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Editorial Results (free)

1. When Suppliers Innovate -

One of the greatest thrills of a career is when you see a nice client thrive and prosper. Recently, I was flown to the West Coast with a client to co-present the findings of a few innovation projects. We had an esteemed audience, including senior vice presidents of marketing, procurement and sales, and a few vice presidents, too.

2. ATA Expands Memphis Presence With Cannon & Co. Acquisition -

Regional accounting firm Alexander Thompson Arnold PLLC kicked off the new year with the acquisition of Memphis-based Cannon & Co., strengthening its footprint in the market with an eye on future growth and expansion.

3. Christine Staples Joins Buckman As VP of Water Technologies -

Christine Staples recently joined Memphis-based Buckman as global vice president of water technologies. She comes to Buckman from Ecolab, where she held a number of executive leadership positions in both the water and energy industries.

4. Staples Joins Buckman As VP of Water Technologies -

Christine Staples recently joined Memphis-based Buckman as global vice president of water technologies. She comes to Buckman from Ecolab, where she held a number of executive leadership positions in both the water and energy industries.

5. Last Word: Credit Hours & Tn Promise, Opioid Differences and Nikki's Hot Rebrand -

A very busy Monday and I feel like some of this is may be fueled by some of us just now getting completely over the flu or someone close who has the flu for the first time in the New Year. Whatever the case, Monday came with a curtain call of sorts by Tennessee Gov. Bill Haslam, a court order on the Confederate monuments, year-end stats on crime in Memphis and countywide… a PILOT here, a building permit or three there.

6. Rolling on the River -

Despite being the fifth-largest inland port in the United States, the Port of Memphis often gets outshined by its counterparts like Memphis International Airport and BNSF Railway’s intermodal facilities. 

7. What a Kick -

Peter Freund is a baseball guy. Grew up on the New York Yankees. Today, not only is he principal owner of the Memphis Redbirds, he owns stakes in other minor league teams through his Trinity Baseball Holdings and even has a small slice of the Yankees. But make no mistake, he is a businessman. And it was the businessman in him that was convinced to bring a United Soccer League (USL) team to Memphis and AutoZone Park for the 2019 season.

8. Fogelman Properties Acquires Atlanta-Area Apartments -

Memphis-based Fogelman Properties has acquired Nesbit Ferry Crossing Apartments, a 284-unit, multifamily development in the Atlanta suburb of Alpharetta, Georgia.

Fogelman, which will rebrand the property as Station Heights Apartments, plans to upgrade the unit interiors and invest in enhancements to common-area amenities.

9. Memphis Experts See Economic Growth Building Off 2017 Into 2018 -

With resolutions made and the new year now, another annual exercise rises to the forefront – predictions on what Memphis and its economy can expect in 2018.

If 2017 taught us anything, it’s that there’s so much we won’t be able to even remotely see coming, from Memphis bidding to become the potential home for Amazon’s second headquarters to action finally being taken on the Confederate monuments in city parks and so much more.

10. We’re No. 1! -

While tax law changes have some worried about the impact on charitable giving in 2018, Community Foundation of Greater Memphis president Robert Fockler points to Memphis’s historical standing as a generous city and his foundation’s own growth as reasons he is not worried as the calendar flips to a new year.

11. Getting Connected -

Ivan Ortiz found himself not too long ago with a passing interest in pursuing an IT career – passing, in that he wasn’t completely sure about it, nor was he totally sure how to make it a reality.

12. Financial Tech Firm Opening Tennessee Operations Site -

Financial services company Avant LLC is bringing 200 jobs to East Tennessee with a soon-to-open call center in Blount County.

13. Innovation Metrics: Rock, Lava, Smoke -

When organizations begin their innovation journey, they have no idea how to account for the many forms of value that gets created. They may also have dormant fears about changing modes of work to effectively innovate.

14. 2017 a Year of Expansion for Memphis Banks -

The biggest banks in Memphis made aggressive pushes this year to raise their profiles and expand footprints, as competition in the sector heats up and the industry continues winning back the strength it enjoyed before the bust of 2008.

