Category: Business

  • Established Chamber Member: High Definition Coaching

    Established Chamber Member: High Definition Coaching

    Hdc Gary HeadshotMy name is Gary White. I am the owner of High Definition Coaching, which is a Maxwell Leadership Certified company. My wife Kim and I have been married for 31 years. We have two wonderful boys and, at present, one dynamic daughter-in-law. We have been in PCB since 2020. We certainly love Panama City Beach, especially the people. We have often commented about the connections here and how hospitable everyone is.

    I started in Healthcare as a Paramedic and installed floors on my off days. After 15 years on the ambulance, I developed a strong business in flooring in Tennessee and used my Healthcare background to serve at the national level through disaster medicine. I was at Katrina, Super storm Sandy, as well as the Haiti earthquake in 2010. I served in leadership roles and eventually began to be a part of operating the training division in Anniston, Alabama at the Center for Domestic Preparedness. That was when I made a transition that has shaped my life for the better by joining John Maxwell as a certified coach, speaker, and trainer.

    I started High Definition Coaching in 2016 as a Business Development vehicle for growth-minded, values-centered companies who want to make the shift from success to significance.

    I focus on certain critical areas of business development that are too often overlooked. These areas are leadership development, communication, and sales development. The Maxwell Leadership Programs I bring involve leadership, communication, and sales. This gives clients the added edge to become a world class organization. It doesn’t take much more to be world class, but it does take more.

    I want to give people the “more “ that is required to be first class. This nugget of gold is what sets the best organizations apart from those who are trying to be the best. It doesn’t take a lot of money and it doesn’t take additional personnel or resources. It is literally what Horst Schulze of Ritz Carlton has identified and implemented at every location across the globe. Are you ready for it? It is Valuing People. When you value people, you’ll look for ways to add value to them. When people know you value them, it makes what you bring to the table more valuable and this translates to every relationship we have. And in a world that is known for who and what it is against, valuing people communicates a message that people everywhere are hungry for, and that is that they truly matter.

    I believe that through partnering with companies to increase their value to their employees, we can cultivate a culture of people who value people and add value to people. Our desire to help businesses grow well is a strategy that helps the community as well. When business flourishes, so does the community. When we can bring the Ritz Carlton secret to organizations in PCB, then PCB becomes a world class community and that is worth getting up every morning for!

    Learn more at www.highdefinitioncoaching.com, or reach Gary by email at gary@highdefinitioncoaching.com or by phone at (423) 593-8003.

  • Five Themes for Investors to Explore in 2022

    Five Themes for Investors to Explore in 2022

    Maurice StouseBy Maurice Stouse, Financial Advisor and Branch Manager

    As we are now into a whole new year, the more things change, the more they stay the same: The Covid virus is still with us, the money supply is still at historically high levels, rates remain low, housing remains strong. Unemployment is now at pre-Covid levels. Some things are not the same: Inflation is at its strongest in two generations, there are more jobs than job seekers, the employment rate (percent of eligible Americans working) is at an all-time low. Savings rates are higher, U.S. household net worth (as reported by Josh Brown and CNBC) is at an all-time high of $130 trillion. In generations past, that net worth was mainly comprised of home value and pensions. Today over a third of that is in stock holdings, pensions are no longer a significant source, and housing maintains its influence on people’s overall net worth. Something to ponder when fretting about national debt levels: household net worth is more than four times the national debt. And overall national wealth (the value that all governments hold) is around 10 times greater than the national debt. That is not to say that the current elevated levels of debt are not challenging to economic growth and sustainability – considering debt to GDP is at over 100%, the highest since 1946 – but still worth noting that overall wealth far exceeds overall debt.

    Here are some themes for investors to ponder and explore for 2022. We provide five in this edition of Research and Commentary from The First Wealth Management. As the world evolves and changes, investors can take note of innovations and disruptions and explore potential opportunities for their future investments.

    Electrical Vehicle (EV) Batteries – It is interesting to note that there will need to be considerable increase in the supply of EV batteries to come anywhere near the projections for new EV sales by 2030. Note that in 2022 in the U.S., EV sales might reach 5% of vehicles sold, a relatively small percentage. Still, ABC News reports there were 15mm cars sold in the U.S. in 2021 and if EV sales are to make up 5% in 2022, that means 750k batteries are needed. The supply of batteries is dependent upon the mining and development of lithium and cobalt and rare earth minerals and somewhat in the recycling of existing phones and laptops. Although the U.S. is a leader in the natural resources needed, it is a laggard when it comes to mining and production. It could take years for supply to meet the demand. The takeaway for investors is to look at those stocks and funds that concentrate on exploration, mining and producing minerals such as cobalt, lithium, copper, nickel, manganese and zinc and rare earth minerals. Investors might want to consider some of the emerging (some of them or still private) companies that recycle batteries and sell them to electric vehicle manufacturers.

