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Tennessee makes top 10 for tax environment for business and other regional news

(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 news@teknovation.biz.)

Tennessee ranks as the eighth-best state in tax environment for businesses

The Tax Foundation, a nonprofit tax policy group, recently released its 2022 State Business Climate Tax Index. The Index rates states based on five major tax categories, including sales and individual taxes, and provides an overall ranking. Tennessee placed eighth overall. Its highest ranking in the individual categories was sixth in individual taxes, followed by 20th in unemployment insurance, 26th in corporate, 33rd in property, and 46th in sales tax. Read more on the index here.

Promotions and New Hires

Analysis and Measurement Services Corporation (AMS), a Knoxville-based market leader in testing the instrumentation and control systems of nuclear power plants worldwide, announced seven new team members that joined the company over the course of 2021. They include: Caleb Crosby, Electrical Engineer; Wes Fletcher, Electrical Engineer; Matthew Junker, Electrical Engineer; Michal Dewell, Electromagnetic Compatibility Engineer; Amy Godfrey, Materials and Research Engineer; Ben Fennema, Electronics Technician; and Seth Thompson, Electronics Technician.

The Christman Company, a professional construction services firm, has promoted Quentin Craig to Senior Project Manager. Craig joined Christman in 2015. “Quentin has an extensive background in industrial development and the ability as a project manager to engage everyone involved, from coworkers and clients to architects and skilled labor crews,” said Marty Gibbs, Vice President and General Manager for The Christman Company’s operations in Knoxville.

The Trust Company of Tennessee has hired Marc Foster as a Senior Trust Officer. He will work out of the firm’s Knoxville office. “Marc’s decades of experience and passion for people complement our team well,” said Daniel Carter, President of The Trust Company of Tennessee.

 New Businesses

Pivot Point Gallery will be opening in Emory Place by the end of March, according to a recent article from Inside of Knoxville. The building is 130 years old and was once a Post Office. Development plans in the area are aiming to make Emory Place an arts destination. Read more in this Inside of Knoxville article.

Yee-Haw Brewing Co. announced that it will be opening a brewery and taproom this spring in the former Elkmont Exchange location. The new brewery will create close to 100 jobs. Read more here.

On December 8, Leonard Buildings and Truck Accessories held a ribbon-cutting for its Alcoa location. The business has been operating since 1963 and is headquartered in North Carolina.

Urgent Care for Children held a grand opening for its Farragut location on December 10. The organization’s licensed, on-site pediatricians and pediatric nurse practitioners offer acute diagnostic and treatment care for children with non-life-threatening needs. It is open year-round.

Click here for information on upcoming ribbon-cutting events from the Knoxville Chamber.

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