As the crowd of attendees at a preview party Monday night for Broad Avenue’s newest enterprise relaxed on couches, ordered drinks at the bar, and played video games like Super Smash Bros. – several of which were projected on a 120-foot-wide wall for collective viewing – one thing was readily apparent.
59. High Water - Friday, March 27, 2015
The city’s 3.3 miles of floodwalls and five miles of levees held in the 2011 near record rise of the Mississippi River at Memphis.
But in the four years since, the walls have continued to settle by as much as 18 inches in some places.60. Mortgage Market Up 8 Percent in February - Tuesday, March 17, 2015
Regions Bank saw a 14 percent gain in its mortgage volume year-over-year last month, a fact that Regions’ Memphis-area mortgage production manager Dean Puryear attributes to resurgent confidence in market conditions among consumers, as well as optimism in their own circumstances.61. Wave of New Retail Construction Boosts Contractors - Saturday, March 07, 2015
Retail development in the Memphis area is booming in what construction and retail officials describe as the most active period for retail construction since the recession, with everything from a massive outlet mall in Southaven to grocery stores and smaller, traditional retail centers going up.62. Rhodes Results - Wednesday, March 04, 2015
Capital campaigns are usually about buildings. And the just-completed capital campaign at Rhodes College includes a new science building that will break ground in the summer and complete the quadrangle of the private liberal arts college’s scenic campus.63. AutoZone Grows Second-Quarter Profit - Tuesday, March 03, 2015
AutoZone Inc. ended its fiscal second quarter with a profit of $211.7 million, up 9.8 percent over the same period in 2014, the Memphis-based car parts retailer announced Tuesday morning.64. ABB Creating 200 Jobs in Memphis - Tuesday, March 03, 2015
ABB, which bought Memphis-based electrical components maker Thomas & Betts in 2012 for $3.9 billion, is expanding its Memphis-area footprint.
The company said Tuesday, March 3, it plans to spend $30 million to build a new manufacturing site and expand its customer experience center for its low voltage products division here. Plans call for creating more than 200 jobs as a result of that investment, with another 100 jobs expected over the next five years.65. Real Estate Pros Upbeat - Saturday, February 28, 2015
After finally latching on to the broader national economic recovery in 2013, the Memphis-area commercial real estate market shook of the last vestiges of the Great Recession and roared back to life in 2014 with the office, retail, industrial and apartment sectors all producing solid gains.66. Editorial: Blossoming Food Scene Helping Revitalize Local Places, Tastes - Saturday, February 28, 2015
On the other side of a stubborn winter is a spring and summer when many of us will venture out more for food and drink and friends in a city that in recent years has come alive with a food scene that is breaking stereotypes about the Memphis identity.67. Developer Charlie Ryan Focusing on Central-Cooper Intersection - Tuesday, February 24, 2015
765 Tanglewood St.
Memphis TN 38104
Sale Amount: $27,000
Sale Date: Feb. 9, 201568. Kroger to Remodel Cordova Store - Saturday, February 21, 2015
Buyer: Charles S. “Charlie” Ryan
Seller: Cowles Development Company LLC
Details: Developer Charles S. “Charlie” Ryan has acquired a key piece of Midtown property.
Kroger is preparing to make significant improvements to a Cordova store.
The grocery giant has applied to the city-county Office of construction Code Enforcement for a $460,000 building permit to “remodel” the store at 1230 N. Houston Levee Road.69. Kroger Seeks $460,000 Permit For Cordova Store - Wednesday, February 18, 2015
Kroger is preparing to make significant improvements to a Cordova store.
The grocery giant has applied to the city-county Office of construction Code Enforcement for a $460,000 building permit to “remodel” the store at 1230 N. Houston Levee Road.70. Memphis Leading Cities In Women-Led Startup Programs - Tuesday, February 17, 2015
As a female serial entrepreneur, I experienced firsthand both the challenges and the opportunities of building a technology startup as a woman.
I started my entrepreneurial journey in 2004 and in 2013 joined Start Co. as an entrepreneur-in-residence because of the community’s focus on inclusion and empowerment of women. With the support of LaunchTN, City of Memphis, Assisi Foundation, FedEx, Start Co. Angels, and local partners like Baker Donelson, archer-malmo, The Marston Group and others, as a community we can see the impact and success of our acceleration and inclusion programs for women.71. Crosstown Crossroads - Saturday, February 14, 2015
Richard Spore and his colleague at the Memphis office of the Bass Berry & Sims law firm have worked on several ambitious, game-changing projects like the transformation of Overton Square and Bass Pro Shops’ redevelopment of The Pyramid.72. Lack of Innovation at Nonprofits - Monday, February 09, 2015
Through the Southern Growth Studio, I have the great honor to work with nonprofits. Big ones. Growing ones. And ones on the verge of collapse.
