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VOL. TMN-9 | NO. 30 | Saturday, July 23, 2016
Weekly Issue

‘Why Don’t We Start Our Own?’

New angel investment network launches to let women consider and fund business ideas

The diner-style restaurant planned for 2657 Broad Ave. is a bit unique as far as commercial real estate projects go.

EDITORIAL

Editorial: Compromise, Potential And Parkland Changes

Maybe a certain amount of distrust will always be present in the affairs of the park that stopped an interstate.

TAG Expects Truck Facility to be Operational by Mid-2017

TAG Truck Center is moving forward with a $28 million trucking facility at the former site of the Mall of Memphis. Contractor Linkous Construction Co. recently filed two building permits for TAG’s new headquarters.

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EVENTS

The city of Memphis will hold its first “We Mean Business” Symposium on Tuesday, July 26, from 9 a.m. to 2 p.m. at the Memphis Cook Convention Center, 255 N. Main St. Hundreds of small and minority-owned businesses will convene to learn about certification, registration and contracting opportunities with city government. Earl Graves Jr., president and CEO of Black Enterprise Magazine, will present the keynote. Free and open to the public. Seating is limited; RSVP to bdcinfo@memphistn.gov.

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ECONOMY

Q2 Data Show Strong Memphis Economy

From lending activity to bank data to anecdotal evidence from businesses in the area, the Memphis economy seems to be moving into the summer months from a position of strength.

EMPHASIS Construction

Boyle Completing Key Quadrant At Schilling Farms, Eyeing More Retail

Boyle Investment Co. is wrapping up construction on a critical corner of Schilling Farms that will bring more retail and encourage more office users to consider the development. The three adjacent projects fill in the southern quadrant of Schilling Boulevard and Winchester Road, a small part of the sprawling 443-acre, city-within-a-city in Collierville.

Land Bridge Project Could Transform Entire University of Memphis Area

The official planning phase has begun for the much anticipated $33 million University of Memphis land bridge, which will safely connect two sides of the university that are currently split by the Norfolk Southern railroad tracks and Southern Avenue.

Business Formed to Finish Germantown’s Enclave

Builder-developers John Duke, Mike Murphy, Chip Tayloe and Frank Uhlhorn, along with developer Dan Turley, formed a joint venture business to finish out The Enclave, a luxury estate home infill project they saved in Germantown after it had stalled during the Great Recession.

THE MEMPHIS NEWS ALMANAC

July 22-28, 2016: This week in Memphis history

1966: The “Where the Action Is” tour at the Mid-South Coliseum is topped by The Young Rascals along with Paul Revere & The Raiders, The Knickerbockers, The Critters, B.J. Thomas, Steve Alaimo and Tina Mason. The tour is an extension of the popular afternoon show hosted by the Raiders and produced by Dick Clark.

REAL ESTATE

Edge District Could See ‘Banner Year’

Two recently approved projects will bring more than $300,000 in public projects to the Edge District.

Frayser Landfill Owner Pulls Expansion Application, But Plans to Return

Amid public opposition, Memphis Wrecking Co. has withdrawn its application to expand its landfill near Whitney Elementary School in Frayser. This is the second consecutive time the company withdrawn its application with the Land Use Control Board before the board could consider the request.

ARTS & ENTERTAINMENT

2nd Bona Fide Blues Festival Keeps Lineup Local

John Gemmill, the president of the Memphis Blues Society, says there is a standard look to blues festivals – a poster with a guitar player and “fill-in-the-name-of-the-city blues festival,” and a lineup that includes performers from all over the place.

COMMUNITY

Astor Collection Documents Four Decades of Memphis’ Gay Community

Vincent Astor knows his way around the Memphis-Shelby County Room at the Memphis Public Library’s Benjamin L. Hooks Central Library.

After Baton Rouge Shootings, Week Begins With Prayer

A group of 16 ministers and religious leaders prayed for peace Monday, July 18, in the lobby of City Hall, the day after three Baton Rouge, La., police officers were killed and three others wounded in an ambush.

Black Lives Matter Movement Defines Itself Beyond Single Leader

The city’s Black Lives Matter movement doesn’t have a single leader or “figurehead” and shouldn’t be oversimplified, said a coalition of several groups involved in the protests.

Memphis Police Officers, Youth Discuss Ways to Improve Relations

As national headlines trumpet accounts of police-involved shootings, attacks on officers and related protests on an almost daily basis, a diverse group of Mid-South high school students met with Memphis Police Department (MPD) representatives Wednesday, July 20, to open the lines of communication and share their different perspectives.

DOWNTOWN

More Public Funding Comes to Explore Bike Share

The Center City Development Corp. doubled down on its commitment to launching a bike share program at its July 20 meeting.

HEALTH CARE

Infection Led Rhodes Junior to Health Care

Eight surgeries on her femur after suffering a serious staph infection in the seventh grade not only made trips to the doctor routine for Rhodes College junior Ellie Fratt, the experience also convinced her she wanted to be a health care professional herself.

MEMPHIS NEWSMAKERS

UTHSC Names Storgion Chair Of Physician Assistant Studies

Dr. Stephanie Storgion has been named chair of the department of physician assistant studies at the University of Tennessee Health Science Center. Storgion’s appointment comes as the department moves to the College of Medicine from the College of Health Professions, where it started two years ago. 

ECONOMIC DEVELOPMENT

Advance Memphis Aims to Provide Workers Economic Sustainability

“I’m always thinking about things through an economic lens,” said Steve Nash, executive director of Advance Memphis, at a recent tour of the nonprofit’s new location at 575 Suzette St.

