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AUGUST’S TRISTATE TALKING NEWS – REGIONAL, NATIONAL AND GLOBAL SNAPSHOTS

YOUR AUGUST 2021 NEWS BULLETIN BRIEF FROM THE…
KENTUCKY
GEORGETOWN TOYOTA PLANT CELEBRATES PRODUCTION OF 10 MILLIONTH CAMRY: Toyota’s first wholly owned vehicle plant in North America, Toyota Motor Manufacturing Kentucky (TMMK) in Georgetown, recently produced its 10 millionth Camry.The white 2021 Toyota Camry SE rolled off the line to cap a milestone year for the plant, which also celebrated 35 years of operation in the Bluegrass State.
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DOLLAR GENERAL OPENS 300-JOB DISTRIBUTION CENTER IN WALTON: Dollar General opened its Northern Kentucky distribution center Tuesday, bringing 300 distribution and private-fleet jobs to the community.The 630,000-s.f. warehouse represents a $65 million investment. At full capacity, the dry-goods distribution center will directly employ 250 people and generate 50 private-fleet jobs as its operations support more than 800 Dollar General stores across multiple states.
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TENNESSEE
VI-JON ANNOUNCES $45M INVESTMENT IN TENNESSEE PLAN, ADDING TO 600-PLUS EXISTING JOBS: A St. Louis-based company that makes hand sanitizer, mouthwash and other products is boosting jobs at its plant in suburban Nashville, Tennessee.
That growth is happening in Smyrna, Tennessee, where officials on July 21 announced a $45 million expansion of Vi-Jon LLC’s facility. The company will hire another 64 workers, roughly a 10% boost to its existing headcount of more than 600 employees.
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A NEW E-COMMERCE FACILITY TO BRING OVER 1,000 JOBS TO TENNESSEE: Chewy Inc. plans to build a new e-commerce fulfillment center in Wilson County that will lead to 1,200 new jobs, Tennessee officials and the company announced Tuesday. Details on the size, cost or economic incentives related to the project, projected to open in fall 2022, were not immediately released. “At 1,200 jobs, Chewy will become one of the top three largest employers in Wilson County,” TDECD Commissioner Bob Rolfe said in a statement. The facility will be located at Couchville Pike and Maddox Road in Mt. Juliet.
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WEST VIRGINIA
WEST VIRGINIA AIRPORTS PUMP MORE THAN $1.6 BILLION INTO STATE’S ECONOMY:
Airports in West Virginia contribute more than $1.6 billion to the state’s economy and support more than 10,700 jobs with a payroll of $550 million, according to the West Virginia Aeronautics Commission’s 2020 West Virginia Aviation Economic Impact Study, which looked at commercial and general aviation airports. The study looked at direct and multiplier impacts from on-airport activity, visitor spending, and air cargo activity. While the COVID-19 pandemic impacted each of the 24 study airports in some way, the diversity of business and recreation opportunities in the state will help West Virginia’s aviation industry recovery, the study reported.
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WEST VIRGINIA HAS SLOW SMALL BUSINESS GROWTH DESPITE HIGH PER-CAPITA SUBSIDIES: Although the West Virginia government provides some of the highest financial incentives for businesses, it has the worst small business growth in the country, according to a report from the financial website Wallethub. Per the report, West Virginia tied for first place with Michigan for the highest incentives provided as a percent of GDP. Conversely, the state ranked dead last for its average growth in the number of small businesses and fourth to last as one of the worst states in which to start a new business.
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A SNAPSHOT OF WHAT’S HAPPENING NATIONALLY!
‘KEEP APPLYING PRESSURE’ – NORDSTROM SIGNS 10-YEAR CONTRACT WITH 15 PERCENT PLEDGE COMMITTING TO LONG-TERM INVESTMENT IN BLACK BUSINESSES: The list of major retailers joining the growing 15 Percent Pledge national campaign to invest in Black-owned businesses is growing.
The latest to join in is Nordstrom, which owns and operates 356 stores combined in the United States and Canada. The leading fashion retailer is the first to sign on with a 10-year commitment of allocating 15 percent of its shelf space to black brands.
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MORE U.S. COMPANIES TIE CEO PAY TO DIVERSITY METRICS – STUDY: Among 61 metrics used by Fortune 100 companies to tie executive pay to environmental, social or governance factors, 14 of them, or 23%, were diversity metrics, according to Nathan Grantz, senior research analyst at compensation consultant Equilar. In all, 44 companies use one or more ESG metrics, including seven that adopted them this year, Equilar found.
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SPECIAL FEATURE STORIES FROM AROUND THE WORLD!
41% OF WORKERS GLOBALLY ARE CONSIDERING QUITTING THEIR JOBS: Microsoft surveyed 30,000 people in 31 countries. It found the pandemic has profoundly reshaped the world of work.
SOURCE: CLICK HERE
BANK OF ENGLAND SET TO LINK DIRECTOR PAY TO PROGRESS ON DIVERSITY TARGET: The Bank of England will adopt recommendations from its governing body to link the pay of executive directors to performance on achieving targets to make a more diverse workforce. The U.K. central bank’s court of directors also suggested that the assessment of bank managers should be linked to those targets, a plan Governor Andrew Bailey said he’d implement in full. It’s part of a broader review on how the BOE can bring more women and minorities into leadership positions.
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