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VOL. TMN-8 | NO. 17 | Saturday, April 18, 2015
Weekly Issue

Taking Care of Business

Grizzlies aim to emerge victorious in their first-round playoff series and then upset the odds

The postseason is – take your pick – a new season, the second season, the only season that matters.

Editorial: Meetings and Marches Won’t Fix Memphis Violence

Lanetta King never had a chance. She walked out the doors of Hillcrest High School near the end of the school year just as a gunfire erupted between two groups of rival gang members.

EMPHASIS Technology

Sign of Success

Memphis digital firm Lokion hangs its hat atop 88 Union

Sometimes a sign is about something more than serving as a wayfinder or indication of place. For Memphis-based tech company Lokion, it’s also a symbol, a beacon around which to rouse employees – and attract new talent.

Start Co. Uses Startup Insights to Fuel Community Benefits

A few weeks ago, representatives of Start Co., the Memphis-based venture development organization that guides startups through a few fast-paced business accelerators, spent a day at the library.

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Woods Brings Focus on Startups to Archer-Malmo Digital Arm

Archer-malmo might seem the epitome of an old school ad firm that is steeped in history, especially given the two prominent Memphis names that comprise the firm’s title.

THE MEMPHIS NEWS ALMANAC

This Week in Memphis History: April 17-23

2014: The formal dedication of the Overton Park Bike Gate on the western edge of the Midtown landmark draws a crowd of several hundred people, dozens of whom come with their bicycles for a ride from the gate on East Parkway to Shelby Farms Park. The nearby Hampline connecting the park to the western end of the Greenline was still under construction at the time.

Flurry on Opening Day For Memphis Election Petitions

Memphis City Council member Edmund Ford Jr. became the first candidate to file Friday, April 17, for a spot on the October ballot for city of Memphis elections.

Memphis Police Director Vows to Go After Gangs in City

NASHVILLE, Tenn. (AP) – Memphis Police Director Toney Armstrong is blaming drugs for a spate of high-profile crimes that have rocked the city in just over a week.

First Horizon Reports Q1 Loss

Driven by a mortgage-related legal settlement announced in recent days, First Tennessee Bank’s parent company swung to a loss for the first quarter of 2015.

Bass Pro Announces Opening Week Lineup

Bass Pro Shops has unveiled the celebrity lineup and schedule for its opening festivities, kicking off with a free Evening for Conservation event Wednesday, April 29, from 6 p.m. to 9 p.m.

No Place Like Home

33rd annual Memphis in May Triathlon returns to Millington

The 33rd annual Memphis in May Triathlon Weekend is again a little closer to truth in advertising.

Memphis Airport Inks Partnership With Grizzlies, Tony Allen

Memphis International Airport is ready for a little grit-n-grind.

Lakeland Prep School Bond Issue Rejected By Voters

Voters in Lakeland rejected a $50 million school bond issue Thursday, April 16, in the first election of 2015 in Shelby County.

Hopson Proposes Schools Budget Additions, Health Insurance Changes

Shelby County Schools superintendent Dorsey Hopson wants the SCS board to consider adding $14.2 million to the school system’s still-forming budget proposal.

Memphis Moves Closer to Downtown Building Purchase

The state of Tennessee may have moved out, but the city of Memphis could be moving in.

Goldcrest 51 Makes Horse-Drawn Comeback

A restored, 1903 Studebaker horse-drawn carriage was used this week to deliver the first kegs of Goldcrest 51 to Westy’s and Tennessee Brewery: The Revival.

Loeb Sees Activity at Executive Square

Loeb Properties has picked up a new lease and a lease renewal inside the Executive Square development in East Memphis.

Memphis Music Hall of Fame Expands Nominating Committee

Heading into its fourth year of honoring some of the country’s greatest music icons, the Memphis Music Hall of Fame has added some big names to its nominating committee – stacking it with both local and national music executives who will help pick this year’s inductees.

Heritage Trail Redevelopment Plan Resurfaces

A long-delayed city plan to remake a large swath of Downtown’s southern end appears to be making a comeback.

New Shop Preparing to 'Fall Into Place' on Broad Avenue

Last summer, Mary Claire White spent time checking out the growing Broad Avenue neighborhood – walking the street, absorbing the activity around the shops and restaurants and even introducing herself to all the shop owners, telling them about an idea she had.

