February Denton Business Chronicle 2018

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DENTON

February 2018

Business

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Stephanie Davis, left, and Lillian Williams are working to open Q’s, a 24-hour downtown cafe that would fill the void left in Denton’s gay community by last year’s closing of Mable Peabody’s Beauty Parlor & Chainsaw Repair.

Planned cafe looks to fill void left by closing of Denton’s only gay bar By Dalton LaFerney

For the Denton Record-Chronicle

new cafe catering to the local LGBTQ community plans to open this spring in downtown Denton.

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Lillian Williams, 36, and Stephanie Davis, 30, the cofounders of Q’s and alumnae of the University of North Texas and Texas Woman’s University, respectively, are developing what they hope will add a unique spin on gay bars and gay culture in North Texas. Davis said food will be sold 24 hours a day, joining Dix Coney Island as the only restaurants around the Square to be open around the clock most of the week. There will be a regular menu, but certain days will have featured options — like breakfast tacos on the weekends and fair-style food late at night, when the drinking crowds are finishing up downtown. Davis, who managed an IHOP and an Applebee’s in Denton and is a bartender at Sue Ellen’s in Dallas, said the cafe ought to be “a good sober-up spot.” Traditional gay bar activities, like drag shows and “queerlesque,” will have a home at Q’s, and it will have comedy nights and after-hours poetry slams that will give customers things to enjoy other than drinking. The co-founders want it to provide a forum where people in and outside the LGBTQ community can mingle with drag CAFE | CONTINUED ON PAGE 6

How Olympians pinched their pennies By Teddy Nykiel | NerdWallet

By Peggy Heinkel-Wolfe | Staff Writer Spec’s Wine, Spirits and Finer Foods opened at 2315 Colorado Blvd. on Feb. 2. The owners, John and Lindy Rydman, met at the University of North Texas and have been big supporters of the school’s jazz program

and student scholarships. The grand opening was Feb. 10 and included a set by members of the One O’clock Lab Band. Hanabi Ramen held a soft opening Feb. 15 at its Denton location on UPDATE | CONTINUED ON PAGE 4

We’re used to hearing stories of triumphant Olympians overcoming all odds to achieve their dreams. But for many, staying afloat financially is a lesser-known hurdle as they ski, skate, jump, flip and twirl their way to gold. NerdWallet talked to athletes competing in the 2018 Games in Pyeongchang, South Korea — and one former Olympian — about all things money: how they make ends meet; the financial products they use; and their money stressors, challenges and sacrifices.

Stacey Cook, Alpine skiing

Age: 33 Hometown: Mammoth Lakes, California OLYMPICS | CONTINUED ON PAGE 5

Sean M. Haffey/Getty Images

Stacey Cook of the United States makes a run during Alpine skiing downhill training at the Winter Olympics on Monday in Pyeongchang, South Korea.


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Enterprising Voices

Do these things when forming contract W

hat must happen to form a contract? Like the NFL’s catch rule, it’s not always clear. Most of us enter into contracts on a regular basis. We buy and sell goods and services; we make promises in exchange for things we want. This article addresses some of the fundamentals associated with forming a binding contract. Generally, to create a contract, one party must make an offer to another party, the other party must accept that offer, and something of value or perceived value must be exchanged. That something is called consideration. The offer may be for a good, service or promise, etc. The offer must be reasonably certain. For example, John offers to sell Larry his horse, Hurricane, for $70,000. Unless John owns multiple horses named Hurricane, that statement is probably a sufficient offer. If John had not named a price, his offer would not be certain. Offers may be revoked before they are accepted. An offer will lapse if it is not accepted in the stated time or a reasonable time. A reasonable amount of time to accept an

Ryan WEBSTER | COMMENTARY

offer is dictated by the surrounding circumstances. A reasonable time to accept an offer to buy a perishable item is likely shorter than an offer for nonperishables. The next step to forming a contract is accepting the offer. Acceptance must be communicated to the person who made the offer (or his agent), and acceptance must be clear and definite. So, if Larry tells Bob (who is not John’s agent) that he accepts John’s offer, has Larry actually accepted? No. Larry’s statement was not made to John. If Larry says to John, “I think I’d like to buy your horse,” Larry has expressed a desire to buy Hurricane but not a clear and definite acceptance of John’s offer. Communicating acceptance, however, does not necessarily require a

Chamber aims to aid members and nonmembers alike D

uring this chamber year, we at the Denton Chamber of Commerce have collected in excess of $100,000 for events that support specific program initiatives. This is over and above annual membership investment pledges that fund day-to-day general operations. Membership and event sponsorships are discretionary; neither is required. There are no penalties for not being a member of the chamber, and we can’t place liens or repossess property for nonpayment of voluntary pledges. The chamber’s primary commitment is to promote and advocate the local business community as a whole. The “rising tide lifts all ships” aphorism, although simplistic, is ultimately what we’re about. Most of our events and projects are not designed to be fundraisers. While a prosperous and expanding economy is conducive to the success of our local businesses, I think it is important to understand that of the $100,000 in sponsorship and advertising money we’ve raised this year, we passed along over 10 percent to other local nonprofits. We helped fund the Mayor’s Summer Youth Jobs Program and Grants-to-Teachers through the Denton Public School Foundation. The financial source for the youth jobs program is the third annual Denton Means Business 5K & Fun Run. The event is scheduled for the morning of April 7 at Apogee Stadium. Medals will be awarded to the top three men and women, both individually and by age group. The event is being coordinated by Sara Schroeder in cooperation with the University of North Texas athletic department. Visit www. denton5k.com to register. We have added a fundraising component to our annual membership banquet, scheduled for March 22 at the UNT Gateway Center. We’ve added silent and live auctions to help raise funds for some desperately needed maintenance projects on the chamber building. Chamber officers Carrell Ann Simmons and Rick Wick are in the process of securing an Argentina dove hunt, professional sports gear, music celebrity items, California

Chuck CARPENTER | COMMENTARY

wine country and Colorado ski trips as well as several unique gift baskets. The annual membership banquet serves as the symbolic passing of the gavel, and the transition from Jim Fykes to Erik Clark as chairman of the chamber board. Individual acknowledgements in the form of the Small Business of the Year, Volunteer of the Year, Outstanding LEAD Delegates and Otis L. Fowler Award will be highlights of the evening. Tickets are now available at the Denton chamber office. CHUCK CARPENTER is president of the Denton Chamber of Commerce. He can be reached at dcoc@ denton-chamber.org.

