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Inside Memphis Business
The IMB Tip Sheet gives you quick hits of Biz901 news around town. Read on, stay informed, see who's going where, and plan ahead. 
THE TIP SHEET
by Jon W. Sparks and Samuel X. Cicci

 
FEBRUARY 7, 2020
Smart gyms are here
Bulletin Board: Small biz employment + more
CEO of the Year: Join us for breakfast

News from other sources: Businesses protest
Upcoming: Calendar of events
Hot Sheet: Who’s going where
Power Player: Craig Weiss
Quotable: State Sen. Paul Rose
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WHEN SCIENCE, ROBOTICS, AND EXERCISE COMBINE

By Matthew Harris
Inside Memphis Business

The gym can be a daunting place. Machines might look difficult to use, and inexperienced weightlifters run of the risk of injury. There is also a significant time commitment to make the daily pilgrimage to the gym. To provide an alternative option, several gyms have begun to open nationwide with a focus on using science and robotics to create efficient and safe workout programs, self-branded as “smart gyms.”

The Exercise Coach is one such national gym network of high-tech fitness studios  designed for quick and efficient workouts. Byhalia, Mississippi, residents Rick and Brenda Frembgen teamed up with The Exercise Coach to open the first “smart gym” in Collierville, with hopes to open two more facilities in the coming year.

The Frembgen’s gym relies on computers and artificial intelligence, rather than traditional dumbbells and weights. Members are given a unique code when joining that allows them to sync to the gym’s specialized machines. The computerized units then adjust based on the individual’s strengths and weaknesses to provide a difficult, but efficient, workout without the risk of injury. 

The Exercise Coach says the machines can be used by all levels of athletes, from novice to advanced. The machines also track workout data so that members can get a better sense of their progress and improvement.

The workouts are designed to be compact and are marketed towards men and women with busy lifestyles. Members meet for two 20-minute workout sessions per week that are guided by personal trainers and staff. According to its press release, The Exercise Coach claims that “two 20-minute workouts per week can’t be matched in effectiveness with even seven days a week of traditional activity-based exercise.”

BULLETIN BOARD

Christopher Hanewald, an attorney with the Memphis office of Wyatt, Tarrant & Combs LLP, has an article in the Tennessee CPA Journal titled, "Wayfair Postmortem: Unintended Consequences in the Merger and Acquisition Context."  Read it here.

Penny Hardaway has been named Communicator of the Year for 2019 by the Memphis Chapter of the Public Relations Society of America. The University of Memphis Head Basketball Coach and former NBA star is getting the award for presenting a positive role model and for being influential as a spokesperson and representative for Memphis. The award will be given February 13th.


> A recent survey shows that Tennessee leads small business employment growth for the sixth consecutive month. The monthly Small Business Employment Watch from Paychex and IHS Markit shows jobs and wage data. Tennessee has an index level of 101.41, one of only two states above 100. It also ranks third among states for hourly earnings growth with a 12-month growth rate of 3.35 percent. More info is here. 
CEO OF THE YEAR
Join us as we honor the top bosses of 2020
 
Inside Memphis Business is celebrating its 2020 CEO of the Year honorees on Thursday, February 20, 2020.

The top leaders are Dr. James Downing of St. Jude Children's Research Hospital in the 1000+ employees category, George Hernandez of Campbell Clinic (200-1000 employees), William J. “Will” Chase, Jr. of Triumph Bank (50-200 employees), and Briggette Green of TopCat Masonry Contractors, LLC (up to 50 employees). 

Memphis is graced with tremendously talented, inspiring executives in charge of their companies and organizations and these exceptional leaders are setting standards of success in healthcare, banking, and construction. 

> Dr. Downing, president and CEO of St. Jude Children’s Research Hospital, oversees an organization that blends clinical care with scientific research using a nonprofit operational model. He created a $7 billion, six-year strategy for accelerating cures for cancer and other childhood diseases.

> Mr. Hernandez is CEO of Campbell Clinic Orthopaedics and executive director of the Campbell Foundation. He is overseeing construction of a new 120,000 square-foot four-story medical facility, equipped with more physical therapy and imaging suites, eight new outpatient surgery rooms, and state-of-the-art medical technology while creating 185 new jobs over the next three years. 

> Mr. Chase is president, CEO and founding board member of Triumph Bank (founded 2005) and has 37 years of commercial and retail banking experience in the region, with a focus on building relationships within the community.

> Ms. Green of TopCat Masonry Contractors, a first generation, family owned and operated company, has co-founded TAP Apprenticeship Program with two other construction companies in order to bring awareness and help prospects earn a living wage while developing a life-long skill set.

Our awards breakfast will honor these four CEOs and will include remarks by Jack Soden of Elvis Presley Enterprises, one of the winners from last year. 

 
The presenting sponsor of CEO of the Year is eBiz Solutions. A breakfast honoring the leaders will be on February 20, 2020 at Hardin Hall at the Memphis Botanic Garden. Tickets are $25 per person and include breakfast. Tables of 10 are available for $200, a savings of 20 percent. Get tickets here.
NEWS FROM OTHER SOURCES

Anti-LGBTQ Laws Threaten Business. Read Toby Sells' story in the Memphis Flyer here.

Winners of Memphis magazine's 2020 Readers Restaurant Poll. Read it here.

> The Memphis City Employees Credit Union (MCECU) has merged in iTrust FCU — the federal credit union for local IRS workers. Read John Klyce's story in the Memphis Business Journal here.

> FedEx Ground to deliver some FedEx Express packages. Read Wayne Risher's story in the Daily Memphian here.


UPCOMING

> Need to know what to do this weekend? Check out Memphis magazine's Five Things To Do This Weekend here.

> Let's Brunch Memphis, hosted by the Memphis Flyer, is Saturday, March 28th, from 12pm-3pm at Beale Street Landing. More info here.

Whiskey Warmer Memphis: Sample whiskeys from around the world, chat with distillers, and enjoy local food and live music. Ticket includes 15 tastings and access to all areas of the event. Friday, April 3rd, 6-9 p.m. at Overton Square. Tickets 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.

> Red Door Wealth Management hired Christopher Williamson (pictured) as an advisor.

Larkin Myers assumed the role of president at Tioga Environmental Consultants.

> The Humane Society of Memphis and Shelby County hired Dr. Mary Manspeaker as as a full-time veterinarian. 

> Larry Laurenzi, former US Attorney for the Western District of Tennessee, joined Burch, Porter & Johnson

> Harris Shelton Hanover Walsh hired Abbie Hale and Jacob Swatley as associate attorneys.

> The Princeton Review named Rhodes College in its “75 Best Value Colleges for 2020.”

> Slingshot Memphis announced its 2020 affiliate partners: 2020: City Year Memphis, LifeLine to Success, The William R. Moore College of Technology, Neighborhood Christian Centers, Inc., Su Casa Family Ministries, and The Soulsville Charter School.
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. The April issue of IMB in Memphis magazine will have the complete list. 
This week’s Power Player is Craig Weiss, co-founder and CEO, Central Defense Security. Started in 2005, helped Central Defense Security become the top security provider in the Region. Started Central Defense Staffing 2013. Principal and EVP for Carrier Leasing at Tower Ventures, the largest wireless infrastructure company in the Mid-South. Chairman of the Board of Paragon Bank.
For the complete list of Inside Memphis Business Power Players, go here.
 
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