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Jumpstart, Vanderbilt to partner on startup boost

Jumpstart Foundry announced today a new collaboration with Vanderbilt's Center for Technology Transfer and Commercialization to boost Vanderbilt-based proposals into the Foundry's annual business accelerator.

Through the partnership, Jumpstart and CTTC will identify and evaluate select proposals from Vanderbilt faculty, staff and students, and CTTC will nominate select proposals for placement in Jumpstart's top 30 applicant pool. The accelerator will then rank the Vanderbilt group, and approximately the top dozen teams will be given an offer to participate in the business incubation program.

"This new engagement represents a dynamic extension of our growing relationship with Jumpstart Foundry that promises to create new and valuable opportunities for entrepreneurial-minded members of the Vanderbilt community," Alan Bentley, Vanderbilt's assistant vice chancellor of technology transfer and intellectual property protection, said in a release.

Vic Gatto, CEO of Jumpstart, said the accelerator is impressed with the potential at Vanderbilt. Last year the company selected Vanderbilt-based startup InvisionHeart, which was recently selected to pitch at Google Demo Day.

"The combination of Vanderbilt intellectual property and human talent with the Jumpstart Foundry curriculum and mentor network will create successful startups driving disrupting large industries and improving people's lives," Gatto said.

Apr 23, 2014 2:40 PM

Williamson chamber making progress with capital campaign

Williamson County's economic development leaders say they have raised about $2 million of the $2.9 million target for their five-year Economic Partnership strategic plan. The successes so far have been led by early pledges from seven so-called Founding and Platinum Investors: Jackson National Life, Tractor Supply, Grand Avenue, Mars Petcare, Saint Thomas Health, Video Gaming Technologies and Williamson Medical Center.  Each of those entities has committed $100,000 or more over the next five years. Check out the Chamber's press release here.

Apr 23, 2014 1:28 PM

Dollar General backing former champ at Indy 500

Dollar General on Wednesday said it will sponsor the Schmidt Peterson Motorsports entry for this year's Indianapolis 500 that will be driven by 1995 winner Jacques Villeneuve. Goodlettsville-based Dollar General has in recent years also backed the NASCAR efforts of Villeneuve, who also won the Formula 1 World Championship in 1997.

Apr 23, 2014 12:12 PM

HealthStream in tough spot after ICD-10 postponement

HealthStream execs discussed the federal ICD-10 coding deadline postponement on company's earnings conference call Tuesday, reporting customer deferrals and marketplace confusion.

The downtown company offers ICD-10 training products as a part of its workforce development segment, which also includes compliance, performance management and other regulatory training services. HealthStream reported the ICD-10 product contributed approximately $6.6 million to first-quarter revenues, but on April 1, the Centers for Medicare and Medicaid Services postponed the coding deadline — previously set for October 1 — for at least one year.

"The problem with the postponement, of course, is it's an indefinite date," Bobby Frist, HealthStream CEO, said on the call. "And so all of our customers will evaluate their training plans given this indefinite date and deciding how to use the products for which they have contracted."

Analysts asked whether customer contracts included provisions to push back consumption — and thus revenue — into 2015, but also whether pausing implementation would lead to lost ground for early adopters.

"I think there's certainly customers that believe that they don't want to lose momentum, and there's others that might want to defer the process and cost associated with training and development," Frist said. "We're not in a position as a company to comment on its impact as we work throughout the facts with customers, and they adjust their thinking and plans."

Shares of HealthStream (Ticker: HSTM) fell Tuesday from a high of $24.87 to $22.45. By late Wednesday morning, they were back up to about $23.

Apr 23, 2014 11:05 AM

Nashville home value forecast improves a bit

Housing market research firm Zillow has updated its 2014 home price forecasts for cities across the country and the news for Nashville-area homeowners is a bit more positive than it was three months ago. The company now sees home values in Middle Tennessee climbing 1.3 percent from now until March of next year, up from 0.9 percent in January. Conversely, the national value appreciation forecast has been trimmed to 3.3 percent from 4.8 percent.

The local number incorporates forecasts for individual area cities that vary almost three percentage points. Here are the cities with the greatest projected price growth:

• Thompson's Station: 2.9 percent
• La Vergne: 2.5 percent
• Franklin: 1.8 percent
• Goodlettsville: 1.8 percent
• Dickson: 1.6 percent

And those with the smallest expected changes...

• Gallatin: 0.8 percent
• Springfield: 0.7 percent
• Lafayette: 0.5 percent
• Portland: 0.5 percent
• Westmoreland: -1.0 percent

Check out Zillow's full market report here.

Apr 23, 2014 9:49 AM

Fueling stations operator signs up for Comdata tech

Milwaukee-based Quick Fuel has signed on with Comdata to add the Brentwood-based company's fuel site controller and radio frequency identification technologies to its fuel card system. The deal adds more than 50 automated fuel stations to Comdata's network.

Apr 23, 2014 8:37 AM

Former Johnny Cash property sells for $2M

Former Bee Gees member Barry Gibb and wife Linda have sold the Hendersonville property that Johnny Cash and June Carter owned for more than 40 years, according to The Tennessean.

Lakehouse Holdings purchased the property, located at 200 Caudill Drive, for $2 million, according to the Sumner Country Register of Deeds, the morning daily reported Tuesday.

In January 2006, Gibb purchased the property in January 2006 with the goal of having its house be a songwriting retreat. However, a fire destroyed the home, while under renovation, in April 2007.

Apr 23, 2014 7:15 AM

Stoney River brings on service manager

Stoney River Legendary Steaks has named Rachel Boling to be its manager of service and hospitality. She joins the 10-unit concept — now run as part of the J. Alexander's organization — after four years with Lettuce Entertain You Enterprises, where she was most recently general manager of Paris Club Bistro in Chicago. She also is a former service manager of a J. Alexander’s restaurant in Atlanta. In her new post, Boling will be responsible for all service operations, training and hospitality.

Apr 23, 2014 6:57 AM

Tuck-Hinton names Hughes associate partner

Tuck-Hinton Architects has named Josh Hughes an associate partner.

Hughes (pictured), who joined Tuck-Hinton in 2006, has worked on various projects including those involving the Music City Center, Nashville Songwriters’ Hall of Fame, The Southern Steak & Oyster and Lipscomb University. His current projects include Acme Food & Spirits, as well as the Tennessee College of Applied Technology/Nissan Training Center. 

Hughes received his bachelor’s degree in architecture from the University of Kentucky in 2006 and is working toward an executive M.B.A. degree at Vanderbilt University. 

“Josh is an extremely talented architect who has contributed to a number of award-winning Tuck-Hinton designs,” Mary Roskilly, Tuck Hinton associate principal, said in a release. “We are pleased with [his] involvement in the management and marketing of the firm.”
 

Apr 23, 2014 6:40 AM

Local collections firm adding 70 Kentucky jobs

Venerable local collections company Frost-Arnett is preparing to add 70 people to its 115-employee Campbellsville, Ky., call center to handle an increase in health care work. The Campbellsville call center was Frost-Arnett's largest when it opened in 1999 and the company is investing more than $600,000 on its latest expansion. The company's press release is available here.

To encourage the investment and job creation in Campbellsville, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $300,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.

Apr 22, 2014 1:23 PM