The Chattanooga economy has received some very positive signs in the last several days.
Even with employment in Chattanooga currently close to the very high national average, signs of new growth are
encouraging
Reviewing the recent story lines in the Times Free Press reveals postive stories that bear out a trend of economic recovery in the Chattanooga area.
Chattam, a local consumer products manufacturer, has seen its stock price jump as investors take note of its rising sales and profits. The article reports that the company's top 4 brands, Gold Bond, ACT, Icy Hot, and Cortizone-10, are having strong sales. The article reports that the company is planning an $18 million expansion that will employ over 60 additional people.
The Volkswagen plant of course is big news in Chattanooga.Plant construction is moving along well. This week VW representatives held a gathering for potential suppliers. Plans now are to have a high percentage of supplier plants on site and locally in Chattanooga. About 100 VW suppliers gathered to hear VW expectations for its new plant in Chattanooga.
Southern Fabrication Contractors, another local company, announced it received the contract for installing equipment support steel for the VW plant. Contract terms were not announced but it is very good for the Chattanooga employer and community.
Another local company, CBL, a locally based commercial property developer and management company, announced the grand opening of The Promenade, a 700,000 square foot shopping center in D'Iberville, Mississippi. The first phase is opening with 96% of the commercial space leased or committed. The shopping center is the largest project in the Mississippi Gulf Coast since Hurricane Katrina.
Another local company, eSpin, a leader in nanofiber technology, announced it has received the license to provide dry wipes for use at Department of Energy nuclear energy facilities. These wipes replace wet wipes and are more effective and require no other chemicals to clean. The company hopes to offer similar products for general consumer use.
These headlines are strong, tangible evidence of new economic growth in Chattanooga.
The headlines tell me, Good things are happening.|
Thank you for visiting. This is the professional blog for |
|
Richard Smith Conventional, FHA, FHA 203k, HUD $100 down purchases, VA, Jumbo VA, Rural Development, Jumbo, FannieMae Homepath, Home Equity Line of Credit (HELOC). |
|
Stearns Lending, Inc |
|
Cell phone: 423-280-0345 Email: Richard@HomeLoansChattanooga.com |
|
Visit my website: www.RichardSmithHomeLoans.com To inquiry about a home loan Begin Here |
|
Read my most recent articles in Scotsman Guide. |
|
This blog represents the opinions of Richard Smith. The posts and comments written on the blog do not represent the opinions or positions of Stearns Lending, Inc. |
Hello Richard,
My husband and I spent last week on a trip that took us right by your fair city. What a wonderful river location and setting for your home. We did take great notice of all the highway work and building going on from Cincinnatti all they down to Birmingham. Looks like things are starting to bustle there. I hope it's good news for the long haul.
Cathy,
Thanks for the good words. The SE is an attractive location now for many businesses. Chattanooga in particular is a great place. The river certainly one of the key attractions.
You were a good bit away from home. I hope your trip was great fun.
Richard
Hi Richard. An excellent report. I followed your link on e-spin and this is a quite a company. Its nano technologies are impressive. Imagine fiber at the cellular level.
William
In researching the post, I was very impressed also with that company. Very perceptive of you. It is exciting for me to think that we have such innovation in Chattanooga.
It seems to me that the new jobs will be from new technology.
Thanks,
Richard