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VOL. TMN-6 | NO. 47 | Saturday, November 16, 2013
Weekly Issue

Lead Local

Memphis institutions staying close to home for top executive searches

The T-shirt is plain and black with a simple logo that reads “Eat Local,” and if you see someone wearing it, the chances are pretty good they work at a locally owned restaurant.

Editorial: Leadership Change Needed at MATA

It’s a coincidence that this week's cover story is on leadership, as word came of the planned retirement at year's end of William Hudson, president of the Memphis Area Transit Authority.

EMPHASIS Financial Services

Community Impact

Banks, financial institutions sponsor and help fund civic efforts throughout community

Attendees on the opening night of the Indie Memphis Film Festival a few weeks ago saw splashed on movie screens, before their features got underway, the logo of Memphis-based investment firm Duncan-Williams Inc. and its two-word motto of “Do Well.”

Howell Handles Tax Burdens for Small Businesses

Imagine having to calculate the sales tax for your product sold across every state in the country.

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Banks Tweak Checking, Online Options

As the two banks with the biggest customer deposit shares in Memphis, First Tennessee Bank and Regions Bank must stay closely in touch with their clients’ checking and online banking needs.

SMALL BUSINESS SPOTLIGHT

Family Roots Keep Lipscomb & Pitts on Path

Lipscomb & Pitts was founded on Oct. 1, 1954, by Mathew Lipscomb Jr. and John Pitts, both veterans of World War II who had come home to become the top two sales leaders in the southeast for Liberty Mutual Insurance Co.

THE MEMPHIS NEWS ALMANAC

This week in Memphis history: November 15-21

2012: On the front page of The Daily News, civic leaders in Millington formally opened the long-awaited extension of Veterans Parkway north of Navy Road.

Tax Dead Dilemma

Vacant properties causing headaches thanks to owed taxes

The brick church at 299 Chelsea Ave. in North Memphis shows up in records at the Shelby County Assessor’s office as “vacant land.”

Cardinals Announce AutoZone Deal Before Council Vote

The St. Louis Cardinals baseball organization has a tentative deal with the Memphis Redbirds Baseball Foundation and the city of Memphis in which the Major League Baseball organization would buy the Memphis Redbirds team and city would buy AutoZone Park.

ServiceMaster to Spin Off Struggling TruGreen

The ServiceMaster Co. plans to spin off its TruGreen lawn care business at the end of 2013 after several years in which the Memphis-based collection of residential- and commercial-services companies has struggled with the right business model for the TruGreen brand.

Humane Aid

Mobile unit would put dent in homeless animal numbers

The Humane Society of Memphis & Shelby County wants to take its spay and neutering services to the streets, but the nonprofit organization needs the help of local businesses to get the initiative rolling.

Olymbec Acquires 13-Building Bellbrook

Olymbec USA LLC has snatched up two more key Memphis properties, including the 1.8 million-square-foot Bellbrook industrial park.

Shelby County Homebuilding Slows in October

Shelby County homebuilding activity cooled in October, with builders filing fewer permits and selling fewer new homes compared to October 2012.

Builders Showcase

Early crowds strong for Vesta Home Show

The Vesta Home Show kicked off over the weekend, with large crowds turning out to explore six new homes in a gated Germantown community.

Shelby County Home Sales Decline in October

Shelby County home sales slowed slightly in October, with Realtors selling fewer homes compared to the same month last year, according to real estate information company Chandler Reports.

The Mighty Olive Opens at Laurelwood

A new food and grocery business opening in the Laurelwood Collection this week will seek to draw in foodies and health-conscious shoppers with a distinctive product focus.

Suburban Prospects

Germantown’s amenities shape its future

Walker Taylor’s business philosophy is a simple one, and it’s helping keep his Germantown-based restaurant a must-visit for diners from around the world.

Weirich Opens Re-Election Campaign

There were lots of judges on hand as Shelby County District Attorney General Amy Weirich opened her re-election campaign Sunday, Nov. 10.

Cormier Brings Asthma Research to UTHSC

More than $2.5 million in research grant money has been transferred to The University of Tennessee Health Science Center following associate professor Dr. Stephania Cormier’s move to the college earlier this year.

Campus Revival

University of Tennessee Health Science Center outlines master plan

The University of Tennessee Health Science Center hosted a public information session on the development of its new campus plan last week at the Student-Alumni Center Dining Hall on its Midtown campus at 800 Madison Ave.

