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VOL. TMN-9 | NO. 22 | Saturday, May 28, 2016
Weekly Issue

Innovating Health

Memphis’ health care sector gets a boost from startups, technology, research and more

Dr. Guy Reed’s Memphis-based medical startup hit a big milestone toward the end of 2015, when Japanese pharmaceutical company Daiichi Sankyo reached a deal to license the company’s technology.

Editorial: Innovation Must Link Memphis’ Needs, Promise

The innovation efforts starting to bear fruit in Memphis’ medical community didn’t just appear miraculously.

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.

University of Memphis Students to Cover Rio Olympics

When Chip Williams came to the University of Memphis he never could have imagined that he would be going to the Summer Olympics in Rio de Janeiro.

Laser Quest Closing In Poplar Plaza

Laser Quest, a longtime tenant in the Poplar Plaza shopping center, is set to close on Sunday, May 29.

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EVENTS

The Orpheum Theatre Summer Movie Series kicks off with “Indiana Jones and the Last Crusade” on Thursday, June 2, at 7 p.m. at The Orpheum, 203 S. Main St. Pre-show fun starts at 6 p.m. with an appearance by Star & Micey, a selfie station and movie-themed drink special. Adult tickets are $8; children 12 and younger are $6. Visit orpheum-memphis.com for a complete Summer Movie Series schedule.The Metal Museum will celebrate International Blacksmithing Day on Saturday, May 28, from 10 a.m. to 5 p.m. with free museum admission and blacksmithing demonstrations and competitions throughout the day at 374 Metal Museum Drive. Visit metalmuseum.org for a schedule.

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SMALL BUSINESS SPOTLIGHT

Baker Family Keeps Owen Brennan’s Going

If you show up on a Sunday for Owen Brennan’s famous brunch, owner Jim Baker will be there to greet you, to say your name and smile at the thought of another round of mimosas being ordered.

THE MEMPHIS NEWS ALMANAC

May 27-June 2: This week in Memphis history

1990: On the front page of The Daily News, the large cavitation channel being built on Presidents Island is nearing completion. Its formal name is the David Taylor Research Center. The chamber, 240 feet long by 65 feet high, is to hold 1.5 million gallons of water to test water flow effects, or cavitation characteristics, for ships and submarines.

EMPHASIS Public Companies

Analysis: Competition Intensifying, But FedEx Still Protected for Now

The package shipment startup where Matthew Hertz works as director of operations is perfectly tailored to the digital age.

Available Class-A Office Space Scarce in Memphis

ServiceMaster is looking to relocate its headquarters into a Class A office building, and Memphis just doesn’t have room.

Snapshot: How Memphis-Based Public Companies are Faring

Acquisitions have been a common theme among many Memphis-based public companies the past few quarters. Here is a roundup of those transactions and other business highlights from each of the companies.

AutoZone Third-Quarter Results Miss Expectations

Memphis-based auto parts retailer AutoZone Inc. knows how to grow its net sales, manage its balance sheet, handle shareholder capital and do a host of other things that have helped it generate an unbroken string of double-digit earnings per share growth the past 39 quarters.

GOVERNMENT & POLITICS

THDA to Resume Apartment Inspections

The Tennessee Housing Development Agency plans to inspect at least a dozen apartment complexes in Memphis where federal subsidies pay tenants’ rent.

Pugh Takes Politically Volatile Shelter Position

The new director of the Memphis Animal Shelter says a shelter that doesn’t euthanize animals because of time or space is a goal.

Global Ministries Continues to Take More Heat

The receiver for the Warren and Tulane Apartments is in place with the notice filed in Memphis federal court last week that Foresite Realty Management LLC had accepted the job and that its bonding is in place.

FINANCIAL

Big Memphis Banks Getting Bigger

The biggest banks based in Memphis keep getting bigger. New figures from the Federal Reserve Bank of St. Louis through the first quarter show broad-based improvement among banks in the Memphis-area market, from growth in net income to loans to total asset size.

EDUCATION

Shelby County Schools Wraps Up a Calmer, But Still Eventful, Year

Given the last six years of historic change in public education locally, you could be forgiven if you thought of Friday’s half day of classes for Shelby County Schools as the end of an idyllic school year.

ASD's Raleigh Offer Makes School Board Skeptical

The state-run Achievement School District is offering to collaborate with Shelby County Schools in a possible change of plans by the ASD for its takeover of Raleigh-Egypt Middle School in August.

Crosstown High Organizers Say It Will Be Innovative, Whether Charter or Optional

Crosstown High School could be a charter school after all.

NONPROFIT SECTOR

BRIDGES Celebrates Retirement of CFO Bob Rogalski

The BRIDGES mission is as clear as it is bold: “To unite and inspire diverse young people to become confident and courageous leaders committed to community transformation.”

MEMPHIS NEWSMAKERS

Balink Chosen to Lead The Exchange Club Family Center

Jennifer Balink has been named executive director of The Exchange Club Family Center, where she’ll begin her duties July 1. In her new role, Balink aims to secure and direct every available resource toward breaking the cycle of child abuse and family violence in the Memphis community. 

ENTREPRENEURSHIP

Memphis Fashion Incubator Looking for Permanent Space

Andrea Fenise lays a sheet of ivory fabric over her desk and cuts diagonally with precision.

REAL ESTATE RECAP

$21.6 Million in Construction Headed to Graceland

1064 Craft Road -
Elvis Presley Enterprises has applied for three building permits totaling $21.6 million for its Graceland West expansion.

