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VOL. TMN-9 | NO. 5 | Saturday, January 30, 2016
Weekly Issue

Fenced Out

How to tackle a big problem: black-owned businesses garner less than 1 pct. of total business receipts in Memphis

There’s a major problem in Memphis when it comes to minorities: African-Americans make up 63 percent of the population but garner less than 1 percent of total business receipts within Memphis, according to the most recent U.S. Census data.

Editorial: Not Even One Percent

The new figure is 0.83 percent.

Tenn. Board Seeks Public Censure of Weirich

The Tennessee Supreme Court’s Board of Professional Responsibility is seeking a public censure of Shelby County District Attorney General Weirich for her conduct as a trial prosecutor in Noura Jackson’s 2009 trial for murder.

Olympus to Invest $12M in New Bartlett Distribution Center

A Tokyo-based maker of medical and surgical products plans to invest $12 million in a service and distribution center in Bartlett.

Kroger to Roll Out Online Ordering In Memphis

Kroger plans to bring its online ordering system to the Memphis area soon, expanding a program it’s already rolled out elsewhere in Tennessee that includes employees bringing orders outside to the waiting customer.

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EVENTS

Ballet Memphis and The Booksellers at Laurelwood will host An Evening with Ballet Memphis: “Places” on Thursday, Feb. 4, at 7 p.m. at the bookstore, 387 Perkins Road Extended. Enjoy a night of drinks, discussion and dance with the minds behind Ballet Memphis’ latest show. Visit thebooksellersatlaurelwood.com.

more events »

EMPHASIS Distribution & Logistics

Logistics Startup Exec: Amazon Gunning for FedEx

The number of voices in the technology world convinced that Amazon has stuck a target on the back of FedEx – as well as its larger competitor, UPS – continues to grow.

MATA ‘Thinking Outside the Bus’ to Overcome Funding Shortfall

To accommodate for a chronic budget shortfall, the Memphis Area Transit Authority said that it has to start “thinking outside the bus.”

Tech Developments Advance Efficiency in Logistics Industry

Memphis is known as a center for the logistics industry, and technology advances keep things on the move.

Q&A: U of M’s Dan Pallme Points to Shipping Changes, Challenges in 2016

Dan Pallme is heavily involved in the University of Memphis’ logistics industry departments. He runs the Freight Transportation Leadership Academy, a program that consists of technical tours, sessions with industry experts, and overviews of historic and current trends to encourage leadership in Memphis’ primary modes: rail, river, road and runway.

THE MEMPHIS NEWS ALMANAC

This week in Memphis history: January 29-February 4

1986: Plans are announced for the Southwind Tournament Players Club development on Winchester Road 10 miles east of Memphis International Airport. The centerpiece of the development is a 215-acre golf course to open in the fall of 1987 as the new site of the St. Jude Memphis Golf Classic, which will move from its longtime home at Colonial Country Club.

GOVERNMENT & POLITICS

Memphis CFO Brian Collins 'Constantly at 50,000 Feet'

If you think about the city’s chief financial officer at all, you might imagine a robotic figure forever tethered to numbers and a desk, taking a microscopic view of life in search of where to squeeze out a few more dollars here, a few more dollars there.

Morgan: Permanent Overton Park Fix Will Take Time

The Memphis City Council member whose district includes Overton Park says there is no immediate permanent fix for the greensward controversy beyond the zoo continuing to park cars there.

HUD Funds Mid-South Greenprint With $60 Million Grant

One of the largest federal grants ever awarded to Shelby County government will fund efforts to avoid some of the flooding the Memphis area saw in 2011.

County Commission Forms OPEB Committee

Shelby County Commissioners have created an ad hoc committee to talk over the health insurance benefits liability of the former Memphis City Schools system and who is responsible for it.

Harris Passes On Challenging Cohen For House Seat

A surprise January dalliance by Tennessee Sen. Lee Harris of Memphis with a challenge of U.S. Rep. Steve Cohen in the August primaries didn’t make it quite to the end of the month.

