June Denton Business Chronicle 2018

DENTON

June 2018

Business

CHRONICLE

www.dentonbusinesschronicle.com

planning and North Texas Fair and Rodeo eyes future at $70 million expo center

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By Sarah Sarder

he North Texas Fair and Rodeo is looking to change its location, but plans for the new fairgrounds encompass far more than just the signature event.

Fair officials are creating long-term plans for a $70 million, 111-acre site with the potential to attract a variety of expositions. Budget numbers are not final, as the facility is still being designed.

“If you’re familiar with the fair and rodeo, you know it outgrew this facility about 20 years ago,” Glenn Carlton, the fair’s executive director, said about the current location at 2217 N. Carroll Blvd. “I think the move to the new location will allow the event to grow — and even double or triple in size.”

The current North Texas Fairgrounds occupy a 33-acre area behind Kroger off University Drive, hosting about 200,000 visitors for the nineday fair each August.

The new facility is planned to be

expanding

called the North Texas Expo Center in order to attract more clients. It is being planned on land the North Texas State Fair Association purchased in 2014 west of Interstate 35 between Milam Road and Ganzer Road just northwest of Denton.

The project will include a multipurpose arena, an entertainment pavilion, an exhibition hall and a livestock building.

The arena is being designed as a covered facility capable of seating 8,000 people. Carlton said the 130,000-square-foot venue is expected to double the current rodeo attendance of 4,000 because there will be shade as well as airflow from fans.

During the rest of the year, the association intends to rent out the arena for other events, especially those involving horses and livestock.

“I believe Denton gets it and that we’re going to be supportive of having the expo center as an amenity,” said

ABOVE — an artist’s rendering shows the planned north Texas expo Center competition arena. The covered venue could double the capacity for the rodeo during the north Texas Fair and Rodeo.

Courtesy art north Texas State Fair association

LEFT — Luke pennington rides a steer during youth competition at the north Texas Fairgrounds. dRC file photo

expo | ConTinued on page 3

grads unlock future with credit checkup

By Claire Tsosie | nerdWallet

By Sarah Sarder | Staff Writer Alamo Drafthouse opened its much-anticipated Denton location Monday, unveiling the first of its new large-format theaters, The Big Show, in Texas. The new cinema will

have larger, curved screens, better surround sound and laser projection.

The nationwide cinema chain made its name by offering guests a full menu and alcoholic drinks in a comparatively updaTe | ConTinued on page 4

In college, establishing credit felt about as pressing as an optional homework assignment. But now that you’ve graduated, it’s suddenly at the top of your summer to-do list, with a deadline of ASAP. And for good reason.

Good credit is your ticket to an easier and more affordable postgrad life. It could help you qualify for apartments, nab low-interest car loans, pay less for car insurance, set up utilities with little or no deposits, and more. And it’s not that hard to get started. With a few strategic moves this summer, you can make sure future-you is ready to clinch those savings.

See where you stand

If credit hasn’t been on your radar until now, you might not know CRediT | ConTinued on page 2

getty images

Recent college graduates entering the professional world should be working now to establish credit.

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Denton Record-Chronicle

NUMBNESS?

Business Spotlight

Denton Chiropractic Center college. He said, ‘OK, I’m going to put your name on this card so you can use it if you need to go get some repairs done on your car.’” Because he had managed that card well, it lifted her score, she says.

CREDIT | CONTINUED FROM PAGE 1

No credit? Get started

When you’re starting fresh — no student loans, credit cards or other credit — your to-do list is straightforward: Get an account that reports payments to the three major credit bureaus.

“You only need one credit account to have a good score,” says Barry Paperno, a credit expert and blogger at Speaking of Credit. “That’s all you need. I don’t want people to think the bar is so high for getting a score, or a good score.”

After six months of reporting from that account, you’ll have enough credit history to generate a FICO credit score, he notes. You’ll be able to get a VantageScore credit score even sooner.

Here’s how you can get going: ■ Get a credit card: If you have no credit, you might have to start with a secured card,

Briefly in Business

Denton rents inch up in May The average monthly rent in Denton rose to $1,175 in May, according to the latest report from Rent Cafe.

Rent Cafe is a nationwide apartment search website and a sister company of Yardi Matrix, which develops information tools for real estate professionals.

The increase was just $1 over the average monthly rent in April, reflecting fairly stable rates across the nation between April and May this year.

Denton’s average rent remains slightly below the national average of $1,381 per month, but the gap has been closing as rents locally have continued to increase.

Rent in May 2018 in Denton was 3 percent higher than it was in May 2017.

According to Rent Cafe, most of the fastest-rising rents in recent months were in small cities, with Midland and Odessa continuing to lead the pack.

Rent in those two cities is more than one-third higher than a year ago, with averages in Odessa and Midland at $1,305 and $1,516 per month, respectively.

— Peggy Heinkel-Wolfe

Dr. Marcus Villarreal DE-1684925-01

Cultivate good habits

Getty Images

The federally authorized site AnnualCreditReport.com offers free credit reports from each of the three major bureaus every 12 months. which means putting down a refundable deposit — usually around $200. You might also qualify for an unsecured card with your bank or a store-branded card.

■ Take out a credit-builder loan: With these loans, the money you borrow is typically

held in a bank account while you repay the loan in installments. Afterward, the money is released to you.

■ Become an authorized user: Jackson’s dad added her as an authorized user on one of his cards while she was still in school. “I had a really old car in

Finding out you’ve built a solid credit history without trying can feel like passing a test you didn’t study for: It’s a relief, and a little exhilarating. But resist the urge to mentally check out. To keep that score in good shape, you need to continue building a positive payment history, which means keeping your balances low and paying loans, credit cards and other accounts on time. Be aware you can do this on a credit card without carrying debt from month to month.

“There’s nothing to be gained by running a balance,” Paperno says. “There’s plenty to lose, particularly the high interest you’re going to pay.”

By paying in full and on time, you’ll avoid interest charges and penalties — and keep your score healthy.

(940) 566-3232

Dr. Melissa Noell

www.dentonchiro.com

We’re Here to HELP You!