    Infrastructure. With billions being set aside for everything from roads and bridges to the electric grid and recharge stations, materials and materials producers, as well as industrial construction firms, could stand to gain significant new business opportunities. Copper might very well be one basic metal whose demand could grow at an increasing rate. There are numerous firms and funds that investors could consider in order to participate in these areas.

    Quantum Computing. Simply put, quantum computing execution means that computers could run and produce at rates exponential to today’s rates. It is important to note that major technology firms are investing a lot in this technology, but it is too early to experience any revenues. Ari Zoldan, the CEO of Quantum Media Group, wrote recently that the quantum computing market is “valued at $0.5 billion and is expected to grow to $65 billion by 2030, indicating a compound annual growth rate (CAGR) of 56%.

    Carbon Sequestration. There may be economic and investment opportunities to consider here. The U.S. Geological Survey (USGS) defines carbon sequestration as the process of capturing and storing atmospheric carbon dioxide. It is done naturally (biologically) by plants, trees and oceans. Plants need CO2 as part of the photosynthesis process. When areas of the world are “deforested” (to grow other crops or clear for development), we are in a sense decreasing the number of carbon sinks in the world. It is also done by Geologic carbon sequestration, which is the process of storing carbon dioxide (CO2) in underground geologic formations. Some of this is done in oil and gas extraction. The oil is forced out of the reservoir through the injection of CO2 (which takes the place of the removed oil and remains there forever). Some firms are also developing technology that removes carbon from the atmosphere and then injects it below the earth’s surface and charges storage fees. Many major oil and gas firms, in addition to green tech companies, are rapidly pursuing this. Carbon capture and sequestration (CCS) is also part of coal burning energy producers.

    PBS suggested that three keys would be 1) Increasing plants and forests, as plants and trees use carbon dioxide as part of the photosynthesis process. Forests act as lungs (as do oceans) and sequester the carbon emissions that are produced. The problem is that while deforestation is finally declining, reforestation is declining too. 2) Construction of carbon sequestration plants. These are facilities that capture carbon in the air and pump it underground. 3) Food consumption. PBS points out that if people threw away less food, which could significantly reduce carbon emissions as well.

    The takeaways for investors: Consider opportunities to invest in forestry companies. Most new trees planted each year are by forestry companies. While the rate of deforestation is slowly declining, there is yet to be a commensurate increase in reforestation. Regarding CCS, there are firms pouring billions into new technology to capture and often sell the carbon. According to CNBC, Arizona State University has reported that its research shows that automated CCS can be thousands of times more efficient in removing carbon from the atmosphere. It is early with this technology, but some major oil and gas firms are putting billions into technology that could produce significant carbon capture each year as early as 2030 and to double that by 2040.

    Energy & Energy transition. We think this is still an area that investors should continue to consider. There are ETFs that invest in wind, solar, nuclear, clean and, of course, traditional energy firms, such as oil and gas. The aforementioned PBS story pointed out that the demand and consumption of fossil fuels should be addressed, but also acknowledged that it continues to grow. As demand is growing however, a report from Rystad Energy says, “the oil and gas industry will deliver its worst exploration year since 1946…production budgets are not returning to pre-Covid levels and probably never will.” A classic case where supply cannot meet the demand.

    We last reported that the European Union was set on reducing carbon emissions to net zero sooner than later and with strict targets as early as 2030. This has had an added impact on natural gas supplies, which is already constrained. The New York Times reported that now there is a proposal before the European Union, by the European Commission, to make certain natural gas and nuclear electricity plants be considered either green or transition to green energy producers. That could have a significant impact, according to The Times, on new investment into these types of facilities. Despite the huge gains being made by wind and solar, in that order, the investment and production in those technologies would not be able to meet the ever-growing demand. Many traditional energy producers are making significant investments in wind and solar but also natural gas as well. As for nuclear, we take note that nuclear plants (which produce electricity) produce zero carbon emissions.
    The EC proposal points out its support for nuclear is only for those facilities that can safely dispose of the waste. We know of only one nuclear plant under construction in the USA currently. Should the EU pass legislation approving of nuclear, we think that additional U.S. nuclear plants are in the offing. Interested investors could consider equities or ETFs in the Industrials and Materials

    The First Wealth Management is located at First Florida Bank, a division of The First Bank, 2000 98 Palms Blvd, Destin, FL 32541, with branch offices in Niceville, Mary Esther, Miramar Beach, Freeport and Panama City. Phone 850.654.8122.

    Raymond James advisors do not offer tax advice. Please see your tax professionals. Email: Maurice.stouse@raymondjames.com.Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC, and are not insured by bank insurance, the FDIC, or any other government agency, are not deposits or obligations of the bank, are not guaranteed by the bank, and are subject to risks, including the possible loss of principal. Investment Advisory Services are offered through Raymond James Financial Services Advisors, Inc.

