C’MON CHAMBER GET REAL

C’MON CHAMBER GET REAL

C’MON Chamber Get ReAL

By Joe B. Kent

$70M IN MEMPHIS-SHELBY TAX REVENUE SHORTFALLS

Memphis/Shelby County has sacrificed the true economic growth engines of safe/paved streets, education and public transit for excessive tax abatements that do not serve the overall business community and the taxpayer. The cost to the community in excessive tax abatements is estimated to be $70M in annually recurring tax revenue. 

This $70M figure is derived from an article in The Commercial Appeal and another in Smart City Memphis that combines $22M in annual tax losses from retention PILOTs with $47M in tax shortfalls from slow total wage growth versus Memphis/Shelby County peers’ average total wage growth rate. 

Greater Memphis Chamber Blog on PILOTs 

Last week the Greater Memphis Chamber released a blog that discussed the economic development tool of payment-in-lieu of taxes (PILOT) administered by the local Economic Development Growth Engine (EDGE). The Chamber opens the article by admitting that PILOTs are controversial and then touts the benefit of PILOTs to taxpayers. The problem is the Chamber blog only tells part of the story.  

The blog explains that a lowered tax burden in the abatement of property taxes encourages economic growth resulting in higher local tax revenue through capital investment. The article further discusses the TAG Truck Center project that increases property taxes from less than $77,000 to $200,000 for the PILOT term. What the blog does not tell you is that $200,000 per year in tax revenue or $2,200,000 over the 11 year PILOT term cost Memphis/Shelby County taxpayers $6,278,000 per EDGE project summary !!!

Analysis – C’mon Man…..

In this case, Memphis/Shelby County was competing against West Memphis, AR. C’mon Man, what are the chances that TAG prefers West Memphis over Memphis ? So why would economic developers overpay? Because they do not know that economic development is a community process to improve the well-being of its people. Instead, economic developers in Memphis appear to believe that economic development is predominantly tax incentives for corporations.  As a result, Memphis is losing population and declining as an ecosystem versus their peer municipalities. 

 

In closely reviewing the  EDGE project summary, the retention PILOT does not account for: 1) some probability that TAG will remain in Shelby County without a retention PILOT for retaining existing jobs of $4.3M but with a PILOT for new jobs of $1.9M, 2) local impact of remaining workforce upon TAG departure or 3) Forgone economic impact of investing $4.3M into the community. When fully accounting for the TAG PILOT and referencing the EDGE project summary, the following calculation results that assumes a $1.9M tax abatement for new job creation: 

TAG projected revenue ($11.5M) – Retained revenue 60% probability ($7M) – Remaining local economic impact of remaining workforce upon TAG departure (RW $1.3M) – Forgone economic impact of investing in the community (LI $6.5M) = $3.3M revenue loss less $4.3M retention tax abatement results in a $7.6 loss or $633k per year Memphis/Shelby County taxpayer loss. 

Conclusion – C’mon Man Get Real !

The Chamber blog does not disclose the bogus incomplete accounting of EDGE which is a design for community decline. If the Chamber can’t get real, Memphis/Shelby County can’t get economic development right. C’mon Man!

Follow Joe B Kent Online!

 

 

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FASHION WEEK at the No More Silence Foundation

FASHION WEEK at the No More Silence Foundation

FASHION WEEK

at the no more silence foundation

By LaTrossica Wilson

This article is being brought to you by The Memphis Urban League, Follow Us in the Countdown to 75!

There are so many different programs and organizations for children that offer great ways to impact lives. However the No More Silence Foundation Center opened in May 2018 right here in the city of Memphis, offering unique ways through the arts to engage children and their families an opportunity that will impact their lives forever. The No More Silence Foundation is a non-profit organization pending as an exempt organization describe in section 501 (C)(3) of the Internal Revenue Code.

