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Editorial Results (free)

1. Thomas & Betts to Invest $20.7 Million in Expansion -

Thomas & Betts plans to add 75 employees and invest $20.7 million in its headquarters relocation in Memphis and is seeking a 15-year payment-in-lieu-of-taxes (PILOT) incentive to help defray those costs.

2. Yellen Tells Congress to Expect More Rate Hikes -

WASHINGTON (AP) – Federal Reserve Chair Janet Yellen told Congress on Wednesday that the central bank expects to keep raising a key interest rate at a gradual pace and also plans to start trimming its massive bond holdings this year.

3. Honor Your Muse, Part 1 -

Editor’s note: Part one in a three-part series. Recently, more and more people ask me about launching their own business. They see something liberating about leaping into the unknown, owning their own destiny and not having to make compromises they are forced to make in their current situation.

4. Bruster’s Ice Cream To Open on Highland Strip -

The Highland Strip will soon be home to a tasty new tenant.

Bruster’s Real Ice Cream plans to move into the 1,300-square-foot space at 571 Highland St., with construction set to begin soon and an expected opening date late this year, according to Loeb Properties Inc.

5. QVC Parent Buying HSN as Shopping Shifts Online -

NEW YORK (AP) – QVC's parent company is taking control of the Home Shopping Network for about $2.6 billion in stock to create what they say will be the third-largest e-commerce company in the United States.

6. Tenth Anniversary of Minority Business-Focused Forum on Tap -

The 10th anniversary gathering of the Economic Development Forum will bring together top decision-makers and business executives when it convenes June 27-29 at the Guest House at Graceland.

The forum is produced by the Mid-South Minority Business Council Continuum and the Memphis MBDA Business Center.

7. Community Rx -

As one of the city’s premier medical institutions, Le Bonheur Children’s Hospital stays as busy as you might expect for an organization that tries to operate on the leading edge of pediatric care.

8. Chamber Names 2017 Young Memphian Winners -

The Greater Memphis Chamber has announced its official 2017 Young Memphians list, which will be featured in the summer issue of Memphis Crossroads Magazine.

Nominations for the Young Memphians award were submitted via the chamber’s website, social media outlets and email. All nominees must be under 40 and a member of the Greater Memphis Chamber.

9. Whitehaven Unveils New Development Direction -

It’s been 10 months since Rev. Earle Fisher was among the individuals turned away from Graceland’s annual candlelight vigil by Memphis police in a reaction to possible protests at the event.

10. ServiceMaster Opens ‘Ground Floor’ Innovation Center Downtown -

The Ground Floor, ServiceMaster’s 20,000-square-foot innovation center located in the former home of Tower Records, formally opened Thursday, June 15 – marking the first completed phase of the Memphis-based company’s Downtown relocation.

11. Whitehaven Leaders Unveil New Economic Development Group -

It’s been 10 months since Rev. Earle Fisher was among those turned away from Graceland’s annual candlelight vigil by Memphis Police in a reaction to possible protests at the vigil commemorating the anniversary of Elvis Presley’s death.

12. Events -

The Memphis Juneteenth Jobs & Career Fair will be held Tuesday, June 13, from 10 a.m. to 2 p.m. at St. Andrew AME Church, 867 South Parkway E. Human resources directors and executives from more than 25 Memphis and Mid-South companies will be on hand to discuss opportunities; attendees are encouraged to bring resumes. For more information, contact Telisa Franklin at memphisjuneteenth@gmail.com or 901-281-6337.

13. Events -

The Memphis Area Transit Authority will participate in the 12th annual National Dump the Pump Day Thursday, June 15, by offering free rides in Memphis, Shelby County and West Memphis on its paratransit vehicles, fixed-route buses and rubber-tired trolley buses. For details and route maps, visit matatransit.com.

14. Van Cleef Supports Memphis Public Schools -

A national study found that Memphis has the highest percentage of “disconnected youth” – people between the ages of 16 and 24 who are neither working nor in school – of any large U.S. city. While it’s possible to estimate what that costs taxpayers in lost productivity and social services, assessing the cost to an individual young person is much harder.

