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

YOUR OCTOBER 2021 NEWS BULLETIN BRIEF FROM THE…
KENTUCKY
FORD FORTIFIES EV BET WITH FOUR NEW FACTORIES IN KENTUCKY AND TENNESSEE: Ford plans to build its first new U.S. assembly plant in decades, along with three battery factories, to fortify its push into electric vehicles as the industry accelerates green-tech investments. The Dearborn, Michigan, auto maker said Monday that it would build two battery factories in Kentucky and a third in western Tennessee alongside a new truck factory set to begin producing electric F-series pickups by 2025.
SOURCE: CLICK HERE
KENTUCKY RECEIVES $68.4 MILLION IN SHUTTERED VENUE OPERATORS GRANTS: U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman announced the SBA began supplemental award notifications to eligible applicants this week, through the Shuttered Venue Operators Grant (SVOG) program.Thus far, the SBA has awarded over $10 billion in economic relief to nearly 12,000 venues, providing a critical lifeline for theaters, live venues, and other entertainment and cultural hubs as they recover from the pandemic, re-open and continue contributing to local economies. Since the inception of the SVOG program, more than 90% of the grants have supported venues with less than 50 employees – or the smallest of small businesses – a key priority of Administrator Guzman.
SOURCE: CLICK HERE

TENNESSEE
AMAZON PLANS TO HIRE 125,000 ADDITIONAL EMPLOYEES ACROSS TENNESSEE: Amazon has announced they plan to hire an additional 125,000 employees for fulfillment and transportation across the state of Tennessee.The company will be providing an additional 6,600 employment opportunities for Tennesseans on top of the 40,000 corporate and technology jobs already announced. “Before Amazon, I was at a car wash making nine dollars an hour. Then I came to Amazon and I started earning $15 an hour—it was life changing for me,” said Leonardo C, an operations employee at an Amazon fulfillment center in Miami.
SOURCE: CLICK HERE
FORD PLANS $5.6B PROJECT AT MEMPHIS REGIONAL MEGASITE – HOW WE GOT HERE: After 12 years and a $226 million investment in the site, a company will finally be moving into the Memphis Regional Megasite. Ford announced plans Monday to create a massive industrial campus on the megasite to build electric trucks and electric vehicle batteries.  Ford announced a $5.6 billion investment into the project, which is expected to create 5,700 jobs.
SOURCE: CLICK HERE

FLORIM USA TO EXPAND IN CLARKSVILLE, ADDING 30 JOBS WITH $35 MILLION INVESTMENT: Florim USA officials announced today that the porcelain floor and wall tile manufacturer will expand operations at its facility in Clarksville, adding 30 new jobs. Florim USA will invest roughly $35 million in the expansion, according to a news release from the state.
SOURCE: CLICK HERE

WEST VIRGINIA
TOYOTA MOTOR MANUFACTURING WEST VIRGINIA CELEBRATES 25 YEARS, NEARLY 20 MILLION POWERTRAINS BUILT: When we talk about coal’s impact on the Mountain State economy, some are tempted to boil it down to a matter of the more than 13,000 West Virginia workers directly employed in coal mines. When you throw that number around, it does not seem as though coal should cast the shadow over our economy that it does. But it’s not that simple. “The fact is, it’s still an important force in our state,” said John Deskins, director of the Bureau of Business and Economic Research in West Virginia University’s College of Business and Economics.
SOURCE: CLICK HERE
NEARLY $5M IN ARC FUNDING AWARDED FOR WATER INFRASTRUCTURE PROJECTS THROUGHOUT WEST VIRGINIA: Nearly $5 million has been awarded by the Appalachian Regional Commission to help fund water infrastructure projects in the Mountain State. ARC is a partnership between the federal government and several state governments that aims to promote economic development in the region. ”ARC’s investments water and wastewater systems directly benefit the region’s economic development, public health and natural resource protection,” said ARC Federal Co-Chair Gayle Manchin.
SOURCE: CLICK HERE
A SNAPSHOT OF WHAT’S HAPPENING NATIONALLY!
CARD INTEGRITY SUPPORTS SUPPLIER DIVERSITY BY ADDING DBE SUPPLIES TO EXPENSE MONITORING TOOL: Improving the visibility and monitoring of your organization’s spend has never been more important – both from a compliance and internal communications standpoint. Card Integrity has earned a reputation among higher education, pharmaceutical, government, and corporate organizations for its advanced analytics and P-Card expense reporting tool, Data-Wise. Data-Wise reports now include spend analytics for your Disadvantaged Business Enterprise (DBE) and Historically Underutilized Business (HUB) suppliers.
SOURCE: CLICK HERE
44% OF U.S. SMALL BUSINESSES HAVE LESS THAN 3 MONTHS’ WORTH OF CASH: More than 18 months into the pandemic, bakery owner Letha Pugh is so low on cash that she’s afraid to spend it on anything other than paying her employees. She’s hardly alone: 44% of U.S. small businesses have less than three months of cash reserves, leaving them vulnerable to another shutdown due to COVID-19 or other financial emergencies, according a Goldman Sachs survey of more than 1,100 small businesses. An even greater share — 51% — of Black-owned small businesses have less than three months’ cash on hand, according to the same survey.
SOURCE: CLICK HERE

SPECIAL FEATURE STORIES FROM AROUND THE WORLD!
THE COVID-19 PANDEMIC IN DATA VISUALIZATIONS:
  • It’s been roughly a year-and-a-half since COVID-19 was declared a pandemic.
  • The World Economic Forum has been tracing its impact with data visualizations.
  • These excerpts reflect mounting caseloads and vaccination progress.
It’s been slightly more than a year-and-a-half since the WHO declared COVID-19 a global pandemic. For many people, it may be hard to believe it hasn’t been longer. The global health crisis has changed the ways we work, travel, learn and socialize. It’s exacted an official death toll nearly equal to the population of Ireland (though that’s probably an undercount), permanently altered countless other lives, and exposed flaws in health care systems and the social fabric.
SOURCE: CLICK HERE
CLIMATE CHANGE COULD FORCE 216 MILLION PEOPLE TO MIGRATE WITHIN THEIR OWN COUNTRIES BY 2050: The World Bank’s updated Groundswell report released today finds that climate change, an increasingly potent driver of migration, could force 216 million people across six world regions to move within their countries by 2050. Hotspots of internal climate migration could emerge as early as 2030 and continue to spread and intensify by 2050. The report also finds that immediate and concerted action to reduce global emissions, and support green, inclusive, and resilient development, could reduce the scale of climate migration by as much as 80 percent.
SOURCE: CLICK HERE
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