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CARTWRIGHT BURKE DE-1677039-01

whether you have it or not. So here’s where to start: ■ Check your credit reports.

The federally authorized site AnnualCreditReport. com offers free credit reports from each of the three major bureaus — Experian, Equifax and TransUnion — every 12 months. These list your credit accounts and payment histories, among other information.

■ Check your credit scores.

Typically ranging from 300 to 850, these numbers give you a bird’s-eye view of your credit.

The most commonly used ones are generated by credit-scoring companies FICO and VantageScore. You can access these for free through certain credit card issuers and third-party sites.

Once you do this, you might discover that you actually do have credit — and good credit, at that.

Such was the case for Jennifer Jackson of Atlanta, now 27, who got her first credit card in college. Her dad also added her as an authorized user to a card with a positive credit history.

In school, “I didn’t know that I was building credit,” says Jackson, who founded the blog ADLT101.com. “I wasn’t doing it on purpose. But it ended up helping me.”

After graduating, that good credit helped her get a low-interest auto loan, which saved her plenty, she says. Now, as a millennial transition coach, she speaks to students in colleges and universities about how to prepare for postgrad life.

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Cover Story fair and rodeo to be able to move to the new grounds by 2023.

He said the facility’s concept design, which was begun in early

Expo | CoNTINUED FRoM pAGE 1

Kim Phillips, vice president of the Denton Convention & Visitors Bureau.

The expo center’s exhibition hall is meant to be one of the main draws for clients looking to rent expo space.

Its 94,000 square feet would hold three 15,000-square-foot exhibition spaces that can be combined into a maximum 45,000-square-foot space.

Carlton is optimistic about the facility’s ability to attract a variety of outdoor-related expos from the equine, boating, RV, home and garden, and heavy equipment industries. He estimates that outdoor events could host 20,000 to 25,000 people if using the full area.

The project design includes a covered entertainment pavilion of 46,750 square feet and a 90,000-square-foot livestock building. There will be 120 RV spots on the back side of the grounds, designed with horse trailers in mind.

The North Texas State Fair Association is allowed to sell the current fairgrounds if the fair is relocated. The property is valued at just over $2 million

by Denton County, though Carlton said that evaluation is lower than it should be due to the organization’s property taxexempt status as a nonprofit.

As for the expo center’s $70 million price tag, Carlton said planners are confident about

2017, is about one month from being completed. The next steps will involve speaking with potential clients and making sure

the design will serve them well, conducting an economic impact study on the fair and exploring funding options for the project.

STAND OUT & GET NOTICED!

raising funds. Carlton said the project design is being approached with a “plan what you need and want first” philosophy under the assumption that the project will be well supported.

It has no set budget constraints at present.

Mandy McCutcheon, a pillar of the Denton-area equine community, is a firm supporter of the expo center.

McCutcheon was inducted into the National Reining Horse Association Hall of Fame

Why blend in when you were born to stand out!

in 2011. Her husband, Tom, has won gold medals at the World Equestrian Games, while 18-year-old son Cade recently became the youngest reining competitor to qualify for the games.

“It’s a no-brainer in this area,” McCutcheon said, comparing Denton County’s equine community to that of Lexington, Kentucky. “It’s Horse Country, USA — there’s a reason signs around here say that.”

Carlton said he expects the

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Courtesy art/North Texas State Fair Association

This artist’s rendering shows plans for the North Texas Expo Center, a facility being designed by the North Texas State Fair Association for a site west of Interstate 35 and north of Ganzer Road.

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Enterprising Voices

Annual DISD new employee entrepreneurship support reception slated for Aug. 3 organizations aid startups

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ith the blessing of the Denton school district administration, the Denton Chamber of Commerce has sponsored a popular initiative for more than 25 years to help promote the products and services of its members directly to new teachers and staff.

In conjunction with the start of school year orientation, the annual DISD New Employee Reception is tentatively scheduled for Aug. 3 at Ryan High School.

The continued expansion of Denton ISD campuses and the corresponding new personnel, all under one roof for this event, typically equate to a fruitful opportunity for chamber members to sponsor exhibit space.

Participating exhibitors should have direct access to an estimated 300 potential customers and clients.

In 2017, exhibitor fees for this event from 69 participating businesses provided a total of $2,100 in gift cards as well as an $8,700 donation for Grantsto-Teachers through the Denton Public School Foundation.

Many of these new Denton

Chuck CARPENTER | COMMENTARY

ISD employees are naturally new residents and well educated, with a year-round standing source of personal compensation. Connecting our chamber members’ products and services with potential new clients ultimately benefits all parties.

A similar concept runs through our business-to-business events. Between our monthly business networking luncheons and Business-After-Hours mixers, we provide informal settings where one can typically put a pretty big dent in his or her supply of promotional materials (business cards, coupons, samples, etc.).

The next business networking luncheon is set for Friday,

July 13. Reservations are required.

Anyone willing to cover the territory can have direct access to over 200 fellow business types all in one venue July 26 during our next membership mixer.

Showing up for every event, however, is not necessary for a return on investment. In the first five months of 2018, the chamber staff responded to nearly 25,000 information requests from all over the world.

Our office distributed 990 Denton maps and 379 Destination Denton community resource magazines. Both of these publications are supported by chamber member advertising, and they are available online.

Access to potential clients and customers — 24/7 year-round — is available for most investing chamber members for less than a dollar a day. For more details, please call the chamber office at 940-382-9693 or visit www. denton-chamber.org.

CHUCK CARPENTER is president of the Denton Chamber of Commerce. He can be reached at doc@ denton-chamber.org.

Open/Closed UPDATE | CONTINUED FROM PAgE 1

luxurious moviegoing experience. The Denton location will be able to hold a total of 880 customers.

Denton residents bid farewell in May to the downtown pub Abbey Inn, which closed May 31. The restaurant and bar had been serving English-style dishes and brews for 10 years on its corner of the Square, at the intersection of Hickory and Locust streets.