15. California Chemical Company to Expand in Memphis, Create 100 Jobs -

Agilent Technologies, a life sciences, diagnostics and applied chemicals company, has announced it will be expanding its operations in Memphis, which will result in 100 new jobs.

Headquartered in Santa Clara, California, Agilent’s expansion will make the Memphis logistics facility the company’s primary American distribution center.

16. U of M Launching Additive Manufacturing Initiative -

The University of Memphis has announced an additive manufacturing initiative to enhance the application of advanced 3-D printing technology in modern manufacturing. The initiative will be supported by a $2 million investment in equipment and laboratory infrastructure, robust collaboration with local industry and a team of faculty researchers.

17. Something In The Water -

The Society of Entrepreneurs in Memphis held a book signing and panel discussion at Novel bookstore last week for the society’s book, “There’s Something in the Water.” The book commemorates the 25th anniversary of the society and profiles the entrepreneurial accomplishments of each member.

18. University of Memphis Launching Additive Manufacturing Initiative -

The University of Memphis has announced an additive manufacturing initiative to enhance the application of advanced 3-D printing technology in modern manufacturing. The initiative will be supported by a $2 million investment in equipment and laboratory infrastructure, robust collaboration with local industry and a team of faculty researchers.

19. Last Word: Bredesen's Return, Ford's Exit and Otis Redding 50 Years On -

Former Tennessee Gov. and Nashville mayor Phil Bredesen formally entered the 2018 race for the U.S. Senate Thursday via a YouTube video. AP on Bredesen’s entry and his background. Republican partisans are already assuming Bredesen is the Democratic nominee and Democratic partisans are already assuming U.S. Rep. Marsha Blackburn is the Republican nominee. And the expectation of such a match up automatically went on the list of midterm races that those on both sides and pundits inbetween will be watching to get a read on national trends.

20. Food Fancy -

Say what you want about the kind of city Memphis is or isn’t for foodies who prefer originality to the chains and knockoffs that are so familiar a sight in suburbia. But let it be known that 2017 was another year of ascendancy for Memphis’ singular, distinctive food scene, with the constant arrival of new concepts and experiences that in turn also says something about the city that patronizes those establishments.

21. Lesley Brown Steers Local Education to True North -

Try not to smile when you hear Lesley Brown use the word “kiddos.” I dare you. Try not to feel an immediate rush of care for the children she’s dedicating her career to advancing and engaging.

22. Hospital Indemnity Coverage On the Rise -

As a way of offsetting high out-of-pocket medical expenses following a hospital stay, including ambulance costs, more employees are adding supplemental hospital indemnity coverage to their plans through their employers. With the cost of the average hospital stay at nearly $20,000 in Tennessee and the average cost per night topping $4,800, “gap plans” are becoming more popular ways for people to bridge the gap on potential expenses.

23. Growth Spurt -

Executives with Pinnacle Financial Partners in Memphis are “so granular” in maintaining a pipeline of candidates they’d like to recruit to work at the bank that they meet every week to discuss the pool of potential hires.

24. Outside Investors to Purchase Gibson Factory in Downtown Memphis -

Investment firms in New York and Miami have purchased the Gibson Guitar Factory property in Downtown Memphis and an additional warehouse Gibson Brands Inc. owns in Nashville.

25. How to Speed Up Innovation -

A keynote presentation at the Back End of Innovation 2017 Conference by Fred Tavan, global head of innovation lab, reinsurance and insurance risk, Sun Life Financial

“My main concern is speed to market,” starts Fred, “as I have seen many innovators lose hope. The antidote to losing hope is insisting on speed. Speed is how I can impact the culture.”

26. Expanding Its Reach -

His was a story as tragic as it is familiar. E. Young had immediate family members in a gang. More than one gang tried to recruit him. His parents were in no way equipped to raise him.

When he moved in with an aunt, Phyllis Brown, he was by his own words “angry, depressed.”