15. Winds of Change -

Humans have been harnessing the power of the wind since the first Egyptians began to use sails to move their boats along the Nile. More than 7,000 years later, wind power capacity in the U.S. alone has surpassed 82 gigawatts, or enough energy to power 20 million homes, making it the largest renewable generation capacity in the country.

16. Barbecue Restaurant Scene Heats Up in Memphis -

Memphis has enjoyed a bumper crop of barbecue restaurant news in recent weeks, from tweaks to some business’ existing locations and plans by others to expand. And that trend isn’t letting up anytime soon.

17. Fogelman Awarded 15 New Management Contracts -

Memphis-based Fogelman Management Group has recently been awarded management of 15 multifamily communities totaling more than 5,000 units in five states, the company announced Wednesday, May 24.

The new contracts include management of two Memphis properties – the 148-unit Tennessee Brewery and 300-unit Legends of Wolfchase – along with three Nashville communities totaling 1,167 units. Outside of Tennessee, the new additions include three Atlanta, Georgia, properties totaling 967 units; a 239-unit property in Charlotte, North Carolina; a 294-unit community in Charleston, South Carolina; and five Florida properties totaling 2,175 units.

18. Fogelman Awarded 15 New Management Contracts -

Memphis-based Fogelman Management Group has recently been awarded management of 15 multifamily communities totaling more than 5,000 units in five states, the company announced Wednesday, May 24.

The new contracts include management of two Memphis properties – the 148-unit Tennessee Brewery and 300-unit Legends of Wolfchase – along with three Nashville communities totaling 1,167 units. Outside of Tennessee, the new additions include three Atlanta, Georgia, properties totaling 967 units; a 239-unit property in Charlotte, North Carolina; a 294-unit community in Charleston, South Carolina; and five Florida properties totaling 2,175 units.

19. Faropoint Acquires Massive Industrial Portfolio for $33.1M -

Looking to continue its recent trend of bullish activity in the Memphis market, Faropoint Ventures has acquired a 1.1-million-square-foot industrial portfolio for $33.1 million. Details on that and more commercial real estate news in this week's Real Estate Recap...

20. Innova, AgLaunch Partner On New Innovation Fund -

The venture capital firm Innova Memphis will include the venture development organization and accelerator AgLaunch in a new $31 million agriculture innovation fund.

The fund, which is Innova’s fourth since it was founded 10 years ago by Memphis Bioworks, is certified and licensed by the USDA’s Rural Business Investment Program as a rural business investment company.

21. Haslam: Achievement School District Still Needed, But Changes Near -

Tennessee Gov. Bill Haslam says there is a continuing need for the state-run Achievement School District. But the school district for the bottom 5 percent of schools in the state, in terms of academic achievement, is being “streamlined,” Haslam said last week during a visit to the Aspire Coleman Elementary School in Raleigh.

22. Soaring Costs -

With more than 800 million passengers zipping through U.S. airports in 2016 and air cargo accounting for more than one-third of the world’s trade by value, the nation has become increasingly dependent on air travel to stay competitive. But what sometimes get lost is the amount of upkeep needed to maintain the infrastructure of these self-contained cities.

23. Faropoint Acquires Massive Industrial Portfolio for $33.1M -

Looking to continue its recent trend of bullish activity in the Memphis market, Faropoint Ventures has acquired a 1.1 million-square-foot industrial portfolio for $33.1 million.

The seller was Greenfield Partners LLC, a Connecticut-based private equity firm. 

24. Shelby County Mortgage Market Slips Slightly in April -

Shelby County’s mortgage market kicked off the second quarter in April by slipping a little on a total volume basis, although the market is still looking better year-to-date than it did at this time last year.

25. Kemmons Wilson Cos. Continues in the Spirit of its Founder -

McLean T. Wilson has a statistic he likes to keep top of mind: 94 percent of third-generations businesses fail. Kemmons Wilson Cos. (KWC), the enterprise founded by McLean’s grandfather, Kemmons Wilson, is in the other 6 percent.

26. Think Twice Before You Change Jobs -

It was a recognition that is fading out of existence. At a professional meeting where I spoke recently, I wanted to recognize those in the group who had dedicated service and longevity with a gift certificate. To my surprise, there were four with more than 50 years of continuous service, and several more not far behind. It was inspirational to see that kind of commitment and growth, both personally and professionally.

