Commerce Dec. 2015 by Knoxville Chamber

INSIDE: Knoxville Chamber receives 5-Star Accreditation pg. 48 + Monthly Economic Indicators pg. 50

MEMBERSHIP MATTERS TOP ACHIEVERS 1ST PLACE TIE

Top Achievers are recognized for their countless volunteer hours and dedication to the Ambassador Program’s mission of serving as an active volunteer extension of the Knoxville Chamber to cultivate, promote, and maintain positive relationships between the Knoxville Chamber, its members, and the community.

LORENA HUBBARD

MARC ARCHER

LAWHORN CPA GROUP, INC.

ARCHER DESIGN & MARKETING

2ND PLACE

TOM O’BRIAN CORE BENEFITS & INVESTMENTS

3RD PLACE

CHRISTA EARLY STAFFINGSOLUTIONS/ EMPLOYBRIDGE COMPANIES

NEW MEMBERS / NEW PREMIER PARTNERS BRONZE PREMIER PARTNERS Forensic Pursuit (865) 281-3067 www.forensicpursuit.com Computer & IT Services; Consultants Business & Professional Services; Technical Services; Legal Services

Admiral Title (865) 531-6060 www.admiraltitleinc.com Real Estate: Title Companies Babalu Tacos and Tapas (865) 332-9060 www.babalutacos.com Restaurants Bestbytes (865) 268-9068 www.bestbytespc.com Computer & IT Services Blake Rickels - Keller Williams Realty (865) 207-4283 www.BlakeRickels.com Real Estate: Residential C&J Wealth Advisors (865) 481-0385 www.cjwealth.com Financial Services: Planning

THE KNOXVILLE CHAMBER’S MONTHLY NEWSLETTER

EDITOR LORI FULLER DESIGN LADDY FIELDS

Cherokee Farm Development Corporation (865) 974-8210 www.cherokeefarm.org Education & Training

Janice Ann’s Fashion (865) 212-5666 Shopping: Women’s Clothing Knoxville Uncorked (865) 521-0600 www.scruffycity.com Restaurants

Dunlap RV Center of Knoxville (865) 233-4010 www.dunlaprvcenter.com Sports & Recreation: Recreational Vehicles Escape Game Knoxville (865) 246-1306 www.escapegameknoxville.com Attractions & Tourism

The Landings Riverfront Apartments (865) 249-8065 www.landingsknoxville.com Apartments Apartments: Corporate Housing

Frussie’s Deli & Bakery (865) 577-2108 Restaurants

Market House Cafe (865) 524-2224 www.scruffycity.com Restaurants

Goodness To Go (865) 253-7099 www.goodnesstogocatering.com Event Planning, Catering, & Venues: Catering Innovative Consulting Group, Inc (865) 321-8325 www.innovative-cg.com Computer & IT Services Jack of All Trades (865) 299-5400 www.jackofalltrades.com Construction & Contractors

Painting with a Twist - Downtown Knoxville (865) 253-7710 www.paintingwithatwist.com/ knoxville-central Entertainment: Arts & Culture Paul Davis Emergency Services of West Knoxville (865) 584-1227 www.pauldavis-westknoxville.com Residential Services Premier Laser Spa (865) 777-4447 www.premierlaserspa.com Personal Services: Salons & Spas Preservation Pub (865) 524-2224 www.scruffycity.com Restaurants: Bars

Moonshine Mountain Cookie Company (865) 362-5997 www.moonshinemountaincookies.com Restaurants: Sweet Treats & Bakeries

Saving Little Hearts (865) 748-4605 www.savinglittlehearts.com Healthcare Providers & Services: Agencies

NHC HealthCare, Knoxville (865) 524-7366 www.nhcknoxville.com Social Services: Senior Services Off Road Equipment Parts (865) 379-7895 www.offroadeq.com Industrial Supplies & Services Construction & Contractors Construction & Contractors: Equipment/Supplies

Schooley Mitchell of East Tennessee (423) 200-4100 www.schooleymitchell.com/bsams/ Business & Professional Services: Business Advisors & Consultants

CONTACT THE KNOXVILLE CHAMBER (865) 637-4550 www.knoxvillechamber.com

FINANCE & OPERATIONS ljohnson@knoxvillechamber.com

THE DEVELOPMENT CORPORATION (865) 546-5887

MEMBERSHIP mfield@knoxvillechamber.com

PRESIDENT & CEO MICHAEL EDWARDS

CENTRAL BUSINESS IMPROVEMENT DISTRICT (865) 246-2654 mhummel@downtownknoxville.org

TENNESSEE SMALL BUSINESS DEVELOPMENT CENTER (865) 246-2663

EXECUTIVE VICE PRESIDENT RHONDA RICE ECONOMIC DEVELOPMENT dlawyer@knoxvillechamber.com

