Chamber Survey Reveals Positive Signs For Local Business Growth

Wednesday, January 09, 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.


248 Baker Donelson Attorneys Included In The Best Lawyers In America 2015 Listing

Baker Donelson announced that 248 of its attorneys have been selected by their peers for inclusion in the 2015 edition of The Best Lawyers in America.  Twenty-six of the Firm's attorneys were also recognized by Best Lawyers as "Lawyers of the Year," a designation given to a select group of individuals in high-profile specialties in large legal communities. Only a single ... (click for more)

Decosimo Director Of Forensic Accounting Bill Acuff To Serve As A Featured Presenter At 2014 GSCPA Southeastern Accounting Show

Decosimo, announced that Director of Forensic Accounting and Internal Audit Services Bill Acuff will be serving as a featured presenter during the 2014 Southeastern Accounting Show of Georgia Society of Certified Public Accountants, taking place Aug. 27-28, at the Cobb Galleria Centre. Mr. Acuff will be speaking on the second day of the event and his presentation, “Using ... (click for more)

5 Hamilton County Schools Designated As Priority Schools, 3 As Focus Schools

Five Hamilton County Schools have been designated as Priority Schools and three as Focus Schools. Priority Schools are the five percent of schools across the state with the lowest overall performance. Those from Hamilton County are Brainerd High School, Dalewood Middle School, Orchard Knob Elementary School, Orchard Knob Middle School and Woodmore Elementary School. Focus ... (click for more)

Man Robbed, Stabbed At Hixson Pike Bus Stop

A man was robbed and stabbed at a bus stop on Hixson Pike on Tuesday night. At approximately 9:30 p.m., officers were called concerning a robbery at 3800 Hixson Pike. Phani Tangirala, 22, was transported to a local hospital by HCEMS for treatment of a stab wound to the abdomen. Medical personnel stated that Mr. Tangirala appeared to have a non-life threatening wound to ... (click for more)

The Truth About Justice

The rallying cry in Ferguson Missouri has been "justice for Michael Brown." The question is what is justice? Justice is that the facts of the case are investigated thoroughly and regardless of the outcome of that investigation the family and friends of Michael Brown along with the citizens of Ferguson and this country need to accept the outcome no matter what it reveals.  ... (click for more)

Roy Exum: Chief Delmore: ‘You Blew It!”

Far more than 50,000 people, most police officers and law enforcement authorities, have gone to a website, “LawOfficer.com” to read a scathing letter that first appeared on Sunday. Veteran lawman Ed Delmore, who became the Police Chief in Gulf Shores, Ala., after a brilliant career as the “Top Cop” in St. Louis (which he still loves), has written what was entitled, “An Open Letter ... (click for more)