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Features Business & Finance

The Franklin Tourism Development Authority (TDA) heard updates from multiple TDA funded projects as well as considered grant requests for upcoming tourism boosting events in Franklin.

After Chairman Candy Presley opened the meeting, Summer Woodard, chair of the finance/ budget sub-committee, informed the board that after receiving $12,199.87 in room occupancy tax for the month of July, and paying necessary bills for advertising and grant requests, the TDA currently has a remaining balance of $18,977.83. According to Woodard, the board currently has commitments for the remainder of the year totaling $56,800.68.

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No doubt many wannabe first-time homebuyers have been sitting on the sidelines of the volatile housing market, unsure when or how to enter the game. If that describes you, you're probably fortunate to have missed out on the housing bubble and lax lending standards of a few years ago, when millions of people took out mortgages they couldn't afford – or understand.

Homeownership is a long-term commitment filled with expenses (both expected and unexpected) and responsibilities. The upsides – not to mention the tax advantages – are why approximately two-thirds of Americans own instead of renting. But homeownership is not always right for everyone or at every stage of life.

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Another Franklin business fell victim to “the mob” when 30 people descended on Ace Hardware in a massive group. The mob rummaged through the aisles of Ace Hardware with only one goal in mind: To spend at least $20 in the store to show their support for local businesses.

The general idea of a cash mob is to encourage people to go into locally owned small businesses and commit to spending their money, en masse, to give the business owner a little bit of economic stimulus.

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Russell Hawkins of the financial services firm Edward Jones has announced his move to a new office at 141 Iotla Street. The new office will open for business on August 20, 2012. The phone number is 828-349-5184.

Hawkins, who has been a financial advisor since 2011, said, “We are excited about our new location, and we are eager for our clients to visit us.”

Edward Jones provides financial services for individual investors in the United States and, through its affiliate, in Canada. Every aspect of the firm's business, from the types of investment options offered to the location of branch offices, is designed to cater to individual investors in the communities in which they live and work. The firm's 12,000-plus financial advisors work directly with nearly seven million clients to understand their personal goals— from college savings to retirement — and create long-term investment solutions that emphasize a well-balanced portfolio and a buy-and-hold strategy.

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