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VOL. 133 | NO. 149 | Monday, July 30, 2018

Daily Digest

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$330 Million Building Permit Application Filed by St. Jude

The $412 million advanced research center at St. Jude Children’s Research Hospital took another step forward late Thursday, July 26, when a new building permit application was filed for $330 million.

In May, a building permit application valued at $21 million was filed for the new research center’s foundation.

The 625,000-square-foot-building is part of the hospital’s $1 billion capital expansion. The center will house six floors of labs focused on immunology, neurobiology, cell and molecular biology, gene editing, metabolomics, advanced microscopy, epigenetics, genomics, immunotherapy and RNA biology.

Flintco Inc. is the general contractor. The Crump Firm is the lead architect and Jacobs Engineering is designing the labs.

– Daily News staff

Small Business-Focused CPA Firm Opens Second Arkansas Office

With a recently completed merger, a Memphis accounting and payroll firm that works exclusively with small businesses is expanding its presence in Arkansas.

Patrick Accounting of Memphis has merged with Massey CPA Group, a small business accounting and bookkeeping firm based in Sherwood, Arkansas, effective Thursday, July 26.

“I am eager for the opportunity to join forces with such a reputable firm,” said Matthew Patrick, CPA and managing member of Patrick Accounting and Patrick Payroll. “The Massey Group’s team and culture is very similar to ours and we see this as a tremendous addition to our already outstanding team. Their personal touch, wealth of tax and accounting experience, and passion for helping small business owners makes this a very exciting time for our combined firm.”

Massey will maintain its Sherwood office, adopting the Patrick Accounting and Patrick Payroll brands. Patrick Accounting also has offices in Little Rock and Nashville.

Shane Diamant, CPA and partner with Massey CPA Group, will take on the role of chief operating officer for the combined company. Massey partner and CPA Sandy Ledbetter will be serving as director of tax services.

“For over 50 years, our firm has provided high quality tax and accounting services to our clients in Arkansas,” Diamant said. “Over the last decade, we have contributed to our clients’ success by building one of the most innovative accounting platforms in the area. Joining with Patrick Accounting and Patrick Payroll is a natural evolution in our quest to serve customers. We are now part of one of the most innovative firms in the Mid-South, and this merger will ensure that our customers continue to benefit from our incredible level of service for decades to come.”

Minimal disruptions are anticipated for existing clients.

Patrick Accounting has served small businesses in Memphis for about 15 years, including more than 60 Memphis restaurants. Services include full back-office support, monthly accounting, tax services, and a Human Capital Management and payroll technology platform.

– Daily News staff

Airport Authority Renews Smaller Marketing Deal With Grizzlies

The Memphis-Shelby County Airport Authority has extended a scaled-back version of its marketing partnership with the Memphis Grizzlies so it can invest those advertising dollars elsewhere.

The MSCAA board of commissioners approved Thursday, July 26, a three-year extension of the marketing contract the airport authority has with Memphis Basketball Inc., the parent company of the Grizzlies.

In 2015, the MSCAA signed a three-year $530,000 contract to partner with the Memphis Grizzlies to promote and advertise Memphis International Airport, in which then-guard Tony Allen would serve as the airport’s official spokesman.

The contract included stadium-wide, in-arena advertising at FedExForum, print advertising in game-day programs and video board messages to increase awareness about efforts to recruit more flights and a $214 million project to modernize the terminal.

With the contract now nearing its end, the MSCAA board approved an extension that is not as “robust” as the first.

“We’ve gone in and picked the items that we believe will deliver the most bang for the buck,” said Scott Brockman, president and CEO of MSCAA. “In-arena ads, Jumbotron ads, an online presence – it’s not as robust, so we free up dollars to do other things.”

Totaling $315,250, the contract breaks down to $98,000 for year one, $107,000 for year two and $110,250 for year three, ending on June 30, 2021.

