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VOL. TMN-10 | NO. 33 | Saturday, August 12, 2017
Weekly Issue

Forrest Statue Marks Rally Point Against Charlottesville Violence

More than 100 people gathered Saturday, Aug. 12, in Health Science Park around the statue there of Confederate general, slave trader and Ku Klux Klan Grand Wizard Nathan Bedford Forrest.

Getting Started

Business advice for startup founders: Play to strengths, define audience early

Every journey of a thousand miles begins with that first single step. Every song, that first note; every long-lasting relationship can trace back to that first hello.

Memphis Gets National USA Cycling Race

USA Cycling (USAC) has chosen Memphis to be a part of its national Cyclocross racing series for the 2017-18 season.

Arrested in LA, Z-Bo Will Remain a Hero in Memphis

Change the location. Change the month and the year, too.

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EDITORIAL

Editorial: Back-to-School Stability Includes Unresolved Issues

Another school year is underway in Memphis, and it’s arguably the most stable for the Shelby County Schools system in the last seven years – maybe longer. Yet, there is much about education in our community that remains unresolved.

MIM Posts Surplus, Will Honor Czech Republic in 2018

The Czech Republic will be the honored country for the 2018 Memphis In May International Festival, organizers of the 41-year-old event announced Thursday, Aug. 10.

Memphis Police Department Adds 85 New Officers

The Memphis Police Department has 85 new officers who were acknowledged at a graduation ceremony Thursday, Aug. 10, marking the first of two classes to go through the Memphis Police Academy this year.

EMPHASIS Women & Business

Women-Owned Businesses Chart Progress of Diversity Contracting Efforts

Daphne Large, founder, CEO and president of Data Facts Inc., didn’t get her company certified as a woman-owned business for 25 years.

Ex-Chef Valerie Morris Creates Right Recipe for Marketing Firm

Just take one fact from her life and let your mind run to easy assumptions. Once upon a time, Valerie Morris was attending Le Cordon Bleu culinary arts school in Paris, France.

NAWBO Memphis Looking to Help More Women Succeed in Business

Frankly, Carolyn Michael-Banks isn’t sure her business would still be around if she hadn’t made a fateful decision about a year ago.

ARTS & ENTERTAINMENT

The King's Castle: Graceland, Whitehaven open 40th anniversary Elvis Week

It begins with a trivia contest and a sock hop. Those are the first two events Friday, Aug. 11, at the top of a crowded Elvis Week itinerary that marks 40 years since Elvis Presley died at Graceland.

Opera Memphis Hires New Music Director

No one really needed to twist Michael Sakir’s arm to sell him on the Bluff City in advance of taking the job Aug. 1 as Opera Memphis’ new music director.

Ballet Memphis Begins Move Into Midtown Facility

The new $21 million Ballet Memphis studio in Overton Square has room for Peter Pan to fly and a two-way view of a ballet company making revolutionary turns in dance.

THE MEMPHIS NEWS ALMANAC

August 11-17, 2017: This week in Memphis history

1937: A privilege license for The Oasis, a restaurant serving beer and owned by Nick Demapolis at 2128 Central Ave. on the corner of Central and Cooper.

REAL ESTATE & DEVELOPMENT

Tensions of Density

With More Apartments Coming, Midtown Developers and Residents Will Have to Compromise to Pave the Future

With hundreds of units already announced and all signs indicating there are more to come, the Midtown apartment market is primed to explode.

Memphis Medical District Bakery Project Closer to Inking Office Deals

After receiving a 20-year tax incentive from the Center City Revenue Finance Corp. this week, one of the most ambitious projects to come out of the Memphis Medical District in recent memory is one step closer to repopulating the Edge District with an influx of office tenants.

Home Sales Up, Price Slips in July

As the housing market begins to head into a slower time of year with school restarting, home sales still continue to outpace last year’s figures despite a slight dip in average sales price.

MLGW Moving Forward With Relocation Plans

Officials with Memphis, Light, Gas and Water Division are continuing with plans to expand operations at its North Service Center, despite the concerns of some residents who feel like the industrial facility is encroaching on their neighborhood.

Cordova Apartment Community Sells for $27.9M

The Charleston, a 284-unit apartment community on the east side of Houston Levee Road just south of U.S. 64, has sold for $27.9 million, marking a new chapter for a property that was built just last year.

EDUCATION

First Day of School Begins With Greetings, Hopes

The school year began Monday, Aug. 7, with some parents registering children on the first day, other children finding their way back into academic routines on their own and Shelby County Schools leaders awaiting the release of achievement test scores from the state that will set a new baseline for where students are academically.

New Collierville High Signals Shift In Education

A year from now, the $90 million Collierville High School will open for classes with an estimated 2,600 students.

Grade-Changing, Misconduct Probe Continues

Shelby County Schools board members will likely get a briefing this month from the three outside attorneys investigating allegations of misconduct by school officials that were made by a former high school principal.

NONPROFIT SECTOR

Memphis-MidSouth Affiliate of Susan G. Komen Foundation Expanding Reach

In 2017, there will be an estimated 252,710 new cases of invasive breast cancer and 40,610 breast cancer deaths. Those sobering numbers come from the Susan G. Komen Foundation, the largest nonprofit source of breast cancer research.

GOVERNMENT & POLITICS

Fairgrounds Crosses Liberty Bowl Playbook

As the city starts anew the planning process for a more active Fairgrounds with more attractions, city council members want the Liberty Bowl to be more active as well.

Strong: Democrats Must Reconnect With Voters

The new chairman of the Shelby County Democratic Party says the local party has lost its voters and getting them back is the path to victory in the 2018 county elections and beyond.

Collins Exiting MLGW After 10 Years

One of the most scrutinized, criticized and well paid jobs in local government is going to be open at the end of 2017.

