Clarksville Area Chamber of Commerce announces 2014-2015 Board
Clarksville, TN – The Clarksville Area Chamber of Commerce is pleased to announce the 2014-2015 Chamber Board of Directors.
The Chamber elects new leadership each fiscal year, with the fiscal year running from July 1st, 2014 to June 30th, 2015.
Chamber Chairman, Jeff Truitt.
CEMC recieves Clarksville-Montgomery County Green Certification
Montgomery County, TN – The latest business to complete requirements for Clarksville-Montgomery County Green Certification and host a Green Ribbon Cutting is Cumberland Electric Membership Corporation (CEMC).
CEMC Clarksville-Montgomery County Green Certification Green Ribbon Cutting.
Clarksville Weekly Market Snapshot from Frazier Allen for the week of June 29th, 2014
Clarksville, TN – GDP growth was revised to a -2.9% annual rate in the third estimate for 1Q14 (vs. -1.0% in the 2nd estimate and +0.1% in the advance estimate).
Prior estimates showed that a slower rate of inventory accumulation and a wider trade deficit subtracted considerably from overall growth – the third estimate showed a somewhat larger subtraction of 3.2 percentage points from the headline GDP growth figure (Domestic Final Sales, GDP less net exports and the change in inventories, rose at a 0.3% annual rate).
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of June 22nd, 2014
Clarksville, TN – As expected, the Federal Open Market Committee left short-term interest rates unchanged, reaffirmed its forward guidance on the federal funds target rate, and trimmed another $10 billion from the monthly pace of asset purchases (to $35 billion starting in July). In the Summary of Economic Projections, Fed officials lowered their projections for 2014 GDP growth.
However, that was due entirely to the reported decline in 1Q14 GDP. Implicitly, Fed officials are expecting a 3.1% to 3.4% average pace of GDP growth in the final three quarters of 2014. The forecasts ranges for GDP growth in 2015 and 2016 were the same as the ones made in March.
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of June 18th, 2014
Clarksville, TN – Developments in Iraq sent oil prices higher and undermined stock market sentiment. Note that oil price shocks are viewed as a restrain on economic growth rather than a catalyst for a higher underlying trend in inflation (as opposed to the 1970s, when they quickly fed through to wage inflation).
Iraq is one more concern to be added to the list of worries for the second half of the year. The stock market often climbs “a wall of worry,” but sometimes the wall wins.
Frazier Allen
Clarksville Weekly Market Snapshot from Frazier Allen for the week of June 10th, 2014
Clarksville, TN – The economic data were mixed. The ISM surveys were consistent with improving activity. The trade deficit was much wider than expected in April, suggesting that next exports will restrain 2Q14 GDP growth to some extent.
The May Employment Report was “boring,” with nonfarm payroll up by 217,000 (vs. a median forecast of +215,000) and a net revision of -6,000 to March and April. The unemployment rate held steady at 6.3%. The trend in job growth has been relatively strong, but not so much that the Fed is going to take the punchbowl away anytime soon.
Frazier Allen
Clarksville-Montgomery County hosts Successful Red Carpet Community Tour Event
Clarksville, TN – The Clarksville-Montgomery County Industrial Development Board (IDB) hosted their third annual, two-day ‘Red Carpet Community Tour’ for site selection consultants.
The event, scheduled around the Nashville–based CMT Awards Show, is an excellent opportunity for attendees to gain first-hand knowledge of the assets that Clarksville-Montgomery County and the surrounding area have to offer.
David Smith, President of DBS & Associates Engineering, and Mike Evans, Exec. Director of the Clarksville-Montgomery County IDB speak about the available land and infrastructure at the CMC Corporate Business Park to the group of site selection consultants at this year’s Red Carpet Community Tour.
Planters Bank Promotes Amanda Vinson and Jessica Shaw
Hopkinsville, KY – Planters Bank announces the promotions of Amanda Vinson to Vice President/Commercial Lending and Jessica Shaw to Commercial Banking Officer.
Vinson joined Planters Bank in January 2005 as a customer service representative and was later promoted to credit analyst, senior credit analyst, and assistant vice president. Vinson graduated from Houston County High School and received a B.B.A with a concentration in Finance from Austin Peay State University in 2002. She is married to Dane.
(L to R) Amanda Vinson and Jessica Shaw.
Empty Bowls And Urban Ministries receive check from Altra Federal Credit Union
Clarksville, TN – Altra Federal Credit Union raised over $5,000 nationally with its one day Swipe Away Hunger Campaign. “Hunger continues to be a real problem in the communities we serve, stated Cheryl Dutton, Vice President of Marketing for Altra Federal Credit Union. “Besides the financial contribution achieved by the campaign, Swipe Away Hunger also generated awareness of the increasing need our communities face in feeding the hungry.”
Rose Melton, of Altra Federal Credit Union; Rita Arancibia, of Urban Ministries and Beverly Dycus, of Empty Bowls (Art Conn)
Clarksville Weekly Market Snapshot from Frazier Allen for the week of June 1st, 2014
Clarksville, TN – The economic data were mixed. The estimate of real GDP growth for the first quarter was revised down to a -1.0% annual rate (vs. +0.1% in the advance estimate). Most of the revision was due to a slower pace of inventory growth, which ought to pave the way for increased production in 2Q14.
Slower inventory growth subtracted 1.6 percentage points from overall GDP growth (vs. -0.6 ppt in the advance estimate), while a wider trade deficit subtracted 1.0 percentage point (vs. -0.8 ppt in the advance estimate.
Frazier Allen