27. Memphis Chamber Sets Goal for Local, Minority Contracts -

The Greater Memphis Chamber has set a goal of 600 new business-to-business contracts for minority- and women-owned enterprises and locally-owned firms by the end of the year.

The goal, split 50-50 between the two kinds of contracting and hiring by private businesses, was announced Thursday, April 20, at the chamber’s quarterly Small Business Council breakfast in East Memphis.

28. Entrepreneurship Is in the Water -

“There’s something in the water.” I often heard that expression when someone referenced a widespread occurrence, the cause of which was puzzling or unexplainable. But if it’s Memphis water, I know what is in it: the soul of an entrepreneur.

29. Trump Targets Trade Abuses With Executive Orders -

WASHINGTON (AP) – President Donald Trump signed a pair of executive orders Friday focused on reducing the trade deficit just days before he holds his first meeting with his Chinese counterpart.

30. Community Groups Working to Bridge Economic Development Gaps -

When a $1 million award for North Memphis was announced recently, it signaled an opportunity to bring change to those communities.

North Memphis received a $1 million award through the Strong, Prosperous, And Resilient Communities Challenge (SPARCC) that went to the Memphis Partners for Resilient Communities. But in the Klondike and Smokey City neighborhoods of North Memphis, work has been underway for years to support the people who live and work there in the form of the Klondike Smokey City Community Development Corp.

31. Binghampton Gateway Builds on Decade of Momentum -

While construction recently began on the large-scale Binghampton Gateway Center and more development is on the way, the revitalization process to bring businesses and jobs back to the distressed Binghampton area began more than a decade ago.

32. What Did You Learn Today? -

Remember that question from your parents when you returned home from school: “What did you learn in school today?” And your parents, ever hopeful, dreaded your answer: “Nothing.” Actually, you did learn something, even if you didn’t want to engage in conversation about it.

33. Sears, Once a Stalwart, Has ‘Substantial Doubt’ About Future -

NEW YORK (AP) – Sears, a back-to-school shopping destination for generations of kids and the place newlyweds went to choose appliances, has said that after years of losing money that there is "substantial doubt" it will be able to keep its doors open.

34. Fowlkes: Startups Create Most Net New Jobs -

Start Co. president Andre Fowlkes thinks most people in Memphis and communities like Memphis either ignore or misunderstand where most net new jobs are coming from these days.

35. Blake Solutions Finishes Rebranding -

Locally owned Blake Solutions has unveiled a new name and new look in an effort to reflect its growth in the multiunit surfaces industry, which includes hospitality, student housing, multifamily, and senior living.

36. Intel Drops $15B on Mobileye in Race for a Driverless Future -

DETROIT (AP) – Intel will buy Israel's Mobileye in a deal valued at about $15 billion, instantly propelling the computer chip and technology giant to the forefront of autonomous vehicle technology.

37. Regional Innovation Underutilized in Memphis -

In San Francisco, the Bay Area Economic Council developed the Innovation Driven Economic Development Model to address shifts from old economies of the industrial age to new, creative economies. With this approach, economic growth sits at the intersection of expertise, interaction or collaboration, diversity, and application with innovation all working in concert.

38. MMDC Competition Winners Aim to Improve Medical District Efficiency -

MedHaul and Sparco Projectpedia were the winning ideas from the recent Memphis Medical District Collaborative (MMDC) Operation Opportunity business plan competition, and the entrepreneurs behind the concepts will now work with EPIcenter to cultivate them into successful ventures.

39. Binghampton Gateway Comes to Food Desert -

The groundbreaking of a shopping center doesn’t always attract a large crowd of city officials and TV cameras, but then again not every shopping center is an oasis in the middle of a food desert.

40. Binghampton Gateway Center Spells End for Inner City Food Desert -

The groundbreaking of a shopping center doesn’t always attract a large crowd of city officials and TV cameras, but then again not every shopping center is an oasis in the middle of a food desert.

41. Sedgwick to Occupy Thomas & Betts HQ, TNB Shopping Memphis for New Home -

New details are continuing to emerge after Sedgwick Claims Management Services' blockbuster announcement Monday to consolidate and expand its corporate headquarters.

