INSIDE: Endeavor Summit Recap pg. 52 + Monthly Economic Indicators pg. 54
MEMBERSHIP MATTERS NEW MEMBERS & NEW PREMIER PARTNERS THE KNOXVILLE CHAMBER’S MONTHLY NEWSLETTER
CPR Choice (865) 548-1500 www.cprchoice.com Business & Professional Services Hyperion Networks (865) 622-7834 www.hyperionnetworks.com Computer & IT Services: Consultants
A-1 Certified Service, Inc. (865) 691-5088 www.a-1certifiedservice.com Construction & Contractors: Plumbing ABA Interventions (901) 517-8269 www.aba-interventions.com Healthcare Providers & Services Appalachian Concierge Services (865) 223-1447 Personal Services: Concierge Appalachian Environmental Equipment (865) 688-3566 Environmental Services & Equipment ATM Home Solutions (865) 607-2311 Construction & Contractors Bat N Rouge (865) 360-2504 www.batnrougebeauty.com Personal Services Bearden Beer Market (865) 851-8922 www.beardenbeermarket.com Food & Beverage: Beverages Cantrell’s Heat and Air (865) 687-2520 www.cantrellsheatingandair.com Building & Grounds Maintenance: HVAC and Climate Control
Edible Arrangements (865) 368-0899 www.edible.com Shopping: Specialty
Rocky Top Air - Heating, Cooling, Plumbing (865) 474-1511 www.rockytopair.com Building & Grounds Maintenance: HVAC and Climate Control Construction & Contractors: Plumbing Residential Services: Maintenance & Repair
Elkmont Exchange Brewery & Eating House (865) 249-7904 www.elkmontexchange.com Restaurants: Bars
ShredPro Secure (865) 986-5444 www.shredprosecure.com Business & Professional Services
Holifield Janich Rachal & Associates, PLLC (865) 566-0115 www.holifieldlaw.com Legal Services
Sons of Confederate Veterans (SCV) (337) 274-8474 www.camp87scv.org Associations & Organizations
Knox-Blount Maintenance, Inc. (865) 584-0025 www.knox-blount.com Business & Professional Services
SquareOne Restorative Health (865) 219-5926 www.s1health.com Healthcare Providers & Services
Madigan Periodontics (865) 670-7477 www.madiganperio.com Healthcare Providers & Services: Dentists
State Farm (615) 653-0124 www.statefarm.com Insurance
Manpower (865) 690-1468 www.manpower.com Employment, Career, & Staffing Services Marshall Cleaning Service (865) 414-9537 www.marshallcleaningservice.com Residential Services Netcinity - Genienne Sumner & Associates (865) 888-4600 www.netcinity.com Business & Professional Services: Advertising Media
Sunbelt Business Brokers of Knoxville (865) 964-7786 www.sunbeltnetwork.com/ knoxville-tn/ Business & Professional Services: Business Brokers Superior Stone TN (865) 247-7355 www.superiorstonetn.com Construction & Contractors: Remodeling Tranzonic (865) 314-4849 www.tranzonic.com Manufacturing: Paper
Promotional Angles (843) 729-8207 www.promotionalangles.com
Wild Eggs (865) 313-2735 www.wildeggs.com
Business & Professional Services: Marketing
TOP ACHIEVERS Top Achievers are recognized for their countless volunteer hours and dedication to the Ambassador Program’s mission of serving as an active volunteer extension of the Knoxville Chamber to cultivate, promote, and maintain positive relationships between the Knoxville Chamber, its members, and the community.