person to sign a contract or say “I accept.” If upon hearing John’s offer, Larry handed John $70,000, that act would constitute acceptance and performance of Larry’s contractual obligation. If, instead, Larry says to John, “I’ll pay you $60,000 for Hurricane,” Larry has rejected John’s offer and made his own offer (a counteroffer) to purchase Hurricane that John can either accept or reject. Usually, consideration must be exchanged or promised to create a contract. The consideration for John and Larry is money and a horse. Consideration consists of either a benefit to the promisor or a loss or detriment to the promisee. Consideration may be provided by or to someone who is not a party to the contract. Also, consideration is generally regarded as adequate, except when its inadequacy would “shock the conscience” or is inadequate as the result of fraud. In other words, bad deals are usually enforceable. Under certain circumstances where consideration is not specified but one party relies to his detriment on a promise made to him by an-

Scott Sonner/AP file photo

If Larry says to John, “I think I’d like to buy your horse,” Larry has expressed a desire to buy the horse but not a clear and definite acceptance of John’s offer. Acceptance must be clear and definite when forming a contract. other party, the promise may still be enforced. For example, John assures and reassures Larry that he is going to give him the rest of the $10,000 he needs to build a new barn for Hurricane. “I love Hurricane and don’t want him setting hoof in your old barn. I’ll give you the money,” says John. Larry, in relying on that promise, demolishes his old barn and starts construction on the new barn. John then informs Larry

that he has decided to not give him the money. Larry may be able to enforce John’s promise of $10,000. However, if Larry did not believe that John would give him the $10,000 but demolished his barn and started building a new one anyway, there would be no reliance and no enforcement of John’s promise. To form a contact, the parties must have a mutual understanding of the subject matter of the contract and the

essential terms. Under a scenario where Hurricane had died two weeks before John offered to sell him to Larry, John knew of Hurricane’s demise but Larry didn’t. John and Larry don’t have a mutual understanding. Additionally, there is likely inadequate consideration and possible fraud in this example. Larry thinks he’s getting a living horse for $70,000, and John knows otherwise but doesn’t tell Larry. Contracts can be oral, but some must be in writing and signed by the person to be charged with the promises (e.g., contracts to loan money and contracts for the purchase and sale of real estate). Contracts can be formed through an email or text message exchange if such satisfies the elements of a contract. Contracts range in complexity and terms. If you need help preparing, reviewing, understanding, enforcing or defending a contract, consult with an experienced and qualified attorney.

RYAN WEBSTER is a lawyer at Alagood Cartwright Burke PC and can be reached at rwebster@ dentonlaw.com or www. dentonlaw.com.

Stoke is where it’s at for startups Caroline BOOTH | COMMENTARY

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toke, Denton’s coworking space and entrepreneurial hub, is a place for innovators, freelancers and startups. As a program supported by the city of Denton’s Department of Economic Development, Stoke helps further Denton’s entrepreneurial community by providing access to talent, education, capital and a network of other entrepreneurs. Stoke is located in The Railyard at 608 E. Hickory St., Suite 128. It opened in 2016 and recently came under new management by Denton company Hickory & Rail Ventures. Hickory & Rail Ventures is owned by Denton resident and entrepreneur Marshall Culpepper. Culpepper is the co-founder of both Kubos, a satellite software startup in downtown Denton, and Techmill, a nonprofit organization for Denton tech builders. He is an active member of the Denton tech commu-

Jeff Woo/DRC file photo

Workers get things done at Stoke, Denton’s co-working space and entrepreneurial hub supported by the city’s Department of Economic Development. nity, mentoring students and local entrepreneurs about writing software and building startups. Hickory & Rail Ventures brings Stoke exclusive partnerships with Denton organizations that will incubate, fund and support Denton startups. One of the partners that already has committed since the management transition is the University of North Texas, which will offer extendedlearning entrepreneurship programs at Stoke.

Stoke offers community programming events such as Lunch and Learns, where attendees can learn crucial skills like creating a business model canvas and product development. There also will be a monthly event with Denton Angels, a newly established network of angel investors where startups can network with business advisers and investors. Already home to a number of successful startups including Flyp, Shepherd Dog, Upventur and FanFair, Stoke

offers flexible memberships to fit entrepreneurs at any stage. For more information about Stoke’s memberships, programming and resources, visit stokedenton.com or email executive director Heather Gregory at heather @stokedenton.com. L. CAROLINE BOOTH is the director of economic development for the city of Denton. She can be reached at 940-349-7751 or Caroline.Booth@cityof denton.com.

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Enterprising Voices

As volatility returns, focus on cash flow and assets

“It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.” — Charlie Munger

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ver the past couple of years, we have discussed a couple of driving forces in the market: our long-term view that inflation was a higher risk than many were prepared for, that a tugof-war for market leadership was underway between value and momentum investing strategies, and that both of these forces were being exacerbated by massive fund flows into passive index funds. Let’s explore how each of these factors contributed to the steep sell-off over recent weeks. We’ll begin on the inflation front. Since the recession of 2008-09, central banks around the world pursued a coordinated policy of money printing and suppressed interest rates. Over the past 10 years, the U.S. Federal Reserve, the European Central Bank and the Bank of Japan have printed over $13 trillion. That money was plowed into the purchase of government bonds, mortgage bonds and eventually corporate bonds. As demand for these bonds went up, so did their prices. Since bond prices and yields have an inverted relationship, the higher prices meant the yields on those bonds fell to the floor. This why interest rates have been so low over the past several years. These low interest rates have had a huge effect on the stock market. Initially, with lower debt costs, companies were more profitable. This helped drive the initial recov-