Our program also includes an A.R.T.S Summer Camp that is taking place this summer for children ages 4-14. A.R.T.S. stands for A REASON TO SURVIVE. Often time children feel as though they have no reason to live after being faced with adversity. Mrs. Wilson and her team is changing that mentality.

Each week of the A.R.T.S Summer Camp, we offer different themes to help with exposing and educating the campers. The week of June 11-June 15 was Fashion week. On Wednesday, June 13th, we celebrated National Sewing Machine Day and our National Fashion Day.

We invited Memphis’s own Jenni Graham. Ms. Graham is a fashion model, designer, fashion stylist, model coach, creative director, and the CEO of J.Chic Life Style Boutique.

Our goal for that day was to focus on the principals of art elements with designs and fashion. We had our campers to explore through creative areas of fashion using sewing machines, jewelry designs, fabric, patterns, styles, and a fashion show to model their designs down a yellow brick road made of posterboard.

The campers and staff had a ball!

Learn more about our program at our website to find out what’s this week at the No More Silence Foundation.

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On Location with Justin Hamlett

On Location with Justin Hamlett

on location with

justin hamlett

by Duy Nguyen

MSM brings life insurance to multi-cultural middle-class America. Setup an appointment today!

I got to follow along a complete renovation project with the good folks at HomeTown Home Services. I had only seen the innards of the house in pictures before but there I was witnessing the rebirth of a home. Let’s dive into why they were tearing apart this house.

 

The property was purchased by a family with the intent of fixing it up and putting it on the market. One step inside and you could see this building had been neglected for sometime. I knew that this was not a simple paint over it type of renovation. It needed everything, literally.

 

hometown gets down to business

Everything needed to be rebuilt from the ground up

There were no walls left inside of the house once the crew finished the demolition part of the project. Removing all of the remanence of the flooring, roof, wiring, basically all of it. You could see the backyard through the studs from the living room and there were no windows in sight.

 

Click to Like HomeTown Home Services on Facebook

Just Getting Started

There’s a lot that goes into which materials to use and the manufacturer specifications of each one the team at HomeTown knew exactly what they were doing. In a short amount of time the dusty and broken down space had started to take shape. I have always admired watching projects transform and develop it was just interesting to see it taking shape after a couple of visits. This fence wasn’t there and that wiring had to go here, only a well orchestrated team could have put this together in such a fashion.

 

Shaping Up

A Final Product

I was amazed to see the transformation and you have got to see the full coverage of the project on HomeTown’s website to get a good look at the craftsmanship that went into this home. I was pleased with the results, the homeowners were pleased with the work, and HomeTown  well . . .  this was just another day on the job for them as their quality is always a priority. Props to them! Check out their sweet reveal video.

We bring life insurance to
multi-cultural middle-class America

We are a PHP Affiliate Agency
PHP Agency Inc. is a national financial services marketing company with a compelling two-part vision: change the culture and diversity of the insurance industry and build the world’s largest financial services marketing company in history. Nearly 40 million U.S. households (45%) have no retirement assets, according to a recent report by the National Institute on Retirement Security, and half of those households are headed by someone aged between 45 and 65. As your local PHP Affiliate, we are here to help!

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Community Baby Shower – JUICE Orange Mound

Community Baby Shower – JUICE Orange Mound

Community baby shower

juice orange mound

By Britney Thornton

This article is being brought to you by Fresh Start Facility Services Click to learn more!

You are young, pregnant, and live in Orange Mound.  

The life growing inside of you eats what you eat, goes where you go, and lives the way you live.  You wonder how your baby will be affected by the income per capita being less than $17,347?  How will you beat the 64% chance that your child will not make over $29,900 as an adult?  How living in a food desert will pose a challenge for the life of your beloved bundle of joy?

“I will do the best I can,” you say.  Despite the generational poverty, I shall overcome.  Beyond the food access crisis, I shall endure.  Withstanding transportation challenges, I will find a way. 