Accord Federal Services, LLC (865) 660-4231 Government Contractors
Direct Auto and Life Insurance (865) 293-3051 www.directgeneral.com Insurance
CHRISTA EARLY STAFFING SOLUTIONS AND RESOURCE ACCOUNTING
COLBY MCLEMORE COLBY’S PHOTOGRAPHY
EDITOR LYNSEY WILSON ASSISTANT EDITOR JESSICA GUTMAN DESIGN LADDY FIELDS CONTACT THE KNOXVILLE CHAMBER (865) 637-4550 www.knoxvillechamber.com PRESIDENT & CEO MICHAEL EDWARDS EXECUTIVE VICE PRESIDENT RHONDA RICE CLAYTON ECONOMIC DEVELOPMENT DOUG LAWYER FINANCE & OPERATIONS LARRY JOHNSON MEMBERSHIP MARK FIELD PUBLIC POLICY AMY NOLAN
2ND PLACE – TIE
BRONZE PREMIER PARTNERS
CORE BENEFITS & INVESTMENTS
CHEMAIN KELLOGG VISIT KNOXVILLE
CENTRAL BUSINESS IMPROVEMENT DISTRICT (865) 246-2654 email@example.com THE DEVELOPMENT CORPORATION (865) 546-5887 TENNESSEE SMALL BUSINESS DEVELOPMENT CENTER (865) 246-2663 LEADERSHIP KNOXVILLE (865) 523-9137 U.S. DEPT. OF COMMERCE EXPORT ASSISTANCE CENTER (865) 545-4637
ERICA COFFEY ZOO KNOXVILLE
Rick Laney Marketing, LLC (865) 300-4538 www.RickLaneyMarketing.com Business & Professional Services: Advertising Agencies
ANNUAL REPORT A L E T T E R F R O M O U R E X E C U T I V E A D M I N I S T R ATO R After celebrating the greatest economic growth since the inception of the Knoxville-Oak Ridge
company visits for every high school teacher in Roane County. In June of 2017, the Knoxville
Innovation Valley partnership, the region continued to excel during the 2016-17 fiscal year by
Chamber led efforts for teachers from 43 Knox County Schools to tour area businesses. The
placing emphasis on carbon fiber, composites, and workforce development.
Blount Partnership was awarded almost $1 million as part of the Tennessee Labor Education Alignment Program (LEAP) grant. The grant enables Tennessee students to participate in
CARBON FIBER AND COMPOSITES
technical training programs developed by area employers and encourages alignment between
Enthusiasm for the region’s carbon fiber and composites capabilities rose in 2016-17 with
local workforce and education partners.
companies like LeMond Composites, Magnum Venus Products, and HTS, Inc. choosing to locate or expand their local operations. The research and development opportunities offered
Career & Technical Education Externships – The Knoxville Chamber placed 20 Knox
by Innovation Valley’s premier technology centers and world-class research institutions contin-
County Schools’ CTE teachers into two-day summer job shadow experiences with their core
ue to attract companies from this important industry cluster.
The impact of these activities and other Innovation Valley initiatives is felt across the region.
Employers across the nation are experiencing skilled and experienced labor force shortages.
From July 1, 2016 to June 20, 2017, 1,568 new jobs were created, and $241.68 million in
This year, the Innovation Valley team began an aggressive strategy to close that gap in our
capital investments were secured due to efforts led by the regional economic development
region and cultivate a strong pipeline of emerging professionals.
Talent Pipeline Management - Last year, the Knoxville Chamber launched Talent Pipeline
As we move into a new year, I would like to express our appreciation in advance for your contin-
Management (TPM), an employer-led, demand-driven process that identifies the competen-
ued support of Innovation Valley initiatives and the economic growth of our community.
