FEBRUARY 2013
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Inside F E B RUA RY 20 13
1st Bank and Trust of Murphysboro ........7
WORKPLACE
MONEY MATTERS
Looking for love: Employers who think their associates in the workplace focus on business 100 percent of the time are making a mistake. Workplace dating can harm morale if not properly managed. Workplace dating also can become a problem in terms of the perception of how workplace issues are handled. Policies regarding dating can save you considerable headaches and resources later. Page 6
Doing it yourself: Some small business owners are deciding to adopt old-school, employer-funded retirement plans. It takes some planning, but a long-established family business with a payroll made up of a few family members may find one of these plans highly attractive. The plan contributions can be large, and the benefits can go directly to family members and/or their spouses. Page 12
Graphics Galore ................................ 17
John A. Logan College ........................ 16
Leading Lawyers ................................ 15
INDICATORS Some bright spots: The statewide economy ticked higher again in November on the respected University of Illinois Flash Index, a weighted average of growth rates in corporate earnings, con-sumer spending and personal income. Air passenger traffic at Williamson County Regional Airport grew 4 percent from October to November and 6.4 percent over the prior year. Get the other measures of unemployment, gasoline prices, home and new vehicle sales. Pages 10-11
ACHIEVEMENTS Who’s in the news: Find out who has been hired, who has been promoted or who has received an award for efforts in business. Make sure you check out our newest Faces in the News collection of business portraits and learn more of the achievements and honors in regional business. If you know of a business person who deserves special recognition for advanced training, a unique honor or a business expansion, please let us know at sbj@thesouthern.com. Pages 14-15, 19
Pepsi MidAmerica .......................... 3, 18
SIU Credit Union ................................ 20
Small Business Growth Corp. .............. 5
Southern Illinois Healthcare.................. 8
Contact us The Southern Business Journal is a publication of The
Publisher: Bob Williams n 618-351-5038
Southern Illinois University ................ 13
Southern Illinoisan. Contact us via mail at 710 N. Illinois Ave., Carbondale, IL 62901, or at P.O. Box 2108, Carbondale, IL 62903. Also reach us on the Web at www.sbj.biz and via email at SBJ@thesouthern.com. The Journal is published 12 times per year monthly, and mailed to businesses, community development leaders, chambers of commerce members and other professionals in Southern Illinois. Copyright 2013 by
Editor: Gary Metro n 618-351-5033 Advertising: Mark Dynis n 618-351-5815 Online: JC Dart n 618-529-5454, ext. 5183
The Southern Illinoisan, all rights reserved. A subscription may be obtained by calling 618-529-5454 or 618-997-3356, or by visiting our website.
State Farm Insurance ........................ 18
Database Coordinator: Mark Doman n 618-351-5042
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FEBRUARY 2013
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Turning adversity into possibility BY CALEB HALE SBJ CORRESPONDENT
Interested in overcoming adversity? You might be inspired by the story of a man who didn’t let substantial physical handicaps stop him from playing major college tennis. The man, Roger Crawford, will be the featured speaker at the Feb. 27 Community Leaders Breakfast sponsored by The Southern Illinoisan and Southern Business Journal. “Playing From The Heart: Turn Adversity Into Possibility” is the title of Crawford’s presentation. Crawford is a noted motivational speaker who has been featured in Sports Illustrated, on CNN’s Larry King Live, in Fast Company, among other media venues. He suffers from ectrodactylism, a rare genetic disorder that leaves people missing fingers and toes. Crawford also has a prosthetic left leg. Despite his physical limitations, he played and excelled as a tennis player for Loyola Marymount University in Los Angeles during the late 1970s and early ’80s.
Crawford has been a speaker for three decades, challenging people to overcome their own handicaps, which, he added, everyone carries. “Oftentimes, when people look at me they feel as if I’ve lived life with a disadvantage. My message to people is everybody has challenges. The only difference is you can see my challenge; I can’t necessarily see yours,” he said. Crawford said the greatest limitations often are self-imposed, and that it’s gratifying when his message resonates with someone. “The goal in my talk is I want it to be relevant, and I want it to be remembered,” he said. “People don’t necessarily remember what I said, but they remember what they heard. The point is that I hope, as people listen to my presentation, they do it from a place of self reflection.” Sports can be a point of inspiration for people, but recent scandals, including the doping revelation of cyclist Lance Armstrong and the fake girlfriend saga of Notre Dame linebacker Manti Te’o, have been damaging.
Crawford said the story of Armstrong, with whom he has shared a speaking platform in the past, is particularly sad, given the number of people the cyclist inspired through his comeback from Crawford cancer. “I think there is a lesson to be learned from the story of Lance Armstrong. It’s that when you build your accomplishments on a lack of integrity, eventually it will collapse,” Crawford said. “I mean, you look at how long he was able to perpetuate … the myth about himself … and now it just collapsed under him. For people who are wanting to build success on the foundation of untruths, it won’t last.” Crawford has won multiple awards for his motivational speaking, authored several books and helped more than 5,000 organizations in applying principles he covers in his presentations. He resides in the Sacramento, Calif., area.
HOW TO GO The Community Leaders Breakfast featuring motivational speaker Roger Crawford will be from 7 to 9 a.m. Wednesday, Feb. 27 at John A. Logan College in Carterville. Registration is required; the cost is $15 per person and includes a full breakfast. To register, call The Southern Illinoisan at 618-351-5002 or register online at sbj.biz by Monday, Feb. 18.
Find more business news at www.sbj.biz. Find more information about Roger Crawford and his career with this story online at www.rogercrawford.com
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SOUTHERN BUSINESS JOURNAL
FEBRUARY 2013
Cover Story Work today for happier returns tomorrow BY LES O’DELL SBJ CORRESPONDENT
Jonathan Clark went into business for himself because he likes designing things. He’s adept at graphics, logos and websites. Dealing with taxes for his business, on the other hand, was something he neither enjoyed or felt comfortable handling. “Taxes aren’t straightforward,” the owner of Lumné, a Carbondale design and marketing firm, says. “They were a giant headache when I first started. When I began thinking about the things that businesses can struggle with, taxes immediately came to mind. I think it took about a week for me to realize that.” Clark is not the only Southern Illinois business leader thinking about taxes, and with the far-reaching revisions and changes being implemented as a result of both the American Taxpayer Relief Act of 2012 (legislation connected with the fiscal cliff) and the Patient Protection and Affordable Care Act (commonly known as Obamacare), there’s a lot to consider. The tax laws are affecting everything from hiring to pricing, as well as investing back into the business and saving for the future. Some of the changes are simple, but need to be addressed immediately, says Certified Public Accountant David Powless of Kemper CPA Group in Marion. “One of the things that is immediate is the payroll tax changes,” he says. “At the moment, we have the employee’s portion of Social Security being changed to 6.2 percent, up from 4.2 percent the last two years. This means there is an immediate need for employers to update their payroll programs and software to reflect that. The Internal Revenue Service also has released new tables for 2013 tax withholding that employers must be aware of.” Many of the tax code revisions and changes passed in recent weeks are just now rolling out, says Randy Atkinson, registered tax return preparer with Heartland Accounting of Mount Vernon. “The IRS is just now putting much of it out because they had to deal with all of the changes that came about at the
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Business owners and managers need to think about taxes at times other than just the first quarter of the year.
eleventh-and-a-half hour,” Atkinson says. “It put them in the position of having to change many forms, as well as software programs. As many as 80 percent of all Americans file electronically, so all of those changes have to be made and tested.” While tax rates have gone up, especially for top earners, Powless says the tax news for businesses is not all bad. “One of the things they did to stimulate the economy is to adjust firstyear expensing of business equipment expenses,” he explains. “What that means is when a new business is starting or a company is expanding, the first $500,000 spent on equipment can be written off as soon as the equipment is in service with certain limitations.” Powless adds that a 50 percent writeoff for depreciation has been extended through 2013, as has 15-year straightline depreciation for qualified
Find more business news at www.sbj.biz.
