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VOL. 132 | NO. 181 | Tuesday, September 12, 2017

REIT Set to Make Fifth Downtown Memphis Investment

Alpha Residential Trust, a Pittsburgh, Pennsylvania-based real estate investment trust, has entered into an agreement to purchase the 266 Lofts development at the corner of Front Street and Dr. Martin Luther King Jr. Boulevard.

County Commission Joins City Call to Remove Confederate Monuments

Shelby County Commissioners approved a resolution Monday, Sept. 11, backing the city’s efforts to remove Confederate monuments with a waiver from the Tennessee Historical Commission. The resolution by commissioner Walter Bailey also backs the Memphis City Council’s move to an ordinance that could take down the monuments after the Oct. 13 decision if the historical commission does not grant the waiver.

Does Memphis Have Right Mojo for Amazon HQ?

Amazon.com’s announcement last week that it is actively searching for a second headquarters location caught the attention of governors, mayors and development officials from all over the country hoping to hit the jackpot.

SPECIAL EDITION: Small Business

Memphis Has Earned its ‘Foodie Town’ Reputation in Past Decade

When Sabine Bachmann arrived in Memphis more than 30 years ago, she was a little stunned at the city’s meager restaurant scene. The city wasn't barren, of course, with longtime mainstays such as Justine's and the Four Flames. But beyond that and some Italian family-owned places, the restaurant scene simply wasn't very diverse or widespread.

Local Weather
Currently
Memphis, TN
59.0°F
Mostly Cloudy
Wind: South at 8.1 mph
Humidity: 67%

EVENTS

NAWBO Memphis will present “Leaping the Million Dollar Hurdle” Tuesday, Sept. 12, from 11:30 a.m. to 1 p.m. at the Crescent Club, 6075 Poplar Ave. Clarion Security founder and CEO Kim Heathcott will share how she grew her business, tackled her first million-dollar hurdle and kept going to become Memphis’ largest female-owned business employer. Register at nawbomemphis.org.

more events »

Last Word: Amazon Litmus Test, Tracing an Ascendant Foodie Scene and Exports

There are some very interesting and unexpected things happening around Memphis these days. And it is into that atmosphere that Amazon put out what amounts to a cattle call for cities across the country to apply to be the site of its $5 billion second North American headquarters with 50,000 job over several years promised. This in a city that is about to start moving on a $9 billion expansion by St. Jude that is about $1 billion capital and the rest research and technology and programming money. This may be the ultimate litmus test of how far we are from our once legendary inferiority complex.

Memphis Small Business Landscape Stable Amid Slow Economic Growth

While the local small-business landscape mirrors the national environment of a slowly growing economy keeping things stable, the lack of population growth is holding the Memphis area back from truly breaking out.

Deciding When to Expand is Tricky For Food Industry Entrepreneurs

Memphis historically has been a great place to birth a food business concept. From Perkins to Corky’s to Back Yard Burgers and everything in between, Memphis has seen many successful restaurant concepts expand beyond the city limits.

City Proposes 12 More Grants to Surviving ’68 Sanitation Workers

The city administration has identified a dozen more recipients for grants of $70,000 each to surviving city sanitation workers from 1968. That brings the total receiving the one-time payments to 26, with council action on the new grants scheduled for its Sept. 19 session.

ARTS & ENTERTAINMENT

Promoters Exporting Authenticity Of Memphis Music in Another Way

A new 5,000- to 6,000-seat concert venue at Graceland by early 2019 is competition. But it probably brings more customers to the overall market for concerts in the city, says the founder of Music Export Memphis, the city’s export office for the music business.

ENTREPRENEURSHIP

Entrepreneur Strikes Right Note At Pop-Up Shop

Visitors to Tonya Dyson’s pop-up music shop at Edge Alley are greeted by a few sights all at once. Walls adorned with music-themed art, shelves stocked with records from Memphis artists and cozy furniture all help give the impression they’ve stepped into the living room of a serious music fan.

LOCAL COLUMNISTS

Is Business Killing Our Creative Sprits?

This week there was an article in Inc. magazine that was wildly popular on social media. Elon Musk named his favorite books and there was only one business book out of 10. The rest were science fiction, classics, great books. Many were surprised to learn that Musk finds inspiration in the arts and other fields and finds the canon of management literate uninspired, clichéd, even boring.

Be Prepared to Strike While the Iron is Hot

Hurricanes Harvey and Irma. Charlottesville. DACA. These are just three “hot topics” that dominated traditional and online media recently. Here’s the question: Has your nonprofit increased its revenue, number of donors, people served or community profile as a result of recent national media attention?

Company Culture Crucial For Success

Company culture should be at the top of every leader’s priority list.

STATEWIDE

Prosecutor: Man Who Killed Holly Bobo Lived In 'Dark World'

SAVANNAH, Tenn. (AP) – A man who lived in the "dark, dark world" of methamphetamine and morphine abducted a Tennessee nursing student from her rural home in 2011, then drugged, raped and shot her before discarding her body and bragging about it, a prosecutor said Monday.

Regulators Await New Tests on Unsafe Cadmium Levels at Tennessee Landfill

CAMDEN, Tenn. (AP) – Unsafe levels of a cancer-causing metal have been found at an abandoned Tennessee landfill, and state regulators said last week they're awaiting new results to determine if there were errors in the lab or samples' quality.

Tennessee Gubernatorial Candidates Tout Support for Farmers

NASHVILLE, Tenn. (AP) – Tennessee's gubernatorial candidates are often keen to tout their support for farmers and rural communities as they campaign around the state. But former state Sen. Mae Beavers says she can outdo any of her rivals in terms of hands-on experience.

Corker Statement: 'Still Contemplating' Re-Election Run

WASHINGTON (AP) – Republican Sen. Bob Corker said Monday he is unsure about running for re-election, injecting fresh doubts into the GOP's efforts to tighten its hold on the Senate majority next year.

NATIONAL BUSINESS

Apple May Test the Bounds of iPhone Love With a $1,000 Model

SAN FRANCISCO (AP) – Apple is expected to sell its fanciest iPhone yet for $1,000, crossing into a new financial frontier that will test how much consumers are willing to pay for a device that's become an indispensable part of modern life.

Nordstrom is Opening Concept Store That Has No Inventory

SEATTLE (AP) – Nordstrom is opening up a store that doesn't have any inventory.

NATIONAL GOVERNMENT

Trump Administration Appeals to Supreme Court on Refugee Ban

WASHINGTON (AP) – The Trump administration is back at the Supreme Court, asking the justices to continue to allow strict enforcement of a temporary ban on refugees from around the world.

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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.