cies necessary for jobs, now and in the future. The program uses information gained through Sincerely,
employer collaboratives to guide area educational institutions in the development of a high-functioning talent supply chain. Educators in the Workplace - Educators in the Workplace, which links business leaders
Rhonda Rice Clayton
with educators, continues to thrive in its ninth year. In Oct. 2016, the Roane Alliance facilitated
Executive Administrator, Knoxville-Oak Ridge Innovation Valley
2016-17 FISCAL YEAR HIGHLIGHTS SEPTEMBER 6, 2016
OCTOBER 20, 2016
APRIL 12, 2017
NEW JOBS: 242 CAPITAL INVESTMENT: $125M
NEW JOBS: 200 CAPITAL INVESTMENT: $21.4M
NEW JOBS: 350 CAPITAL INVESTMENT: $22.5M
E X PA N S I O N S AUGUST 31, 2016
OCTOBER 28, 2016
DECEMBER 15, 2016
APRIL 21, 2017
NEW JOBS: 258
TOTAL NEW JOBS: 80
NEW JOBS: 70
NEW JOBS: 161
CAPITAL INVESTMENT: $4.8M
TOTAL CAPITAL INVESTMENT: $13M
CAPITAL INVESTMENT: $12M
CAPITAL INVESTMENT: $22M
W W W . K N O X V I L L E O A K R I D G E . C O M
Red Carpet Tour Touts Innovation Valley’s Assets BY: KAYLA SMITH
Last month members from the Knoxville-Oak Ridge Innovation Valley team traveled to the Tri-Cities region for the 2017 Northeast Tennessee Red Carpet Tour. Hosted in Bristol and Kingsport, the Red Carpet Tour aimed to showcase the region to eight of the top site selectors in America. The Knoxville Chamber, Blount Partnership, Greene County Partnership, NETWORKS Sullivan Partnership, and Northeast Tennessee Regional Economic Partnership were all represented during the two-day event. “We understand a regional approach to economic development is the most beneficial for a sustainable economy and growth,” said Doug Lawyer, vice president of economic development for the Knoxville Chamber. “Because of this, it is extremely important we continue to work with our partners across Northeast Tennessee and engage top site selectors, reminding them our region is the best place for business in America.” Participating site selectors were treated to tours of Eastman Chemical Co., roundtable discussions with area business leaders, and a presentation about the Innovation Valley region. The Red Carpet Tour concluded with VIP access to the Bass Pro Shops NRA Night Race at Bristol Motor Speedway.
Site selectors capped the weekend with VIP access to the Bass Pro Shops NRA Night Race at Bristol Motor Speedway, with an appearance on Colossus – the world’s largest outdoor, center-hung, video screen.
New ORNL Director Speaks with Chamber Premier Partners BY: JESSICA GUTMAN
Knoxville Chamber Premier Partners had the exclusive opportunity to hear from Oak Ridge National Laboratory’s (ORNL) new director, Dr. Thomas Zacharia, at a morning event on Sept. 8. Zacharia, who became laboratory director on July 1, 2017, first joined ORNL in 1987 as a postdoctoral researcher. He is now responsible for a diverse portfolio of science and energy developments, spanning fundamental research in physics, biology, and chemistry. “It really is a great privilege and an honor to be in East Tennessee,” he said. “It truly is an amazing privilege to lead Oak Ridge National Laboratory and the 5,000 or so smartest people who come to work every day.” Zacharia used his presentation to reintroduce the crowd to Oak Ridge National Laboratory and explain his vision for the future of the facility. “The reason why we all come to work every day, all 5,000 of us, is in order to make a difference,” he said. “We do that through fundamental scientific contributions. We do basic, scientific work that we translate into applied research, and we work with industries and our partners to have societal impact.” Interested in becoming a Knoxville Chamber Premier Partner? Contact Michelle Kiely at firstname.lastname@example.org.
Knoxville Chamber President and CEO Mike Edwards, ORNL Director Dr. Thomas Zacharia, and Chamber Board Chair Terry Turner at the Sept. 8 Chamber Premier Partner event.
2 0 1 7
Photos courtesy of Endeavor 2017 official photographer, Ben Moser, Moser Visuals
More than 500 of Knoxvilleâ€™s young professionals gathered in the Old City on Sept. 15 for the second annual Endeavor Summit. Spanning three venues on Depot Avenue, the day-long experience provided Knoxvilleâ€™s emerg-
ing leaders the chance to engage with their community and take ownership of their professional growth with compelling keynote speakers, breakout sessions, and a service-to-go project benefitting Zoo Knoxville.
1. Young professionals at Endeavor Summit 2017 make new connections in the guest lounge provided by All Occasions Party Rentals. 2. Knox County Mayor Tim Burchett takes a “shameless selfie” with Endeavor Summit emcee Sara Mitchell and Bill Lyons, deputy to the mayor and chief policy officer for the city of Knoxville. 3. Morning keynote speaker Hallerin Hilton Hill addresses young professionals at the Endeavor Summit. 4. Endeavor Summit participants had the chance to screen print their own t-shirt at ThePrintTruk. 5. Chris “Bash” Bashinelli, TV host and National Geographic explorer, delivers the afternoon keynote session. 6. More than 500 young professionals attended the annual Endeavor Young Professionals Summit. 7. Local artists Cody Swaggerty and Shane Sandberg present their Endeavor 2017 mural, created throughout the day-long summit, to Fulton County High School Principal Rob Speas. 8. The Endeavor Summit featured breakout tracks with multiple options, allowing for the creation of a custom schedule.
