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VOL. 124 | NO. 115 | Monday, June 15, 2009

Daily Digest

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American Yeast to Expand Frayser Warehouse

American Yeast Corp. will expand its warehouse at 2405 N. Second St. in Frayser. The company last week filed a $949,000 permit application with the city-county Office of Construction Code Enforcement for the addition, bringing a 15,000-square-foot building to its 185-acre property.

The company in 2001 was granted payment-in-lieu-of-taxes (PILOT) status by the city-county Industrial Development Board to build a 75,000-square-foot manufacturing facility, which sits on the bank of the Mississippi River just south of General DeWitt Spain Airport.

Standard Builders Inc. is general contractor for this addition; Tony Vaccaro of Standard Builders said the project will take three to four months.

“All this is is just a storage warehouse. It’s about a 15,000-square-foot job,” Vaccaro said. “And they’re going to have a little small office in it, but it’s mostly just for storage. It’s 15,850 (square feet), I think. It should be completed about Oct. 1 or so.”

Vaccaro said Thompson Engineering is the architect for the project.

Source: The Daily News Online & Chandler Reports

Ethics Merger Bill Headed to Full Senate

A proposal to merge the Tennessee Ethics Commission and Registry of Election Finance is headed for a full Senate vote.

The measure sponsored by Republican Sen. Bill Ketron of Murfreesboro was approved 6-4 by the Senate Finance Committee Friday. The companion bill is awaiting a vote in the House Finance Committee.

The Ethics Commission is scheduled to go out of business at the end of this month. It was the centerpiece of ethics reforms adopted in a special legislative session that followed the FBI’s Tennessee Waltz corruption sting in 2005, which led to convictions of five former lawmakers.

Supporters of merging it with the registry say it will make the groups more streamlined and economical. But opponents say the roles of both entities are different and they should remain separate.

2 Ogletree Deakins Attorneys Ranked in 2009 Chambers USA

Two attorneys in the Memphis office of the law firm Ogletree Deakins Nash Smoak & Stewart PC recently were ranked in the 2009 edition of Chambers USA.

Shareholders Frederick J. Lewis and Whitney King Fogerty were named leaders in the field of labor and employment law. Each attorney received high marks for their leadership abilities.

Also, the firm was ranked as one of Tennessee’s best law firms in the 2009 edition of Chambers USA. Ogletree Deakins was recognized in the annual publication by peers and clients for “outstanding performance in the area of labor and employment law,” according to a statement released Friday by the firm.

Hyde Foundations Provide Grants to ArtsMemphis

The Hyde Family Foundations will provide a dollar-for-dollar match on new memberships for ArtsMemphis’ 2009 membership campaign.

The Hyde Family Foundations will provide $75,000 to match new individual memberships of any amount for a total of $50,000 and new memberships through employee-giving programs and small-business gifts of up to $25,000. Small-business gifts must be at least $250 to qualify for a match.

The foundation also will match an employer’s match on a new employee’s membership.

Matching grants are for memberships secured during the 2009 calendar year.

Funds from ArtsMemphis are used to provide support for performing and visual arts organizations, community projects with an arts focus and to sustain the Arts for Children & Teachers arts education program in the Memphis City Schools.

REG Partners to Form Mouth of tha South

Resource Entertainment Group has partnered with Mouth of tha South Entertainment Group to form a new booking agency and event production company. It’s called Mouth of tha South, and it will produce hip-hop, R&B, rap, soul and funk entertainers and events.

Its CEO will be Artemis “Peppa” Williams, and Resource Entertainment Group will provide administrative support, bookkeeping, financial management and other services. REG’s Howard Stovall will serve as chief operating officer for the new venture.

Sherwin Williams to Close Olive Branch Facility

Sherwin Williams Co. plans to close operations at the company’s Olive Branch facility by year’s end, affecting 157 employees.

Workers were informed of the closing Thursday.

Sherwin Williams bought the facility in 1996.

The plant, which manufactures and exports water-based paints, pigment paints, coating paints, Latex and spray paints along with anti-corrosive material treatments, formerly was known as the Formsby Refinishing operation, which had been in operation since 1978.

Sherwin Williams company spokesman Mike Conway said 37 of the plant’s 157 employees are eligible for retirement.

Conway said the slowdown in commercial and home construction had contributed to the decision to close the Sherwin Williams manufacturing facility.

Jericho Project Film Slated For Midtown Safety Group

The Midtown Security Community at its public meeting Wednesday will feature a short film at 5:15 p.m. on The Jericho Project, followed by an hour-long meeting focusing on crime prevention and public safety issues in Midtown neighborhoods.

Memphis Police Col. Billy Garrett, commander of the Union Station precinct, will speak at the business meeting, which begins at 5:30 p.m.

The Jericho Project identifies individuals in the jail system with serious mental illness and co-occurring substance addiction. The program finds treatment options for them.

The meeting will be at Rhodes College Library in Room 051. Enter the campus from the University Street entrance.

Newsprint Maker Pushes Back Reopening

A newsprint mill in Grenada, Miss., won’t resume production in June as previously announced.

General Manager Wade Taylor said the plant is building its lumber supply for a reopening in July.

Taylor said it will shut down from May 11 to June 11.

The AbitibiBowater facility employs about 200 people. The company is the largest producer of newsprint in the world. The plant opened in Grenada in 1989.

Taylor said the plant, which was under temporary suspension in April, reopened long enough to fill 10 days of orders in May.

This is the fourth temporary suspension for the Grenada plant since January. AbitibiBowater filed for Chapter 11 bankruptcy protection in April. At times, it has provided newsprint to The Daily News.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 110 154 13,810
MORTGAGES 135 193 18,019
FORECLOSURE NOTICES 15 39 3,544
BUILDING PERMITS 430 430 32,733
BANKRUPTCIES 52 130 13,133
BUSINESS LICENSES 20 45 4,750
UTILITY CONNECTIONS 83 204 20,104
MARRIAGE LICENSES 0 33 4,230

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