Business news

FRANKLIN, Tenn. (WMOT)  --  Middle Tennessee’s housing market is white hot right now, and Williamson County is no exception.

The county Realtor’s Association reports that homes are typically selling in less than 30 days for an average price of just over $459,000.

Tim Thompson of Premier Realtors has been selling real estate from his downtown Franklin office for well over two decades. He says multiple offers and bidding wars are pretty routine.

MURFREESBORO, Tenn. (WMOT)  --  After rising for several months there was a bit of a hiccup in the Tennessee Business Barometer this past month.

Middle Tennessee State and the Tennessee Chamber of Commerce conduct the survey of business leaders quarterly.

NASHVILLE, Tenn. (WMOT)  --  A new study indicates Tennessee’s non-profit arts community adds more than a billion dollars and some 38,000 jobs annually to the state economy.

The Tennessee Arts Commission released the study which looked at arts impact in 341 communities in 19 states. Arts Commission Director Anne Pope says a major piece of that revenue comes from the live performances staged by Tennessee’s ballet companies, theater groups, orchestras and other arts venues.

Study says Tennessee's major cities poorly managed

Jul 14, 2017

NASHVILLE, Tenn. (WMOT)  --  Are Nashville residents getting their money’s worth from Metro Government? A new study by says no.

Wallethub analyst Jill Gonzalez says the report ranks the nation’s 150 largest cities by comparing 33 quality of service indicators.

“From infrastructure to safety, education, economics. So the better quality of the services and the lower the budget really the most ideal number or score you can get here.”

Tennessee jobless rate hits 20 year low

Jun 26, 2017
Tenn. Dept. of Labor

NASHVILLE, Tenn. (WMOT)  --  The Tennessee Department of Labor says all fourteen counties in the Nashville Metropolitan Statistical Area now enjoy well under 4 percent unemployment.


Williamson County continues to have the lowest jobless numbers, standing at 2 percent for the month of May. Davidson County just a tenth higher at 2.1 percent.


The statewide rate currently stands at 4 percent. That’s the lowest jobless count Tennessee has seen in 20 years.

  NASHVILLE, Tenn. (WMOT)  --  A new study lists Nashville as a great destination for college grads looking for work.


The financial tools website compared the nation’s 108 largest metro areas looking at the local job market, affordability, and the fun factor for each city.


Nashville came in a healthy third on the list. That's up from the number 12 position last year.


SmartAsset’s A.J. Smith says college grads need to be intentional about where to live and work.


Google Finance - Yahoo Finance - MSN Money

FRANKLIN, Tenn. (WMOT)  --  There's still more trouble for the Franklin based health care giant Community Health Systems. CHS is one of the nation’s largest for-profit hospital operators with 146 hospitals in 21 states.


On Monday, a Spokane, Washington, based foundation filed a lawsuit against CHS alleging breach of contract. Empire Health says CHS has failed to provide the level of indigent patient care promised when it bought two Spokane area hospitals in 2008.

  MURFREESBORO, Tenn. (AP) — A new economic report shows housing prices are increasing across the state and rising higher than the rest of the U.S.

A report released by the Middle Tennessee State University Business and Economic Research Center shows the cost of buying a home went up in the last year in every area of the state tracked, with Nashville seeing the most dramatic increase.

NASHVILLE, Tenn. (WMOT)  --  Tennessee may be enjoying unemployment below five percent and huge tax surpluses, but a new study says the state’s economy is still performing below national averages.

Analyst Jill Gonzalez says the team crunched a lot of numbers to draw their conclusions.

“We looked at all 50 states, plus the District of Columbia, across 27 different indicators of economic performance and strength. So that includes GDP growth, to start up activities, to the share of jobs in high tech industries.”

NASHVILLE, Tenn. (AP) — Memory foam maker Sinomax Group is opening its first U.S. manufacturing facility in Tennessee.

The 500,000-square-foot plant will formally open its doors in the Nashville community of La Vergne on Tuesday. The facility is expected to create 350 jobs.

NASHVILLE Tenn. (WMOT)  --  Earlier this week the Americana Music Association announced nominees for the 2017 Americana Music Awards. Those prizes will be handed out in September during the group’s Americanafest conference and music festival. Now word that the annual event’s economic impact on Middle Tennessee is growing rapidly.

The Nashville Chamber of Commerce recently completed an economic impact study for the festival and conference. Study author Garrett Harper provided WMOT with the hard numbers.

Willamson County farm family provides a unique product

May 9, 2017

FRANKLIN, Tenn. (GALLANT)  --  There are two emerging trends in farming and they are thriving at polar opposite ends of agriculture. Both can be seen at work here in Middle Tennessee.

On one hand you have ever larger commercial operations that produce crops and livestock on an industrial scale. At the other end of the spectrum you have small farmers who provide food products directly to their neighbors in what’s come to be called Community Supported Agriculture.

MURFREESBRORO, Tenn. (WMOT)  --  Optimism continues to grow in the Tennessee business community, according the latest quarterly Business Barometer survey by Middle Tennessee State.

The barometer indicated a lot of pessimism among the state’s business leaders prior to Donald Trump’s election, but the survey saw a significant improvement in business sentiment in January.

Barometer director Dr. Tim Graeff says enthusiasm continues to grow in the second quarter.

