WHAT’S GOING ON
– The Society of Entrepreneurs has elected three new members to the organization. Chris Bird of Dillard Door & Security, Inc.; Dr. Steve Charles of Charles Retina Institute; and Carl Ring of Ring Container Technologies will be inducted at the 27th Annual Dinner and Awards Banquet which will be held on Saturday, April 6, 2019 at the Holiday Inn at the University of Memphis.
Around 2000, Bird formed an agreement with John Dillard, Jr., that he would form a corporation that would eventually purchase the assets of the existing Dillard Door & Specialty Co. Chris took $75,000 in savings and a personal note from Dillard to capitalize the new corporation Dillard Door & Security, Inc. At the time of purchase, the company had 12 employees and was doing about 2 million in revenue. In five years the company had grown to about 50 employees and 6 million in revenue. In 2008, the security portion of the business had become large enough that they started a separate company Dillard Security Services, LLC to better handle the needs of the security business. In 2018, Dillard Door acquired Tri-State Glass, a 60 year old, family owned business that had a large portion of its revenue from Dillard.
Dr. Charles is one of the world’s leading vitreoretinal surgeons and has developed many of the techniques and devices used by vitreoretinal surgeons globally. He has performed more than 36,000 vitreoretinal surgeries, lectured in 50 countries and operated in 25, delivered 17 named lectures, and more than 1,000 speaking trips. He is a mechanical and electrical engineer and has well over 100 issued or pending patents. He is also a consultant for Alcon Laboratories. Additionally, Charles is the Founder of MicroDexterity Systems, which developed robots for dexterity enhancement for minimally invasive knee and hip replacement, spine surgery, and skull base neurosurgery.
Ring is the retired Chairman of Ring Container Technologies, one of the largest plastic container manufacturers in North America. It is headquartered in Oakland, Tennessee, and has grown from one factory in 1980 when Carl joined, to 18 manufacturing locations, employing more than 700 people, across the United States, Canada, and Great Britain. Ring Container’s success is deeply rooted in its culture where its people are valued, challenged, and encouraged to have fun. Ring also has a “focused plant” philosophy whereby highly engineered and automated “clean-room” plants are geographically located near major customers to best serve their daily needs.
– JASCO Realtors is merging with the Keller Williams Realty Memphis office to create one of the largest real estate brokerage offices in the Mid-South with more than 300 agents.
– The Federal Reserve Bank of St. Louis released its portion of the Federal Reserve’s latest Beige Book. The local report summarizes economic conditions for the Eighth District, which is based in St. Louis and covers all of Arkansas and parts of Illinois, Indiana, Kentucky, Mississippi, Missouri and Tennessee, including highlights of St. Louis, Little Rock, Louisville and Memphis. It’s available here.
– The Tennessee Medical Association is reporting record-level statewide demand for its physician leadership training programs as it points to notable shifts in the healthcare landscape and evolving roles and expectations for doctors. Slots for TMA’s programs are filled for 2019 with a waiting list for 2020. While both programs have stayed at or near capacity in recent years, the growing waiting lists signal growing interest in the market for good physician leaders. “TMA’s unique position as a nonprofit advocacy organization allows us to meet this growing market need with physician-focused programs that are superior to and less expensive than healthcare organizations can get anywhere else,” says Dr. Matthew L. Mancini, a Knoxville surgeon and TMA President for 2018-2019.
NEWS FROM OTHER SOURCES
– Tom Bailey of the Daily Memphian reports that a building permit application for the first phase of the One Beale project was filed this week. The Landing Residences at One Beale will be a mixed-use, seven-story building of 232 luxury apartments, 23,074 square feet of retail and office space, and a 464-space parking garage. Read the story here.
– The Memphis Business Journal‘s Jason Bolton writes that since the University of Tennessee Health Science Center announced its campus master plan in 2014, new construction and the renovation of its existing buildings have contributed to an estimated annual total impact of $2.9 billion on the local economy. Read his story here.
– The history of railroads in Memphis remains connected to the present with Atlantic Track and Turnout Company‘s curved-rail production facility. Read Ted Evanoff’s story in The Commercial Appeal here.
THE HOT SHEET
Inside Memphis Business magazine has long been running the Hot Sheet feature of promotions and achievements in local business. We’re now running it in our weekly Tip Sheet email blast to keep the info more current.
– For the fourth consecutive year, the ZeroTo510 Medical Device Accelerator was awarded a silver ranking by the Seed Accelerator Rankings Project, making it one of the top 25 accelerators in the country. This summer, ZeroTo510 graduated its seventh cohort, with a total of 27 businesses having gone through the program. Some recent successes include Somovac Medical and Sweetbio.
– For the second year in a row, Southern College of Optometry is the only optometry school in the nation to report 100 percent of its most recent graduating class passing the National Board optometry exams. Last year was the first time the Association of Schools and Colleges of Optometry published the exam pass rates, and once again, SCO has been recognized as having the highest rate of passage and as the only school in which all students passed.
– Lori Turner-Wilson, co-founder and CEO of RedRover, received the Memphis area’s “Vistage Impact Award.” Vistage is a global network of CEO’s, presidents, and executives.
– Multiple law firms were recognized by several legal ranking publications. Leigh Taylor-White, an attorney at Shea Moskovitz & McGhee, was named as a “Rising Star” by Super Lawyers; Stevan Black, a founding member of Black McLaren Jones Ryland & Griffee, P.C., was recognized as “Lawyer of the Year – Family Law” by The Best Lawyers in America 2018.
– inferno received three awards at the PRSA Memphis Chapters 25th Annual VOX Awards Ceremony. The agency garnered recognition in the “Special Events: Two Days or More,” “Campaigns: Community Relations,” and “Media Tactics: News Releases – Feature” categories.
– Agricenter International and University of Tennessee extensions added educators Laura Robertson and Michael Owen to their joint education partnership.
– Vaco Memphis promoted Amanda Davis (pictured) to director of business operations.
– Junior Achievement of Memphis and the Mid-South named Dr. Mary McDonald, founder and CEO of MCD Partners, to its board of directors.
– Burch, Porter & Johnson, PLLC, made three additions to its staff: John R. “Mac” McCarroll (senior attorney), Sarah E. Smith (associate), and Patrick J. Hillard (associate).
– Forest to Floor, a wholesale hardwood flooring distributor and design center, hired Josh Wilbanks as vice president of distribution for the North Little Rock and Memphis locations.
– Paragon Bank announced its third quarter earnings for 2018 with a net income of $686,000, a 25 percent increase over 2017’s third quarter.
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 Paul Teixeira, Global CEO, The Juice Plus+ Company. Former CFO, The Bryce Company. Born, raised, educated in Sao Paulo, Brazil (as a chemical engineer, M.B.A.). Moved to Memphis in 1989 and now describes himself as a “Memphian born somewhere else.” Board member, Boys & Girls Clubs of Greater Memphis, Mid-South American Heart Association, Community Foundation of Greater Memphis, Regional One Health Foundation, The Juice Plus+ Foundation. Married to Priscilla and father of Lucas. Enjoys tennis, fishing, reading, aeroponic gardening.