There is an odd tendency for almost all of these organizations to respond to innovations in the same way; they desire them deeply but are wildly timid. It’s a dizzying and paralyzing fear-based response. “What if it doesn’t work? I don’t know. …” They yearn to roll out a new program or re-create an experience that gets better results, but something nagging in the culture keeps them from enacting the very thing that may set them apart and catalyze their potential.73. Investing in Entrepreneurship Key to City’s Success - Wednesday, February 04, 2015
When approaching economic development in Memphis, it’s important to consider the impact that high-growth entrepreneurial companies have made locally and nationwide.
In fact, the Kauffman Foundation found that most net new jobs in the last 30 years have come from high-growth entrepreneurial companies.74. Best Rubber Stamp Presses On - Monday, February 02, 2015
In an age of online printing and paperless workplaces when commercial printers are struggling and transforming their businesses, you would think a company that makes rubber stamps would have a tough way to go.75. Editorial: Family Businesses Essential to Memphis' Destiny - Saturday, January 31, 2015
Locally owned businesses that endure over generations are a way of building the wealth that can transform Memphis.
It’s not a wealth that lives on Easy Street necessarily.
It is the kind of wealth that can, at times, make business owners wonder why they are pursuing the business that they, as children, watched their parents struggle with.76. Shelby County Foreclosures Dip 22 Percent in 2014 - Thursday, January 29, 2015
Foreclosures took an even sharper dive in 2014 than they did in 2013. Compared to a 15 percent slide from 2012 to 2013, over the past year residential foreclosures in the county slipped 22 percent, from 3,555 in 2013 to 2,787 in 2014, according to real estate information company Chandler Reports, www.chandlerreports.com.77. Invest Early - Wednesday, January 28, 2015
It would be true if you were talking about stock in Apple Inc., Google Inc. or Netflix Inc. And it is true when talking about children.78. Start Co. Teams With Innova Memphis - Friday, January 16, 2015
Start Co. has a new partner that’s bringing new funding with them to bolster the venture development organization’s efforts.79. Presley's First Record, 'My Happiness,' Auctions for $300,000 - Monday, January 12, 2015
MEMPHIS, Tenn. (AP) – An acetate recording of the ballad "My Happiness," the first song Elvis Presley ever recorded, sold at auction Thursday night for $300,000.
An undisclosed Internet buyer placed the winning bid at Graceland, the museum and tourist attraction that was Presley's former home. The auction was held on what would have been the late singer's 80th birthday.80. New Record Label Launches in Memphis - Friday, January 09, 2015
The team behind a new record label that’s launched in Memphis has big ambitions for what it describes as the “musical venture capital” the label wants to share with musicians.
Blue Barrel Records had a quiet launch of sorts in 2014, but it’s making moves this year to establish itself and plant its flag on the scene. Funding for the label comes from founder John Buford, who’s leading its A&R efforts alongside Memphis musician John Kilzer as well as Archer Records collaborators Ward Archer and Brian Dixon.81. UT Medical School Looking at Expansion - Thursday, January 08, 2015
NASHVILLE, Tenn. (AP) – The University of Tennessee Health Science Center says it is looking at expanding its program in Nashville.
The Tennessean reports UTHSC Chancellor Steve J. Schwab said in a statement that the institution, which is based in Memphis, is eyeing "a major construction project" that would bring allow it to attract more medical students to Middle Tennessee.82. Business Development - Monday, January 05, 2015
Today, Larry Colbert is president and CEO of Junior Achievement of Memphis and the Mid-South.
But in 1972, he was a high school student in a Junior Achievement program in Atlanta.83. Retailers Setting Eyes on Memphis - Tuesday, December 30, 2014
The Memphis-area retail sector, fueled by several new retailers entering the market and a massive amount of grocery-based activity, experienced a strong 2014.
Grocery store activity came into full bloom this year, with market leader Kroger investing heavily in its stores and higher-end, organic-focused chains targeting the market for growth.84. Memphis Resolutions - Saturday, December 27, 2014
The end of the year hastens a season of resolutions about the year ahead, resolutions about what to include on the blank canvas of a new year.
No matter who you are, the road to 2015 starts at the same place – through the experience of 2014. With that in mind, we surveyed many of the people we’ve covered in these pages in the last year to talk about the possibilities ahead.85. City, County Catch Late-Year Economic Development Surge - Wednesday, December 24, 2014
Through September, things were looking somewhat bleak for Memphis and Shelby County on the economic development front.
At that point in the year the city and county were on pace to tie a record low for the number of payments-in-lieu-of-taxes, or PILOT, agreements granted to companies in a year. While granting fewer tax incentives could be viewed as good news because companies were more fiscally sound or confident about operating in Memphis and Shelby County, the lower level of activity represented a dip in the level of economic investment in the area.86. Target, Cummins Awarded Tax Breaks - Friday, December 19, 2014
Two companies won approval Wednesday, Dec. 17, for tax incentives for projects that will create around 1,400 jobs.
