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August 22nd, 2016

August 22nd, 2016

TENNESSEE INNOVATION IN THE NEWS

Chattanoogans Actively Focused on Bridging the Digital Divide
Teknovation
One of the behind-the-scenes people at the CO.LAB in Chattanooga is Tia Capps, an engaging and effervescent individual with whom we interact on a fairly frequent basis. Yesterday’s edition of the Chattanooga Times Free Press had a great article on initiatives that individuals like Capps and organizations like CO.LAB are undertaking to address the digital divide.

Doug Speight Wants to Cash in on a $900 Billion Dollar Pain Point
Forbes

Applicants can log into the platform at any time to see the status of their application, allowing them to stay closely involved. It’s a simple, efficient, transparent process for equipment leasing. Their initial revenue comes through a subscription to their SaaS product. Equipment distributors pay a monthly fee to use the Cathedral Leasing platform, and in return, they benefit from a much higher close rate on their leasing applications.

Governor Haslam, Commissioner Boyd Announce ATC Automation to Expand Cookeville Facility
Tennessee ECD
Tennessee Gov. Bill Haslam, Economic and Community Development Commissioner Randy Boyd and ATC Automation officials today announced the manufacturer is investing $10.4 million to expand operations in Cookeville and create 110 new jobs during the next five years. The majority of ATC’s hires will be production engineers as the firm positions to meet growing national and global demand for its advanced manufacturing equipment. In total, ATC will add more than 65,000 additional square feet to its existing facility in Putnam County.“We’ve focused on creating and fostering a business climate that helps attract new companies to Tennessee. But it is just as important to help existing businesses like ATC grow and excel here,” Haslam said.

Memphis Entrepreneur Finds Success in Crosstown
High Ground News
Local entrepreneur Carla Worth began cleaning houses independently in 2008. “I’ve been a Memphian since I could walk and talk. I was raised near Bartlett but found every opportunity I could to be in Midtown or Downtown. The city has always been a huge part of who I am,” said Worth. In 2013 she launched her own natural cleaning business, Aunt Key’s Apothecary. “I named it after my late great-Aunt Key, who has inspired me not just to be conscious in what goes into my home but in every aspect of my life,” explained Worth. “I wanted the company to be a brand, not just a service.”

Recruit, Keep Top IT Employees with Benefits, Culture of Well-Being
Nashville Business Journal
In a competitive marketplace, attracting and retaining the best IT employees can be challenging. Two ways to engage and keep top employees are by educating them on their total rewards and creating a culture of well-being. Competitive benefit or total rewards packages are often key factors considered by employees considering a position. Educating your employees about how to use the benefits your company provides and engaging the employees in those benefits are key factors to retention.

Tennessee and Georgia Job Growth, Business Starts Outpace U.S. Rate
Chattanooga Times Free Press
Despite an increase in the jobless rate last month, Tennessee’s growing economy still fostered the start of more new businesses and a faster pace of employment growth than the country as a whole. The Tennessee Department of Labor and Workforce Development said Thursday that employers across the Volunteer State added 58,600 jobs in the past year — including 4,800 net new jobs last month — even though unemployment in July edged 0.2 percent higher to 4.3 percent due to an increase in the number of Tennesseans looking for work.

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