The restaurant’s bar and music venue component, Abbey Underground, continues to operate from its location under the restaurant at 100 W. Walnut St. Nationwide fast-food chain Raising Cane’s opened its second Denton location June 12, hosting a grand opening with drawings and vouchers for free food and limited-edition T-shirts. The chain’s first local restaurant opened in April 2016 at Rayzor Ranch. The newest store is located at 1511 S. Loop 288, meaning locals can buy the well-liked chicken fingers at two of the city’s biggest fast-food destinations.

Neighborhood corner store Blue Bag Market, located just south of the Square, conducted its final day of business May 31.

After less than a year of operation, the grocery and convenience market at 503 S. Locust St. closed with an open call to action from its owner, Jacob Moses: “Downtown Denton needs a corner store on one of its four cross streets ... Now, I want you to open that corner store.”

After an eight-year journey through North Texas, Armadillo Ale Works has finally opened its own location in Denton to brew and serve craft beer.

The brewery held a two-weekend grand opening beginning June 1, offering food trucks and live music in addition to cold brews. Coffee shop Cryptozoology opened weeks before the brewery, operating in the same space in the morning and early afternoon. The business is housed in an industrial space at 221 S. Bell Ave. southeast of the Square.

The Denton location of Weinberger’s Deli, a sandwich shop with a flagship store in Grapevine, announced May 21 on Facebook that the store had closed. The shop had operated at 311 E. Hickory St. just east of the Square for six years, at one point changing its name to Denton Deli before reverting to Weinberger’s.

CrossFit 288, a new CrossFit gym located off Loop 288, held its grand opening May 26.

The gym began offering regular classes May 28 in the high-

intensity exercise method known as CrossFit. The Denton location at 3841 Market St., Unit 115, offers 60- and 30-minute sessions.

At less than 2 years old, the Denton location of nationwide soup and sandwich chain Erbert & Gerbert’s announced

on Facebook it had closed May 30. The store was located at 119 Ave. A just north of the University of North Texas.

The popular nightlife hub in the Fry Street area has seen its fair share of closures among restaurants, though many bars thrive.

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hen an entrepreneur is launching a new business, access to critical resources that are not always available or affordable at the starting point is often a factor that determines whether the business will be successful or not.

Business incubators, shared working spaces and accelerators have different functions, but they each exist to nurture startups and offer many of the same amenities, including affordable office space, internet, printing and copying services, mentors, training and education, peer-to-peer collaboration and exposure to potential investors.

According to Fast Company, there are four major benefits of utilizing a business incubator to propel your new business: ■ Because many incubator facilities offer resources such as accounting assistance, office space and legal guidance, you can focus on developing your core business instead of focusing on day-today administrative responsibilities.

■ You will have the advantage of tapping into a strong network of business peers from various industries.

■ You are part of a support system where you could learn from the mistakes of others before you make them yourself.

Shannon MANTARO | COMMENTARY

■ You can benefit from mentors who have been entrepreneurs and can assist your business by challenging your strategy and helping to further define your vision and goals.

These entrepreneur support mechanisms can be configured for any set “incubation period,” with any curriculum, can be brick-and-mortar or virtual — depending on the needs of the area and industry they serve.

Though originally designed primarily for technology startups, the types of industries now benefiting from entrepreneur support organizations include biotech, culinary, music, sustainable energy, agriculture technology, outdoor recreation and behavioral science, to name a few.

We’re fortunate to have excellent facilities in North Texas and right here in Denton. Stoke is a co-working space that offers numerous amenities for business owners including:

■ Private, modern conference rooms to meet with clients, ■ A phone call room, ■ Printing services, ■ Secure wireless internet, ■ Use of kitchen, ■ Access to mentors and peer-to-peer collaborative opportunities, ■ A mailing address and package receiving, ■ Free parking, ■ 24/7 access for dedicated members, and ■ Educational opportunities, networking events, member “huddles” and tech meet-ups.

If you are interested in learning what other entrepreneurship support organizations exist in Texas to assist your new startup, the Texas Economic Development Corporation and the Governor’s Office of Economic Development and Tourism provide a directory of more than 100 business incubator profiles throughout the state.

You can download this directory at www.business intexas.com.

SHANNON MANTARO is the director of Texas Woman’s University’s Center for Women in Business and can be reached at smantaro@twu.edu. For more information regarding the Center for Women in Business, visit https://bit. ly/2JRrQdB.

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Vital Statistics SALES TAX PERMITS

The following sales tax permits were issued by the state comptroller’s office for May. The list includes the owner, name of business and address within ZIP codes 75068, 76201, 76205, 76207, 76208, 76209, 76210, 76226, 76227, 76249, 76258, 76259 and 76266.

75068 Printify LLC, Printify LLC, 3129 Lakemont Drive, Little Elm Outpost Systems LLC, Outpost Systems LLC, 413 Dempster Court, Oak Point G&G’s Remodeling LLC, G&G’s Remodeling LLC, 14809 Lone Spring Drive, Little Elm Gee & J Seafood LLC, Gee & J Seafood, 804 Green Coral Drive, Little Elm Veleria Jeanette Claunch, Nuttin Around Texas, 614 Torero Drive, Oak Point Nomad Brothers LLC, 3 Flights Up Taps & Tacos, 2832 E. Eldorado Parkway, Suite 212, Little Elm Brian Gatlin, KNB Stone, 2377 Elm Valley Drive, Little Elm Four Seven Seasons Outdoor Care LLC, Four Seven Seasons Outdoor Care LLC, 2752 Peach Drive, Little Elm Lone Star Fire Safety Equipment LLC, Lone Star Fire Safety Equipment LLC, 817 Mist Flower Drive, Little Elm Zip It Postal And Auction Centers LLC, Zip It Postal And Auction Centers, 2701 Little Elm Parkway, Suite 100, Little Elm Ease Your Panes Window Cleaning LLC, Ease Your Panes, 2820 Waterton Drive, Little Elm Pesci LLC, Pesci LLC, 2743 Hacienda Lake Drive, Little Elm James D. Blanchard, Compass & Cutter, 131 Maverick Trail, Oak Point Barbie Smithyman, Front Row Addiction Boutique, 2420 Spruce Court, Little Elm Little Elm Friends of the Library, Little Elm Friends of the Library, 100 W. Eldorado Parkway, Little Elm Adventure Products LLC, Adventure Products LLC, 613 Hummingbird Drive, Little Elm Micaela Redmond, M.Red Design, 2409 Lakebend Drive, Little Elm Travis-Smith Enterprise LLC, Heaven On Ice, 2736 Pine Trail Drive, Little Elm Carla Jenine Broom, 5 Star Management, 2050 FM423, Apt. 4207, Little Elm Par-Mor Construction Inc., Par-Mor Construction Inc., 9809 Pikes Peak Place, Oak Point Miyabq LLC, Miyabq LLC, 1116 Lake Woodland Drive, Little Elm Nancie M Olsen Brunk, QuiltsByRaggdolly, 2415 W. Eldorado Parkway, Little Elm