LEADERSHIP KNOXVILLE (865) 523-9137 U.S. DEPT. OF COMMERCE EXPORT ASSISTANCE CENTER (865) 545-4637

K N O X V I L L E C H A M B E R | 44

Scruffy City Hall (865) 524-2224 www.scruffycity.com Restaurants: Bars Solomon IT (865) 294-0015 www.solomonITC.com Business & Professional Services Computer & IT Services Computer & IT Services:Consultants Sourcing Business Solutions (865) 805-4356 www.SourcingBusinessSolutions.com Business & Professional Services: Business Advisors & Consultants Summit Uniforms (865) 454-8194 www.summituniforms.net Business & Professional Services: Uniforms The Adams Law Firm (865) 531-6440 www.terryadamslaw.com Legal Services The Insurance Group (865) 670-0911 www.insgrp.net Insurance Which Wich Superior Sandwiches (865) 539-9608 www.whichwich.com Restaurants

READY. START. GROW. FOCUSING ON ENTREPRENEURIALISM A HUB FOR ENTREPRENEURIALISM Knoxville was recently recognized by Thumbtack as the seventh best market in the country for millennial entrepreneurs. Thumbtack is an online marketplace focused on small business service providers that has partnered with the Kauffman Foundation and Bloomberg on a series of national small business surveys. The ranking

did not happen by chance. Entities such as Oak Ridge National Lab, the University of Tennessee, and the UT Research Foundation recruit talented individuals to the area whom create new technologies or have the technical skill to further develop a concept into an operational business. The regional business community has worked hard to create an environment that supports, encourages, and celebrates these individuals and the spirit of

entrepreneurialism. SUPPORTING ENTREPRENEURIALISM The Knoxville Chamber, Knoxville Entrepreneur Center, and Tech2020 are a sampling of organi-

â&#x20AC;&#x153;Entrepreneurismâ&#x20AC;? continued on pg. 46

K N O X V I L L E C H A M B E R | 45

“Entrepreneurism” continued from pg. 45

zations joined together in a regional approach to support local entrepreneurs. They are committed to making business happen through direct programming designed to build early stage companies and help them move forward. The region hosts a number of programs and events designed to nurture quality start–up companies positioning them for long-term success in the local marketplace. Knoxville recently received a grant from the Kauffman Foundation, which will be used to develop an entrepreneur passport for local startups. The website and mobile app will allow newcomers in the market to input information about where they are in the launch process and will in turn connect them with resources in line with their individual needs. Think you have the next big idea for a new product or business? Applications are being accepted through Jan. 6 for the 2016 What’s the Big Idea 48-Hour Launch competition. A panel of judges will narrow the applicant field down to six competitors who will convene for a weekend competition Jan. 22 – 24. Over the course of two days, finalists will be paired with a team of professionals to help them fine tune their idea and transition it from concept to a launch-ready product or business. At the close of the weekend each participant will pitch their refined idea to a panel of judges and an overall winner will be selected. While everyone who participates as a finalist in What’s the Big Idea 48-Hour Launch receives invaluable mentorship and business advice, the overall winner will receive access to a $10,000 grant applicable towards start-up reimbursement costs, office space, and complimentary business services. The Development Corporation of Knox County, Knoxville Entrepreneur Center, and the Knoxville Chamber have all partnered to make this event possible. In addition to assistance with start-up funding, the winner of the competition will be awarded a seat in the Knoxville Entrepreneur Center’s CO.STARTER Program. This nine-week program is designed to aid aspiring entrepreneurs to transition their passion into a sustainable and thriving business. The program is open to both seasoned and new entrepreneurs as long as they are ready, willing, and excited to dig deep and work hard in turning their idea into reality.

and Tech2020 partner to host the Young Entrepreneurs Academy (YEA!), a 30-week deep-dive into entrepreneurship for students ages 11 to 18. Throughout the program, students learn how to launch and operate a legitimate business or social movement. The program is presented by Pilot Flying J and hosted by the nationally acclaimed Haslam College of Business at the University of Tennessee. It is also supported by Clayton Bank and the Alcoa Foundation. Currently in its first year, the inaugural YEA! class includes students ranging in age from 11 to 17, representing 14 schools within Knox County. “It has been inspiring to watch the current group of students pursue their ideas for new products, services, or social movements,” said Mackenzie Fox, program manager for YEA!. The success of this program is predominantly a result of area business support in the form of mentorship, guest lectures, and services to help with the actual business launch such as marketing and acquiring a business license. During the first-third of the program the students have been focused on refining business plans and they will now turn their attention to marketing and preparing to present to an investor panel, in order to acquire funding. In March the students will showcase their businesses at the Knoxville Chamber’s Schmoozapalooza. “Entrepreneurship is not easy,” said Mike Edwards, president and CEO of the Knoxville Chamber. “It takes perseverance and thick skin to endure what often requires years of hard work to transition an idea into the launch of a successful business.” Knoxville and the surrounding community embrace the risk that coincides with entrepreneurship and striving for success. Many local programs are facilitated by innovative business leaders who themselves have experienced the highs and lows of entrepreneurship. Aspiring business leaders are able to learn from failures of others as well as dissect their mistakes only to return to the highly competitive market stronger with a refined plan.

