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

YOUR MARCH 2022 NEWS BULLETIN BRIEF FROM THE…
KENTUCKY
THE BOTTOM LINE – NORTON HEALTHCARE AND GOODWILL INDUSTRIES INVESTING $100 MILLION IN WEST LOUISVILLE: Norton Healthcare is joining Goodwill Industries of Kentucky’s “opportunity campus” at 28th Street and W. Broadway, part of a $100 million investment in western Louisville. The two Kentucky Chamber Board Members announced the site would include Goodwill’s headquarters and other local social service agencies and a $70 million Norton hospital. Norton plans to invest $7 million to buy land for the hospital, and back the services at the site.
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UofL JOINS $25 MILLION PARTNERSHIP TO REDUCE HEALTHCARE BARRIERS FOR MINORITY COMMUNITIES: The University of Louisville is getting one of the largest donations in its history, and it’s going to be used to help minority communities. On Wednesday morning at UofL’s Kosair Charities building, officials from the university, Humana and the Humana Foundation gathered to announce a $25 million partnership that will focus on breaking down health care barriers for marginalized communities.
SOURCE: CLICK HERE

TENNESSEE
MANY TENNESSEE BUSINESS LEADERS PLAN EMPLOYEE WAGE INCREASES TO COMBAT INFLATION: A survey conducted by the University of Tennessee-Knoxville’s Boyd Center for Business and Economic Research reveals many business leaders plan to increase employee wages in response to inflation. The Tennessee Business Leaders Survey conducted in January shows over half of business leaders (53.8%) believe inflation is “here to stay” with about half of the leaders saying they will raise wages for employees but 43.5% also said they would have to increase prices for consumers.
SOURCE: CLICK HERE
FOOD MANUFACTURER OPENS TENNESSEE LOCATION, 400 JOBS PLANNED: A Tennesseebased food manufacturer has opened a new facility in the state that is expected to include a $53.5 million investment and nearly 400 new jobs. The state Department of Economic and Community Development says Monogram Foods located the expansion in Dickson. the company bought a building formerly owned by Conagra, which announced in early 2020 its plans to close the facility. Monogram Foods offered jobs to Conagra’s existing employees.
SOURCE: CLICK HERE

WEST VIRGINIA
NEW COALITION LOOKS TO TRANSFORM WEST VIRGINIA’S ECONOMY: A new coalition anchored by the state’s largest cities and universities was launched Monday to make West Virginia’s energy industry greener. The Appalachian Climate Technologies Coalition, or ACT Now Coalition, was announced at a press conference at Coalfield Development’s West Edge Factory in Huntington.
SOURCE: CLICK HERE
TOYOTA ANNOUNCES $73 MILLION EXPANSION AT BUFFALO PLANT: Toyota Motor Co. announced a $73 million investing in West Virginia on Friday, one that dovetails in spirit with the $240 million it allocated for its Putnam County plant in November. Both are geared toward meeting the goal of an electrified option across the auto manufacturer’s entire lineup by 2025.
SOURCE: CLICK HERE

A SNAPSHOT OF WHAT’S HAPPENING NATIONALLY!
MINORITY-OWNED SMALL FIRMS FACE MORE HARDSHIP IN U.S. RECOVERY: Small U.S. businesses owned by minorities are more likely to experience financial hardship than the average in a nationwide survey showcasing an uneven or halting recovery for those firms.
Nearly 60% of businesses with fewer than 500 employees were in fair or poor financial condition, while 77% said the pandemic continues to have a significant negative impact on operations, according to a report from the Federal Reserve’s 12 district banks released on Tuesday.

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SHRM MAKES INVESTMENT TO SUPPORT MINORITY-OWNED BUSINESSES: Today, the Society for Human Resource Management (SHRM) announced its capital commitment to a new fund in support of minority-owned business enterprises (MBEs). The fund, led in partnership between Advantage Capital and the NMSDC Business Consortium Fund (BCF), brings together BCF’s 30-year history of providing access to capital to entrepreneurs of colors with Advantage Capital’s 30 years of investment expertise in highly distressed urban core and rural communities.
SOURCE: CLICK HERE

SPECIAL FEATURE STORIES FROM AROUND THE WORLD!
EUROPEAN, U.S. BANK SHARES RECOUP SOME LOSSES; SECTOR BRACES FOR SLEW OF SANCTIONS: European and U.S. bank shares on Friday clawed back some of the previous day’s steep losses as the sector starts to get to grips with a slew of sanctions unveiled this week in retaliation for Russia’s invasion of Ukraine, with more due from the European Union imminently. Shares got off to a jittery start as missiles pounded the Ukrainian capital and President Volodymyr Zelenskiy pleaded with the international community to do more, saying sanctions announced so far were not enough
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GLOBAL CONSENSUS EMERGES TO SECURE INTERNET-CONNECTED HOME AND WEARABLE DEVICES: The consumer internet of things (IoT) global market size is forecast to grow from $45 billion today to $154 billion by 2028. Whereas early adoption of smart wearables, home electronics and appliances was concentrated in North America and Western Europe, China is projected to overtake the United States as the largest market by the end of 2024.As the use of connected devices increases worldwide, so does the potential for cyber threats – particularly as new products introduce vulnerabilities, potentially exposing people to hacking or leaks of personal data.
SOURCE: CLICK HERE
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