VOL. TMN-11 | NO. 4 | Saturday, January 27, 2018
West Tennessee is still waiting to reap the benefits of the Memphis Regional Megasite
In physics the larger an atom is, the more polarizing it can become. The same can be said of real estate development. So it’s not surprising that something referred to as a megasite can incite a range of opinions that are as vast as the site itself.
FedEx Corp. has announced it will invest $3.2 billion to enact three new programs in the wake of the U.S. Tax Cuts and Jobs Act, the first being to increase employee compensation by more than $200 million, about two-thirds of which will go to hourly employees.
Knoxville-based Cherokee Health Systems has stepped in to continue operating the clinics of Memphis’ Resurrection Health, which closed its doors on Dec. 31 in part because of funding running out.
The Memphis Regional Megasite in Haywood County has a lot of factors going against it starting with its name. It is not in Memphis – which can be confusing to national site consultants and their clients.
THE MEMPHIS NEWS ALMANAC
1997: On the front page of The Daily News, Wolfchase Galleria, the city’s largest shopping mall, is about to open and “stores are scrambling to hire managers and clerks in a market that currently has one of the lowest unemployment rates in years.” University of Memphis researcher David Ciscel says, “The impact will be similar to the impact that Tunica has had and is having on the Memphis economy," referring to the opening in the early 1990s of casinos in Tunica.
EMPHASIS Distribution & Logistics
Trucking companies pay one of the highest tax rates of any business sector. According to a study published by New York University, only the 27.28 percent average tax rate in the homebuilding sector was higher, with trucking second at 26.74 percent.
Port of Memphis Poised for Growth
Despite being the fifth-largest inland port in the United States, the Port of Memphis often gets outshined by its counterparts like Memphis International Airport and BNSF Railway’s intermodal facilities.
Family-owned and operated JNJ Express is a bona fide Memphis success story. Last year, the asset-based transportation and logistics provider celebrated its 25th anniversary, and the company is set to grow by as many as 100 new trucks this year while also scouting sites for a new facility.
The Catholic Diocese of Memphis is ending its operation of nine Jubilee Schools and St. Michael School at the end of the 2018-2019 school year and is working with a charter organization to form a network of charter schools to replace them.
Parents get refresher to help their children be successful
Third grade math is still all about multiplication and division, which may be learned through memorization or through applying addition and subtraction. But it is always about understanding the concept.
When it is completed in about a year, the new Millington Central High School Performing Arts Center will look familiar to longtime residents who may have graduated from the school when it was in its former building.
Competition in the on-demand meal delivery space is heating up in Memphis with the online and mobile food ordering and delivery service Bite Squad adding more than 30 new restaurants to its stable in Memphis, bringing its total to more than 150 here.
Local fashion designer looks to grow brand
For local fashion designer Xavier Winston, getting out of Binghampton was always his motivation growing up, but today he proudly represents the community as a successful entrepreneur and evidence of what you can accomplish with dedication and hard work.
As a lifelong Memphian and successful entrepreneur, Carolyn Hardy is all about finding new ways to grow the city.
The private nonprofit that had the city’s two most visible Confederate monuments removed from city parks in December says it has fielded numerous offers to take the statues of Nathan Bedford Forrest, Jefferson Davis and a bust of Confederate Capt. Harvey Mathes in Memphis Park where the Davis statue stood.
Church Health wants to grow ranks of covered Memphians
Before she signed on as Church Health’s medical director in 2015, Dr. Susan Nelson was a volunteer provider for the organization, helping bring health care to uninsured workers and businesses from musicians and landscapers to child care workers.
A research team from the University of Tennessee Health Science Center and Le Bonheur Children’s Hospital has published a study that found black children are more than twice as likely to die after surgery than white children.
With the completion of 1-269 around the corner, dozens of acres of undeveloped land near Collierville have been primed for future development. Looking to capitalize on the increased access, Grace Development is planning Glen Farms Corporate Park, a sprawling new industrial park that straddles the border of Shelby and Fayette counties.
100 N. Main St., Memphis, TN 38103 - THM Memphis Acquisitions LLC effectively bought the 100 North Main Building, a 37-story office tower, at a foreclosure auction on the courthouse steps after the property failed to receive any bids. A substitute trustee’s deed for the $1 million transaction was recorded with the Register’s Office Thursday, Jan. 11.
Ted Davis has been named 2018 president of the board of directors for the Humane Society of Memphis and Shelby County. Davis, who is a wealth adviser for Regions Bank, joined the humane society board in December 2015. His first priority was a campaign inspiring adopters to become donors, which led him to being the Paw Prints Gala committee chair in 2017.