ENCOURAGING ENTREPRENEURIALISM

CELEBRATING ENTREPRENEURIALISM

What’s the Big Idea 48-Hour Launch and the CO.STARTER Program create an encouraging ecosystem for entrepreneurs in the area offering access to like-minded individuals with resources and the tools needed to help them succeed. Local mentorship programs for aspiring enterprisers begin as early as middle school. The Knoxville Chamber, Knoxville Entrepreneur Center,

Perhaps one of the most important aspects of Knoxville’s recognition as a prime location for entrepreneurs is its commitment to celebrating the relentless innovators who are bringing ideas to life, creating jobs, and driving economic growth in the community. Millennial and seasoned entrepreneurs alike can expect a wealth of resources and access to professional support every step of

K N O X V I L L E C H A M B E R | 50 46

the way from concept to launch to sustaining an authentic business. As a hub for Innovation Valley, where world-class resources in science, technology, and business come together, it is no surprise why local entrepreneurs continue to ignite new ideas, products, and processes that change the way we live and do business. Startup Day began in 2013 as a way to celebrate the entrepreneurial spirit in the region. It is an opportunity to hear firsthand from some of the successful entrepreneurs from the region allowing the next generation of innovators to learn from their accomplishments and mistakes. It also showcases the next generation of entrepreneurs, and some of the great work they are doing here. Startup Day brings together entrepreneurs, investors, and businesses offering services to startups, small businesses, regional accelerators, and research institutions. The event offers a unique opportunity to educate the community about why startups are an integral part of the local economy. “As awareness increases of the success of local innovators, we are noticing investors becoming more comfortable investing in these early stage companies,” says Jim Biggs, executive director of the Knoxville Entrepreneur Center. “The event offers attendees a comprehensive view of entrepreneurship within Innovation Valley and how so many organizations and institutions are coming together to support and encourage entrepreneurs as they start innovative new businesses here.” This year’s event held on Nov. 19 welcomed over 500 attendees and awarded FunLPro a $5,000 cash prize as the winner of the pitch competition. In addition, Aries Energy was awarded the UT Federal Credit Union Traction Award as the Startup Day alum that has demonstrated the most progress since presenting at Startup Day. Entities throughout Knoxville have a demonstrated commitment and desire to help entrepreneurs succeed. East Tennessee is a fierce competitor vying for startups and entrepreneurs seeking an energetic destination to call home. You can expect to continue to see Knoxville listed as a prime location to live, work, and launch a business. This article was written by Christie Knapper, freelancer.

Knoxville Chamber Awarded 5-Star Accreditation by U.S. Chamber The Knoxville Chamber has been awarded 5-star Accreditation by the U.S. Chamber of Commerce. The recognition places ® the Knoxville Chamber among the nation’s top 1% of all chambers of commerce. Of the roughly 7,000 chambers in the United States, only 102 have earned recognition as a 5-star accredited chamber. This ranking reflects the organization’s dedication to serving both its members, and the business community at-large, by operating efficiently, being innovative and collaborative, providing members with resources to help their businesses grow, and contributing to positive change in the community. “While it is the organization that receives this recognition, the credit goes to our members who volunteer their time, expertise, and money and empower our staff to focus on our mission of Driving Regional Economic Prosperity each and every day,” commented Michael Edwards, president and CEO of the Chamber. “In reality, it should be a 2,200-star accreditation, one star representing each of our member

businesses, because we wouldn’t be here if it were not for them,” he continued. “Every great city or region in the United States has a strong chamber of commerce that helps to foster a pro-business environment and grow quality jobs,” said Robyn Askew, chair of the Knoxville Chamber’s board of directors. “Our community should be proud of the work being accomplished by the Knoxville Chamber’s staff, and this national recognition further validates that,” she continued. In order to be considered for accreditation, chambers must complete a detailed application outlining nine areas of organizational structure that include governance, finance, human resources, government affairs, program development, technology, communication, facilities, and benchmarking. The Chamber is striving to make Knoxville America’s Best Business Address® and this 5-star Accreditation achievement is another step toward that goal. Accreditation with the United States Chamber of Commerce is the only program of its kind for chambers and was developed to facilitate continuing excellence in the chamber industry and to foster a pro-business environment across America. This is not the first time the Knoxville Chamber has been recognized for excellence. In 2011, it was named the National Chamber of the Year by the Association of Chamber of Commerce Executives. This article written by Lori Fuller, vice president of marketing and events.

