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VOL. TMN-7 | NO. 22 | Saturday, May 24, 2014
Weekly Issue

Selling Memphis

Economic development agencies fine-tune incentive process

Not too long ago, Dudley Boyd, president and CEO of National Bankers Trust, entered a conference room at the Greater Memphis Chamber’s office at the Falls Building Downtown.

Editorial: Economic Success Hinges on PILOT Restructuring

The Greater Memphis Chamber is once again venturing into political waters and taking stands on issues like the proposed move of city employees to a defined contributions pension plan.

EMPHASIS Health Care & Biotech

Medical Makeover

Medical Center transforming with $1.4 billion in investments

After suffering from years of benign neglect, a new, more invigorated Memphis Medical Center is finally beginning to take shape.

Grants Prove Bioworks is Delivering Good Results

One grant is good. Two grants are better.

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Alexander Addresses Device Tax Frustrations

When U.S. Sen. Lamar Alexander came to Bartlett in March to talk with leaders of several local biotech companies, he had a specific issue in mind – the medical device tax that is part of the Affordable Care Act, also known as Obamacare.

THE MEMPHIS NEWS ALMANAC

This week in Memphis history: May 23-29

2013: The Memphis Grizzlies lost to the San Antonio Spurs ending the NBA team’s historic run in the playoffs after having defeated the Los Angeles Clippers and Oklahoma City Thunder in the first two rounds.

Compromise Allows Greensward Parking This Weekend

The Overton Park greensward will be used for overflow parking at the Memphis Zoo for one more weekend under a compromise announced Friday, May 23, by the Overton Park Conservancy.

Out With the Old

Public housing overhaul nears end with newest development

A small group of people gathered last week in the front room of a new Southwest Memphis housing development for senior citizens.

Kyocera Inks ProLogis Park Lease Renewal

ProLogis has landed a major renewal at one of its industrial parks.

May County Primary Results Certified

The closest race in the May Shelby County primary elections turned into a tale of the tape Wednesday, May 21, as the Shelby County Election Commission certified the results of that and all of the other races on the ballot.

Creative Works Conference Launching in October

A three-day conference for Memphis’ creative community is launching in the city later this year that includes a speaking roster of design, illustration, typography and other creative heavy-hitters from around the country.

City Budget Dispute Remains Staring Match

It was the first thing Memphis Fire Director Alvin Benson told Memphis City Council members Tuesday, May 20, during budget committee hearings.

Airport Artists

Memphis International showcases students’ works

Several years ago Richard White, vice president of properties and business development at the Memphis-Shelby County Airport Authority, noticed what he thought was a troubling trend.

Zoo Parking Controversy Continues to Accelerate

When the Memphis Zoo pulled its funding of a free trial shuttle Tuesday, May 20, the Overton Park Conservancy moved up the start date two weeks from June 7 to this Saturday, May 24.

Book Serves as ‘Love Letter’ to Memphis

Samantha Crespo has written her first book with a simple goal: to make readers fall in love with Memphis.

Wilkins Maps Different Challenge of Cohen

Ricky Wilkins is promising to match U.S. Rep. Steve Cohen’s energy level and be more of a presence in the district than Cohen if he upsets the incumbent in the August Democratic primary for the 9th Congressional District.

In Rhythm

Stern Cardiovascular doctors using new catheter technology

It started with ice cream 25 years ago, probably vanilla with chocolate sauce, because that’s his favorite. Or maybe it was pure coincidence, except that over the years Tim Lyles noticed a pattern.

20twelve Brings Style to Broad

There’s an energy in the Broad Avenue Arts District that Chantal Johnson insists “you just can’t bottle.”

Ashlar Hall Owner Hopeful for Building’s Rehab

The owner of Ashlar Hall says he would like to pursue renovation of the Midtown mansion and hopes he can find multiple tenants to fill the rehabilitated building, which would help offset the cost of repairs.

Letting it Ride

Jim Steffen bets on new mobile retail truck The Bikesmith

The bicycles aren’t the only thing with wheels in Jim Steffen’s new shop.

Southwest Adds Flight to Houston

Memphis International Airport is gaining another nonstop daily flight.

Arlington, Lakeland Superintendents Discuss Smaller Systems

The superintendents of the Lakeland Schools and Arlington Community Schools systems admit they haven’t been in the spotlight much in the coming schools demerger.

