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VOL. TMN-10 | NO. 15 | Saturday, April 8, 2017
Weekly Issue

Starting Up

Regional One center brings innovation mainstream

Scott Vogel is part of a small but scrappy band of entrepreneurs in Memphis focused on building and launching startups. Some have come here from around the country to participate in any of the area’s startup accelerators. They’ve founded everything from innovative medical devices to enterprises built around new twists on old challenges.

EDITORIAL

Editorial: Accelerators, Startups And the Fear of Failure

Opening a business isn’t easy; keeping it open is even more difficult. The extensive education and mentoring available from startup accelerators and incubators helps prepare entrepreneurs for success, but the prep work must end at a certain point. And then the accelerator alumni – like all small-business owners – discover whether their venture will fall or fly.

SPECIAL EDITION Startups

Accelerator Programs Keep Memphis Starting Up

The mantra is “never stop starting.” The constituency it applies to is entrepreneurs in Memphis and those who come here flush with ideas and creativity. And for Memphis’ startup community – from the sixth floor of Start Co.’s 88 Union Ave. hive of activity to the Memphis Bioworks Foundation and points in between – that exhortation to “never stop” is as much a rallying cry as it is a marker highlighting one of the more dynamic and fledgling sectors of the city’s economy.

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EVENTS

The fourth annual Bringing Out the Leaders Networking Event will be held Thursday, April 13, at 6 p.m. at the University of Memphis University Center, 499 University St. College students from across the Mid-South will have the opportunity to connect with top business, community and political leaders at this program sponsored by the nonprofit Setting the Standard Enterprise. Cost is free; registration required. Visit stsenterprise.org.

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Q&A: Front Door CEO Sees Opportunity Knocking in Real Estate Technology

Two years ago, Front Door co-founder and CEO Jessica Buffington took her startup business idea to the next level when she began working with Start Co., participating in its Upstart accelerator program in May 2015.

Crews Center Director Hoffmeyer Finds Success in Helping Students

Before directing the Crews Center for Entrepreneurship at the University of Memphis, before working his way through two startup businesses with Seed Hatchery, before spending years as a technologist for online payment companies, business was the furthest thing from Mike Hoffmeyer’s mind.

THE MEMPHIS NEWS ALMANAC

April 7-13, 2017: This week in Memphis history

1993: U.S. Rep. Harold Ford Sr. is acquitted of all charges in his second bank fraud trial in Memphis Federal Court. Ford’s trial by a jury of citizens from outside the Memphis area ends dramatically with the jury foreman reading the verdict on each of the 18 counts against Ford – any one of which, Ford later said, would have ended his political career had he been found guilty.

POLITICS

Early Voting in District 95 Primaries Begins Friday

Early voting opens Friday, April 7, in the special primary elections for state House District 95 as other elections – including some 2018 races – already show plenty of signs of political life.

HEALTH CARE

Davis to Lead Next Phase of Development at Active Implants

Ted Davis was happy to be able to stay in Memphis when he took over his newest leadership role as president and chief executive officer of medical device company Active Implants Corp.

EDUCATION

Germantown School Board Approves New School Site

The Germantown school board has approved a contract to buy 38 acres of land at Forest Hill-Irene Road and Poplar Pike for a new elementary school for 750 children.

Bartlett Weighs $60M Overhaul, Expansion of Bartlett High School

A four-word phrase that appeared on a Power Point presentation at Bartlett High School last week was when the audience of 500 people appeared to buy into a $60 million plan to reconfigure the high school campus over the next three to four years.

RETAIL

Fred’s May Buy Up to 1,200 Rite Aid Stores

Memphis-based Fred’s Inc. is “the right buyer” of hundreds of Rite Aid stores that need to be divested so Rite Aid and Walgreens Boots Alliance can win Federal Trade Commission approval for their pending merger.

COMMERCIAL REAL ESTATE

Design Board OKs Allworld’s Plan To Renovate Downtown Building

Downtown Memphis is going through a renaissance, and Allworld Project Management has made it very clear it wants to be front and center for it.

Germantown Town Center Gets First OK

Even as nearby large mixed-use developments like TraVure and Thornwood rise from the ground, a proposed 32-acre town center-style mixed-use development west of Saddle Creek could be Germantown’s most transformative project in recent memory when it’s all said and done.

COMMUNITY

Award-Winner McCloy Brings Modern Applications to Library System

Keenon McCloy got around to doing the math on her time at City Hall. “I just crossed over 25 years,” said McCloy, director of the Memphis Public Libraries system, a position she has held for 10 years. Before that she was director of the city’s Division of Public Service, head of the Memphis Sexual Assault Resource Center and started as director of the transition office for Memphis Mayor-elect Willie Herenton in 1991, one of four mayors whose administrations she has worked in.

