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VOL. TMN-9 | NO. 12 | Saturday, March 19, 2016
Weekly Issue

Five to Watch

Memphis creative entrepreneurs share their stories, in their own words

“You can’t live in Memphis without some kind of side hustle, right?” That’s the way former WMC-TV reporter Lauren Squires Ready sees it. Her side hustle, the passion project she’s been pursuing in her free time separate from all the writing, reporting and live shots as an on-air news personality?

Judge Dismisses Bulk of Criminal Charges Against FedEx

SAN FRANCISCO (AP) – A federal judge dismissed the bulk of criminal charges against FedEx Corp. in a case alleging it knowingly shipped illegal prescription drugs.

Pastner To Remain Tigers’ Basketball Coach

University of Memphis President M. David Rudd and Athletic Director Tom Bowen put a lot of speculation to rest Friday, March 18, when they announced Josh Pastner will remain head coach of the men’s basketball team.

THE MEMPHIS NEWS EDITORIAL

Editorial: We Don’t Need Forgiveness For Past Annexations

The normal bait and switch and head fake that is par for the course in Nashville is underway again.

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EVENTS

T.O. Fuller State Park will host its annual Spring Hike on the Discovery Trail Saturday, March 19, at 9:45 a.m. starting at the Visitors Center, 1500 W. Mitchell Road. The moderate, 4.5-mile hike will be followed by a birds of prey program. Cost is free; all ages welcome. For more information, call the park office at 901-543-7581.

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Harris, Towns Hope to Delay Monday De-Annexation Vote

Memphis Democrats in the Tennessee Legislature are hoping to delay a scheduled Monday, March 21, state Senate floor vote on a deannexation bill that cleared the state House a week ago.

EMPHASIS Economic Development

Sweetening the Pot

EDGE tables action on chamber’s incentives plan for minority- and women-owned businesses

The role of the private and public sectors in growing minority wealth came to a head at the March 16 board meeting of the Memphis-Shelby County Economic Development Growth Engine.

Council Working to Build Local Manufacturing for Device Industry

The medical device industry fuels Memphis’ backbone. With a $2.6 billion local economic impact and nearly 17,000 direct and indirect jobs, original equipment manufacturers like Smith & Nephew, Wright Medical Group, Medtronic Spinal & Biologistics and Microport Orthopedics have made the Memphis area their base for products and medical devices.

Graduate Memphis Putting College Degrees Within Reach for More Adults

Imagine a company coming to Memphis promising to add $140 million annually into the local payroll. This company was not asking for tax breaks or free rent, just the opportunity to come to Shelby County and pump this money into our economy and pay taxes.

Evergreen Packaging, Hollywood Feed Make Big HQ Moves

At its March 16 meeting, the Memphis-Shelby County Economic Development Growth Engine Board approved tax incentives for two companies, creating 101 jobs and $8.1 million in local tax revenue.

MWBE Taskforce Searching for Concrete Plan

The Memphis City Council is the latest group to address the disparity of business secured by women- and minority-owned businesses in the city and county.

THE MEMPHIS NEWS ALMANAC

This week in Memphis history: March 18-24

1989: Ratt at the Mid-South Coliseum.

STATE GOVERNMENT

County Commission Questions City Figures on Deannexation

Some Shelby County Commissioners are skeptical about City Hall’s estimate of how much city government would lose in revenue if a deannexation bill in the Tennessee Legislature becomes law.

Sparks Fly In Nashville Over Deannexation

The Tennessee Legislature’s debate about a proposed deannexation law isn’t a case of Memphis against the rest of the state.

Potential Revenue Loss Stirs Deannexation Options

As a potentially damaging deannexation bill moves to the state Senate for a possible vote soon, city officials are considering options to combat the expected loss of revenue should the bill pass.

Tri-Star Chronicles Captures Tennessee’s Lesser-Known Stories

J.R. “Pitt” Hyde III is not Memphis’ most famous name across the state of Tennessee. But he is an important name, has a deep and rich story worth telling, and that is exactly the point.

THE TIPPING POINT

Clark Butcher is Pedaling to Glory

It’s 6 a.m. on a rainy Wednesday morning. Outside, the sun has not yet risen. But inside Victory Bicycle Studio, they’re already playing Rihanna. “We’re gonna start with some two-minute openers,” shouts Clark Butcher, over the thump of the music. “I want you at 70 percent of your max. Let’s go!”

