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By Updated: April 19, 2019 5:42 PM CT | Published: April 18, 2019 4:31 PM CT
  • Vaccine distributor to pay $1.65 million in back wages, benefits
  • Lake District announces two new tenants 
  • Memphis Zoo granted AZA accreditation 
  • Memphis could host 2020 Ironman triathlon
  • Saddle Creek gets tenant for former Eddie Bauer space
  • AgLaunch leading new SBA Delta Ag Cluster

Vaccine distributor to pay $1.65 million in back wages, benefits

A California-based vaccine distribution firm will pay $1.65 million in back wages and benefits to 515 employees in three locations, including Memphis.

McKesson Specialty Distribution LLC, a division of McKesson Corp., discovered and self-reported the violations to the U.S. Department of Labor’s Wage and Hour Division, according to the Labor Department. Along with the Memphis facility, the violations occurred in LaVergne, Tennessee; and Aurora, Colorado.

McKesson has a contract with the Centers for Disease Control to distribute vaccines through the Vaccines for Children program. Labor officials said McKesson failed to pay the wage rate required by the contract, which then resulted in the company failing to pay the correct overtime rate. McKesson also fell short on paying required fringe benefits for workers on the contract.

“McKesson Specialty Distribution made every effort to correct violations once they identified their errors,” Nettie Lewis, the Wage and Hour Division district director in Nashville, said in a release.

-Kate Crawford


Lake District announces two new tenants 

Elite Total Health Walk-In Clinic and Neighborhood Barre, a boutique fitness studio, were announced Friday as the newest tenants of the upcoming upscale, mixed-use development, The Lake District.

The tenants will join Brick House Fitness in the “Wellness Center” located in Phase 1 of the development, said Lake District owner, Yehuda Netanel in a release.

“Residents and visitors of The Lake District will experience a life of fulfillment,” Netanel said in a release. “We’re creating a picturesque environment to enjoy delicious food, curated retail, engaging event programming, fine living, and a culture of health and wellness. We’re delighted to be working with companies that share our vision of excellence.”  

In addition to new additions and Brick House Fitness, The Lake District’s tenants include Memphis BBQ Co., Frida’s Restaurante Mexicano, Starbucks, Malco Theatres, a 6,000-square-foot Wine and Liquor Store, Gould’s Salon and Spa, Gloss Nail Bar, The Stock Market grocery, Osaka Japanese Cuisine and Hollywood Feed, among others still to be announced. 

Phase 1 of the development, which is now 95% percent leased according to director of development Maggie Gallagher, is set to open by the 2020 holiday season.

Gallagher also said Phase 2 is now underway, and more "exciting" announcements on the development are to made be made in the near future.

-Natalie Martin


Memphis Zoo granted AZA accreditation 

The Association of Zoos & Aquariums (AZA) announced Thursday Memphis Zoo has been granted accreditation by AZA’s independent Accreditation Commission.

To be accredited, Memphis Zoo, which has been an accredited AZA member since 1974, underwent a thorough review to make certain it has met ever-rising standards in animal care and welfare, veterinary programs, conservation, education and safety.

“Only the very best zoos and aquariums can meet AZA’s accreditation standards for animal care and conservation, which are universally acknowledged as the ‘gold-standard’ within the zoological profession,” AZA president and CEO Dan Ashe said in a release. “By achieving accreditation, Memphis Zoo demonstrates a commitment to protecting animals around the world and inspiring their guests to do the same.”

AZA requires zoos and aquariums to successfully complete this rigorous accreditation process every five years to be members of the association. 

-Natalie Martin


Memphis could host 2020 Ironman triathlon

Memphis is a finalist to host a new Ironman triathlon in 2020, along with Des Moines, Iowa; Fayetteville, Arkansas; and Tulsa, Oklahoma.

The event, which is scheduled to take place in either late spring or early summer 2020, will be the first new, full-distance Ironman triathlon added in the U.S. since 2014.

The Wanda Sports Holdings company reports that host cities have seen as much as $10 million in direct economic impact and hotel room nights upward of 12,000, with athletes staying an average of three to four nights in the area.

“We are very excited about this opportunity to bring an Ironman event to the Central United States,” Ironman chief operating officer Shane Facteau said in a statement. “We have been looking into this particular area of the country for a while now and felt the time is right to add a brand-new full-distance Ironman triathlon to the U.S. Series.”

Ironman officials will visit the finalist cities in the coming weeks. The final decision is expected by mid-June.

-Elle Perry


Saddle Creek tenant will occupy former Eddie Bauer

Saddle Creek South will soon gain a new tenant in the former Eddie Bauer space.

Maryville, Tennessee-based Altar'd State and its plus-size line A'Beautiful Soul will open in the space, according to a storefront modification it applied for with Germantown's Design Review Commission.

The DRC was asked to review the requested brick storefront with a copper canopy and bronze signage. Stained glass art will also be present on the outside.

The religious company that focuses on modest women's clothing has more than 100 clothing boutiques and gift shops in 30 states. Its closest location to Memphis are Nashville, Little Rock and Jackson, Mississippi. 

David Muckleroy, Saddle Creek's director of leasing, could not comment on when the store would open.

-Abigail Warren


AgLaunch leading new SBA Delta Ag Cluster

Memphis-based AgLaunch Initiative will lead one of seven new Small Business Administration (SBA) Regional Innovation Clusters. Regional Innovation Clusters are networks of businesses, specialized suppliers, academic institutions, service providers and economic organizations in a geographic location.

AgLaunch will lead the Mid-South Delta Agriculture Innovation Cluster ("Delta Ag Cluster"). Ninety-eight counties and five states are in the Delta Ag Cluster. They are mostly rural counties in Tennessee, Mississippi, Arkansas, Missouri and Kentucky.

Delta Ag Cluster’s strategy will be creating and scaling small rural businesses that will support the next generation of farming capabilities needed to connect urban food processing opportunities and emerging consumer trends.

AgLaunch will lead regional activities with partners and stakeholders, such as cohort-based programming, business acceleration, commercialization assistance, mentorship, access to capital, market development and other business services. 

The cluster’s funding will consist of $500,000 for the base year, with four additional option years, and requires partnerships with business and industry groups, academic institutions, economic development organizations, entrepreneurial education programs and training initiatives.

AgLaunch has begun assembling and convening a regional steering committee and planning cluster events.

With the addition of the seven new clusters, there are now 14 SBA regional innovation clusters.

-Elle Perry

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