Peak Partners XIII LLC, Peak Partners XIII LLC, 2765 E. Eldorado Parkway, Suite 210, Little Elm 76201 Kala Elise Bennett, Kalaelise, 315 Locust St., Apt. 203, Denton Roy D Nelson, Roy’s Mobile Snacks, 8000 I.O.O.F St., Apt 3, Denton Roger T Johnson, Shop the Barn, 222 S. Elm St., Denton Randolph Foods LLC, Randolph Foods LLC, 420 S. Carroll Blvd., Suite 102, Denton Ryan Moyer, Moyer’s Handyman, 1204 Linden Drive, Denton Blue Noah Enterprises Inc., Egg House Cafe, 1622 W. University Drive, Suite 100, Denton The Ghost Note LLC, The Ghost Note LLC, 901 S. Elm St., Denton Etep Free Inc., Lucky Lou’s, 1207 W. Hickory St., Denton M3 Moments LLC, M3 Moments Matter Most, 2321 Georgetown Drive, Denton Seis Pelmculas LLC, Alamo Drafthouse Cinemas, 3220 Town Center Trail, Denton 76205 Earthwood Cabinet Company Inc., Earthwood Cabinet Company Inc., 1032 Shady Oaks Drive, Suite 204, Denton Collaborative Spaces LLC, Collaborative Spaces, 3400 Montecito Drive, Denton Lonestar Fence & Supply LLC, Lonestar Fence & Supply LLC, 2200 N. Interstate 35E, Denton Znzone Merchant LLC, Wireless Stop, 1280 S. Loop 288, Suite 100, Denton MDM Plumbing Services LLC, Good Ol Boyz Plumbin, 2304 Hollyhill Lane, Denton Smarte Carte Inc., Planet Fitness — Denton, 2434 S. Interstate 35E, Suite 120, Denton Corlon Frank Russell, Toucoe, 1710 Sam Bass Blvd., Denton Moda Trend Inc., Trends, 2201 S. Interstate 35E, Suite S16B, Denton Nasr Ranch Hills LLC, D.B.A. Rolling Hills Ranch, Nasr Ranch Hill LLC, 2316 Hollyhill Lane, Denton Teen Collections LLC, Plato’s Closet, 725 S. Interstate 35E, Suite 152, Denton

ASSUMED NAMES

The following names were posted in May at the Denton County Clerk’s Office.

NAME — ADDRESS

NAME — ADDRESS

Trinity Tribe Boutique, 2208 Archer Trail, Denton Consumers First RV, 8009 Rodeo Drive, Denton Signs and More Denton, 4401 E. McKinney St., Denton Strenton Coating and Contracting, 613 Texas St., Denton Collective Union, 628 Aspen Drive, Denton Grassroot Developments, 1709 Wisteria St., Denton Abstudios TV, 608 Chateau Court, Denton Salon Indigo, 608 Chateau Court, Denton DK Transport, 5526 Farris Road, Denton PapaBlank Team, 904 Chapel Drive, Denton PapaBlank Realty Team, 904 Chapel Drive, Denton Nequa’s Squeaky Clean Services, 424 Gabe Court, Denton

Creations Unlimited, 1829 Westchester St., Denton Denton County Home Services, 3400 Joyce Lane No. 153, Denton Dan’s Meat and Produce, 2736 N. Elm St., Denton Kingdom Movers, 6717 Longleaf Lane, Denton Halo Dips Southwest, 424 Stroud St., Denton Drunchies Tacos, 1115 W. Hickory St., Denton Good Neighbor, 624 W. University Drive, Denton Goodneighbor Maintenance, 624 W. University Drive, Denton CrossFit 288, 3841 Market St., Unit 115 C&J Investment Co., 5021 Split Rock Drive, Denton Exterior Solutions, 4000 Ranchman Blvd., Denton

Genesco Footwear LLC, Journeys #540, 2201 S. Interstate 35E, Denton Crazy Cool Family, Crazy Cool Family, 1400 Dallas Drive, Denton 76207 Justin Retherford, Lone Star Developments, 8101 N. Interstate 35, Denton Groggy Dog Sportswear and Graphic Design LLC, Groggy Dog, 4017 Mesa Drive, Building 2, Denton Getty Equine Nutrition LLC, Getty Equine Nutrition LLC, 10100 Southpoint Court, Denton Joel Mongo, Tripple J Autos, 3224 N. Bell Ave., Denton DSR, Cherokee 180 LLC, 904 Aeronica Drive, Denton Glenda Marroquin, Erika’s Catering, 4937 Stuart Road, Trailer 69, Denton Elizabeth Price, Simple Motion Studios, 3321 Evers Parkway, Denton Getty Equine Nutrition LLC, Getty Equine Nutrition LLC, 10100 Southpoint Court, Denton

Alejandro Mora, Mora’s Maintenance Service, 3105 Lance Lane, Denton Denton County Pizza I LLC, Pizza Patron, 111 E. University Drive, Suite 101, Denton Jennifer Alyson Watkins, Paper N Motion, 318 Audra Lane, Apt. A, Denton James C Brown, Archery Air Conditioning and Heating, 1811 Laurelwood Drive, Denton Bell Wireless LLC, Bell Wireless LLC, 619 E. Sherman Drive, Denton Ingrid Johnson-Wiggins, Golden Goddess Collection, 619 Withers St., Denton Baby E Sampson, Ethel’s Creation, 508 Rose St., Denton Megan Renee Wheeler, Sincerely Surviving, 2003 Kayewood Drive, Denton