Sedgwick will apply for a 15-year Expansion PILOT that will enable the company to retain 865 jobs, create 130 new jobs, and invest $33 million into their new facility, according to papers filed with the Economic Development Growth Engine for Memphis and Shelby County.

42. Attorney Harkavy Named To Wyatt’s Executive Committee -

Lee A. Harkavy is one of two attorneys from the Memphis office of Wyatt, Tarrant & Combs LLP to be named to the regional law firm’s executive committee. Harkavy is a commercial transactional attorney focused primarily on representing businesses in their external growth endeavors or exit strategies. In that capacity, he advises clients on mergers, acquisitions and dispositions, and capital-raising transactions.

43. Local Soul Taking the Pain Out of Fundraising -

For Local Soul founder Cade Peeper, keeping things as “hyper local” as possible is a big focus heading into the company’s launch year into the Greater Memphis market.

44. Fed Leaves Key Rate Unchanged at a Time of Uncertainty -

WASHINGTON (AP) – The Federal Reserve has left its key interest rate unchanged at a time of solid economic gains but also heightened uncertainty surrounding the new Trump administration.

45. At a Moment of Uncertainty, Fed Likely to Leave Rates Alone -

WASHINGTON (AP) – The Federal Reserve is all but sure to leave interest rates alone when it ends a policy meeting Wednesday at a time of steady gains for the U.S. economy but also heightened uncertainty surrounding the new Trump administration.

46. White House Doubles Down on Trump's Voter Fraud Claim -

WASHINGTON (AP) – The White House on Tuesday stuck firmly to President Donald Trump's claim that millions of people voted illegally in the November election, but provided no evidence to back up his assertion.

47. Ernest Strickland Takes On Workforce Role at Chamber -

The Greater Memphis Chamber has promoted Ernest Strickland to senior vice president of workforce development, a newly created role. Strickland, who has worked at the chamber since 2006, previously served as vice president of international and business partnerships.
In his new position, he is responsible for creating and implementing the chamber’s workforce development strategy. His department serves as a liaison, working directly with existing and prospective businesses to ensure they are able to attract and retain a qualified workforce today and in the future.

48. Pinnacle, The Works Inc. Partner for Homebuyers -

Pinnacle Financial Partners and Memphis nonprofit The Works Inc. have teamed up to help low- and moderate-income consumers and families buy homes for the first time.

The bank is funding a loan pool of $500,000 intended to help with the purchase of low-cost homes that might otherwise go unoccupied.

49. Pinnacle, The Works Inc. Partner for Homebuyers -

Pinnacle Financial Partners and Memphis nonprofit The Works Inc. have teamed up to help low- and moderate-income consumers and families buy homes for the first time.

50. McDonald's Sells China Business in Deal Worth Up to $2.1B -

HONG KONG (AP) – Fast-food giant McDonald's is selling a controlling stake in its China business to a group of investors led by state-owned Chinese conglomerate Citic in a deal worth up to $2.1 billion, the companies said Monday.

51. Becoming A Partner of Choice -

A talk by Johnson & Johnson executives Janette Edelstein, director external innovation, and Chris Ryan, director innovation sourcing.

52. Fogelman Acquires Two Apartment Communities -

Memphis-based Fogelman Properties acquired a pair of multifamily apartment communities in Georgia and South Carolina, totaling a combined 540 units.

The communities were acquired in a joint venture with Dallas, Texas-based Thackeray Partners and mark the third and fourth multifamily investments by the partnership since 2015.

53. Fogelman Acquires Two Apartment Communities -

Memphis-based Fogelman Properties acquired a pair of multifamily apartment communities in Georgia and South Carolina, totaling a combined 540 units.

The communities were acquired in a joint venture with Dallas, Texas-based Thackeray Partners and mark the third and fourth multifamily investments by the partnership since 2015.

54. Nordstrom Rack Files $1.5M Permit for Memphis Store -

4572 Poplar Ave.

Memphis, TN 38117

Permit Amount: $1.5 million

Project Cost: $25.2 million

Application Date: December 2016

55. Memphis Bioworks Surpasses Goals of Labor Department Job-Training Grant -

The Memphis Bioworks Foundation is serious about workforce development and job training, along with the other high-profile work for which it’s known, like investing in companies related to bioscience and sustainability.

