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Citizens Bank names Estepp president

Larry R. Estepp has been promoted to president of Citizens Bank, an $825 million (assets) community bank headquartered in East Tennessee. Estepp was previously executive vice president of commercial lending, and has been a business banking officer with Citizens Bank since 2011. Estepp becomes the seventh president of Citizens Bank, and assumes his new position following Bill Dudney’s retirement. Dudney was ...

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Printers and Publishers Unite to Launch Coalition to Stop Baseless Newsprint Tariffs

On March 20, members of the printing, publishing and paper-producing industries, which employ more than 600,000 workers, have formed "Stop Tariffs on Printers & Publishers (STOPP)", a coalition to fight proposed countervailing duties (CVD) and anti-dumping duties (AD) on imports of Canadian uncoated groundwood papers including newsprint and other papers. These preliminary duties, which were assessed by ...

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Airport gets “good result” on bond sale

Six entities bid Monday on the $8.5 million bond issue to finance work at Tri-Cities Airport's Aerospace Park. The result, said Airport Director Patrick Wilson, was a true interest cost of 3.573 percent. "That came in lower than we had anticipated. We had been expecting a rate of around 3.83 percent." The difference between the actual bid and the expected bid is around $320,000 in lower overall interest cos ...

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Eastman recognized for sustained support of U.S. National Guard and Reserves

From left: Jerry Bush, Northeast Tennessee ESGR Committee Vice Chair; Etta Clark, Eastman Vice President of Global Public Affairs & Policy; Todd Akard, Eastman Recruiter; CeeGee McCord, Eastman Director Global Public & Community Affairs; Retired Air Force Brig. Gen. Jim Mungenast, ESGR State Chair; Perry Stuckey, Senior Vice President and Chief Human Resources Officer; Brandon Horne, Eastman Operato ...

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Business Journal Market Facts

Welcome to the second edition of Market Facts, the younger sibling of The Business Journal’s Book of Lists. In the following pages, you’ll find facts that define our region, from demographics to wage data to housing and retail information. New this year is a section on data gathered from a 50-mile radius of Tri-Cities Airport, the center of the Tri-Cities region. We often preach that economic developers don ...

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Tri-Cities Airport Authority moves forward on Aerospace Park: Sends letter asking state legislator to stop pushing controversial bill

The hole and the hill. Dirt from the hill that rises above the runway must be moved into the hundred-foot valley next to it. Photo by Scott Robertson By Scott Robertson The Tri-Cities Airport Authority moved forward in February with plans to spend the money necessary to begin site work for the next phase of Aerospace Park, even as a state legislator sought to take over the process. At its Feb. 22 meeting, t ...

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King University issues retail, employment report analyses

KIRES Professors Alexander Brumlik and Sam Evans. Photo by Scott Robertson By Scott Robertson A pair of reports issued last month by the King Institute for Regional Economic Studies (KIRES) show the interconnectedness of the two topics in the regional economy. The reports, released around the 10th anniversary of the Great Recession, give room for guarded optimism. Immediately following the recession, there ...

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Immediate distraction: Proprietary information bill mars Ballad Health rollout

Alan Levine, Ballad chairman and CEO. Photo by Scott Robertson By Scott Robertson When Ballad Health Chairman and CEO Alan Levine met with The Business Journal in late February, he probably would rather the conversation had centered on plans for a new pediatric trauma center, or a residential addiction treatment facility, or pediatric emergency departments in Kingsport and Bristol. Instead, he opened the co ...

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Opioids: a multi-tiered approach to a multi-faceted problem

By Scott Robertson At some point in the last five to ten years, workforce became the most important factor in business site selection, outpacing location, available infrastructure and incentives. At some point in the last two to three years, opioid-related issues became the most important factor in workforce disqualification, outdistancing education. The effort to stem the opioid crisis, until recently only ...

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Costa: Eastman will only support regional economic development effort

Mark Costa speaks a the Eastman Leaders Breakfast Feb. 22.  Photo by Gabriel Logan By Scott Robertson Several months ago, Eastman Chairman and CEO Mark Costa quietly convened a meeting of the top executives of several of the region’s major employers, including Alan Levine, (CEO of then-Mountain States Health Alliance, now Ballad Health), Scott Niswonger, executive chairman of Landair Transport, Dr. Brian No ...

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