MSCAA board member Jack Sammons, president of local ethnic hair care products company Ampro Industries Inc., said he owns a suite at FedExForum and “nobody wants the Grizzlies tickets, this season anyways. They want the Tiger tickets.”

Since the Grizzlies are the only major league sports franchise in the Memphis area, MSCAA marketing agency RedRover recommended the authority keep the partnership, Brockman said, but recognizing the success of the Memphis Tigers and AutoZone Park’s plans to add soccer, the MSCAA also wanted to reach those audiences.

Right now, the authority has a one-year, $95,000 deal with Tiger Sports and a $13,000 sponsorship with the Redbirds.

“We’re talking to the Redbirds, who are also going to do soccer, and the Tigers, which is moving rapidly because they are about to start their season,” Brockman said. “With a strong football program and Penny (Hardaway) coming on board (as head coach), it’s a great opportunity.”

– Daily News staff

Opioid Epidemic Town Hall Meeting Set for July 31

The Shelby County Commission, county government and the Shelby County Health Department will host a town hall meeting on the opioid epidemic, deemed a public health crisis, on Tuesday, July 31, at 5:30 p.m. at Annunciation Greek Orthodox Church located at 573 N. Highland St., will host a local town hall meeting to address the opioid crisis in Shelby County.

Opioid use disorder is a complex health issue that has been declared an epidemic across the nation and within Shelby County. In 2017, Shelby County reported 901 opioid-related emergency room visits, and in the last four years more than 500 Shelby County residents have died due to opioid overdoses.

During this audience-focused town hall, presenters will discuss Shelby County’s opioid response plan and prevention strategies, address concerns, and answer questions from attendees.

The town hall meeting is part of ongoing efforts to educate Shelby County residents about opioid use disorder.

– Daily News staff

Tigers’ Pollard on Watch List For Paul Hornung Award

Memphis junior All-American wide receiver/kick returner Tony Pollard has been named to his second preseason watch list for 2018. The latest is the Paul Hornung Award watch list. The Paul Hornung Award is presented annually by the Louisville Sports Commission to the most versatile player in major college football.

Pollard is also on the watch list for the Maxwell Award.

The Memphis native was a Walter Camp All-America honoree last year after leading the FBS with 40.0 yards per kickoff return and tying for the national lead with four kickoff return touchdowns.

The two-time defending American Athletic Conference Special Teams Player of the Year, Pollard also found the end zone six other times last season, including two rushing touchdowns. He had 36 catches for 536 yards and four touchdowns, and his 536 yards receiving was second only to NCAA Consensus All-American Anthony Miller on the Tigers’ roster.

– Don Wade

AHA, St. Francis Host Art Therapy for Stroke Survivors

The American Heart Association and Saint Francis Hospital-Memphis are teaming up to offer free art therapy classes for stroke survivors.

The first Strokes for Strokes class will be held at 6 p.m. on Tuesday, July 31, in the hospital’s library. Local artist Stacey Ferguson will teach the class and participants’ artwork will be displayed at Saint Francis.

“In addition to inspiring the patient to express their emotions, one of the first things we see with art therapy are the specific deficits the patient may have in their vision or function,” said Dr. Robert Greene, medical director for Saint Francis Hospital-Memphis, inpatient rehabilitation. “If they draw more on one side than the other, we can identify and treat that specific defect more quickly than with traditional therapy. We are excited to participate in this new program with the American Heart Association and help more stroke survivors in the Memphis community recover.”

Space is limited. RSVP by calling (901) 248-7963, or by emailing libby.perry@heart.org.

– Daily News staff

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 97 418 8,253
MORTGAGES 112 508 9,293
FORECLOSURE NOTICES 7 32 1,160
BUILDING PERMITS 194 1,059 18,126
BANKRUPTCIES 46 208 5,367
BUSINESS LICENSES 0 125 3,507
UTILITY CONNECTIONS 0 98 2,366
MARRIAGE LICENSES 0 84 1,676