WHAT’S GOING ON
– Varsity Spirit has launched Varsity Pro, centered around professional dance and cheer teams in the NBA and NFL. Varsity Pro will offer professional dance teams custom choreography from a team of choreographers who have worked with dance and cheer teams in the industry, as well as apparel and event opportunities. Varsity Pro choreographers will consult with teams and provide them with fully staged, performance ready routines.
– The marketing firm GetResponse notes that even in 2019, the wage gap continues to result in a lower overall median wage for women than for men in the same occupation. And there are plenty of occupations that are overwhelmingly male. A recent study shows that when it comes to STEM, women are often underrepresented, although some cities score better than others.
Here are the top 10 cities with the highest percentage of women working in STEM:
- Detroit, MI (41.03%)
- New Orleans, LA (37.88%)
- Washington, D.C. (37.60%)
- Philadelphia, PA (36.40%)
- Memphis, TN (35.45%)
- Baltimore, MD (35.40%)
- Oakland, CA (35.33%)
- Kansas City, MO (34.65%)
- Nashville, TN (33.90%)
- Sacramento, CA (33.85%)
– Pierce Distribution, a logistics solution provider, signed a three-year contract with a global manufacturer and supplier for railway track maintenance and construction. The partnership includes the management of a new 50,000 square foot distribution facility in Memphis. The contract includes order fulfillment activities, parts receipt, inventory management and shipping. Pierce is a specialized third-party provider of parts distribution and warehousing services and has been in business for 65 years with locations across the United States including Ripley, Tennessee.
NEWS FROM OTHER SOURCES
– How did NBC‘s Bluff City Law find a home in Memphis? Read Chris McCoy’s Memphis Flyer story here.
– The City’s industrial development board is hoping to purchase the 71-acre Firestone Tire and Rubber Co. site in New Chicago. Read Jacob Steimer’s story in the Memphis Business Journal here.
– Loeb and Caruthers going after properties on the fringes of Overton Square. Read Tom Bailey’s story in the Daily Memphian here.
– The International Air Transport Association reports that FedEx remains the busiest cargo airline with UPS fourth. Read Max Garland’s story in The Commercial Appeal here.
UPCOMING– PWP: A Proactive and Impactful Clean City Movement. July 23, 6-8pm. Habitat For Humanity of Greater Memphis, 7136 Winchester Rd. BLDG Memphis will host an expert panel examining the long-term effects of disinvestment in core city neighborhoods. Part of the ongoing “Pizza With Planners” series of free workshops, the panels bring together neighborhood leaders, planners, and anyone interested in impacting Memphis communities. Panelists include: Steve Lockwood (Frayser CDC), Judge Patrick Dandridge (Shelby County Environmental Court), Torian Harris (City of Memphis Environmental Enforcement Team), and Steve Barlow (Neighborhood Preservation Inc.). More info here.
– The 4th annual Bacon & Bourbon Festival hosted by the Memphis Flyer will have creative bacon-inspired dishes of all kinds from some of Memphis’ best restaurants, plus an array of distilled spirits to tempt your tastebuds. The music, merriment, and entertainment will be Saturday August 24th 2019 at Beale Street Landing downtown. A portion of proceeds go to the Memphis Farmers Market. More info 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.
– Paragon Bank added three employees to its team: Lauren Gibson (financial services associate), Vanessa Taylor (vice president of consumer banking, pictured), and Thomas Carlisle (credit analyst).
– Memphis-Shelby County Airport Authority president and CEO Scott Brockman was named to the Transportation Industry Council of the Federal Reserve Bank of St. Louis.
– Children’s Museum of Memphis appointed Stewart L. Burgess as executive director.
– Baker Donelson was named to Working Mother’s 2019 “Best Law Firms for Women.”
– Golden Bolt LLC purchased a new warehouse facility in North Memphis at 1580 Panama.
– The Seam is set to boost Delta peanut production through a new partnership with Delta Peanut, which opened the area’s first shelling facility in 50 years.
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.
“The state of Tennessee has invested about $69 million in reimbursements over a 10-year period. We’ve gotten back $78 million in sales tax revenues. The program has generated $480 million in income to Tennesseans working in the production industry that we would not have seen without the incentives. It produced $655 million in economic output. … So when people ask, ‘Why are we giving money to productions?’ We’re impacting small businesses. We’re creating high-quality jobs.”
– Bob Raines, executive director of the Tennessee Entertainment Commission, on the financial benefits of film and television incentives.