Full-Time Job

Environmental Court moves to five days a week

For years, Judge Larry E. Potter has had to juggle a challenging court docket that included thousands of traffic citations and animal abuse cases along with the blight and neglect cases typically associated with the court.

Blended Learning Program Nabs $2.6 Million Grant

A new Shelby County Schools’ program got a boost Tuesday, April 9, with the announcement that the Plough Foundation has approved a $2.6 million grant to fund “blended learning” in eight Innovation Zone schools.

An ‘Epiphany’ for Legislators on In-State Tuition

Tina Sharma grew up in Tennessee, graduated from Martin Luther King High School in Nashville and enrolled at Belmont University. She calls the Volunteer State home.

Indie Music Shops Prepare for Record Store Day

Memphis’ stalwart independent record shops are preparing for their moment in the sun this weekend.

Wharton, Strickland Top $250,000 in Campaign Accounts

As they prepare to pull qualifying petitions for the October ballot, Memphis Mayor A C Wharton Jr. and challenger Jim Strickland each have more than $250,000 in their campaign accounts.

Job Search

Multicultural expo connects candidates with diverse backgrounds

On Sunday, about 1,400 Memphians seeking jobs and internships flocked to the Hilton Memphis for the 2nd annual Multicultural Career Expo. They met with human resources professionals from 50 local companies that are seeking a diverse roster of candidates.

Shafer Seeking County Property Tax Rate Reduction

The chairwoman of the Shelby County Commission’s budget committee is hoping to reduce the county’s property tax rate by the time the commission approves a budget for its new fiscal year that begins July 1.

Density Key to Central Station Timing

The redevelopment plan for Downtown’s Central Station is the expansion of the South Bluffs development of the 1990s. Or it is a bridge connecting the transformation of the old Cleaborn Homes public housing development to the east and maybe Foote Homes to come.

Memphis Banks Move to Issue More Secure Plastic

When it comes to banking innovations, 2015 is increasingly looking like the year of the chip card.

Farming Quality

Roots Memphis works to train and launch a crop of values-driven farmers

Starting in August, a new crop of would-be farmers will settle in for a few months of classroom instruction led by the Roots Memphis Farm Academy, a sustainable farming incubator working to train and launch new farmers in the Memphis area.

Pinnacle Awards Honor Commercial Real Estate Standouts

The local commercial real estate community gathered at the Memphis Botanic Garden Thursday, April 9, for the 14th annual Pinnacle Awards. Every year, the Memphis Area Association of Realtors Commercial Council honors its members based on their transactional volume, merit and community activity.

New Strategy Aims to Boost Police Ranks

Police service technicians, the khaki-wearing civilian police employees of the 1980s and 1990s, will return to Memphis streets in the fiscal year that begins July 1 in the Memphis Police Department’s budget request.

I Choose Memphis: Rodney J. Rowan

“I Choose Memphis” spotlights Memphians who are passionate about calling this community home. New Memphis Institute provides the profiles.

SPORTS

Predicting the NBA Playoffs: LeBron Doesn’t Win Another Ring

Grizzlies coach Dave Joerger, when asked to offer an opinion on the most deserving candidate for NBA Most Valuable Player, recoiled, laughed, and took a pass.

Gasol Keeps Grizzlies at Home for Game 1 of Playoffs

Why not make Fan Appreciation Night simple?

Tigers Notebook: Paxton Lynch Stays Sharp in Spring Game

Paxton Lynch completed 18-of-23 passes for 207 yards and two touchdowns at Friday Night Stripes held at Liberty Bowl Memorial Stadium.

Spring has Sprung Mixed Success for Vols

Turn on local TV news in Knoxville, and University of Tennessee spring football is the usually the lead story.

NEWSMAKERS

Kiesewetter Joins Fisher Phillips Law Firm

Jay W. Kiesewetter has joined the Memphis office of Fisher & Phillips LLP as senior counsel. In his new role, Kiesewetter advises clients on issues related to union organizing and elections, arbitrations, negotiations, strikes, lockouts and Labor Board charges.

REAL ESTATE RECAP

REIT Acquires Three Hotels for $39.6 Million

7905 Giacosa Place, 5320 Poplar Ave. and 7855 Wolf River Boulevard, Memphis, TN, Sale Amount: $39.6 million -
A New York-based real estate investment trust has acquired three hotels in the Memphis area for $39.6 million.