improvement property in some businesses. A research and development tax credit and the work opportunity tax credit also have been continued. “Those make for some happy choices for businesses,” he says. “It’s not all gloom and doom on the tax front. There are some things that are positive for business.” Experts caution that the specific tax credits and programs available vary from business to business and industry to industry. For that reason, they recommend all business filers seek out professional advice. “One of the benefits of having an accountant is access to information,” Atkinson says. “Having a tax adviser can help to head off potential tax issues
down the road.” He says business owners and managers need to think about taxes at times other than just the first quarter of the year. “It’s a good idea to do reviews in October, so we can see where things are and can make changes,” he says. “If a business learns then that they’ll probably owe $3,000 in taxes, they may appreciate the heads-up and they can plan for it or they can explore ways to reduce their tax liability.” Atkinson adds that if businesses do not analyze situations, owners could find out in February or March about an impending tax bill. “With just a few weeks to come up with the taxes, it can be a difficult time for some businesses,” he says. The impact of health care reform is already being felt in a number of ways, Powless adds. A 10 percent tax on indoor tanning recently went into effect, as did
FEBRUARY 2013
Experts caution that the specific tax credits and programs available vary from business to business and industry to industry. For that reason, they recommend all business filers seek out professional advice. a 2.3 percent excise tax on certain medical devices. Powless says, in most cases, these additional costs are being passed along to consumers. Additionally, high-wage earners face an increase in Medicare taxes, and businesses with more than 50 full-time employees will be required to provide insurance to workers. However, there are additional tax credits available to small businesses to offset the purchasing of insurance. “There are a lot of qualifying rules regarding that,� Powless cautions, urging business leaders to seek professional advice. Financial adviser John Forbes of Forbes Financial Group in Carbondale adds that business people need to analyze how new tax laws will affect their own income, as well as that of the business. “For most people, it could have a big impact,� he explains. “The new laws and tax rates for high-income earners are
SOUTHERN BUSINESS JOURNAL
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going to impact investment dividends and make the tax liabilities on those items higher.� Forbes says that having a tax-free income stream through investment vehicles, including some mutual funds or bonds, could be more valuable from a tax-planning standpoint. “When your income tax rate goes up a great deal, for example, the earnings from tax-free income can provide a higher net return. After all, it’s not what you make, it’s what you keep that counts,� he says. Powless says the highest earners — those with incomes of more than $450,000 for couples filing a joint return — now face a 39.6 percent tax rate. He says the top tax bracket filers will also pay a higher rate on long-term capital gains, and some will lose many of the itemized deductions and exemptions they have claimed in the past. For everyone, from the self-employed Clark to the presidents of large Southern Illinois companies, Powless says the key to happy (tax) returns is to get professional assistance, be flexible and plan for tax obligations. “Planning is key for this year and beyond,� he says. “Start asking questions now instead of later, and do whatever you can to put yourself in the proper place with all of this.� LES O’DELL of Carbondale is a frequent contributor to Southern Business Journal and The Southern Illinoisan.
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If you know someone who should be publicly recognized for helping make Southern Illinois a better place, now is the time to ensure that this person’s accomplishments are awarded. We are seeking nominees from the public for the “Leaders Among Us Class of 2013,� sponsored by Southern Business Journal and The Southern Illinoisan. Your nominees may be established, well-known leaders, or newer leaders who see our region as a special place for opportunity, prosperity and growth. This is your invitation to tell us about that special person. Perhaps he or she is essential for volunteer efforts offered through churches, community groups or schools? This person may also be an outstanding performer at work, but we’re looking for one who excels beyond his or her career. Each spring for the past nine years, we
have honored a group of people from across Southern Illinois – more than 100 outstanding people. It’s easy to help us get started in this search for leaders. Just look around your community and identify those folks who are leading and succeeding. Please email your nominations to gary.metro@thesouthern.com and include the person’s name, occupation, a description of his or her community work and a few sentences on why you believe this person deserves the honor. Please include your telephone number, too, in case we need more information. Please submit the information before Feb. 25. Those chosen for the Class of 2013 will be featured in a glossy, full-color magazine to be published in early May. Members of the Class of 2013 will be honored and given their awards at the Community Leaders’ Breakfast on May 9 at John A Logan College.
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SOUTHERN BUSINESS JOURNAL
FEBRUARY 2013
Workplace In the name of love Instituting a workplace dating policy BY ANGELA HOLMES-YOUNG SBJ CONTRIBUTOR
Does your organization have a policy that governs workplace dating? You say you don’t need one? You say that doesn’t happen where you work? You think that your organization is too Holmes-Young small to have problems in this area? No matter what, I would like to take a few minutes to explain why you may want to consider incorporating some workplace dating rules into your company culture. You do not have to forbid dating. I suggest just adding a few simple rules in the form of a policy for inclusion in your handbook. You do have one of those, don’t you? Who cares if employees date? It is inevitable, right? I am not suggesting that you get involved in who dates who or why or when. Our goal is just to add some preventative rules, so everyone knows in advance what is truly allowed. Why? Well, workplace dating can be detrimental to your morale if not handled correctly. You may think that most workplace romances are kept quiet, but that is almost never the case. Your employees know more than you think. In fact, your employees know more than you do. Workplace dating can also become a problem in terms of the perception of how workplace issues are handled. Policies regarding dating can save you considerable headaches and resources later. CareerBuilder does an office romance survey at the end of every calendar year. In November 2011, CareerBuilder surveyed 7,000 people, and here is a sample of the results: Thirty-eight percent of those polled admitted to dating a co-worker at least once; 17 percent said they had dated a co-worker at least twice in their career; and 28 percent of those who dated a co-worker admitted to dating someone above them
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Policies regarding dating can save you considerable headaches and resources later.
in the organizational hierarchy. Women were more likely than men to date someone of higher rank within the company. One in five admitted to dating his or her boss. Now for discussion of the fairly new trend — the office spouse. Do you have an office spouse? The office spouse is the person at work that you confide in. The role of the office spouse is to be there for you at work, thereby lessening the burden of the real spouse when you are not at work. This is a close and platonic, but sometimes very emotional, relationship. Let me clarify. The office spouse has no real relationship with the person outside of work, in theory. Experts blame this new American phenomenon on the fact that many Americans are working closely in team environments up to 60, 70 or 80 hours a week, which is probably more time than is spent with their actual spouse. So, in today’s workplace, you have actual relationships and the office spouse relationships to be wary of. Not only does the workplace romance affect the work environment, but think about what happens during and after the break-up. Post-relationship allegations of harassment are sometimes made, which may or may not be true. Coworkers are often expected to choose
sides. The workplace becomes a battle zone. People become caught up in the break-up, and little or no actual work gets done in the workplace. I have seen some people even go so far as to say that the relationship was not consensual and that they were made to date the other person as part of their job. You can see where this is going — right towards a huge sexual harassment claim, which will need immediate and serious investigation. Sometimes, office break-ups cause people to feel that they were not taken seriously or treated unfairly because of the workplace romance. Other times, people may feel that someone was promoted or transferred to a new and better position because of the individual that person was dating. That seems unfair to everyone else. It looks to be favoritism. All of these situations give a perception of things being unfair, which affects the organization’s overall credibility. Implications are made, and the perceptions of the company are formed, even though no one or very few people really know the truth. How can you avoid these headaches? Consider a policy that inserts rules into dating. A supervisor should not ever be allowed to date a subordinate, no matter what. I honestly cannot ever think of a
situation where that is a good idea. Consider adding “consensual relationship agreements” if this is really a problem. These are commonly called love contracts — agreements that employees can sign, stating that they both are in the relationship voluntarily. It further states that the relationship is consensual. They sign off that they are aware of the company’s policies on sexual harassment and workplace ethics. Honestly, these things do not exist so you can police the love lives of your staff. I do not recommend that. Instead, I suggest that you protect the morale of the organization. Keep in mind that every organization is different, and the following steps may not be needed for you at this time: l Set boundaries for dating in the workplace. l Do not allow supervisors to date subordinates. l Avoid the perception of harassment and favoritism or unfair acts. l Communicate the rules by announcing them and giving a written copy to all staff. l Immediately investigate complaints of harassment. l Remember that you cannot control what happens in an employee’s personal life; however, you can create and enforce workplace rules as long as they are fair and legal. If you have workplace relationships happening, don’t just look the other way. Don’t allow your organization to open itself up to behavior that may threaten morale and fairness. Protect your employees and the organization with a few simple rules. ANGELA HOLMES-YOUNG is vice president of consulting and human resource services for Your Professional Partners Inc. in Marion. She consults with clients of all sizes in a variety of human resource areas, while also offering executive coaching and public speaking. She can be reached at angela@yourprofessionalpartners.com, 618-969-8800 or Twitter: A_Holmes_Young.
