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VOL. TMN-6 | NO. 29 | Saturday, July 13, 2013
Weekly Issue

Bumper Crop

Marshall County, Miss., attracting industrial development

Unless you see the signs, it is hard to tell when you have crossed the Tennessee-Mississippi state line where Fayette County, Tenn., meets Marshall County, Miss., not too far from the southern city limits of Collierville.

Editorial: Memphis Can Learn From Marshall County

There is something wrong with what passes for an economic development strategy in Memphis and Shelby County.

EMPHASIS Green

Green Shoots

Shelby Farms Greenline boon for local businesses, apartment complexes

The busiest time of the year along the Shelby Farms Greenline is also the busiest time of the year for Cheffie’s, an example of a business that is a direct beneficiary of being near the Tillman Street end of the greenline that extends east to Shelby Farms Park.

TVA’s Solar Balance Limits Have Riled Some Providers

The Tennessee Valley Authority has approved more than 250 renewable energy projects for the year 2013 across the multi-state region it covers.

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Lynch Steering Sierra Club’s Transportation Efforts

These days Dennis Lynch spends more of his time as a volunteer for the Sierra Club than he does with his consulting business, Lynch Business Advisors.

Kronos Aims to Bring Green Energy to All

Kronos Energy Solutions is hard at work on a new hybrid charging system for electric cars, which it hopes to debut in the next six to nine months, and the company is also making plans for possible expansion of its headquarters in Cordova by early next year.

No Bass Pro Signage On Pyramid's Northern Face

A revised plan for signage at The Pyramid by Bass Pro Shops shows the outdoor retailer has dropped plans for a large logo on the north face of the pyramid that faces the residential communities on Mud Island’s north end.

THE MEMPHIS NEWS ALMANAC

This week in Memphis history: July 12-18

2008: Bryan Jordan was named president and CEO of First Horizon National Corp., replacing Jerry Baker as leader of the parent company of First Tennessee Bank. First Horizon reported a $19.1 million loss for the quarter.

Rockin’ Summer

Big Star film headlines Levitt Shell movie series

Just shy of 40 years after the band Big Star last played at the Overton Park Shell, the short-lived Memphis band is about to have a bigger summer locally than it could have envisioned in 1974.

Wharton Fires Back at Budget Critics

Memphis Mayor A C Wharton Jr. said some critics of cuts this week in the Memphis Fire Department are the same Memphis City Council members who were critical of his administration for not cutting enough during the just-ended city budget season.

LeSaint Logistics Leases Space Near Airport

LeSaint Logistics LLC is entering the Memphis market, having recently leased 57,285 square feet at 3300 Jet Cove.

Work Begins on Baptist Women’s Pediatric Emergency Room

Baptist Memorial Health Care Corp. on Thursday, July 11, held a groundbreaking celebration to commemorate beginning construction on a new pediatric emergency department at Baptist Memorial Hospital for Women.

Historic Transformation

Victorian Village humming with activity after years of neglect

Around nine years ago Scott Blake was walking to St. Mary’s Episcopal Cathedral when he noticed a window in the tower at the historic James Lee House in Victorian Village had been blown out, exposing it to the elements.

Judge Prohibits Nineteenth Century Club Demolition

A Shelby County General Sessions Court judge has prohibited the owners of the historic Nineteenth Century Club building on Union Avenue from doing any demolition there while an attorney investigates if the sale of the building was legal.

Ardent Film Thriving Under Pekar’s Lead

In a few short years, Jonathan Pekar has created a formidable film department at Memphis-based Ardent Studios.

Branding Highlights South Main’s Mosaic

With a website launch this week and a year’s worth of preparation, the Downtown Memphis Commission is taking the next step in a developing awareness effort and branding campaign for the South Main Historic Arts District.

Removing Stigmas

La Paloma increases mental health options with outpatient center

Mental illness and addiction are common in the Mid-South and the rest of the nation, but about 60 percent of Americans don’t receive treatment.

Commission Awaits Next Budget Steps

When Shelby County Commissioners get together Wednesday, July 17, for committee sessions, they will probably begin to fill in some of the blank space left in the wake of their decision this week to vote down a $4.38 county property tax rate.

Fant Expands Farmhouse With New Space, Staff

For media, Web and strategy firm Farmhouse, 2013 has proven to be a breakout year.

Downtown Offices Gain Attention

The Downtown Memphis Commission focuses on living, working and playing Downtown.

Value Proposition

Memphis small businesses find values driving success

The secret ingredient at Kat Gordon’s East Memphis bakery is not a pinch of this or an extra stir of that.

Local Employers Get Reprieve With Affordable Care Act Delay

The Obama Administration’s decision to delay until 2015 a key requirement of the Affordable Care Act that larger businesses offer health insurance will temporarily give businesses in Memphis and elsewhere in the nation a reprieve.

'Cycle Tracks' Latest Bike Initiative for City

As the $33 million Main Street to Main Street project unfolds, the term “cycle track” is sure to be heard more.

Lemmonds Forges Ahead With New Enterprise

After years spent helping entrepreneurs bring their startups to life, Elizabeth Lemmonds has moved on from the organization now known as Start Co. and is working on a venture of her own.