76249 D3 Repairs LLC, D3 Repairs LLC, 6042 Hawkeye Road, Krum Maria Avalos and Carlos Avalos, El Gallo Latin Market, 137 W. McCart St., Krum Anai B Ramos, Rossy’s Beauty Lounge, 900 E. McCart St., Suite 900, Krum Biz-Net Services Inc., Biz-Net Services Inc., 202 W. McCart St., Suite 200, Krum

76209 Sarah Renee Carel, Carel Creations, 111 E. University Drive, Suite 105-156, Denton

NAME — ADDRESS

NAME — ADDRESS

NAME — ADDRESS

NAME — ADDRESS

Deloris Dean, 4210 N. Interstate 35, Denton Erhart’s Jewelers, 260 S. Interstate 35E No. 200 Clemons Moore Construction Solutions, 7108 Raintree Way, Denton Ivory Roast Coffee, 422 Audra Lane, Denton Marisol Mora, 2100 Carriage Hill St., Denton TKO Construction, 505 Fort Worth Drive, Suite 106, Denton Appraisal Checkpoint, 1400 San Marino Lane, Denton Amigos Insurance, 701 S. Elm St., Denton Griffin Fence and Construction, 705 Juno Lane, Denton Mad Women Media, 1104 Palmwood Place No. 8, Denton Scuba Scrub, 3301 Gardenview Circle, Denton Denton Sports Chiropractic, 207 W. Hickory St. No. 210, Denton Harris Interior Design Blue Print, 2116 Burning Tree Lane, Denton Bee-Ag Exemptions, 1209 Bryn Mawr, Denton Sweetwater, 115 S. Elm St., Denton

Denton High Volleyball, 1007 Fulton St., Denton AM Landscape, 1200 Dallas Drive No. 1822, Denton High Maintenance, 2713 Winchester Court, Denton Emergency Air Service, 1516 San Gabriel Drive, Denton Royal Kutz and Beauty, 3730 E. McKinney St., Suite 106, Denton Subway Sandwiches, 1720 W. University Drive, Denton Dion’s Haircutting Class, 301 Coronado Drive, Apt. 2026, Denton 3G Properties Group, 9904 Crestridge Drive, Denton Ixel, 4504 Trumpet Vine, Denton Bubble Daddy Soap Co., 1800 Teasley Lane, Apt. 103, Denton Madewell Realty Group, 2434 Lillian Miller Parkway, Denton Blown Away Glamour Studio, 8000 Clear River Lane, Denton Electric Magic Photography, 2108 Redwood Place, Denton

Fastsigns Denton, 1908 Sadau Court, Denton 4G Electric, 518 Mill St., Denton Tripple J Autos, 3224 N. Bell Ave., Denton Sangam Indian Restaurant, 111 E. University Drive, Denton Roy’s Mobile Snacks, 800 I.O.O.F. St., Apt. 3, Denton Newmarket Real Estate Group, 1119 Bellemead Drive, Denton Jose M Irrigation and Landscape, 3700 Camino Real Trail, Denton Texas Digital Dental Lab, 312 McKamy Blvd., Denton Divine Nails and Spa, 3969 Teasley Lane No. 1200, Denton Bunch Bikes, 2170 Collins Road, Suite 103, Denton Block Parties, 2420 E. McKinney St. No. 11109, Denton Lonestar Exterior, 1308 Teasley Lane No. 325, Denton J and R Technologies of Texas, 3120 Lakeview Blvd., Denton Affordable Auto Repair Service, 534 S. Elm St., Denton

JS Remodeling Construction, 4728 Redbud Drive, Denton Mora’s Maintenance Service, 3105 Lance Lane, Denton Texas Strength Syndicate, 3406 Sagebrush Drive, Denton 2 Brothers Automotive, 2321 Masch Branch Road, Building 5, No. 328, Denton The Jeweled Pony, 4202 Boxwood Drive, Denton Shepherd Effect, 1520 Wayne St., Denton E & M Services, 7109 Sunburst Trail, Denton Teslor Trucking, 1711 Sena St., Denton Holly Bakes It, 3112 Hornbeam St., Denton High Production Construction, 1908 Sapphire St., Denton Trilogy Athletics, 2200 Shenandoah Trail, Denton BTW Studio, 816 N. Bell Ave., Apt. 32, Denton Expanded Light, 609 N. Locust St., Denton SA Inc., 111 E. University Drive, Suite 105-187, Denton Ivory Cake Inc., 111 E. University Drive, Suite 105-187, Denton

76208 Randy S Hyman, Bugless Windows of Texas, 5001 Par Drive, Denton Apex Hot Shot Transport LLC, Apex Hot Shot Transport LLC, 1402 N. Corinth St., Suite 121, Corinth Marcato Brands LLC, Bunch Bikes, 2170 Collins Road, Suite 103, Denton Graysen Wingate, Wingate Lawn Care, 208 W. Shady Shores Road, Shady Shores Cameron Noelle Richman, Southern Charmed Junk, 3424 Evening Wind Road, Denton Campfire Ventures LLC, Campfire Ventures LLC, 1907 Rocky Court, Corinth Tamara Leigh Manning, Nem Graphics, 2001 Le Sage Court, Denton Diego A Esquivel, Signs and More Denton, 4401 E. McKinney St., Denton J25 Holdings LLC, J25 Holdings LLC, 3036 N. Trinity Road, Denton Maria Hinostroza De Castro Ana Hinostroza Salazar, Elotes Francisca, 3922 E. McKinney St., Denton Linda Darlene Burson Odle, Fun Expressions, 6136 E. McKinney St., Denton Heather Adams, ShadesbyStyrdy, 2550 Stockbridge Road, Apt. 17201, Denton Cara Gudgel, Lakeside Adventure Rentals, 804 Driftwood Drive, Shady Shores