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Investments Dividend growers may play key role in retirement portfolios BY MICHAEL P. TISON SBJ CONTRIBUTOR
Investors seeking long-term income for their retirement years have to be creative and careful these days. With the Federal Reserve holding interest rates down and pledging to keep them in the Tison basement until 2015, many traditional income sources simply aren’t generating much in the way of returns. As a result, investors have turned to other vehicles, including stocks with high-dividend yields. This has driven up the prices of high-dividend stocks, lowering their yields and sparking talk of a divided bubble. That may be overstating
matters, but it might be time to step back and think about the different ways retirees may be able to generate income from the equity portion of their portfolios. One approach, generally referred to as total return, attempts to grow the overall portfolio sufficiently to outpace inflation, with retirees periodically liquidating some of their holdings to meet expenses. However, as the volatility of the markets has demonstrated, this approach can sometimes lead investors to sell at inopportune moments. Another approach, which focuses on generating annual income sufficient to cover retirees’ ongoing expenses, is both difficult with interest rates low and inevitably leads to a portfolio laden with investments that may suffer when rates do rise again. Investors facing this dilemma may want to investigate another group of stocks, dividend growers, that hasn’t received the
Find more business news at www.sbj.biz. same attention as high-dividend stocks. Dividend growers could be very helpful in generating income over a long period, for example, a 20- or 25-year retirement. To understand why, consider a hypothetical example of two stocks — one paying a relatively high dividend of 5 percent and increasing it by 3 percent a year, and another paying 3 percent, but with a consistent history of increasing its dividend by 9 percent annually. Which is better for income-oriented investors? For the first few years, the answer is obvious. But, over a long period, the second stock will, all else being equal, be more rewarding. For example, it will take 24 years for the first stock to double its dividend, while the second stock will do it in just eight years.
Dividends central to overall growth In addition to a rising income stream, consistent dividend growers may provide protection against market volatility. Moreover, when we look at the performance of stocks over lengthy periods that include both economic contractions and expansions, dividends have played an impressive role. For example, over the past 20 years, dividends have accounted for about one-third of the total return of the S&P 500 index. When considering dividend stocks, either high-yield or dividend-growers, it’s important to remember that these payouts are not guaranteed. Companies can reduce or eliminate their dividends, and many did so in the recent recession. This makes thorough investigation a must. SEE INVESTMENTS / PAGE 9
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Elder Law Don’t fall off fiscal cliff when planning for second half of your life BY RICHARD HABIGER SBJ CONTRIBUTOR
Unless you live in a soundproof cocoon, with no TV or other electronic devices, you surely have heard something about the fiscal cliff, trumpeted with ever-increasing Habiger intensity about the impending doom our county faces if the deficit and debt are not reduced immediately and without regard to the sacred promises that we, as a people, have made to our retirees, our veterans, our frail elderly and disabled fellow citizens. If the long-term care insurance industry has its way, you or your loved one may soon fall off your own personal fiscal cliff. Industry lobbyists have been all over Congress liberally dispensing their largesse to friendly Congressmen for the last few months orchestrating a campaign to have the friendlies dismantle the social and medical safety nets currently available to eligible seniors, veterans and disabled persons through the federal Social Security, Medicare, Medicaid and VA programs. Granted, long-term care insurance makes a lot of sense, particularly when you understand certain facts. According to various reports, including the 2012 MetLife Market Survey of Nursing Home,
Assisted Living, Adult Day Services, and Home Care Costs: l For a couple turning 65, there is a 70 percent chance that one will need long-term care. Single persons are at a greater risk because they often have no one to help. l For persons older than 75, 65 percent already need long-term care. l By the time a person reaches 85, 97 percent need long-term care. l The average stay in a nursing home is three years. l The average cost of a semi-private room in a nursing home in Southern Illinois in 2012 was $152 per day (or $4,560 per month), while the cost of a private room could set you back more than $360 per day (or $10,800 per month). l The cost of assisted living in Southern Illinois in 2012 ranged from $2,675 per month to a high of $5,300 per month (or $63,600 per year). l In 2012, home health cost in Southern Illinois ranged from $17 to $28 per hour for home health aides, while the cost of homemaker services ranged from $16 per hour to a high of $25 per hour. l By 2018, a mere five years from now, a private room at a care facility will cost more than $500 per day (or $188,000 per year). Thus, if you can qualify medically and have sufficient income to afford longterm care insurance, by all means, buy it! Unfortunately, in my experience, most persons in Southern Illinois cannot afford the astronomically high cost of the
monthly premiums. Moreover, many persons wait until it is too late, often due to chronic, degenerative or progressive medical conditions they did not have at an earlier age. Consequently, for the vast majority of middle-income persons in southern Illinois, qualifying for governmental benefits to help pay for long-term care is, and undoubtedly will remain, a financial necessity for the 99 percent. That is why you need to understand what the long-term care insurance industry lobbyists are up to. They have persuaded friendly Congressmen to introduce a bill (HB 6300) that would require the state and federal governments to “reduce the number of middle-income individuals who rely on Medicaid to finance their long-term care needs by (forcing persons to purchase long-term care insurance policies).” Of course, premiums would not go down; in fact, premiums would likely go up — way up. Moreover, HB 6300 would ultimately bring about a reduction in Medicaid’s exemption from home equity liens from the current $500,000 to a low of $50,000 (thereby forcing many homeowners and farmers to sell their homesteads to pay for long-term care); increase the look-back period from five years to 10 years to become eligible for VA or Medicaid benefits to help pay for long-term care; and force states to become even more aggressive in their use of liens and other estate-recovery devices to recoup monies
paid for your or your loved one’s longterm care. What should you do to protect yourself for the rest of your life, particularly if statistical probabilities catch up with you and you eventually need long-term care? What can you do to protect your home and savings for your benefit throughout your remaining life, and, if anything is left at your death, for the benefit of your children and grandchildren, particularly if one is disabled? Every case is unique. There is no one answer for everyone. There is no cookiecutter, one-size-fits-all solution. The only way to know the answers to these and many other questions in your case is to consult with an elder care attorney — one who can work with you to set up a good plan to achieve your specific hopes and dreams for the second half of your life. That is why estate and long-term care planning should focus on your independence, dignity and quality of life throughout your remaining life, and only secondarily on when, how and to whom you pass on your remaining assets, while protecting those assets from the government. RICHARD HABIGER is author of the Illinois edition of “How to Protect Your Family’s Assets from Devastating Nursing Home Costs: Medicaid Secrets” and an elder law attorney who focuses on asset protection, Medicaid and VA benefits. He can be reached at 618-549-4529 or info@habigerelderlaw.com.
INVESTMENTS: Dividend growers may play key role in retirement portfolios FROM PAGE 7 Where should investors look for dividend growers? One place is Standard and Poor’s Dividend Aristocrats, an annually updated list of companies within the S&P 500 — companies that have increased their dividend payouts for at least 25 consecutive years. While no one knows what the markets will do in the future, these stocks historically have been kind to investors. For example the S&P 500 Dividend Aristocrats index has outperformed the S&P 500 index over the
one-, three-, five-, 10- and 20-year periods ending Aug. 31, 2012.
Considering inflation How do dividend growers perform during inflationary periods? Generally speaking, they have held up well, largely because of the strong relationship between dividend growth and pricing power — the ability of companies to maintain profit margins by passing along rising costs to their customers. What kinds of companies have pricing power? Again, speaking generally, either the
company or business they are in exhibits one or more of these characteristics: Dominant market share: Company is the leader in its industry. High barriers to entry: Companies wanting to enter the industry face significant obstacles. High switching costs: Company products and/or services cannot be easily replaced by a cheaper alternative. Desirability: Company produces something everyone wants or needs. Intangible assets: Company has protected its products with patents or has a strong, widely known brand.
