Chamber Survey Reveals Positive Signs For Local Business Growth

Wednesday, January 9, 2013

More than half of companies surveyed by the Chattanooga Area Chamber of Commerce last year plan expansions that could create more than 1,200 new jobs and over $130 million in new capital investment, according to the recently-published Chattanooga IQ report for 2012.

Chattanooga IQ offers a snapshot of the status of existing business, as well as the community’s strengths and weaknesses from the perspective of local companies. Conducted by the Chattanooga Chamber’s Business Retention and Expansion Visitation (BREV) team, the report reflects the aggregate responses of 100 area businesses the Chamber and its volunteers surveyed between the months of March and July in 2012 about various local economic indicators.

Results are assessed using the award-winning Synchronist Business Information System and can be viewed in full at www.chattanoogachamber.com/media/chattanooga-iq.pdf.

“The 2012 assessment may be very good news indeed, considering actual job creation by existing companies far outpaced the projected level companies reported in the last Chattanooga IQ study,” said Steve Hiatt, director of Existing Business Development for the Chattanooga Chamber. “When we published Chattanooga IQ in 2010, responding companies hoped to create 1,151 new jobs. Since then, the Chamber has assisted existing companies in creating 2,560 new jobs.”

In addition, 86 percent of responding companies in 2012 indicated a favorable growth outlook and 77 percent reported they would be more likely to expand in Chattanooga than elsewhere because they view Chattanooga as a good place to do business for a range of reasons.

The Chattanooga Chamber also asked existing companies that participated in the survey to name their greatest achievement within the last five years. Increases in revenue topped the list with 35 of 100 companies reporting “Business Growth” or “Sale Increase” as their biggest success. Nearly 30 companies reported their greatest achievement was overcoming business challenges.

The majority of respondents considered local workers “above average” in “availability,” “quality” and “stability,” but scored the area workforce highest in “productivity.”

Members of the 2012 BREV team include Julie Alcantara, Sheile Brooks, Kara Van Brunt,Dan Gilmore, Glynn Hodges, Lori Jenkins, Heather Jones, Jon Kinworthy, Celeste Longwith, Blake Poole, Pat Mahery, Calvin Marshall, Pete Metcalfe, Chris Murphy, Anne Najjar, Bonnie Phillips, Leif Ramsey, David Rhea and Mical Traynor.

The Chattanooga Chamber publishes Chattanooga IQ every two years. It serves as a briefing for local business people about the trends and perceptions that are shaping the local business environment. For more information about Chattanooga IQ or the support the Chattanooga Chamber provides to existing companies, please contact Lucky Rouse at lrouse@chattanoogachamber.com.



Baker Donelson Announces Melanie C. Walker Elected Shareholder

Baker Donelson has elected 11 new shareholders across the firm, including Melanie C. Walker of the firm's Chattanooga office.  This year's class of new shareholders is comprised of more than 50 percent women, making it the fourth consecutive year women have made up nearly or more than half of the firm's newly elected shareholders. Additionally, nearly half of the new shareholders, ... (click for more)

Walden Security To Hold Job Fair May 8 In Dalton

The Georgia Department of Labor will help Walden Security recruit workers for the Dalton, Chatsworth, Cartersville and Adairsville areas.    The event will be held May 8 from 8:30 a.m.-4:30 p.m at the Dalton Career Center, 1406 Chattanooga Ave. in Dalton.   The company is recruiting security officers. Various shifts are available.      Job ... (click for more)

Chattanooga Police Arrest Robbery Suspects Within Hours Of Holdup; Citizen Takes Quick Photo Of Suspect Vehicle

Chattanooga Police officers arrested two suspects involved in an armed robbery within hours of the incident. Officers responded to an armed robbery call at 5966 Brainerd Road  at 1 p.m. on Wednesday. The victim told police she was exiting her vehicle when she was approached by a white male pointing a handgun at her demanding her purse and cell phone. The victim ... (click for more)

WACKER-Charleston Taking Initial Steps To Restart Polysilicon Production After Explosion Shut Facility Last September

WACKER-Charleston announced Thursday it has resumed operations for the production of polysilicon. Using a phase-in approach, WACKER has begun the initial start-up of the site, beginning with distillation. The initial production of polysilicon is targeted to begin in the next few weeks. WACKER anticipates the Charleston site will reach full capacity in the fourth quarter ... (click for more)

Keep The Gifted Program In The Hamilton County Schools - And Response (2)

I currently have a daughter in fourth grade at Lookout Valley Elementary and a daughter in the eighth grade at Lookout Valley Middle High School. Both of my daughters are very good students, as well as being very good people. I am writing today with a concern. I was made aware that the Hamilton County Department of Education is considering cutting the gifted program ... (click for more)

Roy Exum: Remarkable Diane Black

As I was introduced to Tennessee gubernatorial candidate Diane Black on Thursday afternoon, I told her that one of my favorite stories is about her when she was a young, single mother in Baltimore. Her nursing job required her to sign on no later than 6:30 a.m. for work in the emergency room each day but … she had to bathe, dress, and feed her three infants and get each to a different ... (click for more)