News for Economic

Monday, October 28, 2024
Boshi Botanicals Celebrates First Anniversary with Scent Bar LaunchAnniversary ceremony for Memphis’ zero-waste pioneer set for November 1  MEMPHIS, Tenn. (October 28, 2024) – Memphis's premier zero-waste refill store, Boshi Botanicals, is excited to mark its first anniversary on November 1, 2024. As the store embarks on its second year of operation, it will introduce a new essential oil scent ...read more
Categories: Community, Press Release, Economic, Human Interest, General News Article
Friday, October 25, 2024
MARX-BENSDORF, REALTORS® WELCOMES ADDITIONAL PARTNERS  (Memphis, TN) – Memphis’ oldest real estate firm has announced additional partners with the goal of sustaining the firm’s legacy of success while also innovating for the future. For 25 and 14 years respectively, co-owners Jimmy Reed, president, and David Tester, partner, have led Marx-Bensdorf, REALTORS®. Both agree that expanding the ...read more
Categories: Press Release, Human Interest, Papers/Research, Economic, Chamber, Community, General News Article, Education, Fun Facts
Tuesday, October 15, 2024
JUNIOR ACHIEVEMENT NAMES PHIL DOTSON AS SENIOR DIRECTOR OF CORPORATE PARTNERSHIPS & GOVERNMENT RELATIONS  Junior Achievement of Memphis and the Mid-South has hired the nonprofit’s first-ever Senior Director of Corporate Partnerships & Government Relations. Phil Dotson, a community leader with a decades-long track record of success, officially joined the organization on September 30. Prior to ...read more
Categories: Community, Human Interest, Education, Press Release, Fun Facts, Chamber, Economic, General News Article, Papers/Research
Wednesday, November 29, 2023
The latest rating puts Ring among the top 1% of all companies assessedMEMPHIS, Tennessee, November 29, 2023 – Ring Container Technologies, a leader in the plastic container manufacturing industry, today announced that the company received a platinum medal sustainability rating from EcoVadis, the leading platform for environmental, social, and ethical performance ratings for global supply chains. ...read more
Categories: Press Release, Economic, General News Article
Tuesday, November 08, 2022
MEMPHIS, Tennessee, November 8, 2022 – International Paper (NYSE: IP) today announced OHMEGA® Conductive Ink + Touchcode™, its latest technology that provides a new dimension to brand protection in the packaging industry. The benefits of OHMEGA® Conductive Ink + Touchcode™ include the quick and easy activation through the end user’s phone’s browser, without the need for a camera or separate app; ...read more
Categories: Economic, Press Release, General News Article
Thursday, May 13, 2021
Memphis-based agtech leader now working with all three peanut shelling plants opened in last seven years MEMPHIS, Tennessee, May 13, 2021 – The Seam, a leading provider of food and agribusiness software and commodity trading solutions, today announced that Coastal Growers and Tifton Peanut Company have entered into multi-year agreements for its cloud-based, peanut management platform. Owned by a ...read more
Categories: Economic, General News Article, Press Release
Thursday, February 04, 2021
MEMPHIS, Tennessee, February 4, 2021 – With many institutional food buyers, such as universities, restaurants, and hotels, remaining closed or partially open in response to the coronavirus pandemic, the nation’s food supply chain is still adapting to lower demand. As a result, small and mid-size farmers, especially specialty crop farmers, are struggling to expand their market opportunities. The ...read more
Categories: Community, General News Article, Economic, Press Release
Wednesday, September 16, 2020
Memphis, Tenn., September 16, 2020 – Paragon Bank (OTCBB: PGNN.OB) today announced that its Outlook 2020 Memphis Economic Study will be available for download on Thursday, September 17. The survey will offer insights into local consumer confidence, how it has changed within the past year, and how the COVID-19 pandemic affects those sentiments.  “We knew that with the unprecedented challenges we ...read more
Categories: Economic, Press Release
Wednesday, May 06, 2020
Food Industry Exchange sponsored by FMI powered by The Seam launchesMEMPHIS, Tenn., May 6, 2020 – FMI—The Food Industry Association and The Seam, a leading provider of commodities trading and agriculture software solutions, today announced the launch of the Food Industry Exchange sponsored by FMI powered by The Seam. The sustainable marketplace was created to immediately address the urgent needs ...read more
Categories: Press Release, Economic, General News Article
Wednesday, March 04, 2020
MEMPHIS, Tenn., March 4, 2020 – Paragon Bank (OTCBB: PGNN.OB) today announced its 2019 financial earnings, reporting record net income before taxes at $4.3 million. During 2019, the core bank of Paragon, excluding its SBA-related units (Small Business Capital Group and Specialty Lending), had record revenue and record pre-tax income. Pre-tax income for the core bank increased 61%, to $4.4 million, ...read more
Categories: Economic, Press Release
Wednesday, December 11, 2019