GOVERNMENT & POLITICS

Morrison Orchestrates Overton Park Compromise

Before the Tuesday, July 19, Memphis City Council vote approving the Overton Park compromise, council member Worth Morgan commended fellow council member Bill Morrison for taking up the torch of trying to find a consensus between the Memphis Zoo and the Overton Park Conservancy.

Chism Readying 2018 Bid for County Mayor

Former Shelby County Commissioner Sidney Chism wants to be the Democratic nominee for Shelby County mayor in 2018, and he plans to begin his campaign after the November presidential election.

Funds Rolling In for 8th Congressional District Race

Five of the six major contenders in the Republican primary for the 8th Congressional District raised a total of $1.8 million from Jan. 1 to June 30 going into the critical last month of the campaign.

Snapshot: Rock ’N’ Soul Puts Album Covers in Your Face

An original 1970 mock-up of the iconic Rolling Stones “Tongue and Lip Design” logo by John Pasche is among the dozens of pieces of original album artwork currently on display at the Memphis Rock ’n’ Soul Museum. (Daily News/Andrew J. Breig)

FINANCIAL

Adjustable-Rate Loans See Resurgence

A loan product that loomed large during the financial crisis of 2007-08 is making something of a return to the local mortgage lending landscape, new data show.

Threlkeld Says Metropolitan Bank Going Back In Time With New Advisory Service

A conversation with Metropolitan Bank executives about a new business advisory platform the 9-year-old bank has just launched quickly turned into a talk about how much of a commodity business banking has become.

First Horizon Sees 12 Percent Gain in Net Income

First Tennessee Bank’s parent company in the just-ended second quarter pulled a repeat of its performance in the first three months of 2016, with profit, earnings per share, loans and deposits all up over where they stood at this time last year.

STARTUP CONFIDENTIAL

Egwuekwe: ‘Expand Your Networks’

As a kid growing up in Memphis, Meka Egwuekwe remembers his first computer clearly: It was from Texas Instruments, the kind Bill Cosby was selling on TV. He played games for six months, then, bored, he pulled out the instruction book and began learning to program in a language called BASIC. 

THE TIPPING POINT

Jones Teaches Tech to Underrepresented Minorities

On a blistering Friday in early July, in a colorful classroom at Lester Community Center, 25 middle-schoolers are getting a crash course in data encryption. “Who can tell me the difference between a black-hat hacker and a white-hat hacker?” asks Audrey Jones, standing at the front of the room.

RETAIL

New Center to Capitalize on Strong Retail Demand

The shopping center at 6450 Poplar Ave. is fully constructed with tenants opening as soon as next month.

REAL ESTATE RECAP

Bank Building Set To Become Boutique Hotel

158 Madison Ave., Memphis, TN 38103 -
The former Leader Federal bank headquarters will be converted into a boutique hotel.

SPORTS

Will Mariota’s Second Season Resemble Luck or RG3?

The Tennessee Titans’ offensive playbook has been rewritten. The verbiage for calling plays has been edited. The line has been revamped with three new starters.

Dobbs’ Health is Priority No. 1 on Road to Being No. 1

Tennessee’s football team had nine players earn All-SEC preseason honors and got the nod as favorite to win the East Division as SEC Media Days concluded last week in Hoover, Alabama.

LOCAL COLUMNISTS

We Are They

THERE IS NO OTHER, OTHER THAN US. They came for them. They came for us.

Emotions of Retirement – Are You Ready?

Ray’s Take: How prepared are you for the emotional side of retirement?

Oklahoma City Districts Worth A Visit

Sitting under an umbrella at a little pizza joint in the Paseo Arts District it’s hard to imagine I’m in Oklahoma City.

At the Desk, But…

“Author’s obstacle.” Twelve letters. Hint: I prefer neither to say nor write the two-word answer.

Leadership Allowed Durham Sleaze To Fester for Too Long

The Tennessee attorney general’s sexual harassment investigation of Republican Rep. Jeremy Durham dragged halfway through the summer. Now we know why.

Would You Work for Free?

Last week, I had the good fortune to attend a work conference in Chicago. It wasn’t your average work conference though. Attendees wanted to be there. In fact, their companies didn’t pay for them to go. Attendees paid their own way. And they went to all of the workshops offered – even at the end, when everyone was tired.

Mapping the DNA of High-Performing Sales Talent

Sales linguistic expert Steve W. Martin reveals, in the Harvard Business Review, the results of a fascinating study of the commonalities present in high-performance salespeople. His findings are the result of extensive analysis of more than 1,000 salespeople across the country. Those achieving 125 percent of their prior-year sales goal were considered high achievers, and it’s their common traits that give us insight into both the attributes to seek in the hiring process and the qualities to nurture on the job.

Real Magic: The Power of Words

Editor’s note: Second in a two-part series. In part one, we explored how language and our relationship with words has limited the growth and development of organizations and human capacity. Now, we discover why expanding these things make a positive impact.

Nonprofits Can Help Mid-South Heal

We are no different from you, our readers. We have been grappling with emotions, engaged in conversations, and reflecting on our role – and the role of the nonprofit sector – during these times of protest and grief.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 73 391 11,120
MORTGAGES 88 481 13,903
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 198 969 24,034
BANKRUPTCIES 54 288 8,432
BUSINESS LICENSES 29 126 3,771
UTILITY CONNECTIONS 67 536 13,457
MARRIAGE LICENSES 17 103 3,031

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