VOL. TMN-10 | NO. 33 | Saturday, August 12, 2017
More than 100 people gathered Saturday, Aug. 12, in Health Science Park around the statue there of Confederate general, slave trader and Ku Klux Klan Grand Wizard Nathan Bedford Forrest.
Business advice for startup founders: Play to strengths, define audience early
Every journey of a thousand miles begins with that first single step. Every song, that first note; every long-lasting relationship can trace back to that first hello.
USA Cycling (USAC) has chosen Memphis to be a part of its national Cyclocross racing series for the 2017-18 season.
Change the location. Change the month and the year, too.
Another school year is underway in Memphis, and it’s arguably the most stable for the Shelby County Schools system in the last seven years – maybe longer. Yet, there is much about education in our community that remains unresolved.
The Czech Republic will be the honored country for the 2018 Memphis In May International Festival, organizers of the 41-year-old event announced Thursday, Aug. 10.
The Memphis Police Department has 85 new officers who were acknowledged at a graduation ceremony Thursday, Aug. 10, marking the first of two classes to go through the Memphis Police Academy this year.
EMPHASIS Women & Business
Daphne Large, founder, CEO and president of Data Facts Inc., didn’t get her company certified as a woman-owned business for 25 years.
Just take one fact from her life and let your mind run to easy assumptions. Once upon a time, Valerie Morris was attending Le Cordon Bleu culinary arts school in Paris, France.
Frankly, Carolyn Michael-Banks isn’t sure her business would still be around if she hadn’t made a fateful decision about a year ago.
ARTS & ENTERTAINMENT
It begins with a trivia contest and a sock hop. Those are the first two events Friday, Aug. 11, at the top of a crowded Elvis Week itinerary that marks 40 years since Elvis Presley died at Graceland.
No one really needed to twist Michael Sakir’s arm to sell him on the Bluff City in advance of taking the job Aug. 1 as Opera Memphis’ new music director.
The new $21 million Ballet Memphis studio in Overton Square has room for Peter Pan to fly and a two-way view of a ballet company making revolutionary turns in dance.
THE MEMPHIS NEWS ALMANAC
1937: A privilege license for The Oasis, a restaurant serving beer and owned by Nick Demapolis at 2128 Central Ave. on the corner of Central and Cooper.
REAL ESTATE & DEVELOPMENT
With More Apartments Coming, Midtown Developers and Residents Will Have to Compromise to Pave the Future
With hundreds of units already announced and all signs indicating there are more to come, the Midtown apartment market is primed to explode.
After receiving a 20-year tax incentive from the Center City Revenue Finance Corp. this week, one of the most ambitious projects to come out of the Memphis Medical District in recent memory is one step closer to repopulating the Edge District with an influx of office tenants.
As the housing market begins to head into a slower time of year with school restarting, home sales still continue to outpace last year’s figures despite a slight dip in average sales price.
Officials with Memphis, Light, Gas and Water Division are continuing with plans to expand operations at its North Service Center, despite the concerns of some residents who feel like the industrial facility is encroaching on their neighborhood.
The Charleston, a 284-unit apartment community on the east side of Houston Levee Road just south of U.S. 64, has sold for $27.9 million, marking a new chapter for a property that was built just last year.
The school year began Monday, Aug. 7, with some parents registering children on the first day, other children finding their way back into academic routines on their own and Shelby County Schools leaders awaiting the release of achievement test scores from the state that will set a new baseline for where students are academically.
A year from now, the $90 million Collierville High School will open for classes with an estimated 2,600 students.
Shelby County Schools board members will likely get a briefing this month from the three outside attorneys investigating allegations of misconduct by school officials that were made by a former high school principal.
In 2017, there will be an estimated 252,710 new cases of invasive breast cancer and 40,610 breast cancer deaths. Those sobering numbers come from the Susan G. Komen Foundation, the largest nonprofit source of breast cancer research.
GOVERNMENT & POLITICS
As the city starts anew the planning process for a more active Fairgrounds with more attractions, city council members want the Liberty Bowl to be more active as well.
The new chairman of the Shelby County Democratic Party says the local party has lost its voters and getting them back is the path to victory in the 2018 county elections and beyond.
