SMW Automotive will open a plant in Shelbyville and Tennessee officials say the $26 million capital investment will create 170 jobs over five years. Gov. Phil Bredesen and Economic and Community Development Commissioner Matt Kisber announced on Thursday the global auto supplier’s 131,000-square foot project in Bedford County. A spokeswoman for the Michigan-based supplier of [...]
Entries Tagged as ‘News: Knoxville’
September 1, 2010
New Whirlpool plant to add 130 jobs in East Tennessee
Whirlpool Corp. will build a cooking appliance plant and distribution center creating 130 new jobs in Cleveland. Whirlpool executives said Wednesday the project is part of the Benton Harbor, Mich., company’s commitment to manufacturing in the U.S. The company will close a 100-year-old plant in Cleveland as part of the upgrade. Construction is scheduled to [...]
August 25, 2010
Hiring at Chattanooga VW plant at halfway mark
Volkswagen executives say their hiring in Chattanooga has reached the halfway mark, with more than 1,000 employees training for production of a new midsize sedan. Production of the yet-to-be-seen VW is to start early next year at the $1 billion plant near Interstate 75. VW Chattanooga spokesman Scott Wilson said Monday that Cathy Allen, 38, [...]
August 25, 2010
Business owners, residents happy with Gay Street 100 block renovation
It’s less than two weeks since the 100 block of Gay Street re-opened in downtown Knoxville. The decades old supports beneath the street got some much needed repair. Utilities also got an upgrade and the city widened the sidewalks for a more pedestrian friendly feel. All the upgrades have been tough on residents and business [...]
August 25, 2010
Loan program to help Tennessee businesses reduce energy costs
Gov. Phil Bredesen says the state is launching a $50 million energy efficiency loan program to help Tennessee businesses reduce costs. Bredesen said at a news conference on Wednesday that the program will be administered by Pathway Lending, a community development financial institution that provides loans to businesses lacking access to traditional financing options throughout [...]
August 17, 2010
Knoxville Center Mall adds 4 new stores
There’s new optimism in the Knoxville Center Mall. Four new stores have recently opened. HQ features skateboards and skateboarding accessories including clothing and body jewelry. Active Pets offers pets including iguanas, birds, fish, dogs and rodents, along with pet supplies Bee Wicked Candles has a variety of locally made candles, gifts, accessories, lamps, oils and [...]
August 17, 2010
Nashville’s Gaylord buys land near its complex
Gaylord Corp. has bought 13 acres of land across the street from the old Opryland USA theme park, which it owned before it was closed and replaced by a shopping mall. The Nashville-based company said it purchased the property for about $3 million from Two Rivers Baptist Church. The land also is across the road [...]
August 17, 2010
GM posts another profit, moves toward stock sale
In a signal moment for the turnaround of the American auto industry, General Motors is edging toward a public stock sale, and its profits are now solid enough that the demanding CEO will step aside, saying his work is done. GM said Thursday that it made $1.3 billion from April through June, its second straight [...]
August 11, 2010
Strong rebound seen in state sales tax collection
Tennessee sales tax revenue experienced the sharpest increase in July of any month since April 2007. July revenues totaled $833.6 million or $22.5 million more than the state budgeted. Revenues reported in July were collected in June, which closed the 2009-2010 fiscal year. The July growth rate in sales taxes was 5.94 percent. The fiscal [...]
August 11, 2010
Cocke County rafting business is on record-setting pace
Many people have been complaining about the recent heat wave, but for those enjoying whitewater rafting in Cocke County they are asking for more of the same. Outdoor Rafting Adventures in Hartford is reported big numbers of people whitewater rafting. “On a slow week 300 to 400 a day, on a busy day it is [...]
