outdoor,
WE’RE HERE TO SERVE YOUR FINANCIAL NEEDS! Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer. Member FINRA/SIPC. Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor.Cambridge and SWF are not affiliated. Best of Denton award results are based on a general reader AR poll and do not reflect investment performance or client experience.
trade
show, or banner, we have
South Denton Plaza and Tom Fouts Property Management
an AG Signs solution for
Congratulate Fit-N-Wise
all of your large format
For Opening a 10,000 sq ft Physical Therapy Center at 2100 Sadau Court in Denton
needs.
LET US HELP YOU WITH: Design Services • Vehicle Graphics • Wall & Floor Graphics Window Graphics • Office Signs • Engineering Copies Mailing Services • Bindery Services • Stationery • Business Cards Newsletters • Brochures • Flyers • Posters Banners • Folders • CD/DVD Printing
AHEEEHA CCMN DGGJOBFH AHEEEHA BNFFFNB MKBLMLFKACFDM BNFFFNB HMBENEFC JICOBLDFFCKJODKLGNFC GFOBJOFLHJAEINCLKDKJGAJGNFFIJ KMDKAFFFEKDO MAANKFHAKOFHNID ENNNFNEHIDFGCGEODBCFAHFHABDJL A BBB A JAGHJ OL B EEHEDCBGJ HHHHHHH HHHH HH H H HH H H
Cody Martin, Jessica Hooper, Kaitlin Anderson, and Will Cross are available to personally help you with Life Fitness, Physical Therapy and Sports Medicine needs.
940.891.1200 | 521 South Loop 288 Suite 145 in Denton us471.alphagraphics.com AlphaGraphicsDenton AR
AR
6
JANUARY 2017
D
BC
Denton Record-Chronicle
Enterprising Voices
Chamber gearing up for key initiatives e began the final quarter of the 201617 program year Jan. 1. We’ll use the next three months to ramp up to some key initiatives scheduled for early in the next program year, which will begin April 1. Back by popular demand, the Denton Means Business 5K is set for the morning of Saturday, April 8 at Apogee Stadium. We had over 200 registered runners in 2016. Although it was intended as a fundraiser for the Denton Chamber of Commerce, our board agreed to pass along a small portion of the 2017 proceeds to the Mayor’s Summer Youth Jobs Program. Following graduation of the Leadership Denton class of 2017 during the chamber’s April 28 membership luncheon, we will begin accepting applications for the 33rd class. To date, a total of 558 individuals have gone through Leadership Denton. The alumni include two Denton mayors, numerous
ing list of community service volunteers of all ages, ethnicities and backgrounds. Application is open to any individual who is a citizen of the United States, is of voting age and has lived or worked within the boundaries of the Denton school district for at least one year as of August 1, 2017. The “Thrive Denton” business summit in May will feature noted economist Ray Perryman. Breakout discussions will focus on retaining,
W
Chuck CARPENTER | COMMENTARY
City Council and school board members, various representatives of the bench and a grow-
sustaining and growing our local talent pool in the areas of technology, workforce, health and wellness, and creativity. April 1 also marks the beginning of a new five-year organizational strategic plan cycle. The final components of the plan will be approved at our March board meeting. Among the more significant goals of the period will be to evaluate and redefine the relevance of our chamber to the next generation of potential members.
Based on the original fourpoint Building Plan adopted in 1995, we hope to pursue appropriate enhancements to our existing office headquarters, including improved access to the second floor and a new roof. The Denton chamber offices have been located at the corner of Parkway Street and Carroll Boulevard since 1975. The symbolic transition into the new program year will take place during our annual membership banquet
March 23. Jim Fykes of Peterbilt Motors Co. will accept the board chairman’s gavel from Glenn Carlton, head of the North Texas State Fair Association. Call the Denton chamber office at 940-382-9693 for more details on all program initiatives, events and services. CHUCK CARPENTER is president of the Denton Chamber of Commerce. He can be reached at dcoc@ dentonchamber.org.
Biz on the Wire IMF boosts forecast with Trump set to lead By Martin Crutsinger | AP WASHINGTON — The International Monetary Fund on Monday raised its forecast for the U.S. economy over the next two years, saying President-elect Donald Trump’s policies should boost economic growth, particularly in 2018. But officials warned that if Trump’s protectionist trade proposals set off a trade war, that could be “quite destructive” for the global economy. The IMF also increased 2017 growth projections for a number of other countries including China, Germany, Japan and Britain, but warned that the global economy faced a number of downside risks, from rising protectionism to a jump in interest rates. The 189-nation global lending agency’s latest economic outlook took note of the significant impact Trump’s election has already had in giving a boost to U.S. stock prices, interest rates and the dollar. The new outlook puts U.S. economic growth at 2.3 percent this year and 2.5 percent in 2018. That would be an improvement from lackluster U.S. growth around 1.6 percent in 2016. Trump has said his policies of tax cuts, regulatory reform and boosts in infrastructure spending will lift U.S. growth to annual rates of 4 percent. The new forecast represents a boost of 0.1 percentage point this year and an increase of 0.4 percentage point for 2018, when Trump’s stimulus plans would be expected to be phased in. That is a half-point higher growth than the IMF was forecasting in October, before Trump’s election. IMF Chief Economist Maurice Obstfeld said Monday that he viewed the IMF’s upgrade for the United States as a moderate increase that took into account the election results. “We now have the presidency and the legislative branch in the same hands. It seems very clear to us that some of the promises will be delivered on,” Obstfeld said. He said that the IMF had chosen to not incorporate Trump’s threats of higher tariffs on China and Mexico if their trade policies do not change because of a belief “that at the end of the day, countries will realize these are not in their best interests given the threat of retaliation.”
AR
ADVERTISEMENT
Prenuptial Agreements: “To Do” before “I Do”? The minute you get engaged is the minute you begin realistically thinking about the “to do” list for your wedding. “Where are we going to have it? Should we have it inside or outside? Spring or summer? What lawyers should we choose?” Wait... what? That’s right. Picking the lawyers may need to be on the “to do” list. Something to think about: a prenuptial agreement is not just for marriages that end in divorce. The unfortunate reality is that while many marriages do end in divorce, those that don’t will end in death. In fact, 100 percent of marriages that don’t end in divorce end in death. And in either case, there are assets to be distributed. While it is certainly unromantic to discuss and negotiate a prenuptial agreement, it can save a lot of heartache and money when it comes time to distribute those assets on divorce or death. What Is a Prenuptial Agreement? A prenuptial agreement is a contract between two future spouses and it becomes valid on the date of marriage. A prenuptial agreement is presumed valid and it is very difficult to set aside such an agreement. Furthermore, just because a prenuptial agreement may be perceived as “unfair” upon death or divorce does not mean it can be set aside. In addition, the prenuptial agreement survives the death of the spouses, so it is wise to be done in coordination with estate planning.
will be each person’s separate property. Separate property cannot be divided in a divorce and is protected upon death. • To prevent claims against a party’s separate property in the case of divorce or death. • To provide for the division of property in the case of divorce. • To provide for property upon death. • To make provisions with regard to income and assets acquired during the marriage. • To provide for (or eliminate) spousal support or spousal maintenance (a/k/a alimony) in the case of divorce. • To provide for income taxes and income tax filings. • To make provisions for the use and ownership of real estate upon divorce or death. • To provide for business interests. For example, if one spouse has an interest in a business(es) at the time of marriage, or acquires additional interests in businesses during the marriage. Without a premarital agreement in place, determining the community and separate portions of the business(es), and the value of these business(es),
can be time-consuming, emotional and expensive. • Prenuptial agreements can provide for numerous other things, but not for child support, visitation, parental rights or custody. Most prenuptial agreements contain a list of each person’s assets and liabilities so that they are each informed about the property of the other person. However, property changes over time, so identifying what is separate and what is community property may still be difficult if proper bookkeeping is not followed. Another purpose of a prenuptial agreement is to prevent costly court battles upon divorce or death; however, this depends on how well the prenuptial agreement is drafted. In layman’s terms: a poorly drafted prenuptial agreement can actually cause litigation to occur and therefore increase costs. So this poorly drafted agreement must then be litigated before the case can proceed... a problem that could have been prevented from the start by a well drafted prenuptial agreement. How Is a Prenuptial Agreement Negotiated?
