VOL. TMN-6 | NO. 32 | Saturday, August 3, 2013
Local companies brand city by sharing innovations with world
Memphis’ geography is limited to roughly 300 square miles, but its identity stretches beyond the city limits, resonating to the far corners of the globe.
The Memphis business brand may be so broad that it is too big to grasp in the world of venture capital, startups and site consultants.
Expanding training programs battle unemployment
Laura Hine remembers her first week at the Workforce Investment Network office in Memphis.
Eight years ago, Karl Schledwitz crossed the line between politics and business that he had crossed many times before.
Since 1994, St. Jude Children’s Research Hospital has exported its research and pediatric cancer care model to grassroots organizations and hospitals in 14 countries with limited resources.
John Haun was happy working for Memphis-based sports agent Jimmy Sexton.
A few companies that participated in the inaugural round of Seed Hatchery in 2011 have shut down their operations in recent months.
THE MEMPHIS NEWS ALMANAC
1993: Shelby County Mayor Bill Morris kicked off his bid for the Democratic nomination for governor in 1994 with a series of press conferences in each of the state’s major cities, starting with Memphis.
Bell rings for unified school district’s milestone year
Among the parents registering their children this week for the first year of the consolidated school district were the two men at the top of the organization chart – interim superintendent Dorsey Hopson and deputy superintendent David Stephens.
Arlington-based Wright Medical Group Inc. is seeking tax freezes to retain 225 jobs, add 35 new jobs and invest $10.6 million into a new headquarters on Cherry Road in East Memphis.
A renewed Equal Employment Opportunity Commission focus on employment practices that have a disproportionate impact on members of a minority group is challenging longstanding human resources practices, says Paul Patten, a partner with Jackson Lewis LLP in Chicago.
Southern Airways Express announced Thursday, Aug. 1, it is adding four nonstop destinations from Memphis, bringing the total to eight.
A Shelby County Chancery Court Judge has issued a temporary restraining order prohibiting the owners of the historic Nineteenth Century Club building on Union Avenue from doing any work on the property for 10 days.
Walgreen Co. has closed the gas station at its Ike’s store on Union Avenue, but the company isn’t saying anything else about the property’s future.
Loeb enhances Overton Square vibe with retailers
Go by Overton Square during lunch or at night, and the place is usually overflowing with visitors – some who want lunch, dinner or a libation, and some who come just to enjoy the simple pleasure of people-watching.
Three police precincts Memphis Police Director Toney Armstrong said earlier might have to close if his department continues to take budget cuts will not close in the current fiscal year or the next.
Rhodes College’s efforts to make community involvement an important part of student life was recently on display with its second annual REACH (Research, Engagement, and Community History) Symposium held in the Blount Auditorium of Buckman Hall.
A Memphis-based independent professional services firm has added a service to its client offerings that’s intended to help keep municipalities away from the financial precipice and avoid the fate of places like Detroit, which in recent weeks filed the largest municipal bankruptcy in U.S. history.
Bass Pro Shops won overwhelming approval Tuesday, July 30, for its latest signage plans for The Pyramid, clearing a potential obstacle to the public-private initiative to turn the shuttered arena into a destination attraction.
FedEx Corp. agreed to pay $21.5 million to settle a 2011 class action that alleged the world’s largest cargo airline overcharged non-residential customers – including businesses and governments – higher residential shipping rates.
Jimmy Hargett, a 69-year-old farmer in Crockett County, regularly parasails over his cotton, corn, soybean and wheat crops to make critical, time-sensitive observations.
Airport officials eager to lure new air carriers to town
A never-before-used economic incentive program designed to lure new air service to Memphis International Airport may have its first customer.
The inaugural Memphis Economic Indicator, a new online survey launched by Dixon Hughes Goodman LLP and The Daily News to measure general business sentiment, shows little consensus about the local economy.
Flags over the state capitol in Nashville and all state office buildings remained at half staff Tuesday, July 30, in honor and memory of state Rep. Lois DeBerry of Memphis.
Now that Shelby County’s two public school systems are one, the achievement tests results for the two districts in their last school year apart will be consolidated into a single baseline.
The local precision agriculture industry is poised to get a boost from Uncle Sam.
Memphis-area homebuilders are facing a host of issues – rising materials costs, increased labor costs and regulatory issues – that could act as a drag on the industry.
Two Shelby County Commissioners with about a year left in office see an afterlife of issues with the county budget and $4.38 property tax rate the commission approved earlier this month.
