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VOL. TMN-9 | NO. 36 | Saturday, September 3, 2016
Weekly Issue

Mike Norvell Wins Coaching Debut

It was one of those grind-through-it practices before the first game of the college football season. Except that on this morning – 11 days before the University of Memphis would open the season at Liberty Bowl Memorial Stadium – the Tigers had taken a pass on the grinding.

Red-Hot Jobs

Positive Memphis-area jobs outlook mirrors state

With unemployment low and falling and competition stiff and rising, accounting firm DHG Memphis is putting the full-court press on recruiting and hiring.

Editorial: The Prosperity Mix in Memphis

There are jobs you have to take and jobs you want to take. As in other places, Memphis’ economy is a mix of the two, and our effort to have more of the jobs that allow for careers and growth is seen by most if not all of our civic leadership as the way to build prosperity.


ESPN: Memphis Out of Big 12 Expansion Consideration

The University of Memphis is not one of 11 schools still under consideration for Big 12 expansion, according to a report from espn.com on Friday, Sept. 2.

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Haslam To Call Special Legislative Session

Tennessee Gov. Bill Haslam said Friday, Sept. 2, he will seek a special session of the Tennessee Legislature before the end of the year to change a new state law that endangers $60 million in federal highway funding to the state.

Global Ministries Plans to Sell Its Subsidized Housing Portfolio

Memphis-based Global Ministries Foundation is getting out of the federally subsidized housing game with a move to sell all of its Memphis properties and about half of its nationwide portfolio, which includes complexes in eight states.

Shelby Farms Park Formally Debuts $70 Million Improvements

Opening a park that looks $70 million different isn’t a matter of lifting a curtain.

THE MEMPHIS NEWS ALMANAC

September 2-8, 2016: This week in Memphis history

2011: The Shelby County Commission has a list of 100 citizens interested in being appointed to seven positions on what will be a new 23-member countywide school board.

HEALTH CARE

Baptist Explores Possible Combination With Miss. Health System

Baptist Memorial Health Care Corp. has begun talks with Jackson, Miss.-based Mississippi Baptist Health Systems about how the two organizations can work together, talks that Baptist said Thursday could lead to a merger or combination of some kind in the future.

Nonprofit Church Health Center Rebrands

The Church Health Center celebrated its 29th birthday Thursday, Sept. 1, by rolling out a new name, tagline and logo in advance of its move to Crosstown Concourse early next year.

Tennessee Exchange Insurance Rates Soar Higher

People with health care insurance through the Tennessee Health Insurance Marketplace can expect significant rate hikes starting next year. The Tennessee Department of Insurance recently approved and released final rates for Individual ACA health policies for the calendar year 2017, and the increases were higher than anticipated.

Semmes Murphey Adds Four Doctors to Clinic

Semmes Murphey Clinic has brought on four new doctors who bring an expanded array of specialties to the clinic’s practice, including endovascular, physiatry, and deformity and complex spine treatments.

SMALL BUSINESS SPOTLIGHT

Concerts, Pop-Up Events and Beer Gardens Are Feeding Business at The TapBox

A traveling beer-mobile with a variety of taps on the side for easy pouring might sound like a dream straight from Homer Simpson’s head, but partners McCauley Williams, J.R. Kingsley and Justin Brooks of The TapBox have turned that dream into a reality, creating several multi-tap refrigerated devices that are popping up at more events across Memphis.

REAL ESTATE & DEVELOPMENT

Obscure Midtown Warehouse to Become Company’s HQ

The warehouse looks like a foreign object that sprouted in the middle of a Midtown neighborhood. Surrounding the two-story warehouse at 802 Rozelle St. are two-story, single-family homes with fenced yards. The adjacent CSX and Union Pacific railyard is the only indicator that this enclave was once an industrial area. After a $2 million renovation, the dated warehouse will emerge as a highly modern neighborhood asset.

Enoble's Headquarters Sells in Foreclosure

The four-story office building on Ridge Lake Boulevard that Enoble Business Capital spent $10 million to renovate has sold in foreclosure after its owner, Troika LLC, defaulted on a $9.8 million loan through First Tennessee Bank.