Jonathon FITE | COMMENTARY

ery. Then, companies began to use cheap debt to fuel stock buybacks, propelling share prices higher. As the pain of 2008-09 receded, investors began looking for income and higher yields. With interest rates on bonds so low, many plowed into dividend-paying stocks as an income alternative — driving stocks even higher. Some central banks, like the Swiss National Bank, plowed their printed money directly into stocks — buying hundreds of billions of dollars of stocks through passive index funds like the S&P 500. With the rally in full go-go-mode, everyone wanted into the game, and momentum funds (more dollars chasing the fastestrising stocks) dominated. Alongside this interest rate suppression and impressive run in the stock market, the economy hummed along, growing in the 1.5 percent to 2 percent range throughout the recovery. But because of a combination of economic healing, reduced regulatory burden from the Trump administration and increased fiscal stimulus from recent tax cuts, the economy has stepped it up a notch. The gross domestic product has grown above 2.5 percent for three straight quarters, and the Atlanta Federal Reserve is predicting firstquarter GDP to come in above

5 percent. Some of this was presaged by the recent jobs report that showed wages climbed nearly 3 percent in January. This is a big deal. Growth is accelerating. At the same time, central banks are beginning to unwind their bond buying programs. The U.S. Federal Reserve has hiked short-term rates five times in the last two years and is letting its massive bond portfolio slowly run off. The European Central Bank is winding down its bond buying program, and many believe it, too, will start raising shortterm rates later this year. These huge buyers of bonds are leaving the market. The unwinding of central bank stimulus combined with expectations of higher growth have driven interest rates higher. If we focus on the interest rate environment over the last 18 months, we see that 10-year U.S. Treasury yields have risen from 1.4 percent to over 2.8 percent. Now, this is still an incredibly low level of rates, but on a relative basis, interest rates have doubled over the last 18 months. This is an incredibly fast rate of change. We have warned investors for years to stay away from bonds because we knew that once inflation began to build and yields began to rise, bond prices could get crushed. After an initial jump in late 2016, rates were fairly stable for most of 2017. This resulted in low levels of volatility and high levels of complacency that encouraged investors to plow money into passive indexes that chase companies whose prices have gone up the most. Hundreds of billions poured out of actively managed funds (often

Bryan R. Smith/Getty Images

Traders work on the floor at the New York Stock Exchange on Thursday in New York. invested in the few pockets of value that remained) and were redirected into passive funds. This depressed market volatility. The Chicago Board of Exchange Volatility Index (VIX) measures the implied volatility of future stock prices based on options’ premiums in the market. When people are fearful, and believe prices may fall a lot in the future, they pay high prices for options that protect against those price declines. This results in a high VIX. When investors are complacent, and think nothing bad can happen, the prices of those options fall and the VIX declines as well. According to Morgan Stanley, 2017 had the lowest level of volatility in stocks since 1964. This encouraged a lot of stupid behavior. The most glaring example of this stupidity has to be the rise in “short-vol” exchangetraded funds and exchangetraded notes. Given the trends of lower volatility, investors poured money into ETFs and ETNs that made leveraged bets on low volatility. One such fund, the Velocity

Shares Daily Inverse VIX ETN (XIV), which was structured to rise as volatility fell or stayed low, soared from roughly $20 in early 2016 to nearly $150 by January 2018. This nearly 700 percent return encouraged lots of complacency and a bit of stupidity, as more and more people plowed into these funds, often with borrowed money. January and early February were fascinating from a market mechanics perspective. The broader indices like the Dow Jones Industrial Average and S&P 500 surged nearly 8 percent in just a few weeks, and short-vol funds like the one above continued to race higher. But alongside these moves, the rise in interest rates accelerated, jumping from 2.4 percent to 2.85 percent in a few weeks. This triggered a healthy correction in the market, which we typically see at least once a year but had been gleefully missing for a few years. When the market indices fell nearly 12 percent in a handful of days, the short-vol funds came unglued. The XIV plummeted to nearly $5,

triggering a liquidation provision by the fund’s sponsor, Credit Suisse. Investors may not walk away with much. We encourage investors to stick to their knitting — seeking good companies with strong assets, run by capable managers, priced at bargain value with a steep margin of safety. Often, this leads us away from what is popular and exciting. Sometimes, the bargains we focus on are snapped up quickly by other investors or acquiring companies. But typically, these bargains take a few years to generate the returns we expect. In the meantime, we try to avoid anything that can lead to catastrophic losses. Bitcoin, short-vol ETFs, Tesla — they have all been great momentum trades when the world was awash with cheap (low-interest-rate) money. But none of these made sense from a value investing perspective. Instead, value investors should continue to focus on companies with real cash flows or valuable assets and work with our portfolio companies to grow their earnings or harvest their assets through a sale to a strategic buyer. By focusing on not being stupid, occasionally you look smart. JONATHON FITE is a managing partner of KMF Investments, a Texas-based hedge fund. He is an adjunct 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.

(L-R) Tom Heslep, Matthew Steward, Ralph Ramsey, Jana Marshall, Julie Meyer, Tony Clark, Shantel Day, Chuck Clay, Brett Kuhn, Trenna Ezzell, Mark Stuart

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Enterprising Voices

Wellness at work benefits employees, business owners A

ccording to the American Public Health Association and the Public Health Institute, twothirds of the U.S. workforce is overweight, one in four employees has heart disease and one in three has high blood pressure. Each year, more than $153 billion is lost to absenteeism from employees who have chronic health conditions. Most of these diseases are the result of preventable lifestyle factors caused primarily by poor diet, lack of exercise or smoking. As a small business owner, you can play a critical role in promoting health and safety for your employees by instituting workplace wellness programs that can significantly reduce sick leave and medical costs. Benefits of employee wellness programs include increased productivity, increased retention and employee job satisfaction, decreases in absenteeism and overall reduced health care costs. The reduced health care costs include direct costs, such as insurance premiums and worker’s compensation claims, but according to the Centers for Disease Control and Prevention, it can translate to lower indirect costs if workers miss less work because of illness and are more productive. Historically, employee well-being programs have offered exercise and physical activity classes as well as nutrition and weight management programs. Over time,