56. Mold the Future Of Unplanned Purchases -

A Back End of Innovation Conference talk by Melissa Crompton, senior manager, New Model Innovation, The Hershey Co. In this changing retail landscape where trips in-store are down, how does a highly impulsive category remain relevant? And how do we become relevant to new audiences who are not going in stores? 

57. Riding Momentum -

Around this time each year, everyone tends to start fetishizing the blank slate a bit, with its attendant allure of reinvention and that sweeping away of the old order to make way for what comes next.

58. Nordstrom Rack Files $1.5M Permit For Memphis Store -

Nordstrom Rack is moving one step closer to opening an East Memphis location in 2017.

The Seattle-based retailer has filed a $1.5 million building permit application with the city-county Office of Construction Code Enforcement for its store at 4572 Poplar Ave. in the future Poplar Commons retail center.

59. Memphis-Area Planned Parenthood Nears $12 Million Fundraising Goal -

Bracing for an uncertain future as President-elect Donald Trump prepares to take office, Planned Parenthood of the Greater Memphis Region is taking steps to stay operational in the event of losing its federal funding.

60. Chairman's Circle Moon Missions Are Taking Flight -

Although the Greater Memphis Chamber’s Chairman’s Circle and its Moon Missions are designed to bring change on a long-term scale, some of the missions are already having a tangible effect on the community.

61. $950M Deal Would Make Fred's No. 3 Nationwide -

Memphis-based Fred’s Inc. has agreed to buy 865 Rite Aid stores from Walgreens Boots Alliance Inc. and Rite Aid Corp. for $950 million, which will make Fred's the third-largest drugstore chain nationwide.

62. Renasant Corp. Kicks Off Common Stock Offering -

For the parent company of Renasant Bank, now looked like the perfect time to kick off a common stock offering that will bring more than $75 million into the company’s coffers.

63. Last Word: TNReady Scores, Ikea Day and 901REnews -

Snap goes the streak. Cavs over the Grizz in Cleveland Tuesday 103-86. The Cavs are here Wednesday without LeBron James, Kevin Love or Kyrie Irving. For the Grizz, we shall see about Deyonta Davis who came out of Tuesday’s game with a left foot injury.

64. Medical District Using Tactical Urbanism to Increase Walkability -

Redevelopment in dense city centers provides a unique set of problems for urban planners. Decades and sometimes centuries of overlapping growth make utilizing every possible square foot of land a necessity.

65. Trump Picks Fast Food Executive Andrew Puzder for Labor -

WASHINGTON (AP) — President-elect Donald Trump plans to add another wealthy business person and elite donor to his Cabinet, saying he would nominate fast-food executive Andrew Puzder as labor secretary.

66. Memphis Wins ‘Maker City’ Designation from Etsy -

The local community of makers and artisan entrepreneurs this year has been the subject of increased attention from the city and other key stakeholders who want to learn more about and ultimately see that community expand.

67. Memphis Chamber Announces ‘10 to Watch’ -

The Greater Memphis Chamber has released its annual “10 to Watch” list, which recognizes member companies and organizations whose focus and passion have brought success in the past year and positioned them for future growth.

68. Lennox Cos. Raising Its Profile -

When Lennox Cos. was founded in 2014, the upstart apartment management company owned only three properties with 800 units, but a mere 2 ½ years later it manages 18 properties with more than 3,700 units.

69. Memphis Chamber Announces ‘10 to Watch’ -

The Greater Memphis Chamber has released its annual “10 to Watch” list, which recognizes member companies and organizations whose focus and passion have brought success in the past year and positioned them for future growth.

70. Olive Branch Operation Eyes Relocation to Memphis -

International Distributors USA Inc., which distributes automotive filters under the brand Premium Guard, has applied for a 10-year Fast Track PILOT to move its national distribution center out of Olive Branch and into Hickory Hill.