    The First Wealth Management First Florida Bank, and The First Bank, are not registered broker/dealers and are independent of Raymond James Financial Services.

    Views expressed are the current opinion of the author, not necessarily those of RJFS or Raymond James, and are subject to change without notice. Information provided is general in nature and is not a complete statement of all information necessary for making an investment decision and is not a recommendation or a solicitation to buy or sell any security. Past performance is not indicative of future results.

    Investing involves risk and you may incur a profit or loss regardless of strategy selected, including diversification and asset allocation. Investors should consult their investment professional prior to making an investment decision.

    Investing in oil involves special risks, including the potential adverse effects of state and federal regulation and may not be suitable for all investors.

    There is an inverse relationship between interest rate movements and fixed income prices. Generally, when interest rates rise, fixed income prices fall and when interest rates fall, fixed income prices rise.

    Bitcoin and other cryptocurrency issuers are not registered with the SEC, and the Bitcoin marketplace is currently unregulated. Bitcoin and other cryptocurrencies are a very speculative investment and involve a high degree of risk.

    Investors should consider the investment objectives, risks, charges, and expenses of an exchange traded fund carefully before investing. The prospectus contains this and other information and should be read carefully before investing. The prospectus is available from your investment professional. The companies engaged in the communications and technology industries are subject to fierce competition and their products and services may be subject to rapid obsolescence. Investing in the energy sector involves special risks, including the potential adverse effects of state and federal regulation and may not be suitable for all investors.

  • Ask Apex: The Value of Third Party Evaluation

    Ask Apex: The Value of Third Party Evaluation

    By Ken Larsen

    “Competition is healthy – unless there is a conflict of interest. Then it becomes unethical and destructive.”

    Last month we identified three demographics found in most industries – including the general contracting business: 1. Those who are competent experts, 2. Those who are “crooks,” and 3. Those who are naively incompetent.

    We also identified why insurers firmly insist upon the use of their “preferred vendors.” The contractors have agreed – in writing – to concessions in prices and processes necessary to repair the structures the insurance companies insure thus increasing the insurance company’s profitability.

    APEX proudly declares their refusal to participate in ANY Preferred Vendor Program. APEX works for YOU!

    It can be difficult to keep emotions in check when you perceive a conflict of interest carried by the entities you are forced to work with.

    APEX understands and provides a solution to minimize this understandable sentiment.

    Conflicts of Interest Abound in Insurance Claims!
    Let’s take time to face the obvious truth:

    Insurance Claims Representatives are employed to manage (reduce?) financial exposure for their employer. That might not be in the property owner’s best interest. They’re conflicted.
    Contractors (like APEX) are typically “for profit” corporations! Contractors might be inclined to seek the maximum revenue and profit from a project rather than what the project actually “needs.” They’re conflicted.

    Property owners (the insured) are typically annoyed at the inconvenience of their home being damaged – as well as attracted to the prospect of getting their home “upgraded.” They too are conflicted.

    And then there is one of the most important conflicts common to a property insurance claim: a “competitive quote” by another contractor. Make no mistake – there is a very real issue when an insurance company sends a second contractor to your property. The second contractor possesses one of the biggest conflicts possible as they possess the prospect of referrals directly from the insurance representative.

    The Registered Third Party Evaluator (RTPE)
    Only an individual possessing the industry’s HIGHEST levels of formal education, in conjunction with (usually) decades of restoration experience, an adherence to a strict Code of Conduct and no possibility of financially benefiting from the decisions made on the structural repairs can truly be trusted to render a compelling conclusion on the needs of the project.

    A registry exists of such individuals who pledge to “represent the needs of the structure rather than the interests of the individuals involved. In South Walton that individual is Ken Larsen, CR, WLS, CMP, CSDS. Ken provides this independent service for consumers seeking an independent expert to assist in establishing the repair needs on your property. His list of qualifications is long – and impressive – and available through APEX. His professional fees can even be submitted as part of your insurance claim.

    With so many obvious conflicts of interest during an insurance claim, a level playing field is difficult but important to find.

    You can always trust APEX Disaster Specialists. But if you want to be sure any contractor or claims representative on your property is competently evaluating the needs of your property, – we invite you – the insurance claims representatives – and even our local competition to engage a non-conflicted industry expert in the discussions.

    APEX proudly uses RTPEs whenever necessary. You can learn more at www.registeredtpe.com

  • Deepening Business Relationships

    Deepening Business Relationships

    Marta Rose Thorpe.8 27 20By Marta Rose-Thorpe

    A few years ago, I attended a businesswomen’s symposium where the morning keynote speaker talked about her TRIBE. Her “Tribe” was the ten or twelve people in her life that influenced her the most. I call these kinds of people “Engines” – people in our lives who pull us forward, as opposed to “Anchors” – the people who hold you down (needy, drama, victims, etc.). These were people she saw and spoke to frequently, worked on events together, promoted each other’s businesses and brand, supported each other’s causes, and even financially supported each other by purchasing their products and services. In doing so they were able to be each other’s testimonial and give referrals.