SPORTS

Heat's David Fizdale Accepts Offer to Become Grizz Head Coach

Miami Heat assistant coach David Fizdale has accepted the Memphis Grizzlies’ offer to become their head coach and agreed to a four-year contract, according Yahoo! Sports.

Bartlett Native Wright Makes MLB Debut at Dodger Stadium

When Daniel Wright stepped up on the pitcher’s mound at Dodger Stadium to make his major-league debut with the Cincinnati Reds the other night, a crowd of thousands was watching. And more than a dozen family members and friends from Memphis and Jonesboro, Ark., were there to root for him.

Cyclist Lucky – And Better Than Ever

Phillip Poux smiles a lot these days. He laughs a lot and practically gushes about the Wolf River Greenway and the joy of riding his road bike in a safe and scenic environment.

Sports Notebook: If He’s Available, Should Grizzlies Take Labissiere In First Round?

While it’s difficult to imagine the NBA matching the NFL for draft night drama this year – hopefully there are no Twitter bong photos seconds before tipoff – the mock drafts don’t seem to agree a lot beyond LSU forward Ben Simmons going to Philadelphia first overall and Duke forward Brandon Ingram going second overall to the Los Angeles Lakers.

HEALTH CARE

Baptist Adding ICU at Children’s Hospital

The Spence and Becky Wilson Baptist Children’s Hospital has hit its ceiling and is now expanding to meet increased demand. When the 19,000-square-foot pediatric emergency department opened last year, Baptist Memorial Health Care expected to treat 35 children a day. That figure is more like 65 to 70 children, with the hospital expecting to exceed 20,000 patients in its first year.

St. Jude CEO Talks Hospital Culture

One of the first directives Dr. James Downing got from the board of directors at St. Jude Children’s Research Hospital upon his appointment as the hospital’s president and CEO in 2014 was blunt, to say the least:

COMMUNITY

1917 Lynching Recalled, Marker Planned at Site

In a year, a group of religious leaders hopes to draw at least 5,000 Memphians to an area off Summer Avenue by the Wolf River where 3,000 gathered nearly a century ago as a man was burned alive.

Small Neighborhood Improvements Can Add Up Big

Memphians have raised half a million dollars and counting for neighborhood improvements through a Livable Memphis and ioby strategic partnership.

THE TIPPING POINT

Rose Guiding Memphis Symphony to Firm Financial Footing

What is classical music good for? How can it remain relevant in the 21st century? For most people, these are abstract questions – but for Gayle Rose, they couldn’t be more pressing.

LOCAL COLUMNISTS

Downsize Your Expenses, Not Your Home

Ray’s Take Millions of baby boomers are approaching, or have arrived at, retirement. Some may find themselves looking around their large homes where they raised their families and deciding they don’t need all that room anymore. The kids have grown up and moved out (maybe) and the money from a sale could really bulk up their retirement funds. It may also be time to consider a downstairs bedroom and other considerations for the next phase in life.

Insulting In Style

INTELLIGENT INSULTS. CLEVER COMEBACKS. As we brace for this summer’s political conventions and a general election that promises to raise the lowest levels of public discourse to new heights, I thought I’d share some of my favorite exchanges collected over the years to remind us that we can do this sort of thing with style.

Love for the Perfectly Imperfect

When I was in third grade, there was a saying posted in the front of the classroom that read “Practice Makes Perfect.” I read it so many times that eventually it became a way of approaching every task, a way of thinking.

Legislators Sweating the Small Stuff

My late father kept a paper weight on his desk at home that read: “Don’t sweat the small stuff.”

Reminiscing on Football Days

It is reported that yet another memorable and popular former NFLer, this one a quarterback, suffered from chronic traumatic encephalopathy, or CTE, or simply the concussion disease. And the report comes, as has been the rule, post-mortem. That is to say, after the subject dies.

You Aren’t Made for Every Job

The number one reason employees change jobs varies depending on the source you’re reading. One list includes “appreciation and recognition” while another says “unsatisfied with upper management.” Whatever the reason given, one thing’s for sure. These answers can all be grouped under one important category – cultural fit.

A Lesson From Oprah

The service industry just isn’t what it used to be. Mediocre is the norm, and attention to detail seems all but lost in this fast-paced world. That’s why companies that actually deliver on what they say they will, when they say they will, stand a breed apart.

Stacking Your Odds for Success

Looking through his old toys, my son found his stacking cups and challenged me to a competition. Cup stacking is a bizarre game of skill and speed with the goal being to build pyramids out of cups as quickly as possible and then collapse them and build again.

Fundraising Matchmaking: Solicitors and Prospects

Editor’s note: Part one of a two-part series. Because it is impossible to personally solicit every current or prospective donor, personal solicitation is reserved for individuals who can make a major gift. While the definition of a major gift will vary by organization, what’s most important is the care and planning that goes into soliciting these gifts. Here are some suggestions followed by things to avoid.

Innovation From The Inside-Out

A talk from Karen Hersherson, clay street project leader, Proctor & Gamble. Innovation for P&G is about platforms and pipelines that create long-lasting value. To get these types of results, the company had to build an incubator for project teams, named “clay street.”

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 102 224 17,767
MORTGAGES 127 277 20,703
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 176 510 36,326
BANKRUPTCIES 54 146 11,828
BUSINESS LICENSES 21 80 5,640
UTILITY CONNECTIONS 0 120 12,154
MARRIAGE LICENSES 11 60 4,417

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