CTSI-Global Recommits to Memphis with new headquarters
> The logistics tech company CTSI-Global recently held a ribbon-cutting for its new headquarters at 1 South Prescott across from Poplar Plaza, bidding adieu to its old location at Clark Tower. “As a company, we’ve put more than a quarter of a billion dollars into the Memphis economy through payroll over the past 25 years,” says company CEO Ken Hazen. “Imagine how many ribs and barbecue sandwiches that is.”
CTSI-Global is the largest privately-held freight audit technology provider in the world, and processes $15 billion in transactions each year. The company also uses its platform to help smaller businesses around the Mid-South grow via its Managed Service options, which gives other companies access to CTSI’s logistics tech.
> On a list of places experiencing the most growth in their local economy released by financial technology company SmartAsset, Shelby County has ranked among the top counties in Tennessee. Counties in the analysis were measured by GDP growth over a four year period. It’s an interesting chart: the GDP growth is just behind No. 1 Davidson County. That’s good! But business growth barely registers at 0.2 percent. In light of these numbers, keep reading …
> Jimmie Covington of the Best Times writes: “The nine-county Memphis area ranks sixth among the country’s large metro areas in loss of residents to movement elsewhere in the country, according to an analysis of census estimates by a financial news and opinion firm.” Covington’s piece is in Smart City Memphis here. He knows his numbers and they should be sobering.
NEWS FROM OTHER SOURCES
> The long-awaited resolution of Tom Lee Park is in. Mayor Jim Strickland announced that the mediation was complete and that the situation was moving on. Read Toby Sells’ story in the Memphis Flyer here.
> It’s not a totally done deal, but it looks like Loews wins. A court ruling cleared the way for it to proceed with a 500-room hotel on Civic Center Plaza. Competitor Sheraton called the incentives unfair. Read Wayne Risher’s story in the Daily Memphian here.
> Richard Smith has turned over chairmanship of the Greater Memphis Chamber to Willie Gregory, director of Global Community Impact for Nike. And yes, Roxo delivered the gavel. Read Desiree Stennett‘s story in The Commercial Appeal.
> U of M is committed to be a significant presence in research. Read John Klyce’s story in the Memphis Business Journal here.
> Need to know what to do this weekend? Check out Memphis magazine’s Five Things To Do This Weekend here.
THE HOT SHEET
Who’s getting promoted? Who’s closing big deals? Who’s getting awards? Inside Memphis Business magazine’s Hot Sheet has the latest on milestones in Memphis.
Rhodes College appointed Dr. Katherine Clay Bassard (pictured) as provost and vice president for academic affairs.
Michelle Tracey joined Mirimichi Golf Course as director of sales & marketing.
inferno hired Taylor McPherson as public relations coordinator and Eric Taylor as an account executive.
Fogelman Properties promoted Mike Aiken to senior vice president of investments.
UTHSC’s College of Nursing hired Diana Dedmon as director of clinical affairs.
Inside Memphis Business magazine publishes a list of local Power Players every year. These are the movers and shakers in more than 30 categories who get things done in their respective fields. IMB’s April issue has the complete list. We also publish individual categories in other issues throughout the year, and we feature individual Power Players in our weekly Tip Sheet.
This week’s Power Player is Stephen L. Oseman, president and owner, Oseman Insurance Agency. Graduate, University of the South. Formed agency in 1985 and has grown the business to one of the largest independent agencies in Tennessee with 17 employees. Offices in Memphis and Jackson, Mississippi, specializing in the automotive industry, healthcare P&C, education, social services, entertainment, transportation. Licensed in almost every state. Member, Insurors of Tennessee, Insurors of Memphis. Founding member, R.L. White Dead Welders Society.
“We now have a clear direction not just for the designers of the park, but also a process for review and approval by the city of Memphis and the Army Corps of Engineers before any construction can begin.”
—Memphis mayor Jim Strickland on the end of mediation for Tom Lee Park. Read Toby Sells’ story in the Memphis Flyer here.