27. Bringing Down Walls -

High Cotton Brewing Co. and Edge Alley, which were already two of the Memphis Medical District’s more popular venues on their own, have taken a taken a very tangible step in combining the two concepts into a single entity.

28. Making Best Better -

More than a decade ago, Carolyn Hardy was a vice president with the Coors Brewing Co. in Memphis when she attended the Leadership Development Intensive (LDI), a personal leadership training ground stretched across 3 1/2 days.

29. Pinnacle Expanding Memphis Footprint -

A week after Pinnacle Financial Partners’ Memphis chairman told The Daily News the bank would be growing its footprint around the city, the bank has announced it’s preparing to do just that.

30. Pinnacle Sees Major Growth in 2017 -

There’s not usually much in the way of big change reflected in the bank deposit market share report that comes out once a year from the Federal Deposit Insurance Corp. This year for the Memphis metropolitan statistical area, though, there was.

31. Amazon, Pfizer Approved for Tax Incentives -

Amazon was awarded a 15-year payment-in-lieu-of-taxes incentive by the Economic Development Growth Engine for Memphis and Shelby County at its Wednesday, Oct. 18, meeting, despite the online retailer’s proposed distribution center spurring a larger debate about the types of jobs the city should incentivize in the future.

32. Corporations to Keep Tax Break Lost by Millions of Americans -

WASHINGTON (AP) – Millions of Americans would lose a prized tax break under President Donald Trump's sweeping revamp of the tax code, but corporations would get to keep it.

The Republican proposal would eliminate the federal deduction for state and local taxes, a widely popular break used by some 44 million Americans, especially in high-tax, Democratic-leaning states like New York, New Jersey, California and Illinois. But corporations, which pay billions in local property levies and state income taxes, wouldn't be affected.

33. Memphis Hosts 15th Musculoskeletal Industry Conference -

The annual Musculoskeletal New Ventures Conference returns to Memphis this week for the 15th time, bringing together venture capitalists and industry leaders from around the country to give them a “target-rich environment” in which to network and potentially make deals.

34. Amazon, Pfizer Seek Incentives for Projects -

While Memphis has been working to win the nod from Amazon in the company’s highly publicized decision on where it will put its second headquarters, the city is poised to get a major unrelated investment from the e-commerce giant.

35. Pfizer Seeks Incentives to Retain Financial Services Operations in Memphis -

Admitting that its workforce in Memphis has been declining due to technology and business changes, pharmaceutical company Pfizer Inc. is seeking a 14-year payment-in-lieu-of-taxes incentive from the city and county to retain its finance and accounting operations in Memphis with a “stabilized” workforce of about 250 workers.

36. Shelby County to Overhaul Criminal Justice Center -

201 Poplar Ave.
Memphis, TN 38103

Permit Amount: $17 million

Application Date: October 2017

37. US Trade Deficit Narrows to $42.4 Billion in August -

WASHINGTON (AP) – Rising exports and falling imports cut the U.S. trade deficit to $42.4 billion in August, the lowest in 11 months.

The Commerce Department said Thursday that the trade gap – the difference between exports and imports – fell in August from $43.6 billion in July.

38. Crosstown Crossroads -

For the past 90 years, Crosstown has seen its share of ups and downs. In the beginning, it was a shining beacon for the city’s eastward expansion; at its height, it anchored several vibrant and diverse neighborhoods; and at its lowest, Crosstown became the poster child for once-great inner-city areas of Memphis that had deteriorated.

39. DHL Planning New Memphis Distribution Facility -

International shipping giant DHL Supply Chain is planning a massive new development just north of the Tennessee-Mississippi state line.

The global logistics division of Germany’s Deutsche Post DHL Group is looking to build a 580,000-square-foot distribution facility on 55 acres of vacant land east of Tchulahoma Road and west of Meltech Boulevard on the northern border of the state line.