Innovation Valley Adds 1,800 Jobs in October Business is booming across Innovation Valley. During the month of October, Innovation Valley announced 1,800 new jobs for the region and more than $660 million in capital investments. Six existing companies expanded operations and two new companies chose to call Innovation Valley home. “We certainly believe that Innovation Valley is the No. 1 place for business in America, and these numbers solidify that other companies believe so too,” said Rhonda Rice, executive vice president of the Knoxville Chamber. “It is a great testament to our region that new companies want to locate here, but also that our existing industries are continuing to see the benefit of investing in the region.” Dura-Line, Regal Entertainment Group, Comcast Corporation, Cross Company, TeamHealth, and Eagle Bend Manufacturing each announced operational expansions, while two new companies, Advanced Munitions International (AMI), and Morgan Olson Corporation, will be locating to the region. AMI, a global leader in high-end ammunition manufacturing, has committed to invest $553 million to build its new world headquarters in Alcoa and create 605 new jobs. It plans to break ground on a 235-acre site this spring for its manufacturing, distribution, and research and development campus. AMI cited the proximity and resources of Oak

Ridge National Laboratory as a deciding factor when choosing its location. “When we looked nationally for a site to build this facility, Tennessee stood out as a place with leaders that understand and support strong business growth,” said Jim Antich, AMI founder and executive chairman. “Having a resource like ORNL nearby also attracted us to Tennessee and Blount County. We are looking forward to a long relationship with Tennessee and to working with our new neighbors.” On Oct. 22, Comcast announced plans to create 250 new jobs for the City of Knoxville. The new jobs are part of a $7 million, multi-phase development at the company’s call center on Asheville Highway. “We could not be more pleased with the amount of economic activity we have seen across the region recently,” said Doug Lawyer, vice president of economic development for the Knoxville Chamber. “We are continuing to actively pursue a strong pipeline of projects, and certainly plan to see this momentum carry on into 2016.” Innovation Valley has had one of its strongest year’s to-date with more than $1.4 billion in capital investments committed since Jan. 1, 2015. To learn more about Innovation Valley and its economic development efforts visit www.knoxvilleoakridge.com. This article was written by Kayla Witt, marketing coordinator.

K N O X V I L L E C H A M B E R | 47

Amy Miles Kicks Off Women on the Rise to Shine Series The Chamber has launched a brand new series of programming designed to develop and inspire female professionals. Women on the Rise to Shine, presented by SunTrust, kicked off with a breakfast entitled “A Conversation with Amy Miles, CEO of Regal Entertainment” on Oct. 22. Nearly 270 businesspeople, a majority of which were women, attended the event. The Oprah-style conversation was moderated by WBIR-TV’s Robin Wilhoit. She explored many different topics with Miles, who was named CEO of the nation’s largest theater chain in 2009. Attendees gained insight into Miles’ background growing up in Alcoa, her career path, and her leadership tactics. When asked about what advice she would give to aspiring female business leaders, Miles encouraged attendees to find their passion first. “It’s a lot easier to excel when you love what you do,” Miles said. She also emphasized the importance of finding the right company to work for and building relationships with advisors and mentors who can help you grow. “Once you lay that foundation, then you need to take responsibility for your career,” she continued. Miles also discussed what she believes makes her an effective leader. “It’s very important to me, as I make a decision as CEO, to surround myself with experts and have input from them. I’ll make the decision, but I want input from all the smart people in the room. I want them to weigh in on the area of their expertise before I make the decision. That creates a very collaborative workplace and creates a decision-making process that results in the best answer for Regal,” she said. Miles’ comments both inspired and provided valuable advice to those in the crowd. “Amy’s speech was very relatable to me – particularly her professional journey – working moms juggle so much but perseverance and passion always pay off,” said Elizabeth Carroll, chief operating officer of Harmony Family Center, who attended the event. “What an incredible way to launch this new series,” said Kim Jarrard, vice president for SunTrust Bank, the presenting sponsor of the event. “Hearing from Amy in a casual and conversational setting enabled the crowd to really connect with her and be inspired by her story. She is a great role-model for aspiring female leaders,” she continued. The next two events in the series will be lunch and learn seminars that will discuss topics relevant to businesspeople in general, but especially female professionals (see story on page XX). The final event of the year will be a “Wine and She’s” reception and panel discussion featuring female business leaders. This article written by Lori Fuller, vice president of marketing and events.

Robin Wilhoit (left), of WBIR-TV, moderated an Oprah-style conversation with Amy Miles, CEO of Regal Entertainment on Oct. 22.

Robin Wilhoit, Mayor Madeline Rogero, Amy Miles, Kim Jarrard, Grant Boyd, and Rhonda Rice pose for a picture at the conclusion of the first Women on the Rise to Shine event, presented by SunTrust.

K N O X V I L L E C H A M B E R | 48

Networking at Historic Jackson Terminal

Digital Marketing Series Will Provide Insight and Tips

More than 100 guests convened at the historic Jackson Terminal in Knoxville’s Warehouse District for an a.m. Exchange networking event hosted by All Occasion Catering on Oct. 20. The former railroad freight terminal was recently renovated by All Occasion Catering and provides the perfect atmosphere for events ranging from wedding receptions to corporate events. The 6,500 sq. ft. rustically elegant space has plenty of room to accommodate up to 350 seated guests. All Occasion Catering wowed attendees with a made-to-order omelet station as well as a buffet of breakfast favorites including a cranberry apple bread pudding. To learn more about Jackson Terminal, visit www.alloccasioncatering.com.

