Kingsport-Bristol sales tax collection stumble in May – growth rate still leads region

May was a down month for sales tax collections in Tennessee. Only two metro areas managed a year-over-year gain – Clarksville, and Knoxville. Statewide seasonally adjusted collections were 0.4% better than May last year. Here in Northeast … [Read more...]

Keep a weather eye on trade war’s affect on Eastman and Bell Helicopter

Many in the media and pundits have been talking about a trade war, but now it looks like the real thing is here. The U.S. is now involved in a disagreement with six out of its top export markets which, according to Kiplinger, account for 53% of … [Read more...]

Tri-Cities foreclosures up 61% in housing market with tight inventory, high demand

The Tri-Cities is one of the local markets bucking the national foreclosure market trend. And entrepreneurs are taking advantage of it, repurposing of other buildings and new apartment construction to cash in on a housing market where demand has … [Read more...]

Tri-Cities job creation flat in May; how recovery stacks up so far

Tri-Cities employers added no new non-farm jobs in May. There were 1,700 fewer people employed, and the unemployment rate increased to 3.2%. That's not all that bad. During the past five years, jobs have declined three times during the April-May … [Read more...]