Open/ Closed UPDATE | CONTINUED FROM PAGE 1

the corner of West Hickory Street and Carroll Boulevard. The local chain serves up authentic Tokyo ramen for lunch from 11 a.m. to 2:30 p.m. For dinner, the noodle shop is open Sunday through Thursday from 5 p.m. to 10 p.m. and Friday and Saturday until 10:30 p.m. The renovation of the Monroe-Pearson building is nearly complete. The Monroe Pearson event staff is set up in a small construction trailer on the site and is booking events for after the event venue’s expected opening at 421 W. Oak St. in April. The owners of Pollo Regio closed the Denton location and reopened with a new franchise, Catrina Mexican Grill and Bakery, at 1725 W. University Drive at the beginning of February. Open daily, the restaurant serves authentic cuisine, including carne asada fajitas, carnitas, al pastor, barbacoa, chicken mole and street tacos. From the bakery, look for tres leches cake, pan dulce, Mexican cinnamon cookies and more. Speaking of moving around, Little D Guitars closed its store on Austin Street on Feb. 3, but the business is still going at 2108 N. Elm St. More information is on the company’s Facebook page. Longtime, loyal customers are still reeling at the announcement that the Cupboard Natural Foods and Cafe is closing after more than 50 years of selling organic groceries, gentle cleaning supplies and natural vitamins and supplements in Denton. Zig Zag Stripe, which started in Mansfield, closed its Denton location on North Elm Street. The women’s clothing retailer first opened online specializing in selling to all sizes. The online store remains open. Carl’s Jr. closed its only Denton location on Loop 288 at the end of January.

Thaddeus MANTARO | COMMENTARY

employers have increasingly provided a complement of health risk assessments, biometric screenings, online tools, webinars, wellness challenges, health classes, health promotion resources (topic seminars) and even remote wellness coaching. Platinum-level programs offer employee assistance program benefits, lunch-andlearns, in-person coaching and nutritional counseling, on-site gyms and memberships, healthy meal options, nap pods, wellness adventures, incentive programs and massage therapy. It is clear that these wellness programs benefit employers -especially those employers that expand beyond traditional physical well-being programming to holistic or multidimensional programming. Many companies offer at least one wellness program as part of their health benefits. Forward-thinking employers, and those seeking to be the employer of choice, are increasingly considering the value of implementing some form of wellness programming. Each year since 2012, Virgin Pulse (a part of Sir Rich-

ard Branson’s Virgin Group and a technology company that “cultivates good lifestyle habits for employees”) and Human Capital Media have conducted a “Business of Healthy Employees” survey on health and well-being programs in the U.S. and globally. Well-being for employees is directly linked to engagement — the measure of an employee’s active productivity and participation at work. In 2017, Virgin Pulse found that among the employers offering wellness programs, the top goal was to become an employer of choice, followed by improving workplace culture and reducing health care costs. Employees of these companies felt that well-being programs: ■ Positively affected work culture; ■ Made them feel more energetic and productive; ■ Made them feel like the company cares about them; ■ Made them feel more appreciated; and ■ Made them feel more loyal and engaged to their company. As a result of its holistic commitment to improving the lives of its students, faculty and staff, Texas Woman’s University has invested in its own comprehensive health and well-being program to recruit, develop and retain top talent.

THADDEUS MANTARO is the director of Texas Woman’s University’s Health and Wellbeing Initiative and can be reached at tmantaro @twu.edu.

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Business Spotlight has cards that earn miles with Delta Air Lines, United Airlines and Alaska Airlines. A financial challenge of parenting as an athlete: Covering child care for her baby son, Breck, while she’s competing overseas. Family members typically watch him, which is free, but Randall pays for their travel costs. Just for fun: Kikkan loves drinking chocolate milk after a race.

OLYMPICS | CONTINUED FROM PAGE 1

Olympic experience: Four-time Olympian (2006, 2010, 2014 and 2018). How she earns a living: Sponsorships with businesses including Mammoth Mountain Ski Area in Mammoth Lakes; prize money; and income from the duplex that she owns and rents out. How funding on the ski team works: The U.S. ski team covers ski and travel costs for the top U.S. skiers — a group called the “A” team, which Cook is on. Athletes on lower-level teams, some of whom still make it to the Olympics, have to pay to be on the team. How sponsorships work: Each contract is unique, but athletes typically earn sponsor money in two ways, Cook says. There’s a retainer, or a sum an athlete gets paid for signing a sponsor contract; and performance incentives, or money an athlete gets based on his or her ranking in the sport. Just for fun: She enjoys listening to podcasts including NPR’s quiz show Wait Wait... Don't Tell Me! and the “BiggerPockets Podcast,” which is about real estate investing.

Chris Kinney, bobsled

John K. Coyle, short track speedskating

Megan McJames, Alpine skiing

Age: 30 Hometown: Park City, Utah Olympic experience: Three-time Olympian (2010, 2014 and 2018). What it means to be an independent athlete: McJames was cut from the U.S. ski team in 2012, but has continued competing internationally anyway. Without the team’s financial support, she’s responsible for covering 100 percent of her training and competition costs. How she covers skiing and living expenses: Private donations, grants, sponsorships, fundraising, prize money and part-time work as a coach in the summers. What she wishes fans knew about the financial realities of the sport: She estimates costs for U.S. ski team members who have to pay to be on the team range from $15,000 to $25,000 per season. As an independent skier, her costs are even higher. Biggest money stressor: Her budget for one season of independent racing in the World Cup circuit during a non-Olympic year is $50,000, not including coaching. She hasn’t had a full-time coach since she’s been skiing independently. Just for fun: She likes listening to singer Josh Ritter to calm her nerves before a race.

Kin Cheung/AP

Jaelin Kauf of the U.S. looks at her score during the women’s moguls finals Feb. 11 in Pyeongchang, South Korea. Kauf has bused tables and cleaned houses to make ends meet as an Olympic hopeful. and living expenses: Team fundraising events and sponsorships with companies including Windham Mountain Resort, a ski area in Windham, New York. Biggest money stressor: “I’m maybe behind in regards to other 29-year-olds in the world that are, like, having full-time jobs and have houses and families. I don’t have that.” How he saves for the future: “I started an IRA when I was 17, and I’m 29 now. I’ve made a point to put the maximum amount into it.” Just for fun: If it’s an option, he likes to eat baby back ribs before a race. He ate them before winning a state championship race in 2012.

Jaelin Kauf, freestyle skiing

Age: 21 Hometown: Alta, Wyoming Olympic experience: Pyeongchang is her first Olympics. How she has covered skiing and living expenses: Prize money, fundraising events, income from part-time jobs and crowdfunding on athlete crowdfunding site RallyMe. Past part-time jobs: Busing restaurant tables, cleaning houses. What she wishes fans knew about the financial realities of the sport: For Kauf’s ski event, moguls, only the best U.S. athletes get funding for travel costs during competition season. As a top U.S. mogul skier this year, Kauf was funded. Some of her teammates who are also competing in Pyeongchang have to pay their skiing travel costs out of pocket. Just for fun: She always listens to “Amazing” by Kanye West in the start gate before a competition.