PUBLIC COMPANIES

FedEx CEO Downplays Amazon ‘Industry Disruption’

FedEx Corp. founder and CEO Fred Smith never said the word “Amazon,” but the e-commerce giant was clearly on his mind Wednesday.

CITY HALL

Memphis Leaders Taking New Offers for Old Police HQ

The city of Memphis now has three offers to buy the old Central Police Station at 128 Adams Ave. and renovate it as a hotel. It will likely have even more offers by the time the Memphis City Council decides who, if anyone, to sell the circa-1910 building to at its April 19 meeting.

Elections Chief Finalists Have Political Histories

The two finalists for the job of Shelby County Elections Administrator each told the Election Commission last week that if they get the job they will have some rebuilding work to do in how local elections are conducted.

EDUCATION

Porter-Leath's Early Childhood Academy Highlights Collaboration

The past six years have brought so many changes in kindergarten through 12th-grade education locally and statewide that it is easy to lose track of how different early childhood instruction is in its preparation of children for the next step in their journey.

GREEN

More Memphis Neighborhoods Vying for Ioby Funds

When ioby launched in Memphis in 2014, it brought with it the mantra that things occurring in our backyards in city neighborhoods are precisely what’s desirable.

RESTAURANT NEWS

Muddy’s Launches New Custom Studio Division

Muddy’s Bake Shop has launched a new division of its now 8-year-old dessert business. It’s the Muddy’s Custom Studio, staffed by a team of cake artists who’ll prepare custom, personalized versions of cupcakes and cakes that are distinct from what’s prepared each week for the business’ two retail shops.

One-Day Food Truck Fest Returns To Tiger Lane

Midsouth Food Truck Fest organizer Stanley Perrin’s inaugural one-day event last year brought almost two dozen food trucks and some 10,000 foodies to Tiger Lane.

BLIGHT

Blight Fight Touts New Pathway, Partnerships

The local effort to fight blight has been in recent years a machete-like action to cut through bureaucratic red tape and get possession of the most blighted properties.

TOURISM

I Love MEM: Airport teams up with popular local blogger

Every week, I Love Memphis blogger Holly Whitfield picks five events to include in her blog’s regular feature spotlighting things to do in Memphis during the coming weekend.

RDC Hints at Beale Landing Expansion for River Cruises

It takes $2.25 million a year to cover the bond payments on what it cost to build Beale Street Landing – $43 million.

NONPROFIT SECTOR

Conference Aims to Empower Women Professionally and Personally

Later this month Young Women Philanthropists, an auxiliary of the Women’s Foundation for a Greater Memphis (WFGM), will put on its fourth Modern Day Woman’s Conference to empower, engage and educate women ages 25-45 on how to take the next step in their professional, civic, community and personal journeys.

AGRIBUSINESS

Dyer Farmer John Butler to Lead Agricenter

John R. Butler has been selected as the new president of Agricenter International, officially beginning his position on July 1 of this year. Butler, a fifth-generation farmer who also held various management roles at Cargill, Inc., will succeed retiring president John Charles Wilson.

FINANCIAL

Memphis Investment Firm Preserver Partners Launches Mutual Fund

For the smaller investors that Memphis-based investment firm Preserver Partners LLC would like to attract to its newly launched mutual fund, one of the selling points is right there in the firm’s name.

Tri-State Bank Prepares For Big Year

The way longtime Memphis banking executive Christine Munson sees it, a small community bank has to carve out a clearly defined identity for itself - something that sets it apart from the myriad competitors of similar size, with comparable products and rates - if it wants to be successful.

HIGHER EDUCATION

Area Colleges Ramp Up Security in a World of Growing Violence

Five years ago, a police officer with the University of Tennessee Health Science Center shot and killed a man. The man, who had just pulled out a gun at Regional One Health, was making his way down Dunlap Street to the UTHSC campus.

NEWSMAKERS

Grimes Joins Barge Waggoner As Transportation Project Manager

Keafur Grimes has joined Barge, Waggoner, Sumner and Cannon Inc. as transportation project manager, bringing with him more than 35 years of experience. In his new role, Grimes manages transportation planning and construction projects to meet federal, state and local regulations; ensures that projects meet quality compliance and assurance standards as well as customer needs; and are delivered on time and within budget.