SMALL BUSINESS

Technology Drives Global Growth for MSM Solutions

Rick Summers knows the value of adaptation. What started out as a side job being a Mid-South distributor for pricing guns and stickers has grown into a global company on the forefront of labeling technology.

LOCAL COLUMNISTS

Dead Reckoning 2015

GHOST OF A RIVER. Jimmy Ogle is a Memphis history savant. He knows things about our people that even they didn’t know.

The Power of the Follow-Up

As I reflect back on the past week, I’m reminded of the Multicultural Career Expo. Nearly 1,400 job seekers had the opportunity to connect with more than 50 employers.

Estate Planning and Your Collectibles

Ray's take: We’ve all heard those stories about someone inheriting Great Aunt Matilda’s Avon bottle collection and having no idea what to do with it. But the collection meant something to Aunt Matilda. She could have planned differently for her collection and it might have found a home with someone (or somewhere) who loved it.

Split-Second W Nails Record

“Done! Done!” That’s what I heard, almost simultaneously, as 300 voices cheered, 300 voices groaned, and 600 people stood and applauded. Including me, there on the front row in the Stamford, Conn., Marriott ballroom, venue of the 2015 American Crossword Puzzle Tournament.

Lessons Learned from $800 Million Cookie Franchise

I knew from the age of 7 that marketing was my destiny as I embarked on my first moneymaking venture, but I hadn’t really reflected, until recently, on the combination of forces that in all likelihood nudged me down that path.

Sustainability Means Opportunity for Shelby County

Editor’s Note: This column will appear weekly throughout April in honor of Memphis and Shelby County’s Sustainability Month.

Returns Revisited

We last did a snapshot review of the various markets in February. With one full quarter of 2015 in the books, quarterly trading allocations complete, and earnings season just getting underway, it would probably be helpful to check in on the source of returns this month and this year in the global financial markets. First, let’s look at the broad equity markets. Unless otherwise noted, all returns are through April 9.

Five Thought-Provoking Questions to Ask Job Candidates

Part one of a two-part series. Need a magic cure for nonprofit fundraising blues? Hire fundraising staff. That’s it. Problem solved. Time to get back to what we were focusing on before we “got sidetracked” into all this fundraising. Ah ... if only that were the case.

The Perils of Pure Advertising for SMBs

Many first-generation small and mid-sized businesses get confused about the differences of advertising and marketing. After the founders come up with a name, marketing is an afterthought for too long.

TENNESSEE LEDGER
Nashville Edition

‘Pioneering is a Bitch’

Longtime business owners, residents squeezed out of hot neighborhoods

Christy Shuff was robbed on the night she moved some equipment into her soon-to-open new business, Rumours Gallery, on 12South Avenue.

1 Million New Residents: Where Will They Live?

At least 1 million people are expected to move to the Nashville region over the next 20 years. Already, the early arrivals have begun to dramatically change the landscape of the suburban counties surrounding the city.

What’s Better for Commuters? More I-24 Lanes or Monorail?

With growing population comes increasingly congested commuter traffic, and the Rutherford County corridor between Nashville and Murfreesboro along I-24 is considered the most congested in Middle Tennessee.

Disaster Drought Might Net Insurance Savings

I should probably knock on a rather large piece of wood as I write this, perhaps a California Redwood, but here goes:

Knoxville Edition

Dogwoods & Elvis

Janet Testerman shares lifetime of festival memories

Dogwood Arts Festival President Janet Testerman’s family lore with Knoxville’s spring celebration goes back to the days of Elvis when he was a showstopper at the event. Her mother, also named Janet, had the once-in-a-lifetime chance to meet the King.

Festival Spotlights Student Artists, Artwork

Regardless of whether East Tennessee secondary students decide to pursue art as a career, the Dogwood Arts Festival gives them the opportunity to feel the excitement of having their work professionally framed and publicly displayed as part of Synergy, the annual art exhibit.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 313 4,762
MORTGAGES 97 409 6,640
FORECLOSURE NOTICES 34 147 1,475
BUILDING PERMITS 0 705 11,294
BANKRUPTCIES 53 311 4,525
BUSINESS LICENSES 41 177 1,983
UTILITY CONNECTIONS 64 436 6,253
MARRIAGE LICENSES 19 132 1,373

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The Memphis News: Business, politics, and the public interest.