LaRose Students Get Protest Primer on King Anniversary

A group of 48 third-, fourth- and fifth-graders at LaRose Elementary School made signs and walked a picket line around their school campus Tuesday, April 4, as part of a lesson about protests on the anniversary of Dr. Martin Luther King’s assassination that drew five Memphis police cars.

Collierville Mayor Stan Joyner Says Political Path Kept Calling

Before he ever ran for anything in Collierville, Stan Joyner spent a dozen years on the town’s planning commission. And he was an elected alderman for another 12 years before he ran for and was elected mayor of the town of 48,000 people.

Earth Day Every Day: April Brings 30 Days of Memphis Clean-Up Efforts

On one hand, the Greater Memphis Chamber’s Memphis Clean by 2019 moon mission seems daunting. The goal is to restore the city’s status as the cleanest city in the U.S. by 2019, when Memphis celebrates its bicentennial.

Wiseacre Tables Plans to Build Brewery in Coliseum

Wiseacre Brewing Co.'s plans to expand into the Mid-South Coliseum are off but could re-emerge somewhere down the road as the city administration renews discussions about a fuller renovation of the Mid-South Fairgrounds.

ECONOMIC DEVELOPMENT

NYC Parks Commissioner Joins RegionSmart

The second installment of the RegionSmart Summit speaker series features the New York City Department of Parks and Recreation Commissioner Mitchell J. Silver, an internationally recognized, award-winning planner with over 30 years of experience.

ENTREPRENEURSHIP

From Training to Business Acumen, The Lab Fits Fashion Industry

Creativity needs space and collaboration to thrive, and The Lab by the Memphis Fashion Design Network, a fashion business incubator which opened last August, was founded on those principles as a welcoming space for anyone involved or interested in the fashion industry.

GOVERNMENT & POLITICS

Commission Debates Use of $20M Surplus

The Shelby County Commission delayed a vote Monday, April 3, on a $120 million refinancing of the county’s capital bond debt for two weeks.

FINANCIAL SERVICES

Regions Bank Unveils New Branch Design at West Tennessee Headquarters

Physical bank branches these days are as much about technology and digital innovation as they are the garden-variety services that have always been a centerpiece of customer service, such as taking deposits and making loans.

HISTORY

Marker Commemorates King’s Final Flight to Memphis

John Hope Bryant has come through Memphis International Airport many times on business. The founder of the financial literacy nonprofit “Operation HOPE” was always aware the airport was Martin Luther King’s last arrival point on the way to his assassination in 1968.

REAL ESTATE & DEVELOPMENT

Investor Dominance in Residential Real Estate Shows Signs of Change

Investors buying single-family homes to rent them out or have a management firm rent them out may be giving way to banks more willing to make loans on lower-priced homes to owner-occupants.

African-American Homeownership Rates Remain Low Despite Strong Housing Market

With average home sales prices recently hitting an all-time high, it’s easy to get excited about the future of Memphis’ housing market.

2 Midtown Restaurants Seek to Incorporate Shipping Containers

The Broad Avenue Arts District has long been innovative when it comes to the creative reuse of formerly blighted properties, and its newest addition seeks to continue this trend.

Malco Moving Forward With Downtown Theater

45 E. G.E. Patterson Ave., Memphis, TN 38103  -
Malco Theatres’ multimillion-dollar Downtown movie theater has taken another step toward completion.

SPORTS

Memphian Tim McCarver Still Enjoying Life and Baseball

On Sept. 10, 1959, at the tender age of 17, Tim McCarver pinch-hit in the ninth inning for the St. Louis Cardinals against the Milwaukee Braves at old County Stadium before a gathering of 1,695 people (he flied out to right field).

Vols Work to Impress NFL Scouts in Advance of Draft

Derek Barnett knows he will hear his name called in the April 27-29 NFL Draft. He’s just not sure when.

Tennessee Titans Have Rarely Found Success With Drafted SEC Players

The NFL Draft is fast approaching, which raises an interesting question: Is this the year the Titans finally shop locally and target Southeastern Conference talent?

As Memphis Tiger Fans Fret, Can Tubby Smith Fix This Mess?

A few weeks ago, Tubby Smith stood in front of assembled media and admitted that the University of Memphis basketball job was a bit more than he had calculated.

Cardinals Conceding Nothing to Anyone in 2017

The Chicago Cubs made history in 2016 by winning the World Series and breaking a 108-year draught. The St. Louis Cardinals made a little minor history by missing the playoffs after getting there five straight years and six of the last seven seasons.

Memphis Open Tennis Tournament Reportedly Leaving for New York

The headline at memphisopen.com is now ominous: “2017 Memphis Open Concludes” originally meant that this year’s tournament was done, that Ryan Harrison had won the title in February at The Racquet Club. But on Friday, April 7, news broke that the tournament was leaving for Long Island, N.Y.