71. Expanding Care -

With the arrival of the holiday shopping season, dozens of major retailers – brands from Best Buy to Williams-Sonoma to Brooks Brothers and New York & Co. – as well as the consumers who patronize them will also be turning their attention to St. Jude Children’s Research Hospital.

72. Real Estate Awakening -

The year’s biggest office deal didn’t affect Memphis’ office absorption at all, but everyone in real estate has felt its reverberations.

When ServiceMaster Global Holdings announced its move to the shuttered Peabody Place Mall from Ridge Lake office park, it promised new life for a 328,000-square-foot black hole in Downtown’s retail market.

73. Last Word: The Grizz Are Back, Bass Pro Shops Buys Cabela's and Stein at Amurica -

Some of you will remember the late George Lapides, whom I worked with for a time at WREC, had a policy about pre-season baseball games or what he called the “Grapefruit League.” It was that they didn’t exist. He wouldn’t acknowledge the games much less the scores.

74. Inferno Links Its Success, Growth To Community-Centric Mindset -

Before there were interns, companywide philanthropic endeavors or national clients, the founders of Memphis-based inferno made a key decision about their company’s name.

"We made a decision early on that we weren't going to use our names," said Michael Overton, one of the founding partners of the advertising, public relations and marketing firm.

75. Taylor to Head Beale Street Merchants Association -

The new director of the Beale Street Merchants Association will also work for Caissa Public Strategy in a partnership between the marketing firm and the merchants in the entertainment district.

Ken Taylor was named the new director on Monday, Sept. 12, by the board of the organization that includes tenants and business owners on Beale.

76. Taylor to Head Beale Street Merchants Association -

The new director of the Beale Street Merchants Association will also work for Caissa Public Strategy in a partnership between the marketing firm and the merchants in the entertainment district.

Ken Taylor was named the new director on Monday, Sept. 12, by the board of the organization that includes tenants and business owners on Beale.

77. 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.

78. 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. 

79. Wiseacre’s Coliseum Plan Fueled By Growth -

Council chairman Kemp Conrad noted the timing is “hot off Overton Park and the Greensward” – the protracted controversy the council was heavily involved in. “I do think it’s going to move fast one way or another,” Conrad said Tuesday, Aug. 9, of the concept of a new Wiseacre brewery in the Coliseum.

80. Books From Birth Taps Wicks As New ED -

Since joining Books from Birth in 2014 Jamila Wicks has done everything from develop a corporate gift strategy to strengthen the non-profit’s relationships with civic and business leaders throughout Shelby County.

81. Amazon Unveils Cargo Plane As It Expands Delivery Network -

SEATTLE (AP) – Seattle-based Amazon is unveiling its first branded cargo plane, one of 40 jetliners that will make up the e-commerce giant's own air transportation network as it takes more control of its delivery process.

82. Game-Changer -

So as it turns out, the FedEx St. Jude Classic in June was a missed opportunity. No one in the gallery shouted, “University of Memphis – Big 12!” The tournament’s “Hush Y’all” signs were obeyed and to no good end.

83. Time Warner Invests in Hulu in Win for Cable Cord-Cutters -

NEW YORK (AP) – In another win for cable cord-cutters, Time Warner has become the latest media company to invest in streaming service Hulu.

The move could boost the viability of an online TV service that Hulu is expected to launch next year as an alternative to cable TV. Sony and Dish already operate online TV services, while Apple has expressed interest in one, according to published reports. None of those companies, however, have the networks themselves as full partners or owners, the way Hulu does.

84. Locally Produced Drink Concept Memfizz Expanding Around City -

The owners of Otherlands Coffee Bar didn’t realize at first they had a hit on their hands, one with wider commercial potential.

About a month ago, Otherlands owner Karen Lebovitz and her husband Steve Cantor took a fizzy, natural probiotic soda they’d been offering at the coffee spot out to the wider world. They branded it Memfizz, hooked up with Memphis-based consultancy Southern Growth Studio, and after just a month have put the product on the shelves in 12 Memphis locations.

85. TAG Truck Center to Occupy Mall of Memphis Land -

4430 American Way

Memphis, TN 38118

Permit Amount: $28 million

Application Date: July 2016

86. TAG Expects Truck Facility to be Operational by Mid-2017 -

TAG Truck Center is moving forward with a $28 million trucking facility at the former site of the Mall of Memphis. Contractor Linkous Construction Co. recently filed two building permits for TAG’s new headquarters.