SPORTS

The $10.6 Million Question: Fire Josh Pastner or Keep Him?

The Hall-of-Fame coach was speaking on ESPN Radio’s “Mike & Mike,” his team sitting on the outside looking in on this year’s NCAA Tournament because of his university’s own imposed ban:

Pacific Hires Damon Stoudamire as Basketball Coach

STOCKTON, Calif. (AP) – University of Memphis assistant coach Damon Stoudamire was hired Wednesday, March 16, as the new coach at the University of the Pacific. Stoudamire, who also played for the Memphis Grizzlies for three seasons (2005-2008) and later served as a Grizzlies assistant coach, was introduced on the Stockton, Calif., campus Wednesday by Pacific's athletic director, Ted Leland.

REAL ESTATE RECAP

Cordova Apartments Sell for $31.1 Million

555 Wood Arbor Parkway, Memphis, TN 38018, Sale Amount: $31.1 million -
The Grove at Trinity Point apartments have sold for $31.1 million.

TENNESSEE LEDGER

Percussion to Pluto: A UT Student’s Unusual Journey

Drummer, 37, tackles math, is able to pursue dream of studying astronomy

Chad Melton has always loved astronomy, but he never really mastered mathematics in high school. Since math is essential to astronomy, majoring in it in his first round of college wasn’t really an option. He ended up following his other love – music – and spent time on the road playing drums with various musicians.

LOCAL COLUMNISTS

Careful What You’re Being Sold

ZOO DOO IS BACK. In the early ’90s, an enterprise started in Memphis to market recycled zoo dung – talk about organic – called the Zoo Doo Compost Co. A pungent and powerful fertilizer, raw product supplied seven days a week, a clever name, a great promotional headline, “Gardeners Love This Crap.”

Assisting Elderly Parents With Finances

Ray’s Take Millions of elderly Americans suffer from dementia, Alzheimer’s disease and other disabilities that make them unable to make decisions about their finances. If this happens to your parent, it could mean that you will need to step up and take control for them.

Bipartisan Skeptics Doubt Haslam’s Outsourcing Plan

Poor timing and questionable numbers: That’s how legislators are viewing a business justification plan for outsourcing facilities management across Tennessee.

Malaprop Revisitation: Part 2

A correspondent wrote that strategerie has been a favorite word in her family ever since some world leader uttered it a few years back. She listed some other items that were attributed to the same guy:

Road Trip Across Northern England

American families considering travel to Europe often think of London, Paris and Rome.

My Lucky Break

During the week of St. Patrick’s Day, luck is on our minds. We may think, “When will I get my lucky break? When will it be my turn?” We may feel overlooked for things like promotions and raises.

Stop Settling for Ordinary

We live in a world of stiff competition with so much noise competing for consumer attention that it can be painfully difficult for brands to get noticed and stand apart from their competition.

‘Spotlight’ Defends Open Access to Public Records

There’s a great scene about public records in the movie “Spotlight,” which is based on the true story of The Boston Globe’s investigative reporting of child sex abuse by Catholic priests.

Toward a Better Definition Of ‘Innovation Process’

Innovation is one of those words that means something different to each person that hears it. When you describe the whole framework as an innovation process, the confusion compounds exponentially. The word process is more misleading than the word innovation

Nonprofit Communication Checklist

Sometimes it is necessary for you as a nonprofit leader to personally check how easy or difficult it is to communicate with your organization. When you verify these for yourself you can best assess your nonprofit’s responsiveness.

Keeping Customer Service up to PAR: Plan, Act, Review

Delivering quality service is vital to ensuring repeat business from loyal customers. Customer service is fluid, changing not only from industry to industry but also from business to business within each industry. However, whether you’re a restaurant manager or hardware store operator, or you work in the industrial sector, some things never change when it comes to quality service. 

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 119 482 10,051
MORTGAGES 119 497 11,811
FORECLOSURE NOTICES 29 82 1,716
BUILDING PERMITS 268 1,056 21,366
BANKRUPTCIES 50 263 6,700
BUSINESS LICENSES 28 151 3,584
UTILITY CONNECTIONS 33 172 4,155
MARRIAGE LICENSES 20 111 2,290

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