OUR GREAT INNOVATORS

Inside Memphis Business magazine honors the very best in local innovation over the past year with an awards breakfast and a launch event for our October/November issue.

Our judges did not have an easy time of it with so many worthy efforts going on in town. The ones chosen, you can be sure, are doing very different and very commendable work. The honorees for 2018 include: Van Turner of Memphis Greenspace, Gebre Waddell of Sound Credit, Michael Dyer, PhD, and Alberto Pappo, MD with the St. Jude Children’s Research Hospital Childhood Solid Tumor Network, and Brian Booker with One Step Initiative & Global Pathways to Success.

Join us for our Innovation Awards breakfast on Thursday, October 4th, at the University of Memphis Holiday Inn on Central Avenue in Memphis. Tickets are $20 each, and include breakfast and coffee. Doors open at7:30am with a buffet breakfast, and our program will begin promptly at 8:15am.

The event is co-hosted by the University of Memphis Fogelman College of Business and Economics. Sponsors are Orion Federal Credit Union, Novatech, and Travelennium.

You can purchase tickets here.

WHAT’S GOING ON

– The bookstore novel. is celebrating its first birthday on Saturday with stories, cake, wine, and giveaways. There’s a 20 percent off coupon on its Facebook page that’s good Saturday and Sunday. The bookstore is at 387 Perkins, Ext.

– The confectionery industry helps to create nearly 16,000 Tennessee jobs, according to a report by the National Confectioners Association in Washington. Manufacturers of chocolate, candy, gum and mints directly employ 4,893 workers in Tennessee, with 15,928 jobs supported in related industries, including agriculture, retail, and transportation, among others. The report says Tennessee confectioners directly generate $1.3 billion in economic output, $251.8 million in wages, and $125.1 million in state and local taxes.

– A study by the OTRS Group shows that more than 80 percent of employees look for information for half an hour a day. And 32 percent say they need an average of one hour a day to sort their emails. What are the aggravating factors? 1) All the email means other tasks are repeatedly pushed back or even forgotten (28 percent). 2) It takes a long time to find an email to reply to (26 percent). 3) Emails are sent to too many recipients for whom the information is not relevant (24 percent).

NEWS FROM OTHER SOURCES

– Ikea is cutting back its hours in the Memphis store. Tom Bailey looks into it in the Daily Memphian here. (subscription)

– The Commercial Appeal reports that Tennessee’s median household income increased by nearly 6 percent in 2017, the fifth highest rate in the United States. Read the story here. (subscription)

– Delta Air Lines has increased the price of checked luggage by $5. The Memphis Business Journal has the details here. (subscription)

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.

– Martin, Tate, Marrow & Marston hired Megan Reed and Abigail Abide as associates. Both will be involved in several practice areas, including litigation.

– Bass, Berry & Sims expanded its healthcare practice group with the additions of Gina R. Shockley and Marc A. Rigsby.

– Scott M. McLeod joined Butler Snow as a member of the firm’s finance, real estate, and restructuring group.

– SOMAVAC Medical Solutions hired David Oliver as marketing manager.

– Junior Achievement of Memphis and the Mid-South appointed Brandon Cooper(Memphis market president, Simmons Bank) to its board of directors.

– Marty Ferguson joined First Business Bank as managing director of SBA lending.

– Boyle Insurance Agency added Michael Vinson and Ron Gant as account executives.

POWER PLAYER

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: Erich Mounce

CEO, The West Clinic and West Cancer Center. B.S., Business, University of Southern California. B.S. and M.H.A. in Health Administration, California State University, Northridge. Previously, CEO of Lakeside Systems/Lakeside Comprehensive Healthcare in Glendale, California. Developed DC Healthcare Alliance, a public-private partnership to provide care for the underserved Washington, D.C., population. Helped to formulate a three-way collaboration between Methodist, University of Tennessee Health Science Center, and The West Clinic to create the West Cancer Center, an innovative effort to combine expertise and provide new research and access to Phase I through Phase III clinical trials.

For the complete list of Inside Memphis Business Power Players, go here.

CEO OF THE YEAR

Every year, Inside Memphis Business magazine honors four CEOs who have proven to be exemplary in their fields, leading their companies to success on local, regional, national, and international stages.

Nominations for the 2019 CEO of the Year awards are open. Memphis is graced with tremendously talented, inspiring executives in charge of their companies and organizations, and we want to hear from you about the best in the business. Email your nomination to [email protected]com and include the CEO’s resume and a description of why he or she should get the award: vision, achievements, business philosophy, employee relations, management style, special qualities.

We give out four awards in categories according to the number of employees in the companies: 1-50, 50-200, 200-1,000, and 1,000 and up, so include that information as well. The deadline for CEO of the Year is November 16, 2018. When the nominations are in, an impartial panel will consider the nominees and pick one for each category. Each will be notified and interviewed for the February/March 2019 issue of IMB — and each will appear on the cover of the magazine. A breakfast in late January will honor the four CEOs.