The search for retirement income calls for balance. In this case, investors may want to construct the equity portions of their retirement portfolios with an allocation to growth stocks for total return, high-dividend stocks for current income and dividend growers for an income stream that may rise over time. MICHAEL P. TISON is an investment adviser and registered principal with Raymond James Financial Services Inc., with offices in Harrisburg and Marion. He can be reached at 618-253-4444 or michael.tison@ raymondjames.com.
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Retail sales for Southern Illinois cities City Anna Benton Carbondale Carterville Chester Du Quoin Harrisburg Herrin Jonesboro Marion Metropolis Mount Vernon Murphysboro Nashville Pinckneyville Red Bud Sparta Vienna West City West Frankfort REGION ILLINOIS
YTD Nov 2012
2011
2010
2009
2008
2007
104.1 76.6 502.9 35.8 48.3 105.7 186.5 139.1 10.9 560.1 71.0 451.5 116.3 106.5 35.3 68.5 109.4 35.2 78.9 61.2 $2,873.8 $139,139.1
119.1 86.4 593.5 42.0 55.7 113.5 214.0 154.0 11.4 686.9 84.4 533.6 135.2 110.3 42.3 74.7 128.2 40.1 88.3 122.5 $3,436.1 $154,650.6
120.9 69.5 598.0 42.2 55.3 77.1 195.0 153.4 11.8 683.1 82.0 507.0 130.6 96.6 38.5 75.2 128.5 39.9 87.8 112.4 $3,304.8 $147,232.0
114.5 69.4 565.5 39.9 52.9 100.8 191.9 147.2 12.5 676.0 77.1 476.7 129.1 107.9 37.2 70.1 126.4 37.1 91.9 111.4 $3,235.5 $139,593.2
113.3 71.4 587.7 40.1 51.5 91.9 179.3 135.9 12.4 673.4 75.9 482.8 117.1 101.8 39.0 77.7 130.5 40.5 89.6 111.2 $3,223.0 $237,438.0
112.3 72.4 607.4 40.3 51.7 94.4 173.6 134.4 11.3 662.4 79.8 461.5 94.9 105.2 35.8 73.7 129.5 39.8 82.8 111.4 $3,174.7 $180,162.7
R
N I L L I Chicago Fed Midwest % change 07-11 Manufacturing Index
p p q p p p p p p p p p p p p p q p p p p q
6.1% 19.3% 2.3% 4.2% 7.7% 20.2% 23.3% 15.6% 0.9% 3.7% 5.8% 15.6% 42.5% 4.8% 18.2% 1.4% 1.0% 0.8% 6.6% 10.0% 8.2% 14.2%
The CFMMI is a monthly estimate by major industry of manufacturing output in the Seventh Federal Reserve District states of Illinois, Indiana, Iowa, Michigan and Wisconsin. It is a composite index of 15 manufacturing industries, including auto and steel, that uses electrical power and hours worked data to measure monthly changes in regional activity. It is compared here to the national Industrial Production index for Manufacturing (IPMFG). Base year is 2007. Starting in November 2005, the index excluded the electricity component. 105 104 103 102
IPMFG Nov 12 95.7
100 98 94 90 88 86 84 82
SOURCE: LATEST STATISTICS AVAILABLE FROM THE ILLINOIS DEPARTMENT OF REVENUE. FIGURES ARE IN MILLIONS.
81 80
Unemployment rates for Southern Illinois counties, state and nation Alexander Franklin Gallatin Hamilton Hardin Jackson Jefferson Johnson Massac Perry Pope Pulaski Randolph Saline Union Washington White Williamson .,REGION ILLINOIS U.S.
Labor force
Jobless
Nov 2012
Oct 2012
Nov 2011
2,987 17,554 2,673 4,200 1,744 32,961 19,891 5,161 7,647 9,670 1,889 2,699 15,392 12,932 7,851 8,674 7,762 35,002 196,689 6,614,019 154,953,000
335 1,916 209 310 174 2,251 1,577 493 676 1,001 166 271 1,204 1,105 806 561 548 2,750 16,353 546,195 11,404,000
11.2% 10.9% 7.8% 7.4% 10.0% 6.8% 7.9% 9.6% 8.8% 10.4% 8.8% 10.0% 7.8% 8.5% 10.3% 6.5% 7.1% 7.9% 8.3% 8.3% 7.4%
11.5% 11.1% 8.1% 6.7% 10.7% 7.2% 8.2% 9.8% 9.1% 10.5% 9.3% 10.7% 7.7% 8.6% 10.1% 6.6% 7.2% 8.1% 9.0% 8.4% 7.5%
12.1% 10.8% 8.7% 8.0% 10.4% 7.3% 8.6% 9.3% 7.4% 10.3% 9.8% 10.2% 8.2% 8.8% 11.4% 7.2% 7.9% 8.4% 9.2% 9.2% 8.6%
SOURCE: ILLINOIS DEPARTMENT OF EMPLOYMENT SECURITY, U.S. DEPARTMENT OF LABOR. FIGURES ARE NOT SEASONALLY ADJUSTED.
Change month q q q p q q q q q q q q p q p q q q q q q
0.3 0.2 0.3 0.7 0.7 0.4 0.3 0.2 0.3 0.1 0.5 0.7 0.1 0.1 0.2 0.1 0.1 0.2 0.7 0.1 0.1
78
Change year q p q q q q q p p p q q q q q q q q q q q
76 74
CFMMI Nov 12
0.9 72 94.1 0.1 70 68 0.9 0.6 66 0.4 64A M J J A S O N D J F M A M J J A S O N ’11 ’12 0.5 0.7 SOURCE: FEDERAL RESERVE BANK OF CHICAGO 0.3 1.4 0.1 1.0 0.2 Nov 12 Nov 11 Change 0.4 0.3 MONTHLY TOTALS 1.1 912 877 p 4.0% 0.7 YTD TOTALS 0.8 0.5 9,331 8,770 p 6.4% 0.9 2011 2010 Change 0.9 ANNUAL TOTALS 1.2 9,682 7,478 p 29.5%
Williamson County Regional Airport passengers
N
O
I S I N Consumer credit score
D
Credit scores are numeric reflections of financial behavior and credit worthiness and they are based on information included in a credit report. Ranging from 330 to 830, a higher score means a lower credit risk. Scores are from December 2012.
I
Alexander Franklin Gallatin Hamilton Hardin Jackson Jefferson Johnson Massac Perry Pope Pulaski Randolph Saline Union Washington White Williamson REGION
11 71 16 17 5 119 69 30 24 44 8 5 99 77 37 49 52 161 894
15 99 19 22 9 107 104 23 22 34 7 24 79 90 41 44 61 179 979
T
693
Carbondale
Region
694
688
State
U. S.
O R S U of I Flash Index
Total cars, trucks sold based on title applications filed. Excludes motorcycles, trailers.
New vehicle sales Nov 11
A
686
SOURCE: EXPERIAN
Nov 12
C
q q q q q p q p p p p q p q q p q q q
Change
2011
26.7% 28.3% 15.8% 22.7% 44.4% 11.2% 33.7% 30.4% 9.1% 29.4% 14.3% 79.2% 25.3% 14.4% 9.8% 11.4% 9.9% 10.1% 8.7%
142 1,174 265 279 96 1,482 1,025 392 297 606 96 159 975 1,022 502 583 625 2,060 11,780
2010 126 965 222 236 97 1,320 848 327 269 558 73 129 844 793 486 446 571 1,796 10,097
p p p p q p p p p p p p p p p p p p p
Change 12.7% 21.7% 19.4% 20.8% 1.0% 12.3% 20.9% 19.9% 10.4% 8.6% 31.5% 23.2% 15.5% 28.9% 3.3% 30.7% 9.5% 14.7% 16.7%
Home sales 5 86 4 5 2 110 69 16 34 21 2 1 38 47 23 182 36,385
Dec 12 104.6
J
J
A
S
O
N
D
F
J
M
A
M
' 10
J
J
A
S
O
N
D
J
F
M
A
M
J
J
A
S
O
N D
' 12
' 11
SOURCE: INSTITUTE OF GOVERNMENT AND PUBLIC AFFAIRS, UNIVERSITY OF ILLINOIS
Hotel/motel stats
Consumer Price Index
Total amount of revenue generated in Carbondale by hotels and motels for room rentals only.
