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August 15th, 2016

August 15th, 2016

Bridging Digital Divide: Stepping Toward Inclusive Innovation in Chattanooga
Times Free Press
The new Edney Innovation Center — a 10-story symbol of Chattanooga’s advance into the highly-lucrative technology sector — is advertised as a “connecting point, support base and catalyst for the local entrepreneurial ecostyem.” But when Tia Capps’ office moved into the gleaming, San Francisco-esque interior, she couldn’t help but feel a disconnect. Each week she and her co-workers at Co.Lab, a small-business incubator once housed on Main Street, met with would-be entrepreneurs excited about all the Gig city could offer them.

Chattanooga Ranks Best for Costs to Start a Business

A SmartAsset report ranked Chattanooga as the U.S. city with the lowest startup costs for the second consecutive year. The financial technology company looked at 80 of the largest cities and ranked them based on the costs that a new company would need to cover during its first year of operation, such as filing fees, legal and accounting fees, payroll costs, and the cost of utilities. The expenses that SmartAsset considered were the same used in their 2015 study.

Knoxville Ranks as Fifth Lowest-Cost City for Starting a New Business
Knoxville News Sentinel
Knoxville has the fifth lowest cost of any city for starting a new business, according to a new study by SmartAsset. Three of the 10 lowest-cost cities in America for starting a business — Chattanooga, Knoxville and Memphis — are in Tennessee, says the study. Chattanooga has the lowest cost of any city. Memphis came in at No. 7. A Knoxville business owner with a 1,000-square-foot office would spend $1,852 on gas and electricity in his or her initial year of operation, according to the findings, which is 1.4 percent lower than the national average.

Pro Karaoke Music Label Sets New Sights on Consumer Market
In an age where most record labels are shying away from physical products, DigiTrax Entertainment, North America’s largest producer of karaoke music, is embracing it with open arms. DTE has just signed a distribution deal with BFD/SONY RED Distribution that will place their top-performing professional karaoke songs on discs in big-box stores and specialty retailers throughout the US. “We’ve analyzed the competitive landscape extensively,” said Joseph Vangieri, CEO of DTE, “and we know that now is the perfect time to introduce a fresh line of physical karaoke product into the market, and direct to consumers.”

RootsRated Provides Reliable Information About Outdoor Opportunities in Many Communities
Have you ever visited a city for the first time, whether for business or pleasure, and wanted to know the best places for an outdoor experience? Chances are the answer is “yes” and, more important, you wanted to hear what local experts thought about the hiking, biking, climbing, riding, skiing or paddling venues. Providing that reliable information for cities across the country is the mission of RootsRated, a Chattanooga-based start-up founded four years ago by Fynn Glover. The company bills itself as “a media platform that connects users with the best outdoor experiences, hand-picked by local outdoor retailers and their networks of local experts.”

Startup Homey Turns Chores into Fun
High Ground News
What started as a joke solution for passive-aggressive notes from roommates and chore charts that didn’t yield results is now Homey, a mobile application that gamifies household chores. Parents can assign chores for the whole family by taking pictures of what needs to be done. When kids complete chores, they take a photo of the completed chore, and earn points assigned to the task by parents. The points can be turned in later for rewards like screen time, allowance, or a new video game, also set by the parents.

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