RedRover prepares for new digs in Falls Building
RedRover Sales & Marketing is a few months away from starting a new chapter in the firm’s more-than-seven-year existence because of having arrived at what’s arguably a good problem to have.
Chances are if you live in Memphis, you know someone with diabetes or pre-diabetes.
The Family Safety Center on Thursday, July 25, celebrated the launch of VOICES, a new victims advocacy group consisting of domestic violence survivors and local organizations in Memphis and Shelby County.
The 2013 countywide reappraisal resulted in a historic drop in property values, but improving real estate metrics are providing a glimmer of hope for the local economy.
The fourth floor of Playhouse on the Square’s facility at 66 S. Cooper St. is a bustling hub of entrepreneurial activity.
The superintendent of the Achievement School District told a Frayser audience last week that students and their teachers in the cluster of schools in the area will work harder on their reading skills in the school year to come.
Mike Miller had several teams interested in his 3-point shooting as a possible missing link for a long playoff run. It didn’t take him long to figure out where he wanted to be: Memphis.
Seventeen Pro Football Hall of Famers and Dave Robinson, who will be inducted this weekend, have signed a letter telling NFL Commissioner Roger Goodell they are concerned about medical care for former players and the league’s “continued denial of the link between repeated head impacts and permanent brain damage.”
Missy Marshall, who has spent the past 20 years working in state government, was recently named executive director of Keep Tennessee Beautiful.
MEMPHIS LAW TALK
When Susan Bjorklund, policy and procedure attorney for AutoZone, left Houston High School for the University of Mississippi, it was with only an inkling that she might want to be a lawyer one day.
Sean Henneberger has joined First State Bank’s small-business lending division as vice president/business development officer in the Memphis market. In his new role, Henneberger will help small businesses pursue loans through the U.S. Small Business Administration and U.S. Department of Agriculture Business and Industry Guaranteed Loan Program.
REAL ESTATE RECAP
2150 Covington Pike, Memphis, TN 38128, Sale Amount: $11.4 million -
The Sam’s Club at 2150 Covington Pike in Raleigh has sold for $11.4 million to a California investor.
WORRY ABOUT THE DOGS. Depending on who’s talking and when, history around Fort Pillow changes.
Are you rewarding your team for outrageous thinking about your product or service mix? Do you give them ample room to experiment and defy expectations about such things as new customer experiences, new business models, new strategies, growth ideas, and new lines of revenue? Can they play and not be punished for generating new thinking about old problems? Can they learn by doing?
Ray’s Take A survey by T. Rowe Price revealed that 77 percent of parents lie to their kids about money-related issues. According to the National Foundation for Credit Counseling, 44 percent of Americans learned the most about handling money from their parents. The Council for Economic Education disclosed that just 14 states require high school students to take a course in personal finance.
“The court has viewed Woody Allen’s movie, ‘Midnight in Paris,’ read the book, ‘Requiem for a Nun,’ and is thankful that the parties did not ask the court to compare ‘The Sound and the Fury’ with ‘Sharknado.’” Thus begins a seven-page opinion entered July 18, 2013, in the U.S. District Court for the Northern District of Mississippi. See Faulkner Literary Rights LLC v. Sony Pictures Classics Inc., 2013 WL 3762270.
With all the attention paid to big brands making big blunders in the face of crisis, it’s refreshing to celebrate a brand getting it right.
After a few rough years with the economy, and after squeezing every last drop of functionality out of their existing infrastructure, some companies are faced with the question of replacing that infrastructure with new equipment or moving their information to the cloud.
Continuous training, education and exposure to new people and ideas can lead to continuous improvement, motivation and engagement. Workshops, seminars and conferences add to the skill set and competency of nonprofit employees, executives, board members and volunteers. The question is: what happens after the workshop or conference?
There is a persistent and ever widening divide in our country between those who have plenty and those who suffer poverty.
A lease is a lease is a lease, right? A certain amount of square feet at a set rate per square foot, maybe with some kind of built-in increase during the lease period.
Let’s think like farmers for a minute. It has often struck me that if you want to develop practical solutions to problems, you should try to think like farmers. That’s because in general farmers are no-nonsense, practical-minded folks. Don’t get me wrong, I like out-of-the-box thinking as much as the next guy. However, there’s a time and a place for all kinds of thinking and when you need to solve a real-world problem quickly, you might want to try thinking like a farmer.