    Your tribe serves an important purpose. It fulfills things that we, as both business professionals and human beings, need: support; inspiration; business advice and direction; idea-sharing and brainstorming; data-sharing; opportunities to co-promote and co-brand; events, committees and forums to participate and contribute; and opportunities for you to make a difference in your community.

    Let’s talk about deepening business relationships. Have you heard this saying, “People do business with people they know, like and trust?” Here are four relationship-deepening strategies to think about and use.

    Brand Foundation. You are your BRAND… So what is your Authentic Brand Foundation? Is your lifestyle congruent with your brand? The way you live, the places you go, the way you present yourself, the activities that occupy your time, the people you spend time with. Are there discrepancies, or is everything consistent and harmonious?

    It’s not who you know, it’s who knows YOU. You can’t know all your potential customers, but by raising the profile of your brand (you) your customers can certainly know you, whether by internet, TV, radio, mailers, networking events, social media, etc.

    Being an Encourager is one of the best ways to establish a deeper relationship with someone. Do you know the difference between a thermometer and a thermostat? A thermometer reflects the atmosphere around us – it mirrors back what’s going on. A thermostat lifts the atmosphere to where you want it to be; it affects the atmosphere. thermostats are encouragers. Encouraging leads to encouragement. When you take the time to encourage others, you become encouraged.

    Show Appreciation. Everyone likes someone who appreciates them. One of my favorite sayings is, “People will forget what you said. People will forget what you did. But people will never forget how you made them feel.” The most powerful tool you have in creating success in your life is to appreciate other people. When you appreciate others, you’ll find that your relationships are stronger; your circle of friends is growing wider; your career and business is succeeding beyond your expectations; and your life will simply be happier.

    Remember that the two most powerful words in any language are “thank you.” Saying thank you communicates that you value and appreciate the other person. Saying thank you has the power to completely change the other person’s mood, for the better. Saying thank you has the power to create friendships. Saying thank you has the influence to create loyalty. Forgetting to say thank you leaves the other person feeling taken for granted and unappreciated, feelings that will more than likely damage building future bonds.

    And finally, here are just a few more ways to deepen relationships: Believe in People; put your reputation on the line to vouch for them. Speak up with positive words and affirmations. Connect People. Encouragers are always looking to bring people together and connect them with opportunities. Find out people’s strengths and gifts, and help them get plugged in. Call someone up and invite them to lunch. Ask them their story… then listen. Attend someone’s event, or something they’re involved in, or something they put together.
    And bring someone into your own tribe!

  • Talking Trash: Waste Pro Management With the Community Assist

    Talking Trash: Waste Pro Management With the Community Assist

    By Jamie Zimchek

    It was Thursday, October 19, 2018, and rows of trash bags were stacked by many a curb across Panama City Beach. While the city’s citizens were incredibly grateful to emerge relatively unscathed from Hurricane Michael, curfews, boil water notices, overflowing trash cans, and power outages kept things a far cry from normal. Then, through the muggy air, came the welcome rumble of a Waste Pro truck. Full disclosure: there may have been cheering that took place, much to the bemusement of the driver and helpers working their way through the neighborhood in question. As the only company based on the beach, Waste Pro wasn’t just servicing their regular routes either – they also were picking up for other Panama City-based companies. “Following Hurricane Michael, we were asked to service every single container on the beach because no one could get in,” explains David Akins, Waste Pro Management’s division manager. Though he came on board in June of 2019, everyone still talks about Hurricane Michael. And the teams manning these Waste Pro trucks? “They were out there taking care of everybody while everyone else was at home taking care of their houses,” says Akins. “A lot of them lost their homes, but they still came to work.”
    Waste Pro Group
    This dedication to the community is just one of the reasons the company has such a wide-spread presence in the area. The company as a whole just celebrated its 20th anniversary, and they’ve run a division here in Panama City Beach since 2008. Bay County’s division, Division 118, covers Bay County of course, but also runs service out to Port St. Joe and Sneads in the east, west over to Destin and Defuniak Springs and on across the I-10 & 20 corridor for a coverage area that takes in a total of about 5,000 squares miles. With three lines of business, Waste Pro can adeptly handle residential, commercial, and industrial trash. I’ve got about 65 employees working for me between here and our Marianna facility,” says Akins. “We run about 36 routes, and that goes over all lines of business, about 53 trucks altogether.” On September 1, Waste Pro also acquired Mr. Trash, and recently began servicing the new Margaritaville subdivisions. “We’re making some changes in our routes to adapt to that as well. We have more new containers on our way to use for customers,” says Akins.

