Memphis Business Journal

Admission will be free at the National Civil Rights Museum on Martin Luther King Jr. Day this year. The entry fee is being covered by Memphis-based FedEx Corp. in remembrance of the civil rights leader who was killed in Memphis in 1968. The museum will be open 8 a.m. to 6 p.m. on Monday, Jan. 20. FedEx is also providing free admission Jan. 20 to the Mississippi Civil Rights Museum in Jackson, Mississippi; the Birmingham Civil Rights Institute; and The Legacy Museum in Montgomery; and free admission…
Friday, January 17, 2020 - 14:44
"This was all a show … to mislead the public that they really want to stay Downtown and it's only the bad guy landlord that didn’t want to give them the elevators," the building's owner said.
Friday, January 17, 2020 - 13:27
TennCare’s top official is leaving his post to return to the private sector. Gabe Roberts will step down as director of Tennessee’s Division of TennCare effective March 2, according to a news release. Gov. Bill Lee has yet to name a successor.  TennCare is Tennessee’s Medicaid program covering primarily low-income pregnant women, children, and the elderly or disabled, according to the state’s website, representing 1.4 million people, or approximately 20% of Tennessee’s population. Roberts…
Friday, January 17, 2020 - 12:53
One of Memphis’ largest private firms has added a Chattanooga-based company’s technology to its stable of offerings. Sedgwick announced Wednesday, Jan. 15, that it had acquired G&E Enterprises, which was among the first companies to develop time and material billing software. Greg Dillon, G&E’s founder, developed the beginnings of a construction and property loss software in the wake of Hurricane Hugo in 1989. Now, G&E offers T&M Pro, a billing and data management software-as-a-service…
Friday, January 17, 2020 - 12:45
Coming off a strong quarter and year, First Horizon National Corp. is looking back — and planning ahead.
Friday, January 17, 2020 - 12:28
Hilton Worldwide Holdings Inc. (NYSE: HLT) launched a new lifestyle brand Thursday with as many as 60 hotels in the pipeline. Tempo by Hilton is marketed as an "approachable lifestyle brand" that serves "modern achievers." McLean, Virginia-based Hilton has identified 30-something locations for initial Tempo hotels, including in Washington, D.C., New York, Boston, Los Angeles, Nashville, San Diego, Charlotte, Houston, Atlanta, and Maui. Another 30 deals are in various stages of development. Hilton…
Friday, January 17, 2020 - 08:36
St. Patrick’s Catholic Church didn’t want to turn its old school building into a daycare. The school — Downtown at 277 S. Fourth St. — had closed with the rest of the Jubilee Catholic School Network at the end of the 2018-19 year, and the church was trying to figure out what to do with the space. Originally, it was going to become a charter school, like six of the nine former Jubilee Schools. This didn’t pan out. And while a company had proposed turning it into a daycare center, St.…
Friday, January 17, 2020 - 06:45
There are a few issues in trying to discover the largest Mid-South property sales from any given year. One is that Mississippi — home to many of the region's premier industrial properties — doesn't disclose sale prices. Another is that many commercial properties in Shelby County are under a PILOT (payment-in-lieu-of-taxes) agreement, which means their sale prices don't appear in property records either. However, the deeds that do show up still carry big price tags. The year's top 15 all…
Friday, January 17, 2020 - 06:20
As a business owner and principal in a Memphis-based marketing agency, I’ve always known the importance of investing in our community and fellow Memphians, financially and otherwise. It’s like being a parent: You love your child and want the absolute best for them, and you invest in them to see them grow, prosper, and be the best they can be. That’s exactly how I feel about this city, and I know I’m not alone. We care about and have pride in Memphis, and we know that when our town prospers,…
Friday, January 17, 2020 - 05:54
Memphis International Airport’s $245 million Concourse B modernization project will have an artistic feel, courtesy of a local nonprofit. During its monthly meeting Thursday, Jan. 16, the Memphis-Shelby County Airport Authority (MSCAA) Board of Commissioners approved a $1.5 million budget for an art program that will be led by the Urban Art Commission. That contract includes a management fee of 17 % — or $255,000 for services — with the remaining $1.2 million designated for commissioned…
Thursday, January 16, 2020 - 14:57
The Memphis Tigers are about to have some new cubs. The University of Memphis announced Thursday, Jan. 16, that it's launching a kindergarten program as part of its Campus School. The school previously served only first grade through fifth grade. “Adding kindergarten to the Campus School curriculum not only advances our University Schools’ goal of diversity, inclusion, and access within our schools, it also opens the doors for more dynamic and robust research and practitioner training programs…
Thursday, January 16, 2020 - 14:55
FedEx plans to finish its $1.5B World Hub project by 2025. Here's what they've spent so far on construction — and who's getting paid.
Thursday, January 16, 2020 - 14:43
We've all been there. You get home from a long day of work, ready to put your feet up. You go to feed the dog and … you're out of food. The thing about pets — they expect to be fed. It's just such a scenario that prompted Memphis-based Hollywood Feed to introduce its same-day delivery service. They started it as a trial run — five days a week, a two-hour delivery window — back in September 2018. They officially launched the service in April 2019. Within the first few months, said Jean…
Thursday, January 16, 2020 - 14:00
The Brooks Museum of Art is tentatively scheduled to open its new, riverfront building in 2025. Here's what we can expect from the $100 million facility.
Thursday, January 16, 2020 - 11:48
“We’ve started some of the services as seasonal, and some of them have been so successful, we’ve been able to expand them and go year-round," Allegiant's Thayne Klingler said. "It definitely seemed like some momentum is going on here, and that speaks well for the community.”
Thursday, January 16, 2020 - 07:10
There's no debate that FedEx and Memphis rely on each other for success. And yet, the Economic Development Growth Engine (EDGE) for Memphis & Shelby County approved a $38 million tax break for FedEx's largest competitor, UPS, on Wednesday, Jan. 15. EDGE president Reid Dulberger gave four reasons for doing so: UPS currently employs more than 1,300 people at the facility. Memphis International Airport, which is heavily reliant on FedEx's business, is in support of the project. If the incentive weren't…
Thursday, January 16, 2020 - 06:58
A few weeks into 2020, and FedEx is ready to host its second job fair. The shipping and logistics giant is holding a hiring event Saturday, Jan. 18, at the Memphis World Hub. The goal is to fill 500 permanent part-time positions within FedEx Express. Hourly rates start at $13.26, and a minimum of 17.5 hours is guaranteed per week. FedEx Express’ fair will take place from 8 a.m. to 3 p.m. at 2874 Business Park Drive, Building D. Medical coverage with premiums less than $10 per month Day…
Thursday, January 16, 2020 - 06:48
Truck drivers are often away from home for weeks at a time, and the lifestyle has placed a burden on the industry. But one startup is looking to change the way deliveries are made.
Wednesday, January 15, 2020 - 14:47
An industrial real estate firm with offices in Chicago and Nashville is readying another development in Southaven — and this one is much larger than its first.
Wednesday, January 15, 2020 - 14:02
Fat Tuesday, which specializes in New Orleans-style frozen drinks, has turned its eye toward Beale Street.
Wednesday, January 15, 2020 - 13:08