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
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Last Update on June 30, 2015 17:39 GMT
ATHENS, Greece (AP) -- Greece's European creditors have been assessing a last-minute proposal from Athens for a new two-year rescue deal, but German Chancellor Angela Merkel is ruling out further negotiations before the country holds a referendum.
The country's international bailout program expires midnight central Europe-time. If no deal is reached, Greece will lose access to billions of euros in funds it needs to make a debt repayment to the International Monetary Fund.
Greece's prime minister Alexis Tsipras called the referendum on creditors' reform proposals for Sunday. If Greeks vote against the proposal, the country could slide into bankruptcy and be forced to leave Europe's common currency.
Earlier today, Greece's finance minister said the country would not make its debt payment due to the International Monetary Fund by midnight.
WASHINGTON (AP) -- Consumer confidence showed a solid gain in June following a modest increase in May, supporting the view that strong job gains are giving a boost to the overall economy.
The Conference Board says its consumer confidence index rose to 101.4 in June, up from a May reading of 94.6. The June level matches the level in March before the index took a tumble in April.
The index is now 17.4 percent higher than it was a year ago, evidence that the economy is poised to enjoy stronger growth in coming months.
WASHINGTON (AP) -- U.S. home prices increased at a solid clip in April, led by double-digit jumps in Denver and San Francisco.
The Standard & Poor's/Case-Shiller 20-city home price index rose 4.9 percent in April from 12 months earlier, roughly the same annual pace as March.
Strong job growth and low mortgage rates have prompted greater demand for housing, boosting home values. The continued gains are at roughly double the pace of wage growth, but current levels appear more manageable than the double-digit home price increases seen during parts of 2013 and 2014.
Prices in Denver climbed 10.3 percent, while home values in San Francisco rose 10 percent.
The Case-Shiller index covers roughly half of U.S. homes. The index measures prices compared with those in January 2000 and creates a three-month moving average. The April figures are the latest available.
SUPREME COURT-UNION FEES
WASHINGTON (AP) -- The Supreme Court will consider limiting the power of government employee unions to collect fees from non-members in a case that union officials say could threaten membership and further weaken organized labor.
The justices said Tuesday they will hear an appeal from a group of California teachers who say it violates their First Amendment rights to have to pay any fees if they disagree with the union's positions.
The teachers want the court to overturn a 38-year-old precedent that said unions can require non-members to pay for collective bargaining costs as long as the fees don't go toward political purposes. Public workers in half the states are required to pay "fair share" fees if they are represented by a union, even if they are not members.
ELECTRONIC BOOKS-ANTITRUST LAWSUIT
NEW YORK (AP) -- A federal appeals court in New York says Apple violated antitrust laws by colluding with publishers to raise electronic book prices in 2010.
The 2nd U.S. Circuit Court of Appeals in Manhattan ruled 2-to-1 Tuesday that a lower court judge was right to find Apple violated the laws to upset Amazon.com's control of the market.
The appeals court also agreed that Judge Denise Cote (koht) was right to order injunctive relief to ensure the Cupertino, California-based company didn't commit additional violations of antitrust laws.
An Apple lawyer did not immediately return a message for comment.
Cote ruled against Apple after a civil trial in summer 2013. She ordered the technology giant to modify contracts with publishers to prevent price fixing and appointed a monitor to review the company's antitrust policies.
CALAIS, France (AP) -- Striking ferry workers invaded the railroad tracks leading to the Eurotunnel linking France and England, and train service across the Channel was suspended until further notice on Tuesday.
Torching tires and blocking traffic, the French workers were protesting expected job cuts in the French port city of Calais linked to Eurotunnel's sale of its ferry service. Both freight and Eurostar passenger trains suspended service until further notice.
The Eurostar train service carries about 10 million people a year across the English Channel, with summer marking the height of tourist season.
An Associated Press photographer saw the striking workers swarm the tracks on Tuesday afternoon.
PARIS (AP) -- Two Uber France managers have been ordered to stand trial on behalf of the San Francisco-based company on charges including "deceptive commercial practices" and complicity in illegal activities linked to its low-cost ride-hailing service.
The Paris prosecutor's office said Tuesday that Thibault Simphal and Pierre-Dimitri Gore-Coty were taken into custody on Monday after a police sweep at Uber France headquarters. They will appear in a Paris court on Sept. 30.
French authorities say the low-cost UberPop service is illegal and are frustrated that Uber doesn't pay the same taxes and social charges as traditional taxis. Uber calls the French system outdated and says it needs reform to keep up with technological changes.
Claiming unfair competition, taxi drivers staged a violence-marred strike on the issue last week, blocking many French roads.
YOKOHAMA, Japan (AP) -- A new robot that raises its tail like a scorpion is scheduled to look at melted nuclear fuel inside one of the three wrecked reactors in Japan.
Toshiba Corp. is co-developer of the "scorpion" crawler that was demonstrated Tuesday. The company says the robot will venture into Unit 2 reactor's primary containment vessel in August.
Officials hope the robot can get a glimpse of fuel in the pressure vessel in the middle. The fuel hasn't been located exactly and studied because of the fatally high radiation levels nearby.
The difficult work of decommissioning the Fukushima plant damaged by the 2011 earthquake and tsunami will take decades.
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