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Costa shares $500 million goal at Eastman Leaders’ Breakfast

Photo courtesy Eastman by Scott Robertson Despite a challenging fourth quarter of 2018, Eastman Chairman and CEO Mark Costa has doubled down on a year-old statement that the company plans to have $500 million in new revenue growth from innovation in 2020. The 2018 figure was $360 million. “Three-hundred-sixty million dollars in new revenue growth from innovation for our portfolio is actually pretty good,” C ...

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Thompson & Litton acquires Beeson Lusk & Street

Two of the region's oldest and best known architecture and civil engineering firms have merged. Thompson & Litton (T&L) has announced the acquisition of Beeson Lusk & Street (BLS). Both firms have been in existence for more than 60 years. BLS employees have joined Thompson & Litton’s employee-owned operation, which is now doing business as BLS Thompson & Litton. The firm will retain its ...

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Crown Laboratories announces upgrade of Johnson City manufacturing facility

Above: Jeff Bedard, Crown Laboratories president and CEO Crown Laboratories, Inc. announced this week it will be embarking on a three-year capital improvement plan aimed at upgrading and enhancing its manufacturing capabilities in Johnson City, Tenn. Crown, which is headquartered in Johnson City, is investing in new capital equipment to accommodate current and future expansion opportunities, including a sta ...

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Gov. Bill Lee to Repeal the Gym Tax in the Upcoming Budget

Tennessee Governor Bill Lee on Tuesday announced his plans to repeal the amusement tax on gym memberships in his upcoming budget. “I’m pleased to be able to include a tax cut in my first budget,” said Lee. “Repealing the gym tax is an important step in reducing the burdens on small businesses in our state.” The nearly 10 percent amusement tax is placed on memberships to gyms, fitness centers and health club ...

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Chinese-born scientist indicted for conspiring to steal secrets from Eastman, others

By Dave Ongie A grand jury in Greeneville, Tenn., recently returned an indictment against a Chinese-born scientist formerly employed by Coca-Cola and Eastman for conspiracy to steal trade secrets related to formulations for BPA-free coatings. According to the U.S. Department of Justice, Xiaorong You, aka Shannon You, 56, of Lansing, Mich., and Liu Xiangchen, 61, of Shandong Province, China, were named in th ...

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150 organizations form Accountable Care Community

Representatives from Ballad Health, the United Way of Southwest Virginia and Healthy Kingsport led a meeting at Bristol Regional Medical Center Tuesday, including the 24-member leadership council of a new accountable care community in Northeast Tennessee and Southwest Virginia. The Appalachian Highlands community will be the first accountable care community in the U.S. to encompass areas of two states. “Thi ...

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Accountable Care Community comes to forefront as Ballad announces partnerships

By Dave Ongie From a school library in Gate City, Virginia, to the infield of Bristol Motor Speedway to a letter of support for Ballad Health penned by chambers of commerce from around the region, one phrase kept popping up last week: Accountable Care Community. The phrase itself is not new, but according to Ballad Health CEO Allan Levine, the emphasis now being placed on the phrase in our region is packed ...

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Changing of the guard at Frontier Health

Above: Dr. Teresa Kidd and Representative David Hawk The new and former CEOs of Frontier Health are both making news. Kristie Hammonds, the new CEO, has recently overseen the acquisition of the former Johnson City Specialty Hospital building. Her predecessor, Teresa Kidd, has been honored by the state of Tennessee. Kristie Hammonds Hammonds started with Frontier Health back in the late 1990s. She worked her ...

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Crossing the line: Johnson Commercial Development plans to develop Pinnacle property in Virginia

By Scott Robertson It was only a matter of time. When Johnson Commercial Development built the Pinnacle retail development on the Tennessee side of the Virginia state line in 2013, principal Steve Johnson had already bought 350 acres on the Virginia side abutting the Tennessee property. Because Johnson is not known for leaving money on the table, it was assumed by most observers that he’d develop the Virgin ...

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Ballad Health, Lee County Regional Medical Center Authority plan to reopen LCRMC

Alan Levine By Scott Robertson                 In a healthcare economy in which the closure of rural hospitals is becoming more common, Ballad Health plans to partner with a hospital authority to reopen a small rural hospital that has been closed for more than five years.              Lee County Regional Medi ...

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