Age: 21 Hometown: Steamboat Springs, Colorado Olympic experience: Pyeongchang is his first Olympics. How he covers skiing and living expenses: Fundraising, donations and help from his parents. How he has saved on rent: Storing his belongings in a storage unit while he’s traveling for competitions, and staying with friends when he returns to Park City, Utah, where he trains. Favorite credit card: The Chase Sapphire Preferred Card, because it has travel bonuses and no foreign transaction fees. Just for fun: His warmup playlist includes “Man of the Year” by Schoolboy Q, “Rap God” by Eminem and “Highway to Hell” by AC/DC.

Brita Sigourney, freestyle skiing

Age: 28 Hometown: Carmel, California Olympic experience: Two-time Olympian (2014 and 2018) competing in the halfpipe event. How she earns a living: Prize money and sponsorships with companies including Monster Energy and Giro, a sports accessories firm. Biggest financial stressor: Booking plane tickets for ski competitions in places like Europe and New Zealand. She uses an American Express Delta credit card to earn miles and get free checked bags. What skiers can win in prize money: $10,000 to $25,000 for first place, depending on the competition. Just for fun: Recently, she’s been listening to the electronic song “Jubel” by

Klingande before competitions.

Mitch Whitmore, long track speedskating

Age: 28 Hometown: Waukesha, Wisconsin Olympic experience: Three-time Olympian (2010, 2014 and 2018) How he covers skating and living expenses: Performance-based stipend from the U.S. Olympic Committee. Biggest money stressor: “Rent is always one. Luckily, my girlfriend and I live [in Park City] in a pretty cheap place at the moment.” What he wishes more fans knew about the financial realities of the sport: U.S. Olympic athletes are not government-funded. Olympians in most other countries receive financial support from their government, according to the United States Olympic Committee. Just for fun: Whitmore tries to eat Chinese food the night before a race. “That seems to be a good-luck charm,” he says. He also drinks cherry juice before bed.

Kikkan Randall, cross-country skiing

Sadie Bjornsen, cross-country skiing

Age: 28 Hometown: Winthrop, Washington Olympic experience: Two-time Olympian (2014 and 2018). How she covers skiing and living expenses: Sponsorships with businesses including Saltchuk, a trans-

Age: 23 Hometown: Lawrenceburg, Indiana Olympic experience: Two-time Olympian (2014 and 2018). Bronze medalist in slopestyle at the Sochi Games. How he makes a living: Sponsorships with companies including Red Bull, PowerBar and Nike. How medaling in Sochi affected his sponsorship opportunities: “In terms of the funding, or sponsorship … it really has everything to do with how you’re skiing currently, not four years ago,” he says. Medaling “does increase your visibility … but if I’m not skiing well, then it doesn’t matter.” Why he wishes more Olympic money got passed on to athletes: “A lot of the Olympic athletes don’t benefit from the Olympics. A lot of them go broke trying to get there and don’t see any financial returns or any notoriety, or anything like that.” Just for fun: “My kryptonite is chocolate chip cookies — I love chocolate chip cookies.” He says his grandmother’s are the best.

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Age: 49 Hometown: West Bloomfield Township, Michigan Olympic experience: Silver medalist in the 5,000meter relay at the 1994 Games in Lillehammer, Norway. Now retired. A past money mistake: Coyle amassed $87,000 in credit card debt during his speedskating career. He had 37 cards at one point, he says. How he tackled his debt: Coyle consolidated it and worked with a debt settlement company to negotiate down the total amount he owed. But although that strategy works for some people, debt settlement is risky. Chapter 7 bankruptcy or a debt management plan is almost always a better option. Just for fun: Coyle is a speaker, author and NBC analyst. He’ll be in Pyeongchang for the final 10 days of the Olympics doing features for NBC and live broadcasts on his Facebook page, “John K. Coyle — The Time Guy.”

Age: 29 Hometown: Stockbridge, Georgia Olympic experience: 2018 is his first Olympics. How he covers bobsledding and living expenses: A mix of crowdfunding, income from a part-time job and a stipend from the U.S. Olympic Committee. Biggest money lesson he’s learned: “Always live below your means, and save. … It’s not how much you make, it’s how much you save.” Biggest money sacrifice: Giving up a full-time job with good benefits to pursue his dream of becoming an Olympian. Just for fun: Kinney loves Korean food. His favorite is a pancake-like dish called pajeon.

portation and distribution company in Seattle, and Delta Constructors, a construction management company in Anchorage, Alaska. Earlier in her skiing career, she worked part time as a nanny. Favorite budgeting tool: Excel. What she nerds out about: Tax policy in various countries. Just for fun: Bjornsen braids her hair before every race.

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FEBRUARY 2018

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Cover Story The deposit and startup money comes from an online Kickstarter campaign. The vast majority of contributors, Williams and Davis said, gave about $5 at a time, some people offering physical labor when it comes time to open. “That shows people have our backs,” Davis said. “It’s all a bunch of people like us.” Williams said the Square is an ideal fit because it splits the distance between UNT and TWU and because it’s in an area where people are already going out for drinks and nightlife. A big question Williams said they keep hearing is whether non-LGBTQ people can patronize the cafe. “Of course you’re allowed to come in,” she said. And really, that’s the point: Davis and Williams say they hope to brand Q’s as a gay bar for all people to visit and learn about each other, to not shy away from LGBTQ issues. “We just want a space to still be shiny but go a littler deeper,” Williams said.