The Knoxville Chamber is putting a new spin on what has been the annual seminar series focused on social media. Next month, it will host its first-ever Digital Marketing Series, presented by BGT Recruiting & Consulting. Throughout the month of January, businesspeople can learn tips and tricks of successful digital marketing tactics from local experts in related fields. “We wanted to expand this series beyond just social media-related topics and dig a little deeper into some of the digital marketing tools available to small businesses,” said Lori Fuller, vice president of marketing and events for the Chamber. “While social media plays a role in digital marketing, it isn’t the only piece of the puzzle.” To kick off the series, John McCulley, digital media manager for Moxley Carmichael, will present “What, How, and Why: Digital Marketing Tips for 2016” on Jan. 6. This seminar will discuss how digital marketing has impacted the relationship between companies and its consumers, who are increasingly growing into adept online multitaskers. McCulley will explain how the key to remaining visible with consumers is to simultaneously offer consistent information across all marketing channels and will introduce tools businesses should utilize to improve its digital marketing efforts. Demming Bass, regional development director for Constant Contact, Inc., will present “Grow Your Business with Email and Social Media: Simple Marketing Strategy for Small Business and Nonprofits” on Jan. 12. He will discuss ways for businesses to make the most of the combination of email and social media, as well as how to develop a digital marketing campaign with goals and objectives. Attendees will discover various tools to help engage with existing customers and supporters and how to expand the business’s reach to new prospects. On Jan. 19, Jimmy Delaney, assistant athletic director for sales and marketing at the University of Tennessee, will discuss the topic of digital advertising and how to maximize advertising dollars and reach customers on digital platforms. On Jan. 26, Laura Spica, founder of Spica Communications, will present “Digital Storytelling: How to Create Compelling Online Branded Content.” This seminar will focus on the importance of developing a good story for your brand and how to leverage the brand’s online presence across multiple platforms through digital storytelling. Spica will discuss how to cut through the clutter of content marketing to reach target audiences, how to build brand equity, and how to convert fans and followers into brand evangelists. “We are excited about the line-up for January and I expect it will be as well-received as the social media series was when we launched it several years ago,” Fuller said. All seminars will take place at the Knoxville Chamber from 11:30 a.m. to 1 p.m. The cost to attend is $25 for Chamber members and $35 for non-members. For more information or to register for any of these events, please visit the Chamber’s event calendar on www.knoxvillechamber.com. This article was contributed by Jessica Karsten, marketing and events assistant.

More than 100 businesspeople gathered for an a.m. Exchange networking event at the newly renovated Jackson Terminal event venue, owned by All Occasion Catering.

Bryan Eaves of Sourcing Business Solutions, Ryan Prince of Prince Technologies, and Daniel Monday of Slamdot take a break from networking to pose for a photo.

SPONSORED BY:

K N O X V I L L E C H A M B E R | 49

MONTHLY ECONOMIC INDICATORS

(Oct. 2015)

NOTES – Knoxville MSA includes: Anderson, Blount, Campbell, Grainger, Knox, Loudon, Morgan, Roane & Union Counties.

WORKFORCE Resident Labor Force Knox Co. Knoxville MSA Tennessee U.S.

HOUSING MARKET % Change Sept. ’14Sept. ‘15

Sept. 2015

Aug. 2015

Sept. 2014

% Change Aug. ’15Sept. ‘15

228,590 405,890 3,037,500 156,607,000

228,700 406,380 3,050,900 157,390,000

226,470 396,602 3,000,000 155,903,000

0.0 -0.1 -0.4 -0.5

0.9 2.3 1.3 0.5

390,400 2,890,100

386,700 2,866,400

380,900 2,842,000

1.0 0.8

2.5 1.7

11,990 23,550 193,090

12,130 23,630 194,280

13,360 26,490 218,850

-1.2 -0.3 -0.6

-10.3 -11.1 -11.8

4.8 5.3 5.7 4.9

4.8 5.3 5.8 5.2

5.4 6.0 6.6 5.7

0.0 0.0 -0.1 -0.3

-0.6 -0.7 -0.9 -0.8

Non-Ag Employment Knoxville MSA Tennessee

Residential Closings Residential Inventory Median Residential Price

Sept. 2015 1,495 10,293 $155,000

Unemployment Rates Knox Co. Knoxville MSA Tennessee U.S.

Sources: Tennessee Dept. of Labor & Workforce Development/U.S. Bureau of Labor Statistics

INFLATION RATES -

*Southeast Region Avg. U.S. Avg. Source: U.S. Bureau of Labor Statistics

% Change Oct. ’13Oct. ‘15 -1.8 -1.5

Oct. ’14-‘15

Sept. ’14-‘15

Oct. ’13-‘14

-0.4 0.2

-0.6 0.0

1.4 1.7

0.2 0.2

% Change Oct. ’14Oct. ‘15

Knoxville (City)

Total Single-Family Multi-Family

Sept. 2015* 28 28 0

Sept. 2014 15 15 0

% Change Sept. ’14Sept. ‘15 86.7 86.7 0.0

Knox Co.

