Catching up to the medical mart race
Posted on November 17, 2009 at 10:55 amMedCity News pulls together the various threads shaping the efforts in Nashville, Cleveland and the Big Apple to open massive medical convention spaces. The synopsis: New York has the tenants, Cleveland thought it had the land and Nashville thinks it’s going to get state incentives.
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MTSU economist: Nissan electric job projections optimistic
Posted on November 12, 2009 at 1:32 pmDavid Penn at MTSU’s Business & Economic Research Center says the study prepared to help Rutherford County officials justify $62 million in tax breaks for Nissan was a tad too upbeat.
“The analysis done on the multiplier assumes that other jobs that Nissan has stays the same,” said Penn, who is also an economics associate professor for MTSU. “These models they use assume that all sources are fully employed to begin with, but we clearly know that’s not the case right now. So that brings down the multiplier a lot.”
For its part, the accused at Younger Associates say they’ve got the government backing them up.
“The analysis is based on the U.S. Bureau of Economic Analysis multipliers. They are specific to Rutherford County and they are specific to the automotive industry. They are reflective of the past performance of automotive operations in Rutherford County.”
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Auto supplier scouting state
Posted on at 7:40 amAn Ontario maker of headrests and other auto parts is looking at expanding in Tennessee as well as in Mexico and near Evansville, Ind. Windsor Machine Group’s project would eventually bring with it about 130 jobs.
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Nissan’s electric project getting tax breaks
Posted on October 29, 2009 at 10:56 am
The Rutherford County Industrial Development Board will cut the auto maker $62 million worth of slack over 20 years in return for the more than 1,700 jobs expected to be created at its electric car and battery operations.
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Pennsylvania prepared to pay $20M for Harley
Posted on October 14, 2009 at 10:28 amGov. Ed Rendell said Pennsylvania has up to $20 million in incentives ready if Harley-Davidson officials will commit to sizable job growth at a retooled York plant that may move to Murfreesboro.
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Dell shutting down Raleigh plant
Posted on October 8, 2009 at 7:21 amThe computer maker — which recently signaled just how confident it is about future success in that business — will in January shut the doors to its 900-worker plant in Raleigh, N.C. The slimmed-down Nashville operations of the once-high-flying company appear to be safe while the folks in Carolina fret about the fate of more than $300 million in incentives.
SEE ALSO: Background on Dell, including its local cutbacks over the past year
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Incentives help lure McGraw/Paltrow movie to area
Posted on October 7, 2009 at 1:21 pm
About 80 percent of a film starring Tim McGraw and Gwyneth Paltrow is set to be shot in Nashville, Music Row is reporting. Austin had been in the mix, but it appears the state’s movie incentive program did the trick.
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Noranda nursing smelter back to health
Posted on October 1, 2009 at 7:42 amAluminum producer Noranda is bringing back 38 workers to restart one of its lines at a Southeast Missouri plant that was all but knocked out by an ice storm early this year. The Franklin-based company also is getting $8 million in training and equipment incentives from Missouri officials.
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A little longer wait on West Tenn. megasite
Posted on September 21, 2009 at 7:27 amState ECD officials late on Friday said they have asked a State Building Commission subcommittee to defer any discussion of funding the planned Haywood County megasite until later this month. Area landowners apparently need some more time to get their arms around the site’s exact specs.
“Haywood County Mayor Franklin Smith has worked extraordinarily hard in putting this project together and is to be commended for his strong leadership. There is a great spirit of cooperation and excitement among property owners in the area,” said Commissioner Kisber “We fully anticipate all remaining details will be resolved in the coming days, and the land options exercised before the Oct. 31 deadline.”
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Pennsylvania budget woes could help Murfreesboro’s Harley push
Posted on September 15, 2009 at 12:18 pm
Pennsylvania state lawmakers have irked Gov. Ed Rendell by approving less than half of the economic development incentive money he had proposed. That, says the Keystone governor, won’t allow him to put together a package that will persuade Harley-Davidson to keep a 2,300-employee plant in the state. Murfreesboro is one of three other sites pitching to land the factory.
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Cash for clunkers ends Monday
Posted on August 20, 2009 at 5:41 pm“The best economic news story in America” has spurred the sale of more than 450,000 cars and will be wound up after the weekend. At which point auto sales will presumably drop off a cliff…
Stay healthy, get a raise
Posted on August 19, 2009 at 8:37 amWith a helping hand from one of Richard Branson’s ventures, First Horizon is giving its employees an incentive to shape up.
By wearing a GoZone pedometer and tracking daily activity, employees will accumulate points (HealthMiles) toward a reward based on their levels of activity. Moderate activity pays off — walking, playing with the kids, cycling. Participation is optional and requires employees to make a $2.50 contribution each payday, which is every two weeks, to the cost of the program.
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Well, that didn’t take long
Posted on July 31, 2009 at 7:05 am
The cash-for-clunkers program, which has met with a strong response and boosted sales for a number of auto makers, appears to be out of cash.
Hundreds of auto jobs for Jackson
Posted on July 21, 2009 at 10:34 am
North Carolina-based Carlisle Tire & Wheel Co. has picked West Tennessee for a new factory that will make tires, inner tubes and wheels for various vehicles. The plant, which used to house Whirlpool operations, is expected to employ 440 people and will receive various incentives and tax credits from the state.
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Lebanon, Dell may meet in court
Posted on June 5, 2009 at 8:57 amCity officials are frustrated with the lack of information from the computer maker and say they are contemplating suing the company (Ticker: DELL) over the job cuts at its plant there.
“A 40-year-old deal is a contract. You stay around and continue to have jobs and be a good corporate citizen,” says Farmer.
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