Overton Square Momentum Connects With History

If you think Midtown’s recent momentum, particularly in and around Overton Square, is real growth, you are right.

New Parking Meters Ready for Debut

After years of talking about new parking meters and more aggressive enforcement of the Downtown and Medical Center on-street parking governed by the meters, city leaders thought it best to bring out the new meters as proof that the change is actually about to happen.

SPORTS

Looking for Last Season’s Grizz to Make Appearance … Now

The Grizzlies are going out on a four-game road trip that starts with a Friday, Nov. 15, game in Los Angeles against the Lakers. Maybe a change of scenery will do them good. After a 3-5 start to the season that feels even worse than the record, a change of scenery is as good an idea as any.

Dear Nick

An open letter to America’s Best Coach …

MEMPHIS STANDOUT

Daush Takes Love of Teaching to Association Leadership Role

Barbara Daush, president of St. Agnes Academy and St. Dominic School, has recently been named chairwoman of the Southern Association of Independent Schools.

MEMPHIS LAW TALK

Kelly Garners Accolade for Pro Bono Work

To wrap up October as Pro Bono Month, Pamela Williams Kelly of the Law Offices of Pamela Kelly was presented with the Celebrate Pro Bono Award from the Memphis Bar Association Access to Justice Committee and the Memphis Area Legal Services Pro Bono Project.

MEMPHIS NEWSMAKERS

Sesley-Baymon Named CEO of Memphis Urban League

Tonja Sesley-Baymon has been appointed president and CEO of the Memphis Urban League by its board of directors. Sesley-Baymon, who has worked with the league for eight years, previously served as programs director for the 70-year-old organization. In her new role, she will provide executive leadership to the league and advocate on behalf of social justice and economic issues affecting Memphis.

REAL ESTATE RECAP

CubeSmart Sells Storage Facility for $7.9 Million

2700 Poplar Ave., Memphis, TN 38112, Sale Amount: $7.9 million -
Wayne, Va.-based self-storage real estate investment trust CubeSmart LP has sold the U-Store-It facility at 2700 Poplar Ave. in the 38112 ZIP code for $7.9 million.

LOCAL COLUMNISTS

We’ll Get There

IT’S NOT THE RIDE. IT’S THE DESTINATION. The guy driving this thing is from Chicago. And the way they get places in Chicago isn’t pretty.

Go Homemade This Christmas

Ray’s Take Black Friday may be getting close, when the rush of holiday shopping begins in earnest, but I’m already seeing decorations up. You could do yourself, your wallet and your loved ones a big favor by skipping all the crowds, hassles and budget-busting store temptations by dedicating this season to a homemade Christmas.

Haiku With Cartoon Twist

HOT SPRINGS, ARK. – “Old Pond” cartoonist / big hit at haiku Hot Springs: / Jessica Tremblay.

Reverse Engineer for Patent Proof

A patent is a property right over an invention, designed to prevent others from gaining free access to technology they did not develop. Owning a patent deters infringement but sometimes requires monitoring the marketplace to enforce its patent.

Five Ways to Tick Off Google

Google holds the title of world’s most powerful search engine with comScore reporting an estimated 13 billion searches in July of this year compared to the next largest competitor, Bing, with 3.5 million. It’s no wonder why businesses of all sizes are allocating significant financial and labor resources toward improving their Google search rankings, a practice called search engine optimization, or SEO.

Keep Your Eye on the Ball

Markets bounced around a bit last week due to the continued volley between economic/earnings expectations and interest rate expectations. As a market observer, you must fully grasp this dynamic to translate daily volatility.

Are You Ready to Retire?

With an estimated 10 percent of the workforce employed in the nonprofit sector, retirement benefits can be a factor that impacts individual employees as well as the nonprofits they work for.

Teachers’ Voices Matter

I recently experienced one of the proudest and most poignant moments of my career as an educator during the Elevating and Celebrating Effective Teaching and Teachers (ECET2) convening, a teacher-inspired, teacher-led conference held Nov. 7 and 8 at the Mid-South Convention Center in Robinsonville, Miss.

Parts or Whole?

What do you call a single cell in a huge body acting counter to the general flow of a body? A rebel cell.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 66 180 11,618
MORTGAGES 81 223 15,202
FORECLOSURE NOTICES 21 68 2,979
BUILDING PERMITS 0 392 27,646
BANKRUPTCIES 90 218 11,180
BUSINESS LICENSES 26 63 4,101
UTILITY CONNECTIONS 99 422 16,906
MARRIAGE LICENSES 19 62 3,526

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