The CPI measures average price changes of goods and services over time, with a reference base of 100 in 1982-84.To put into context, a current CPI of 194.5 means a market basket of goods and services that cost $100 in 1982-84 now costs $194.50.
Aug 12 Aug 11 MONTHLY TOTALS
$775,485 q
$755,170
YTD TOTALS $5,308,365
Change 2.6%
232
230
$5,373,975 p
2011 ANNUAL TOTALS
2010
0.7%
228
226
Change
$7,710,436 q <0.01%
U.S. City Average Dec 12 229.6
224
222
220
218
Total units sold, including condominiums
Q3 12 Alexander Franklin Gallatin Hamilton Hardin Jackson Jefferson Johnson Massac Perry Pope Pulaski Randolph Saline Union Williamson ILLINOIS
108 107 106 105 104 103 102 101 100 99 98 97 96 95 94 93 92 91 90 89
$7,706,931
SOURCE: ILLINOIS SECRETARY OF STATE’S OFFICE. LATEST DATA AVAILABLE.
The Flash Index is an early indicator of the Illinois economy’s expected performance. It is a weighted average of growth rates in corporate earnings, consumer spending and personal income. An index above 100 indicates expected growth; an index below 100 indicates the economy is contracting.
Q3 11 4 71 5 0 6 108 88 20 25 21 5 2 28 40 31 174 29,787
SOURCE: ILLINOIS ASSOCIATION OF REALTORS
p p q
q p q q p
q q q p q p p
Change 25.0% 21.1% 20.0% NA 66.7% 1.9% 21.6% 20.0% 36.0% 0.0% 60.0% 50.0% 9.7% 17.5% 25.8% 4.6% 20.5%
2011 16 283 12 6 14 325 258 66 82 86 10 11 117 148 89 539 103,294
2010 19 259 8 8 8 358 264 78 91 116 8 6 131 122 84 590 103,455
q p p q p q q q q q q p q p p q q
Change
MEDIAN SALES PRICE Q3 12 Q3 11
216
Change
q 21.0% Midwest Urban p 68.7% Dec 12 219.0 p 29.8% q NA q 11.9% q 11.0% SOURCE: U.S. DEPARTMENT OF LABOR q 2.2% q 20.3% q 0.7% q 33.3% Average price per gallon of regular, unleaded gas q 62.0% as of January 30, 2013 and December 22, 2012. q 19.2% Jan 13 Dec 12 Jan 12 q 7.6% $3.45 $3.21 $3.59 q 14.7% Metro East p 7.1% Springfield $3.44 $3.14 $3.29 q 11.5% Illinois $3.55 $3.27 $3.47 $3.39 $3.24 $3.44 0.0% U.S. 214
15.8% 9.3% 50.0% 25.0% 75.0% 10.2% 2.3% 15.4% 9.9% 25.9% 20.0% 83.3% 10.7% 21.3 % 6.0% 8.6% 0.2%
$33,000 $64,950 $74,000 $79,500 $70,500 $91,450 $89,000 $79,500 $69,500 $55,000 $28,500 $53,500 $85,000 $55,000 $106,000 $101,750 $145,000
$41,750 $38,500 $57,000 $0 $80,000 $102,750 $91,000 $99,750 $70,000 $82,500 $75,000 $66,250 $92,000 $64,450 $99,000 $115,000 $145,000
212
210
208
D ’11
J
F
M
A
M
J ‘12
J
A
S
Prices at the pump
SOURCE: AAA
O
N
D
12
SOUTHERN BUSINESS JOURNAL
FEBRUARY 2013
Money Matters
Calendar
Creating your own pension plan Small-business owners taking a new look at old-school defined benefit plans
Feb. 11 and 12 Beginning Excel: 8:30 a.m. to 12:30 p.m., Room 338, Rend Lake MarketPlace, 327 Potomac Blvd. Mount Vernon. Fee is $40. To register, call 618-437-5321, ext. 1267 or 1714, or email to CommCorpEd@rlc.edu.
Feb. 13 BY SCOTT MCCLATCHEY SBJ CONTRIBUTOR
Contrary to popular belief, classic pension plans have not disappeared from the private sector. Corporations have mostly jettisoned them, but highly profitable small McClatchey businesses are giving them a second look, particularly family-owned professional services businesses. Why are small business owners deciding to adopt old-school, employer-funded retirement plans? The tax breaks may be substantial. In fact, if these plans are funded with insurance contracts, 100 percent of the plan contributions may be taxdeductible for a business. While an SEP (a defined contribution plan) permits a business owner to save thousands of dollars for retirement annually, that might still leave a huge chunk of his or her net income to be taxed at 33 or 35 percent (or 36 or 39.6 percent if the Bush-era tax cuts expire in 2013). There is no cap on how much you can save. An IRA, 401(k) and SEP all have annual contribution limits. Traditional employer-funded pension plans do not. Business owners have the potential to accumulate millions for the future through such a vehicle. For the record, the IRS does limit the yearly retirement income that a participant in a defined benefit plan may receive; in 2012, the pension benefit resulting from such a plan may not exceed $200,000, or 100 percent, of the participant’s average compensation across his or her three highest-paid consecutive years of service. If you are earning well into six figures and you are 45 or older, you may have entered the sweet spot when it comes to
If you are earning well into six figures and you are 45 or older, you may have entered the sweet spot when it comes to defined benefit plans. You will presumably be in your peak earning years, and yet you may need to accelerate retirement savings. defined benefit plans. You will presumably be in your peak earning years, and yet you may need to accelerate retirement savings. A defined benefit plan offers the possibility to do just that. What are the downsides? Cost and complexity. Actuaries have to be involved (and paid) when you have one of these plans. You need an actuary to perform regular and annual calculations and valuations to see that the plan is being properly funded. In addition, the pension benefits need to be insured through the federal government’s Pension Benefit Guaranty Corporation, and, in exchange for that service, the business must pay the PBGC annual premiums. An actuary must determine the annual employer contribution amount needed to fund the plan (typically adjusted yearly in light of investment performance) and the actuarial formula used to make contributions per worker. The business must fund the plan year in and year out, regardless of how well it is doing. This makes these plans nonstarters for many types of small businesses, including those businesses with more than a few non-family employees. Setup costs may be cheaper than you think, however. Certain financial services firms have made a niche of
Find more business news at www.sbj.biz. helping small businesses implement these pension programs. Instead of a 50-page plan agreement, a business may have to contend only with a plan document a tenth as long, or less. Getting a defined benefit plan up and running for under $5,000 (sometimes much less than that) is not unheard of these days. Could a family business adopt a traditional pension plan? A longestablished family business with a payroll made up of a few family members may find one of these plans highly attractive. The plan contributions can be large, and the benefits can go directly to family members and/or their spouses. What businesses are bad candidates for defined benefit plans? If you have a small business with more than several employees or if most of your employees are older or high-salaried, these plans may be a poor choice as the employer contributions could be very expensive (even if you opt for vesting). What businesses are good candidates? Accounting, consulting and medical practices are often good fits for these plans; seeing how many baby boomers have elected to continue working as consultants, you may see interest rising in them during the coming decade. SCOTT MCCLATCHEY is a certified financial planner with Alliance Investment Planning Group, a Carbondale investment firm at 115 S. Washington St. He can be reached at 618-519-9344 or scott@alliance investment planning.com. He also provides investment, retirement planning and insurance services to SIU Credit Union members through the SIU Credit Union Investment Services partnership. Securities offered through LPL Financial, member FINRA/SIPC.
Starting a Business in Illinois: 1 to 3 p.m., Room 150, DunnRichmond Economic Development Center, 1740 Innovation Drive, Carbondale. Free. An optional business start-up kit is available for $15. To register, call 618-536-2424, email sbdc@siu.edu or visit www.siusbdc.com.
Feb. 19 to April 23 Operation JumpStart — First Step: 6 to 9 p.m., Business & Industry Training Center, Shawnee Community College, 8364 Shawnee College Road, Ullin. Classes meet weekly for 10 weeks. A $25 enrollment fee includes all materials. Deadline to register is Feb. 14. To register, call 618-6343395.
Feb. 26 Farm Bureau seminar on crop insurance and motor vehicle law for Illinois farmers: 8 a.m. to 12:30 p.m., Rooms H 127 and 128, John A. Logan College, 700 Logan College Drive, Carterville. Free. To register, call 309557-3207 or email jharrison@ilfb.org.