Total Single-Family Multi-Family

126 126 0

105 105 0

20.0 20.0 0.0

Knoxville MSA

Total Single-Family Multi-Family

211 189 22

142 142 0

48.6 33.1 100.0

Tennessee

Total Single-Family Multi-Family

1,742 1,507 235

1,790 1,421 369

-2.7 6.1 -36.3

Knox Co. Knoxville MSA Tennessee

Oct. 2015

Sept. 2015

Oct. 2014

% Change Sept. ’15Oct. ‘15

53,095,557 82,047,320 684,195,215

52,746,036 80,866,636 662,239,049

49,264,039 75,876,758 635,126,352

0.7 1.5 3.3

7.8 8.1 7.7

14,595,985 23,039,950

14,317,119 22,421,796

13,706,761 21,788,380

1.9 2.8

6.5 5.7

% Change Oct. ’14Oct. ‘15 1.8 2.7 4.0 -3.2 2.2 7.0 5.3 -20.0 2.6 3.9 4.0 6.0 5.3 6.2

AIR SERVICE (MCGHEE-TYSON AIRPORT)

Passengers Cargo

Aug. 2015 167,517 NA

Jul. 2015 172,131 6,938,790

Aug. 2014 155,422 6,024,089

% Change Jul. ’15Aug. ‘15 -2.7 NA

% Change Aug. ’14Aug.‘15 7.8 NA

Source: Metropolitan Knoxville Airport Authority

Local Sales Tax Knox Co. Knoxville MSA

*All 2015 building permit data is preliminary and therefore subject to revision throughout the year. Sources: U.S. Housing & Urban Development – SOCDS – State of the Cities Data Systems; U.S. Census Bureau – Building Permits Survey

*South – City Size Class B/C

SALES TAX REVENUE - STATE & LOCAL ($) State Sales Tax

1,148 11,320 $150,000

RESIDENTIAL BUILDING PERMITS

CONSUMER PRICE INDEX (CPI) - ALL ITEMS % Change Sept. ’14Oct. ‘15

Sept. 2014

% Change Sept. ’14Sept. ‘15 30.2 -9.1 3.3

Source: Knoxville Area Association of Realtors

Available Labor Knox Co. Knoxville MSA Tennessee

Aug. 2015 1,575 10,489 $158,000

% Change Aug. ’15Sept. ‘15 -5.1 -1.9 -1.9

Source: Tennessee Dept. of Revenue

RETAIL SALES - NATIONAL (IN MILLIONS OF DOLLARS) Category Total Retail Sales Building Materials Clothing Stores Electronics & Appliances Food & Beverage Stores Food Svcs & Drinking Places Furniture & Home Furnishings Gasoline Stations General Merchandise Stores Health & Personal Care Stores Miscellaneous Stores Motor Vehicle & Parts Sales Non-store Retailers Sporting Goods/Books/ Hobby/Music

Oct. 2015

Sept. 2015

445,189 28,563 20,923 8,131 57,370 53,681 8,695 35,962 56,063 26,972 10,990 90,836 40,188

430,150 27,422 19,199 8,231 55,451 50,310 8,721 35,677 52,316 25,935 9,969 91,586 38,198

437,277 27,808 20,117 8,400 56,122 50,161 8,254 44,942 54,645 25,971 10,572 85,699 38,170

% Change Sept. ’15Oct. ‘15 3.5 4.2 9.0 -1.2 3.5 6.7 -0.3 0.8 7.2 4.0 10.2 -0.8 5.2

6,815

7,135

6,416

-4.5

Oct. 2014

EST. 1869 For more information on research, contact Joe Riley, jriley@knoxvillechamber.com

Source: U.S. Census Bureau – Advance Monthly Retail Trade Report

K N O X V I L L E C H A M B E R | 50

Seminar to Examine Aspects of Female Leadership The next Women on the Rise to Shine professional development event, presented by SunTrust Bank, will be a lunch and learn seminar on Dec. 9 at the Gettysvue Country Club. Deborah Tegano will present “From the Inside Out: Innovation, Motivation, and Negotiation for Success.” Tegano is a managing partner of TREND Partnerships, LLC, a leadership and management training company committed to “helping good people become better.” “I titled this talk ‘From the Inside Out’ because I believe that is the way many of us make decisions in our lives, both personal and professional,” Tegano said in reference to her presentation. “What I am not sure about, though, is how aware we are of what that process really is, how it works for us or against us, and how it holds the potential to enrich and energize our lives.” The program will also examine ways for attendees to apply their skills as means to ne-