Truth be told, your due date feels more like dooms day.  How you are to protect and provide for the life in side of you is beyond you.  You mean well but deep inside you question if your best will be good enough.  You need help but do not know where to begin.

Somewhere in the community, a non-profit leader desires to host a community baby shower.  She reaches out to friend Carey Moore at The House, a women’s resource center located at Semmes and Carnes—she loves the idea and would love to serve as the venue for the event.

She reaches out to other personal contacts and starts to mobilize a team of service providers for pregnant mothers.  She learns about a midwife/nurse practitioner Nikia Grayson on Facebook and reaches out—she would love to participate!  

She even learns that there is already an annual baby shower hosted by the Orange Mound Civic Club and reaches out with the organizers to collaborate.  Fortunately, they are looking to expand the event and love the idea of hosting the community baby shower in August.  Things are shaping up nicely. 

But, you have not met the non-profit leader.  You have no idea that the help you desire is planning for the future of you and your baby.  You have no idea that your community is ready to wrap around you to ensure your success as a mother raising a child in Orange Mound.

You are cordially invited to attend the Community Baby Shower hosted by JUICE Orange Mound this August 2018.  A partnership with a host of community-based organizations including BSTARS, Project Fresh, the Urban Garden and Wellness Center, and The House, this event is for all pregnant and new mothers in the Orange Mound area.  Each mother will be connected to a mentor mother as well as service providers who are prepared to assist in making this transition into motherhood smooth.

Please help us reach the future mothers of The Mound by calling 901-300-6621, emailing jommemphis@gmail.com, or leaving a message in the JUICE Orange Mound inbox on Facebook.  We need YOUR help to ensure the success of this event, thank you!

#Why not start fresh today?

Our management team includes an amazing group of leaders with experience and dedication, trained to get you a maximum ROI while raising the bar in Quality Control.

 

Call for a free quote: 901.725.7372

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Cooper Young Taps Local Gallery Owner for Poster Art

Cooper Young Taps Local Gallery Owner for Poster Art

Cooper young

taps local gallery owner for poster art

By Tamara Cook

This article is sponsored by The Wendy Thompson Lending Team Click to find low mortgage rates!

The Evolve Bank and Trust Cooper Young Festival is pleased to announce that internationally known, local Memphian and abstract artist, Jay Etkin has been named the 2018 Poster Artist.

Jay Etkin owned and operated one of the first galleries in Cooper Young between 1989 and 1999 which showcased local and regional talent, conceptual art exhibitions as well as performance works.  Jay holds a B.A. and M.F.A in Fine Arts and Education from Brooklyn College in New York. 

Among his many accomplishments are that he apprenticed under American Realist Painter, Philip Pearlstein in the early 1970s, he was a student at the New York Zen Study Center, and was a fashion designer for B & A Prints of New York City.  Jay operated the Art Studio in Park Slope, Brooklyn from 1971 through 1983 at which time he relocated to Memphis after exhibiting at the Art Academy now known as the Memphis College of Art

Picture from http://jayetkingallery.com

Picture from http://jayetkingallery.com

Jay is a legendary humanitarian working with the South Brooklyn Council of the Arts developing workshops for at-risk youth living in inner-city housing projects in the mid-1970s and early 1980s.   In more recent years, Jay gives his talent to numerous non-profit organizations such as managing the Beale Street Studios, co-creating the South Main Trolley Art Tours, advising at the Jacob’s Ladder Housing Initiative and as a director of the ArtCity Kids Inc. a 501 c3 targeting at-risk teens with dance, theater and visual arts programs.  Jay is foremostly known for his artistically abstract paintings and his collection consulting for banks, hotels, hospitals and law firms here and around the country.  The artist is known for his extensive African Tribal Art and Latin American Folk-Art collections. Currently, Jay is deeply immersed with the City of Memphis in the creation of the Memphis Museum of Tribal and Visionary Art.