A prenuptial agreement can be created in a back-and-forth negotiation process by each future spouse’s attorney on his or her behalf. Another option, if the attorneys cannot reach an agreement, is to utilize mediation. Yet another premier option for creating a prenuptial agreement these days is to utilize collaborative law with two collaboratively trained attorneys. Instead of a back-and-forth process, collaborative law brings the parties and their attorneys together to create the prenuptial agreement. How Do I Know if I Need a Prenuptial Agreement? Those who may not need a prenup: young couples getting married for the first time, with little or no assets, and without the expectation of large inheritances or trusts from their families. Those who may need a prenup: couples coming into a marriage with assets of their own or the expectation of assets from a trust or inheritance. In this case, a prenuptial agreement could be a must-have. It would provide certainty for both parties and protections that can go beyond the laws governing the division of assets upon divorce or death. Those who didn’t at first, but are rethinking the decision: couples that didn’t enter into a prenuptial agreement always have the option of entering into a postnuptial agreement (a marital agreement made after marriage). These are largely the same as prenuptial agreements.
Texas is a community property state. This means that upon the date of marriage, all property is presumed to be community property. The Texas Constitution (Article 16, Section 15) provides for prenuptial agreements. What Does a Agreement Do?
Once the wedding dress is purchased, the flowers ordered, and the RSVP’s sent, the timing to discuss a prenuptial agreement is probably not optimal. The further the distance in time from the wedding, the better the chance of negotiating a prenuptial agreement more peacefully. So if you think you need, or simply want a prenuptial agreement, it’s best to start early by putting “consult with a family law attorney” on the wedding “to do” list.
Prenuptial
The most common reasons for a prenuptial agreement are as follows: • To designate which property, if any, will be community property. • To designate which property
(From left to right) Brook Stuntebeck, Sean Abeyta, Charla H. Bradshaw, James Logue, and Sarah Darnell
Denton 320 West Eagle Drive Suite 200 Denton, Texas 76201 (940) 442-6677
Dallas 1717 McKinney Avenue Suite 1500 Dallas, Texas 75202 (214) 871-2727
Southlake 181 Grand Ave Suite 225 Southlake, Texas 76092 (817) 481-2710
Plano 5700 West Plano Parkway Suite 2200 Plano, Texas 75093 (972) 769-2727
Houston 109 North Post Oak Lane Suite 425 Houston, Texas 77024 (713) 828-5090
KoonsFuller, P.C. has experienced attorneys who have the knowledge and resources to serve clients in matters including divorce litigation; property division of any size and complexity; marital agreements both before (prenuptial) and after marriage (postnuptial); asset tracing, valuation and division; child custody, visitation with children, child support and paternity; grandparent and third party rights to children, such as aunts and uncles; and trial and appellate work, as well as litigation alternatives such as mediation, arbitration and collaborative law, across Texas, and in certain cases the nation.
ABOUT KOONSFULLER KoonsFuller, P.C. is the largest Southwest-based family law firm with five Texas locations – Dallas, Southlake, Plano, Denton and Houston. For more information, visit www.koonsfuller.com
www.KoonsFuller.com AR
D
Denton Record-Chronicle
7
JANUARY 2017
BC
Enterprising Voices
Help available for local small businesses mall business is the engine of any community. This is particularly true of Denton, which is home to several exciting small businesses in the areas of technology, health care and services. Small businesses are very customer-oriented and have the flexibility to be innovative. So what is a small business? It is defined as a business with 500 employees or less. The uniqueness of a small business is that the company is passionate about what it does, and it is heavily invested in the local community. This means that small businesses help fuel local employment and they tend to know their customers very well. They bring growth and innovation to the community. But along with these great “plus points” come several “pain points.” So what are some of the issues confronting small business owners? Over the last few years, students in my small business management class at Texas Woman’s University have worked on class projects with a variety of Denton-area small businesses. While we deal with different issues, the concerns we hear most often are about marketing, name recognition and lack of time.
S
Marketing with little or no marketing budget Small businesses rarely have huge marketing budgets — if at all. There is pressure to use multiple marketing strategies, since customers are so diverse in how they respond to marketing messages. Trying to do it all is overwhelming and counterproductive. This is
Pushkala RAMAN | COMMENTARY
where having a marketing plan can be very helpful. The plan will help you identify and focus on the most effective strategies. It will give you an idea of what you need by way of resources. It will force you to set your goals and work toward achieving those goals over a period of time. The plan can be reviewed, measured and adjusted to accommodate changing trends in the marketplace.
‘Nobody knows my name’ This is a concern that aligns with the marketing theme. Small businesses face the hurdle of lack of branding. Customers cannot do business with you if they do not know you exist. As a business grows, there is a need to expand the customer base and increase visibility of the business. Branding is not all about pouring money into big-budget advertising. It can be done on a shoestring budget with careful use of online marketing, social media, local networks and more. The trick is to choose the right platform for your business and to measure the effectiveness of the marketing tools that you use. For instance, you could provide Facebook customers
Szepy/Thinkstock
For small business owners, trying to do it all can be overwhelming and counterproductive. This is where having a marketing plan can be very helpful. with a unique coupon and track the resulting leads. If the sales generated meet your expectations, you know you want to continue with that platform. The second aspect of branding is to be consistent across all platforms. The same logos, colors and brand message must be presented in every setting.
‘I don’t have time!’ Lack of resources is the single biggest problem faced
by small business owners. This includes insufficient people and time. As I often tell my students, the bane of the small business owner is that she has to be the CEO, the salesperson and the janitor — very often at the same time. What can you do to help yourself? Take advantage of being in Denton, which has two very fine universities and numerous students who are eager to apply their knowledge. In other words, outsource the tasks for which you
do not have time, expertise or funds. There is no point in having a social media marketing strategy if you cannot refresh the content in a timely fashion. Students are naturally built to master social media and digital platforms. Use them as interns. But do not forget that you have to set goals and provide supervision. You still control the message. TWU’s “learning by doing” motto means that classes are
seeking projects that can give students real-world experience under the guidance of their professors. Use these classes to develop your marketing plan or business plan. Once the plan provides you the focus, you can determine what you can do yourself and where you might need help. PUSHKALA RAMAN is a professor of marketing at Texas Woman’s University and can be reached at praman@twu.edu.
Biz on the Wire Venezuela debuts new banknotes By Fabiola Sanchez | AP CARACAS, Venezuela — Venezuelans stood in long ATM lines Monday to take out new, larger-denominated bills that President Nicolas Maduro hopes will help stabilize the crisis-wracked economy. Maduro last month said he was scrapping circulation of the most used bill, the 100bolivar note, and replacing it with new bills ranging from 500 to 20,000 bolivars. Residents in Caracas expressed shock at seeing bills with so many zeros — a sign of how worthless the bolivar has become amid triple-digit inflation and a collapse in foreign exchange reserves that has led to severe food shortages. “I never thought I’d have such a big bill in my hands,” Milena Molina, a 35-year-old sales clerk, said as she inspected crisp, new 500-bolivar notes she had just withdrawn. “But with the inflation we’re suffering, the notes we had weren’t worth anything and you always had to go around with huge packages of bills.” There has been widespread chaos as Venezuelans rushed to spend the 100s before they were taken out of circulation. With cash running out, looting and protests were common and Maduro had to delay his withdrawal of the 100s. On Sunday, he extended until Feb. 20 the deadline for the 100-bolivar note to remain legal tender. The 20,000-bolivar note is worth less than $6 on the widely used black market, where Venezuelans turn when they can’t purchase dollars at the tightly controlled official rate. With inflation forecast by the International Monetary Fund to hit four digits this year, few economists expect the currency to rebound any time soon.
AR
8
JANUARY 2017
BC
D
Denton Record-Chronicle
Cover Story
Tomas Gonzalez
Construction continues on the WinCo Foods distribution center in Denton.
Courtesy art/MatchLine Design Group
This artist’s rendering shows the planned interior of the Embassy Suites by Hilton Denton Convention Center, scheduled to open in November. 2017 | CONTINUED FROM PAGE 1
and we’re in the home stretch. It’s really about dotting our i’s and crossing our t’s, making sure it’s ready to go.” The Idaho-based company began work in December 2015, and its land on South Western Boulevard has the capacity to add 130,000 square feet in the future. Currently, WinCo owns 77 acres. The project is the largest economic development project ever in Denton, costing about $135 million. The center will serve the company’s growing footprint in North Texas. Currently, there are nine stores in the Dallas-Fort Worth market. “We love the Texas market, and this will go a long way to cement our place in the market,” Fleisher said. “We’re really excited about it and look forward to being a permanent part of the North Texas community.”
