VOL. 133 | NO. 22 | Tuesday, January 30, 2018
A Target fulfillment center in southeast Memphis is closing in April, resulting in 486 layoffs.
Two local restaurateurs are looking to carve out their own slice of the Crosstown Concourse.
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.
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 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.
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.
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.
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.
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.
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.
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.”
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 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.
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.
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
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.
After a second double-digit loss to Cincinnati this season, the Memphis Tigers are in the mushy, mediocre middle of the American Athletic Conference.
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.
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.
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.”
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.
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.
SPRINGDALE, Ark. (AP) – Tyson Foods Inc. has invested in a food-tech startup that's developing methods to produce meat directly from animal cells.
WASHINGTON (AP) – The Secret Service is warning financial institutions about a type of cyberattack known as jackpotting.
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.
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.
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.
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.
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.
NEW YORK (AP) – Telecommunications regulators and industry groups voiced opposition Monday to a government-built wireless network that the Trump administration is reportedly considering.