New Future for The Enterprise Center in Motion
Tuesday morning, Chattanooga Mayor Andy Berke, in partnership with Hamilton County Mayor Jim Coppinger, announced The Enterprise Center (TEC) will shift their mission and structure to focus on growing Chattanooga’s innovation economy and addressing issues like access to technology for all citizens.
The announcement follows a report sent to Mayor Berke last week from the Chattanooga Forward task force recommending the “creation of an entity to explore creative strategies to utilize the community’s technological assets such as the high speed gigabit infrastructure.”
“As Chattanooga is becoming a leader in the innovation century, we must capitalize on the momentum of the Gig and our city’s entrepreneurial spirit,” said Mayor Andy Berke. “The Enterprise Center has carried out its vision since 2002, building lasting partnerships with research and technology leaders throughout the region. With this refocus in mission and direction, TEC can now meld its strong history of collaboration with the future of technology and innovation in our community.”
“The Enterprise Center has executed great projects in our community in the past. This is a great opportunity for us to revisit the mission of the organization and form new partnerships to help small businesses leverage technology to grow jobs in Hamilton County,” said Mayor Jim Coppinger.
In 2002, The Enterprise Center was created to lead technology-based economic development initiatives and to identify opportunities to coordinate transfer technology with the region’s research and technology partners including Oak Ridge National Laboratory and the Y-12 National Security Complex.
“It has been my great pleasure to be a part of TEC’s great work,” said Wayne Cropp, President of The Enterprise Center, who will move into a transitional role over the next few months. “Now, the Center is positioned to take on a new role as the hub for connecting the gigabyte as an economic development catalyst. While this approach is more narrowly focused on leveraging our digital assets and building our entrepreneurial community, it builds on the accomplishments of the past decade.”
TEC programs related to Renewal Community programs between 2002 and 2009 resulted in hundreds of jobs and over $50 million in total monetary impact in the region. TEC efforts helped spur development in the Main Street, Northshore and South Broad Street areas.
“I am pleased that Mayor Berke sees TEC as the place to pull together the creative and innovative talent in our community to make the Gig come alive. It is a recognition of the mission of TEC to be a catalyst for change,” said Jim Sattler, Chairman of the Board for The Enterprise Center.
As part of their revitalization program, TEC developed extensive experience in brownfield initiatives aimed at remediation and reuse. Eight clean-up projects have been completed with over 100 acres being made available for redevelopment.
TEC also worked to facilitate the planning of potential high speed rail connecting Atlanta-Chattanooga-Nashville. Cropp will ensure that these projects are successfully completed or transitioned to other entities before new leadership is appointed in the coming weeks.
“As a past board chair of The Enterprise Center, the decision by Mayor Berke continues a critical partnership between the city and TEC. We were created to be a coordinator for technology and Mayor Berke’s approach to innovation rejuvenates our mission,” said Jim Hall, former chairman of the National Transportation Safety Board.
A team has been named to guide the transition of TEC over the coming months, including selecting new board members and a president for the organization. The transition group will work with stakeholders to review TEC bylaws, structure, strategic plan, and projects to ensure a smooth transition.
“We envision this will be a short process, so that a newly focused Enterprise Center can hit the ground running and capitalize on all the opportunity for the gig and the potential for Chattanooga in the innovation economy” said Sydney Crisp, Unum's Vice President for Global IT Infrastructure and Risk Management, who also serves as a member of TEC's transition team.
The TEC transition team includes:
-- Kristina Montague, The Jump Fund
-- Ted Alling, Lamp Post Group
-- Ken Hays, Kinsey, Probasco & Hays
-- David Belitz, Chattanooga Renaissance Fund
-- Sydney Crisp, Unum
-- Sarah Morgan, Benwood Foundation
More Business News
Last Update on October 02, 2015 17:45 GMT
WASHINGTON (AP) -- U.S. hiring slowed sharply last month and previous job gains were revised lower amid a broad slowdown in the global economy.
The Labor Department says employers added just 142,000 jobs in September as manufacturers and oil drillers shed workers. Hiring in July and August was revised lower by 59,000.
The unemployment rate remained 5.1 percent, but only because more Americans stopped looking for work. The proportion of Americans working or searching for jobs fell to a new 38-year low.
Average hourly wages also slipped by a penny and have risen a tepid 2.2 percent in the past year.
U.S. consumers are spending at a healthy pace, boosting job gains in sectors like retail and hotels and restaurants. But lackluster growth overseas has sharply reduced exports of factory goods.
