61st Annual Macon County Fair :: September 17-20 @ Wayne Proffitt Agricultural Center - 441 South, Franklin, NC

- published 8/21 (Larry) old link: http://www1.cfnc.org/applications/NC_Community_College/apply.html?application_id=1527

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Features

Shop owners finding a new use for an old building

As part of the Venture Local Franklin (VLF) initiative, Macon County News is teaming up with VLF to highlight local businesses throughout Franklin. Each week, MCN selects locally owned and operated businesses in a different category. It is our goal at MCN to work with VLF to encourage residents to shop locally and utilize the resources Franklin has to offer.

Some businesses are only as unique as the buildings they occupy. The businesses located in the Whistle Stop Mall, which range from restaurants to insurance to retail shops, all have one thing in common, they are all housed in a building that once served Macon County for decades as Belden Electric Cord Products factory.

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At a special meeting held last Friday, the Macon County Alcohol Beverage Control (ABC) board voted in favor of keeping its ABC store at its current location in Franklin.

The vote stemmed from the fact that that the town’s $1.25 million loan application to purchase a new ABC store was denied. As a result, the town decided to stop pursuing the purchase of the property, leaving the ABC board to decide on whether the current store would remain at Macon Plaza, or be leased at another location.

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Local entrepreneurs finding innovative ways to survive

As defined by Webster's Dictionary, an entrepreneur is someone who organizes and operates a business or businesses, taking on financial risk to do so. Entrepreneurs are key components in economic development and often become innovators in their fields.

Macon County's Economic Development Commission's (EDC), which is headed up by director Tommy Jenkins, is one of several organizations involved in various forms of economic development in Macon County which include Southwestern Community College, the Franklin Chamber of Commerce, The Highlands Chamber of Commerce, The Franklin Main Street Program, Venture Local, The Highlands Main Street Program, Franklin Young Professionals, and the NC Dept. of Commerce, to name a few. Jenkins says it is important that these organizations work together to build a stronger, diversified economy and encourage entrepreneurs.

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According to a memo sent by Town Manager Sam Greenwood on Tuesday, the town’s loan application to BB&T to finance the $1.25 million store in the new Walmart Supercenter Plaza has been denied.

In his memo, Greenwood stated the loan was rejected because of the 20-year length of the loan. “We have been informed by Davenport Associates that our financing package request has been turned down by BB&T, apparently, due to our requirements of (A) the term, at 20 years and (B) that all funds for repayments will come from ABC store revenue, i.e. sales.

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