The board of the city-county Economic Development Growth Engine approved 15-year payment-in-lieu-of-taxes, or PILOT, incentives for Target and Cummins Inc.87. Target, Cummins Awarded 15-Year Tax Breaks - Thursday, December 18, 2014
Two companies won approval Wednesday, Dec. 17, for tax incentives for projects that will create around 1,200 jobs.
The board of the city-county Economic Development Growth Engine approved 15-year payment-in-lieu-of-taxes, or PILOT, incentives for both Target and Cummins Inc.88. Target, Cummins Seek 15-Year Tax Breaks - Saturday, December 13, 2014
Memphis and Shelby County are offering generous tax incentives to attract and retain hundreds of jobs.
Discount retailer Target and Cummins Inc. are seeking tax breaks for projects that total 1,429 jobs.89. Target Bringing 400-Job Project to Memphis - Thursday, December 11, 2014
Memphis is poised to land hundreds of new jobs and retain several hundred more. Target will seek incentives from Memphis and Shelby County as early as next week for an online fulfillment center that will create over 400 new jobs.90. AutoZone Net Income Up 9.3 Percent - Tuesday, December 09, 2014
AutoZone kicked off its new fiscal year with another quarter of growth, posting increases in same-store sales and earnings per share that are typical of earning announcements from the Memphis-based auto parts retailer.91. Pickard Joins Explorations on Tentative 2015 Ballot - Tuesday, December 09, 2014
The contingency plans and other political maneuvering for the city of Memphis elections are well underway.
And a key part of the calculation is making plans for a change in plans.
Architect and planner Charles “Chooch” Pickard is one of several citizens running “exploratory” campaigns at this point.92. 10 Useless PR Tactics to Avoid in 2015 - Wednesday, December 03, 2014
The explosion of the Internet and the ensuing 24/7 news cycle combined with a significant reduction in reporting staff at most media outlets over the past decade has created a perfect storm driving a significant shift in public relations (PR) tactics that are effective and worth your time. If you are still deploying any of these tactics, make it your 2015 resolution to better invest your time for a better result.93. Why Corporate Innovations Fail - Monday, November 24, 2014
Iliya Rybchin of the Highnote Foundry and formally of Bloomberg discusses where innovations break down in the corporate world. He was stronger than a good cup of coffee.
He comes out swinging. Warning: "I'm going to offend some people here." The room perked up. Then, Rybchin notes the most critical points of failure.94. Expedient Data Centers Expands to Memphis - Thursday, November 20, 2014
Expedient Data Centers, a leading provider of cloud computing and other related services, has settled on Memphis as the site of its first data center in Tennessee.
Expedient currently operates 10 data centers in six markets, and its 11th is planned for 3180 Players Lane in Memphis, close to the TPC Southwind Golf Course and FedEx headquarters.95. Turner Looks to Increase Professional Advancement in Commercial Real Estate - Saturday, November 01, 2014
Bob Turner has a diverse background in real estate, including long stints in both residential and commercial development.96. No More ‘Hope and Prayer’ Marketing - Wednesday, October 29, 2014
The average company spends 3 to 5 percent of revenue on marketing, which is certainly not a trivial expense. Why, then, do so many companies invest so little time in the construction of the marketing plan that ensures that investment is well spent?97. Incentive Applications Lag Previous Years - Wednesday, October 22, 2014
Until a spate of activity this month, Memphis and Shelby County were on pace to tie a record-low for the number of payment-in-lieu-of-taxes agreements granted to companies in a year.
Through September, the city-county Economic Development Growth Engine, the primary business incentive body in Memphis and Shelby County, had awarded just four PILOTs, tied with 2006 for the lowest amount of PILOTs issued in a year since 2002. 98. EDGE Approves Trio of PILOT Tax Breaks - Saturday, October 18, 2014
Three companies – including a wing of Memphis-based FedEx – received tax breaks for projects in Memphis that total more than $25 million in capital investment and will create 272 new jobs.99. EDGE Approves Trio Of PILOT Tax Breaks - Friday, October 17, 2014
Three companies – including a wing of Memphis-based FedEx – received tax breaks for projects in Memphis that total more than $25 million in capital investment and will create 272 new jobs.100. Three Companies Seek PILOTs for Projects - Tuesday, October 14, 2014
Three companies – including a wing of Memphis-based FedEx – are considering investing more than $25 million in Memphis for new distribution operations that would create 272 new jobs.
“It's always good to see FedEx expanding and the other two projects appear to be new to Memphis,” said Kemp Conrad, principal of Cushman & Wakefield/Commercial Advisors. “This balanced growth is encouraging and we expect more good news later in the fourth quarter."