Memphis Business Journal

Shelby County could begin funding the Memphis Area Transit Authority (MATA) by mid-2020, Mayor Lee Harris said Friday, February 15. During his State of the County address, Harris said the county would be putting forward a proposal that would help fund MATA over a period of time and would phase its investment over several years. Under this scenario, the City of Memphis would also continue funding MATA. The transit authority has received between $26 million and $31 million annually from the city over…
Monday, February 18, 2019 - 07:54
Just days after Shelby County Mayor Lee Harris called workforce development a top priority, his administration announced new leadership to an agency that helps train local workers. Kyla Gutierrez Guyette, a longtime workforce professional throughout the Southeast, has been named the new director of the Workforce Investment Network (WIN), the local operator of government-funded job training centers. And John Moore, former president and CEO of the Greater Memphis Chamber, has been named deputy director…
Monday, February 18, 2019 - 07:53
Shelby County Mayor Lee Harris expressed doubt about the effectiveness of tax incentives and disputed the notion that the public sector actually creates jobs during his State of the County address Friday. Instead of incentives, he offered workforce development and other investment in people as the public's proper place in the equation. "I believe that the jury is still out as to whether a government official can create a private sector job. I still believe that the private sector creates private…
Saturday, February 16, 2019 - 09:04
Memphis 3.0 cleared its first legislative hurdle Thursday, Feb. 14, meaning the Memphis City Council is the last remaining barrier between the city and its first comprehensive land-use plan in nearly 40 years. The Memphis and Shelby County Land Use Control Board (LUCB) voted unanimously at its most recent meeting to approve the plan and send it to the City Council for approval. Even before Land Use adopted the plan, neighborhoods tried to use it as a reason for certain developments to be denied:…
Friday, February 15, 2019 - 14:22
Memphis' new football team is looking to make some improvements at its home stadium. A building permit valued at $24,000 was filed Thursday, Feb. 14, by the Express. According to the permit, the site is 335 N. Hollywood St., the location of the Liberty Bowl Memorial Stadium. The work was described as scaffolding for VIP seating. Cavan Fosnes, director of communications for the Memphis Express, declined to provide further details to the Memphis Business Journal about the impending work. The Express,…
Friday, February 15, 2019 - 13:55
An old shopping center on Mendenhall near Poplar will get some long-overdue renovations — but, it could mean a longtime restaurant would have to leave.
Friday, February 15, 2019 - 13:52
The largest beauty retailer in the nation continues to grow it's Mid-South presence. Ulta Beauty has signed a lease at Germantown Village Square at 7670 Poplar Ave., where it will join tenants such as Old Navy, TJ Maxx, and Five Below. According to the shopping center's owner, PEBB Enterprises, Germantown Village Square's ground-level retail is now 97 percent occupied — one 4,000-square-foot space is still available — and its upstairs office is 90 percent occupied — with a 2,700-square-foot…
Friday, February 15, 2019 - 13:10
Tony Allen, the beloved former member of the Memphis Grizzlies, purchased an 8,000-square-foot Germantown mansion for $1.1 million earlier this month. Located on Hollow Creek Road in ZIP code 38138, the 2003 home includes four bedrooms and five-and-a-half bathrooms. The NBA star's purchase was actually the second-highest for the week, by $13,000. The No. 1 home was a new-build on Chapel Woods Cove in Germantown's 38139. That house has five bedrooms and four-and-a-half bathrooms. A new home…
Friday, February 15, 2019 - 12:02
In treating a stroke, minutes — and even seconds — matter to preserve neurons that are vital to motor function and preserving life.   The University of Tennessee Health Science Center’s (UTHSC) Mobile Stroke Unit, a veritable “emergency room on wheels” with hospital-grade CT imaging technology, helps lessen the time period between when a call is made about a stoke to a patient getting treatment. The Mobile Stroke Unit launched in 2016, with more than $3 million for up to three years…
Friday, February 15, 2019 - 12:00
On the heels of his retirement announcement from FedEx, David Bronczek will vacate his board seat at International Paper. Yesterday, Memphis-based FedEx Corp. announced Bronczek, president and chief operating officer for FedEx Corp., would retire from the company Feb. 28, and a Friday, Feb. 15 filing with the U.S. Securities and Exchange Commission (SEC) has revealed he will also retire from the board of directors for Memphis-based International Paper Co. (IP). Bronczek informed IP of his decision…
Friday, February 15, 2019 - 09:09
The University of Memphis is launching new research into agriculture and food science that could help draw tech companies and jobs to the city. The Division of Research & Innovation program will provide new knowledge and solutions to agriculture and food industry challenges. “This initiative supports the regional push to attract new agriculture and food technology companies and bring good jobs to our region,” said Dr. Jasbir Dhaliwal, executive vice president for the U of M's Research & Innovation.  This…
Friday, February 15, 2019 - 07:05
David Bronczek’s sudden departure from FedEx will mean a multimillion-dollar cash payment for the longtime exec. Memphis-based FedEx Corp. announced Feb. 14 that Bronczek, president and chief operating officer for the shipping giant, had made a “personal decision to retire” and would be replaced by Raj Subramaniam. The separation and release agreement filed with the U.S. Securities and Exchange Commission (SEC) has now revealed more details. According to that filing, Bronczek will receive…
Friday, February 15, 2019 - 06:12
Legals 021519
Friday, February 15, 2019 - 05:00
FedEx has a new president and COO effective March 1. Memphis-based FedEx Corp. announced Thursday, Feb. 14 that David Bronczek, president and chief operating officer for FedEx Corp. would retire at the start of next month. A news release stated it was a "personal decision to retire." Bronczek will be replaced by Raj Subramaniam. This news comes less than a month after Bronczek – who started with FedEx in 1976 — was elected to the FedEx board of directors. He will also retire from the board…
Thursday, February 14, 2019 - 16:16
Three months into his stewardship of Gibson Brands Inc., former Levi Strauss & Co. executive James "JC" Curleigh is laying out a plan for the rebirth of the "125-year-old startup" he now leads. That's how Curleigh described the iconic guitar maker in a recent interview with Billboard. "We're a 125-year-old company that's taking the approach of being a 125-year-old startup," Curleigh said. "We've cleared the decks and we've emerged ready for the future." Curleigh was named CEO of Gibson last…
Thursday, February 14, 2019 - 14:41
This week, we turn our attention to the land surrounding Noah's Event Venue near TPC Southwind and the vestiges of a historic Memphis brand.
Thursday, February 14, 2019 - 14:32
Not that you have to be married to succeed, but if you do get married, the person is important.
Thursday, February 14, 2019 - 14:17
In a week dominated locally by FedEx headlines, the company provided an investor update. FedEx Logistics — a subsidiary of delivery giant FedEx Corp. — announced Feb. 12 it plans to move its global headquarters to the former Gibson Guitar Factory building in Downtown Memphis. That news followed the release of an investor relations presentation, published Feb. 11, that gave a general FedEx Corp. overview and update.   The FedEx roadshow presentation touches on everything from FedEx’s long-term…
Thursday, February 14, 2019 - 14:11
A well-known culinary outfitter has a new home in the Mid-South and a new recipe for success.
Thursday, February 14, 2019 - 13:45
Amazon.com Inc. will no longer build a hub in New York City, the company announced Thursday. In a blog post, Amazon wrote: "After much thought and deliberation, we’ve decided not to move forward with our plans to build a headquarters for Amazon in Long Island City, Queens. For Amazon, the commitment to build a new headquarters requires positive, collaborative relationships with state and local elected officials who will be supportive over the long-term. While polls show that 70 percent of New…
Thursday, February 14, 2019 - 11:24

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