MEMPHIS NEWSMAKERS

Bradshaw Joins Trezevant As Human Resources Director

Kathy Bradshaw has joined Trezevant as director of human resources. With more than 10 years of experience in the senior living industry and 20 years of HR experience, Bradshaw will oversee staff operations and manage all human resource initiatives for the senior community.

MARTHA KELLY'S MEMPHIS

Memphis in Bloom

Artist Martha Kelly, who illustrates Memphis life and culture each month for The Daily News, sketches a selection of wildflowers currently blossoming in Overton Park’s Old Forest, Meeman-Shelby Forest State Park, the woodland gardens at Dixon Gallery & Gardens and Memphis Botanic Garden, and in wooded areas around the region.

TENNESSEE LEGISLATURE

IMPROVE Act Could be Renamed; Alternative Plan in the Works

Legislation containing a gas-tax increase moved out of a key committee Wednesday, April 5, with proponents saying it could be called the IMPROVE Act or the 2017 Tax Cut Act because of several tax reductions designed to make it easier for Tennesseans to swallow.

House Committee Postpones School Voucher Bill Again

A House committee amended legislation setting up a pilot voucher program for low-income students in Shelby County, enabling private schools who take students from struggling public schools to opt out of state-required tests.

Senate Campaign War Chests Could Swell

NASHVILLE – Legislation enabling state lawmakers to raise campaign funds during even-year session recesses evolved into a markedly different bill this week – one allowing significant contribution increases for Senate candidates.

GOP Happy to ‘Wait and See’ on Medicaid

Republicans say ho, Democrats say go. In the wake of Trumpcare’s congressional crash, states such as Kansas and North Carolina are joining the majority of the nation in expanding Medicaid rolls.

Oral Chemo Bill Heading for House Vote as Big Pharma Watches

Despite objections to a pharmaceutical reporting requirement, a House committee passed legislation Tuesday, April 4, designed to make oral chemotherapy medication more affordable.

Senate Campaign War Chests Could Swell

NASHVILLE – Legislation enabling state lawmakers to raise campaign funds during even-year session recesses evolved into a markedly different bill this week – one allowing significant contribution increases for Senate candidates.

GOP Happy to ‘Wait and See’ on Medicaid

Republicans say ho, Democrats say go. In the wake of Trumpcare’s congressional crash, states such as Kansas and North Carolina are joining the majority of the nation in expanding Medicaid rolls.

Oral Chemo Bill Heading for House Vote as Big Pharma Watches

Despite objections to a pharmaceutical reporting requirement, a House committee passed legislation Tuesday, April 4, designed to make oral chemotherapy medication more affordable.

Democrats Put Squeeze on Republicans To Defeat Outsourcing of State Assets

Legislative Democrats are calling on Republicans to join them in passing a slate of bills to combat Gov. Bill Haslam’s outsourcing plans for everything from state parks to facilities management at universities.

Conservative State Republicans Want ‘Restart’ on Gas Tax

Claiming they’re not getting fair treatment by House leadership, a group of irritated Republicans demanded the governor’s gas-tax increase package go back to the starting line.

Slain TBI Agent’s Family Honored by General Assembly

Tennessee Bureau of Investigation Director Mark Gwyn will never forget the day Agent De’Greaun ReShun Frazier was gunned down while working an undercover drug operation.

LOCAL COLUMNISTS

Growth Funds for Tax Efficiency

Ray’s Take When it comes to real return, it’s not what you make, but what you keep after taxes and inflation that counts. 

Everything to Lose

LET THEM EAT CAKE. AND DIE. I’m paraphrasing Marie Antoinette. She didn’t say “and die” – but then she probably didn’t say “let them eat cake” either when told that the poor had no bread. History suggests that some other arrogant French aristocrat did. The reason the quote lives – and the point – is that the rich have always pretty much ignored the plight of the poor and done so at their own risk.

Uncovering Beautiful Miami Beach

When LeBron James joined the Miami Heat in 2010, he made it fashionable for us all to take our talents to South Beach.

Respect For Athletes And Actors

In the business world, things move fast. You write a business proposal, seek approval and move on to your next project. Efficiency is key in business. Move fast. Waste little time. Produce as much output as possible.

Responding to Bad Reviews

It’s a catch-22 type of situation. You need to put your business out there in this age of social media, but in doing so, you open yourself up to criticism, bad reviews and the like.

What Every Board Member Should Know

We recently had the opportunity to work with an organization that is ready increase its impact. Current board members had recruited and approved new members; there was work to be done and people to do it. Our role was to help orient all members to their roles and responsibilities.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 102 224 17,767
MORTGAGES 127 277 20,703
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 176 510 36,326
BANKRUPTCIES 54 146 11,828
BUSINESS LICENSES 21 80 5,640
UTILITY CONNECTIONS 27 147 12,181
MARRIAGE LICENSES 11 60 4,417

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