FINANCIAL SERVICES

Housing Remains Strong

Mortgage Market Sees 4 Percent Gain in July

The way BankTennessee mortgage specialist Jessica Campbell sees it, conditions in Shelby County’s current residential real estate market are about as favorable as the industry could hope for.

ECONOMIC DEVELOPMENT

Tax Breaks Broaden For Residential, Retail Deals

Some changes are coming in the rules surrounding incentives that the Economic Development Growth Engine for Memphis and Shelby County – or EDGE – can use for different kinds of development and for broader use of tax increment financing – or TIF – zones to sustain redevelopment.

CORPORATE NEWS

American Paper Optics, St. Jude Promote Safe Solar Eclipse

In anticipation of the historic solar eclipse Aug. 21, Bartlett-based American Paper Optics (APO) is partnering with St. Jude Children’s Research Hospital to educate the public on safe solar eclipse viewing.

HEALTH CARE

Regional One Launches Data-Driven Study to Cut Costs

Regional One Health has teamed up with a New Jersey-based nonprofit for a three-year project aimed at identifying and addressing the reasons why some patients become what the organizations refer to as “high utilizers” of hospital services.

SPORTS

Separated at Birth: Defensive Backs & Wide Receivers

The wide receiver and the defensive back are exactly the same – until that point when the ball is in the air and then they are totally different.

Down on the Corner: Titans Fix Old Problem

The Titans have been searching for years for an answer at cornerback. They think they found two answers during the offseason.

One Gimpy WR No Longer a Big Problem

Tennessee Titans rookie receiver Corey Davis limped off the practice field last Thursday with a hamstring injury.

Give Rudy Gay An Assist on Origin Of ‘Grit and Grind’

Did Tony Allen say too much? That’s the question after The Grindfather – yes, he retains the title even if he signs elsewhere as a free agent – answered a question about the origin of “grit and grind” in an interview with MassLive.com.

Kelly, Legacy Teammates Ready for Final Season With Vols

Todd Kelly Jr. can’t believe it’s his last hoorah. The senior safety from Webb School of Knoxville enters his final season at Tennessee with thoughts of how it all started in fall of 2014.

THE PRESS BOX

Under First-Year Manager Stubby Clapp, Redbirds Maximize Winning Formula

Over the last quarter-century in the game, Stubby Clapp has learned many things. One is that the baseball gods do not believe in championships as entitlements.

MEMPHIS NEWSMAKERS

Vandiver Growing Customer Relationships at Agritech Firm The Seam

The Seam, a technology firm founded by agribusiness companies that specializes in commodity trading and management systems, has added Rex Vandiver in a customer development role. Vandiver helps with customer support and project management, and he’s also taking a greater role in involvement with the peanut industry to help The Seam better serve its customers’ needs.

THE TIPPING POINT

Renee White Adds Purpose to Numbers

At the end of her third-grade year, Renee White’s elementary school switched math books. Why does White – now chief financial officer of Oak Hall – remember a textbook being retired 20 years ago?

VIEW FROM THE HILL

A Million Reasons Not to Jump Into the Tennessee Governor’s Race

Republican gubernatorial candidate Mae Beavers is banking on the idea wealthy candidates won’t be able to buy voters in 2018.

LOCAL COLUMNISTS

Watches Tell Time, And Stories

IT’S ABOUT TIME. It’s an old 700 series Rolex watch – stainless steel with a small military-style black face, hands and numbers that once glowed in the dark, a simple stainless steel band and a small brass rivet for a fastener – nothing special by Rolex standards.

Early Retirement – Can You Do It?

Ray’s Take: Many people dream of making an early exit from the work routine, but making that dream a reality has some challenges. By retiring at, say, age 55 instead of 65, you have 10 fewer years of saving and investing for building a nest egg that has to support you through an extra 10 years of retirement. That double-whammy of fewer working years to save and more retirement years to spend is what makes early retirement tough to pull off.

Train Employees For Excellence

Billions of dollars are spent on marketing every year by businesses and institutions trying to convince potential customers that they are the preferred choice. However, after decades as an observant consumer, I have concluded that most businesses would have much more success if they invested a portion of that marketing budget and a little time into professional development for their employees.

Job-Seeking Anxiety Is Universal

By now, we can all agree: The job search process can be a grueling one. If you’re actively looking for a job, you know what I’m talking about. You apply online and never hear back. Or, maybe you go through rounds of interviews that lead nowhere.

What is MROI?

Have you ever looked at your organization’s marketing spend and wondered, “What do I have to show for this?” Or maybe you spent the six-figure marketing budget and have to justify the same spend for the upcoming budget year. Either way, you need to calculate marketing return on investment (MROI).

Ten AGs Threaten Trump on Immigration

The attorneys general of 10 states, led by Texas’ Ken Paxton with strong support from Tennessee AG Herbert Slatery III, are threatening to sue the federal government.

Inviting a New Vision for Memphis Region

Memphis has been blessed to give birth to the modern grocery store, rock ‘n’ roll, and such corporate category leaders as Holiday Inn, FedEx and AutoZone. These native inventions became the basis of our regional economy after the slow demise of the agrarian culture when cotton was king.

What the CFRE?!

In the nonprofit world money is almost always an issue. Where will it come from? When will it arrive? Is it restricted or unrestricted? These questions are accompanied by others such as, “How are we implementing our fund development strategy?” and, “Will we meet our fundraising goals?”

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 209 209 16,401
MORTGAGES 252 252 18,937
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 393 393 33,519
BANKRUPTCIES 124 124 10,861
BUSINESS LICENSES 57 57 5,255
UTILITY CONNECTIONS 102 102 11,446
MARRIAGE LICENSES 70 70 3,937

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