Feb. 28 Starting a Business in Illinois: 1 to 4 p.m., Room 338, Rend Lake MarketPlace, 327 Potomac Blvd, Mount Vernon. Free. To register, call 618-242-5813 or email lemayn@rlc.edu.
March 5 and 7 Intermediate MS Excel: 8:30 a.m. to 12:30 p.m., Room 338, Rend Lake MarketPlace, 327 Potomac Blvd. Mount Vernon. Fee is $40. To register, call 618-437-5321, ext. 1267 or 1714, or email to CommCorpEd@rlc.edu.
March 6 Starting a Business in Illinois: 9 to 11 a.m., Randolph County Courthouse, 1 Taylor St., Chester. Free. An optional business start-up kit is available for $15. To register, call 618-536-2424, email sbdc@siu.edu or visit www.siusbdc.com.
14
SOUTHERN BUSINESS JOURNAL
FEBRUARY 2013
Achievements
Faces in the news
Beatty
Kirchner
Parten
Three partner with Eggemeyer Architects
Amazon Storage begins project
John Beatty of Cambria, Ed Kirchner of Murphysboro and Jackie Parten of Herrin have become partners and principals with Eggemeyer Associates Architects. Beatty and Kirchner have been named vice presidents, and Parten will serve as secretary/ treasurer. The Carbondale-based firm provides architectural services throughout Southern Illinois and has been in business since 1961.
Amazon Storage, LLC, the self-storage business, has started construction of a new 8,000-squarefoot building. The building is being constructed at the Harrisburg location at 3999 U.S. 45 North, between Muddy and Eldorado. The facility currently employs two people. The new building will have an additional 80 rental units. “We have just run out of space for new tenants,” said Wesley D. Lehman, owner of Amazon Storage. “If we are to serve current demand, we will need this building.”
Business relocates to Carbondale
Frey
Follett
Brandon
Sue Frey is relocating Frey Premium Tax Service from Energy to the Hunter Building at 300 E. Main St., Ste. 5, in Carbondale. Frey Premium Tax Service offers personal and business tax return preparation, as well as payroll and business services. Business hours are from 9 a.m. to 5 p.m. Monday through Friday and by appointment on evenings and weekends. Frey is accepting new clients. She can be reached at 618-457-1040 or 618-925-6204.
Follett joins child abuse prevention board Northcutt
McCuan
Gillard
Linton
Crain
Horn
Find more business news at www.sbj.biz. Donovan
Cain
Faces in the news Have you been promoted? Send a photo. Has a colleague at work completed an intensive continuing education program? Send a photo. Others in the business community will want to know it, so please consider passing on your employment news and photos to the Southern Business Journal. Feel free to email the information to sbj@thesouthern.com.
Britten Follett, an SIU alumna and athlete, has joined the Prevent Child Abuse Illinois Board of Directors, which is based in Springfield. A former television reporter, Follett investigated a child abuse death case, which uncovered corruption. She currently works as international marketing manager for Follett Corporation, her family’s long standing business, and she resides in Illinois. When Follett is not traveling for work, she is traveling across the country, educating the public about child abuse prevention. She presents on the topic, “Broken Bones … A Broken System.”
Eclipse now offering Internet service Eclipse Connections, a new business based in Johnston City, is now providing Exede highspeed Internet to the rural areas of Southern Illinois. Exede Internet offers speeds up to 12 Mbps downstream and up to three Mbps upstream. “As a local dealer, we are excited to be the retailer in the Southern Illinois area to provide this superfast, high-speed Internet to the many rural customers who haven’t had high-speed Internet before,” Katherine Groves, owner of Eclipse Connections, said. Groves can be reached at 618-983-4800.
Kampwerth, Ashe elected SIBA directors Kent Kampwerth with River City Construction, LLC in Benton and Steve Ashe with E.T. Simonds Construction Company in Carbondale have been elected three-year directors of Southern Illinois Builders Association.
Strack relocating practice to Anna Karen Strack, D.O. is relocating her practice. Beginning Feb. 5, Strack will be working with the Rural Health, Inc. team at 513 N. Main St., in Anna.
Horstmann joins C&A Wealth Management Financial advisor Joseph B. Horstmann has joined local financial services firm C&A Wealth Management. Horstmann brings more than five years of financial services experience to C&A Wealth Management. He resides in Highland. He can be reached at 618-339-4054 or joe.horstmann@ lpl.com
St. Joseph receives national award St. Joseph Memorial Hospital is one of only five hospitals in the country to receive Best Place to Practice honors from Press Ganey Associates Inc. It is the second such national recognition in as many years for the Murphysboro hospital. The Best Place to Practice Award is reserved for hospitals that have reached and sustained the 95th percentile on their physician partnership surveys. High partnership scores indicate physicians are strongly aligned with the hospital’s goals of delivering efficient, effective care. According to Southern Illinois Healthcare President and CEO Rex Budde, the award represents an important recognition of St. Joseph’s efforts by an industry leader. Budde credited hospital leadership for the national accolades.
Promotions announced at Aisin Aisin Electronics Illinois, LLC in Marion recently announced promotions to support continued business growth and introduction of new products. Chris Miller has been promoted to section manager for manufacturing. Jennifer Porter has been promoted to assistant manager of human resources. Jennifer Johnson has been promoted to assistant manager of finance. Geoffrey Stock has been promoted to assistant manager of production engineering. Steve Szczeblewski has been promoted to assistant manager of logistics.
SOUTHERN BUSINESS JOURNAL
15
Achievements Brandon to lead expansion
Lewis, Martin join chamber board
Bracy Insurance, an 86-year-old property and casualty insurance provider, recently announced that Doug Brandon will lead the agency’s insurance expansion. Brandon is a longtime Williamson County business owner and nationally recognized artist. Bracy Insurance was founded in Herrin by Floyd P. Bracy in 1927 and has been in uninterrupted operation by the Bracy family ever since, with Debbie Bracy as the current owner. The business is at 608 S. Park Ave. in Herrin.
Melissa Lewis (MidCountry Bank) and TJ Martin (TJ’s Fine Jewelry and The Blue
Northcutt awarded certification NovaCare Rehabilitation athletic trainer Justin Northcutt has become a certified strength and conditioning specialist. The certification is awarded by the National Strength and Conditioning Association. The head athletic trainer for Johnston City High School and Morthland College, Northcutt also provides athletic training services at NovaCare Rehabilitation’s outpatient center at 502 W. St. Louis St. in West Frankfort. NovaCare Rehabilitation is one of the nation’s largest providers of outpatient physical therapy.
True Value store opens in Carmi Gillard’s True Value store opened Nov. 2 at 1678 Falcon Ave. in Carmi. Owners are Jeff Gillard and his wife, Melissa. The new store covers 15,169 square feet and offers about 24,000 True Value products. It is called a Destination True Value because of its unique layout.
Crain named rep Matt Crain has been named a financial representative for Country Financial and is serving clients from his office at 120 N. Park Ave. in Herrin. He earned a bachelor’s degree in education in 1995 from Oral Roberts University in Tulsa, Okla. Crain, who resides in Carterville, recently completed the organization’s training and can provide clients with auto, home, life and long-term care insurance, annuities, mutual funds and college education funding options. He also can offer investment management, retirement planning and trust services.
Martin) have been selected to fill two vacant seats on Carbondale Chamber of Commerce Board of Directors . These two individuals join the following board members to comprise to 2013 board: Todd Darnstaedt, president (Today’s Technology Auto Repair); Chan San, past president (Hunan); Ronda Gaertner, treasurer (Payne, Gaertner & Associates); Kevin Baity (city of Carbondale); Dr. Rita Cheng (SIU); Jeff Doherty (Jackson Growth Alliance); Angela Povolish (FMGR); Bob Williams (The Southern Illinoisan); Jason Thomas (Thomas Publishing); Brad Weiss (Furniture King); Steve Falat (River Radio); Daniel Booth (CCHS); Mike Henry (Henry Printing); and Marcia Sinnott (Five Star Realty).