One of the most scrutinized, criticized and well paid jobs in local government is going to be open at the end of 2017.
Mortgage Market Sees 4 Percent Gain in July
The way BankTennessee mortgage specialist Jessica Campbell sees it, conditions in Shelby County’s current residential real estate market are about as favorable as the industry could hope for.
Some changes are coming in the rules surrounding incentives that the Economic Development Growth Engine for Memphis and Shelby County – or EDGE – can use for different kinds of development and for broader use of tax increment financing – or TIF – zones to sustain redevelopment.
In anticipation of the historic solar eclipse Aug. 21, Bartlett-based American Paper Optics (APO) is partnering with St. Jude Children’s Research Hospital to educate the public on safe solar eclipse viewing.
Regional One Health has teamed up with a New Jersey-based nonprofit for a three-year project aimed at identifying and addressing the reasons why some patients become what the organizations refer to as “high utilizers” of hospital services.
The wide receiver and the defensive back are exactly the same – until that point when the ball is in the air and then they are totally different.
The Titans have been searching for years for an answer at cornerback. They think they found two answers during the offseason.
Tennessee Titans rookie receiver Corey Davis limped off the practice field last Thursday with a hamstring injury.
Did Tony Allen say too much? That’s the question after The Grindfather – yes, he retains the title even if he signs elsewhere as a free agent – answered a question about the origin of “grit and grind” in an interview with MassLive.com.
Todd Kelly Jr. can’t believe it’s his last hoorah. The senior safety from Webb School of Knoxville enters his final season at Tennessee with thoughts of how it all started in fall of 2014.
THE PRESS BOX
Over the last quarter-century in the game, Stubby Clapp has learned many things. One is that the baseball gods do not believe in championships as entitlements.
The Seam, a technology firm founded by agribusiness companies that specializes in commodity trading and management systems, has added Rex Vandiver in a customer development role. Vandiver helps with customer support and project management, and he’s also taking a greater role in involvement with the peanut industry to help The Seam better serve its customers’ needs.
THE TIPPING POINT
At the end of her third-grade year, Renee White’s elementary school switched math books. Why does White – now chief financial officer of Oak Hall – remember a textbook being retired 20 years ago?
VIEW FROM THE HILL
Republican gubernatorial candidate Mae Beavers is banking on the idea wealthy candidates won’t be able to buy voters in 2018.
IT’S ABOUT TIME. It’s an old 700 series Rolex watch – stainless steel with a small military-style black face, hands and numbers that once glowed in the dark, a simple stainless steel band and a small brass rivet for a fastener – nothing special by Rolex standards.
Ray’s Take: Many people dream of making an early exit from the work routine, but making that dream a reality has some challenges. By retiring at, say, age 55 instead of 65, you have 10 fewer years of saving and investing for building a nest egg that has to support you through an extra 10 years of retirement. That double-whammy of fewer working years to save and more retirement years to spend is what makes early retirement tough to pull off.
Billions of dollars are spent on marketing every year by businesses and institutions trying to convince potential customers that they are the preferred choice. However, after decades as an observant consumer, I have concluded that most businesses would have much more success if they invested a portion of that marketing budget and a little time into professional development for their employees.
By now, we can all agree: The job search process can be a grueling one. If you’re actively looking for a job, you know what I’m talking about. You apply online and never hear back. Or, maybe you go through rounds of interviews that lead nowhere.
Have you ever looked at your organization’s marketing spend and wondered, “What do I have to show for this?” Or maybe you spent the six-figure marketing budget and have to justify the same spend for the upcoming budget year. Either way, you need to calculate marketing return on investment (MROI).
The attorneys general of 10 states, led by Texas’ Ken Paxton with strong support from Tennessee AG Herbert Slatery III, are threatening to sue the federal government.
Memphis has been blessed to give birth to the modern grocery store, rock ‘n’ roll, and such corporate category leaders as Holiday Inn, FedEx and AutoZone. These native inventions became the basis of our regional economy after the slow demise of the agrarian culture when cotton was king.
In the nonprofit world money is almost always an issue. Where will it come from? When will it arrive? Is it restricted or unrestricted? These questions are accompanied by others such as, “How are we implementing our fund development strategy?” and, “Will we meet our fundraising goals?”