    As is to be expected with such local growth, Waste Pro is also looking to expand its team. “We have positions available for people to join us,” says Akins. “We are in a growth pattern, and we are one of the largest industrial haulers in the area.” To incentivize potential employees, there are safety bonuses but also the Co-Heart Program. “Co-Heart is fantastic,” Akins explains. “It’s something that we offer – we are licensed by the state of Florida and the United States Department of Transportation to sign off on individuals who qualify to get their CDL (Commercial Drivers License).” This gives qualified ‘helpers’, also known as ‘slingers’ who work the backs of the truck) the opportunity to get the necessary training to become drivers. And those safety bonuses? Waste Pro offers the exclusive earned $10k safety bonus and $5k safety bonus to helpers. They’re awarded every three years to outstanding employees who exhibit a great safety record. “I’m a safety manager at heart,” explains Akins. “It’s very important to me – I want my guys and gals to go home with all their “fingers and toes, bumpers and taillights, as they came to work.”

    New to the area and need to sign up for trash service? Call the office to set up service with a service representative. You can pick up your can yourself or have it delivered. Sometimes there’s a fee that goes with a container for delivery, but in most cases they’ll have your trash receptacle to you in 3-5 days. And in case you’re wondering, yes, Waste Pro employees are the kind of people who will periodically run up and grab your trash can for you on one of those off-days when you forget trash day is, in fact, Thursday.

    So to those hardworking drivers and helpers at Waste Pro who help keep our fine city streets looking sharp: thank you, we appreciate you!

  • NEW Chamber Members through January 6, 2022

    NEW Chamber Members through January 6, 2022

    Pcb Chamber LogoWelcome new chamber members!

    Exchange at the Beach – Fortis PM
    Keisha Whitten
    200 Thomas Drive
    Panama City Beach, FL 32408
    (850) 669-8838 exchangeatthebeach@fortispm.com
    Apartment/House Rentals/Long Term

    Hawkstone Cyber, LLC
    Shane Liptak
    Serving Bay County & Surrounding Areas
    (8500 988-4295 shane.liptak@hawkstonecyber.com
    Computer Sales/Service//Systems/Consultants

    Keller Williams Success Realty – Elaine Giddens
    Elaine Giddens
    Serving Bay County & Surrounding Areas
    elainegiddens@kw.com
    Realtors/Brokers

    No Doubt Systems
    Ed Flachbarth
    Serving Bay County & Surrounding Areas
    eflachbarth@nodoubtsystems.com
    Construction

    Sombreros Bar and Grill, LLC
    Joanna Yim
    4933 Thomas Drive
    Panama City Beach, FL 32408
    (850) 588-5495 hsyim012@yahoo.com
    Restaurants

    Toastmaster Panama City
    Landa White
    4952 U.S. 98
    Panama City, FL 32401
    (850) 319-0051 landawhite@gmail.com

    Wolfe Watersports LLC/HydroFly PCB
    Bruce Evou
    P.O. Box 1837
    Lynn Haven, FL 32444
    (850) 919-5390 wolfewatersportspcb@gmail.com
    Attractions & Things To Do

    Gulf Coast Tree Specialists
    Randy Wright
    4542 E. Business Highway 98
    Panama City, FL 32404
    (850) 784-9080 info@gctreeinc.com
    Tree Services

    Harbourage Yacht Club
    Sean Buckley
    800 Dolphin Harbour Drive
    Panama City Beach, FL 32407
    (850) 867-3037 harbouragemarina@gmail.com
    Marinas

    Island Fin Poke
    Kurt Fadden
    15500 Panama City Beach Parkway
    Panama City Beach, FL 32413
    (321) 890-5364 kfadden@islandfinpoke.com
    Restaurants

    Keller Williams Success Realty
    Stephanie Bennett
    22606 Panama City Beach Parkway
    Panama City Beach, FL 32413
    (850) 249-1313 pr@kwriversgroup.com
    Realtors/Brokers

    Keller Williams Success Realty – Cyndi Cleghorn, Realtor
    Cyndi Cleghorn
    7923 Panama City Beach Parkway
    Panama City Beach, FL 32407
    (850) 814-8230 cyndisellingthecoast@gmail.com
    Realtors/Brokers

    Margaritaville Beach Cottage Resort Panama City Beach
    Alyssa Walker
    13623 Front Beach Road
    Panama City Beach, FL 32413
    (850) 880-8850 awalker@theppg.net
    Vacation Rentals

    Serenity South at the Spa on Harrison
    Josh Brannon
    25 Harrison Avenue
    Panama City, FL 32401
    (850) 257-5420 serenitysouthspa@gmail.com
    Spas/Massage Therapy

    Tidal Wave Auto Spa of Panama City
    Jennifer Rogers
    8021 Panama City Beach Parkway
    Panama City Beach, FL 32407
    (706) 938-0991 jennifer@tidalwaveautospa.com
    Car Wash

  • Property Tax: Exemptions & Installment Payment Plan Deadlines

    Property Tax: Exemptions & Installment Payment Plan Deadlines

    Each year many property owners are unaware of the early deadlines required for making application for property tax exemptions and for participating in the Installment Payment Plan. Both deadlines have the potential to impact the 2022 property taxes for property owners.

