Buchanan Realty Group CLICK HERE located in Hamilton Hills Shopping Center, 621 Old Hickory Blvd., sponsors Strictly Business, a weekly column that takes a look at a few of this week’s business highlights.
The Buchanan Realty Group – (731) 300-3071 – provides commercial real estate services throughout Tennessee. The group specializes in leasing, tenant representation, investment sales and acquisition – concentrating on retail, hospitality, c-store, medical, industrial and multi-family sectors.
FY 2021 Budget one of three resolutions passed by JEA Board
The Jackson Energy Authority Board of Directors approved a resolution adopting fiscal year 2021 budgets during their monthly meeting at the Tennergy Center, Thursday.
The Board was presented with the FY 2021 Budgets and the 2021-2025 Five-Year Plans for each of JEA’s five divisions.
Highlights of the proposed fiscal year 2021 budgets include –
Combined sales revenue is projected to be $234.1 million
Capital expenditures are projected to be $32.9 million
Operating & Maintenance expenditures are projected to be $56.1 million
Net income after contributions is projected to be $18.8 million
No division is projecting a base rate increase. Telecom is projecting an 11.7% pass-through rate action for Cable only due to retransmission costs from broadcasters
No new bond issues are anticipated in FY 2021. The Water and Wastewater Divisions project borrowing $2.3 million from the State Revolving Fund Loans.
In addition, the Wastewater Division will receive $6.9 million in federal grant funds and principal forgiveness.
Coin shortage not causing area banks and businesses to pinch pennies
While it appears the COVID-19 pandemic has caused a nationwide shortage of coins, it’s something that hasn’t exactly hit West Tennessee – yet.
“There were a few weeks that the fed limited your coin shipments, so we did limit … we tried to ration our coins to our customers,” Monte Jones said, “But they really never came up short with their orders, and now the fed is allowing us to order what we need.”
Monte Jones is the community president of Commercial Bank & Trust Company in Jackson.
“There are plenty of coins, but, I think generally, across the U.S., there is concern about coins, and I think people – if they would bring their coins into the bank – let us count the coins and get them back into circulation.
“But I do think the new coins … that’s picked back up, and that has helped the situation, too.”
Jeff Lewis – community market president, at FirstBank in Lexington, is not seeing a rush on coins, but precautions are in place.
“We’re not in a big pinch, so far, but the word is out there that things could get worse,” Lewis said, “We are encouraging our customers to use their debit cards when possible … that will help alleviate the shortage of change.”
Lewis said merchants are asked not to take any more change than necessary.
“We are getting shipments of change, right now, but it’s the word that’s gotten out, and some people are panicking – overreacting – because there’s not necessarily a shortage.”
The concensus is businesses that primarily take coins – laundromats, vending machines and car washes – slowed or shutdown since the pandemic began.
For some banks, there is a surplus of coins. FOR COMPLETE STORY CLICK HERE
Unemployment rates for West TN counties
PERSONNEL PLACEMENTS, LLC, 621 Old Hickory Blvd., is a full service, competent, and professional staffing agency that handles the needs of Fortune 500 companies as well as local small businesses – for more information, call (731) 668-5056.
Benton County 9.7 percent
Carroll County 9.2
Chester County 7.4
Crockett County 6.8
Decatur County 10.3
Dyer County 9.9
Fayette County 8.6
Gibson County 8.8
Hardeman County 9.5
Hardin County 8.5
Haywood County 11.8
Henderson County 10.6
Henry County 8.9
Lake County 9.5
Lauderdale County 11.6
Madison County 10.0
McNairy County
Obion County 10.1
Tipton County 8.0
Weakley County 7.8
Tropical Smoothie Cafe opens in Thomsen Farms, Wednesday
Tropical Smoothie Cafe, 1280 University Drive is scheduled to open July 29.
Located in Thomsen Farms, next door to West Tennessee Bank, Tropical Smoothie Cafe will have seating for 45 customers.
Ownen and managed by Jaymik Patel, the Cafe – which has more than 900 locations nationwide – will occupy 1,800-square-feet, and have a drive thru.
Business hours will be 7 a.m. to 9 p.m., Monday through Friday; 8 a.m. to 9 p.m., Saturdays, and 9 a.m. to 9 p.m., Sundays.
With corporate offices in Atlanta, Tropical Smoothie Cafe is a casual health-conscious chain cafe featuring custom smoothies, sandwiches & wraps.
FOR MORE LOCAL BUSINESS CLICK HERE
(Buchanan Realty Group CLICK HERE sponsors Strictly Business)
David Thomas, Twitter – @DavidThomasWNWS
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