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First Tennessee Development District receives nearly $1.3 million U.S. Department of Labor WORC Grant to develop “Recovery to Workplace Pipeline”

The First Tennessee Development District (FTDD) has been awarded nearly $1.3 million from the U.S. Department of Labor through its Workforce Opportunities in Rural Communities (WORC) grant to fund the Caring Workplace Initiative. Lottie Ryans According to Lottie Ryans, Director of Workforce & Literacy Initiatives for the FTDD, “Our region has had various programs working to assist people in recovery and ...

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Griffith touts EnVision Center in Lebanon

U.S. Congressman Morgan Griffith (VA-9) was on hand this week to cut the ribbon for a new Department of Housing and Urban Development (HUD) facility in Lebanon, Va. HUD’s EnVision Centers are tasked with offering support for assisted families to help them achieve self-sufficiency and, thereby, make limited federal resources available to others awaiting assistance. The centers are premised on the idea that f ...

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Tennessee governor announces $50 million in new business relief funding

Tennessee Governor Bill Lee and the state's Financial Stimulus Accountability Group (FSAG) today announced an initial $50 million in federal Coronavirus Relief Funds for the new Supplemental Employer Recovery Grant (SERG) program to provide additional relief to small businesses suffering during the COVID-19 pandemic. This new wave of funding includes specific support for minority-owned, women-owned and vete ...

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State legislators partner with Wysong Enterprises for dedication of 
Rodney Wysong Memorial Highway

A regional business leader who helped grow the aerospace sector in the Tri-Cities before his untimely passing has been posthumously honored by the state and his company. Wysong Enterprises Tuesday joined with State Representative Timothy Hill for a brief ceremony to rename a half-mile section of State Road 75 near the Tri-Cities Airport as the Rodney Wysong Memorial Highway. Also in attendance were State Se ...

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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. Zoom dating. That tiger thing on Netflix. Everybody trying to make sourdough bread for some reason. And, of course, a presidential election campaign that makes one remember fondly the sound, sober and sensible candidacy of Ross Per ...

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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 of the original Kingsport site for a reported $205,000, became the first general manager of the Tennessee Eastman Corp., and led the company through its historical role in World War II. Wilcox’s successor, James C. White was a hi ...

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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-Cities business community has passed away. Ernie Rumsby, founding president of the Tri-Cities Military Affairs Council died this week. His passing was announced by T-C MAC via the organization’s social media accounts. “I always apprec ...

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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 entirely Communist power to utilizing a mix of Communism and Capitalism, that nation’s economy has grown exponentially. Tennessee Senator Marsha Blackburn has made China policy a significant part of her work since taking office upon the ...

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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 protect the company’s cash reserves, at least for now. As the crisis began in March and April, Ballad Health received and utilized $200 million in advance payments on Medicare claims through the Medicare Accelerated and Advance Pay ...

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