Santa Train program to distribute in southwest Virginia, but without the train

Santa Train program to distribute in southwest Virginia, but without the train

For decades, business throughout southwest Virginia and northeast Tennessee have supported the running of the Santa Train, in which Santa Claus rides from eastern Kentucky through ...

Pal Barger passes away: Founder of Pal’s Sudden Service was 90 years old

Pal Barger passes away: Founder of Pal’s Sudden Service was 90 years old

America’s first restaurateur to earn the nation’s highest honor for quality, the Malcolm Baldrige National Quality Award, died Oct. 29 at the age of 90. Barger worked in the restau ...

Northam conducts COVID roundtable with southwest Virginia business, government leaders

Northam conducts COVID roundtable with southwest Virginia business, government leaders

Virginia Governor Ralph Northam kicked off a listening tour of Virginia by taking part in a virtual roundtable with southwest Virginia business, education and local government lead ...

FTDD Foundation reconfiguration continues for potential economic development hub

FTDD Foundation reconfiguration continues for potential economic development hub

By Scott Robertson Legal recommendations have been presented to Mayors Richard Venable of Sullivan County and Joe Grandy regarding potential bylaw changes for the First Tennessee D ...

Food City CEO receives national Employer of the Year award

Food City CEO receives national Employer of the Year award

Steve Smith K-VA-T Food Stores President and CEO Steve Smith received the Employer of the Year award during the Oct. 23 opening ceremonies of the Council for Exceptional Children’s ...

Contura board faces challenge from activist investors

Contura board faces challenge from activist investors

Pictured above, David Stetson Activist investor group MG Capital, which owns 5.8 percent of Contura Energy Inc., is demanding the company replace half of its board of directors. In ...

NETWORKS Sullivan Partnership’s October surprise

NETWORKS Sullivan Partnership’s October surprise

Pictured above, Mitch Miller (left) and Clay Walker The economic development organization threw out a collaborative document a year in the making in favor of its own brand new plan ...

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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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 (ECD) knew they were going into a meeting with huge long-term implications for the regional economy when they sat down with Domtar executives shortly after the company announced it was temporarily closing down Kingsport operation ...

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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 Glade Spring – 326 layoffs. Scholle in Chilhowie – 128 layoffs. FLSmidth in Johnson City – 113 layoffs. Kennametal in Johnson City – 141 layoffs. Domtar in Kingsport – 308 layoffs (more on that on page 11). Cooper Standard in Surgo ...

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