    Please check out the important information below related to applying for a property tax exemption and for participating in the 2022 Installment Payment Plan so you don’t miss the deadlines.

    Exemption Deadline
    March 1st is an important deadline for Florida property owners. It is the final day to apply for property tax exemptions. A number of exemptions are available to qualifying Florida property owners, but you must apply with the Bay County Property Appraiser’s Office by the deadline.

    Among the property tax exemptions authorized by Florida Statute are:
    • Homestead Exemption
    • Homestead Exemption Portability
    • Additional Exemption for Persons 65 and Older
    • Widow/Widower Exemption
    • Disability Exemption
    • Totally & Permanently Disabled Persons
    • Disabled Ex-Servicemember or Surviving Spouse
    • Surviving Spouse of Veteran Who Died While on Active Duty
    • Surviving Spouse of First Responder Who Died in the Line of Duty

    An extensive list of available exemptions and their requirements as well as checklists to ensure you have all the documentation needed to make application can be found online via the Bay County Property Appraiser’s website, Baypa.net or scan the QR code above with your smartphone camera to be directed to their webpage with additional information.

    Applying for Exemptions
    For those who recently purchased a home and received a Homestead Letter from the Property Appraiser’s Office, you may be eligible to file for homestead exemption online at Baypa.net. Other individuals desiring to apply for exemptions can visit the Property Appraiser’s Office at 301 Richard Jackson Blvd, Panama City Beach or call them directly at (850) 248-8470 before the March 1st application deadline.

    Participating in the Property Tax Installment Payment Plan
    For those taxpayers interested in paying their 2022 property taxes in four quarterly installments rather than one lump sum payment, you can apply to participate in the Installment Plan. The Installment Application must be received in the Tax Collector’s Office by April 30th. Additionally, if you look up your property tax account at BayTaxCollector.com you will see an option to “Apply for the 2022 installment payment plan.” This option allows you to apply online.

    The Installment Plan breaks up a tax payer’s annual tax bill into four quarterly installment payments with the first payment due no later than June 30th. Additional installment bills are mailed in September, December and March. Failure to make the first payment by June 30th automatically terminates eligibility to participate. The taxpayer with terminated eligibility will then be sent a regular tax bill in November. If you are already participating in the Installment Payment Plan, you do not have to re-enroll each year. The annual billing for a tax account must be at least $100 annually to qualify to participate in the Installment Plan.

    To learn more about the Installment Payment Plan, scan the QR Code to the right with your smartphone camera to be directed to a webpage with additional information.

    To learn more about the tax collector’s office, please visit BayTaxCollector.com.

  • Introducing: Panhandle Sparkle Bins

    Introducing: Panhandle Sparkle Bins

    Sparkle BinsWe are Panhandle Sparkle Bins—Bay County’s premier residential and commercial bin sanitization and cleaning company. Panhandle Sparkle Bins is a locally owned and family operated business that supports and services all of Bay County as well as the Santa Rosa Beach area. Inspired by a service our daughter and son-in-law received in Warner Robins, Georgia, we thought, “Hey! Bay County needs this service!”

    After researching this industry and all that is involved, we were sold when we learned of the positive environmental impacts services like ours support. All Bay County residents know how vital our waterways are to our local economy! We were pleased to learn that all our cleaning products are Green Seal certified. In addition to this, the wastewater created while sanitizing and cleaning a bin is all self-contained. That means no potentially harmful bacteria and waste entering our groundwater or runoff! We truly believe this is one responsible step we can take to help protect our precious local ecosystem.

    Our process: Our truck is truly one-of-a-kind! We come the same day your trash company collects your garbage. Using pressurized heat that reaches over 200º, we sanitize and kill 99% of the common germs and bacteria found on and in your bin. We then spray our deodorant on your bin leaving it smelling fresh and clean. I know! It sounds contradictory—a good smelling garbage bin. To freshen up your bin, call (850) 774-BINS (2467) or visit their website, www.panhandlesparklebins.com. You can also find them on Facebook as Panhandle Sparkle Bins or on Instagram @Panhandle Sparkle Bins.

