Specialty chemicals maker Eastman Chemical Co. on Wednesday signaled a long-term commitment to East Tennessee with announcement of $1.6 billion plan to modernize its Kingsport, Tenn. facility
The investment will be made over the next seven years and create 300 new jobs, company and state officials said in a news release.
The so-called Project Inspire initiative will include investment in “new growth opportunities, safety and environmental projects, increased warehouse capacity, building renovations and expansion of its corporate campus,” according to a news release.
Xinergy shareholders on Wednesday endorsed management’s
nominees for the company’s board of directors, but defeated resolutions that
would have awarded CEO Matt Goldfarb options to buy more than a half-million
shares of company stock.
Goldfarb easily held onto his board seat, but the 32.1 percent of
shareholder votes withheld from the CEO were easily the largest such “no” votes
for director candidates, according to a news release.
Directors Stephen Loukas and Jay Thornton were relected with
votes at 21.7 percent and 18 percent of withheld votes, respectively.
Two separate resolutions that would have given Goldfarb
stock options were rejected by shareholders.
Small business owners gave Tennessee good marks for supporting
small businesses in a new national survey.
Tennessee earned a B+ in the “Small Business Friendliness
Survey” released Tuesday by Thumbtack.com, a website that offers to connect
consumers and businesses.
“Tennessee ranked among the top states for its support of
small businesses,” Sander Daniels, co-founder of Thumbtack.com said in a news
release. “Our research points to the importance of clear and consistent
regulations in creating a friendly environment for entrepreneurs, and this is
exactly what Tennessee delivers.”
Regal Entertainment Group is bringing a new level of “luxury
amenities” to the movie-going experience.
In Atlanta at least.
Every seat in a new theater that will open next year near
Atlanta “will be a luxury recliner that
includes a footrest for added comfort and a convenient table area for dining,”
according to a news release.
Food offerings will “feature restaurant-quality food and
drink selections as well as traditional cinema snacks.”
But wait there’s more. Even the lobby will offer luxury
amenities, Knoxville-based Regal said.
Green Mountain Coffee Roasters shares are soaring today on
news of a renewed deal with coffee giant Starbucks.
Green Mountain Coffee
Shares were up more than 24 percent at midday to $73.90.
Green Mountain has a sizable presence in Knox County with
about 900 employees and a roasting and distribution plant in Forks of the River
Industrial Park, according to the Knoxville Business Journal Book of Lists.