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JANUARY, 2022… TRISTATE TALKING NEWS – REGIONAL, NATIONAL AND GLOBAL SNAPSHOTS

YOUR JANUARY, 2022 NEWS BULLETIN BRIEF FROM THE…
KENTUCKY
PRATT INDUSTRIES BREAKS GROUND ON $500 MILLION HENDERSON MILL, BOX FACTORY: Pratt Industries in Henderson broke ground on a $500 million paper mill and box factory that will create 321 well-paying jobs across the two facilities and is the largest investment in the region in more than 25 years. “As work continues to help our Western Kentucky communities heal after last week’s unprecedented storm, the arrival of Pratt Industries to this region will be an important part of that recovery process,” Beshear said.
SOURCE: CLICK HERE
SBA ESTABLISHES AID CENTER IN KENTUCKY TO HELP SMALL BUSINESS OWNERS WITH TORNADO DISASTER LOANS: The US Small Business Administration opened a Business Recovery Center in Kentucky, near where deadly tornadoes and severe weather flattened entire towns and left dozens dead. Severe storms tore apart places like Mayfield, Kentucky, and other locations in the state as well as Missouri and Tennessee. Tornadoes, straight-line winds and flooding ravaged the region. And the storms literally tore apart businesses. The SBA’s goal is to provide one-on-one assistance to small business owners in the affected area applying for disaster loans.
SOURCE: CLICK HERE

TENNESSEE
GENERAL MILLS EYES UPGRADES AT TENNESSEE PLANT: General Mills, Inc. has announced it will invest $65 million to upgrade technology and equipment at its Yoplait yogurt and Pillsbury refrigerated and frozen dough products plant in Murfreesboro. “We are proud to make beloved brands like Yoplait and Pillsbury for consumers across the US right here in Rutherford County,” said Dave Tincher, plant manager at the Murfreesboro plant. “Middle Tennessee, and particularly Rutherford County, continues to partner with employers on programs that benefit existing companies as well as attract new companies to drive growth in the region. This investment will allow our Murfreesboro plant to remain competitive in the marketplace.”
SOURCE: CLICK HERE
SEVERAL TENNESSEE NAMES MAKE THE LIST OF ‘MOST RESPONSIBLE COMPANIES’: This month, New York City-based weekly news magazine, Newsweek, released its third annual list of most responsible companies for the year 2022. The list is made up of 500 public companies across industries that the publication deemed as “taking their environmental and social responsibilities” seriously, and that overall, are valuable members of their communities. Newsweek partners with data firm Statista to compile the list, which it ranks using a combination of environmental scores, social scores and corporate governance scores.
SOURCE: CLICK HERE

WEST VIRGINIA
FEDEX GROUND DISTRIBUTION CENTER PLANNED FOR PARKERSBURG: Construction is expected to begin Monday on a FedEx Ground distribution center in south Parkersburg, West Virginia, according to a published report. A 250,000-square-foot facility is planned to be operational at the site in 2022, The Parkersburg News and Sentinel reported. It will employ a mix of full- and part-time workers and also will contract for package pickup and delivery services, FedEx Ground spokesman David Westrick told the newspaper.
SOURCE: CLICK HERE
WEST VIRGINIA IS THE BIRTHPLACE OF PETROCHEMICALS: Did you know that a small plant in Clendenin, West Virginia is where the petrochemical industry began? Petrochemicals are chemicals made from petroleum and natural gas. To recognize the tremendous impact West Virginia and its citizens have had on the petrochemical industry as a whole, the American Chemical Society (ACS) honored Union Carbide’s foundation of the petrochemical industry with a National Historic Chemical Landmark (NHCL) in a ceremony in Clendenin, West Virginia, on Sept. 10, 2021.
SOURCE: CLICK HERE

A SNAPSHOT OF WHAT’S HAPPENING NATIONALLY!
SBA’S EIDL APPLICATION DEADLINE IS FAST APPROACHING. HERE’S WHAT HAPPENS IN 2022: Today, the U.S. Department of Commerce Minority Business Development Agency (MBDA) released a report entitled, “Keys to Unlocking Business Development in Indian Country.” The report is the result of an in-depth examination of economic characteristics across 166 tribes in comparison to the broader U.S. economy, including regional and rural areas. The report affirms that a defining feature of most tribal lands is remoteness and the keys to unlocking prosperity are similar to other rural communities. Interviews with Tribal leaders, Native entrepreneurs and business experts reveal Indian Country also faces unique business development opportunities and challenges related to tribal sovereignty.
SOURCE: CLICK HERE
THE STATE OF MINORITY ENTREPRENEURSHIP IN AMERICA: There’s no doubt that the pandemic has had a huge effect on small businesses in America. But minority entrepreneurs — and more specifically, minority entrepreneurs over 50 — have faced particular challenges, as well as some opportunities.
Overall, people of color represent about 32% of America’s population, but only 18% of its business owners. The racial difference in entrepreneurship is especially true among older owners. A recent survey by Guidant Financial and the Small Business Trends Alliance showed that while 46% of white small business owners are boomers (age 57 to 75), only 28% of minority business owners are.
SOURCE: CLICK HERE

SPECIAL FEATURE STORIES FROM AROUND THE WORLD!
TOYOTA TO INVEST $70 BILLION GLOBALLY IN ELECTRIFIED VEHICLES: Akio Toyoda, global president of Toyota Motor Corp., recently shared his vision for the future of mobility.
With the goal of achieving a carbon-neutral society, Toyoda reconfirmed his commitment to providing solutions and options to as many customers around the world as possible. In addition to continuing to develop hybrids (HEVs), plug-in hybrids (PHEVs), and fuel-cell electric vehicles (FCEVs), Toyota will expand its offering of battery electric vehicles (BEVs), providing safety, security and convenience for Toyota and Lexus customers.

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SUPPLY CHAIN RESILIENCE: HOW ARE PANDEMIC-RELATED DISRUPTIONS RESHAPING MANAGERIAL THINKING?
  • The impact of the pandemic on supply chains has been global, prolonged, and comprised a series of major shocks to companies’ logistical systems.
  • While the pandemic has accelerated the automation of logistics activities, reducing their exposure to future epidemiological risks, some of the biggest lessons for the future centre on new managerial thinking.
The COVID-19 pandemic has tested the effectiveness of 20 years of research, debate and planning on supply chain resilience. Business continuity plans that companies thought were robust have proved seriously deficient.
SOURCE: CLICK HERE
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