  • Since 1965: Bill Cramer Chevrolet Buick GMC

    Since 1965: Bill Cramer Chevrolet Buick GMC

    Bcgm.4franchise.12.18.19Bill Cramer Chevrolet Buick GMC is Panama City’s oldest family owned and operated dealership. Originally founded in 1965, the dealership is now into its third generation. The Cramer Family, along with a very dedicated team of employees, is on hand every day to ensure the very best customer satisfaction possible. We work here, we live here, we play here. Panama City is our home.

    We are excited about the growth being experienced in this area. We look forward to opening a new facility at our recently acquired 25 acre property on Hwy. 98, next door to the Harley-Davidson dealership.

    Bill Cramer 2Originally established as a Chevrolet only dealership, Bill Cramer GM is now a full-line GM dealership. We sell and service new Chevrolets, Buicks, GMCs and Cadillacs, as well as an enormous inventory of preowned and certified preowned vehicles. As evidenced by our high Google review rating, we have a solid reputation for taking great care of our customers….before, during and after the sale.

    At Bill Cramer GM, we constantly invest in training of employees and securing state of-the-art equipment and facilities. We strive to make our customers’ service experiences second to none. Whether visiting our full-scale service department, or our “Certified Service Express Center,” you will find yourself pleasantly impressed. Our customer service lounges are equipped with free WiFi, complimentary snacks and beverages. Perhaps our tagline says it best, “We’ll make it safe, we’ll make it easy, and take great care of you.”

  • Will Inflation, Higher Rates and Covid Slow Down Economic Recovery?

    Will Inflation, Higher Rates and Covid Slow Down Economic Recovery?

    Maurice StouseBy Maurice Stouse, Financial Advisor and Branch Manager

    The U.S. economy is on a tear so to speak. Economic growth is considered by some to be beyond red hot (Fidelity recently called it “white hot”). Corporate profits have been growing at record paces, despite higher prices for materials and labor. Yes, American companies are continuing to make record profits despite the biggest spikes in inflation in almost 40 years. So, many are wondering, can it continue? That ‘it’ is economic growth and along with-it productivity, profitability and ultimately stock prices, real estate prices and other asset prices.

    Americans continue to increase their spending (U.S. companies, too) and they continue to increase their savings. Access to capital has never been so advantageous to corporate America, its citizens and its governments. Is that what has been driving inflation? Some argue it has not. They argue it is the (temporary) disruptions in the supply chain that is causing significant spikes for everything from semiconductors (computer chips) to clothing, building materials, and just about everything that relies upon shipping and delivery.

    We, along with everyone else, hear and see a lot of what is going on and draw conclusions and formulate opinions. We will share them with you in this edition of Research and Commentary from The First Wealth Management.

    We think it is going to take a lot to significantly slow down this economy and start to hurt corporate earnings. Starting with inflation, we think that it will sustain itself at 5% (not the 3.5% that the market is implying or the 6.8% of the Consumer Price Index). That rate by the way is more than double—in fact it is almost triple—what inflation has been in the past 20 years or so. Inflation at these levels can threaten productivity and profitability for sure. However, we think not enough in this scenario to reduce profit growth below 10%. We aren’t alone in this thinking, but it makes a lot of sense to us. Stock prices would benefit commensurably in this scenario. Stock prices tend to follow profits or profit growth, but some stocks get way ahead of themselves and get overvalued (Electric vehicle stocks or crypto exchange companies, for example). Some stocks continue to suffer a lack of interest or momentum and hence become undervalued. Believe it or not, energy stocks are still considered to be undervalued even though the sector is up over 50% for the year.

    Next, the money supply. Fed stimulus and the growth of the balance sheet would have to slow down significantly or even reverse. It is important to point out that the Fed has slowed its pace of asset purchases (which has been increasing the money supply, kept rates low, created greater liquidity, made credit more available) but still has continued to grow its balance sheet and the money supply. Banks, as most depositors know, are not trying to increase deposits through higher rates on savings and CDs. Banks have access to a lot of capital. One reason bank stocks have performed strongly, and we think overall the sector will continue to do so, is simply put this way: Bank profitably grows when banks borrow on the short end (at close to zero) and lend on the long end (not close to zero, more like 3% and beyond). So, if rates or yields do go up, banks might grow their revenues and their profits more quickly.

    The role that the Fed plays probably shouldn’t be understated. Recently Global X (an investment management company of exchange traded funds) called 2020 the year of the virus, 2021 the year of inflation and 2022 the year of The Fed. We tend to agree. They went on to say that yields and economic growth will be key focuses for the Fed. That included commentary on which sectors rise with an increasing 10-year U.S. Treasury note rate and oil prices: Those are Financial Services (banks and financial services), energy (mainly oil companies but also oil services and energy transportation) and Industrials. Industrials encompasses a lot: Transportation (air, freight, rail, trucking) auto and equipment manufacturers, defense companies among others).