CAFE | CONTINUED FROM PAGE 1

queens and laugh during comedy shows. They call the place Q’s for some wordplay on the many questions people have and the many terms queer people use to express their identities. “It’s a lot of heavy lifting to explain yourself when you’re ‘othered’ all the time,” Williams said. Denton has a sizable college-age population, but gay students looking for a night out often head to Dallas for its gay bars and nightclubs. That was made worse in August when Mable Peabody’s Beauty Parlor & Chainsaw Repair closed, leaving Denton without any gay bars. Davis and Williams used to frequent Mable’s when they were students. So when they caught wind of the closure, the concept for Q’s began to take shape. Throughout LGBTQ history, gay bars have been safe spaces for like-minded people to meet and gather without threat of intimidation or worse. But even as gay bars are central to queer culture, Williams and Davis say the overlap of drinking and personal liberation creates an expectation that young LGBTQ people must indulge in a party lifestyle to fully appreciate what it means to be a queer person. It’s as if, they say, to be comfortable and safe, one must drink and party. Williams and Davis have friends in various stages of recovery from alcohol addiction, and it has always been a challenge finding a place where those friends can fully enjoy socializing with gays without the pressure to drink. So Q’s will serve beer and wine but no liquor. Right now, Williams and Davis said, LGBTQ people need designated covens during a time when they are fearing higher levels of rhetorical and physical harm. Texas is among the most violent places for LGBTQ people to live, according to the New York City Anti-Violence Project, which ranked 2017 toward the top of the list of most deadly years for queer people. The group says the election of President Donald Trump has a great deal to do with this uptick in anti-gay violence. “There is a lot of hatred going on right now,” Davis said. “We need a space where people can just calm down and be themselves.” Denton has a reputation for being open to LGBTQ people despite being embedded in heavily conservative Denton County. Three years ago, when the U.S. Supreme Court ruled gay marriage constitutional, Denton County

Briefly in Business

Charity on menu at eatery

Serve Denton announced that it has named Barley & Board as its “Business Partner of the Month” for February. The restaurant has helped the charity organize Thanksgiving meal distribution for the last three years. It also has donated to the charity’s annual fundraising gala. In December, employees with the restaurant’s parent company, Radical Hospitality, volunteered with a Serve Denton team making home repairs for a local family. Serve Denton helps local nonprofits help others. For more information, visit the charity’s website, www.serve denton.org, or email executive director Carlie Kuban at ckuban@servedenton.org.

— Staff report

Jeff Woo

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Denton Record-Chronicle

BC

FEBRUARY 2018

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Vital Statistics SALES TAX PERMITS

The following sales permits were issued by the state comptroller’s office for January. The list includes the owner, name of business and address within zipcodes 75068, 76201, 76205, 76207, 76208, 76209, 76210, 76226, 76227, 76249, 76258, 76259 and 76266. 75068 Curly & Molly Ltd. Co., 9913 Trinity Drive, Oak Point From Top to Bottom Restoration, 1708 Willoughby Way, Little Elm Sahara Group, 2216 Suncoast Lane, Little Elm Pixi3d, 2833 Cascade Cove Drive, Little Elm Boxxed Merch LLC, 4101 Garden Way, Little Elm Willenborg Legacy Ventures LLC, 2496 Hammock Lake Drive, Little Elm Rosy Fresh, 2509 Pecan Drive, Little Elm Lynx Chemical, 2309 Castle Creek Drive, Little Elm Urban\Lace, 1016 Broken Spoke Drive, Little Elm 76201 Skyelight Coffee Co., 200 E. McKinney St., Denton Grish Co, 2115 W. Hickory St., Apartment 4, Denton Kiwi Moon, 916 S. Locust St., Denton Thornburg & Associates, 2106 Georgetown Drive, Denton The Juice Lab, 508 S. Elm St., Suite 104, Denton

Fat Shack Support LLC, 508 S. Elm St., Suite 109, Denton Butcher’s BBQ, 1205 Cordell St., Denton Taqueria Miguelitos, 2317 W. University Drive, Suite C3, Denton Jacob Dill, 906 Alice St., Denton G Barber Company LLC, 1709 Westchester St., Denton Anastasia Wilson, 2601 W. Oak St., Apartment 821, Denton Chaney Lou Art, 812 Emery St., Denton 76205 Fast Jewelry Repair, 2430 S. Interstate 35E, Suite 110 Ian Howell Video, 824 Lynhurst Lane, Denton Squalus Aureus, 1941 Colorado Blvd., Apartment C, Denton Jets, 2007 Stonegate Drive, Denton 76207 C & S Reps, Inc., 12100 Willet Way, Denton

Upstate Physical Therapy, PC, 4401 N. Interstate 35, Unit 110, Denton Over the Hill Collectibles, 5800 N. Interstate 35, Suite 400 Franco’s Paint & Body Shop LLC, 2271 N. Masch Branch Road, Suite 3 76208 Richard Rought, 912 Raleigh Path Road, Denton Golden Goddess Collection, 3730 E. McKinney St., Suite 106, Denton Denton Academy of Music LLC, 3502 Corinth Parkway, Corinth Above All Garage Door Co., 3412 Evening Wind Road, Denton Jimani Collections, 1508 La Fonta, Denton Sweet Jayne’s, 3301 Glen Crest Lane, Denton Global Landscaping LLC, 1901 Lakeview Blvd., Denton Justin’s Pet Sitting Service, 908 Raleigh Path Road, Denton Water Bionics, 3923 Morse St., Suite 118, Denton Charming Farm Texas, 3604 Dalton Drive, Corinth 76209 M & P Surplus, 1714 Tyler St., Denton Megan Bates Photography, 1208 Bayfield St., Denton Zach’s Shaved Ice #2, 625 E. Sherman Drive, Denton Maktivity, 1601 E. McKinney St., Denton