Pepsi donates to Children’s Miracle Network Pepsi MidAmerica, a privately owned Pepsi bottler and distributor, in partnership with local Walmarts, has donated $10,455 to the Children’s Miracle Network. Together, the two companies created a program to donate money for every case of select packages of Pepsi sold for a limited time. Partnering with Pepsi MidAmerica were Walmarts in the Illinois towns of Marion, Harrisburg, Carbondale, Anna, Du Quoin, Sparta, Benton, Murphysboro, Mount Vernon, Centralia, Vandalia, Robinson, Marshall, Olney, Effingham, Lawrenceville, Charleston, Shelbyville, Mattoon, Salem and Carlyle, as well as towns in Missouri, Kentucky, Tennessee and Arkansas.
Winter wheat forum set The Illinois Wheat Association’s annual winter wheat forum will be from 9 a.m. to 3 p.m. Feb. 11 at Krieger’s/Holiday Inn Convention Center in Mount Vernon. Registration begins at 8 a.m., and lunch is provided. Illinois Wheat Association members may register for the conference on site for $15 per person; the general public may attend for $30 per person. For more information or to register, call 309-557-3662 or visit www.illinois wheat.org.
SEE ACHIEVEMENTS / PAGE 19
FEBRUARY 2013
SOUTHERN BUSINESS JOURNAL
17
Business Fine Print Building permits Carbondale Shawnee Health Ser vices, 402 S. Lewis Lane, $1,001,900 Dr. Makhdoom, 1100 Diann Lane, $300,000 Ambassador Hall, 600 W. Freeman St., $50,000 Walnut Creek, 1195 E. Walnut St., $2,500 Walnut Creek, 1195 E. Walnut St., $2,500 Walnut Creek, 1195 E. Walnut St., $2,500 Walnut Creek, 1195 E. Walnut St., $2,500 Walnut Creek, 1195 E. Walnut St., $2,500 Walnut Creek, 1195 E. Walnut St., $2,500 Walnut Creek, 1195 E. Walnut St., $2,500 Walnut Creek, 1195 E. Walnut St., $2,500 Walnut Creek, 1195 E. Walnut St., $2,500 Walnut Creek, 1195 E. Walnut St., $2,500 Walnut Creek, 1195 E. Walnut St., $2,500 Walnut Creek, 1195 E. Walnut St., $2,500 Walnut Creek, 1195 E. Walnut St., $2,500 Richard Sullivan, 213 S. Emerald Lane, $1,200 Matthew Foles, 409 S. Logan St., $60,000 Puka Preschool, 307 S. Graham Ave., $94,000 Longbranch Coffeehouse, 100 E. Jackson St., $10,000 Dayemi Institute, 516 N. Springer St., $600
Herrin Frank and Vickie King, 101 Chittyville Road, $72,000 Donald Samples, 112 N. 33rd St., $8,000
Marion Golden Eagle Distributing, 2713 Merchant, $412,917 Deanna Battaglia, 103 Lingale Ave., $8,000 Ruth Rideout, 211 Red Row, $10,000 David Moore, 1109 W. White, $25,000
Metropolis Bonnie Grace, 26 James Drive, $20,700
Murphysboro Ray Hale, 1914 Kennedy St., $1,630
Bankruptcies Chapter 7 Haley B. Starr, 200 Forest St., Anna Barbara A. Allsopp, 1421 Shawnee Drive, Apt. A, Marion Brecca Wyant, 9334 Park Street Road, Benton Thomas Leroy and Anita Ruth Roeder, 912 Southwest Seventh St., Fairfield
Robert A. and Bethany R. Pleasant, 1904 Division St., Murphysboro Larr y Franklin Klink, 57 Pepper Road, Murphysboro Chianne R. Stewart, 110 Maple St., Zeigler Edward L. and Judith V. Hamilton, 8933 Old Illinois 14, Du Quoin Ricky D. Grant, 14585 Followell Drive, Marion Timothy A. and Kim M. Reeder, 602 E. Fifth St., West Frankfort Sondra J. Garrett, P.O. Box 73, Joppa Joann Marie James, 302 N. Oakland Ave., Carbondale Brian Anthony and Amy Suzanne Schandl, 709 S. Walnut, Pinckneyville Steven Lee and Matthew M. Bratten, 7 E. Franklin St., Du Quoin Dale E. and Paula J. Smelcer, 11277 Husband Road, Marion David A. Rider Jr., 1111 County Road 1625 North, Carmi Sharon K. Green, 702 S. Van Buren St., West Frankfort Betty M. Long, 119 S. McKinley, Royalton Randall R. and Angela C. Roy Jr., 17570 N. Tolle Lane, Mount Vernon Matthew Thomas and Miriam Del Carman Seaman, 6075 E. Flyers Drive, Woodlawn Charles Edward Suiter Jr., 813 W. Fourth St., Bluford Andrea K. and Travis L. Bliffen, 1411 Burgess Ave., Johnston City Fred and Deanie Sherman, 718 W. Fourth St., Mount Carmel Richard Wesley Krallman, 11 Kaskaskia St., Ruma Timothy R. and Amanda L. Knight, 629 S. Church St., Carmi Christina Renee Unthank, 720 Karns St., Eldorado Karen D. Coulter, 2 C Lane, Herrin Connie S. Conner, 407 N. Main St., Zeigler Wendell D. Smith, 405 W. Sylvester Ave. Christopher Karen M. Smith, 405 W. Sylvester Ave., Christopher Charlotte Lea King, 23801 Akin Blacktop, Macedonia Jeffery L. and Angela K. Milligan, 6100 Mount Moriah Road, Harrisburg Andy D. Volner, 609 E. Second St., Buckner Conchetta B. Nausely, 288 Bowlby Road, De Soto Kevin L. Ross, 2001 Terrace, Apt. 3, Carbondale
Find more business news at www.sbj.biz. Arthur E. Burke, P.O. Box 71, Grand Tower Keith A. and Mary K. Miner, 509 Candy Lane, Marion Jana L. Perrier, 6074 Percival Lane, Marion Joe Dale Jackson, R.R. 5 Box 91, McLeansboro Rhonda G. Mitchell, Rt. 1 Box 95, Cave-In-Rock Dallas Mitchell and Andrea Sue Chaney, 2065 McCloud Loop, Anna Anthony J. Futia, 2760 Dogwood Road, Carbondale Brian E. Rowark, P.O. Box 233, Wayne City Amber N. Jennings, 117 Evergreen, Ina William E. and Deborah D. Blankenship Jr., 8494 Old Illinois 13, Marion Billie Louise Throgmor ton, 812 Fairfield Road, Mount Vernon Beverly A. Moore, 1201 S. 24th St., Mount Vernon
Melissa M. Gardner, 788 County Road 050, Wayne City Ramon and Karen M. Rosario Jr., 506 E. Webster St., Herrin Dawn L. Money, Rt. 1 Box 177, Broughton Mark E. Valleroy Sr., 701 Mulberr y St., Evansville Lori A. Valleroy, 701 Mulberr y St., Evansville Lloyd Eric Kaufman, P.O. Box 25, Olive Branch
Chapter 13 James E. and Rose G. Hill, P.O. Box 528, De Soto Charles L. and Gayla P. Reid, 2627 Watson Lane, Salem Jeffrey C. and Christine E. Ledendecker, 205 E. Second St., Sparta Aaron and Shirley A. Stricklin, 410 W. Mable St., Harrisburg James W. Helm, 2031 Gartside, Murphysboro SEE FINE PRINT / PAGE 18
EXP 2-28-13
Roth IRA: To convert, FINE PRINT or not to convert? Roth Roth IRA: IRA: 18
SOUTHERN BUSINESS JOURNAL
FEBRUARY 2013
Charles Frank Siefert Sr., 332 E. Olive St., Du Quoin Francisco and Julie Marie Rebolledo, 214 N. FROM PAGE 17 Main St., Zeigler Candace Marie Hudson, 22467 Turkey Bend Michael S. Renshaw, 487 County Road 800 East, Norris City Road, Du Bois Daniel E. and Michelle L. Br ymer, 1209 Mar y D. Henderson, 906 S. State St., Christopher Monroe Ave., Johnston City Timothy R. and Joy Griffith, 13477 Ruemler Debra D. Kretz, 201 S. Victor St., Christopher Crossing Kearney, Benton question. Donnie R. and Bonnie K. Johnson, 286 Old Orlandis A. Dais, P.O. Box 735, CairoThat is the With the recent tax law changes, more people can take advantage of a Roth IRA. Villa Ridge Road, Mounds Steven R. and Amanda D. Helms, 661 Price Let us help you decide. Like a good neighbor, State Farm is there. Jennifer Road, Olmsted TODAY. L. Sullens, P.O. Box 205, Patoka CONTACT AN AGENT
ToTo convert, convert, or or notnot to to convert? convert?