Embassy Suites by Hilton Denton Convention Center All 11 stories of the hotel and convention center are constructed, and the roof is on top of the hotel tower and convention center at Rayzor Ranch Town Center. Todd Muilenburg, director of sales for the project, said good weather has meant the project is following the set construction timeline. “There’s no foreseen obstacles right now,” he said. “Everyone is very optimistic we’ll be able to open right on schedule.” The project will be Denton’s first convention center, after more than a year of back-and-forth about financing for the property. Developer O’Reilly Hospitality Management has an incentives deal with the city that is worth up to $54 million over 25 years, whichever marker comes first: getting $54 million back from the city or the term expiring 25 years after the project opens. It has a 70,000-squarefoot convention center and features 318 suites. Inside, the lobby decor will be inspired by art and music, like custom musical instrument lights, according to MatchLine Design Group, the company heading the interior design. Soon after the project opens in November, the inhouse restaurant, Houlihan’s, will open.
Rayzor Ranch properties Even though Rayzor Ranch Marketplace along West University Drive changed ownership and management, it’s still not quite done. There are still 15 acres for development on the west side of the property and a spot between Guitar Center and Academy Sports and Outdoors, said Rick Coe, president of Fidelis Realty Partners. Fidelis is the owner and manager of the property. No word yet on what’s to come. Across the street, RED Development is developing Rayzor Ranch Town Center, which just saw two openings this week: Kung Fu Tea and
“It’s down to the detail work. Freezers and fridges are working, and we’re in the home stretch. It’s really about dotting our i’s and crossing our t’s, making sure it’s ready to go.” — WinCo Foods spokesman Noah Fleisher, on the progress of the company’s Denton distribution center Tomas Gonzalez
Jeff Woo/DRC file photo
Quality Industries was one of the first tenants at West Gate Business Park. Firehouse Subs. February will see two more openings at the property: Luxe Nail Salon and In-NOut Burger. Bethany Siems, spokeswoman for RED Development, said opening dates for those two businesses haven’t been set. Preliminary plans were submitted to the city in 2016 to build a Rooms to Go and an unnamed movie theater, but there’s been no official acknowledgment of the projects. Siems said there are several “moving” pieces right now, so she can’t comment on what else will open this year, adding that there hopefully will be additional openings. “We expect some more things to roll through, and I think it will be a good year for us,” she said. “We’ve got a long way to go, but we’re getting started for sure.”
ings are ready, one 169,520 square feet and one 73,008 square feet. Caroline Booth, the city’s economic development director, said the buildings are platted and once leased will be built to the tenants’ specifications. Sally Beauty Supply is remodeling its facility on Morse Street to accommodate more employees, Booth said. Set to finish this quarter, the company will be able to hire or relocate about 80 additional full-time jobs. There is a lot of site work over at the Buc-ee’s complex along Interstate 35E, but the travel center and nine retail pads won’t be done by the end of the year. JENNA DUNCAN can be reached at 940-566-6889 and via Twitter at @JennaFDuncan.
Barron Ludlum
Kung Fu Tea and Firehouse Subs are now open at Rayzor Ranch Town Center.
The DFW Real Estate Market Is HOTTER than ever! NOW is the time to learn how to…. • Become a Real Estate Investor. • Find, fix & flip houses. • Create passive income by investing in rentals.
Other projects to watch The first portion of West Gate Business Park could be fully leased by the end of the year. There’s 83,473 square feet of industrial office space ready to lease in the park’s first building of nine planned for the 127-acre development. Plans for two more build-
All 11 stories of the Embassy Suites by Hilton Denton Convention Center are constructed, and both sides of the project have a roof.
CLASS ARE SIZES D E IT IM L
Free INFORMATIONAL MEETING Saturday, January 21st 1pm-4pm On The Border, Lewisville
We are local professional educators and real estate investor investors who can build your confidence by providing you with the iin nformation, skills and accountability that are required for MOS MOST people to gain traction in their real estate investing business business. No previous real estate education or experience necessary. Complete your NO OBLIGATION Interest Form at REISystemsAcademy.com NOW! • 817-800-7877(RUSS)
AR
WHEN IT COMES TO YOUR BUSINESS, THESE NEW RAM TRUCKS MEAN BUSINESS. Your Full Service Dealer: Sales, Parts, and Service
Jon Curfman, Your BusinessLink Specialist 940-498-9800 • jonc@classicofdenton.com
Denton Fleet/Business Sales Classic Chrysler Jeep Dodge Ram 4984 South I-35 East exit 462 • 940-498-9800 www.classicdodgechryslerjeep.com Sales: Monday - Friday 8am - 8pm • Saturday 8am - 6pm Parts/Service: Monday - Friday 7am - 7pm • Saturday 8am - 5pm
AR
D
Denton Record-Chronicle
JANUARY 2017
BC
9
Biz on the Wire BREXIT | CONTINUED FROM PAGE 1
Travers said Britain was hoping its friends in the EU will say “let’s make it gentle, let’s not — as with a bad divorce — give all the money to the lawyers.” In her 40-minute address, May said Britain would leave the EU single market of some 500 million people, but “seek the greatest possible access to it through a new, comprehensive, bold and ambitious free trade agreement.” She said there would be no attempt to cling to bits of EU membership. Britain will “bring an end to the jurisdiction of the European Court of Justice in Britain,” May said. It also will impose controls on the number of people coming to Britain from EU member countries, abandoning the bloc’s principle of free movement. May promised for the first time that Britain’s Parliament would be able to vote on the final deal reached between Britain and the EU, likely in 2019. However, she didn’t say what would happen should lawmakers reject the agreement. The speech received mixed reactions within the EU, whose leaders largely lament Britain’s decision to leave. German Foreign Minister Frank-Walter Steinmeier said the speech had “created a little bit more clarity about the British plans.” French far-right leader Marine Le Pen of the National Front described it as “courageous” and respecting the will of the British people.
Wal-Mart to add about 10K U.S. jobs By Michelle Chapman and Anne D’Innocenzio | AP NEW YORK — Wal-Mart plans to add about 10,000 retail jobs in the U.S. as it opens new stores and expands existing locations. The world’s biggest retailer said Tuesday its plans also will generate about 24,000 construction jobs. The jobs will come from the opening of 59 new, expanded and relocated Wal-Mart and Sam’s Club locations as well as e-commerce services that were previously announced. Wal-Mart is opening fewer stores this year but still adding jobs as it offers more positions in online grocery pickup, trainers for its new academies for hourly workers and construction jobs for remodels. The rate is consistent with hiring in recent years, says Lorenzo Lopez, a Wal-Mart spokesman. Media reports also have said that Wal-Mart plans to cut hundreds or even about 1,000 jobs at its corporate headquarters by the end of the month. Tuesday’s announcement marks the latest in a series of announcements from companies that may want to get into the good graces of Presidentelect Donald Trump, who will be taking office Friday and has called out companies for not keeping jobs in the U.S. “Everyone is trying to curry favor with the new administration in terms of getting a better corporate tax landscape and gaining favor with the new administration,” said Ken Perkins, president of Retail Metrics LLC, a research firm. Wal-Mart employs about 2.4 million people worldwide, including 1.5 million in the United States. The Bentonville, Arkansas-based chain has 11,593 stores in 28 countries. Trump thanked General Motors and Wal-Mart on Twitter for “starting the big push back in the U.S.” Wal-Mart has been looking to trim costs and expenses as it tries to be more nimble and compete better with Amazon.com. It announced early last year it would close 154 U.S. store locations, and this summer eliminated 7,000 back-office positions.