BUILDING PERMITS

The following building permits were issued by the Denton Planning and Development department in January. 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 Traffic Grafix, 2401 Worthington Drive, Suite 130 National Crosslink Powder Coating, 201 Eagle Drive M Square Properties, 1714 Fort Worth Drive Beer Dudes Canning, 2401 Worthington Drive, Suite 121 In & Out Tax Service, 1607 E. McKinney St., Suite 900 Green Eagle Garage Door, PS., 122 Daugherty St., Suite 4 City of Denton, 4910 Lockheed Lane Chestnut Arms Apartments, 927 W. Chestnut St. Rocky Haire Injury Lawyers, 1003 Dallas Drive, Suite 101 Seth A Fuller Attorney At Law, 1003 Dallas Drive, Suite 105 Quality Control Roofing Construction & General Contracting, 1003 Dallas Drive, Suite 111 COMMERCIAL ALTERATION Denton Green Investors LLC, 2424 W. Oak St. Second Hand Sports & Game Swap, 210 E. McKinney St. Countryview Mobile Home Park, 2800 Fort Worth Drive City of Denton, 300 S Woodrow Lane City of Denton, 204 Mayhill Road Strategic Denton Call Center TFO, 5800 N. Interstate 35, Suite 205 Southridge Plaza Partners LTD, 2416 Lillian B. Miller Parkway Southridge Plaza Partners LTD, 2416 Lillian B. Miller Parkway Skechers, 1435 S. Loop 288, Suite 123 Raising Canes, 1511 S. Loop 288 WGBP Partners Ltd., 1500 N. Western Blvd. Eagle Elm Partners, 712 S. Elm St., Suite 1113 Foundation Management Services, 2800 Shoreline Drive A. Gruppo Construction Management, 1435 S. Loop 288, Suite 123 Senior Care Centers LLC, 2244 Brinker Road First State Bank, 400 W. Oak St. Southwest Bell Mobile System, 2411 N. Elm St. TC Ventures LLC, 711 Dallas Drive Wells Fargo & Co., 101 S. Locust St. McAllister’s Deli TFO, 2200 W. University Drive, Suite 190

RESIDENTIAL Hive Management, 2704 Province St. Megatel Homes Inc., 2612 Province St. Gehan Homes, 6408 Roaring Creek Robson Denton Developers LP 8013 American Way 12605 Lignite Drive 9505 Greenstone Way 11808 Cinnamon Drive 11913 Cinnamon Drive 11804 Willet Way 11720 Cinnamon Drive 12605 Golden Rock Drive History Maker Homes, 5313 Marina Drive Forestar Real Estate Group Inc. 7821 Alders Gate Lane 4501 Eagle Path Road 7700 Falcon Ridge Road Massey Shaw 2700 Vine Court 2704 Vine Court 2708 Vine Court 2712 Vine Court 2716 Vine Court 2720 Vine Court 2724 Vine Court LGI Homes 1104 Princewood Drive 4500 Merchant Trail 4504 Merchant Trail 4508 Merchant Trail 916 Princewood Drive 1012 Princewood Drive 1100 Princewood Drive 4501 Shy Creek Lane 900 Princewood Drive 904 Princewood Drive 908 Princewood Drive 912 Princewood Drive 920 Princewood Drive 924 Princewood Drive 1000 Princewood Drive 1004 Princewood Drive 1008 Princewood Drive 4505 Shy Creek Lane

4509 Shy Creek Lane 4513 Shy Creek Lane 913 Princewood Drive 917 Princewood Drive 921 Princewood Drive 925 Princewood Drive 1001 Princewood Drive 1005 Princewood Drive 1009 Princewood Drive 1013 Princewood Drive DR Horton 3029 Armstrong St. 2904 Dominion St. 1812 Moonsail Lane 3520 Monte Carlo Lane 6201 Province St. 2809 Dominion St. 1900 Moonsail Lane 1904 Moonsail Lane 1908 Moonsail Lane 1912 Moonsail Lane 2805 Megan St. 2209 Moonsail Lane 2212 Moonsail Lane 2000 Anchor Drive 2013 Spinnaker Drive 1916 Moonsail Lane 2000 Moonsail Lane 2004 Moonsail Lane 2008 Moonsail Lane 2012 Moonsail Lane 3016 Armstrong St. 3108 Armstrong St. 3017 Armstrong St. 2612 Empire St. 3112 Armstrong St. 2208 Moonsail Lane 3612 Helm Lane

Motomedia, 1820 N. Ruddell St., Apartment 4207 Franco’s Auto Sales, 603 E. McKinney St., Denton Advanced Cleaning Services of Texas, 2100 Burning Tree Lane, Denton Mamaw’s Kettle Corn, 1605 Wellington Drive, Denton Solstice Fox, 301 Coronado Drive, Apartment 1049, Denton 76210 Freckled Mule, 4313 Bay Meadow Drive, Denton Aliabiza, 3004 Donner Lake Circle, Denton Salient Hosting LLC, 2209 Woods Edge Court, Corinth 4 Seasons Grounds Keeping Service, 9100 Teasley Lane, Trailer 8I, Detnon Pi Squared Pizza Tavern, 3200 S. Interstate 35E, Apartment 1150, Denton Above All Garage Door Co. LLC, 6017 English Manor Drive, Denton Seamless Integrations, 3319 Brampton Drive, Corinth Joyful Threads, 8200 Serenity Way, Denton Birds Eye Social, 6908 Edgefield Drive, Denton Premier Pet Steps, 2100 Fair Oaks Circle, Corinth Gold Standard Pest Control, 2309 Castle Creek Drive, Denton It’s-A-Burger Teasley LLC, 3220 Teasley Lane, Suite 112, Denton Blimar Supplies, 2054 Driskell Drive, Corinth

Milam And Palmer Industries, 3036 Country Club Road, Denton 5 Dudes Golf, 1407 Ballycastle Lane, Corinth 76226 Advant Development LLC, 2420 Britt Drive, Argyle Mountain Bird Studios, 790 George St., Lantana 407 Gun Club LLC, 831 W. FM407, Argyle KBW Pool Services LLC, 950 Hondo Road, Lantana Greathouse Heating & Air, 8230 Carter St., Lantana Fox Lane Market, 190 Fawn Hollow Drive, Argyle Majeza Jewelry Cleaner, 11505 Feather Reed Road, Argyle Infinite Coatings Inc., 2420 Britt Drive, Argyle 76227 Good Timber Co, 1032 Cotton Exchange Drive, Savannah Kirstie Marie Photography LLC, 620 Chippewa Way, Aubrey Neat Method Dallas, 1013 Marietta Lane, Savannah Studio84 Photography, 9213 Blackstone Drive, Aubrey Valor Plumbing Inc., 6286 Oak Hill Lane, Aubrey Tree of Peace Designs, 1208 Spanish Moss Drive, Savannah Poplin & Pine, 1604 Sea Island Road, Aubrey Nicci’s Niche, 9213 Sweeney Court Linda Ann Dobecka, 818 S. Sherry’s Lane, Krugerville

ASSUMED NAMES

The following names (followed by address) were posted in January at the Denton County Clerk’s office.

