When you figure out how to turn garbage into gold, get other people to pay you to take their garbage

When you figure out how to turn garbage into gold, get other people to pay you to take their garbage

The phenomenon that is #2020 continues unabated. Massive unemployment. Trillions of dollars of new debt. A pandemic. Racial strife. Murder hornets. Fire tornadoes. Zoom meetings. Z ...

Q&A: Mark Costa, Eastman Board Chair and CEO

Q&A: Mark Costa, Eastman Board Chair and CEO

Over the course of a century, Eastman has been led by men whose focus ranged from visionary to operationally-focused on a granular level. Perley Wilcox, who negotiated the purchase ...

Ernie Rumsby, T-C MAC founder passes away

Ernie Rumsby, T-C MAC founder passes away

Above: Ernie Rumsby, right, during a 2018 presidential visit to Johnson City. The man who has, for most of the last decade, served as the face and voice of veterans in the Tri-Citi ...

The Business Journal Q&A

The Business Journal Q&A

Q&A: Senator Marsha Blackburn Much has been made of the United States’ debt to China, currently around $1.08 trillion. In the few decades since China went from being an entirel ...

Ballad using debt to protect cash reserves into autumn

Ballad using debt to protect cash reserves into autumn

by Scott Robertson The COVID-19 pandemic has played havoc with the revenue stream at Ballad Health, but administrators are using a pair of no- to low-interest debt instruments to p ...

Saving Jobs: Economic developers say “complex” Domtar deal took teamwork

Saving Jobs: Economic developers say “complex” Domtar deal took teamwork

by Scott Robertson Clay Walker, CEO of NETWORKS Sullivan Partnership and Lynn Tully, Northeast Tennessee director for the Tennessee Department of Economic and Community Development ...

Tri-Cities economy shedding jobs

Tri-Cities economy shedding jobs

More worrying: Labor force participation on decline by Don Fenley WARN Act-mandated layoff notices are piling up in northeast Tennessee and southwest Virginia. Utility Trailer in G ...

Frontier Secure to bring 500 jobs to Wise County

Above: Kelly Morgan, Ron McCall, Kenny Gilley, Jonathan Belcher and Todd McReynolds pose with a check representing VCEDA’s $5.6 million loan. Photos by Scott Robertson By Scott Robertson Frontier Communications subsidiary Frontier Secure announced on June 29 plans to open a customer service call center in Wise County, Va., investing $10.9 million and creating 500 new jobs in the process. The company has alr ...

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Junior Achievement: Business Hall of Fame 2016

2016 Laureate: Greg Boehling  The words “integrity,” “conscience” and “character” have always been central to the life of Greg Boehling. From his upbringing in Virginia through his career that took him to Texas, South Carolina, Illinois and Alabama, to his ownership of T E C Industrial Maintenance and Construction in Kingsport, Tenn., those concepts have guided his life’s course. Born to Dick and Burnham Bo ...

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Bristol, Va. learns Johnny Mandel was wrong

By Scott Robertson It was as predictable as the sun rising in the east. Bristol, Va., is raising taxes and considering cutting services, and a populace that had been generally quiet while the local government plowed ahead on an ill-advised shopping center development is now lighting the torches and sharpening the pitchforks. It began when Northeast Tennessee developer Stuart Taylor got together with some Ki ...

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TPI: The local manufacturer you’ve seen but probably haven’t heard about

By Scott Robertson The odds are you have driven by the business many times. You may have seen its sign next to Interstate 26’s Gray exit so many times you don’t notice it anymore. But the odds are also good you know very little about the company or its rich history in the region. Yet TPI has been a Tri-Cities-based manufacturer for the last two-thirds of a century, employing more than 500 people and maintai ...

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Washington, Carter, Unicoi counties join economic development efforts

By Scott Robertson The Washington County Economic Development Council Board voted unanimously May 19 to approve the recommended organizational structure for an economic development partnership with Carter and Unicoi counties. The WCEDC has been working for several months with public and private sector representatives from both counties as well as a private consulting firm, Convergent Nonprofit Solutions, to ...

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Alpha’s natural gas assets set to bring $339 million

By Scott Robertson It appears Alpha Natural Resources will garner a $325 million credit bid and a $339.5 million cash bid in the sale of its core assets. The sale is part of Alpha’s Chapter 11 reorganization. As this issue of The Business Journal went to press, U.S. Bankruptcy Court was in the process of determining whether to approve the cash sale of certain assets to Vantage Energy Appalachia II, LLC. Van ...

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Organizers hope SWVA Economic Forum just a first step

Photos by Tim Cox By Jeff Keeling “Don’t be cynical. Be an optimist with concerns,” U.S. Economic Development Administration (EDA) Deputy Assistant Secretary Matt Erskine told more than 300 people gathered at the University of Virginia at Wise May 12. Erskine was among several speakers at the 2016 SWVA Economic Forum, and like his counterparts from business and industry, he emphasized the importance of seve ...

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Hospital merger deliberations detailed, slow

By Jeff Keeling Groups vetting the area's proposed hospital system merger are expressing it loudly and clearly: If Wellmont Health System and Mountain States Health Alliance combine, the new entity must not just maintain access to health care in the rural parts of its geographic service area (GSA), it must enhance it. Other messages to the systems also are coalescing as the “COPA Index Advisory Group” in Te ...

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Good thing it’s not first and goal for hospital merger

By Jeff Keeling If you thought – for good or for ill – that Mountain States Health Alliance and Wellmont Health System were looking at a first and goal on the five-yard-line after announcing in April 2015 they would seek approval to merge, you almost certainly weren’t alone. Proponents of Wellmont opting for a local partner as it sought “strategic options” had begun in August 2014 fighting what seemed very ...

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Account Executive Opportunities

This is a perfect opportunity for a retired individual who is still interested in earning a good income as an independent business person and who enjoys being active in their community. We are seeking dynamic professionals to join the sales team of the region’s leading business-to-business publication, The Business Journal of Tri-Cities TN/VA. This is a commissioned flex-time position and is a great fit for ...

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