gotiate their way into successful positions and situations, while supporting mindsets that cultivate personal and professional fulfillment in a productive workplace. This discussion is rooted in the idea that women are natural listeners, which allows them to strengthen their ideas around mindful attention. “The small decisions we make all day long are part of how we stay motivated, move forward, and engage new directions,” said Tegano. “We negotiate all day long as well. Whether it’s about suggesting a new office protocol to improve efficiency or asking for a significant salary increase, being attentive to and conscious of our mindset is an important part of successful negotiation.” The “Women on the Rise to Shine” professional development series launched in October as a partnership between the Knoxville Chamber and SunTrust Bank. Focused on issues relevant to working women, the series presents women-centric programming in hopes of further developing female professionals. The event’s lunch and networking period will be from 11:30 a.m. to 12 pm. and the program will take place from 12 p.m. to 1 p.m. The cost to attend is $25 for members and $35 for non-members. To find out more information or to register for the event, please visit the Chamber’s website at www.knoxvillechamber.com. This article was contributed by Jessica Karsten, marketing and events assistant.

DECEMBER - MEMBER ANNIVERSARIES

Since 1869, the Knoxville Chamber has been the leading voice for business in the region. Each of these businesses are celebrating milestone anniversaries as Chamber members during the month of December. Thank you for your commitment to the Chamber and the community! 31+ YEARS

MEMBER SINCE

20 – 24 YEARS

MEMBER SINCE

The Tomato Head

1999 2000

Lamar Outdoor Advertising

1953

HG&A Associates, PC

1991

Threds, Inc.

McDonald’s Restaurants

1960

Read Window Products, Inc.

1991

Strategic Employee Benefit Services

2000

The Lilly Company

1967

Holston Hills Country Club

1991

B & T Distributing Company

2000

Waste Connections of Tennessee, Inc.

1967

Ijams Nature Center

1992

Adams Products

2000 2000 2000

Lawler-Wood, LLC

1975

Morris Creative Group, LLC

1993

Volunteer Ministry Center

Hodges, Doughty & Carson, PLLC

1976

The Willows Apartments

1993

CDM Smith

Workforce Connections

1979

Drain Construction Co.

1994

The E.W. Scripps Co.

1981

Office Furniture Outfitters, LLC

1995

Girl Scout Council of the Southern Appalachians, Inc. 1982

10 – 14 YEARS

MEMBER SINCE

Valliant Harrison Schwartz & Green

2002

South College

1983

15-19 YEARS

Fairfield Inn by Marriot - Knoxville East

2002

Kennerly, Montgomery & Finley, PC

1984

Blue Ridge Realty, Inc.

1996

Total Polish Solutions

2002

Office Depot

1998

Knoxville Ice Bears

2002

ModernTech Corporation

1998

Market Realty

2003

Custom Cellular Inc - An Authorized AT&T Retailer 1986

Home Federal Bank of Tennessee

1998

Cumberland Heights

2003

The Trust Company

1986

Bush Brothers & Company

1998

Emerald Youth Foundation

2004

Dogwood Arts

1987

Image Matters, Inc.

1999

Holiday Inn World’s Fair Park

2004 2004

25 – 30 YEARS

MEMBER SINCE

Berry Funeral Home - Greenwood Cemetery

1989

Phillips & Jordan, Inc.

1999

Pete’s Coffee Shop Restaurant

K-VA-T Food Stores, Inc.

1989

Jacobs Engineering Group

1999

Crowne Plaza Knoxville

2004

Kimberly-Clark Corporation

1990

Unity Mortuary

1999

Clayton Bank and Trust

2005

Talent Trek Agency

1990

LBMC Strategic Staffing of Knoxville, LLC

1999

TAC Air/Truman Arnold Companies

2005

The Florence Crittenton Agency, Inc.

1999

K N O X V I L L E C H A M B E R | 51

Lifetime Products Expands to Innovation Valley More than 100 people gathered at Legacy Parks Foundation on Nov. 20 to welcome Lifetime Products to Innovation Valley. Tennessee Gov. Bill Haslam, Economic and Community Development Commissioner Randy Boyd, Congressman John Duncan, Knox County Mayor Tim Burchett, and Lifetime Products President and CEO Richard Hendrickson were all on hand to announce the company will locate new manufacturing and distribution operations in Knox County. The leader in blow-molded plastic products will invest $115 million and create 500 jobs. “We spent over a year researching different locations on the East Coast. After meeting with local state and economic groups, Tennessee was obviously the best option,” said Hendrickson. “We are excited to facilitate the creation of U.S. manufacturing jobs and opportunities for the people of the Knoxville area and the state of Tennessee.” Lifetime’s new manufacturing and distribution operations will be located in the former GE building in Knox County’s East Bridge Industrial Park. Once renovations are completed, the building will be more than 700,000 square feet. The facility will produce Lifetime’s water sports line that includes kayaks and paddleboards as well as its outdoor children’s playset line. “I’m extremely grateful that Lifetime has chosen to locate its new manufacturing facility in Knox County,” said Mike Edwards, President and CEO of the Knoxville Chamber. “As a Chamber we strive to make Knox County as strong as possible which positions our community to win significant economic development projects such as this.” With this new facility, the company will be able to meet its customers’ increased demand for Lifetime’s products. Lifetime plans to have the facility operational by summer 2017. Lifetime Products is based in Utah and manufactures plastic folding tables and chairs, basketball hoops, outdoor sheds, kayaks, and paddleboards. Advanced technology and manufacturing is one of Innovation Valley’s target recruitment clusters. This article was contributed by Jessica Karsten, marketing and events assistant.