European Council President Donald Tusk described it on Twitter as a “sad process, surrealistic times but at least more realistic announcement.” He said the 27 other EU nations were “united and ready to negotiate” once Britain formally starts the two-year process of talks by invoking Article 50 of the EU’s key treaty. In his final daily press briefing before the change in U.S. administrations, White House press secretary Josh Earnest called on these “critically important American allies” to engage with each other in a way “that’s as transparent as possible.” The British pound rallied in response to the clarity. On Monday, it had approached $1.20, a near 31-year low, amid fears that Britain was headed for an economy-roiling “hard Brexit.” But it rose above $1.23 after May outlined her vision of free trade and strong economic ties. That includes a customs agreement, although May said she had an “open mind” about what relationship the U.K. would have with the EU Customs Union, which currently prevents Britain from striking trade deals with other countries. In a bid to alleviate fears that Brexit will mean a more insular Britain, May said she wants the country to be “stronger, fairer, more united and more outwardlooking than ever before.” May addressed an audience of British civil servants and international diplomats at Lancaster House, frequent venue for international summits — and
Daniel Leal-Olivas/Getty Images
The sun sets behind Big Ben on Tuesday in London. Prime Minister Theresa May said the U.K. wants to free itself from European Union governance and stop paying millions into its coffers but still remain friends, allies and tariff-free trading partners with the bloc. the site of former Prime Minister Margaret Thatcher’s 1988 speech arguing that Britain should join the EU’s single market. Britain is quitting the single market in order to gain control over immigration — a key issue for many voters who backed Brexit. EU leaders say Britain can’t stay in the single market without allowing the free move-
ment of people from the bloc into Britain. May was firm on the immigration question, but softened the message by saying she wants to allow EU citizens already in Britain to stay. Losing single-market access alarms many in Britain’s huge financial services sector, which relies on an ability to do business seamlessly across the 28-nation
bloc. But the financial sector welcomed what it saw as an end to the period of vast uncertainty. “Businesses will welcome the greater clarity and the ambition to create a more prosperous, open and global Britain, with the freest possible trade between the U.K. and the EU,” Carolyn Fairbairn, director-general of the Confederation of British In-
dustry, said. Others cautioned that ambition is a long way from achievement. “The key challenge facing the government, as the prime minister herself seemed to recognize, is whether the EU can be persuaded to strike a deal on free trade on anything like the terms and conditions that she has in mind,” said John Curtice, senior fellow at the U.K. in a Changing Europe think tank. May plans to trigger the starting gun for exit talks by March 31. The government insists it will not be delayed even if it loses a Supreme Court case arguing that Parliament must be given a vote first. The court is due to rule this month. On Tuesday, May offered the EU a deal that she hopes it can’t refuse, but her warm words also carried a hint of a threat. She said a “punitive” divorce settlement “would not be the act of a friend.” Should that happen, May said Britain would be free to lower corporate tax rates to “attract the world’s best companies and biggest investors to Britain” — while imposing trade barriers on the EU. Tim Farron, leader of Britain’s opposition Liberal Democrats, called May’s speech “a mixture of vague fantasies and toothless threats to our nearest neighbors.” “Throwing the gauntlet down against the rest of Europe, the PM is virtually guaranteeing that acrimony rather than compromise will prevail,” Farron said.
SAVE MORE ON OUR WORKHORSES THAT BOOST YOUR BOTTOM LINE. 2 2016 CAB CHASSIS 4x4S New GMC SieRRA 3500 CRewCAbS*
$33,745
Plus Tax, Title & License
READY FOR YOUR BED OR OURS.
ADDITIONAL $1,000 OFF MSRp IF YOU TRADE IN A QUALIFYING VEHICLE.
4 2016 CREW 3500 4x4S
New SiLveRAdoS–dieSeL+GooSeNeCk bed*
$43,722
Plus Tax, Title & License
ADDITIONAL $1,000 OFF MSRp IF YOU TRADE IN A QUALIFYING VEHICLE.
2016 ExpRESS 3500
NEW CHEVY BOx VAN DEMONSTRATOR*
$27,980
Plus Tax, Title & License
– DEDICATED COMMERCIAL SERVICE FACILITY – TExAS’ TRUCK CApITOL /
COMMERCIAL VEHICLE CENTER I-35E South
DENTON
BIDS@jAMESWOOD.cOM
940-210-7443
WWW.cOMMERcIAL-TRUcKS.cOM *1-TON CHASSIS CAB: Stock #264105, 264187. MSRP: $43,745. Wood Discount: $4,000. Rebate: $1,750. Bonus Cash: $1,500. Upfit Cash with qualifying bed purchase: $750. Value Certificates: $2,000. CREWCAB 4x4 FLATBED: Stock #264155, 264171, 264225, 264263. MSRP: $57,722. Wood Discount: $6,750. Rebate NCC: $2,000. Select Model Bonus Cash: $3,000. Bonus KQD: $1,500. Upfit Cash: $750. BOX VAN DEMO: Stock #261216. MSRP: $41,230. Wood Discount: $7,550. Rebate: $1,500. Upfit Allowance: $1,200. Select Model Bonus Cash: $3,000.
OFFER #97594 MUST TAKE DELIVERY BY JANUARY 31, 2017
Vehicle total is for James Wood Denton + James Wood Decatur
ERNIE LEFNER KELLY MAYO MIKE NEWBERRY RAY O’ROURKE Cell: 940-210-7129 Cell: 940-293-7357 Cell: 940-395-8407
elefner@jameswood.com kmayo@jameswood.com mnewberry@jameswood.com
Cell: 940-389-3139 rorourke@jameswood.com
BRAD ROBLYER Cell: 940-453-4700 broblyer@jameswood.com AR
10
JANUARY 2017
D
BC
Denton Record-Chronicle
Open/Closed PAYNE | CONTINUED FROM PAGE 1
DRC file photo
Weldon Burgoon used to sit in the back at Weldon’s Saddle Shop & Western Wear, which closed last weekend.
Suite 134. Windy City Grub Hub is the latest member to join the ever-shuffling business strip on Hickory Street. Replacing the vacant space left by Seoul Chicken, the latest restaurant aims to give Denton a taste of Chicago-style staples like hot dogs, shish kebab sandwiches and more. The former Jim McNatt Toyota Dodge dealership was demolished Jan. 6 to make way for a multi-business pad site owned by Lincoln Prop-
Business Spotlight
erties at the intersection of University Drive and Bonnie Brae Street. Site tenants have yet to be announced. Free hearing consultations were given last week during Hearing Aid Express Texas’ grand opening week. The office on Swisher Road joins more than 20 locations across the state of Texas. Coupons, online hearing tests and other resources can be found at www.hearingaidexpress.com. Got game? Source Gaming Lounge opened Jan. 5 on West Congress Street and calls itself the premier e-sports
lounge experience in North Texas. The lounge has multiple high-octane, custom computer rigs and virtual reality stations offered through a suite of different membership packages. Red River Tattoo Co.’s spot at 611 Sunset St. shut down the weekend of Dec. 17, according to a post on the tattoo parlor’s Facebook page. But owner Darian Fulks still has ink in the gun. The artist wrote Jan. 10 that he will continue his services at one of two local shops he has yet to determine.
Vital Statistics
The eight richest people on Earth
SALES TAX The following sales permits were issued by the state comptroller’s office for December. The list includes the owner, name of business and address within ZIP codes 75065, 75068, 76201, 76205, 76207, 76208, 76209, 76210, 76226, 76227, 76234, 76249, 76258, 76259 and 76266.
By Carlo Piovano | AP LONDON — The eight individuals who own as much as half of the rest of the planet are all men, and have largely made their fortunes in technology. Most are American, with one European and one Mexican in the mix. Several have pledged to give it all to charity. The eight tycoons’ net worth, as calculated by Forbes magazine, was cited Monday by anti-poverty activist organization Oxfam in a report highlighting income inequality. Although most of them will not be joining the annual meeting of business and political elites in the Swiss town of Davos this week, the extraordinary individual wealth they typify will be part of the gathering’s discussions on inequality. The same report a year earlier said that the richest 62 people on the planet owned as much wealth as the bottom half of the population. However, Oxfam has revised that figure down to eight following new information gathered by Swiss bank Credit Suisse. Oxfam used Forbes’ billionaires list that was last published in March to make its headline claim. Here’s a look at the eight men:
Bill Gates: $75 billion The man whose name is a byword for billionaire. Gates co-founded Microsoft in the mid-70s, growing it into the world’s biggest software company and helping to make computers a household item. He quit as CEO in 2000 and pledged to devote his fortune to his philanthropic activities in the Bill and Melinda Gates Foundation. He has gradually reduced his ownership in Microsoft to less than 3 percent, with the bulk of his wealth in a private firm. He’s the only one on the list who’s a regular at Davos.
Amancio Ortega: $67 billion The richest person in Europe, Ortega opened the first Zara fashion shop in 1975. Now, the chain, part of Ortega’s Inditex group, has 7,000 shops globally. Its boom in popularity is largely due to a low-cost model that competes with the likes of H&M. As Zara and Inditex grew in size, Ortega, a Spaniard, held on to a majority stake of 59 percent in the company, which has a market value of over $102 billion.