Nonconnah Center Sale Could Boost Market

In what is sure to be one of the top commercial real estate transactions of the year, the majority of the 1.2 million-square-foot Nonconnah Corporate Center has sold. ReMark Trust, an out-of-town investment group, purchased the property for $57 million.

Bike Share Attractive for Developers, Tenants

On both sides of the spectrum, real estate developers and tenants are attracted to bike share because proximity to the rental bikes makes areas attractive.

REAL ESTATE RECAP

Cordova’s Parkway Place Sells in Foreclosure

1250 N. Germantown Parkway -
Cordova’s Parkway Place shopping center and three adjacent properties have sold in foreclosure for $19.6 million.

COMMUNITY

Rocking 901

Civic pride initiative encourages Memphians to decorate, hide rocks

Later this week, a grassroots civic pride initiative focused on Memphis will manifest itself in the form of something resembling a makeshift Easter egg hunt. Only instead of eggs, this one involves rocks hidden around the city, and instead of pretty Easter designs they’ll generally be decorated with the pro-Memphis message “901 Rocks.”

Carter Says Disparities Keeping Underprivileged From Better Lives

Last week, former President Jimmy Carter and nearly 1,500 volunteers flocked to Uptown to build 19 homes that will help improve the lives of underprivileged Memphians. In between swinging hammers, Carter and former First Lady Rosalynn Carter took time to visit the blues bars of Beale Street. Carter said Beale Street bears commonalities with the National Civil Rights Museum in that both cultural touchstones have reclaimed the city’s history and bring local heritage into a greater context.

EDUCATION

McQueen Kicks Off High School Tour in Arlington

Logan Feathers has thought about playing professional football just about as long as he can remember.

SCS Ponders How to Pay For Retirees’ Insurance

Shelby County Schools board members approved an $8.4 million, three-year agreement with MetLife Insurance to continue life insurance coverage of school system retirees Tuesday, Aug. 30, but it will cost $7.2 million more for the same coverage.

TOURISM

Memphis in May Packs $88 Million Punch

The Memphis in May International Festival, in addition to goals that include cultivating international relationships, had a major impact this year on the Memphis area economy – to the tune of $88 million.

ECONOMIC DEVELOPMENT

Study Leads to Broader Call for Business Ties

Rodney Strong, CEO of the Atlanta law and public policy firm Griffin and Strong that authored city government’s latest disparity study on minority contracting, didn’t come to talk about the study last week when he spoke to a room of 40 African-American civic and business leaders.

GOVERNMENT & POLITICS

Luttrell May Veto Ordinance on County Attorney

Shelby County Commissioners have approved a ballot question for the Nov. 8 elections that would give them the final say if the county mayor moves to fire the county attorney.

Local Republicans Open Campaign HQ With Emphasis on Trump, Kustoff

Republican Congressional contender David Kustoff couldn’t resist as several dozen people gathered for the opening of the local Republican Party’s campaign headquarters Wednesday, Aug. 31, in East Memphis.

DOWNTOWN

DMC Continues to Adorn Downtown with Events, Art

A two-block alley will be the latest site for a Downtown art gallery. The Downtown Memphis Commission plans to install up to 10 different art projects along Barboro Alley, which stretches from Second Street to Front Street.

STARTUP CONFIDENTIAL

Farrow: ‘You Really Have to Listen to People’

It was a defining moment: When Hardy Farrow was a student at George Washington University in Washington, D.C., he became an intern with Teach for America. One day in a D.C. classroom, a fourth-grader asked him about where he went to college, and they began talking. 

ENTREPRENEURSHIP

Memphis Startup Ecosystem Expands With AgLaunch

Memphis’ startup ecosystem keeps getting bigger. Four startups have been chosen to participate in the inaugural round of a new agriculture-focused accelerator called AgLaunch. And yet another accelerator is launching soon in a partnership between the Start Co. organization and the city of Memphis focused on minority-owned businesses.