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Ralph Wagner, 108 E. Lewis St., Murphysboro Gaye Lynn Morris, 1303 E. Ninth St., West Frankfort Wilma L. Palmer, 0220 S. Chestnut St., Dongola William G. Naas II, 9045 Shawnee Hill Road, Shawneetown Charles Edward Pritchett Jr., 601 N. Seventh St., Mount Vernon Richard A. and Christie L. Willoughby, 330 Cherry St., Omaha Vurtis R. and JoAnn Hall, 304 Washington St., West Frankfort Keith Allen and Elizabeth Renee Howell, 617 Walnut St., Grayville Kevin B. Edwards, 307 S. Second, Mount Vernon Vicki J. Fox, 927 Barnett St., Apt. 11F, Harrisburg Sharon S. Chapman, 207 E. Lewis St., Anna Roger K. and Deborah A. Swan, 208 Maple St., Zeigler Sherr y D. Batts, 17019 Illinois 149, West Frankfort Monica K. Eckles, 410 W. Water St., Pinckneyville Brenda K. Childers, 507 S. 23rd St., Herrin
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FEBRUARY 2013
SOUTHERN BUSINESS JOURNAL
19
Achievements Boblett named CEO Gary Boblett has been hired as president and CEO of SouthernTrust Bank. Boblett, who resides in Marion, has more than 30 years of community banking experience. SouthernTrust Bank was founded in 2005 and operates full-service banking facilities in Goreville, Vienna and Lake of Egypt.
their roofing businesses. Mulvaney is one McCuan began working at Herrin of 61 Conklin contractors who earned the Security Bank in 1983. She started her master contractor title for 2013 and a trip to banking career as a customer service Marco Island, Fla. representative. In 2003, McCuan was promoted to assistant cashier, and, in 2007, she was Millenbine hired as adviser assigned to the position of HR, along with Tim Millenbine recently was hired as a other administrative duties. She and her financial adviser for the Benton branch of husband, Pat, live in Herrin. the financial services firm Edward Jones.
Legence Bank to purchase ONB branches
The Benton branch is at 112 N. Du Quoin St. Edward Jones provides financial services for individual investors in the U.S. and, through its affiliate, in Canada.
Legence Bank in Eldorado has received FDIC approval to purchase Old National Bank branches in Shawneetown and Vienna. The transaction is expected to be effective Feb. 22, with the two branches opening as Legence Bank on Feb. 25, subject to customary closing conditions. The Shawneetown branch is at 301 N. Lincoln Blvd. West, and the Vienna branch is at 301 E. Vine St.
Dealership under new ownership Ward Hyundai in Cape Girardeau has been acquired by Michael W. Absher and Cheryl Absher of Marion. The business name has been changed to Hyundai of Cape Girardeau. The Abshers also own and operate Marion Ford Hyundai, Bluegrass Honda/ BMW in Paducah and, in part, Marion Chevrolet Buick GMC, Mercedes-Benz of Marion and Madisonville Ford Nissan in Kentucky.
JCBA elects president Members of Jefferson County Bar Association elected attorney Josh A. Humbrecht as the association’s president on Nov. 1. The first day of his one-year term was Jan. 1. Humbrecht is an associate of Hassakis & Hassakis, P.C., which is based in Mount Vernon. He is a trial attorney who represents victims throughout Southern Illinois and adjacent areas.
Farms joins angus association Froemling Farms in Campbell Hill is a new member of American Angus Association. The association records ancestral information, keeps production records on individual animals and develops industryleading selection tools for its active adult and junior members, which number in excess of 25,000.
Third generation joins company
Aisin announces promotions
Scott Holcomb recently joined Holcomb Foundation Engineering Company in Carbondale as a civil engineer. He graduated in December from Missouri University of Science and Technology. Holcomb Foundation Engineering Company is a regional geotechnical and materials testing firm. Scott Holcomb is a third generation engineer joining a business started by his grandfather, Lester, and operated by his father, Tim.
Aisin Manufacturing Illinois, LLC in Marion has announced the following promotions: l Jim Pulley, assistant department manager, manufacturing. l Kendall Hankins, section manager, manufacturing engineering. l Josh Little, section manager, cost. l Ron Dunbar, assistant manager, manufacturing engineering/handle products. Aisin Mfg. Illinois, LLC in REDCO Industrial Park manufactures sunroofs and door components for automotive manufacturers.
Mulvaney designated contractor Conklin Company has named Jeff Mulvaney of Murphysboro as a 2013 master contractor. This is the second year that Mulvaney has held this title. Conklin Company’s master contractor program recognizes Conklin roofing contractors who have met milestones in
McCuan retires After 30 years of service at Herrin Security Bank, Carole McCuan has retired. Her last day was Dec. 28.
Linton joins Marion Subaru/Mitsubishi Doug Linton has joined the sales and leasing department at Marion Subaru/ Mitsubishi automobile dealership. Linton is a 33-year veteran of the automobile business in Southern Illinois.
Horn joins Western Baptist staff
Donovan serves Williamson, Jackson and Johnson counties exclusively.
Cain named top sales associate Wanda Cain, a broker with Coldwell Banker J. David Thompson, has been named the top sales associate for the third quarter of 2012 in total listing units, and No. 6 in Illinois. Her office is at 104 S. Carbon St. in Marion. Cain has been through many market cycles in the last 25 years and continues to grow her business by adapting to the changes in the local market, counseling sellers on the current trends and helping buyers navigate the detailed buying process.
Local business changes name
Hospitalist Frances Horn, D.O., recently joined the medical staff at Western Baptist Hospital in Paducah. Dr. Horn has practiced since 1999 at the Jane Phillips Medical Center in Bartlesville, Okla., serving as chief of staff. Western Baptist’s hospitalist program began in 2009. A team of hospitalists cares for hospitalized patients whose physicians are not on the hospital staff. The hospitalist returns their care to their primary care physician after they leave the hospital.
The Gary Misselhorn Insurance Agency has changed its name to coincide with a new agent, Clint Misselhorn, joining the business. The agency is now called Misselhorn Insurance Agency, LLC. Clint, the son of longtime agent Gary Misselhorn, has spent the last eight years as a weatherman on WSIL TV 3. Based in Campbell Hill, Misselhorn Insurance Agency, LLC sells home, auto, farm, business, flood, liability and crop hail insurance throughout Southern Illinois.
Hassakis receives award
Safety award received
Mark D. Hassakis, a Mount Vernonbased trial attorney who represents injured victims throughout Southern Illinois and the adjacent areas, has been presented the Distinguished Service to Law and Society Award. The Illinois Bar Foundation, the charitable arm of the Illinois State Bar Association, presented Hassakis with the award during the Illinois State Bar Association/Illinois Judges’ Association joint mid-year meeting recently in Chicago.
Kiefer Brothers Construction of Mount Carmel has been presented an award in honor of its outstanding safety performance during the 2012 construction season. The award was presented recently in Springfield during the 106th annual convention and business meeting of the Associated General Contractors of Illinois. Kiefer Brothers Construction had the best record in the 20,000 to 49,999 work hours. The company has won a safety award three times during the last five years.
Donovan certified as e-PRO agent
Family practice hosts re-opening
Shawnna Donovan of Marion recently was certified as an e-PRO agent by the National Association of Realtors. With this certification, Donovan, a local realtor and licensed broker associate with United Country Exodus Realty, is identified as an agent who provides the most up-to-date and sophisticated service with the latest technology, as well as being well versed in social media and networking.
SIMCA Family Practice in West Frankfort hosted a grand re-opening patient appreciation holiday open house in December. The walk-in clinic is at 406 W. St. Louis St. While Family Nurse Practitioner Julie Adkins and her health care team have been serving the community for more than 10 years, the name on the building recently changed.