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VOL. TMN-8 | NO. 5 | Saturday, January 24, 2015
Weekly Issue

One Percent

How improving the percentage of minority business receipts in Memphis means changes on both sides of the equation

Majority and minority are volatile terms in Memphis.

Editorial: ‘We Come in Peace’

It doesn’t seem enough just to say the role of minority-owned businesses must be greater in the Memphis economy.

EMPHASIS Distribution & Logistics

Taxing Question

Should gas taxes be raised to pay for infrastructure improvements?

With gas prices in a historic plunge, the idea of hiking state and federal gas taxes and fees to pay for transportation infrastructure improvements is gaining traction.

Trucking Industry in ‘Desperate’ Need of Drivers

With demand on the upswing thanks to improving economic growth and lower fuel prices, a scarcity of truck drivers could put the brakes on the trucking industry and cripple a critical piece of global supply chains.

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EVENTS

Youth Villages Soup Sunday will be held Sunday, Jan. 25, from 11 a.m. to 2 p.m. at FedExForum, 191 Beale St. The event will feature soup, bread, dessert and other delicacies from more than 50 Memphis-area restaurants and caterers, plus live entertainment and Kids Zone. Tickets are $30 for adults and $10 for ages 6-10. Visit soupsunday.org.

more events »

Railcar Honors Railroad and Transportation Veteran

Charles Bruce Hallmann loved the railroad and transportation industries. Hallmann, former vice president of sales with Memphis-based third-party logistics provider Cornerstone Systems Inc., began his career in 1960 and joined Cornerstone Systems in 1998, helping turn the company founded in 1997 into a leading national provider of logistics and transportation services.

THE MEMPHIS NEWS ALMANAC

This week in Memphis history: January 23-29

2014: Sharp Corp. executives announced the company would end the production of solar panels at its Memphis plant effective in March with the loss of 300 of the 450 jobs at the Hickory Hill facility.

EDGE Approves Ikea Incentives

Swedish furniture retailer Ikea has been awarded an 11-year tax break to develop a $64 million store near Interstate 40 and Germantown Parkway that is expected to employ 175 people.

Pink Palace Secret

Museum officials say new technology will bring history alive

The Memphis Pink Palace Museum’s 3-D digital theater opened this past March and its upgraded planetarium is to open in June.

Ford Jr. to Headline Dunavant Award Event

Former U.S. Rep. Harold Ford Jr. will be the keynote speaker for the March 25 Dunavant Public Servants Awards luncheon hosted by the Rotary Club of Memphis East.

Raymond James Tower Fetches $20 Million

How much is a 21-story skyscraper overlooking the Mississippi River worth? About $1 million a floor.

Legendary Memphis Studio Has No. 1 Hit With ‘Uptown Funk’

The Mark Ronson song “Uptown Funk” featuring Bruno Mars has spent a few weeks now in the top spot on the Billboard Hot 100 chart.

The Journey

Hnedak Bobo Group provides travel scholarships to employees

May Branden Canepa will touch down on Spanish soil in late May, realizing a decade-long dream to walk a portion of El Camino de Santiago, the ancient pilgrimage route that winds its way to the tomb of St. James in Santiago de Compostela.

Overton Square to Celebrate 45 Years

Overton Square is preparing to throw a party that’s been 45 years in the making, the commemoration of a milestone for one of the city’s premier restaurant and entertainment districts that’s once again hopping with activity.

Hopson Plans Slated for Public Debate

Shelby County Schools superintendent Dorsey Hopson has proposed ending a single school building housing a conventional SCS school next to a state-run Achievement District School, a move Hopson has talked about making since he became superintendent.

Boyd Gets Encore as City Council Member

After serving less than a year on the Memphis City Council in 2011, Berlin Boyd is back on the council and working toward a longer stay.

Fairgrounds TDZ Agreement Getting Closer

The deal to win Shelby County government’s backing of Memphis Mayor A C Wharton’s plan for a Fairgrounds Tourism Development Zone is getting more complex.

Training Abroad

Semmes-Murphey program teaches neurosurgeons in Bosnia, Croatia

After growing up in Bosnia, going to medical school there and even training in neurosurgery there, Dr. Kenan Arnautovic had to go through training all over again when he came to the United States in 1994.

Fighting Breast Cancer Requires Awareness

To “fight like a girl,” as the slogan on so many pink T-shirts says, starts with knowing the enemy. Breast cancer is pervasive enough that one in eight women in the United States will be diagnosed with the disease in their lifetime.

Wilson Air Expanding at Memphis International

Wilson Air Center is spreading its wings at Memphis International Airport.

Cohen Calls Tennessee Promise ‘A Fraud’

U.S. Rep. Steve Cohen of Memphis calls the Tennessee Promise last dollar scholarship program for community college and state technical centers “a fraud.”

Regions Launches Digital Financial Education Game

Regions Bank has started the new year by adding something new to its collection of financial advice, guidance and educational materials for consumers.

Community Building

Art Garden rallies children, families around neighborhood improvement

Almost three years ago, former elementary school art teacher Erin Harris saw a video about children in Memphis who were working with an artist to start a sculpture garden. She still recalls the happy sight of a few boys in the video throwing balloons filled with paint at an old fence, as well as the reaction the footage generated from her.

ServiceMaster Signals Desire to Strengthen Tennis Tournament

After it was announced at a press conference at The Racquet Club of Memphis that ServiceMaster Global Holdings Inc. had entered into a three-year deal to be the presenting sponsor of the Memphis Open, the company’s chief financial officer, Alan Haughie, couldn’t help himself.

