(EDITOR’S NOTE: This is a roundup of business news from throughout the Knoxville region. If you have some business news that you would like to be included in Teknovation Weekend, please email us at email@example.com.)
PYA opens seventh office location in Charlotte
PYA, the power behind teknovation.biz, announced earlier this week that it opened a seventh office location in Charlotte, to help strengthen the firm’s position in the Carolinas. The new office will also bring our teams closer to clients throughout the Southeast.
Annapoorani Bhat has been named the Managing Principal of the new office. She specializes in valuation and related consulting services for companies in the healthcare sector and ironically will lead the discussion at this Monday’s “Valuation Lunch & Learn” that is part of “Innov865 Week.” Bhat has expertise in the valuation of businesses and assets for transactions, financial reporting, regulatory compliance, and internal strategic planning purposes.
“PYA’s recent opening of our Montana office, along with the launch of this new Charlotte office, helps us to continue to meet the highly nuanced needs of clients in both rural and metropolitan areas,” said PYA Principal and Chief Executive Officer Marty Brown. “We are eager to have Anna leading our expansion in Charlotte, an area she knows well, and in which she has longstanding relationships.”
The Charlotte office will also give PYA access to a growing pool of professional talent, giving new hires a local home base.
Read the full release here.
UTK named “Best Universities for Polymer Science” by U.S. News
The University of Tennessee, Knoxville (UTK) has been ranked a top global university for polymer science in U.S. News and World Report’s “Best Global Universities.” The ranking is based on research performance from 2015 through 2019, as well as citations from publications through April 29, 2021.
Boyd Center surveys business leaders on inflation
In more news out of UTK, the Boyd Center for Business and Economic Research recently conducted the “Tennessee Business Leaders Survey.” It showed respondents were easing out of a “pessimistic view” on inflation, with only 32.7 percent saying it was here to stay. The previous survey, conducted in January, was more than 50 percent of respondents.
“People are seeing some prices start to fall, and that’s good news,” said Don Bruce, Director of the Boyd Center. “As gas prices continue to fall and supply chain issues clear up, inflation is still high on peoples’ minds, but it’s not as dire as it was in January. They’re starting to see the light at the end of the tunnel.”
Of the respondents, 67.5 percent of them said they believe the Tennessee economy will be a little better or considerably better over the next year.
Read the full survey here.
Tennessee now has the third highest resignation rate in country
Less than two short months ago, WalletHub released its list of states with the highest resignation rates (read out teknovation.biz article here). At the time, Tennessee ranked high at #10, and things seem to have gotten worse since the end of July. In a newly released ranking, WalletHub now places Tennessee at #3 on the list.
Over the last 12 months, Tennessee had a resignation rate of 3.4 percent, but in the latest month WalletHub collected data, it was 4.3 percent. Neighboring Georgia ranked #1 on the list, followed by Kentucky. South Carolina also made the top 10 at #9, while North Carolina was more toward the middle of the pack at #21.
The beginning of the report states that many are quitting their jobs even with the rising rate of inflation. Incentives from changing jobs and getting away from careers impacted by the pandemic are two of the biggest causes of the “Great Resignation.”
Read the full report here.