75065 Cafe By Day LLC, Cafe By Day 507 S. Lake Dallas Drive, Lake Dallas MB & EA Motors LLC, Kwik Kar Hickory Creek, 4500 FM2181, Hickory Creek Stenson Landscape Inc., Stenson Landscape Inc., 507 Main St., Suite B, Lake Dallas 75068 AC & G LLC, AC & G LLC, 2605 Cedar Falls Drive, Little Elm Anumis Inc., Melanie's Miracle Drycleaning and Laundry, 2763 E. Eldorado Parkway, Suite 125, Little Elm Barber Hospitality LLC, Barber Hospitality LLC, 1712 Zebra Finch Drive, Little Elm Eunkyoung Investment Inc., Freedom Cleaners, 2701 Little Elm Parkway, Suite 95, Little Elm Gifted Pursuits LLC, Gifted Pursuits LLC, 704 Creekside Drive, Little Elm Kathy R. Rayner, Town North Mobile Animal Hospital, 170 Navo Road, Little Elm Lauryn Mercedes, Dianna Couger Embellishing Moments, 2760 Sunbeam Drive, Little Elm Ryan Jessica Niemy, Takara Jade Boutique, 1800 Preston On The Lake Blvd., Trailer 313, Little Elm Texas Turnkey Energy Solutions LLC, Texas Turnkey Energy Solutions LLC, 1524 Whistler Drive, Little Elm The Digital Link Inc., MP Plus 2587 FM423, Suite 150, Little Elm Wisdom of C Marketing & Consulting Inc., Wisdom Of C Marketing & Consulting Inc., 2050 FM423, Apt. 1201, Little Elm 76201 Asns School LLC, Asns School LLC, 1702 W. Oak St., Denton Camilla Sandifer, Hop To It Investigations, 121 W. Hickory St., Denton Cathy J. Allcorn, Downtown Mini MalI, 118 N. Locust St., Denton Dallas Mta LP, Verizon Wireless, 2818 W. University Drive, Denton, Elizabeth Brito, Elizabeth Brito, 913 N. Locust St., Denton Folks Gotta Live LLC, Greenfoods Nutrition, 405 Fort Worth Drive, Denton Nancy K. Carrico, Lollie Books, 1008 Thomas St., Denton Ooleyart LLC, Ooleyart LLC, 425 Mounts Ave., Denton The Gaylord Group Inc., Mattress Depot, 2211 W. University Drive, Denton Widmer Johnson Enterprises LLC, North Texas Environmental, 300 N. Elm St., Suite 110, Denton Worthington Paper Co. Inc., Worthington Paper Co Inc., 1204 W. University Drive, Denton
Drew Angerer/Getty Images
Businessman Bill Gates, right, speaks to reporters Dec. 13 at Trump Tower in New York. his fortune to a major ownership in America Movil, a telecommunications multinational worth $42 billion. He personally owns about 7 percent in the company while his broader family retains a 37 percent stake. He was ranked as the richest person three years ago but saw his net worth hit by a downturn in Latin American economies. U.S. President-elect Donald Trump’s threats to scrap free trade deals and build a wall on the U.S.-Mexico border also have hurt shares in his business interests. Forbes estimates his net worth dropped $5 billion in the four days after Trump’s election.
Jeff Bezos: $45.2 billion The founder and CEO of Amazon.com helped revolutionize the retail industry by popularizing online shopping. What was initially an online bookstore now sells pretty much anything. Bezos has reached beyond Amazon, in which he holds a 17 percent stake, to try his hand in other industries. He’s bought the
Washington Post and set up an aerospace company, Blue Origin, that aims to make space accessible to tourists and other paying customers.
Mark Zuckerberg: $44.6 billion He founded Facebook in 2004 while a college student to connect other Harvard students. The company went on to become popular globally and listed its shares publicly in 2012, making Zuckerberg, now 32, a multibillionaire. He’s managed to make Facebook profitable where rivals like Twitter have lagged, and expanded it with targeted acquisitions. He and his wife have pledged to sell 99 percent of their holdings in Facebook — over 400 million shares, worth about $50 billion — to support philanthropic causes.
Larry Ellison: $43.6 billion As a young programmer in the ’70s, Ellison’s first big client was the CIA. The name of the project was Oracle. In 1977, Ellison and associates
used that name for their company, which creates software that helps manage databases and has since become an industry standard. Ellison has recently focused more on cloud computing, in which data is stored and managed across a network of computers. His fortune comes from the 27 percent stake he still owns in Oracle, a company worth $160 billion.
76205 Alice Suan Ingison, S&S. Life, 1421 Kendolph Drive, Denton Anita Amirali, The Silver Shop, 2201 S. Interstate 35E., Suite P6, Denton Courtney Lyn Adams, Courtney Adams Design, 312 Pennsylvania Drive, Denton Denton Inman LLC, Johnny Carinos, 1516 Centre Place Drive, Denton 76207 Transfleet Services LLC Denton, Transfleet Service Transfleet Services LLC, 300 S. Western Blvd., Denton
Michael Bloomberg: $40 billion Created the eponymous financial information provider in 1981 after getting laid off from an investment bank. Bloomberg made it a lucrative business in particular by selling data terminals to financial services firms. The multiscreen terminals became essential tools in the industry, incorporating real-time market information with a news service. Bloomberg, who reportedly retains an 88 percent stake in the privately held company, turned to politics in 2001, becoming mayor of New York City for three terms.
76208 Aztec Renewable Energy Inc., Aztec Renewable Energy Inc., 3401 E. University Drive, Suite 203, Denton Denton-RW Inc., Denton-RW Inc., 3301 S. Mayhill Road, Denton Steele Awards LLC, Steele Awards LLC, 1909 Creek Bend Drive, Corinth Texas Filmmakers' Corporation, Texas Filmmakers' Corporation, 5201 Par Drive, Apt. 916, Denton
76209 Red Horse Motorsports LLC, Red Horse Motorsports LLC, 3825 Market St., Suite 121, Denton 76210 Adiel Morales, X-Treme Wash Power Flow, 4251 FM2181, Suite 230, Corinth Alberto Munoz and Mauricio Aranda Alberto, Munoz and Mauricio Aranda, 2812 Clubhouse Drive, Denton Daniel G. Horn, Horn Designs, 2906 Hollis Drive, Corinth, Karolyn Elaine De La Portilla, Karolyn's Kandy Shoppe, 2919 Lipizzan Court, Denton, Patricia Strickland, Sterling Chase Productions, 3304 Sparta Drive, Corinth Sandra Arcuri, 2sewigo, 1622 Creekside Drive, Corinth, Suka LLC, Suka LLC, 2601 Valencia Lane, Denton 76226 Allison Autry, Back Porch Rustic, 9705 Waterhaven Drive, Denton Red Horse Motorsports LLC, Red Horse Motorsports LLC, 1216 Saddlebrook Way, Bartonville 76227 Dfw Oil Inc., Cross Roads Truck Stop, 6500 U.S. Highway 380, Cross Roads Dfw Oil Wholesale LLC, Stars & Strips Of Texas, 6504 U.S. Highway 380, Cross Roads John Franklin Troutman, Phantom Power Matched Resistors, 233 Highmeadow Road, Aubrey John H. Jezek, Denton Skin Care and Spa, 7359 Somerset Lane, Aubrey The Digital Link Inc., MP Plus, 11350 U.S. Highway 380, Spc. 130, Cross Roads 76234 Amy Smith and Yvonne Jamnik, Farm Charm Antiques & More, 116 S. State St., Decatur Armada Pressure Control LLC, Armada Pressure Control LLC, 207 W. Main St., Decatur Bluebonnet Highway Inc., Wildwood, 241 Private Road 1179, Decatur Peter J. Beshara, Beshara Signs, 1376 County Road 4530, Decatur The Gaylord Group Inc., Mattress Depot, 1402 S. U.S. Highway 287, Decatur T-Mobile Financial LLC, T-Mobile Financial LLC, Store 5750, 700 W. Hale Ave., Decatur T-Mobile Leasing LLC, T-Mobile Leasing LLC, 5750 700 W. Hale Ave., Decatur T-Mobile West LLC, T-Mobile West LLC, 5750 700 W. Hale Ave., Decatur Trinity Street Coffee Bar LLC, Trinity Street Coffee Bar, 110 N. Trinity St., Decatur Yvonne L. Jamnik, Rockin J. Ranch, 2545 Preskitt Road, Decatur Yvonne L. Jamnik, Swinging Chandelier, 2545 Preskitt Road, Decatur 76249 Daniel E. Cisneros, Wild Wood Shed, 14 Rogers Circle, Krum Raymond Edward Van, Valkenburg Van Acres, 12219 Pruett Road, Krum 76258 Michael Dean Sanders, Michael Dean Sanders, 10264 Zipper Road, Pilot Point Misty Lee LLC, Misty Lee LLC, 1045 U.S. Highway 377, Pilot Point 76259 Thad Nabors Twisted Tail BBQ, 4240 Florence Road, Ponder 76266 Brian Elliott Almejo, Almejo Family Counseling, 2504 Santa Fe Trail, Sanger
WORK INJURY? Denton Chiropractic Center Auto & work injuries accepted. Mon. - Fri. 7-9, Sat. 7-6 I-35 at McCormick Se Habla Español. Dr. Melissa Noell
(940) 566-3232 www.dentonchiro.com
Dr. Marcus Villarreal
We’re Here to HELP You!