40. Last Word: Political Tide Comes In, First Tn and Pinnacle Settle and The No Compete -

In East Memphis Thursday afternoon, Shelby County Trustee David Lenoir will formally announce what has been evident for some time – he is running for Shelby County Mayor in 2018 starting with the May Republican primary. The primary field includes Shelby County Commissioner Terry Roland and Juvenile Court Clerk Joy Touliatos. Shelby County Commissioner Sidney Chism is the only declared Democratic mayoral contender as we speak. Look for that to change.

41. Widening The Path -

He asked to only be a small part of this story. But when you come up with an idea so good, so powerful, that it’s named as one of the top 20 ideas in the Forbes Change the World Competition, you are the story’s foundation.

42. Trump Nominates 4 for TVA Board -

BIRMINGHAM, Ala. (AP) – President Donald Trump will nominate people from four states to serve on the nine-member board of directors of the Tennessee Valley Authority, the White House said Thursday.

43. Overton Square Hotel Approved for Tax Incentives -

The Economic Development Growth Engine board has approved Loeb Properties' request for a 15-year tax abatement to build a 100-room boutique hotel near Overton Square.

Despite some concerns from the EDGE board over the definition of blighted property, Loeb Properties and its partners, boutique hotel developer LRC2 Properties and hospitality management company MMI Hotel Group, were approved for the payment-in-lieu-of-taxes incentive Wednesday, Sept. 20, to help offset the construction costs of the $24 million hotel.

44. Kohl's to Start Accepting Amazon Returns at Some Stores -

MENOMEE FALLS, Wis. (AP) – Kohl's, which is opening some in-store Amazon shops, will start accepting returns for the online retailer at some of its stores in Los Angeles and Chicago starting next month.

45. Loeb Properties Planning $24M Overton Square Hotel -

Loeb Properties wants to build on the revival of Overton Square by adding a $24 million, 100-room hotel in the district.

The Memphis-based company and its partners – boutique hotel developer LRC2 Properties and hospitality management company MMI Hotel Group – are seeking a 15-year tax abatement to construct a 100-room boutique hotel at the southwest corner of Cooper Street and Trimble Place, south of Madison Avenue in Midtown Memphis.

46. Last Word: Juvenile Court Return, Berlin Boyd's Week and Tony Allen Thoughts -

Two weeks ago Juvenile Court Judge Dan Michael was on Behind The Headlines in a half-hour conversation about the court and federal oversight that drew quite a bit of reaction to Michael’s strong opinions about the need to end that oversight. Even before that reaction we had planned to do a second part of the conversation with those who favor continued federal oversight of the court.

47. Strategic Financial Partners In Growth Mode -

Strategic Financial Partners president Russ VanderSteeg has been thinking about the future of his company and how to bring more younger financial advisers into an industry that has been going gray fast for at least a few years now.

48. MMDC Hires Mitchell to Lead Community Development -

Memphis native Vonesha Mitchell has joined the Memphis Medical District Collaborative as program manager, community development. Mitchell’s new position rolls together several functions, including recruiting retail for vacant and underutilized storefronts, working with U3 Advisors to launch and administer the Hire Local program, developing assistance package and incentive programs, and engaging current and potential businesses in the district to understand opportunities and concerns.

49. Memphis 3.0 Planning Enters Third Phase -

The Memphis 3.0 comprehensive planning process enters its third phase this week with the first of four public workshops to consider scenarios of what the city’s growth will look like through 2040.

50. 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.

51. Kemmons Wilson Co. Subsidiary to Merge with International Hotel Developer -

Wilson Hotel Management, a subsidiary of Kemmons Wilson Co., will merge with Valor Hospitality Partners, an international hotel developer with headquarters in Atlanta, Georgia, and London, England. And the new company's headquarters will be in Atlanta and London with an office in Memphis.

52. Graceland: New Arena Not Competing With Forum -

Graceland plans to go to the Economic Development Growth Engine (EDGE) in the next week seeking a bigger percentage of the city and county property tax revenue from its 120-acre campus for a $50 million arena in Whitehaven.

53. Graceland Says New Arena Not Competition For Forum -

The managing partner of Graceland Holdings LLC says the plan for a new $40 million  to $50 million Whitehaven arena with 5,000 to 6,000 seats isn’t to compete with any venue in Memphis and Shelby County.