NAME — DBA/ADDRESS

NAME — DBA/ADDRESS

Blue Rose Cleaning, 2700 Hilcroft Ave., Denton Adigunlawa International Business, 612 Londonderry Lane, Apt. 203, Denton 7-Eleven Convenience Store #32812B, 101 S. Loop 288, Denton R&B Handyman Services, P.O. Box 51372, Denton Michael Becerra Remodels & Outdoors, 27040 E. U.S. Highway 380, Apt. 7207, Denton Kalaelise, 315 S. Locust St., Apt. 203 Bee Hive Christian Children Books, 1030 Dallas Drive, Denton Foxfire Apartments, 2421 N. Bell Ave., Denton Justin’s Pet Sitting Service, 908 Raleigh Path, Denton

Maryann Brooks Kildebeck LCSW, 1015 W. Oak St., Denton Stratagenic, 8524 Stallion Court, Denton New Way Subcontractor, 1175 Cottonwood Lane, Denton SLP Storytellers, 9812 Blackwood Drive, Denton Deshky Vending, 901 E. Ryan Road, Denton Taqueria Lonbardia, 3912 Teasley Lane, Denton Hercules Automotive, 303 N. Elm St., Denton American Recycling Consultants, 624 W. University Drive, Suite 317, Denton DT Chaeyoung Inc., 3606 S. Interstate 35E, Suite 110, Denton Teno Auto Shop, 611 E. McKinney St., Denton

Postaledge LLC, 10004 Cedar Lake Drive, Providence Village Benjamin Steiner, 26850 U.S. Highway 380, Apartment 2003, Aubrey Soft Swirlz LLC, 6650 Blackjack Oaks Road, Aubrey Crazy Lady Photography, 725 Patio St., Aubrey The Wandering Gem, 1500 Morning Dove, Aubrey David & Co., 7301 Fishtrap Road, Crossroads Nicolesun Photography, 7990 Shady Oak Drive, Aubrey Everythingandmoore.com, 5621 Bridle Path, Aubrey 76249 Embroidery & Design by Kara, 425 Jackson St., Krum Cars 4 Lots Less Online LLC, 10680 Jackson Road, Krum Madeline Nell LLC, 11065 Southwind Place, Krum Drop Shade, 313 Eagle Drive, Krum 76258 Joker’s Firearms, 1200 Massey Road, Pilot Point 76259 Barrels and Brass, 8782 Webb Road, Ponder Board At Home, 261 Meadowlands Drive, Ponder 76266 Special Touch Hair Design/Landscape Design, 8463 Crestview Road, Sanger

NAME — DBA/ADDRESS ED’s Custom Tile, 5505 Fishtrap Road, Suite 105, Denton Cleaners MSC, 6509 Willow Lane, Denton DFW Home and Ranch Group, 1005 Hopkins Drive, Denton Athena, 2321 N. Masch Branch Road, Suite 304, Denton Denton County Clothing, 2321 N. Masch Branch Road, Suite 304, Denton Thai Ocha Restaurant, 1509 Malone St., Denton Voice Date Technology, 816 Lakey St., Denton Divine Interventions, LLC, 3428 Crisoforo Drive, Denton Frazier Commercial Inc., DBA Frazier Group Property Management, 633 Londonderry Lane, Denton U-Neek Wallart, 2622 Nottingham Drive, Denton Boss Bitch Records, 501 S. Locust St., Suite 1211, Denton Greg Garay’s Landscaping, 4545 Mingo Road, Denton Finally Outta Lockup, 213 Ave. G, Apt. 14, Denton Precision Aircraft Maintenance, 4700 Spartan Drive, Hangar 101, Denton

Biz on the Wire Google adding to Oklahoma campus

PRYOR, Okla. (AP) — Google is planning to open another four-story data center in Oklahoma, bringing the company’s total investment in the state to at least $2.5 billion. The company recently announced plans to spend $600 million on the additional data center at Google’s campus at the MidAmerica Industrial Park near Pryor,

about 40 miles northeast of Tulsa. “We hit a home run on the initial phase,” Pryor Mayor Jimmy Tramel told the Tulsa World. “Now the city is always running the bases — running the bases toward something more, something better, a new building, a new project. “They are a huge part of the community, and I mean that in every aspect.”

Google currently employs more than 400 people at its Mayes County campus. “It will impact our economy somewhere in the neighborhood of $150,000 to $200,000 per year for the next couple of years, just based on the part-time workers and the sales tax they bring in,” Tramel said. “Moreso than anything, it brings people here to live.”

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FEBRUARY 2018

8

D

BC

Denton Record-Chronicle

CHAMBER SPOTLIGHT #DentonMeansBusiness UPCOMING EVENTS

RIBBON CUTTINGS Denton Bodysculpting January 18, 2018

Embassy Suites by Hilton Denton Convention Center January 18, 2018

Denton County Brewing Company February 1, 2018

NEW MEMBERS AdvantaClean of Denton

DENTON CHAMBER OF COMMERCE BOARD OFFICERS

Jim Fykes..........................................................Chair of the Board Erik Clark................................................ Chair-Elect of the Board Glenn Carlton..................... Immediate Past Chair of the Board Mark Burroughs..................................... Vice Chair of the Board

Monica Glenn......................................... Vice Chair of the Board Amanda Oringderff ............................... Vice Chair of the Board Rick Wick................................................. Vice Chair of the Board Carrell Ann Simmons .....................................................Treasurer

DIRECTORS

Lee Allison • Jason Bodor • Roy Culberson • Sheryl English • Russ Ellis • Gary Henderson • Michelle Houston • Jill Jester Greg Johnson • Aaron Newquist • Amy O’Keefe • Tom McCoy • Hector Mendoza • Lee Ramsey • Jeff Reecer Pat Sherman • Randi Skinner

EX OFFICIO DIRECTORS

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, 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 Chris Watts....................................................................................................................................Mayor, City of Denton

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Business Plan Solutions

100 W. Oak Street, Ste 110 Denton, TX 76201

Rayzor Ranch Town Center 2600 Panhandle Street Denton, TX 76201 3826 Market Street Denton, TX 76209

17766 Preston Road Dallas, TX 75252

C&C Directional Boring, LLC 7193 Gregg Road Krum, TX 76249

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