Buying? Selling? Refinancing? We“Knowledge are known forthewhat we Line” know. Beyond Boundary Choose Call Experience - Call us today! us today!
Warren Buffett: $60.8 billion The Oracle of Omaha, as he’s known for the way his every investment decision is followed by thousands. Buffett began investing as a teenager in the 1940s and gradually grew his firm, Berkshire Hathaway. Buffett, 86, is notoriously frugal and favors investing in companies with proven business models over new industries, such as in technology. He’s said he will give away the bulk of his wealth to philanthropy. Since 2006, he’s been donating blocks of Berkshire stock to the Bill and Melinda Gates Foundation.
Carlos Slim Helu: $50 billion The Mexican tycoon owes
We are a full service law firm that provides quality representation in the areas of Real Estate Title and Litigation, Divorce, Child Custody & Support, Business Formation & Litigation, Probate, Wills & Powers of Attorney, Guardianship and Criminal Law. If you are unsure whether we can help with your particular problem please feel free to contact us for a free initial consultation.
Adams, Bennett, Duncan & Henley 2745 Wind River Ln • Denton, Texas 76210
940-566-6221 Fax 940-566-4977
Rebecca Arnold
Michelle Neely
Legal Assistant/Escrow Officer
Branch Mgr/Escrow Officer
940-382-3030 2745 Wind River Dr., Denton, TX 76210 reuniontitledenton.com
G F AR
AR
D
Denton Record-Chronicle
JANUARY 2017
BC
11
Vital Statistics MIXED BEVERAGE TAX The following mixed beverage tax information was issued by the state comptroller’s office for December. The list includes the name of the business, address and reported tax. 380 Bar and Grill, 26781 E. U.S. Highway 380, Little Elm, $2,491.99 940’s Kitchen & Cocktails, 219 W. Oak St., Denton, $1,965.91 American Legion Post No. 550, 905 Foundation Drive, Pilot Point, $1,077.49 Andy's Bar and Grill, 122 N. Locust St., Denton, $5,691.71 Angelina's Mexican Restaurant, 1400 N. Corinth St., Suite 111, Corinth, $975.52 Applebee's Neighborhood Grill, 707 S. Interstate 35E, Denton, $2,815.47 Applebee's Neighborhood Grill, 2672 FM423, Little Elm, $1,726.52 Aramark Educational Services, 303 Administration Drive, Denton, $146.46 Ashton Gardens, 2001 Ashton Gardens Lane, Corinth, $1,371.82 Azul Mexican Kitchen, 2831 W. Eldorado Parkway, Little Elm, $1,056.12 Azul Mexican Kitchen, 2831 W. Eldorado Parkway, Little Elm, $835.02 B.P.O.E. Denton No. 2446, 228 E. Oak St., Denton, $850.02 Barley & Board, 100 W. Oak St., Suite 160, Denton, $5,655.20 Best Western Area Crown Chase, 2450 Brinker Road, Denton, $254.26 BJ's Restaurant & Brewery, 3250 S. Interstate 35E., Denton, $3,954.54 Black-Eyed Pea, 2420 S. Interstate 35E, Denton, $0 Bone Daddy’s House of Smoke, 3258 S. Interstate 35E, Denton, $2,093.81 Bono's Chop House & Saloon, 2025 N. U.S. Highway 287, Decatur, $2,074.52 Boomerjack Wings No. 8, 407 W. University Drive, Denton, $1,260.13 Brunswick Zone Denton, 2200 San Jacinto Blvd., Denton, $823.83 Buffalo Wild Wings Grill & Bar, 1400 S. Loop 288, Suite 110, Denton, $3,159.38
Buff's Grill, 400 S. U.S. Highway 377, Pilot Point, $410.04 Cabana Beverages Inc., 2330 W. University Drive, Denton, $130.11 Casa Torres Mexican Restaurant, 2708 S. FM51, Decatur, $1,203.38 Caskey's Bar and Grill, 1206 W. Hickory St., Denton, $1,104.76 Chili's Grill & Bar, 600 S. U.S. Highway 287, Decatur, $2,131.73 Chili's Grill & Bar No. 1562, 2825 W. University Drive, Denton, $2,029.56 Chili's Grill & Bar, 2406 S. Interstate 35E, South, Denton, $1,504.95 Chilitos Private Club Inc., 619-623 S. Denton Drive, Lake Dallas, $253.05 Chiloso Mexican Bistro, 2215 S. Loop 288, Suite 312, Denton, $78.45 Chipotle Mexican Grill, 1224 W. Hickory St., Denton, $33.56 Chipotle Mexican Grill-Rayzor, 2735 W. University Drive, Suite 105, Denton, $2.21 Chuy's Denton, 3300 Wind River Lane, Denton, $4,162.71 Cool Bean's, 1210 W. Hickory St., Denton, $3,509.79 Courtyard By Marriott, 2800 Colorado Blvd., Denton, $333.79 Crossroads Bar, 1803 N. Elm St., Denton, $1,058.60 Dani Rae's Gulf Coast Kitchen, 2303 S. Interstate 35E, Denton, $785.84 Dan's Silverleaf, 103 Industrial St., Denton, $2,787.33 Denton Country Club, 1213 Country Club Road, Argyle, $2,989.27 Denton Country Club, 1213 Country Club Road, Argyle, $3,510.33 Drunken Donkey Bar & Grill, 3350 Unicorn Lake Blvd., Denton, $5,068.68 Dusty's Bar & Grill & Marina D, 119 S. Elm St., Denton, $3,358.84 Earl's 377 Pizza, 427 S. U.S. Highway 377, Argyle, $1,612.55
East Side Denton Oak Street, 117 E. Oak St., Denton, $12,573.95 El Fenix-Denton Texas, 2229 S. Interstate 35E, Denton, $702.22 Ernesto's Mexican Restaurant, 10279 E. FM455, Suite 1, Pilot Point, $1,844.91 Frilly's, 1803 S. U.S. Highway 287, Decatur, $950.46 Fry Street Public House, 125 Ave. A, Denton, $7,672.23 Fuzzy's Taco Shop, 109 N. State St., Decatur $962.85 Fuzzy's Taco Shop, 115 Industrial St., Denton, $680.85 Fuzzy's Taco Shop, 2412 S. Interstate 35E, Denton, $2,265.67 Fuzzy's Taco Shop, 1004 Maple St., Suite 101, Sanger $213.39 Fuzzys Taco Shop, 421 S. U.S. Highway 377, Argyle, $652.78 Fuzzy's Taco Shop Cross Roads, 11450 U.S. Highway 380, Suite 160, Cross Roads, $1,243.18 Gates of Texas Argentina Café, 1313 N. U.S. Highway 377, Pilot Point, $2,999.99 Genti's Private Club Inc., 3700 FM2181, Hickory Creek, $432.88 Good Eats No. 729, 5812 N. Interstate 35, Denton, $0 Hangout Bar & Dine, 827 Eagle Drive, Denton, $70.28 Hangout Bar & Dine, 827 Eagle Drive, Denton, $143.38 Hannah’s, 111 W. Mulberry St., Denton, $3,083.00 Harvest House, 331 E. Hickory St., Denton, $5,787.72 Hickory Street Lounge, 212 E. Hickory St., Denton, $1,974.89 Hilton Garden Inn Denton, 3110 Colorado Blvd., Denton, $656.66 Hooligans LLC, 104 N. Locust St., Denton, $3,926.87 Hooters, 985 N. Interstate 35E, Denton, $3,477.76 Horny Toad Cafe & Bar, 5812 N. Interstate 35, Denton, $1,093.17 Hula Hut Restaurant, 210 E. Eldorado Parkway, Little Elm, $2,356.05 II Charlies Bar & Grill, 809 Sunset St., Denton, $3,736.85 J R Pockets Club, 1127 Fort Worth Drive, Denton, $2,139.31 Jack's Tavern, 508 S. Elm St., Suite 101, Denton, $2,359.53 Jem Beverage Company LLC, 217 W. Division St., Pilot Point, $94.06 Johnny Carino's Italian, 1516 Centre Place Drive, Denton, $535.53
