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Ballad Chairman: Bill imperfectly written, but no ill intent

A Tennessee General Assembly bill that would limit what information is immediately put into the public record as it is reported to the state’s COPA monitor does not – as currently written – accurately reflect the system’s goals, Ballad’s chairman and CEO, Alan Levine allowed Tuesday. However, Levine said, there is no ill intent on the part of Ballad or of the legislators who are carrying the bills in the st ...

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Greene County’s land available for development now includes fairgrounds

SVN Interstate Brokers, a commercial real estate brokerage firm has announced it will coordinate the relocation of the Greene County Fair in Greeneville. The fair’s board of directors has agreed to list the current fairgrounds property with adjacent parcels to the north and east, which will constitute a 182-acre offering. “This will be a multiyear project,” said lead broker John L. Johnson, CCIM, ALC, manag ...

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Eastman Chemical unveils new $2B stock buyback program

At Eastman Chemical Company’s (NYSE: EMN) 2018 Innovation Day, senior company executives discussed the company’s focus on innovation to drive growth and strong value creation, then announced a $2 billion.stock buyback. “We have built a compelling, innovation-driven growth model that is unique to Eastman,” said Mark Costa, Board Chair and Chief Executive Officer. “Our model consists of the combination of wor ...

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Bush’s Beans and Bristol Motor Speedway extend contract through 2020

Photo above: Bush's Beans' Chairman of the Board Drew Everett makes the three-year extension official with BMS GM Jerry Caldwell at Bush’s visitors center in Chestnut Hill Monday. Photo courtesy BMS Forget Boston. Bristol is Beantown for three more years. Bush Brothers & Company and Bristol Motor Speedway have extended their partnership featuring two old-school Tennessee institutions with a new three-ye ...

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When will the craft beer bubble burst?

By Scott Robertson The Brewers Association statistics that define the craft beer boom in America since 2010 are mind-boggling. More than 6,850 breweries exist today in a marketplace that less than six years ago had fewer than 2,500 and saw two brewing companies (Anheuser-Busch InBev and MillerCoors) control a 90 percent share. While overall beer sales were flat from 2015 to 2016, craft beer* sales rose 6.2 ...

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Ballad Health moves forward with multiple long-awaited initiatives

  Photo above: Alan Levine Photo by Bill Derby By Scott Robertson With the Tennessee Certificate of Public Advantage (COPA) approved Jan. 31, and a companion document already in hand from the Commonwealth of Virginia, the merger of Mountain States Health Alliance and Wellmont Health System was formally announced Feb. 2 at MeadowView Conference Resort & Convention Center in Kingsport. Alan Levine, w ...

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Tri-Cities Airport receives TDOT Aerospace Park grant, seeks final funding

By Scott Robertson The long-awaited Tennessee Department of Transportation Aeronautics Development (AED) Fund grant announcement January 11 gave the Tri-Cities Airport Authority (TCAA) $4.1 million to put toward development of its Aerospace Park project, a business park designed to attract high-paying jobs and capital investment. It also left the authority with $4 million more to raise before site preparati ...

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Bristol Compressors, DHX tout “revolutionary” new tech

Photo above: Kevin Mumpower, Dr. Rhett Mayor and Dr. Andrew Semidey By Scott Robertson Engineers at Bristol Compressors International are as close to giddy as you’ll ever seen engineers get. The marketing folks are calmly ecstatic. Even management, which has been conservative to the point of dour in public statements in the past, is cautiously optimistic. They all believe they have the next big thing. Brist ...

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Festival to kick off outdoors-based economic development effort

By Scott Robertson A late summer festival will highlight a new effort by the Northeast Tennessee Regional Economic Partnership to showcase the importance of the outdoors to the region’s economic viability. The festival will be dubbed “Meet the Mountains.” Based in Johnson City, it will intentionally coincide with several outdoor events elsewhere in the region. Kayla Carter, outdoor development manager for t ...

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