Tag Archives: farragut

Farragut Deemed ‘Most Business-Friendly’ TN City

News release from Beacon Center:
NASHVILLE – The Beacon Center of Tennessee, the state’s free market think tank, today announced the results of its annual ranking of the state’s 50 most populous cities. Founded as the Tennessee Center for Policy Research, the Beacon Center analyzes cities’ friendliness to business each year based on a number of factors.
This year’s Most Business-Friendly City is the East Tennessee town of Farragut. The city is the first to receive the distinction twice, having first been awarded the title in the Beacon Center’s inaugural rankings in 2006. Later this month, the Center will present Farragut officials with a plaque commemorating the honor.
The study, titled How Business-Friendly are Tennessee’s Cities?, scores each city in three categories that reflect a commitment to encouraging business success and fostering an entrepreneurial spirit. Those categories are Economic Vitality, Business Tax Burden, and Community Allure.
Farragut has consistently ranked toward the top, finishing first in 2006 and second in last year’s rankings. In 2011, its job performance and low tax burden give it the state’s most business-friendly climate.
“Farragut has maintained a solid commitment to low taxes and an inviting economic policy,” said the Beacon Center’s President & CEO Justin Owen. “The city’s dedication to business growth has paid off, leading it to the top of the business-friendly rankings in 2011.”
The city lacks a property tax, has a low crime rate, and has witnessed strong job growth compared to other cities. It finished first in the Business Tax Burden category with a perfect score, third in Economic Vitality, and eighth in the less-weighted category of Community Allure, pulling well ahead of the second ranked city of Brentwood. Franklin, Mt. Juliet, and Spring Hill round out the top five.
“This award is a reflection of Farragut’s commitment to creating a business-friendly climate free of stifling taxes and restrictive regulatory burdens,” Owen said. “We applaud the local elected officials and business leaders for earning the distinction as Tennessee’s Most Business-Friendly City for the second time in just six years.”
On the opposite end of the spectrum, Memphis, Brownsville, Martin, Dyersburg, and Tullahoma rank in the bottom five for business-friendliness in 2011.
The full report, along with the ranking of each of Tennessee’s 50 most populous cities, can be found at www.BeaconTN.org.

Marker of Admiral David Farragut’s Birthplace Given Away

The owner of what’s widely considered to be the birthplace of noted U.S. naval figure David Farragut says she has given away a 111-year-old marker honoring the admiral, reports the News Sentinel.
Lylan Fitzgerald, who owns the Stony Point property off Northshore Drive, said she had no other choice but to have the marker removed.
Fitzgerald said she has had problems with vandals and trespassers, both official and unofficial, ever since a group of local historians started to discuss the historic significance of the site a few years ago. She felt compelled to act.
“It’s a relief to me that it’s gone,” she said.
The Daughters of the American Revolution installed the stone in 1900, honoring America’s first admiral amidst much fanfare.
The marker is in the hands of a historic collector who appreciates it and will take good care of it, Fitzgerald said. Rumors that the marker was moved to Texas are “a distinct possibility,” she said.
West Knox County resident Margot Kline has been advocating development of a park or memorial at the site, which was deeded in 1796 to Farragut’s father, Spanish immigrant and Revolutionary War veteran Jorge Farragut.
Kline said she was very disappointed to learn the monument had been moved.
“It’s a big loss for our community,” she said.
Kline said a friend of hers noticed the missing marker when he was boating off Stony Point on Fort Loudoun Lake in August.
The site and the marker are extremely historic, worthy of recent consideration by the National Park Service for inclusion as a National Historic Landmark, she said.
“Farragut is one of the most important military figures in the history of this country. He is known around the world.” she said.
Farragut served during the Civil War. He died in August 1870 and is buried in the Bronx, New York.
At the dedication of the monument in 1900, parades were held, schools were closed and paddleboats carried visitors from Knoxville to the ceremony, attended by Admiral of the Navy George Dewey.
For at least 90 years, the public was allowed to visit the monument, possibly creating a “presumptive easement” that has since been disputed by Fitzgerald, Kline said.