WASHINGTON (AP) -- Orders to U.S. factories fell in August by the largest amount in eight months, led by a drop in demand for commercial airplanes and weakness in a key category that tracks business investment spending.
The Commerce Department says factory orders declined 1.7 percent in August after a slight gain of 0.2 percent in July. It was the biggest setback since orders dropped 3.7 percent in December.
Demand in a key category that serves as a proxy for business investment slipped 0.8 percent in August, following solid gains of 1.9 percent in July and 1.5 percent in June.
Manufacturing has been under stress this year as a strong dollar has hurt export sales. The big fall in energy prices has also resulted in cutbacks in investment by energy companies.
NEW YORK (AP) -- Wal-Mart has laid off 450 workers at its headquarters as the world's largest retailer attempts to become more nimble to compete with the likes of Amazon.com.
There are about 18,000 people who work at the headquarters Bentonville, Arkansas. The cuts were across all areas, from finance to global e-commerce. The company says that the employees were spoken to individually early on Friday.
The cuts follow months of rumors about job headquarters cuts and they were announced a month and a half after Wal-Mart cut its annual earnings outlook.
BERLIN (AP) -- Volkswagen subsidiary Audi says customers in Germany can now go to its website to see if their vehicles are among those installed with software that the company says was used to manipulate U.S. emissions testing.
Audi said Friday that customers in Germany could enter their car's serial number on the www.audi.de site to see if their car is affected. Audi says the function will be extended worldwide over national Audi sites in the coming week.
The company says customers can also go to Audi dealers to check on their vehicles, and that a fix will be presented to authorities in October.
Affected are some 2.1 million Audis with the 1.6 or 2 .0 liter TDI diesel motors with the designation EA 189 that are approved for the EU5 emissions standard.
BERLIN (AP) -- A German industry group says that German car exports were up 7 percent in September compared with a year earlier, while new registrations of cars at home climbed 5 percent.
The VDA group said Friday that German manufacturers exported 417,800 cars last month. It didn't give a breakdown of the destinations but pointed to rising demand elsewhere in western Europe.
In Germany itself, registrations of both German-made and foreign-branded cars climbed 5 percent to a total 272,500. VDA said that new registrations of diesel cars accounted for about 47 percent of the total and were up 8 percent.
The group didn't break down the number of cars sold at home and exported by individual manufacturers. News of the Volkswagen diesel emissions-rigging scandal in the U.S. emerged Sept. 18.
TEHRAN, Iran (AP) -- Iran's state TV is reporting that Royal Dutch Shell and France's Total will be the first foreign companies to be allowed to operate gasoline stations inside Iran.
The Press TV English-language channel quotes the head of Iran's filling stations union, Bijan Haj Mohammadreza, as saying 100 new licenses have been issued to each company.
Until now, the only retail service stations belonged to the National Iranian Oil Products Distribution Company.
The agreement comes after Iran and world powers reached a deal in July that curbs the Persian country's disputed nuclear program in return for the lifting of international economic sanctions.
PROVIDENCE, R.I. (AP) -- A regulatory agency says the nation's first offshore wind farm has experienced safety and welding problems and regulators are closely monitoring construction.
Deepwater Wind is building a five-turbine wind farm off Block Island, Rhode Island.
Inspection reports cite near misses with dropped objects, personnel working under suspended loads, the use of older cranes poorly suited to the environment and the repeated failure of rigging equipment.
The Rhode Island Coastal Resources Management Council says the safety problems have been addressed.
It's working with Deepwater Wind to ensure the problem with the welding process is only a paperwork issue. The welds passed inspections.
Deepwater says it's confident in the project's progress.
Construction began in July. The wind farm is expected to generate power by the end of 2016.
PORTLAND, Maine (AP) -- Some fishermen say Maine regulators' plan to place new restrictions on the scalloping industry is the right way to ensure the fishery keeps rebuilding.
Maine's meaty scallops are prized in restaurants and fish markets. Fishermen caught more than 4.9 million pounds of the scallops last year, up from less than 700,000 pounds five years earlier. Catches sometimes topped 10 million pounds in the 1990s.
Fishery managers say the scallops need additional protections along the state's southern coast. They want to close some spots to fishing and reduce the number of fishing days from 70 to 60 in the area.
Portland-based scallop fisherman Alex Todd supports the restrictions. He says fishing pressure on scallops is up because prices have been high.
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