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.”
permalink | Comment on this post
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.
permalink | Comment on this post
VA adding call center in Smyrna
Posted on October 26, 2009 at 10:24 amThe Department of Veterans Affairs has chosen Smyrna’s Tennessee Expo Center for a new patient service call center that will generate about 300 jobs. The facility will serve 19 VA hospitals.
permalink | Comment on this post
Nissan recalls Smyrna cars over potential part issue
Posted on September 22, 2009 at 2:59 pm
Possible cracks in some strut insulators made in China have pushed Nissan to recall a number of 2010 Maximas made in Smyrna. The manufacturer also is recalling some new-model-year Altimas made in Mississippi.
Area water infrastructure projects land loans
Posted on September 4, 2009 at 7:07 amThe Tennessee Local Development Authority has approved $37 million in loans to various projects around the state. The money’s coming in part from federal stimulus programs. The Nashville area is getting the following:
Town of Smyrna (Rutherford County) –for green-treated wastewater reuse and new storage tank project. Total: $5,750,000. Loan: 20-year loan for $3,450,000. Interest Rate: 2.14 percent. Principal Forgiveness: $2,300,000.
City of White House (Robertson/Sumner Counties) – for construction of approximately 2,500 LF of gravity sewer lines, 2,500 LF of force main, 16 manholes, and a new duplex sewer lift station at Copes Crossing to replace the existing Tyree Springs sewer lift station. Total: $1,000,000. Loan: 20-year loan for $600,000. Interest Rate: 1.77 percent. Principal Forgiveness: $400,000.
Madison Suburban Utility District (Davidson County) – for green-water treatment plant improvements with sustainable practices for water and energy efficiency via the automation and integration of processes and equipment and the conversion from chlorine gas to liquid bleach. Total: $1,100,000. Loan: 20-year loan for $660,000. Interest Rate: 2.86 percent. Principal Forgiveness: $440,000.
permalink | Comment on this post
Nissan puts fuel cells on the floor
Posted on August 25, 2009 at 10:26 am
The auto manufacturer is replacing the batteries in its Smyrna factory-floor tugs with methanol fuel cells, a move it says will save it hundreds of thousands of dollars per year.
Oorja’s OorjaPac fuel cell sits on the fork lift and funnels electrons to the battery pack, charging it as the day progresses. Filling up the fuel cell at the beginning of a shift, ideally, provides enough power for the day. The charging infrastructure – otherwise known as a pump – costs less than a tenth of what a battery bay will run, claims Oorja.
permalink | Comment on this post
A few details on Nissan’s electric car
Posted on June 26, 2009 at 12:56 am
We may see the electric car that Nissan workers in Smyrna will build as soon as early August, says one industry pub. For now, the vehicle (that’s a prototype at left) looks like it will be a midsized, five-door hatchback.
permalink | Comment on this post
Nissan CEO confirms Smyrna electric plans
Posted on June 23, 2009 at 12:56 am
Speaking to reporters after his company shareholders’ meeting in Tokyo, Carlos Ghosn said Nissan will build electric cars and the batteries that will power them in Tennessee. The initial production capacity of 100,000 suggests the auto maker’s investment could reach $1 billion based on numbers Nikkei first reported a few days ago.
permalink | Comment on this post
Report: Smyrna to build electric Nissans
Posted on June 20, 2009 at 12:05 pm
A Japanese paper says Nissan plans to invest at least $500 million into electric-car production lines at its Smyrna plant. The company, which is on track to begin building electric cars in Japan in the fall of 2010, early this year applied for a Department of Energy loan to help it make more energy-efficient cars.
Physician group grows into Murfreesboro
Posted on April 24, 2009 at 4:07 pmSmyrna-based Internal Medicine Associates will next month open an outpost on Thompson Lane near Saint Thomas’ new Middle Tennessee Medical Center.
permalink | Comment on this post
Fresh, hot jobs to Smyrna
Posted on April 8, 2009 at 11:08 amFrom a press release:
Fresh, hot doughnut fans have a new reason to celebrate tomorrow morning, April 9: the Krispy Kreme Hot Light will beam bright for the first time in Smyrna, Tennessee, with the opening of the newest Krispy Kreme Doughnut Factory and Kremery, located at 434 Sam Ridley Parkway.
permalink | Comment on this post
Stonecrest CEO resigns
Posted on February 26, 2009 at 6:12 pm
WKRN reports that StoneCrest Medical Center CEO Neil Heatherly resigned yesterday. The departure was announced Wednesday in a department director level meeting within TriStar Health Systems.
Heatherly has been the only CEO since the center opened in late 2003.
SEE ALSO: TriStar can’t move beds to StoneCrest and California HCA hospital boss out
Smyrna company adding jobs in Virginia
Posted on January 23, 2009 at 7:41 amVideo Gaming Technologies, which markets to the casino industry, plans to boost the work force of its engineering center in Ruckersville, northwest of Richmond, by 60 people this year.
permalink | Comment on this post
Staff trimming at Square D
Posted on December 17, 2008 at 10:24 amIndustrial electrical manufacturer Square D/Schneider Electric, which has three facilities in Middle Tennessee, is letting go 18 salaried workers from its Smyrna plant.
December, 2008 — The Schneider Electric North American Operating Division, headquartered in Palatine, Illinois, announced today that it is eliminating 18 jobs at its Smyrna manufacturing facility, effective immediately.
The Smyrna facility currently employs 494 salaried and production people. The company said it continually assesses its operations, and the reductions are attributed to current economic conditions and its ongoing efforts to remain competitive. Throughout its organization, approximately 370 salaried employees were involved in the company’s reduction today. The North American workforce totals approximately 17,000. The company will provide all employees affected by this decision with full assistance during this transition period.
Recent Comments
In our good state a select few run the place, 20 yrs ago and today....
Southernindie…Unfortunat ely you have suffered a dibilitating...
And…Karl (Marx) Dean is spending one billion dollars...
Someone explain the difference between short stay and observation...
Watching the Chairman of Starwood Hotels yesterday on CNBC...
Funny how the Union’s feel about taxes. They complained about their...
Where is it?
An absolutely ugly structure, which I have always thought did not take...
Too bad that ATT changed the look of the building so that it no longer...
Yeah, well, look at the TN Legislature of good ol’ boys and the...
As long as the red rules, we will be far behind other states. The GOP does...
Nissan CEO Carlos Ghosn: I don’t know what...