Keiichi LLC, 500 N. Elm St., Denton, $384.91 Kobe Sushi & Steak LLC, 2832 E. Eldorado Parkway, Suite 208, Little Elm, $183.91 Komodo Loco, 109 Oakland St., Denton, $749.59 La Milpa Mexican Restaurant, 820 S. Interstate 35E, Unit 1, Denton, $681.52 Lake Cities Post No. 88 The A, 105 Gotcher Ave., Lake Dallas, $1,431.65 Lake Dallas Point Restaurant, 303 Swisher Road, Suite 100, Lake Dallas, $1,736.50 Lake Ray Roberts Area Elks, 1601 Marina Circle, Sanger, $179.42 Lantana Golf Club, 800 Golf Club Drive, Argyle, $1,687.19 Las Cabos Cantina, 4451 FM2181, Corinth, $77.72 Leeper Creek BBQ & Cantina Club, 3142 N. U.S. Highway 287, Decatur, $63.38 Library Bar, 109 Ave. A, Denton, $1,038.09 Lone Star Attitude Burger Co., 113 W. Hickory St., Denton, $5,485.82 Los Jalapenos Restaurant, 420 E. Eldorado Parkway, Little Elm, $150.08 Lowbrows Beer and Wine Garden, 200 S. Washington St., Pilot Point, $572.58 Lucky Lou's, 1207 W. Hickory St., Denton, $8,384.04 Luigi's Pizza Italian Restaurant, 2000 W. University Drive, Denton, $329.97 Mable Peabody's Beauty Parlor, 1125 E. University Drive, Suite 107, Denton, $1,221.47 Mellow Mushroom, 217 E. Hickory St., Denton, $1,226.43 Metzler's Food and Beverage, 1251 S. Bonnie Brae St., Denton, $631.47 Mi Taza Latin Tex-Mex Cafe, 5017 Teasley Lane, Suite 101, Denton, $617.33 Miguelito’s, 1521 E. McCart St., Krum, $788.65 Miguelito’s, 1412 N. Stemmons St., No. 178, Sanger, $1,025.16 Movie Tavern Denton 4, 916 W. University Drive, Denton, $1,545.48 Muddy Jake's Sports Grille, 222 W. Hickory St., Suite 104, Denton, $0 Mulberry Street Cantina, 110 W. Mulberry St., Denton, $2,669.54 Norman Heitz Memorial Post 104, 501 Thompson Drive, Lake Dallas, $1,082.38 Oak Street Drafthouse, 308 E. Oak St., Denton, $4,685.84
Oakmont Country Club, 1200 Clubhouse Drive, Corinth, $1,657.98 Olive Garden of Texas No. 1611, 2809 S. Interstate 35E. Denton, $1,447.73 Ollimac Company, 1400 Corinth Bend, Suite 103, Corinth, $607.55 On the Border, 2829 S. Interstate 35E, Denton, $2,420.24 Outback Steakhouse, 300 S. Interstate 35E, Denton, $1,522.50 Parker Brothers Trail Dust, 1200 S. Stemmons St., Sanger, $441.59 Pei Wei Fresh Kitchen, 1931 S. Loop 288, Suite 130, Denton, $63.91 Phil Miller Post No. 2205 VFW, 909 Sunset St., Denton, $1,250.89 Pilot Point Columbus Club, 221 N. Prairie St., Pilot Point, $26.06 Pizza Hut, 730 S. U.S. Highway 377, Pilot Point, $16.08 Pollo Tropical Beverages LLC, 2220 S. Loop 288, Denton, $0 Prairie House Restaurant, 10001 U.S. Highway 380, Cross Roads, $1,285.99 Queenie's Steakhouse, 113 E. Hickory St., Denton, $1,290.88 Red Lobster No. 6349, 2801 S. Interstate 35E, Denton, $1,075.28 Riprock's, 1211 W. Hickory St., Denton, $4,729.12 Rockin Rodeo, 1009 Ave. C, Denton, $4,852.60 Rooster's Roadhouse, 113 Industrial St., Denton, $2,128.05 Rooster's Roadhouse Decatur, 106 N. Trinity St., Decatur, $1,994.85 Rosa's Cafe & Tortilla Factory, 1275 S. Loop 288, Denton, $146.39 RT's Neighborhood Bar, 1100 Dallas Drive, Suite 124, Denton, $6,759.56 Ruby Jeans Bar & Cafe, 309 N. FM156, Ponder, $0 Rusty Taco Denton, 210 E. Hickory St., Denton, $1,088.95 Savory Bistro & Gourmet To-Go, 2650 E. FM407, Suite 165, Bartonville, $1,063.69 Shots and Crafts LLC, 103 Ave. A, Denton, $1,751.17 Springhill Suites By Marriott, 1434 Centre Place Drive, Denton, $133.79 Starbucks No. 6698, 4600 Swisher Road, Hickory Creek, $9.51
Sweetie Pie's Ribeyes, 201 W. Main St., Decatur, $356.37 Sweetwater Grill & Tavern, 115 S. Elm St., Denton, $1,491.28 Tex Tapas, 109 Industrial St., Denton, $882.79 Texas Roadhouse, 2817 S. Interstate 35E. Denton, $3,183.17 The Aztec Club, 720 W. University Drive, Denton, $1,225.96 The Backyard on Bell, 410 N. Bell Ave., Denton, $888.62 The Bears Den, 11670 Massey Road, Pilot Point, $121.33 The Clubhouse at Robson Ranch, 9428 Ed Robson Circle, Denton, $539.68 The Draft House Bar & Grill, 2700 E. Eldorado Parkway, Suite 250, Little Elm, $2,436.38 The Fry Street Tavern, 121 Ave. A, Denton, $5,531.98 The Garage, 113 Ave. A, Denton, $3,132.38 The Green House, 600 N. Locust St., Denton, $1,207.54 The LABB, 218 W. Oak St., Denton, $1,898.04 The Loophole, 119 W. Hickory St., Denton, $3,273.55 The Milestone, 1301 W. Sherman Drive, Aubrey, $3,844.46 Tokyo Samurai, 3600 E. FM407, Suite 100, Bartonville, $471.41 Tom’s Daiquiri Place, 1212 W. Mulberry St., Denton, $1,407.80 Tower Tap House, 290 E. Eldorado Parkway, Little Elm, $1,500.59 Tredways BBQ, 721 E. Hundley Drive, Lake Dallas, $194.63 University Lanes, 1212 E. University Drive, Denton, $821.48 Verona Pizza Italian Restaurant, 201 Loop 81, Decatur, $28.14 Villa Grande Mexican Restaurant, 12000 U.S. Highway 380, Suite 100, Cross Roads, $1,417.45 Villa Grande Mexican Restaurant, 2530 W. University Drive, Suite 114, Denton, $1,328.81 Vitty's Sports Bar, 1776 Teasley Lane, Suite 102, Denton, $2,113.18 Vizcarra, 114 W. Congress St., Denton, $61 .03 Walter’s Tavern, 201 Main St., Lake Dallas, $2,343.99 Wildhorse Grill, 9440 Ed Robson Circle, Denton, $2,839.86 Wing Daddy’s Sauce House, 2763 E. Eldorado Parkway, Suite 105, Little Elm, $2,671.96 Wing Town, 4271 FM2181, No. C316, Corinth, $0
LIENS
BUILDING PERMITS
The following liens were posted in December at the Denton County Clerk’s office.
The following building permits were issued by the Denton Planning and Development department in December. Commericial alterations and commercial permits reflect the owner or tenant and the address of the business.
