Clarksville Weekly Market Snapshot from Frazier Allen for the week of February 3rd, 2014
Clarksville, TN – Real GDP rose at a 3.2% annual rate in the advance estimate for 4Q13, about as expected, but the details were a bit surprising. Consumer spending and business fixed investment, the key components, each rose at a respectable pace.
However, inventory growth, already elevated in 3Q13, rose further (and will likely subtract from GDP growth in 1H14). Net exports (a smaller trade deficit) added. Residential home building and government subtracted. Personal income figures rose meagerly in 4Q13, suggesting that we may see some slowing in spending ahead.
Frazier Allen
Fort Campbell Federal Credit Union Green Ribbon cutting February 5th
Montgomery County, TN – The Clarksville-Montgomery County Green Certification Program invites you to join us as we celebrate the green certification of Fort Campbell Federal Credit Union. [Read more]
Clarksville Business and Community representatives gather to celebrate White Castle reopening
Clarksville, TN – It was a celebration at White Castle on Wilma Rudolph Boulevard yesterday as City and County officials along with representatives from the Clarksville-Area Chamber of Commerce joined with company representatives to celebrate the completion of the five-month long rebuilding and expansion of their only local restaurant.
The new White Castle, located at 3060 Wilma Rudolph Boulevard, will open to the general public on Sunday, January 26th, at 9:00am, and replaces an older building originally built in 1999.
The Ribbon Cutting at the New White Castle
Clarksville White Castle on Wilma Rudolph Boulevard re-opening Friday, January 24th
Providing twice as many Additional Jobs
New Castle features Modern Look and offers other customer amenities
Clarksville, TN – Local City and County leaders will join White Castle Team members this Friday, January 24th, at noon for a ribbon-cutting ceremony marking the opening of a brand-new White Castle restaurant.
The new White Castle, located at 3060 Wilma Rudolph Boulevard, will open to the general public on Sunday, January 26th, at 9:00am, and replaces a White Castle originally built in 1999.
The remodeled Wilma Rudolph Boulevard White Castle
First Advantage Bancorp announces Quarterly Cash Dividends
Clarksville, TN – The Board of Directors of First Advantage Bancorp (OTC/QB: FABK), the holding company of First Advantage Bank, declares quarterly cash dividends of $0.07 per share.
The cash dividend will be paid on February 18th, 2014 to shareholders of record on February 3rd, 2014. [Read more]
Clarksville Weekly Market Snapshot from Frazier Allen for the week of January 19th, 2014
Clarksville, TN – There were few surprises in the economic data reports. Retail sales, industrial production, and the Consumer Price Index were all relatively close to expectations. Retail sales slowed in December, reflecting a pullback in unit auto sales, up moderately otherwise (weakness in department store sales were offset by stronger e-tail activity).
Industrial production rose 0.3%, held back by a drop in the output of utilities, but factory output accelerated in 4Q13, following a soft trend in the first three quarters of 2013 (consistent with improving trends in factory payrolls and new orders). Residential construction figures disappointed, but it’s hard to get too worked up about December data (which can be exaggerated due to the weather and seasonal adjustment).
Frazier Allen
Potential cognitive decline from hearing loss could be avoided
Clarksville, TN – People who choose to seek treatment for hearing loss will be happy to know that they have also reduced their risk of serious cognitive disease. According to recent research by the Johns Hopkins University School of Medicine, depending upon the severity, people with hearing loss may face a 36% increase in the risk of dementia and other cognitive diseases.
Dr. Emi Lejeune conducts a hearing evaluation on a young patient (Bill Larason Clarksville Online)
Clarksville Weekly Market Snapshot from Frazier Allen for the week of January 13th, 2014
Clarksville, TN – The December Employment Report was a mixed bag. Nonfarm payrolls rose a disappointing 74,000 (median forecast: +195,000, although market participants were anticipating an upside surprise following a stronger-than-expected ADP estimate).
The November payroll figure was revised to +241,000 (from +203,000). Manufacturing rose by 9,000. Construction fell by 16,000, with weakness concentrated in nonresidential and in heavy construction and civil engineering (residential rose 6,200).
Frazier Allen
Aspire Clarksville to Kickoff new Fundraising Campaign in February
Clarksville, TN – Aspire Clarksville, an economic development foundation to benefit Clarksville-Montgomery County, Tennessee, will officially launch its new campaign at a kickoff breakfast in early February.
The new, five-year, campaign aims to raise nearly $3.8 million for local business development, which is anticipated to bring over 3,500 jobs to the area.
The new effort, “A Focus On The Future,” is the fifth campaign since the Aspire initiative was started in 1996. [Read more]
Valvoline Instant Oil Change collecting coats and blankets for Manna Cafe
Clarksville, TN – Convenient Car Care Inc. has announced that their Valvoline Instant Oil Change locations will begin collecting coats and blankets on behalf of Manna Cafe ministries.
Beginning Monday, January 6th, customers who visit one of 7 Valvoline Instant Oil Change locations in Clarksville and Oak Grove KY, will receive $5.00 off any oil change service, if they donate a coat or blanket. Valvoline will gather the donations and deliver them to Manna Cafe Ministries, and they will be distributed to those in need.
Valvoline Instant Oil Change collecting coats and blankets for Manna Cafe Ministries (Bill Larson Clarksville Online)