Memphis City Council members decided Tuesday, Jan. 23, to take a second look at the gas and electric rate-hike proposals they rejected two weeks ago, but put off any new votes on the matter until February.
Shelby County commissioners approved a six-month moratorium on any new construction landfills in unincorporated Shelby County on Monday, Jan. 22.
The city is bracing for some kind of backlash in the Tennessee Legislature for the December sale of two city parks to a private nonprofit and the removal of Confederate monuments in those parks.
An East Tennessee lawmaker is trying breathe life into his “heartbeat bill” this session of the General Assembly despite an odd mix of opposition from pro-life forces and Democrats.
NASHVILLE – With a grade-changing scandal at Trezevant High rocking Shelby County Schools, Rep. Antonio Parkinson is pushing legislation designed to put a harsh “deterrent” on illicit transcript changes: criminal prosecution.
VIEW FROM THE HILL
About 30 years ago, my wife and I were hanging out with another couple and decided to make a big night of it. We’d go out for Mexican food and then rent a movie.
The reality confronting each of Memphis’ three publicly traded Fortune 500 companies is a little different as the year gets underway, with one of them the breakaway favorite in terms of investment and opportunity.
Investors and analysts who cover the Memphis-based publicly traded parent company of First Tennessee Bank had a lot of news to digest during the bank’s fourth quarter.
Bickerstaff Discusses Challenges of Being Interim Coach
In one sense, maybe just about every NBA head coach not named Gregg Popovich should have the word “interim” in his job title. Certainly in Memphis the position of head coach is a lot closer to being an adjunct member of the faculty rather than a tenured professor.
If the Tennessee Lady Vols make a run in the NCAA basketball tournament this year, Webb School girls basketball coach Shelley Collier will be cheering them on the whole way.
At Eastern Florida State, guard Kareem Brewton Jr. had a lot of freedom last season. He used it to average 19.9 points per game and hand out 159 assists on his way to being named a First-Team All-American by the National Junior College Athletic Association.
Mike Vrabel admits he has much to learn about the ins and outs of being a head coach in the National Football League.
THE PRESS BOX
First, you have to love the name of the event: the 2018 Rising Stars Challenge. And that the Memphis Grizzlies will be represented at the NBA All-Star weekend in Los Angeles.
IT JUST TAKES TWO. “Dan,” Sen. Howard Baker chuckled, “see that person at the end of the dais? She’s run my office for years, been with me everywhere, heard and seen everything. That’s the first time I’ve seen her blush.”
Ray’s Take: There was a time when you worked your entire career at one company and retired with a pension and a gold watch after 40 or so years of service. But, like so many things, that picture has changed over the years. Job hopping – once a red flag on your resume – is now the norm.
Right now, millions of American teenagers are struggling with their emotions and behavior. They’re at odds with their parents, guardians or peers. They feel like they have no one to talk to, no one that understands or listens to them. They feel angry, dejected and hopeless. Why am I bringing this to your attention? Because in a few short years, these at-risk teens will become adults.
Author William Purkey wrote that, “Human potential, though not always apparent, is there waiting to be discovered and invited forth.”
Each year a few elected officials will sponsor a law or an ordinance to change the way the voters who elected them are notified about actions government wishes to take. 2018 will be no exception.
I love resumes. They’re a very important part of your job search. They allow you to brand yourself. You can feature your past work experience. A resume allows you to highlight accomplishments, such as awards and education. It allows you to share who are you and who you want to be in a future career.
Editor’s Note: This is the second in a two-part series. As a small or mid-sized company CEO, time is likely not a luxury with which you’re familiar. Staying abreast of evolving marketing technology can seem impossible in light of all of your competing priorities. That’s why this year’s top 10 marketing trends for the new year are tailor-made for companies of your size – strategies which can be practically applied in 2018 on a small to mid-sized company budget.
I want to dedicate a column to the next generation. For me, this means addressing Uncle Leo and Ellery, my youngest son and grandson, respectively. May they have the space to explore in the vast treasures of childhood and lose sense of time while playing. There seems to be an unconscious conspiracy against people having free time to relax, create and simply enjoy life.
Editor’s note: Part three of a three-part series. What if you could get eight more hours out of the day? What if you could “clone” yourself five times over? These are unspoken dreams of many a nonprofit executive or college president. While they are unlikely to come true exactly as wished for, it is possible to achieve that magical result. Here’s how.
Campbell Clinic has been awarded an eight-year retention PILOT (payment-in-lieu-of-tax) from the Germantown Industrial Board to help pave the way for its expansion plans, which include a new $30 million, 120,000-square-foot facility.