  MURFREESBORO, Tenn. (WMOT)  --  Some surprising findings were reported in the latest  Tennessee Consumer Outlook Index out Wednesday.


Middle Tennessee State surveyed 615 randomly chosen residents statewide for the quarterly survey in early March. The report shows Tennessee consumers are increasingly optimistic about both the current economy and future prospects.


CoreCivic stock recovers lost value

Feb 28, 2017

NASHVILLE, Tenn. (WMOT)  --  The year is off to a good start for one of Tennessee’s biggest companies.

Nashville based CoreCivic, formerly Corrections Corporation of America, is one of the largest for-profit prison companies in the nation.

The company’s stock has nearly tripled in price in recent weeks, ending yesterday at just under 35 dollars.

NASHVILLE, Tenn. (AP) — The United States' largest private prison operator said it can provide the additional detention facilities that will likely be needed under President Donald Trump's executive orders on immigration.

In an earnings call this week, CoreCivic President/CEO Damon Hininger identified the possible opportunity to grow its detention business with U.S. Immigration and Customs Enforcement.

MURFREESBORO, Tenn. (WMOT)  --  Tennessee business leaders are feeling bullish following the election of Donald Trump to the presidency.

The latest Business Barometer report from Middle Tennessee State shows the largest single-quarterly gain in the barometer’s history, jumping from 177 points last fall to 470 points in January.

MTSU’s Dr. Tim Graeff says business leaders expect Trump to improve the business environment.

Pres. Trump trade actions costing Tennessee money?

Jan 30, 2017

MURFREESBORO, Tenn. (WMOT)  --  A mid-state researcher says President Donald Trump’s proposed actions on foreign trade, if enacted, could cost Tennessee millions of dollars in potential new business.

MTSU’s Dr. Steven Livingston edits the Tennessee Global Commerce report. Livingston says Trump’s withdrawal from the Trans-Pacific Partnership trade deal was a blow to Tennessee Agriculture.

“The poultry industry was maybe the single biggest loser. That’s probably going to cost Tennessee poultry several hundred million dollars right there.”

Education failures threaten Tennessee's economy

Jan 27, 2017

NASHVILLE, Tenn. (WMOT)  --  Governor Bill Haslam routinely touts the improvement in Tennessee’s student assessment scores over the last few years, but a new study puts that achievement in troubling perspective.

WMOT reporting partners has completed a study ranking the most and least educated states in the nations. Tennessee scored eighth from the bottom.

Wallethub analyst Jill Gonzalez says the study reveals a pronounced regional difference in scores, with most southern states joining Tennessee at the bottom of the list.

GATLINBURG, Tenn. (AP) — Great Smoky Mountains National Park says it welcomed a record 11.3 million visitors in 2016 despite a deadly wildfire that began in the park.

A news release from the park says that the attendance numbers amount to a 5.6 percent increase over 2015.

Park Superintendent Cassius Cash said the support is particularly important following the November fire in the park that spread into the Gatlinburg tourist area.

The Nov. 28 fire killed 14 people in the Gatlinburg area and burned more than 2,400 buildings.

CHATTANOOGA, Tenn. (AP) — Republican Gov. Bill Haslam says Volkswagen officials have assured him that the German automaker's expansion plans in Tennessee remain on track despite an agreement to pay $4.3 billion in federal criminal and civil fines.

Haslam said in a statement Wednesday that the settlement "won't restrict in any way their capital expansion plans in Chattanooga." The governor said that Volkswagen has in fact committed to adding even more jobs at their only U.S. plant, but did not elaborate on the number of new positions.

NASHVILLE, Tenn. (AP) — Nashville International Airport has set a new record with nearly 13 million passengers in 2016. That's an increase of 1.3 million travelers, or 11 percent more than the previous year.

The airport has set passenger records for four consecutive calendar years, and had more than 1 million travelers in each of the last 10 months of 2016.

Rob Wigington, the president and CEO of the Nashville Airport Authority, called 2016 a "landmark year" for the facility as it embarks on an aggressive expansion strategy over the next five to seven years.

NASHVILLE, Tenn. (AP) — The Tennessee Chamber of Commerce is launching a program to encourage more workers to gain high school equivalency degrees.

The chamber says more than 300,000 people currently working in Tennessee have not completed their high school education. The trade association is partnering with GEDWorks to provide access to advisers, online study materials, practice tests and connections to local adult education programs.


  FRANKFURT, Germany (AP) — Volkswagen's namesake brand hopes to bounce back from its diesel emissions scandal with a broad restructuring that will mean more battery-powered cars, digital services such as ride-sharing, and more SUVs for the U.S. market.

Herbert Diess, the head of the Volkswagen division, unveiled the company's Transform 2025 plan at a news conference Tuesday, saying that "in the coming years, we will fundamentally change Volkswagen. Only a few things will remain as they are."

NASHVILLE, Tenn. (WMOT)  --  Nissan, VW, General Motors, FedEx, HCA, International Paper…Tennessee’s largest employers could be hit hard Wednesday by market panic when the nation’s stock exchanges open.

Reuters reports Dow Jones Industrial Average futures plunged 800 points overnight before trading was suspended.

Middle Tennessee State Economist Murat Arik says markets will react to the uncertainty Donald Trump represents.