87. Q2 Data Show Strong Memphis Economy -

From lending activity to bank data to anecdotal evidence from businesses in the area, the Memphis economy seems to be moving into the summer months from a position of strength.

That’s based on a comprehensive look at second quarter metrics and data – everything from recaps of big real estate deals to home sale numbers and the stock prices of Memphis-based companies – included in The Daily News Quarterly Review.

88. Traffic Rises 7.6 Percent At Memphis Airport in May -

May marked the 13th consecutive month of year-over-year traffic growth at Memphis International Airport, which saw a 7.6 percent increase in origination and destination (O&D) enplanements compared to 2015, the airport reported Thursday, July 7.

89. Traffic at Memphis Airport Rises 7.6 Percent in May -

May marked the 13th consecutive month of year-over-year traffic growth at Memphis International Airport, which saw a 7.6 percent increase in origination and destination (O&D) enplanements compared to 2015, the airport reported Thursday, July 7.

90. Memphis International Raceway Readies for World Series of Drag Racing -

No one is suggesting that Memphis International Raceway will duplicate the economic impact numbers generated by the Bristol Motor Speedway. For those numbers – more than $417 million in direct economic impact from 2012 to 2014 – are otherworldly.

91. Evolution of Memphis’ Startup Ecosystem -

In 2014, Start Co. partnered with Jumpstart America, a venture development organization from Cleveland, Ohio, that has created a decades-long legacy of entrepreneurship in communities like ours.

92. 10 Years After Housing Peaked, US is More of a Renter Nation -

MOUNT PLEASANT, South Carolina (AP) – It's a troublesome story playing out across America in the 10 years since the housing bubble peaked and then burst in a ruinous crash: As real estate has climbed back, homeowners are thriving while renters are struggling.

93. Tennessee Lagging On Alternative Energy -

Tennessee has never been at the forefront of alternative energy. If California is the cool kid tapped in on all the latest advances, we could be considered the behind-the-times cousin always trying to play catch up.

94. EDGE Grants Incentives for TAG Truck Center, Turner Dairy -

Two longtime Memphis-area companies secured tax incentives at the June meeting of the Memphis-Shelby County Economic Development Growth Engine.

The payment-in-lieu-of-taxes will support TAG Truck Enterprises LLC’s plans for the former Mall of Memphis site as well as an expansion of Turner Dairy in the heart of Midtown.

95. Nordstrom Rack-Anchored Center Gets $15.5M Construction -

4572 Poplar Ave.
Memphis, TN 38117

Permit Amount: $10.5 million

Project Cost: $15.5 million

Completion: Fall 2017

96. Poplar Commons Developers Pull Permits Totaling $15.5M -

The developer of the Poplar Commons shopping center, which will open in fall 2017, has applied for its first batch of construction permits for the 135,000-square-foot center.

The largest permit Seritage Growth Partners is seeking is $10.5 million for a single-story retail building at 4572 Poplar Ave., labeled as building 1.

97. Poplar Commons Developers Pull Permits Totaling $15.5 Million -

The developer of the Poplar Commons shopping center, which will open in fall 2017, has applied for its first batch of construction permits for the 135,000-square-foot center.

The largest permit Seritage Growth Partners is seeking is $10.5 million for a single-story retail building at 4572 Poplar Ave., labeled as building 1.

98. Grant Touts Ghost River Brewing as Neighborhood Asset -

The Center City Development Corp. has awarded its largest storefront improvement grant to date to Ghost River Brewing Co., which plans to use the $65,500 to building an outside patio and taproom at its 827 S. Main St. facility.

99. Ghost River Expanding in South Main -

Ghost River Brewing Co. is adding to its South Main presence with a planned taproom to launch this October.

100. Memphis MSA Industrial Sector Has A Strong First Quarter After Record 2015 -

The Memphis MSA industrial sector had a strong first quarter after a record-breaking year in 2015.

Last year saw a record absorption rate of 8.4 million square feet, which is 2 million square feet higher than 2006’s pre-recession levels.