Knoxville is in the running for a company that could potentially invest $1 billion and create thousands of new jobs, Knoxville Chamber Chairman Michael Strickland said Thursday.
The chamber is competing “right now for a huge company with huge federal funding that is looking at us, Virginia and Texas,” Strickland said in remarks at the chamber’s annual meeting at Cafe 4 on Market Square.
Initially the unidentified company could employ 1,000 workers and in five to 10 years the company has the potential for 5,000 to 10,000 workers, Strickland said.
The Knoxville Chamber has cranked up a new Web campaign to build support for the controversial Midway Business Park proposal.
Now, when you visit the Chamber’s website, the first page that loads is a green and blue “Support the Midway Business Park” graphic that links to a new website — www.midwayfacts.com.
Midwayfacts has detailed information about the proposed business park, including why the Chamber supports the project and a chart that compares the amount of industrial property available for development in Knox County and other communities in the region.
After years of trying, Eastman Chemical finally has found a way to make money off its PET business — sell it.
The Kingsport, Tenn.-based company announced on Monday it is selling its “PET business and related assets and technology of its Performance Polymers segment” for $600 million to DAK Americas LLC, a subsidiary of the Mexican conglomerate Alfa.
PET, or polyethylene terephthalate, is used in synthetic fibers and food and drink containers.
For those looking for something weirdly different to put under the tree this Christmas, how about a pair of Bernie Madoff slippers. Or maybe you would prefer a 1917 grand piano once owned by the scam artist himself.
Velveteen slippers, a Steinway and Sons piano and a 10.5 carat ladies diamond ring are among the Madoff stuff that will be sold by the U.S. Marshals Service next month. Proceeds go to his victims.
If you were holding out for one of Bernie’s homes, it’s too late. They’ve all been sold.