MONTHLY ECONOMIC INDICATORS
NOTES – Knoxville MSA includes: Anderson, Blount, Campbell, Grainger, Knox, Loudon, Morgan, Roane & Union Counties.
WORKFORCE* Resident Labor Force Knox Co. Knoxville MSA Tennessee U.S.
HOUSING MARKET % Change July ’16July ‘17
% Change June ’17July ‘17
236,380 417,230 3,210,300 161,911,000
235,310 415,320 3,195,900 161,337,000
239,340 423,490 3,184,900 160,705,000
0.5 0.5 0.5 0.4
-1.2 -1.5 0.8 0.8
8,740 16,760 132,800
8,810 16,920 133,800
9,980 19,490 155,200
-0.8 -0.9 -0.7
-12.4 -14.0 -14.4
3.7 4.0 4.1 4.6
3.7 4.1 4.2 4.5
4.2 4.6 4.9 5.1
0.0 -0.1 -0.1 0.1
-0.5 -0.6 -0.8 -0.5
Non-Ag Employment Knoxville MSA Tennessee
Residential Closings Residential Inventory Median Residential Price
Aug. 2017 2,784 6,564 $175,253
Unemployment Rates Knox Co. Knoxville MSA Tennessee U.S.
Sources: Tennessee Dept. of Labor & Workforce Development/U.S. Bureau of Labor Statistics
INFLATION RATES -
*Southeast Region Avg. U.S. Avg. Source: U.S. Bureau of Labor Statistics
% Change Aug. ’15Aug. ‘17 0.9 0.8
% Change July ’16July ‘17
Total Single-Family Multi-Family
July 2017* 38 20 18
July 2016 314 14 300
% Change July ’16July ‘17 -87.9 42.9 -94.0
Total Single-Family Multi-Family
157 139 18
425 125 300
-63.1 11.2 -94.0
Total Single-Family Multi-Family
291 261 30
524 207 317
-44.5 26.1 -90.5
Total Single-Family Multi-Family
2,508 1,810 698
2,688 1,669 1,019
-6.7 8.4 -31.5
Knox Co. Knoxville MSA Tennessee
% Change June ’17July ‘17
55,268,122 86,214,965 748,690,738
54,850,028 84,780,418 732,406,497
54,894,725 85,766,085 742,662,173
0.8 1.7 2.2
0.7 0.5 0.8
% Change Aug. ’16Aug. ‘17 3.5 8.2 1.5 -3.3 2.8 3.0 5.9 6.6 3.1 0.3 4.9 1.9 8.0 -1.7
AIR SERVICE (MCGHEE-TYSON AIRPORT)
May 2017 178,810 6,808,159
Apr. 2016 146,020 6,842,231
May 2015 163,598 6,770,146
% Change Apr. ’17May ‘17 22.5 -0.5
% Change May ’16May ‘17 9.3 0.6
Source: Metropolitan Knoxville Airport Authority
Local Sales Tax Knox Co. Knoxville MSA
*All 2017 building permit data is preliminary and therefore subject to revision throughout the year. Sources: U.S. Housing & Urban Development – SOCDS – State of the Cities Data Systems; U.S. Census Bureau – Building Permits Survey
*South – City Size Class B/C
SALES TAX REVENUE - STATE & LOCAL ($) State Sales Tax
1,681 8,561 $167,000
RESIDENTIAL BUILDING PERMITS
CONSUMER PRICE INDEX (CPI) - ALL ITEMS % Change July ’16Aug. ‘17
% Change Aug. ’16Aug. ‘17 65.6 -23.3 4.9
Source: Knoxville Area Association of Realtors
Unemployment Estimates Knox Co. Knoxville MSA Tennessee
July 2017 1,731 7,269 $179,900
% Change July ’17Aug. ‘17 60.8 -9.7 -2.6
Source: Tennessee Dept. of Revenue
RETAIL SALES - NATIONAL (IN MILLIONS OF DOLLARS) Category Total Retail Sales Building Materials Clothing Stores Electronics & Appliances Food & Beverage Stores Food Svcs & Drinking Places Furniture & Home Furnishings Gasoline Stations General Merchandise Stores Health & Personal Care Stores Miscellaneous Stores Motor Vehicle & Parts Sales Non-store Retailers Sporting Goods/Books/ Hobby/Music
489,851 32,530 22,589 7,851 60,273 57,106 10,073 39,593 57,487 28,017 11,473 105,140 49,847
476,699 32,652 20,698 7,436 60,587 57,220 9,405 38,477 56,068 26,683 10,757 102,362 47,775
473,169 30,078 22,248 8,122 58,607 55,467 9,513 37,157 55,753 27,922 10,938 103,208 46,147
% Change July ’17Aug. ‘17 2.8 -0.4 9.1 5.6 -0.5 -0.2 7.1 2.9 2.5 5.0 6.7 2.7 4.3
EST. 1869 For more information on research, contact Joe Riley, email@example.com.