54. ICCC Program Attracts Local Business Owners -

More than 100 local entrepreneurs received mentoring and coaching on Tuesday, Aug. 29, to help them grow their small businesses. The Inner City Capital Connections program at the FedEx Institute of Technology on the University of Memphis campus returned after first coming to Memphis in August 2014.

55. Silly Goose Owner Opening New Lounge in South Main -

After making a name for himself as a popular bartender in Downtown Memphis, Daniel Masters struck out on his own and opened his first bar, The Silly Goose, at the age of 28.

56. Inner City Capital Connections Program Attracts Local Business Owners -

More than 100 local entrepreneurs received mentoring and coaching on Tuesday, Aug. 29, to help them grow their small businesses.

The Inner City Capital Connections program at the FedEx Institute of Technology on the University of Memphis campus returned after first coming to Memphis in August 2014. The ICCC program was developed by the Initiative for a Competitive Inner City (ICIC), a nonprofit research and strategy organization.

57. Downtown Lounge Owner Jazzes Up South Main Restaurant -

After making a name for himself as a popular bartender in Downtown Memphis, Daniel Masters struck out on his own and opened his first bar, The Silly Goose, at the age of 28.

58. Pottery Studio/Coffee House to Open on Highland Strip -

549 S. Highland St.
Memphis, TN 38122

Lease Size: 2,788 square feet

59. Regions, FedEx Backing Business Seminar -

Regions Bank is joining FedEx Corp. to provide financial backing for a seminar for business owners this week that will include 20 Regions bankers providing customized business coaching for entrepreneurs.

60. LA Fitness to Begin Work On East Memphis Gym -

L.A. Fitness has filed a $3.5 million building permit application to begin interior buildout work at its East Memphis gym, located at 4572 Poplar Ave. in Poplar Commons.

61. New Milestones -

For the 11th straight year, the tourism industry in Tennessee brought in more than $1 billion in state and local sales tax revenue, this time topping off at $1.7 billion in 2016.

This figure marks a nearly 7 percent increase year over year, which is higher than the national average rate of growth, according to the Tennessee Department of Tourist Development.

62. LA Fitness to Begin Work on East Memphis Gym -

L.A. Fitness has filed a $3.5 million building permit application to begin interior buildout work at its East Memphis gym, located at 4572 Poplar Ave. in Poplar Commons.

63. Two Portfolios Near Airport Sell for Combined $26M -

Nearly 2 million square feet of industrial space near Memphis International Airport has switched hands for a combined $25.9 million in a pair of recently closed deals.

The larger of the two was a 70-acre, 13-property portfolio in the Airport Distribution Center and Delp Distribution Center that sold for $18.1 million.

64. Wonder Bread Garage Gets OK From Parking Authority -

The Downtown Parking Authority has given its approval to the 481-space parking garage connected to the $73 million Wonder Bread redevelopment, paving the way for developers PGK Properties to seek final approval from the Memphis City Council and Shelby County Commission.

65. 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.

Collierville Schools superintendent John Aitken is keenly aware that for many citizens the construction work is what they know about the school system entering its fourth school year.

66. US Trade Deficit Narrowed to $43.6 Billion in June -

WASHINGTON (AP) – The U.S. trade deficit narrowed in June as exports hit the highest level in 2 1/2 years.

The Commerce Department said Friday that the trade gap slid 5.9 percent in June to $43.6 billion.

67. 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.

68. 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.

69. 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.

70. 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.

71. 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.

72. 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.

73. 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.

74. 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.

75. 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.

76. 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.

77. 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.

78. 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.

79. 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.

80. 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.

81. 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.

82. 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.

83. 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.

84. 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.

85. 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...

86. 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.

87. 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.

88. 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.

89. 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. 

90. 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.

91. 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.

92. 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.

93. 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.

94. 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.

95. 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.

96. 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.

97. 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.

98. 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.

99. 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.

100. 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.