76258 Pedros’ Tex Mex & Grill # 1 LLC, Pedro’s Tex Mex & Grill, 209 S. Washington St., Pilot Point JD Naturescapes, JD Naturescapes, 1129 S. U.S. Highway 377, Pilot Point Jessica L Sanders, 432 S. U.S. Highway 377, Pilot Point

76227 Amanda L Miller, Spinning Wheels Boutique, 8500 U.S. Highway 380, Cross Roads Cathy Faris, Adairing Looks, 1050 Keyes Lane, Cross Roads All About Cleaning LLC, All About Cleaning LLC, 725 Lark Drive, Aubrey Recovery Care Products LLC, Recovery Care Products LLC, 4300 S. U.S. Highway 377, Suite 3, Aubrey Jeffrey Wayne Preddy, Lonestar Mobile RV Repair, 26878 E. U.S. Highway 380, Aubrey Carole Maclean and Mitchel Maclean, Power Full Color Envelopes, 8517 Bonanza St., Aubrey Braswell High School Band Booster Club, Braswell High School Band Booster Club, 26750 E. University Drive, Aubrey AJs Family Automotive LLC, AJs Family Automotive LLC, 26746 E. U.S. Highway 380, Aubrey Panda Express Inc., Panda Express #2999, 11401 U.S. Highway 380, Cross Roads Adriana S Guzman, Captivating Design, 400 W. Sherman Drive, Aubrey

76259 Stephen Joseph Presley, iGeek Repair, 245 Meadowlands Drive, Ponder Joshua Clements, JC Outdoors, 220 Oaklawn Drive, Ponder James Brent Morris, Zoddo Fuffler Signs, 103 N. Frederick St., Ponder 76266 C-Maxx Innovations Inc., C-Maxx Innovations Inc., 2198 Covey Circle, Sanger Jonathan W Perkins, Final Faze, 10940 Lakecrest Drive, Sanger Dan Alvarez, Pro-scapes, 6378 Milam Road, Sanger Precision Fireworks LLC, Precision Fireworks LLC, 2845 View Road, Sanger Heriberto Ramirez, Cyber Merchant, 1807 Sand Stone Drive, Sanger Lone Oak Concepts LLC, Lone Oak Cafe, 711 N. 5th St., Sanger Connie Jackson Hicks, Circle H Brand, 9 Sable Creek Blvd., Sanger

BUILDING PERMITS

Investors eye rising rates “It is so hard for me to believe that you can drop money from a helicopter and not have inflation.”

— Warren Buffett in Fortune, 2015

... What happens when there’s an actual crisis? When a real downturn kicks in?

Jonathon FITE | COMMENTARY

0.9 percent to 2.4 percent in a matter of hours. Those kinds of price swings are not supposed to happen in developed markets.

Even in the United States, yields on the 10-year U.S. note dropped 16 basis points overnight, from 2.93 percent to 2.77 percent. That’s considered massive volatility for U.S. government bonds.

If safe, stable assets like government bonds can react so violently from such an insignificant event, what happens when

there’s an actual crisis? When a real downturn kicks in?

One of the initiatives being pursued at the University of North Texas College of Business, where I teach, is to develop a corporate health program for the businesses that emerged or began after the 2008-09 crisis. None of these companies — many led by young entrepreneurs — has seen the pains of a recession, and they need tools to prepare for the eventual storm sure to hit.

Some might say the same is needed for each of our investment portfolios. The reality of rising rates, and the potential allure of bond funds, may not create the safe harbor more experienced savers are used to.

We believe owning undervalued businesses — mainly investments that will benefit from inflation and rising rates — is the best course. This, along with a willingness to build cash to help you exploit the next major downturn, can support investors eyeing rising rates.

JONATHON FITE is a managing partner of KMF Investments, a Texas-based hedge fund. He is a professor 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 personal investment advice. Comments may be sent to email@ KMFInvestments.com.

The following building permits were issued by the Denton Planning and Development department in May. Commercial alterations and commercial permits reflect the owner or tenant and the address of the business. Residential permits include the address of the home.

CERTIFICATES OF OCCUPATION Zodiac Seats U.S. LLC, 2269 N. Masch Branch Road, Building 3 Shop the Barn, 222 S. Elm St. No. 100 New China King Buffet, 1008 W. University Drive Food for Soul, 2321 N. Masch Branch Road No. 344 Texas Coalition for Animal Protection, 711 Sunset St. No. 102 Dad & Sons Plumbing, 525 Fort Worth Drive No. 206 ServPro of Denton and North Richland Hills, 2321 N. Masch Branch Road No. 307 TCP Real Estate, 1701 N. Elm St. Rustic 9 Furniture LLC, 2321 N. Masch Branch Road No. 307 612 E. McKinney St. LLC, 612 E. McKinney St. COMMERCIAL Justin Boucher, 2500 W. University Drive Fidelity Realty Partners, 2310 W. University Drive American Tower Corp., 1212 E. University Drive Lo Denton Bonnie Brae LTD, 2200 W. University Drive No. 180 Barney James and Cynth Venables, 113 Cedar Lane Margaret Crouch, 108 W. Oak St. No. 101 Bullseye Bike Shop LLC, 700 W. Hickory St. Templo Bethel, 3105 Heather Lane Fisher Family Partnership LP, 2418 N. Interstate 35 Peach Tree Group Inc., 2204 San Jacinto Blvd.

Norman T Johnson, 1809 N. Elm St. SRC Real Estate LP, 2201 S. Interstate 35E City of Denton, 901 Texas St., Suite B1 Rosentino LP, 121 N. Woodrow Lane Verizon Wireless, 2200 N. Bell Ave. David Moore, 2800 Shoreline Drive No. 270 VRR Apartment LLC, 3235 Heritage Trail Movie Theater Apartments LTD, 3200 S. Interstate 35E No. 1150 Bell Commercial LTD, 419 S. Elm St. Denton Chinese Church, 409 Fulton St. Joanne S Simmons, 110 N. Woodrow Lane No. 100 Joanne S Simmons, 110 N. Woodrow Lane No. 120 DATCU, 3620 Duchess Drive Halle Properties LLC, 100 S. Loop 288 Texas Woman’s University, 1303 N. Austin St. RESIDENTIAL Bloomfield Home LP, 5005 Marble Falls Drive DR Horton 3920 Ranchman Blvd.

