11/17/2008 - 12:00 AM

Alpha/Cliffs Merger Dead

By Scott Robertson

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11/3/2008 - 12:00 AM

Circuit City Store Closings Will Not Affect Region

by Scott Robertson

The Tennessee locations slated for closure are in Antioch, Collierville, Memphis and Spring Hill. Virginia locations scheduled to close are in Charlottesville, Manassas and McLean.

The electronics retailer announced plans to immediately close stores in 55 U.S. cities, citing slower than expected sales, decreased consumer confidence and dropping profits.

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11/3/2008 - 12:00 AM

And in Sports...Performance USA in NYC Marathon

By Scott Robertson

Talbert finished the 26.2 mile course in a time of 2:52:30. He was the 499th runner to finish. "I surprised myself a bit," Talbert told bjournal.com. "Training hasn't really been on pace the past few months but I felt great! It is amazing to be racing with 38,000 other runners on the streets of New York and have all of the fans cheering through the 5 burrows, bands playing on the streets, and all 6000 volunteers helping to organize an A class event."

Talbert, 24, manager, Marketing & Client Services at the Alliance, was honored as a member of The Business Journal's 2008 40 Under Forty Class in part because of his youth coaching.

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10/31/2008 - 12:00 AM

Ferguson to Head Regional Alliance

By Scott Robertson

Ferguson will take over on November 3, working on a transitional basis with Burke, whose retirement officially takes place December 31.

Scott Niswonger, Alliance chair, said of Ferguson, “Tom has a proven economic development track record, he knows our region and the people to take the Alliance to the next level."

Ferguson helped form the Greene County Partnership in 1993 and served as the organization’s President until 2001. During his tenure the Partnership attracted 18 new manufacturing/distribution companies while adding more than 4,000 direct new jobs and generating more than $400 million in new capital investment.

In March 2001, Ferguson left the Partnership to form Ferguson Development Network, a consulting company providing a broad base of services to businesses, communities and economic development organizations. In 2003 Ferguson opened Ferguson Real Estate and Development, which focuses strictly on industrial and commercial real estate and will be closed as a result of this move.

Ferguson conducted the search which originally brought Burke to the Tri-Cities in 2005.

Of Burke's tenure, Niswonger said, “The Alliance has built a viable regional marketing organization under Andy’s direction. We are now on the radar screen of many site selection consultants and national real estate companies who previously knew very little about our region and as a result we are starting to generate some good prospects.”

Incoming Alliance chair Newt Raff said, “The Alliance, under Andy Burke’s direction, has built an operation and a team ready to seize opportunities as we move from the current economic conditions to a more robust environment. We are excited about the future and the groundwork that has been laid by Andy. We thank Andy for all he has accomplished and wish him the very best.”

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10/21/2008 - 11:33 AM

Stanton Staying On

By Scott Robertson

Stanton told The Business Journal when he originally made his decision to retire, he did so because of health risks associated with high blood pressure.

Today, however, Stanton told The Journal, "I made the decision this morning, after several days of deliberation, that it would hurt me more to be on the outside, worrying, than it would hurt to be on the inside, trying to be a part of the solution. The next few months could be the most difficult time financially since the 1930s."

The state has already informed ETSU and other colleges and universities of impending cuts based on state revenue shortfalls in 2008.

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10/17/2008 - 3:49 PM

IES Breaks Ground

by Rachel Horton

IES currently has 67 employees and provides the repair and manufacturing of circuit boards for companies including Siemens Medical Solutions and the United States Army. The company has grown over the last 19 years from a small repair shop to a multi-million dollar organization. The business posted sales of more than $4.5 million in 2006, and is project to post $6.5 million in 2008.

The company currently has three facilities and purchased the Tex-Tenn complex in 2006 next to its facilities. IES received certified supplier status from Siemens at the groundbreaking. Larry Mullins, CEO, IES Inc., says the expansion is due in part to the announcement of the Siemens announcement.

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10/10/2008 - 10:10 AM

New Jet Service to Memphis Announced

from staff reports

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