REAL ESTATE & DEVELOPMENT

International Real Estate Firms Find Purchase Potential in Memphis

International investors and developers are increasingly looking to Memphis because the market is stable and the returns are high, according to a variety of real estate professionals doing business locally.

RDC Leader: Pyramid Isn’t Translating to Tourism Elsewhere

Toward the back of its proposal for Mud Island River Park, executives with The Mansion Entertainment and Media LLC included a few caveats for those judging the five redevelopment applications.

The 5 Applicants for Mud Island Redevelopment

Each company that applied to redevelop Mud Island River Park has a month to submit its detailed proposal, including specific plans and how they would be financed, to the Riverfront Development Corp.

Blight Authority of Memphis Convenes to Tackle Problem Properties

“This is historic,” attorney Steve Barlow said at the inaugural meeting of the Blight Authority of Memphis, held Thursday, Jan. 21, at the Downtown Memphis Commission’s office.

REAL ESTATE RECAP

Belz Sells Linden Camilla Towers for $14.4 Million

256 S. Camilla Street, Memphis, TN 38104 -
An entity affiliated with Belz Enterprises has sold the Linden Camilla Towers in Midtown for $14.4 million.

SPORTS

Matriculating Down the Field Of History to Super Bowl 50

For sports fans of my generation, there is something very personal about the Super Bowl. My earliest television sports memory is from Super Bowl I, which wasn’t even originally called the Super Bowl and retroactively introduced me to Roman numerals.

Memphis Grizzlies Off The Grid As Record Rises

When the Memphis Grizzlies rolled out to that hot start last season and carried a 39-14 record into the All-Star break, they had created legitimate national buzz – perhaps for the first time ever during the course of an NBA regular season.

Bertelkamp Made Right Call in Going with the Vols

Bert Bertelkamp would be the first to tell you he’s pulling for Tennessee when calling basketball games as color commentator for the Vol Network.

Titans Coaching Staff Turns a Grayer Shade of Blue

If experience is the best teacher, the Tennessee Titans’ young roster is headed to school – old school, that is.

COMMUNITY

Bendy Brewski: Yoga Offered to Memphians in Unconventional Spaces

The unusual venture former Memphian Beth Cosi launched in Charleston back in 2011 – pairing yoga and beer, with classes held in local breweries – might at first sound like a cheap trick to convince people who’ve never hit the mat before to give it a try.

Downtown Creativity Hub Seeks Permanent Home

Creative Works, the popular Downtown conference for artists and designers, is looking to set up shop year-round.

Highland Heights CDC Rehabs Five More Homes

On his desk at Treadwell Middle School, Jared Myers keeps a colorful map marked by green, red and blue shapes.

NONPROFIT SECTOR

Facing History Mural To Visualize Broader Goals

Last year, when Facing History and Ourselves moved into its new South Main office at 115 Huling Ave., the nonprofit knew it wanted to bring its brand of socially conscious education to the broader community.

National Civil Rights Museum Debuts Digital Network

The National Civil Rights Museum has started a digital network of the speeches from its annual Freedom Awards programs.

LAW ENFORCEMENT

Two Binghampton Gangs Targeted In Latest Zones

Memphis’ latest no-gang zones take in a swath of real estate one may not normally associate with crime and violence: a country club, the Shelby Farms Greenline and an elementary school, to name a few.

FINANCIAL

Collierville Board Grants FedEx Tax Break Extension

The Collierville Board of Mayor and Aldermen ratified a 20-year tax break for the FedEx World Technology Center during its Monday, Jan. 25, meeting.

Bank of Fayette County Looks To Grow Trust Services in 2016

There’s a reason The Bank of Fayette County’s still-growing trust division doesn’t carry the name of, well, the bank or its home county.

Verso Files For Bankruptcy Reorganization

Verso Corp. filed Tuesday, Jan. 26, for Chapter 11 federal bankruptcy reorganization.