Source: U.S. Census Bureau – Advance Monthly Retail Trade Report
Exhibitors, Networkers Score Connections at Schmoozapalooza XVII More than 750 business professionals crowded the Knoxville Expo Center on Aug. 31 for the Knoxville Chamberâ€™s tailgate-themed bash in the name of business, Schmoozapalooza. The festive affair is not your average networking event, offering attendees goody bags to fill, games to play, and food to sample along with countless opportunities to connect.
Event sponsors provided the following door prizes for the evening: Comcast Umbrella: Lorena Hubbard, Lawhorn CPA Group; Comcast Goody Bag: Bridgette Orr, Freedom Chiropractic; Rural Metro Subscription: Jessica Easterly, All Occasion Catering 32-in. television: Lora Cox, Gallaher and Associates; Yeti Cooler: Beverly Johnson, Green Village Green
From Top Left - 1. Ariana Shannon, Cirrus Insight, sketches caricatures for attendees at Schmoozapalooza. 2. Knox County Criminal Court won top, tabletop honors for their display that allowed attendees to take home their own mugshot. 3. Emily Stout, Gallaher and Associates, tosses a game of cornhole. 4. Exhibitors, like Above the Rest Balloon and Event Designs, infused fun into the event through their creative tabletop displays. 5. More than 750 business professionals filled Knoxville Expo Center for the Aug. 31 networking event. 6. Local restaurants and catering companies offered attendees a taste of their menu, serving bite-size snacks ideal for fall tailgates.
OCTOBER - MEMBER ANNIVERSARIES Since 1869, the Knoxville Chamber has been the leading voice for business in the region. Each of these businesses are celebrating milestone anniversaries as Chamber members during the month of October. Thank you for your commitment to the Chamber and the community! 31+ YEARS
The Southern Market
Sword & Shield Enterprise Security, Inc.
Ridgeview Terrace of Life Care
The Coal Creek Company
Vreeland Engineers, Inc.
BEST WESTERN PLUS Cedar Bluff Inn
Oak Ridge Associated Universities (ORAU)
Arnett, Draper and Hagood, LLP
Energy Control Consultants, Inc.
George Armour Ewart, Architect
Duo-Fast of Knoxville, Inc.
Community Television of Knoxville
Knoxville Convention Exhibition Center
J.J.B. Hilliard, W.L. Lyons, LLC
Y-12 Federal Credit Union
Worden, Rechenbach & Brooke
Knoxville Title Agency
Knox County Education Association
The Eye Group
Nyrstar Tennessee Mines
Bell & Associates Construction L.P.
Capital Resource Partners, Inc.
25 – 30 YEARS
10 – 14 YEARS
John S. James Co.
Ruth’s Chris Steak House
Tennessee Valley Authority
Heely Brown Company
Sysco Knoxville, LLC
Courthouse Retrieval Systems, Inc.
Conway Marketing Communications
CRI - Communication Resources Inc.
Knox Housing Partnership Home Ownership Center 2000
Archer Furrow & Associates
Project GRAD Knoxville, Inc.
