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Southwest Virginia Economic Forum focuses on “Talent”

Photo above: Recipients of KIVA loans gather to discuss their entrepreneurial success. By Scott Robertson The 2018 Southwest Virginia Economic Forum May 17 at the University of Virginia at Wise promised a great deal of informative content. Listed on the agenda were a panel discussion on what communities in neighboring states are doing to drive economic development, a talk by Travis Staton on efforts to brid ...

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Tri-Cities Airport: Marketing Aerospace Park: Earth has been turned on site, now the marketers are moving heaven and earth to find tenants

Photo above: Mark Canty poses with Aerospace Park in the background. Photo by Scott Robertson By Scott Robertson The effort to bring the first tenants to the aerospace industry-targeted park on the south side of the main runway at Tri-Cities airport is a multi-faceted affair. After all, when one invests just shy of $20 million in creation of a park to attract high-paying jobs and capital investment, one doe ...

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Higher Education

From honors students working their way to upper management or medical careers to high school equivalency earners seeking to attain certifications in specific trades, the higher education student spectrum has broadened greatly over the last several years. Throughout Northeast Tennessee and Southwest Virginia, an array of community colleges, public and private four-year colleges and universities, and higher e ...

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Northeast Tennessee’s Opportunity Zones announced

The state of Tennessee has announced the location of 176 Opportunity Zones, including several in Northeast Tennessee. Opportunity Zones are a new community development tool established by Congress in the Tax Cuts and Jobs Act of 2017. This new tool is designed to drive long-term capital to low-income communities. The new law provides a federal tax incentive for investors to re-invest their capital gains int ...

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Bristol Hotel owner, management team offer preview tour

Photo above: (L-R) Marcus McCall, Gavin Philipp and Kevin Kruse atop the Bristol Hotel. The Bristol Hotel, an independent boutique hotel originally slated to open in October, is now scheduled to open in late August, according to its principal owner. Marcus McCall of McCall Capital told reporters during an information session at the hotel May 24 that it would not be open in time for the August races at Brist ...

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Monro completes purchase of Free Service Tire Company

Photo above:(L-R) Lewis Wexler, Sr. Susan Wexler, Harrison Wexler, Lewis Wexler, Jr. Monro, Inc. (NASD: MNRO), the nation’s largest independently owned and operated auto service chain last week closed the purchase of 99-year-old Johnson City, Tenn.-based Free Service Tire Company. Monro will keep the Free Service branding in place along with 96 percent of the existing Free Service employees. The transaction ...

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Virginia governor announces SAIC to open VITA service center in Dickenson County

Virginia Governor Ralph Northam announced this week that the Virginia Information Technologies Agency’s (VITA) contract with Science Applications International Corporation (SAIC) will create approximately 40 information technology (IT) service desk jobs in Clintwood, Dickenson County, by this fall. “I am pleased that this partnership will create forty new jobs and have a significant economic impact in the r ...

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Hawkins County to be home to RMC Advanced Technologies US headquarters

Photo above: Tennessee Commissioner of Economic and Community Development Bobby Rolfe, right, and Sigma Industries, Inc., CEO Denis Bertrand flank an artist’s rendering of the Surgoinsville spec building. Clay Walker, Networks Sullivan Partnership is at far left. A Quebec-based advanced manufacturing company will locate its U.S headquarters and establish a manufacturing facility in Surgoinsville. RMC Advanc ...

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Tri-Cities Airport wins accounting award for 19th year running

For the 19th consecutive year, the Tri-Cities Airport Authority (TCAA) has been awarded a certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA) for its Comprehensive Annual Financial Report (CAFR). The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financ ...

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