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 April 28, 2015 07:33 GMT
ECONOMY-THE DAY AHEAD
WASHINGTON (AP) -- There are two major economic reports on today's schedule, as the Federal Reserve policymakers begin a two-day meeting to set interest rates.
The Conference Board releases the Consumer Confidence Index for April this morning. March saw a rebound in confidence thanks in large part to an improving job market.
Also this morning, Standard & Poor's releases its S&P/Case-Shiller index of home prices for February.
The Fed's latest policy meeting comes after a harsh winter slowed activity in a number of sectors and the rising value of the dollar curtailed exports. Most economists expect the subpar growth and low inflation will keep interest rates at record lows at least until September. But analysts caution against expecting any specific guidance on the Fed's timetable for a rate hike after it wraps up its meeting tomorrow. For 6 1/2 years, the Federal Reserve has held its key interest rate near zero.
On the earnings front, Aetna, Ford, Merck, Pfizer and UPS all report quarterly financial results before the market opens this morning. Twitter reports after the market closes.
ARCTIC OFFSHORE DRILLING-SEC CHALLENGE
ANCHORAGE, Alaska (AP) -- An ocean advocacy group and a university law clinic are petitioning the U.S. Securities and Exchange Commission for an investigation of Royal Dutch Shell PLC and what the group calls misstatements in regulatory filings regarding Arctic offshore drilling.
The petition was filed Monday by Oceana and the Abrams Environmental Law Clinic at the University of Chicago Law School.
The petition says Shell has not adequately disclosed risks of a catastrophic oil spill.
The petition also says the company claims litigation by drilling opponents threatens its Arctic drilling prospects but that the threat has not been fully disclosed to investors.
Shell hopes to drill this summer in the Chukchi (chuk-CHEE') Sea off Alaska's northwest coast with two drilling units.
Conservation organizations say Shell can't drill safely in the harsh, remote Arctic.
MONTPELIER, Vt. (AP) -- A Vermont law that could make the state the first in the country to require labeling of genetically modified food has been allowed to stand for now despite opposition by food industry groups.
U.S. District Court Judge Christina Reiss in Burlington on Monday ruled against the Grocery Manufacturers' Association and other industry groups in their request for a preliminary order to block the law from going into effect as scheduled on July 1, 2016.
The ruling comes nearly a year after Democratic Gov. Peter Shumlin signed the law, under which Vermont is expected to become the first state to require genetically modified organism, or GMO, food labeling. Connecticut and Maine passed laws earlier but required that neighboring states follow suit before they would take effect.
The Grocery Manufacturers Association was joined by the Snack Foods Association, the International Dairy Foods Association and the National Association of Manufacturers as plaintiffs in the lawsuit, seeking to have Vermont's law declared unconstitutional.
ATHENS, Greece (AP) -- Greece's prime minister is ruling out early elections if ongoing bailout talks with the country's international creditors fail.
In an interview with private Star TV, Prime Minister Alexis Tsipras said early Tuesday that he has no reason to hold a snap vote.
Tsipras was elected just three months ago on a pledge to alleviate economic suffering in the financially struggling country.
But Tsipras did not exclude seeking a referendum on the issue, adding that he is confident the marathon talks will result in an agreement.
WASHINGTON (AP) -- House and Senate GOP negotiators are sealing agreement on a budget blueprint that would enable Republicans to more easily target the Affordable Care Act while delivering an almost $40 billion budget boost to the Pentagon.
The emerging plan drops a controversial House proposal to radically overhaul the Medicare program. And, it eliminates the option of using a fast-track budget bill to target food stamps and Pell Grants. But the plan relies on deep cuts to domestic agency budgets and safety net programs for the poor to promise a balanced budget by 2024.
The measure is not yet finalized, but congressional aides familiar with its outlines say it'll likely be made official Monday or Tuesday and be ratified by House and Senate votes this week. The aides spoke on condition of anonymity because they were not authorized to speak on the record while talks are ongoing.
SAN FRANCISCO (AP) -- The iPhone is still the engine behind Apple's phenomenal success, even as its new smartwatch has gotten much of the attention in recent weeks.
While skeptics question whether the company's future is tied too much to one product, the iPhone's popularity was the reason Apple turned in another blow-out financial report Monday. Apple sold more than 61 million iPhones in the quarter, accounting for more than two-thirds of its $58 billion in revenue for the three-month period and the lion's share of its $13.6 billion in profit.
As expected, the numbers were down from the previous quarter, when holiday shoppers snapped up a record 74 million of Apple's new iPhone 6, 6 Plus and older models. But it was a 40 percent increase over the number of iPhones sold in the first three months of 2014.
Since it began offering models with bigger screens last fall, Apple has vied with South Korea's Samsung for the No. 1 position in the global smartphone market. By some estimates, Apple outsold Samsung in the quarter that ended in December, and analysts will be watching closely when Samsung reports its latest results this week.
NEW YORK (AP) -- ESPN is suing Verizon in an escalating clash over how the popular sports channel is being sold in a discounted pay-TV package.
The complaint filed Monday in New York's state Supreme Court alleges Verizon is breaching its contract with ESPN, owned by Walt Disney Co., by unbundling the sports channel from the main programming line-up of Verizon's FIOS TV.
Verizon is allowing customers to subscribe to a bare-bones package of 35 channels for $55 per month, with the option of adding other two other tiers of programming such as a sports package that includes ESPN.
ESPN argues that the pay-TV contracts require its channel to be included in the main programming packages sold by cable and satellite carriers.
Verizon says it is honoring its obligations while giving customers more choice.
Side RoadsTake a ride with Brian Smith to explore the unique people and places to be found along the Sideroads of the NewsChannel 9 viewing area.
The Good LifeCelebrating the events, adventures and activities that represent "The Good Life" in the NewsChannel 9 viewing area.
Closings and DelaysThese are the latest School and Business Closings reported to NewsChannel 9. If you see errors or need to add a school or business, call 423-757-7320.
Educator of the WeekNominate now for Educator Of The Week!
Deaf & Hard of HearingInformation provided to NewsChannel 9 by members of the Deaf and Hard of Hearing Community.
Sponsored EventsCheck Back Often for NewsChannel9 Sponsored Events!