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VOL. 125 | NO. 55 | Monday, March 22, 2010

Daily Digest

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Onyx Medical Files $3.5 Million Permit

Onyx Medical Corp. last week filed a $3.5 million permit with the city-county Office of Construction Code Enforcement to build a facility at 5121 N. Shelby Oaks Drive.

Linkous Construction Co. Inc. filed the permit as general contractor for the building, which will serve as Onyx’s new headquarters.

The medical manufacturing company is moving operations from its current headquarters at 152 Collins St. in Midtown.

Onyx earlier this month filed a $3.9 million construction loan through Trustmark National Bank. The loan was in conjunction with Onyx’s seven-year payment-in-lieu-of-taxes (PILOT) agreement, approved last fall by the city-county Industrial Development Board, which is listed on the loan as a joinder.

The PILOT will save the company a little less than $850,000 in taxes.

Onyx is planning to make a $6.5 million capital investment as part of developing a new manufacturing facility and corporate headquarters and will create at least 17 new jobs.

The family-owned Onyx makes a “complete line of wires, guide pins, half pins, drills and screws utilizing the latest in process technology and medical-grade specialty materials,” according to its Web site.

Source: The Daily News Online & Chandler Reports

MLGW Gets High Rating In Recent Survey

Memphis Light, Gas and Water Division has received an “A” in reliability, customer satisfaction and customer perception, according to a new survey.

The survey, completed by Renee Enterprises and audited by the Sparks Bureau of Business and Economic Research/Center for Manpower and the University of Memphis, reflects the 2009 total of a monthly random sampling of customers who recently had direct contact with the utility.

The survey included 150 customers each month and was conducted by phone and via the Internet.

According to the survey, 99.8 percent of MLGW residential customers are satisfied with their service. Ninety-seven percent believe their service is reliable and 92.4 percent have a positive perception of MLGW in the community.

– Taylor Shoptaw

Cohen Noted for Eulogy Of Chilton on House Floor

A Wall Street Journal blog described remarks Memphis congressman Steve Cohen made at the end of the week on the floor of the House of Representatives as one of the most “unexpectedly heartfelt” eulogies in honor of Memphis musician Alex Chilton, who died Wednesday.

Cohen, the U.S. representative for Tennessee’s Ninth Congressional District, said Chilton, who led music groups the Box Tops and Big Star, was “an embodiment of Memphis music – hard, different, independent, brilliant, beautiful. We’re lucky he came our way.”

Andy Meek

UT Medical Opens High-Risk OB-GYN Center

Maternal-fetal medicine and genetics specialists with UT Medical Group Inc. have opened the Center for High Risk Pregnancies in East Memphis.

The service is for women who have pregnancy complications or who are at increased risk for complications. The center is in the Baptist Women’s Hospital Physician Office Building at 6215 Humphreys Blvd.

Dr. Michael Schneider is the center director. All of the doctors on the medical team are board-certified in their specialties and serve on the University of Tennessee Health Science Center faculty. The team also includes reproductive geneticist Dr. Owen Phillips and maternal-fetal medicine specialist Dr. Giancarlo Mari.

Mari has pioneered therapies for conditions such as twin-twin transfusion syndrome and fetal anemia.

UT Medical Group is the private practice group affiliated with the University of Tennessee Health Science Center College of Medicine faculty.

Tom Wilemon

Memphis Ad Firm Nabs Eight ADDY Awards

Memphis-based Modern Production Concepts, a firm that makes TV, radio and new media advertisements, recently won eight awards in Mississippi’s American Advertising Federation ADDY Awards competition.

Modern Production Concepts won two gold and six silver medals as well as a “Best in Show” award for broadcast work the firm produced for University of Mississippi Health Care.

Company president Iddo Patt, who founded the Downtown company in 2006, directed the TV campaign, which consisted of eight spots.

Modern Production Concepts also produces entertainment programming, such as DVDs, Webisodes and TV shows, in addition to advertising.

Rebekah Hearn

Casinos Post Strong February Rebound

Mississippi’s casinos posted a strong rebound in money won from players in February.

The Mississippi State Tax Commission has reported the casinos won $222.3 million last month, up 15 percent from $192.3 million won in January. In addition, the February figure is up 3.6 percent from the $216.5 million gamblers lost in February 2009.

Casinos along the Mississippi River, including Tunica County and Natchez, enjoyed a 24.9 percent jump in revenue from January to February, taking in $126.6 million last month. Casinos along the Mississippi coast posted a 5.9 percent gain, winning $95.8 million.

– The Associated Press

Miss. Agencies Approved For Employee Furloughs

The Mississippi state Personnel Board on Thursday approved furloughs up to six days for employees of the Department of Public Safety.

Lynn Fitch, the board’s executive director, told The (Jackson) Clarion-Ledger that the Mississippi State Tax Commission and Department of Agriculture and Commerce were each approved for personnel furloughs of four to 12 days.

The Department of Human Services was originally cleared for furlough in February but went back to the Personnel Board Thursday and received approval for as many as eight furlough days.

The approval doesn’t mean furloughs will be ordered by those agencies.

So far, only DHS has announced a one-day furlough on April 2 at all its facilities except Oakley Training School. It affects 3,000 workers.

The furlough approvals came the day after Gov. Haley Barbour cut another $41 million from the state budget.

Fitch said her office expects more requests.

– The Associated Press

UT Spokesman Says Gun Bill Unnecessary

A University of Tennessee spokesman said a state lawmaker’s attempt to get involved with student-athlete gun rights is unnecessary. He added that the university has its own new policy.

University vice president Hank Dye told the Chattanooga Times Free Press last week that earlier comments about a “zero-tolerance policy statement” regarding guns were overstated.

Republican state Rep. Stacey Campfield of Knoxville is sponsoring a measure that would prevent university officials from suspending athletes who have guns, legally or illegally.

Dye said the university has a new zero-tolerance policy on athletes possessing firearms when they are involved in university events and traveling to or from those events.

- The Associated Press

PROPERTY SALES 50 226 2,557
MORTGAGES 44 145 1,731
BUILDING PERMITS 204 569 5,701