U.S. Rep. Steve Cohen aims to get some Federal money for Memphis, i.e., in addition to the $5MM he wants to upgrade a roadway named for Elvis.
The annual CyberStates report is out, with Tennessee having barely moved the needle from a year earlier. That's probably good news in this environment, even though it shows us still lagging by most indicators, despite a little bump-up in jobs in 2007 over '06. Here's the latest report (pdf page 81 has TN summary), and here's our writeup on last year. A year from now, the TechAmerica report will doubtless be more telling. Elsewhere, the latest Challenge Grey & Christmas report shows the national downturn in tech employment, and the Business Roundtable CEO Outlook remains negative for next six months.
There are at least $34 million for the Memphis life sciences community in U.S. Rep. Steve Cohen's (D-9) latest earmark request, according to the CA, including $24MM for a regional biocontainment lab at the UT Health Science Center, and $10MM for a Memphis BioWorks "vivarium" facility for animal-based testing of the sort needed by Pharma and Med Devices companies.
Naomi Snyder reports on Franklin-based VeggieTales' being once again owned by a company now known as Boomerang Media, in which GTCR Golder Rauner has a stake. The TSN'sstory is here.
Payment and financial processing firms will be the focus of Greg Smith, who was recently hired by Memphis-based Duncan-Williams Inc. as managing director for equity capital markets. He previously was a senior analyst with Merrill Lynch, following Computer Services and IT Consulting Companies. DW is a full-service brokerage and investment-banking firm. The firm has made other additions, released here.
Memphis-based RemitData, a software and services firm targeting the healthcare payment cycle, has entered the cardiology practice market, through an alliance with Neptune Bea., Fla.-based MedAxiom. ♦