    Economic contractions (recessions and depressions) are the result of restriction of credit. That is not happening right now and hence has been the wind in the sails of the economy. Left unchecked, however, that can lead to prices rising too rapidly (inflation), but also it can lead to asset bubbles. A greater supply of money pushes asset prices up and leads to higher levels of speculation. Question for readers to ponder: Is crypto currency a store of value and hence its rapid rise or is it also impacted by speculation because of the huge increase in the money supply? We think it is the latter and that investors should take caution when considering crypto as part of their asset mix.

    What about Covid? Approximately 62% of the U.S. population is vaccinated. As newer variants emerge, will they evade vaccinations, cripple mobility, demand and ultimately economic growth? We think the proof is in the lockdowns or the lack thereof. Most governments and nations tend to be looking to how to live and continue to grow through this virus and begin to accept it as part of life in these times. We think that Covid will continue to temper economic growth (and even take a point or two out of inflation), but not freeze it or reverse it.

    Because of economic growth the demand for energy (green or fossil fueled) will continue to grow. World demand for liquified natural gas alone (to generate electricity, heating and cooking) is seeing significant increase and now some are projecting that the U.S., within the next year, will be the leading exporter of the fuel. Areas of the world, namely Europe, pronounce that its energy mix will be close to 80% green energy by the end of this decade. Energy stocks and funds represent less than 3% of the value of the S&P 500. While their profitability and stock prices have grown, they still don’t have anywhere near the percent of the market as say technology stocks do at 27%.

    Also, don’t forget about infrastructure growth. There are industries, companies and sectors that could be the benefactors (along with their shareholders) of the significant investments being made into infrastructure (roads, bridges, 5G, railroads, the shoring up of flood zones and rising sea levels). There are mutual funds, exchange traded funds and individual stocks that investors could look at if they see this as an area of growth and profitability.

    Regarding productivity: How can corporate America, and the corporate world keep up with higher costs of materials and labor shortages (inputs). Labor shortages are likely to continue because so many people have left the workforce, population growth has slowed significantly, and the worker participation rate is near its lowest level in history. We think the advances being made every day in automation, artificial intelligence and outsourcing — when juxtaposed with higher cost of labor — deliver that badly needed productivity to remain or grow profitability. The Kiplinger Letter recently cited the demand and growth of so called cobots, or collaborative robots, that “work side by side with workers” as one example of technology boosting or improving productivity. This could be an answer to the not only the growing cost of labor but the shortage of labor as well. Investors have more access than ever to directly participate in these technologies or sub sectors through individual securities or through the funds that represent them.

    In the end, until there is an opposing shift, we believe the economy will continue to grow.
    At The First Wealth Management we encourage our clients, when considering changes, to make changes over time versus making them overnight. While we appreciate the old saying that at first you must concentrate to create wealth, we also appreciate that investors should look to diversify in order to preserve wealth. We are not looking to be right with market commentary, but rather to be ready for changes and to work with our clients on making those over time.

    The First Wealth Management is located at First Florida Bank, a division of The First Bank, 2000 98 Palms Blvd, Destin, FL 32541 with branch offices in Niceville, Mary Esther, Miramar Beach, Freeport and Panama City. Phone 850.654.8122.

    Raymond James advisors do not offer tax advice. Please see your tax professionals. Email: Maurice.stouse@raymondjames.com. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC, and are not insured by bank insurance, the FDIC, or any other government agency, are not deposits or obligations of the bank, are not guaranteed by the bank, and are subject to risks, including the possible loss of principal. Investment Advisory Services are offered through Raymond James Financial Services Advisors, Inc.

    The First Wealth Management First Florida Bank, and The First Bank, are not registered broker/dealers and are independent of Raymond James Financial Services.

    Views expressed are the current opinion of the author, not necessarily those of RJFS or Raymond James, and are subject to change without notice. Information provided is general in nature and is not a complete statement of all information necessary for making an investment decision and is not a recommendation or a solicitation to buy or sell any security. Past performance is not indicative of future results.

    Investing involves risk and you may incur a profit or loss regardless of strategy selected, including diversification and asset allocation. Investors should consult their investment professional prior to making an investment decision.

    Investing in oil involves special risks, including the potential adverse effects of state and federal regulation and may not be suitable for all investors.

    There is an inverse relationship between interest rate movements and fixed income prices. Generally, when interest rates rise, fixed income prices fall and when interest rates fall, fixed income prices rise.

    Bitcoin and other cryptocurrency issuers are not registered with the SEC, and the Bitcoin marketplace is currently unregulated. Bitcoin and other cryptocurrencies are a very speculative investment and involves a high degree of risk.

    Investors should carefully consider the investment objectives, risks, charges, and expenses of mutual funds before investing. The prospectus and summary prospectus contain this and other information about mutual funds. The prospectus and summary prospectus are available from your financial advisor and should be read carefully before investing.

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