Cash Mobs To Hit Downtown Chattanooga

Wednesday, February 6, 2013

Cash Mobs are slated to spring up throughout downtown in 2013. The philosophy of a Cash Mob is to organize a group of people to patron a local, small business on a designated day with a purchase around $20. This denomination can change depending on the business but is always a reasonable amount for the average shopper to contribute.

 

The location of the Cash Mob is kept secret and revealed either the night before or the day of the event via social media.

Encouraging individuals to shop local, Cash Mobs allow the designated business to receive a boost in sales and innovative marketing to further publicize the store, attract new customers and foster potential returning customers.

 

This program, which River City Company will spearhead in 2013, further endorses downtown as a retail destination. Blair Waddell, River City Company’s Retail Recruiter stated that “Cash Mob is a great way to support our local businesses. Our community is able to come together and rally behind stores and shops that make our city and downtown so unique. A win-win for both stores and customers, Cash Mobs provide additional revenue for the store and customers walk away with rare treasures that can only be found in downtown Chattanooga.”

 

Steve Hiatt, Director of Existing Business Development for the Chattanooga Area Chamber of Commerce, states “Current businesses should look for effective ways to expand their brand and reach new customers. A Cash Mob is a memorable tool for doing just that and encourages Chattanoogans to support our established businesses.” 

 

Four Cash Mobs are scheduled in 2013. The first will be Tuesday, Feb. 12 with subsequent Cash Mobs in April, June and August. All Cash Mobs will be announced via the Chattanooga Downtown Facebook page,www.facebook.com/chattanoogadowntown, and Twitter page, @DowntownCHA, that River City Company operates.


First Horizon Declares Quarterly Dividends

First Horizon National Corporation, parent company of First Tennessee Bank, board of directors has approved payment of a quarterly cash dividend on its common stock of $.07 per share. The dividend is payable on Oct. 3 to the common shareholders of record on Sept. 9.   The board also approved payment of a quarterly cash dividend of $1,550 per share on First Horizon’s Non-Cumulative ... (click for more)

Chattanooga Women's Leadership Institute Celebrates 20th Anniversary

The Chattanooga Women’s Leadership Institute is celebrating two decades of building a more female-inclusive culture in the Chattanooga business community by hosting a 20th anniversary celebration on Aug. 23.  Formed in 1996 with seven members, CWLI is a local nonprofit organization that provides mentoring, training and leadership development to more than 500 businesswomen ... (click for more)

$30 Million Development Planned At King And South Market; Will Include Hotel, Condos, Offices, Retail, Possible Restaurant

A new $30 million development is planned for the Southside at King Street and South Market. Nick Wilkinson, city deputy director for economic development, said it will include a hotel, condos, offices, retail and possibly a restaurant. It could also include some light industry. A storage building and a parking lot are now at the site. He said the developers plan to reuse ... (click for more)

Investor In Scheme Says Dyer Made Contacts At Quarterback Club

One of the investors who was a loser in an investment scheme recently halted by the Securities and Exchange Commission said one of the Chattanooga brokers involved made many of his contacts through the Chattanooga Quarterback Club. Paul Smith, former Hamilton County Democratic Party chairman, said Doug Dyer has been the president for many years of the club that promotes UTC and ... (click for more)

Expand Broadband Internet, Not The Size Of Government

I’d like to respond to two letters in your July 13 edition that praised Rep. Mike Carter’s efforts to expand statewide broadband access. Rep. Carter wants more government involvement in the broadband sector, including an expansion of taxpayer-funded, municipal broadband networks.  Rep. Carter’s supporters argued he’s standing up for consumers against huge telecommunications ... (click for more)

Roy Exum: Our Horses Vs. DesJarlais

It is well-known that shortly after the despicable “Big Lick” faction of the Tennessee Walking Horse industry put on a very-pointed fundraiser for the equally repugnant Congressman Scott DesJarlais (R-Jasper) two years ago, the misguided doctor has repeatedly tried to bully and strong-arm the U.S. Department of Agriculture on the behalf of the vermin who sadistically torture the ... (click for more)