Report Shows Fluctuation in 2014 Crime Stats

Crime is up locally, and crime is down locally. It all depends on what you compare the year-end numbers from the Memphis-Shelby Crime Commission to. The 2014 crime numbers were released last week.

SPORTS

Presumptive All-Star Starter Marc Gasol Concerned With One Thing: Winning

His night’s work done, center Marc Gasol put on a gray suit and stood in front of his locker and waited for the inevitable questions about the NBA All-Star Game.

Memphis Season a Monument to Mediocrity

Good news and bad news. Let’s start with the bad news. This University of Memphis basketball team is not good enough for things to get much better.

Murfreesboro, Nashville Players Get Jump on UT Careers

KNOXVILLE – Jack Jones didn’t want to waste any time getting started with his football career at the University of Tennessee, so he graduated in December from Murfreesboro Oakland High School.

NFL Players Find Second Careers as Entrepreneurs

As Eddie George neared the end of his nine seasons in the NFL, the running back began pondering his next play.

Tigers Penalize 12 Players For Miami Beach Bowl Fight

The University of Memphis has completed its internal review of the on-field fight that followed the Tigers’ Miami Beach Bowl win against Brigham Young University last month.

NEWSMAKERS

Walter Awarded AAF Silver Medal

Ronald A. Walter, president and general manager of WREG-TV, has been chosen to receive AAF Memphis’ 2015 Silver Medal, the highest form of individual recognition given by local chapters of the American Advertising Federation. The annual award, which honors an exceptional leader for a career of outstanding accomplishment and contribution in the industry, will be presented at AAF Memphis’ luncheon Jan. 29 at 11:30 a.m. at Memphis Botanic Garden.

SMALL BUSINESS

Memphis Reprographics Handles Printing, Storage Needs

When the development team and architect behind the Sears Crosstown redevelopment project needed multiple phases of the project printed –including everything from design renderings to construction documents and floor plans – they turned to Memphis Reprographics.

REAL ESTATE RECAP

Stonebridge Crossing Sells for $34.7 Million

9300 U.S. 64, Lakeland, TN 38002, Sale Amount: $34.7 million -
An affiliate of a New York-based real estate investment firm has bought the Stonebridge Crossing Apartments in Lakeland for $34.7 million.

LOCAL COLUMNISTS

Frogs And Toads

OF FROGS AND TOADS. Years and years ago, I was served a couple of striking culinary metaphors that have not only proven to be unforgettable but seem to get better and better with age.

Know What to Carry to Interviews

It’s official: Hiring season is on! Chances are good you’ve been sending out your resume online for every interesting job out there. Soon, you’ll find yourself invited for in-person interviews.

Save Time in Addition to Money

Ray’s take: I’ve often heard that you can tell more about a person by looking at how he or she spends their time and money rather than what they claim is important to them. January is a good time to take stock of not only your finances but also how you spend your time. And the two can be related.

Hello, Josephine!

Wikipedia indicates that a song written by Fats Domino and Dave Bartholomew “charted #7 on the Billboard R&B charts and #14 on the Billboard pop charts” in 1960. The actual title of the song was “My Girl Josephine,” although “in various cover versions,” it became known as “Hello Josephine.” It’s a bluesy number, easy to play on the guitar, and the lyrics begin:

Why the Market Has Fallen in 2015

Stronger dollar = higher valuations. The stock market overreached in 2013, expecting big things from 2014. Earnings estimates for 2014 were for growth of 10-plus percent. High expectations boosted valuations above long-term averages.

Selling Professional Services

Architects, lawyers, engineers, accountants and consultants: I am betting you didn’t get into the professional services field because you have a natural affinity for sales. It is more likely that the mere thought of selling makes your stomach turn a bit and, as a result, you probably make very little time for it.

The Real Work of Innovation

Being creative. Generating thousands of ideas. Making employees feel heard, valued, more than a cog in a machine.

Bringing Out the Best in Others

According to John D. Rockefeller, “Good leadership consists of showing average people how to do the work of superior people.” The best leaders, employers, or workplaces are the ones that understand that just below the surface of average, waiting to be ignited, is the extraordinary.

Three Ways to Evaluate Nonprofit Technology

Part one of a two-part series. “The main reason nonprofits look to update or implement technology is to acquire additional functionality that will automate more tasks, which they hope will free up time to work on more strategic projects.” – Janna Finch

TENNESSEE LEDGER
Nashville Edition

OK, Baby Boomers: Time for Some Hard Decisions

Planning ahead key for retirement health

She works in her yard, maintains a garden, watches her diet and is waiting for her exercise group to get started at the FiftyForward Center in Madison.

Home Services Keep Seniors Independent

Sooner or later, most people end up caring for aging mothers and fathers or become seniors themselves, wondering who to turn to when independent daily living becomes impossible.

Make Sure You Really Have Closure at Closing

The closing attorney is the final piece of the puzzle in a real estate transaction – and the most important. If the closing attorney fails in that role, the transaction might not occur, even if both parties – buyer and seller alike – sign every document.

Squatters, Wait in Line With Rest of Us

Claiming table before ordering messes with the math

It’s 7 p.m. on Friday night at Hattie B’s Hot Chicken in Midtown, and the line to order curls out the front door and stretches down the sidewalk.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 52 374 8,123
MORTGAGES 52 433 9,632
FORECLOSURE NOTICES 0 81 1,439
BUILDING PERMITS 218 906 17,513
BANKRUPTCIES 45 252 5,658
BUSINESS LICENSES 0 143 3,091
UTILITY CONNECTIONS 0 128 3,378
MARRIAGE LICENSES 38 158 1,846

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