3504 Masthead Drive

Forestar Real Estate Group Inc. 7609 Castle Pines Lane 7605 Castle Pines Lane 7625 Echo Hill Lane Gehan Homes 6600 Roaring Creek 6617 Roaring Creek 6609 Roaring Creek Habitat for Humanity of Denton County, 609 Maddox St. History Maker Homes 5425 Las Lomas Drive 5509 Las Lomas Drive 5520 Marina Drive 5309 Marina Drive 5516 Marina Drive LGI Homes-Texas LLC 4708 Merchant Trail 4704 Merchant Trail 4700 Merchant Trail 4620 Merchant Trail 4712 Merchant Trail 4716 Merchant Trail Pulte Homes, 6200 Meandering Creek Drive Robson Denton Development LP 9816 Silver Rock Way 11908 Cinnamon Drive 11917 Cinnamon Drive 11920 Brant Way 9605 Greenstone Way 12600 Lignite Drive 8208 American Way 9904 Orangewood Trail 9813 Arkose Drive 9504 Greenstone Way Terry McClure, 723 Bailey St. Wyndham Custom Homes LLC 3509 Ann Arbor Lane 3516 Ann Arbor Lane 3605 Ann Arbor Lane 3504 Meadowtrail Lane 3505 Meadowtrail Lane 3509 Meadowtrail Lane 3520 Meadowtrail Lane 3601 Meadowtrail Lane 3605 Meadowtrail Lane 3608 Meadowtrail Lane

WHEN IT COMES TO YOUR BUSINESS, THESE NEW RAM TRUCKS MEAN BUSINESS. Your Full Service Dealer: Sales, Parts, and Service

Larry Terry

lterry@classicofdenton.com 940-498-9800

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

DE-1685261-01

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76226 The Murph Group LLC, The Murph Group LLC, 721 Lark St., Argyle Kingdom Assets Inc., Kingdom Assets Inc., 9000 Mustang Way, Argyle Ji Yeon Inc., Donut Paradise, 100 Country Club Road, Suite 109, Argyle Hawk Products LLC, Hawk Products LLC, 820 Dove Cove, Northlake BGB Restaurants LLC, Casamia Mexican Restaurant & Bar, 3501 E. FM407, Suite 700, Bartonville Honking Dog LLC, Great Clips #2659, 3501 FM407, Suite 170, Argyle Jamie D Price, North Texas Tees, 8440 Steeplechase Circle, Argyle Hayley McDaniel, Quinn Couture and Boutique, 428 Bent Creek Cove, Argyle The Murph Group LLC, The Murph Group LLC, 721 Lark St., Argyle

Lari Taylor, Sands of Imagination, 1100 Cotton Exchange Drive, Aubrey Candice G McCarty, Clutch Fitness Club, 9036 Greene Drive, Aubrey Laurel Kippels, Crystal Kitten, 1908 Dr. Sanders Road, Providence Village Pop Restaurants LLC, Popeye’s #12100, 26515 E. U.S. Highway 380, Aubrey Capital Gaming Supply LLC, Capital Gaming Supply, 4300 S. U.S. Highway 377, Aubrey 7-Eleven Inc., 7-Eleven Convenience Store #35856, 26411 E. U.S. Highway 380, Aubrey

76210 Laurel Geist, Laurus & Luxe Boutique, 2318 Ranch House Drive, Denton 7-Eleven Inc., 7-Eleven Convenience Store #36436H, 1100 FM2181, Corinth Yachtsea Sailing LLC, Yachtsea Sailing, 3205 Mulholland Road, Corinth Karel L Petty, Dresses for Vivi Blake, 2517 Shiloh Road, Denton 7-Eleven Beverage Company Inc., 7-Eleven Convenience Store #36436H, 1100 FM2181, Corinth Mercedes Taqueria LLC, Mercedes Taqueria LLC, 2112 Hemingway Drive, Denton Genena Lynn Barnes, Spruce Staging and Decor, 3217 Como Lake Road, Denton Susan Marie Warwas, CCTinyArt, 7 Wellington Oaks Circle, Denton Joe Randle, JRandle Photography, 1600 Eagle Ridge Drive, Corinth Extra Space Management Inc., Corinth FM 2181 #8863, 3831 FM2181, Corinth Nicole Marie Day-Will, TX Great Cuts, 7650 S. Interstate 35E, Suite 116, Corinth Bankingforms.com, DFW Home Health, 1205 Bent Oaks Court, Suite 100, Denton Matou Traore, Matu’s Pure Nature, 3816 Gennker Drive, Denton Taylor Williams, Taylor’s Tees, 2018 Piper Drive, Corinth John Morales, ZiLvintage, 1610 Cedar Elm Drive, Corinth Advantage Wall Panel Systems LLC, Advantage Wall Panel Systems, 3011 Brett Road, Corinth Solid Stone In Granite Inc., Solid Stone In Granite Inc., 3423 Lipizzan Drive, Denton Leila’s Food Truck LLC, Leila’s Food Truck LLC, 8101 Serenity Way, Denton Tonya L Creamer, Na’Na’s Hippie Shack, 6820 Crenshaw Lane, Denton

Enterprising Voices

ast week the Federal Reserve announced another much-expected rate hike, moving short-term interest rates into the range of 1.75 percent to 2 percent. One of the supporting factors in the Fed’s decision to hike rates was an inflation reading that was the highest in more than six years.

Price indexes rose 2.6 percent year over year, indicating that even with the rise in rates, owners of short-term bond funds are still losing money in real terms.

As investors begin to rethink asset allocations, considering a shift into longer-dated bond funds as rates begin to rise, many signs point to that still being a dangerous move.