Bristol Park Apartments
Corporate Quarters, Inc.
SalesManage Solutions, LLC
The Courtland Group, LLC
Foundry on the Fair Site
20 – 24 YEARS
Image Matters Hosts Annual, Florida-Week a.m. Exchange Volunteer fans and business professionals visited Image Matters Inc., 3017 Sutherland Ave., on Sept. 14 to create connections and cheer on the University of Tennessee’s Team 121 at the company’s annual, Florida-week a.m. Exchange. Attendees networked over breakfast provided by All Occasion Catering, and door prize winner Corey Thomas, Smith & Hammaker, left with a Brother printer courtesy of Image Matters.
The Image Matters team hosted its annual Florida-week a.m. Exchange on Sept. 14.
Protégés Prepared for Mentors BY: KAYLA SMITH
The 2017-18 Propel Mentor/Protégé cohort completed its seven-week boot camp, one of the program’s two required training sessions on Sept. 1. The first boot camp examined four key areas of operating a business: concept, operations, customer relations, and business processes. Utilizing the GrowthWheel curriculum, participants determined critical areas of focus for their respective organizations and devised a 30-60-90-day growth plan. After plans are finalized, protégés are paired with a mentor who guides them through the application of concepts learned during boot camp and leverages their professional experience to advise on potential next steps. “We are able to help our protégés grow through collaboration with our great partners, such as TSBDC, and through the support of guest mentors,” said Doug Minter, director of small business development for the Knoxville Chamber. “We are currently recruiting successful, leading organizations from our region who are willing to invest their time to assist these up-and-coming firms.” If you are interested in becoming a Propel Mentor contact Doug Minter, dminter@ knoxvillechamber.com. For more information about the Mentor/Protégé program, visit KnoxvilleChamber.com/mentor-and-protege-program.
WHAT PROTÉGÉS SAID ABOUT BOOTCAMP: “Bottom line - Propel Bootcamp meets each one of us where we are and builds a roadmap for us to become a company through hard work and discipline.” - Hasty Waste “I got wisdom, encouragement, resources, and direction. Wisdom to help understand what I don’t know and where my blind spots are!” - SmartFit Fitness
Ad Sales for Innovation Valley Guide Underway Knoxville-Oak Ridge Innovation Valley has partnered with Conway Publishing to produce the third edition of Innovation Valley magazine. The economic profile is a digital and print publication used to promote Innovation Valley’s business climate to a greater qualified audiences in domestic and international markets. For more information about the guide or to learn how your organization can advertise in this year’s edition, contact Kayla Smith at firstname.lastname@example.org or 865-246-2627.
The Knoxville Chamber was happy to give back and beautify the grounds at the Children’s Center of Knoxville for “Give a Day Knoxville,” a community-wide volunteer initiative that took place Sept. 2 - 8. 57
OCTOBER 4 Young Professional City Council Candidate Forum
4 – 7 P.M. • Jackson Terminal – 205 West Jackson Ave. Presented by:
Staymobile celebrated the grand opening of their first Knoxville location on August 28th. Staymobile provides products and services to enhance and sustain the mobile lifestyle on which consumers have become increasingly reliant. Staymobile is the industry leader in quality, affordable mobile device repairs with a lifetime guarantee on repairs. Staymobile provides accessories, same day repairs, and protection plans for your mobile devices. The store is at 6510 Chapman Highway.
OCTOBER 5 Manufacturers’ Breakfast Celebration 8 – 9 A.M. • Jackson Terminal – 205 West Jackson Ave. Presented by:
OCTOBER 24 Premier Partner Breakfast with UT Chancellor Beverly Davenport 8 – 9 A.M. • Knoxville Chamber – 17 Market Square, #201 Catering Sponsor:
B IB O
Networking Today Intl. celebrated its four-year anniversary on Aug. 17. They increase awareness of local businesses and stimulate the economy in the Knoxville area with unique networking opportunities.
C U T T I NG E
OCTOBER 26 Annual Meeting 7:30 – 9 A.M. • The Square Room - 4 Market Square
Interested in scheduling a ribbon cutting for your business? Contact Julie Massie at (865) 246-2606 for more information. 58
Published on Oct 5, 2017