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 ...

The Domtar Century: And why it’s the next 100 years, not the last

By Scott Robertson Domtar is celebrating 100 years of operation at its Kingsport paper mill in 2016. The year-long commemoration features monthly events designed to highlight the successful partnership between the company and the city in which it has thrived. Yet while the public is enjoying the celebration of a stable past – a celebration that to date has included the donation and planting of 100 trees by ...

Read more

Lee County, Va. hospital talks progressing, ‘entangled with merger’

By Jeff Keeling May could be a critical month for long-running efforts to reopen Lee County, Va.’s hospital, which Wellmont Health System closed in September 2013. Those efforts, a source said, have become “entangled with” the proposed merger between Wellmont and Mountain States Health Alliance. The source, who is close to the effort by the Lee County Hospital Authority (LCHA) told The Business Journal Apri ...

Read more

Despite growth, soon-to-close CrestPoint Health was losing millions per year

By Jeff Keeling Despite strong growth in premium revenues, Mountain States Health Alliance’s foray into offering its own Medicare advantage insurance plan, CrestPoint Health, was far from profitable, MSHA Senior Vice President Tony Keck said after CrestPoint’s pending wind-down was announced. “We were losing money, which is not unusual for a startup plan in insurance in any business,” Keck said April 15. “T ...

Read more

The Business Journal Q&A: Ron Ramsey comes home

By Scott Robertson The tweet Ron Ramsey sent Friday, April 22 read simply, “The @tnsenate of the 109th General Assembly has adjourned sine die.” The Latin term at the end means there is no date set for resumption – the business of the session is finished. With the end of the session, and Ramsey’s prior announcement he would not seek re-election after 20 years in the state senate (plus two terms in the state ...

Read more

Alice doesn’t work here anymore: Former Wellmont CFO grants The Business Journal an exit interview

By Jeff Keeling With institutional knowledge as important as ever given the changes swirling around Wellmont Health System, leaders at Wellmont no longer have a long-solid option when financial questions arise: Go ask Alice. Alice Pope left the system after 16 years to become CFO at HonorHealth, a Scottsdale, Ariz.-based not-for-profit hospital system. Her last day at Wellmont, where she had been CFO since ...

Read more

OneKingsport, One Journal, One Hundred

By Scott Robertson We’re very honored here at The Business Journal to partner with the city of Kingsport, Tenn., to publish the city’s official centennial publication. It’s something I’ve been working toward since having a conversation with my old boss Ken Maness several months ago. Ken, who gave me my first job out of college, selling radio advertising on what was then Oldies 104.9 WKOS, and whose bio I ha ...

Read more

Take heart: Common sense, accountable leadership not dead yet

By Jeff Keeling When you deal directly with potholes, pill heads and peoples’ education, political leadership can be difficult. Local and regional leaders haven’t the luxury of layers of lesser governments or bureaucracies between themselves and the citizens they are charged to serve. If they do a poor job, act irresponsibly or lack the fortitude to make hard but necessary decisions, the results are readily ...

Read more

Macrochange at Microporous: Battery separator manufacturer attempting Phoenix-like rebirth

By Scott Robertson Travis Cunningham, production manager at Microporous, Inc., has seen good days and he has seen bad days, and he knows the difference. The good days, he says, are finally here. For most of the last decade, Cunningham and his colleagues at the Piney Flats manufacturing facility felt they were working in the dark. “They (new management) have come in and turned on the lights,” he says. The da ...

Read more

Alpha fighting UMWA in preparation for asset auction: $500 million stalking horse bid in place

By Scott Robertson Bristol, Va.-based mining company Alpha Natural Resources hopes to emerge from Chapter 11 bankruptcy by June 30 after a planned auction of assets, which should net the company $500 million or more in cash. The auction is scheduled to take place May 16. Alpha announced March 8 it had filed reorganization plan documents in United States Bankruptcy Court, which, together with the planned auc ...

Read more

GO Virginia offers Southwest regional economic developers a hand up

By Scott Robertson Last month’s news from the King Institute for Regional Economic Studies that Southwest Virginia individuals bring in a shockingly low amount of income from wages and salaries (a little more than half) with government transfer payments (social security, medical programs) making up a rapidly growing piece of the income pie set me thinking. With the tobacco economy gone from the Southwest an ...

Read more

Copyright The Business Journal. All rights reserved.

Scroll to top