NN, Inc. to sell Precision Bearing Components Group

NN, Inc. to sell Precision Bearing Components Group

NN Inc., a Johnson City-based industrial parts manufacturing company, announced this week it is selling off its Precision Bearing Components Group, which includes its properties in ...

Eastman, Costa inducted into JA Business Hall of Fame

Eastman, Costa inducted into JA Business Hall of Fame

2017 Laureate: Mark J. Costa Mark J. Costa, chairman and CEO of Eastman, rose from working class, if not humble, beginnings. He was born to Alice and Donald Costa and raised in Sal ...

Miyake Forging to invest $13.7 million in new Phipps Bend plant

Miyake Forging to invest $13.7 million in new Phipps Bend plant

Photo above: The June 7 groundbreaking  Photos courtesy NETWORKS Sullivan Partnership By Scott Roberston Miyake Forging, a Japan-based bearing and parts company, announced in June ...

Pending Kmart closure creates commercial real estate buzz

Pending Kmart closure creates commercial real estate buzz

Photo above: The lot’s ease of access to I-26 and State of Franklin Road will be a unique selling point.  Photo by Scott Robertson By Scott Robertson With the June 6 announcement f ...

Laughlin, Mountain States complete merger

Laughlin, Mountain States complete merger

Photo above: Alan Levine of Mountain States and Chuck Whitfield of Laughlin at the November merger announcement (file photo) By Scott Roberson Laughlin Memorial Hospital and Mounta ...

TRI readies for Aerospace Park grant process: Works to replace flight school

TRI readies for Aerospace Park grant process: Works to replace flight school

Photo above: Artist’s rendering of Aerospace Park when grading is complete. Courtesy Tri-Cities Airport By Scott Roberston The next few weeks represent the deep breath before the p ...

Business community backing education, workforce development efforts: Pathways, SCORE and Work Ready Communities

Business community backing education, workforce development efforts: Pathways, SCORE and Work Ready Communities

Photo Above: Carter County Mayor Leon Humphrey, surrounded by his fellow county mayors speaks about the region’s Work Ready Community progress. Photo courtesy First Tennessee Devel ...

S & ME acquiring Littlejohn Engineering

By Scott Robertson Two engineering firms that have taken part in several major projects in the Tri-Cities over the last few years are merging. S&ME, which has a Tri-Cities office on Eastern Star Road in Kingsport, is acquiring Littlejohn Engineering, which has an office on Sunset Drive in Johnson City, as a wholly owned subsidiary. S&ME is headquartered in Raleigh. Littlejohn is headquartered in Nas ...

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Legislature to consider Insure Tennessee

By Scott Robertson Before the Tennessee General Assembly gets down to regular business this year, it will already have debated what is likely to be one of the most contentious issues it will face. Governor Bill Haslam has called a special session during which no other issues may be discussed in order to vote his Insure Tennessee plan up or down. That session is slated to begin at 4 p.m., Feb.2. “If you had ...

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Mr. Scott goes to Washington

Credit union CEO serving on CFPB advisory council By Jeff Keeling ‘From the conservative side, I’m not wild about the big government piece. But seeing the Consumer Finance Protection Bureau from the inside, I’m very impressed with how conscientiously they’re proceeding with their mission.’ Ron Scott A credit union executive based in the Tri-Cities is now serving on the Consumer Finance Protection Bureau adv ...

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Tri-Cities Crossing Re-Enters the Fray

The Business Journal Q&A: Stewart Taylor By Scott Robertson In all the sound and fury created by the dueling retail developments in Bristol, it’s been easy to forget the development that made them both possible. The original tax incentive plan that was used by Bristol, Tenn., and inspired the plan used by Bristol, Va., was written to help develop what was then called Heritage Point in Kingsport. Develop ...

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From the Editor: A Day Late, But Not A Dollar Short

In the last issue of The Business Journal, we reported on the circulation of at least two different sets of plans for the Cabela’s retail location at The Falls development in Bristol, Va. You may recall that we shared our editorial deadline for that issue with Bristol city leaders but they declined to meet with us on four separate occasions. The questions we wished to ask were germane to the issue of whethe ...

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Foot on the throttle: NN Inc. prepares for move to new corporate HQ

Story and photos by Jeff Keeling Things haven't slowed down at NN Inc. since the global manufacturing company's early July announcement it would stay in Johnson City as it expanded its headquarters to match an aggressive growth plan. As the year draws to a close, local management is preparing to move into the former SunTrust building, and key executives are putting the pieces in place from four acquisitions ...

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It’s December. Do you know what your tax laws are?

Accountants had to wait more than 11 months before Washington could agree on its filing rules for 2014 By Scott Robertson As of Dec. 31, 2013, some 55 tax breaks that had been part of the American Taxpayer Relief Act of 2012 had expired. As of Dec. 1, 2014, Congress had yet to act on whether to retroactively reinstate any or all of them. That news was disappointing, but not necessarily surprising for those ...

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Wellmont: Decision on strategic options/merger unlikely before January

 KINGSPORT – Meaningful work by Wellmont Health System’s board of directors is enabling the group to fully explore the best path forward for the organization. Roger Leonard, the board’s chairman, said the panel continues its examination of Wellmont’s options, a process that will likely extend into the new year. With the holiday season in full swing and the need for the board to further review information it ...

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Gerald O’Connor and Impact Plastics: The American Manufacturer and the Impact of Vision

By Scott Robertson Where there is no vision, the people perish… - Proverbs 29:18 A little over a year ago, while some were still bemoaning the death of American manufacturing, Gerald O’Connor, founder of Impact Plastics in Unicoi County, Tenn., announced plans to expand his local operations to the tune of $1.3 million. That expansion, O’Connor said at the time, would result in the creation of 83 new jobs an ...

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Inside the numbers: Wellmont Health System

In introducing a new department this month, we decided to hone in on some data that is certain to be in the sights of at least three other entities – the finalists for alignment in Wellmont Health System’s strategic options process. Wellmont leaders have said recently they hope to announce a decision about an alignment by sometime late this year. The system provides quarterly and annual financial informatio ...

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