ABOVE: Knox County Mayor Tim Burchett, Lifetime Products President and CEO Richard Hendrickson, Governor Bill Haslam, and Economic and Community Development Commissioner Randy Boyd were all on hand to announce Lifetime Products would be establishing and East Coast manufacturing and distribution facility in Knox County. LEFT: Economic and Community Development Commissioner Randy Boyd helped to welcome Lifetime Products to Knox County.

Knoxville Hosts Inaugural Additive Manufacturing Conference Last month more than 500 industrial professionals attended the 2015 Additive Manufacturing Conference (AMC) at the Knoxville Convention Center. Innovation Valley was a sponsor at the inaugural conference, which focused on the future of industrial 3D printing and additive manufacturing. The two-day event was presented by Additive Manufacturing and Modern Machine Shop magazines, in partnership with Oak Ridge National Laboratory and Local Motors. There were 25 expert speakers on hand to discuss technical insights of additive manufacturing technologies and its impact and potential applications. “Innovation Valley is the 3D printing mecca of America, so it was a natural fit for the inaugural AMC conference to be hosted in Knoxville,” said Sharon Shanks, workforce development manager at the Knoxville Chamber. “It was important that our team was there representing the region and its partners, because building relationships with additive manufacturing companies not only helps us to recruit new businesses to the region,

but also allows us to help the existing industries in our region by making connections with the attendees and taking them back to the companies here to assist in bridging any operational gaps they might be experiencing in the field.” During the conference attendees were also able to tour ORNL’s Manufacturing Demonstration Facility, and Local Motor’s new Knoxville Microfactory. Participants were able to get an inside look at the innovative collaboration that produced the world’s first 3D-printed electric car and the replica Shelby Cobra that has been featured prominently in mainstream and trade media. Advanced technology and manufacturing with a concentration on carbon fiber and composites is one of Innovation Valley’s target recruitment clusters. This article was written by Kayla Witt, marketing coordinator for the Knoxville Chamber.

K N O X V I L L E C H A M B E R | 52

Regal Entertainment Group Expanding In South Waterfront Last month, Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd along with Regal Entertainment Group announced plans for the company to relocate its corporate headquarters to Knoxville’s South Waterfront. Regal, which operates the largest and most geographically diverse U.S. theater circuit, will also expand operations and create 75 new jobs in Knox County. “Regal is a company that could do business anywhere in the country, and when a company like Regal chooses Tennessee over the rest of the country it sends the message that we can and will compete with anyone, and we are grateful that they will be here for years to come,” said Gov. Haslam. The Regal Entertainment headquarters will occupy a nine-story, 178,000-square-foot building at the east end of the former site of Baptist Hospital along Knoxville’s rapidly redeveloping South Waterfront. The redevelopment will also include mixed-use space for luxury apartments, student housing, a hotel, retail shopping, and restaurants. “Regal Entertainment Group is one of Innovation Valley’s treasured corporate assets, and I could not be more pleased to see them continue to invest in Knoxville,” said Rhonda Rice, executive vice president of the Knoxville Chamber. The state of Tennessee, City of Knoxville, Knox County, TVA, the Knoxville Chamber, and the Development Corporation of Knox County all worked together to help secure Regal’s expansion in Knoxville. “This was truly a team effort, Team Tennessee! Everyone from the county, the city, the chamber and the state worked intensely together and with Regal to find a real win-win,” said Boyd. “This is great for Knoxville and the entire state to keep a company like Regal growing and prospering here. However, it is really a transformative moment for South Knoxville and the waterfront. It will be a foundation for years of continued growth.” For more information on the Regal’s expansion and other economic development news visit www.knoxvilleoakridge.com/news. This story was written by Kayla Witt, marketing coordinator for the Knoxville Chamber.

Tusculum College Hosts Networking Event Nearly 100 business people gathered at Tusculum College’s Knoxville Regional Center for a Business After Hours on Nov. 12. Attendees enjoyed mingling at the Centerpoint Boulevard location and learning about the programs offered by Tusculum. Leanne Hughes, vice president for enrollment management and marketing for Tusculum, spoke briefly about the college’s focus on non-traditional student enrollment and how they gear degree programs to the needs of companies looking to provide additional training to their employees. To learn more about Tusculum College, visit www. tusculum.edu. Will Varner of Hertz Equipment Rental, John Lawrence of Fanplicity, and Keith Garrett of Fifth Third Bank were the door prize winners, each taking home a goody bag from Tusculum College.

Cory Beilharz of Christian Brothers Automotive and Cory Alexander of U.S. Bank enjoyed networking at the Business After Hours at Tusculum College on Nov. 12.