GERMANTOWN, Tenn., December 11, 2019 – Campbell Clinic Orthopaedics, a leader in orthopaedic care since 1909, recently hosted a grand opening of its most recent campus, located at 7887 Wolf River Blvd in Germantown. Local dignitaries, physicians and staff from Campbell Clinic attended the celebration, while Germantown Mayor, Mike Palazzolo and Fred Azar, M.D. gave brief remarks. “We have ...read more
Categories: Economic, Community, Press Release
Tuesday, September 24, 2019
MEMPHIS, Tenn., September 24, 2019 – Grace Medical, a leader in ear nose and throat surgical devices with a focus on otology, today announced it has acquired EndoEar Endoscopic Instruments, which feature simultaneous suction and dissection, along with varied geometries, to access and remove hard-to-reach disease in the middle ear. This acquisition solidifies Grace Medical’s position as the global ...read more
Categories: Economic, Press Release, General News Article
Tuesday, August 13, 2019
MEMPHIS, Tenn., August 13, 2019 – Paragon Bank (OTCBB: PGNN.OB) today announced its 2019 second quarter financial earnings, with a net income of $696,000, which was approximately 11% over the first quarter of 2019. Through the first six months of 2019, net income was $1.3 million, which was the most profitable first half of the year in Paragon history.  “We are proud to report a solid first half ...read more
Categories: Economic, Press Release
Friday, June 07, 2019
MEMPHIS, Tenn., June 7, 2019 – Paragon Bank (OTCBB: PGNN.OB) today announced its 2019 first quarter financial earnings, reporting a net income of approximately $627,000, an increase of $140,500 or 29%, over the first quarter of 2018.  "We are proud to share another solid financial report for the first quarter of the year," said Robert Shaw, Chief Executive Officer at Paragon Bank. "Our growing ...read more
Categories: General News Article, Press Release, Economic
Tuesday, March 26, 2019
MEMPHIS, Tenn., March 26, 2019 – Fullen Dock and Warehouse, a full-service river terminal located at mile marker 740 of the Mississippi River, today announced that it has been designated as a Foreign-Trade Zone (FTZ). FTZs are secure areas under U.S. Customs and Border Protection (CBP) supervision that are generally considered outside CBP territory upon activation.  "An FTZ designation provides a ...read more
Categories: General News Article, Economic, Press Release
Tuesday, March 05, 2019
MEMPHIS, Tenn., March 5, 2019 – Paragon Bank (OTCBB: PGNN.OB) today announced its 2018 fourth quarter financial earnings, reporting record revenue, pre-tax income and net operating income. At December 31, 2018, Paragon had a net income of $1.2 million, an increase of $914,000 or 329 percent over the fourth quarter of 2017. Net income for 2018 increased 49 percent over 2017, primarily due to ...read more
Categories: Community, Press Release, Economic
Friday, November 17, 2017
MEMPHIS, Tenn., November 17, 2017 – Paragon Bank (OTCBB: PGNN.OB) today announced another strong quarter with near-record revenue, increasing $128,000 over the second quarter of 2017 to $4.7 million. For the Small Business Administration's fiscal year ending September 30, 2017, Paragon was the largest SBA lender headquartered in the Memphis Metropolitan Statistical Area. "We are proud of the ...read more
Categories: Economic, General News Article, Press Release
Wednesday, November 01, 2017
Memphis, Tenn., November 1, 2017 – Eclectic Eye, a Memphis destination for optometry services and stylish eyewear needs, today announced a special anniversary sale in celebration of 15 successful years in business.  Since opening the store in the heart of Midtown, Memphis, Eclectic Eye has pioneered the local optometry provider model and truly defined how small businesses contribute to the ...read more
Categories: Chamber, Community, Economic, Fun Facts, General News Article, Human Interest, Press Release
Tuesday, August 22, 2017
MEMPHIS, Tenn., August 22, 2017 – Paragon Bank (OTCBB: PGNN.OB) today announced its 2017 second quarter financial earnings, reporting a net income increase of 15 percent over the second quarter of 2016. During the first six months of 2017, net income increased 33 percent compared to the first six months of 2016. Net interest income for the second quarter of 2017 was a record $3.5 million, which ...read more
Categories: Economic, Press Release, General News Article
Monday, July 31, 2017
MEMPHIS, Tenn., July 31, 2017 – Paragon Bank (OTCBB: PGNN.OB) has hired Sean Waybright as Vice President and Business Development Officer. Waybright reports to Charles Yorke, President of the Paragon Bank Small Business Capital Group, and is based in the group’s Denver office.  “With his commitment to the industry and desire to expand the small business community, Sean was an instant asset to the ...read more
Categories: Chamber, Community, Economic, General News Article, Press Release
Thursday, March 16, 2017
MEMPHIS, Tenn., March 16, 2017 – The Seam, a commodities trading and agribusiness software provider, today announced it is expanding operations in the Memphis area and will move to 3400 Players Club Parkway, part of the Southwind Office Plaza. The transition comes after the company’s announcement in January that it is working with IBM and cotton industry leaders to create a blockchain-based ...read more
Categories: Chamber, Economic, General News Article, Press Release