The Cooper Young Festival will be celebrated on Saturday, September 15 from 9 a.m. to 7 p.m. with a rain date of Sunday, September 16.  Artist vendor booths go on sale for the 2018 Festival on Friday, June 15 at 12 am.  Booths are sold on a first come, first served basis to artists in the Mid-South and across the country to artists that have hand-made art of all mediums.  On our website, www.cooperyoungfestival.com, you can view maps of the festival site and pick out your favorite space for this year’s 31st event. 

Join us for a three-day celebration.  On Thursday, September 13, we invite you to attend the Art Invitational hosted by EpiCenter Memphis located at 902 South Cooper which will highlight the talented artists that live and work in Cooper Young.  On Friday, September 14, join 2,000 of your closest friends for the CY Festival Friday 4-miler.  Registration can be made on-line at www.cooperyoung4miler.racesonline.com.   

On Saturday, the Cooper Young Festival kicks off a whole day of free, family-friendly, music, arts and street festival fun.  The Festival is Memphis’ largest, single day event held annually in a celebration of life, music, arts and heritage.  It’s the best party of the summer – you don’t want to miss.

More Than a Mortgage

We Believe experience isn’t expensive, it’s priceless

Sponsors for the 2018 Cooper Young Festival are Evolve Bank and Trust, Commercial Appeal, A. S. Barboro, Methodist Healthcare, Sprouts Farmers Market, Memphis Grizzlies, Albert Cook Plumbing, Jim Keras Subaru, Summer Winds Resorts, Semmes Murphey Clinic, Lasik Vision Institute, Choate’s HVAC and Plumbing, Lowe’s, Focal Point, ProShow Systems, Local ABC 24, CW 30, Rock 103, 101.9 Kiss FM, News Radio 600 WREC, Delta Ice Services and Toof American Digital Printing.

The Cooper Young Historic District is Memphis’ largest historically hip neighborhood dating back to 1899. It’s where art, culture, cuisine and commerce intersect in a fabric that weaves its way throughout this neighborhood to create a lifestyle district all its own.

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19th Annual Meritan Moonlight Classic Bike Tour – JustMyMemphis

19th Annual Meritan Moonlight Classic Bike Tour – JustMyMemphis

19th annual meritan moonlight classic bike tour
presented by Bass Pro Shops at the Pyramid
by Chessie Biggam
Come ride your bike in Downtown Memphis for a good cause and join the “Party on Wheels” on August 4, 2018!

The 19th Annual Moonlight Classic Bike Tour, presented by Bass Pro Shops, is an annual fundraising event for Meritan. This year, our ride is moving downtown, and start and finish at Bass Pro Shops at the Pyramid. There will be two routes: 8 miles and 16 miles.

The Meritan Moonlight Tailgate will begin at 8:00 p.m. and the ride will begin at 10 p.m. We will also have a “Bling Yourself,” “Bling Your Corner,” and “Bling Your Bike” contests, and there will be awesome prizes for all of our winners! Early bird rate is $40.00, and will increase to $45 very soon. Register today!

More about Meritan, Inc.
Meritan provides life and health services to vulnerable people. Our staff are experts in in-home health and assistance, foster care, developmental disability services, and job retraining for seniors.

Ticket Information

Tickets range from $25-55. The early bird registration rate is $40. We offer discounts for those in the military and are students or first responders.

Purchase Your Ticket Here!

Location

Bass Pro Shops at the Pyramid

1 Bass Pro Drive

Memphis, TN 38111

Duncan Williams Presents:

It's Happening in Memphis

Benefiting the memphis botanic gardens

2018 
Live at the gardens lineup

  • May 26th - SUMMER SYMPHONY AT THE LIVE GARDEN
  • June 1st - RASCAL FLATTS
  • June 20th - MIDLAND with Trent Harmon
  • June 29th - TRAIN
  • July 12th - BOY GEORGE & CULTURE CLUB with the B52'S
  • July 28th - GLADYS KNIGHT
  • Sept 7th - BIG & RICH

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