Memphis Business Journal

Money makes the world go round, but can we get a nod for compassion and kindness? What about the notion for caring about our fellow man? Consider the dignity of earning a learning wage, of being recognized and acknowledged. Imagine this. A business is founded, not with an eye toward big profit but with a focus on big good. Businesses that are for and about the community. What a radical idea. “My background is white privilege,” said Carey Moore.  She said she and her husband Rick were…
Monday, November 23, 2020 - 07:25
Memphis-area bankruptcy courts recorded three business filings — including two with total debts above $1 million — during the week that ended Nov. 13, 2020. Year to date through Nov. 13, 2020, the court recorded 70 Chapter 7 or Chapter 11 business bankruptcy filings, a 49% increase from the same span the prior year. Chapter 7 bankruptcy protection typically provides for the liquidation of a business’ assets to satisfy creditor claims, while Chapter 11 protection enables a business to restructure…
Monday, November 23, 2020 - 07:25
Bars and restaurants must enforce masking at all times customers aren't actively eating or drinking. A new Health Directive released Friday evening included that requirement, along with a return to 50% occupancy and 10 p.m. closure for all full- and limited-service restaurants. More than a month has passed since the Shelby County Health Department (SCHD) last issued an updated Health Directive to combat the coronavirus, and it's been months since any of its proclamations contained new, major restrictions.…
Friday, November 20, 2020 - 18:07
“We wanted to create a business that would focus on the employees and their families and their livelihoods," said Kristin Fox-Trautman, owner of Inspire Cafe in Binghampton.
Friday, November 20, 2020 - 14:35
Meet Dr. David Schwartz of UTHSC. A 2020 Health Care Hero, Schwartz was selected for his dedication to his profession as a radiation oncologist as well as his work to get COVID testing sites established in the Mid-South.
Friday, November 20, 2020 - 14:33
Building permits were recently filed for a self-storage facility on Germantown Parkway and an industrial expansion that just received a tax break.
Friday, November 20, 2020 - 12:58
2020 has been a year of unpredictability, of twists and turns we previously considered impossible — or at least improbable. So, here’s a fun Friday fact we wouldn’t have guessed five years ago: The State of Tennessee has doled out money to a Memphis-area CBD company. Considering CBD and hemp-derived products weren’t made legal in all 50 states until 2018, that’s quite a turn. But earlier this week, the Tennessee Department of Agriculture (TDA) and Department of Economic and Community…
Friday, November 20, 2020 - 12:48
The massive merger-of-equals between First Horizon and IberiaBank meant the combined institution would become a financial behemoth, one of the 25 largest banks in the nation, based on deposits. It also meant, however, that not everyone would keep their job. And when First Horizon completed the merger, Candace Steele Flippin, its chief communications officer since January 2018, stepped away. But don’t feel too sorry for her, because she recently landed a new position — one with the same title.…
Friday, November 20, 2020 - 12:09
Money makes the world go round, but can we get a nod for compassion and kindness? What about the notion for caring about our fellow man? Consider the dignity of earning a learning wage, of being recognized and acknowledged. Imagine this. A business is founded, not with an eye toward big profit but with a focus on big good. Businesses that are for and about the community. What a radical idea. “The ‘X’ represents the missing link that’s been in coffee,” said Bartholomew Jones, founder…
Friday, November 20, 2020 - 07:30
A former eyesore in a Memphis community has been transformed into an appealing amenity. The $45 million Raleigh Springs Civic Center project at 3452 Austin Peay Highway is nearly finished at the former site of the Raleigh Springs Mall. The 23-acre multiplex is comprised of a new, 17,500-square-foot library and the 3,800-square-foot Austin Peay Police Station and Traffic Precinct, where 600 police officers will be stationed. The officers are those from the Old Allen Precinct and Union Avenue Traffic…
Friday, November 20, 2020 - 07:28
“Extra! Extra! Read all about it! FedEx Express to hold a job fair!” Boy, the kid with the news cap making that pitch could have a hard time selling papers. Because few things are less surprising than an announcement that the delivery service giant is hiring. On Saturday, Nov. 21, from 8:30 a.m. to 3 p.m., the company will again look to fill permanent, part-time positions at the FedEx World Hub, part of an ongoing pattern as it looks to prepare for a record-breaking peak season. FedEx plans…
Friday, November 20, 2020 - 07:28
The airport’s $245 million Concourse B modernization project will include customized areas for airline tenants. The Memphis-Shelby County Airport Authority (MSCAA) approved a $2.9 million bid from Memphis-based minority-owned A&B Construction Co. during its Thursday, Nov. 19, board meeting. A&B will now lead the renovations of the airline operation areas at Memphis International Airport (MEM). Scott Brockman, president and CEO of MSCAA, said A&B will build out support facilities for passenger…
Thursday, November 19, 2020 - 14:43
Business decisions are often intertwined with the impact they’ll have on the family, and business owners must understand the dynamics and value drivers of both — as well as how they overlap. It’s a strategic benefit to have a team of professionals who understand the valuation aspect of selling a business, in addition to having wealth expertise, during all stages of your business sale. This is especially true if you can find a team that can tailor its recommendations based on your goals and…
Thursday, November 19, 2020 - 14:21
The ramp operation is a 59.5 acre site, which has nine wide-body aircraft gates, 14 feeder aircraft gates and 18 truck docks.
Thursday, November 19, 2020 - 14:18
Cameron Taylor and Lee Patton — whose primary business is commercial construction — are planning to develop apartments next to Methodist University Hospital.
Thursday, November 19, 2020 - 14:09
"We just happen to really like each other, and we really get along and have since we met them. So that's the fun part."
Thursday, November 19, 2020 - 13:45
Shelby County Health Officer Dr. Bruce Randolph said a health directive with new restrictions will be released by Monday, Nov. 23 — and potentially sooner. "Things are at a point where we need to take some action," Randolph said during a Nov. 19 news conference. "We must act now because if we wait too long than the numbers will be even worse." On Tuesday, 835 new cases were reported, making it the county's worst day heretofore. In the past week, the county has averaged 442 cases per day — just…
Thursday, November 19, 2020 - 13:32
Being an executive at a public company isn't easy. Often, a “VP” or “chief” title can come with an array of responsibilities, long hours, and a continuous monitoring of stock prices and shareholder value. Recently, Kelly Luttrell, the former SVP, CFO, treasurer, and corporate secretary of Jernigan Capital (JCAP), told MBJ about the vigor required in her job. And past FedEx EVP, general counsel, and corporate secretary Ken Masterson spoke last month about how the work was “all-consuming.” With…
Thursday, November 19, 2020 - 13:13
Erin Pryor has 20 years of marketing experience in the banking, finance, and media industries.
Thursday, November 19, 2020 - 13:03
They may be small but they are mighty. They are your favorite place to score some ribs. The place where you get your finances in order. The place where you do yoga or make your branding really sing. They are the small businesses. They are the places that serve as the backbone of any thriving community. According to the U.S. Small Business Administration, there are more than half a million small businesses in the state employing some 1.1 million people. Each year, the Memphis Business Journal…
Thursday, November 19, 2020 - 07:30

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