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November 4th, 2015

November 4th, 2015


Centresource Names Nicholas Holland as Chairman
The Tennessean
Nashville software company, Centersource, is transferring to an employee-owned and managed company. Centresource founder Nicholas Holland will lead the transition as chairman with Brandon Valentine as managing partner. Holland, who created the company in 2003, has recently served as president of the company. Former CEO Evan Owens stepped down as CEO in 2014. Centresource clients include Bridgestone Americas, BMI and Vanderbilt University. According to the company’s website, Centresource employs more than 40 people. The employee count will “remain robust” as part of the transition, said spokeswoman Allison Barnes.

East TN Well-Represented at Tuesday’s White House Forum
East Tennessee was well-represented at the half-day event with more than one in every 10 attendees coming from the area. Those gathered in the Indian Treaty Room of the Eisenhower Executive Office Building for the series of presentations and discussions ranged from University of Tennessee (UT) President Joe DiPietro and Oak Ridge National Laboratory (ORNL) Director Thom Mason to Mark Proffitt of Greeneville-based MECO Corporation. The Tennessee delegation joined maybe 80 other individuals – laboratory directors, university leaders, federal agency administrators, and business executives from around the country who were gathered to share their experiences, perspectives and ideas on how federal labs can do even more for their regional economies.

Gov. Haslam, Commissioner Boyd Announce Wonderful Group to Build First U.S. Manufacturing Facility in Lebanon
Tennessee ECD
Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd along with Wonderful Group officials announced today the company has selected Lebanon as the site of its first U.S. operations. In an effort to expand its presence in the world market, Wonderful Group will invest $150 million in the Lebanon facility and create 220 new jobs in Wilson County. “We want to welcome Wonderful Group to Tennessee and thank the company for choosing our state as the location for its first U.S. operations,” Haslam said. “Tennessee competes on a global level and when a company decides to expand its business here it speaks volumes to our business-friendly environment and skilled workforce. Companies can choose to do business anywhere in the world, and today’s announcement is another step toward making Tennessee the No. 1 location in the Southeast for high quality jobs.”

Local Motors Announces First 3-D Printed Vehicle for Knoxville Factory Production
Knoxville News Sentinel
Vehicle manufacturer Local Motors — which utilizes 3-D printing — says it will produce its newest car, the LM3D Swim, at a Knoxville factory slated to open next year. “In the past few months our engineers have moved from only a rendering, to the car you see in front of you today,” Jay Rogers, Local Motors CEO, told a crowd at the SEMA auto show this week in Las Vegas. “We are using the power of DDM (direct digital manufacturing) to create new vehicles at a pace unparalleled in the auto industry, and we’re thrilled to begin taking orders on 3D-printed cars next year.” The Knoxville site is company’s first digitally enabled microfactory, meaning it can 3-D print finished pieces directly from digital designs with no extra steps like tooling or casting.

Memphis Mayor’s Innovation Delivery Team Charts New Course
Memphis Daily News
Now that Memphis has a new mayor-elect, a team that’s worked for years within the mayor’s office and with city hall on innovative solutions to local challenges is thinking about its future. The good news: Doug McGowen, who heads up the Mayor’s Innovation Delivery Team, said the enterprise isn’t going anywhere. The team had for several years operated thanks, in part, to Bloomberg philanthropic funding, which had incrementally wound down in tandem with an expectation from the Bloomberg organization that the team would figure out how to chart its own future. The team is now operating out of the EmergeMemphis building at 516 Tennessee St., and McGowen anticipates it will remain there. Its work thus far has included things like helping incubate businesses and activate city neighborhoods through programs like MEMFix and MEMShop, which launch storefront businesses on a short-term basis to create momentum in an area.

Chattanooga Times Free Press
Everybody needs reminders, sometimes even to breathe. Also to forgive and to stay in the present moment, among other life-propelling affirmations. Signal Mountain residents Carrie Fowler and Margaret Smith recognized that. The yoga practitioners also knew the focused periods they spent on their yoga mats were ideal for absorbing aphorisms. My Mat My Mantra was born in the yoga studio, Smith says of the company she and Fowler founded in 2013. It took about $10,000 to get My Mat My Mantra going, $5,000 from each of them, Fowler and Smith said. They declined to share their company’s revenue but said that for this calendar year through August it has doubled compared with all of calendar year 2014.

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