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.



New Hamilton County Businesses

Here are the new business licenses from the County Clerk's office: 1016 ON NORTHSHORE LEOPOLDO  E ORMAZA SHORT TERM RENTAL 1016 MERONEY CHATTANOOGA TN 37405 3 MOVERS 1 TRUCK LLC MONTY  WILLIAMS MOVING COMPANY VARIOUS LOCATIONS CHATTANOOGA TN 37402 ACCESS CONTROL TECHNOLGIES, LLC SCOTT  UNDERBRINK LOW VOLTAGE INSTALLATION ... (click for more)

Chattanooga Chamber Calendar For Sept. 25-29

Here is the calendar for the Chattanooga Chamber of Commerce for Sept. 25-29: Tuesday, Sept. 26, Government Contracting: Managing the Maze to Get the Contract 9-11:30 a.m. BrightBridge Women’s Business Center: 535 Chestnut St., Ste. 161 Are you ready for government contracting? How to sell your products and services to federal, state and/or local governments. How to register ... (click for more)

State Finds Photos Of Guns Used In Lookout Valley Murders On Morse's Phone, But Defense Says It Got Evidence Too Late

Prosecutors said Monday that there were six photos on the phone of Derek Morse of guns tied to the murder of three people at a Lookout Valley trailer park. However, defense attorney Dan Ripper said the phone should have been checked out years ago - not on the eve of the trial. He said he got the photos last Monday - the day before jury selection began. Prosecutor Lance ... (click for more)

Opportunity Zone Begins Effort To Transform 12 Low-Performing County Schools

The Hamilton County Department of Education announced the new Opportunity Zone team that officials said "will ensure every student is post-secondary ready." The schools in this zone are: Brainerd High, The Howard School, East Lake Middle Academy, Dalewood Middle, Orchard Knob Middle, Barger Academy of Fine Arts, Calvin Donaldson Environmental Science Academy, Clifton Hills ... (click for more)

Titans Hide In The Locker Room

This Sunday, as has been widely reported, the Tennessee Titans and the Seattle Seahawks both chose to remain in their respective locker rooms during the playing of the National Anthem at Nissan Stadium.  Besides the fact that the NFL game operations manual has a rule regarding player behavior during the playing of the National Anthem which requires them to stand at attention ... (click for more)

Roy Exum - ‘Let’s Talk Real Life’

In mid-November of 2015, the Missouri football team very unwisely went on strike. A black student had refused to eat until a list of racially-based demands were met. Some on the football team were sympathetic and it quickly morphed into the biggest catastrophe in the annals of higher education. The university would lose hundreds of millions, athletic donations dropped 72 percent, ... (click for more)