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VOL. 129 | NO. 165 | Monday, August 25, 2014

Daily Digest

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Trumbo Files Permit for Fabrication Shop

Locally owned custom fabrication company Trumbo Inc. has filed a $3.8 million permit with the city-county Office of Construction Code Enforcement to build a 32,870-square-foot fabrication shop at its 1106 Kansas St. property.

The company owns several buildings totaling 99,743 square feet on its 6.6-acre campus at the northeast corner of Kansas Street and West McLemore Avenue.

The Class C property was built in 1965 and has a 2014 appraised value of $530,600, according to the Shelby County Assessor of Property.

Founded in 1949 by L.C. Trumbo, the company is a “custom fabricator of ASME Code pressure vessels, heat exchangers, sterilizers, process piping and storage tanks,” according to its website.

Trumbo is also listed as the contractor.

Source: The Daily News Online & Chandler Reports

– Daily News staff

TriMetis Acquires Biologistics Startup

The pre-clinical research services company TriMetis Life Sciences has expanded by acquiring FoundationBio, a biospecimen procurement startup with offices in Memphis and Boston.

FoundationBio uses access to tissue donors via hospitals and community oncology clinics and their supporting pathology and laboratory services partners around the world to get specimens for research. Terms of the deal were not disclosed.

The acquisition brings total employment at TriMetis to seven, including the relocation of Jon Wetzel, chief operating officer of TriMetis and FoundationBio, to Memphis. TriMetis expects to hire an additional five to 15 employees during the next six to 12 months.

– Andy Meek

Election Commission to Certify August Results

Shelby County Election Commissioners meet Monday, Aug. 25, to certify the results of the Aug. 7 county general and state and federal primary elections. The unofficial results from the election night count have been audited since then and election commissioners will review those results and vote on certifying them.

The meeting is at 4 p.m. at the election operations center, 980 Nixon Drive.

– Bill Dries

Memphis Habitat, Lowe’s Host How-To Clinics

Habitat for Humanity of Greater Memphis and Lowe’s are teaming up to host clinics and a build kickoff party.

Memphis Habitat and Lowe’s will host the free how-to clinics and kickoff celebration on Thursday, Aug. 28, at 5 p.m. at Memphis Habitat, 7136 Winchester Road.

Clinics will be held in the Memphis Habitat parking lot from 5 p.m. to 6:30 p.m. and will focus on painting and working with hardware and power tools. A short program to celebrate the kickoff of Habitat’s 2014 building season and Habitat homeowners’ graduation from homebuyer education classes will be held immediately following the clinics.

Lowe’s awarded a $70,000 grant to Memphis Habitat as part of Habitat’s Neighborhood Revitalization effort to serve more families through community development partnerships. Memphis Habitat will use the funds to construct new homes, beautify existing single-family properties and demolish vacant properties in the Uptown neighborhood.

For more information on Thursday’s event, visit memphishabitat.com. Individuals interested in volunteering for future Habitat projects can visit habitat.org/lowes or sign up at the event.

– Amos Maki

Unemployment Rate Up in Memphis Area

The unemployment rate in the Memphis area increased in July, mirroring a statewide rise in unemployment.

The unemployment rate for the Memphis area in July was 8.9 percent, up from 8.7 percent in June and 7.5 percent in May, according to the Tennessee Department of Labor and Workforce Development. While the unemployment rate rose to 8.9 percent in July, it is still down from 9.6 percent in July 2013.

In Shelby County, the unemployment rate hit 9 percent, up from 8.8 percent in June but down from 9.8 percent in July 2013. The rate in Fayette County was 7.9 percent, up slightly from 7.8 percent in June, and the rate in Tipton County was 8.5 percent, down from 8.6 percent in June.

Tennessee’s preliminary unemployment rate for July was 7.1 percent, up from the revised 6.6 percent rate in June, according to the department.

Nationally, the preliminary rate for July was 6.2 percent, up from 6.1 percent in June.

While the statewide unemployment rate increased in July, it is down through the first seven months of the year. Year to date, Tennessee's unemployment rate has decreased from 8.4 percent to 7.1 percent, mirroring the nationwide drop from 7.5 percent to 6.2 percent.

– Amos Maki

Rock for Love 8 to Be Held Sept. 5-7

Rock for Love 8, the eighth annual Church Health Center benefit concert weekend, is set for Sept. 5-7 at Crosstown (block party), Overton Square and the Levitt Shell.

Friday’s Crosstown block party will feature a rare headlining appearance from the Dirty Streets at the Hi Tone. Earlier in the night, bands will perform at Crosstown Arts, Amurica, the Church Health Center’s bay space and on an outdoor Visible School stage. The night will also feature food trucks, a hula hoop luau, flea market, comedy, art exhibition and more.

Southern-rock legends Black Oak Arkansas will headline Saturday’s Overton Square Tower Courtyard stage after a family-friendly day party featuring the Stax Academy Band, Paul Taylor and the Mighty Souls Brass Band. After the main stage goes quiet, Al Kapone will host a hip-hop revue after-party at Hattiloo Theatre.

Sunday’s Levitt Shell finale will feature the Grifters, Impala and Mark Edgar Stuart.

With the exception of Friday’s Hi Tone show and Saturday’s after-party, all shows are free, but donations are encouraged.

For more information about Rock for Love 8, visit rockforlove.org. For more information about the Church Health Center, visit churchhealthcenter.org.

– Don Wade

UTHSC Researcher Wins Heart Association Grant

Dr. Dong Wang, assistant professor in the Department of Medicine at the University of Tennessee Health Science Center, has received a four-year grant totaling $308,000 from the American Heart Association. The award will be used to support a project titled “The Corin-ANP Axis in Myocardial Infarction and Ischemic Cardiomyopathy.”

Wang’s research is aimed at explaining the role of the Corin-atrial natriuretic peptide (ANP) system in heart attack. ANP is a cardiac hormone involved in regulation of blood volume and blood pressure. Corin is a newly discovered enzyme that generates ANP in the heart.

Wang and his research team are trying to understand the functional role of Corin and its correlation with ANP in a rodent heart attack model that mimics human disease.

– Don Wade

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 242 14,959
MORTGAGES 111 255 19,585
FORECLOSURE NOTICES 21 43 3,838
BUILDING PERMITS 153 512 35,842
BANKRUPTCIES 61 182 14,216
BUSINESS LICENSES 18 104 5,095
UTILITY CONNECTIONS 76 246 21,679
MARRIAGE LICENSES 16 75 4,632

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