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VOL. 133 | NO. 22 | Tuesday, January 30, 2018

Target Fulfillment Center Closing, Vendor Laying Off 486 Memphis Workers

A Target fulfillment center in southeast Memphis is closing in April, resulting in 486 layoffs.

New Pizza Place Coming to Crosstown Concourse

Two local restaurateurs are looking to carve out their own slice of the Crosstown Concourse.

Haslam Proposes Credit Hours Minimum on Higher Ed Access

Tennessee Gov. Bill Haslam’s final State of the State address Monday, Jan. 29, included a call to continue the state’s reforms in education with some changes to the administration’s signature higher education reforms.

Court Holds Up Sale or Transfer Of Confederate Monuments

UPDATE: Chancellor Ellen Hobbs Lyle issued a second court order Tuesday, Jan. 30, that orders all sides in the litigation to enter into mediation on possible new locations for the removed monuments.

Campbell Clinic Wins PILOT for $30M Germantown Expansion

Campbell Clinic has been awarded an eight-year retention PILOT (payment-in-lieu-of-taxes) from the Germantown Industrial Development Board to help pave the way for its expansion plans, which include a $30 million, 120,000-square-foot new facility.

Local Weather
Currently
Memphis, TN
77.0°F
Overcast
Wind: Southeast at 3.5 mph
Humidity: 85%

EVENTS

The Shelby County Office of Resilience will gather public input on the creation of the Mid-South Regional Resilience Plan at three workshops: Tuesday, Jan. 30, at Memphis Leadership Foundation, 1548 Poplar Ave.; Wednesday, Jan. 31, at the Baker Community Center, 7942 Church St. in Millington; and Thursday, Feb. 1, at the Southaven Public Library, 8554 Northwest Drive. All meetings run from 6 p.m. to 7:30 p.m. Workshops offer an opportunity for residents to share their opinions on the best strategies to mitigate effects of and manage recovery efforts for future weather-related incidents. Learn more at resilientshelby.com.

more events »

Year End Stats Show Violent Crime Up In Memphis, Murders Down

Year-end crime statistics from the Tennessee Bureau of Investigation and the Memphis-Shelby Crime Commission confirm a drop in the city and countywide murder rates for 2017 compared to the city’s record murder rate in 2016. But the numbers also show violent crime as a general category increased in 2017 from 2016 by 8.3 percent in the city and 7.9 percent countywide, including the city of Memphis.

Last Word: Credit Hours & Tn Promise, Opioid Differences and Nikki's Hot Rebrand

A very busy Monday and I feel like some of this is may be fueled by some of us just now getting completely over the flu or someone close who has the flu for the first time in the New Year. Whatever the case, Monday came with a curtain call of sorts by Tennessee Gov. Bill Haslam, a court order on the Confederate monuments, year-end stats on crime in Memphis and countywide… a PILOT here, a building permit or three there.

Pinnacle Pulls $1.3M Permit to Build Midtown Branch

Nashville-based Pinnacle Financial Partners has applied for a $1.3 million building permit for its planned bank branch at the corner of Union Avenue and Rozelle Street.

POLITICS

Boyd Hears Concerns About Testing, BEP Funding, Graduation Rates

When Republican contender for Tennessee governor Randy Boyd came to Christian Brothers University last week for a roundtable discussion with several dozen teachers and other educators, he walked into a lively exchange.

Lee, Boyd Pushing For Technical Education

Bill Lee led with his master plumber’s license last week as he toured Moore Tech. “I’m running for governor, too, by the way,” the Republican primary contender from Williamson County said as he talked with those attending classes and their instructors.

Luttrell Slower to Move on Opioid Lawsuit

An opioid epidemic lawsuit the county will bring against defendants still needs questions answered and a better focus, Shelby County Mayor Mark Luttrell said on the WKNO/Channel 10 program “Behind The Headlines.”

New Name, Other Changes On Tap for Nikki’s Hot Products

The popularity of Nikki Schroeder’s homegrown line of food and cooking products can be followed partly by tracking tweaks in the name of her product line, which is in the process of changing yet again.

EMPHASIS Distribution & Logistics

Trucking Taxation on Rise, But Driver Shortage Remains Largest Challenge

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.

JNJ Express Enjoys Latest Growth Spurt

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.

Rolling on the River

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. 