Food Desert Oasis

South Memphis Farmers Market adding year-round greengrocer

Most urban neighborhoods in Memphis don’t have access to a traditional grocery store that offers fresh and affordable food.

Five Groups Bid for State Office Space

Five groups have submitted bids to become the new home to roughly 900 state workers.

Merger Pace Quickens at School Level

Deputy schools superintendent David Stephens has said it numerous times. “All hands on deck,” was his way of describing the approach to the consolidated school system’s preparations for the Aug. 5 start of classes.

City Budget Debate Shifts to Larger Issues

When city leaders gathered last week for the groundbreaking of renovation work on the James Lee House in Victorian Village, the talk among them was bound to turn to the city budget season’s recent end.

SPORTS

New Tigers Prepare for Year-Round, 24/7 Attention

Technically, they are next season’s Tigers basketball team. Truthfully, University of Memphis basketball is never out of season.

Goal Remains the Same for All Redbirds

Just a few days ago, Redbirds catcher Rob Johnson stood in the clubhouse at AutoZone Park and talked about the great year teammate Brock Peterson was having. Peterson, a first baseman, had just been named to the Pacific Coast League All-Star team.

MEMPHIS STANDOUT

Jensen Guided by Service to Neighbors, Community

While some companies have mission statements that stretch on for pages, Larry Jensen has boiled his firm’s strategic vision – and much of his outlook on life – down to a simple equation: FC3.

MEMPHIS LAW TALK

For Pool, Law Career Strikes Right Chord

Chances are good that you’ve seen attorney David Pool in action. Maybe not pacing the courtroom floor in front of a jury but in front of a raucous crowd at a late-night tavern. The in-house counsel for Drexel Chemical Co. came to the legal profession late, having been heavily involved in the local music scene with groups such as Pam and the Passions, and Carson & Pool.

MEMPHIS NEWSMAKERS

Daniels Takes on New Role at Greater Memphis Chamber

The Greater Memphis Chamber has promoted Amy Daniels to the newly created position of senior vice president, membership and communications. Daniels, who has worked at the chamber for 17 years, will now oversee the membership department while continuing in her prior role, leading the communications and programming department.

REAL ESTATE RECAP

Barnhart Buys Industrial Property for Expansion

2085 W. E. Freeman Drive, Memphis, TN 38114 -
Barnhart Crane & Rigging Co. has paid $2.6 million for the industrial property at 2085 W.E. Freeman Drive in the Defense Depot area as part of its local expansion.

LOCAL COLUMNISTS

15 Minutes in Memphis

MEG RYAN, AND 15 MINUTES IN MEMPHIS. The other day, I dropped in to see my jeweler. My jeweler. Has a nice ring to it, doesn’t it? Mine makes 75 bucks off me every single year. I mean, watch batteries aren’t cheap, and I’m going to sweat through at least one watchband every summer.

Perfect Harmony: MBA and MFA Mindsets

Business needs to bridge two universes together: the scientific process taught in schools that offer a Master of Business Administration degree and the creative process taught in Master of Fine Arts degree programs.

Trade Secrets: Important Assets

Just as patents and trademarks are important assets for a company, so are trade secrets. But trade secrets seldom generate much attention, mostly because there isn’t a federal registration system that formalizes and protects them. Yet, a trade secret is a valuable part of the manufacturing process since it is part of a product’s signature and, as such, can distinguish a company’s product from its competitors, as would a trademark or patented feature.

Get Real About Selling Your Home

Ray’s Take Selling your home is one of the biggest financial transactions you’ll probably make. It’s a time to stay cool and realistic. However, most of us have a big emotional investment in our homes alongside a significant financial one. You probably selected it because you loved it, were excited to move in and built special memories there.

Roaming Other Rivieras

MARSEILLE, France – I never expected those other Rivieras to look anything like those here in the States. (See last week’s column or risk being lost while reading this one. Hint: I’m on vacation.)

Stop Bargaining; Start Negotiating

Editor’s Note: This is the first in a two-part series. Most business professionals have taken a class or read a book to sharpen their negotiating skills. Unfortunately, what’s often taught is how to bargain versus how to negotiate – and the two are vastly different. Bargaining is about determining who’s right, whereas negotiating is about determining what’s right.

Investing in Fundraising Success

When the reality of “it takes money to make money” collides with shrinking budgets, nonprofits can face short-term and long-term revenue challenges. Consider the trend among some donors and funders to “restrict” their giving and grantmaking to programs, or direct services. This is a move away from “unrestricted giving” or “operating grants,” which allow a nonprofit to use gifts and grants where they are needed most.

Sick or Sane Mind?

I am fully aware that many people believe a clean desk is a sign of a sick mind. The opposing viewpoint is that a person’s external word is a reflection of their internal world. If the latter is the case, a quick look at many people’s workspace suggests that they are secretly (or more likely not so secretly to those around them) experiencing a tremendous amount of internal chaos and disorder.

New Bass Pro Sign Application Shows None On Pyramid'

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 0 76 4,504
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
MARRIAGE LICENSES 16 96 5,381

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