Economic Experts Offer Analysis, Forecast

A report from Fitch Ratings May 14 declared that going forward the U.S. economy will have to grow without the help it has enjoyed in recent years from things such as low interest rates and government spending.

‘Higher Level’

New Graceland hotel resort signals neighborhood’s evolution

Elvis Presley Enterprises CEO Jack Soden described his job last week as conveying the excitement he feels about the coming of a 450-room hotel next door to Graceland, while tempering that with the reality that while he wants to get it done as quickly as possible, it might be done in phases.

Brooks Reaction Seeks Way Back to Minority Business Issues

At the end of a turbulent week, Shelby County Commissioner Henri Brooks offered several alternate explanations for her remarks about Hispanics and their experience as minorities in Memphis.

NEWSMAKERS

Tracy Named IMC Chief Information Officer

Joel Tracy has been named the first chief information officer at IMC Cos., a national logistics company focused on international shipments. In his new role, Tracy will be responsible for delivering a broad range of IT initiatives in support of IMC’s logistics business.

REAL ESTATE RECAP

Ridge Lake Building Sold After Foreclosure

756 Ridge Lake Blvd., Memphis, TN 38120, Sale Amount: $2.9 million -
The 38,472-square-foot Ridge Lake Office Building at 756 Ridge Lake Blvd. in East Memphis has sold back to the lender for $2.9 million following a foreclosure.

SMALL BUSINESS

Mind Over Data Captures Imagination With Touch Screens

Mind Over Data is one of those Memphis companies that tends to fly under the radar, even though its high-tech handiwork can be found across the country and easily touches the imagination of people who encounter it.

SPORTS

Grizzlies Descend Deeper Into Unconscionable Chaos

Hard as it is to believe now, it was only May 3 when the Grizzlies last played a basketball game. Less than three weeks later, that Game 7 loss at Oklahoma City stands as the franchise’s last normal moment.

Pera’s Just Following Sports Owner Formula

Until recently, I figured if I ever won a huge lottery and became a gazillionaire, I would indulge my sports fantasy of owning a horse in the Kentucky Derby.

LOCAL COLUMNISTS

All the Colors

ALL IN HOW YOU LOOK AT IT. “What do you see in that?” she asked, pointing up.

Scaling Your Career

One of the most exciting career transitions job seekers make is changing industries. You may want to move from nonprofit to corporate or from a large organization to a small business. These moves expose you to a new workplace and can reenergize you if you’re feeling burnt out in your current environment.

Your Life in Five Years

Ray’s take: A typical job interview question is “Where do you see yourself in five years?” So should you be asking yourself this question in general? Is a five-year plan a must to your fiscal future?

Eye-Catching Reads

“I will not be venomous!” This is what I imagined to be the mantra of the reptile written about in Frankie Frisco’s “Second thoughts” sports column in the May 10 Arkansas Democrat-Gazette: “A Spurs official said the snake was determined to be non-poisonous ….”

Encouraging Company Volunteerism

Boosting workplace morale may be as easy as leveraging your team’s talents outside the office via volunteer efforts.

Selling to Connected Buyers

First in a two-part series. The buying experience has been completely reinvented over the last decade, and companies slow to adapt are losing revenue and market share as a result.

Diabetes and Importance of Eye Care

Diabetic retinopathy is the leading cause of blindness within the working population (age 20-65 years old). It’s estimated that 20.8 million people in the U.S. have diabetes and of those, 6.2 million are unaware they even have it.

Graduating to a Lifetime of Giving

Happy graduation! You did it! This column is for graduates and their families.

How to Get Unstuck From a Rut

Perspective is everything. In life and work life this adage proves true time and time again.

Entrepreneurial Eagles

It was a gathering of eagles. You know, the people who like to soar, and, more importantly, they like to push eaglets out of the nest so that they can also learn to soar.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 70 125 13,455
MORTGAGES 119 192 17,541
FORECLOSURE NOTICES 19 51 3,442
BUILDING PERMITS 0 623 31,553
BANKRUPTCIES 62 128 12,823
BUSINESS LICENSES 40 51 4,648
UTILITY CONNECTIONS 80 233 19,690
MARRIAGE LICENSES 25 69 4,129

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