STATE TAX LIENS NAME/ADDRESS Ace Tech Motors Inc., 3232 N. Locust St., Apt. 1321, Denton
TYPE Limited sales excise and use tax
AMOUNT $1,718.55
REC. DATE 12/22/2016
RELEASE OF STATE TAX LIENS NAME/ADDRESS Stephen Corey Bobbitt, 3509 Crisoforo Drive, Denton TJJT Enterprises LLC, 1800 S. Loop 288, Suite 396-180, Denton
TYPE Limited Sales, Excise and Use Tax Limited Sales, Excise and Use Tax
AMOUNT $1,484.61 $5,240.42
REC. DATE 12/12/2016 12/22/2016
FEDERAL TAX LIENS NAME/ADDRESS James J. and Paula D. Charles, 1105 Springcreek Drive, Denton Tammy Rushing, 2412 Natchez Trace, Denton Daniel O McCleery, 1012 Anna St., Denton Integrated Care P.A., 400 N. Loop 288, No. 120, Denton Acto De Compasion Inc., 3924 Parkhaven Drive, Denton Camoliner Inc., 2271 N. Masch Branch Road, Building 1, Denton Hudson O. and Alexcia C. Floyd, 3604 Longhorn Drive, Denton Hudson Floyd, 3604 Longhorn Drive, Denton
TYPE 1040 1040 1040 6721 941 941 1040 1040
ASSUMED NAMES The following names (followed by DBA and address) were posted in December at the Denton County Clerk’s office. NAME — DBA/ADDRESS
NAME — DBA/ADDRESS
Big Mike’s Coffee LLC, Aura Coffee, 1306 W. Hickory St. Chris Yzquierdo, TBPickup, 1610 E. McKinney St., Apt. 1910 DACCM LLC, Calvert Automotive, 210 Dallas Drive Danielle Boatman, Nature’s Nectars, 1300 Dallas Drive, Apt. 1124
Edgar Martinez, Fundacion Piojo Original, 2612 Hereford Road Erin Clark, Erin Clark Consulting, 6016 Photinia Ave. Kerby Thompson, Thompson Home 194 Cunningham Road
AMOUNT $7,668.27 $26,773.39 $183,031.68 $8,288.20 $6,402.87 $4,244.34 $37,289.99 $124,909.07
REC. DATE 12/06/2016 12/06/2016 12/06/2016 12/22/2016 12/28/2016 12/29/2016 12/29/2016 12/29/2016
NAME — DBA/ADDRESS Mark Shuman, D&T Property Management, 718 Fort Worth Drive, Suite 131 Rahman Momin, Mathnasium of Denton, 5017 Teasley Lane, No. 143 Sherry Ann Harper, Wags and Wiskers T’s, 1926 Willowcrest Loop Vince Bennett, All Pro Tree and Landscape Service, 3750 Pockrus Page Road, No. 25 Vince Bennett, Bennett’s Tire, Auto and Diesel Repair, 3750 Pockrus Page Road, No. 25
CERTIFICATES OF OCCUPATION Bizplex Inc., 3401 E. University Drive, No. 203 DBC Inv. Ltd., 2516 Lillian Miller Parkway, No. 110 Denton Market Street, 3839 Market St., No. 103 ERI-HQ LP, 3311 N. Interstate 35, No. 150 Mark Sartain, 318 E. Oak St., No. 160 Mas Denton VZ LP., 3827 Morse St. McKinney Street Escot, 611 E. McKinney St. Penny Darby, 725 N. Elm St., No. 18 Robert Turner, 4801 W. University Drive, B-102 RR Marketplace LP 2710 W. University Drive 2700 W. University Drive 2530 W. University Drive 2520 W. University Drive 2600 W. University Drive 2610 W. University Drive 2640 W. University Drive 2320 W. University Drive Salman Arab, 2824 N. Locust St. Scott Brown Properties, 207 N. Austin St. South Stemmons Prop., 1801 Hinkle Drive, No. 100 Thomas R. Drisdale, 620 Fort Worth Drive Tyler-Wink Properties, 1401 Fort Worth Drive Vibe Investment Partners, 311 E. Hickory St.
Denton Regional, 3535 S. Interstate 35E Domino’s Pizza, 4940 Teasley Lane, Suite 174 Enterprise Rentals, 1911 W. University Drive Escaping The Square, 318 E. Oak St., No. 160 First Baptist Church of Denton, 1100 Malone St. Hairapy LLC, 513 S. Locust St. Juice Lab, 508 S. Elm St., No. 104 Monsignor King Outreach Center, 300 S. Woodrow Lane Pavecon Ltd., 1800 S. Loop 288
COMMERCIAL ALTERATION Anything Automotive, 3920 E. McKinney St. Brannan Auto Group, 102 Maple St., No. 102 City of Denton Fire Department, 3535 S. Interstate 35E
Forestar Real Estate Group 3200 Lakeview Blvd. 7900 Hudson Bay Lane
COMMERCIAL First Baptist Church Denton, 1100 Malone St. Westgate Properties LP., 4404 Worthington Drive RESIDENTIAL ASAF Inc., 4100 Thistle Hill Country Lakes West LLC 6305 Meandering Creek Drive 6201 Roaring Creek DR Horton 2100 Skysail Lane 4012 Crosstrees Drive 3904 Crosstrees Drive 2105 Corsair Lane
History Maker Homes, 3709 Monte Verde Way Marsha Leffel, 1925 Laurelwood Drive Miriam A. Jackson, 2713 Mistywood Lane Robson Denton Dev. LP 11813 Cinnamon Drive 11908 Willet Way 11924 Brant Way 12101 Willet Way 12025 Willet Way 11905 Cinnamon Drive 8300 American Way 8205 American Way 9721 Orangewood Trail 12013 Willet Way 12009 Willet Way 11809 Cinnamon Drive 8221 American Way 10013 Cypress St. 8105 Sanderling Drive 10109 Cypress St. Sandlin Homes 9008 Athens Drive 9104 Wichita Drive
+++'#!("&($)')&%
Thank You James & Karin for your years of service and dedication to Denton.
AR
12
D
JANUARY 2017
BC
Denton Record-Chronicle
CHAMBER SPOTLIGHT #DentonMeansBusiness WHAT’S NEW?
UPCOMING EVENTS
NEW MEMBERS Bone Daddy’s House of Smoke
Residence Inn Denton
5815 Pin Tail Ct., Keller bonedaddys.com
3761 S. I35E, Denton marriott.com
Cates Tax Advisory
Salata
4120 Bonita Ave, Denton
1200 W. Hickory, Denton salata.com
Century 21 Judge Fite Co.
February 17, 2017 Be an early bird and join us for business and breakfast at our monthly networking meeting!
Sign It Drive It, LLC
3537 Teasley Lane, Denton C21JF.us
801 South Woodrow Lane, Denton signitdriveit.com
Comprehensive Gastroenterology
Slimgeneration of Denton
3323 Colorado Blvd #105, Denton dramjadawan.com
207 W. Hickory St. #211, Denton weightlossdna.com
Discount Trophies, Etc.
Sue Legacy, LCSW
729 N. Locust St., Denton
319 West Oak Street #104, Denton suelegacy.com
Du Pop In Popcorn and Candy, Co.
Texas Title - Denton
2430 I-35 E South #164, Denton
2800 Shoreline Dr. #160, Denton
Dunhill Homes
The Denton Gallery, LLC
3820 Harbour Mist Trail, Denton dunhillhomes.com
1029 W. Hickory, Denton dentongallery.com
Konectors, Inc.
The Luxe 3Eighty
2220 San Jacinto Blvd. #215, Denton konectors.net
26493 E. University Dr., Aubrey luxe3eighty.com
Mixed Media Creations
Tracy Briley & Associates
RIBBON CUTTINGS
1136 Hayden Ln., Aubrey
2300 Rockbrook Dr. Ste D, Lewisville mixedmediacreations.com
Interested in Membership? Call 940.382.9693
CBK3 Consulting
414 W. Parkway Denton, TX 76201 940.382.9693 Denton-chamber.org
PAY THEIR WAY. Our Merchant Services Let Everyone
In Denton!
America’s Drive-In First State Bank is ready to assist your business with any upgrades or transitions that come your way.
Daily ur Happy Ho m p 2pm - 4
Contact us today to learn how you can benefit from FSB’s Merchant Services!
Crown Chase Inn & Suites
(940) 349-5444 . F-S-B.com
400 W. Oak St. | 2430 W. University Dr. 3190 Teasley Ln. | 1696 S. Loop 288 Denton | Gainesville | Lake Kiowa | Muenster Saint Jo | Valley View | Decatur | Roanoke
JS
2450 Brinker Road (940) 387-1000 bwdenton.com
Denton • Crossroads • Paloma Creek Aubrey • Pilot Point • Sanger • Krum
Welcome to The Premier Life.®
www.sonicdrivein.com/denton IU
IU
AR