HEALTH CARE & BIOTECH

Le Bonheur CEO Talks Big Development Projects on Tap

It’s something of an understatement to say that Le Bonheur Children’s Hospital has big plans for 2016 and beyond.

Medical Startup Trades Texas for Germantown

David Leon’s medical device startup is the latest addition to a rapidly expanding health care, biotech and life sciences landscape in the Memphis area.

EDUCATION

SCS Board Authorizes More Discussions On Crosstown High

Shelby County Schools board members have authorized superintendent Dorsey Hopson to continue discussions about a Crosstown High School.

MARKETING & ADVERTISING

Doug Carpenter & Associates Rebrands as DCA

When Doug Carpenter started his eponymous advertising agency five years ago, what the name should be wasn’t too hard to figure out. It was an agency of one with the need to bank on Carpenter’s reputation in the community. So Doug Carpenter & Associates LLC was born.

NEWSMAKERS

Harvey Joins Family Safety Center

Mia Harvey has joined the Family Safety Center as community outreach specialist, a newly created position. In that role, she recruits and trains volunteers, and organizes outreach and other special events that create greater visibility for the center. She also develops presentations on domestic violence, showcasing the many Family Safety Center programs that serve victims and their families.

SMALL BUSINESS

Husband-and-Wife Team Manage Brides and Business at Maggie Louise

Molly Farrell doesn’t recall a childhood spent dreaming about wedding gowns and the perfect ceremony.

LOCAL COLUMNISTS

History Lesson

A HISTORY LESSON TAUGHT, NOT LEARNED.

Things to Consider Before You Invest

Ray’s Take The great recession of 2007-2009 and its associated bear market seem like a long time ago. The relatively small setback of 2015 seems very tame in the context of the gains since March of 2009. This is a good time to take a few steps back and review investment goals and expectations.

Is Your Dream Candidate a Temp?

Earlier this month, the U.S. Bureau of Labor Statistics announced that the unemployment rate continues to hold at 5 percent while payroll employment rose by 292,000 in December. Exciting news for our economy, but an indication to hiring managers that challenging times lie ahead.

The Gift Of Writing A Book

Running any business day-in and day-out can bring active contemplation to halt. The pace of work stays at such a staggering speed, leaving you inspired, exhausted and bewildered.

Let’s Hear It for Christine and Patrick!

This column should be running in late January. Ten years ago, Susan and I flew out to Park City, Utah, for our first (and probably only) Sundance Film Festival. Where “Wordplay,” the award-winning documentary about the crossword puzzle industry, had its world premiere on Jan. 21, 2006.

Complex Path to Higher-Ed Reform

Only half a year after taking on the presidency of Motlow State Community College, Anthony Kinkel is trying to keep his eye on the pea.

Are You An Expert?

How many things have you truly mastered? For example, you must know how to cook to survive day to day. But, is your food the quality of a professional chef? Similarly, you might like to travel – domestically, and maybe even internationally. But, how good are you at booking travel?

The Death of ‘Digital’ Marketing

Editor’s Note: This column is the final in an 11-part series on the Top Ten 2016 Marketing Trends. Search memphisdailynews.com for the remainder of the series.

Secrets to An Empowered Fundraising Team

This is the fifth in a series focused on the prerequisites for fundraising success.

Nashville Edition

Cutting taxes, school choice, tort reform drive Sen. Kelsey

State Sen. Brian Kelsey calls himself “a proud conservative who likes to get results.”

Complex path to higher-ed reform

Only half a year after taking on the presidency of Motlow State Community College, Anthony Kinkel is trying to keep his eye on the pea.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 83 223 16,103
MORTGAGES 62 207 18,599
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 323 32,794
BANKRUPTCIES 66 187 10,687
BUSINESS LICENSES 28 86 5,172
UTILITY CONNECTIONS 37 127 11,344
MARRIAGE LICENSES 15 75 3,848

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