REAL ESTATE RECAP

Trader Joe’s, H&M, Mempops Announce New Locations

2130 Exeter Road, Germantown, TN 38138: It looks like the Memphis area is finally getting a Trader Joe's. A $750,000 building permit application that lists Trader Joe’s as a tenant has been filed with the Office of Construction Code Enforcement.

SPORTS NOTEBOOK

Mediocre Memphis No Match for UC; Grizzlies’ Mike Conley Out for Season

After a second double-digit loss to Cincinnati this season, the Memphis Tigers are in the mushy, mediocre middle of the American Athletic Conference.

LOCAL COLUMNISTS

Building Memphis From the Core

When I delivered this year’s State of the City speech to the Kiwanis Club of Memphis at its meeting at the University Club, long planted at the corner of Lamar and Central, it would’ve been easy to think that the ground on which we stood had been part of Memphis from its very start.

Embody The Problems

Much of the work of innovation takes place trying to deeply understanding the unmet needs of a particular market. As one innovation school of thought calls it, what are the “jobs to be done”? Discerning these needs, these undone jobs, takes more empathy than data, more heart than head, and it takes an investment of time and attention.

Should Board Members Give?

Editor’s note: Part one of a two-part series. “My board doesn’t give.” That’s a common lament we hear from executive directors and college presidents. Here’s one from board members: “They only want me for my money.”

STATEWIDE

PAC Raises $1.3M to Support Nashville Transit Plan

NASHVILLE, Tenn. (AP) – A political action committee has raised $1.3 million to support the transit plan by Nashville Mayor Megan Barry that is up for a vote this spring.

NATIONAL BUSINESS

More Caffeine, Please: Keurig Is Buying Dr Pepper Snapple

NEW YORK (AP) – Keurig is buying Dr Pepper Snapple Group, bringing together the make-at-home coffee brand with the company behind Dr Pepper soda, Mott's apple juice and Snapple iced tea.

Tyson Foods Invests in Firm Trying to Make Meat From Cells

SPRINGDALE, Ark. (AP) Tyson Foods Inc. has invested in a food-tech startup that's developing methods to produce meat directly from animal cells.

Secret Service Warns Financial Companies of ATM Cyberattacks

WASHINGTON (AP) – The Secret Service is warning financial institutions about a type of cyberattack known as jackpotting.

SPORTS

Cleveland Indians Dropping Chief Wahoo Logo From Uniforms

CLEVELAND (AP) – The Cleveland Indians announced Monday they are dropping the Chief Wahoo logo from their uniforms next year, bowing to decades of complaints that the grinning, red-faced caricature used since 1947 is racist.

NATIONAL GOVERNMENT

Fed Likely to Hold Rates Steady at Yellen's Final Meeting

WASHINGTON (AP) – Janet Yellen's final Federal Reserve policy meeting will likely bring an uneventful end this week to her four-year tenure as Fed chair but perhaps offer hints of the central bank's approach to interest rates in the months to follow.

In State of Union, Trump to Make His Case on Economy

WASHINGTON (AP) – Seeking to move past the shadow of the Russia investigation, President Donald Trump intends to use his first State of the Union address to cite economic progress under his watch while pushing for bipartisanship with Democrats on issues such as rebuilding roads and bridges.

FBI Deputy Director Leaving Post Ahead of Planned Retirement

WASHINGTON (AP) – FBI Deputy Director Andrew McCabe, a frequent target of President Donald Trump's criticism who led the bureau for months last year following the firing of James Comey, is leaving his position ahead of a previously planned retirement this spring, people familiar with the decision said Monday.

US Treasury Says Government Borrowing Will Hit 8-Year High

WASHINGTON (AP) – With the government's budget deficit rising, the Treasury Department announced Monday that it expects to borrow $441 billion in the current January-March quarter, the largest amount in eight years.

TECHNOLOGY

Reported Plan for Government Wireless Network Gets Panned

NEW YORK (AP) – Telecommunications regulators and industry groups voiced opposition Monday to a government-built wireless network that the Trump administration is reportedly considering.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 87 87 7,836
MORTGAGES 108 108 9,307
FORECLOSURE NOTICES 8 8 1,366
BUILDING PERMITS 130 130 16,737
BANKRUPTCIES 55 55 5,461
BUSINESS LICENSES 32 32 2,980
UTILITY CONNECTIONS 47 47 3,297
MARRIAGE LICENSES 37 37 1,725

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