SPORTS

Redbirds’ Home Attendance Still a Rebuilding Project

On the last Saturday night of the summer at AutoZone Park, the Memphis Redbirds sold the place out and then some. The announced attendance of 11,041 represented the highest mark since the ballpark was renovated and reconfigured after the 2014 season.

AZP Glory Days Only Rarely Revisited

It began on April 1, 2000. The much-anticipated diamond gem Downtown was open for business.

Redbirds’ Patrick Wisdom Savors Every At-Bat

Memphis Redbirds third baseman Patrick Wisdom had lived by the old premise that you might as well swing hard in case you hit the ball. Or at least he did until fracturing a bone in his hand earlier this season. Wisdom missed several weeks and when he returned to action, the bone just mended, he naturally didn’t swing the bat with the same ferocious force.

A Day of ‘Firsts’ for Memphis Coach Mike Norvell and QB Riley Ferguson

If it feels like the opening of this college football season for the University of Memphis has been a long time coming, well, put yourself in first-year coach Mike Norvell’s turf shoes.

Mularkey Might Find Elusive Success in Third Shot

Is the third time the charm for Mike Mularkey? The Tennessee Titans certainly hope so.

MEMPHIS NEWSMAKERS

Courtney Joins Vet Staff At Downtown Animal Hospital

Veterinarian Dr. Jackie Courtney has joined Downtown Animal Hospital, where she specializes in critical pet care, internal medicine and exotic animal medicine. 

The Importance of Honesty

Recent events have brought this very basic idea back to the surface. Honesty should be a critical part of each of our professional and personal brands. Building and maintaining trusting relationships is such an important piece of a successful career.

SNAPSHOT

Snapshot: Legally Fashionable

The Memphis Bar Association held its sixth annual Seersucker Flash Mob at The Peabody hotel Wednesday, Aug. 31. It’s a growing tradition and a fundraiser for Memphis Area Legal Services and A Step Ahead Foundation.

LOCAL COLUMNISTS

Retirement Planning When You’re Self-Employed

Ray’s Take Most people who work dream of being their own boss at some point. While there are certainly some benefits, there are a good number of extra headwinds you don’t want to ignore.

Starve The Egos. Feed The Love.

GOODWILL IS AN ENDANGERED SPECIES. Remember how much we used to love the Memphis Zoo? I do.

Hiking Red Rock Beauty of Utah

Crossing into Utah from Colorado doesn’t present a sudden change in terrain.

Champ or Chomp, But Not Chump

A few years back I wrote a column in which I noted that champ at the bit had been used in my daily paper. Twice in one day. In different articles, a few pages apart.

How Top Sales Teams Maximize Trade Shows

Editor’s Note: This is the first in a two-part series. Your marketing team can go all out before a trade show. They can create a compelling booth design, write informative collateral and come up with exciting giveaways to grab attention.

Surviving An IRS Audit

Summer is the time for baseball, barbecue and family vacations. But it’s also audit season. We are now between traditional tax day – April 15 – and the fall deadline for individuals who filed extensions – Oct. 15. While audits take place year-round, this time of year is when taxpayers often receive “official correspondence” notices from the Internal Revenue Service.

Four Secrets to Nonprofit Growth

Editor’s note: Part one of a two-part interview with Kim MossWe recently had the opportunity to work with Memphis nonprofit consultant Kim Moss. He is a wealth of knowledge with 34 years experience in nonprofit administration. He knows about taking care of business.

Memphis Cut From Big 12 Expansion Consideration, ESPN Says

The University of Memphis is not one of 11 schools still under consideration for Big 12 expansion, according to a report from espn.com on Friday, Sept. 2.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 52 374 8,123
MORTGAGES 52 433 9,632
FORECLOSURE NOTICES 22 103 1,461
BUILDING PERMITS 218 906 17,513
BANKRUPTCIES 45 252 5,658
BUSINESS LICENSES 0 143 3,091
UTILITY CONNECTIONS 24 152 3,402
MARRIAGE LICENSES 38 158 1,846

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