While the Fed was the first of the world’s major central banks to start removing monetary stimulus, others are preparing to follow (some 10 years after the recession). Yet, they may have a more difficult time of it.

A few weeks ago, a technocrat no one outside of Italy had ever heard of was denied the finance minister position. This should not have been a big deal, but it wreaked havoc across global markets.

Italy’s stock market plunged 5 percent, which is considered a major drop. But curiously, the stock market fell here as well, with the Dow Jones Industrial Average dropping 400 points.

Even markets in China and Japan had large declines as a result of the political turmoil in Italy.

But it wasn’t just stocks, which investors expect to be volatile. Bonds, which are supposed to be safe, stable and boring assets — especially government bonds in highly developed nations — fell as well.

It was the worst in Italy, where investors dumped the two-year Italian government bond, and yields (which move opposite to prices) surged from

House of Hali LLC, House of Hali, 2700 Colorado Blvd., Apt. 1034, Denton 6501 S. Stemmons Freeway LLC, South Denton Storage, 6501 S. Interstate 35E, Corinth Maria Hinostroza De Castro Ana Hinostroza Salazar, Elotes Francisca, 3628 S. Interstate 35E, Denton Healthline Medical Equipment Inc., Healthline Medical Equipment Inc., 2925 Country Club Road, Suite 103, Denton

C0620SX005P_BRD_GREY.pdf;19.Jun 2018 22:08:33

CYAN BLACK MAGENTA YELLOW

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June 2018

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Denton Record-Chronicle

CHAMBER SPOTLIGHT #DentonMeansBusiness

QUARTERLY MEMBERSHIP LUNCHEON

UPCOMING EVENTS Since January 1, 2018, the Denton Chamber of Commerce and our Denton Convention & Visitors Bureau have promoted the Denton community via: Denton Chamber of Commerce Building: • 27,100 brochures distributed servicing more than 25,000 people with Denton literature • 990 Denton maps and 379 Destination Denton relocation guides • 5 92 walk-in visitors and 729 phone inquiries • Most inquiries come from: DFW Area, Houston, Waco, San Antonio, and New York Discover Denton Welcome Center: • 5 ,199 brochures distributed • 341 Denton maps and 318 Destination Denton relocation guides • 29,839 walk-in visitors • Most visitors come from: DFW Area, California, Mexico, New York, and Austin

SPONSORED BY THE NORTH TEXAS STATE FAIR ASSOCIATION

RED, WHITE AND JAZZ

RIBBON CUTTINGS

Duluth Trading Company May 17, 2018

Susie’s Snack Shop May 18, 2018

DENTON CHAMBER OF COMMERCE BOARD OFFICERS Erik Clark..........................................................Chair of the Board Jill Jester ................................................. Chair-Elect of the Board Jim Fykes............................. Immediate Past Chair of the Board Monica Glenn......................................... Vice Chair of the Board

Greg Johnson ......................................... Vice Chair of the Board Amanda Oringderff ............................... Vice Chair of the Board Rick Wick................................................. Vice Chair of the Board Carrell Ann Simmons .....................................................Treasurer

Insurance Auto Auctions May 22, 2018

DIRECTORS Lee Allison • Jason Bodor • Roy Culberson • Sheryl English • Russ Ellis • Gary Henderson • Michelle Houston Amy O’Keefe • Hector Mendoza • Lee Ramsey • Jeff Reecer • Pat Sherman • Randi Skinner

Raising Cane’s Loop 288 June 12, 2018

— UPCOMING RIBBON CUTTINGS —

EX OFFICIO DIRECTORS

DATCU West Denton Branch

Hugh Coleman ................................................................................................................. Denton County Commissioner, Pct. 1 Carine M. Feyten, Ph.D. ........................................................................... Chancellor & President, Texas Woman’s University Kerry Goree..................................................................................................................... Denton Black Chamber of Commerce Mary Horn ................................................................................................................................................... Denton County Judge Bob Moses ............................................................................................................Chair, Denton Convention & Visitors Bureau Larry Parker............................................................................................................ Economic Development Partnership Board Marty Rivers............................................................................................................ Economic Development Partnership Board Neal Smatresk, Ph.D...........................................................................................................President, University of North Texas Charles Stafford ............................................................................................................................Denton ISD Board of Trustees Aaron Newquist .................................................................................................................... General Chair, Leadership Denton Chris Watts.................................................................................................................................................. Mayor, City of Denton

Tuesday, June 26 • 9:00 AM 2216 Emery Street Denton, TX 76201

Hickory Creek Ranch Apartment Access Art Alley June 1, 2018

Friday, June 29 • 12:00 PM 2700 Cedar Creek Lane Denton, TX 76210

NEW MEMBERS Corner Bakery Cafe

Alamo Drafthouse Cinema Denton

CMIT Solutions of Denton

Ember Group

2217 S I-35 E at Loop 288 Denton, TX 76205 (940) 312-7457

I-35 & Hwy 380 Denton, TX 76207 (940) 220-4900

130 North Preston Road Ste 100 #202 Prosper, TX 75078 (940) 448-2020

2430 S I-35 E Denton, TX 76205 (214) 247-7155

Rustic + Modern Handcrafted Furniture 4292 US Hwy 377 S Aubrey, TX 76227 (469) 347-2484

Southwire

2727 Geesling Road Denton, TX 76208 (940) 243-8200

Interested in Membership? Call 940.382.9693

414 W. Parkway Denton, TX 76201 940.382.9693 Denton-chamber.org

In Denton!

America’s Drive-In Daily ur p Ha py Ho m 2pm - 4p

Denton • Crossroads • Paloma Creek Aubrey • Pilot Point • Sanger • Krum www.sonicdrivein.com/denton

Crown Chase Inn & Suites 2450 Brinker Road (940) 387-1000 bwdenton.com

To find out how our print, online and mobile advertising programs can help your business grow, call 940-566-6858 or email advertising@dentonrc.com

Welcome to The Premier Life.®

C0620SX006P_BRD_CMYK.pdf;19.Jun 2018 17:25:28

CYAN BLACK MAGENTA YELLOW