New business filings increased more than 10 percent in the fourth quarter of 2018 compared to the previous year, according to a new report released Thursday by Tennessee Secretary of State Tre Hargett. This marked the fourth consecutive quarter of new business increases in excess of 10 percent in Tennessee. The Tennessee Quarterly Business and Economic Indicators report showed that 9,837 new entity filings were recorded in the final quarter of 2018 and a total of 42,914 new entity filings were processed by the Secretary of State’s Division of Business Services the entire calendar year.
Tennessee has recorded 29 consecutive quarters of positive year-over-year growth in the number of new business filings.
Statewide, new filings of domestic limited liability corporations (LLCs) saw the strongest growth in fourth quarter 2018, expanding 13.4 percent over fourth quarter 2017.
The state also recorded 13,491 annual report filings by existing businesses in Tennessee in fourth quarter 2018 – an 8.8 percent increase over the same time period in 2017.
The Tennessee Quarterly Business and Economic Indicators report is published through a partnership created through a partnership with the Secretary of State’s office and the Boyd Center for Business & Economic Research at the University of Tennessee, Knoxville.
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Positive Economic Growth Continues Across Tennessee
New business filings increased more than 10 percent in the fourth quarter of 2018 compared to the previous year, according to a new report released Thursday by Tennessee Secretary of State Tre Hargett. This marked the fourth consecutive quarter of new business increases in excess of 10 percent in Tennessee.The Tennessee Quarterly Business and Economic Indicators report showed that 9,837 new entity filings were recorded in the final quarter of 2018 and a total of 42,914 new entity filings were processed by the Secretary of State’s Division of Business Services the entire calendar year.
“Business is booming in Tennessee, and the momentum of the past year is expected to continue as we head into 2019,” Hargett said. “We have worked hard to create a business-friendly environment in Tennessee, where businesses can thrive and grow, and that is reflected in this data.”
Tennessee has recorded 29 consecutive quarters of positive year-over-year growth in the number of new business filings.
Among the state’s four largest counties, Davidson County recorded the greatest number of new filings, with 2,206 – a 9.4 percent increase over fourth quarter 2017. Shelby County saw the second largest number of filings at 1,811 new business filings, an impressive growth of 12.2 percent over fourth quarter 2017.
Statewide, new filings of domestic limited liability corporations (LLCs) saw the strongest growth in fourth quarter 2018, expanding 13.4 percent over fourth quarter 2017.
The state also recorded 13,491 annual report filings by existing businesses in Tennessee in fourth quarter 2018 – an 8.8 percent increase over the same time period in 2017. Additionally, there were 1,587 dissolutions filed in fourth quarter 2018 – a 12.6 percent decrease compared to the same quarter the previous year.
The Tennessee Quarterly Business and Economic Indicators report is published through a partnership created through a partnership with the Secretary of State’s office and the Boyd Center for Business & Economic Research at the University of Tennessee, Knoxville. Its purpose is to provide a snapshot of the state’s economy based on a variety of information, including new business data from the Division of Business Services.
Opioid Epidemic Costs Tennesseans
The opioid epidemic is costing the economy in Tennessee hundreds of millions of dollars every year in lost personal income.A new report from the University of Tennessee Boyd Center for Business and Economic Research details the impact drug addiction is having on the labor market in our state.
The report from UT economists’ estimates that if just 10% of people addicted to opioids got clean, it would increase the labor force in the state by about one percentage point. That would lead to an additional $825 million in personal income in Tennessee.
The study has already been used by former Governor Bill Haslam to help determine where to allocate money to fight the epidemic. Haslam used the report to unveil his $30 million plan to address the opioid epidemic. That was released earlier this month and focuses on prevention, treatment, and law enforcement.
Gas Prices Steady in Volunteer state
Gas prices in Tennessee are holding steady right now, but face upward pressure, due to recent strength in the oil market and rising wholesale gasoline prices. The average price for gasoline in Tennessee is $2.01 per gallon but should rise another 3-5 cents this week.
Tennessee motorists are paying 1-cent more than a week ago. However, the average price is still 7 cents less than last month, and 35 cents less than this time last year. Despite the anticipated uptick, the state average remains 72 cents per gallon less than last year’s high, and 68 cents per gallon less than what Tennessee motorists paid in October.
At the pump average price in Woodbury is $2.05 for regular gas.
Cannon County Unemployment Rate Drops
More than three-quarters of Tennessee’s 95 counties experienced a drop in unemployment during December 2018 according to data released today by Gov. Bill Lee and Tennessee Department of Labor and Workforce Development Commissioner Dr. Jeff McCord.
Seventy-six counties saw a decrease in unemployment in December; the rate remained unchanged in three counties, and 16 counties experienced an uptick in their jobless numbers.
Williamson County continued to have the state’s lowest unemployment during the final month of 2018 with a rate of 2.1 percent. Compared to the previous month, Williamson’s rate dropped by 0.4 of a percentage point in December.
Davidson and Rutherford counties had the next lowest unemployment rates at 2.3 percent each. Both counties saw a decrease of 0.3 of a percentage point from their November rates. Cannon County unemployment rate dropped to 2.7 percent down from 3.1 percent from the previous month.
“To finish 2018 with low unemployment in so many counties shows just how strong Tennessee’s economy is as we start the new year,” said Lee. “Much of our state continues to benefit from a business climate that encourages growth, which in turn leads to new jobs.”
State Warns of Curbstoning
The arrival of tax season has many auto dealers putting their sales promotions into high gear. Unfortunately, auto scammers don’t have consumers’ best interests in mind.
The Tennessee Department of Commerce & Insurance’s (TDCI) Division of Consumer Affairs and the Tennessee Motor Vehicle Commission, a part of TDCI’s Division of Regulatory Boards, remind consumers to educate themselves before they shop. Conducting thorough research is the best way to ensure the auto deal you’re getting is a deal and not a scam.
“Tax season often generates a high complaint volume for Tennessee’s Motor Vehicle Commission,” said Motor Vehicle Commission Executive Director Paula Shaw. “Unethical parties prey on the fact that many people are receiving an instant infusion of cash that they can potentially use to buy a vehicle. If you’re in the market for a car, research your options carefully to ensure you make the most of your money and prevent being scammed by a bad actor.”
A prevalent scam tactic is curbstoning. Curbstoning is the illegal sale of used vehicles under the false pretense of being the car’s owner in order to evade city or state regulations. Curbstoning occurs when a person engages in the act of buying and selling used automobiles for profit but without a license, insurance, bond, sales tax number, Federal tax ID, proper local permits or legally established place of business.
How do you prevent curbstoning? Simple. Always buy from a licensed seller. Tennesseans can check a car dealer’s license status by visiting verify.tn.gov.
Remember, licensed dealers are required to disclose that they are a dealer in all forms of advertising, including social media such as Craigslist, by including either their business name or license number.
To help protect consumers, the TDCI created this video to raise awareness on social media and provides the following guidelines for consumers who may be shopping for a vehicle:
Before Shopping:
Decide what you can afford. Don’t forget to factor in insurance, parking, gas, and maintenance costs.
Research the car’s value. Check free online car evaluation websites to find out the average price of the car you plan to buy and trade in.
Look into financing before you choose a car. Ask about the financing terms, the number of months, down payment, interest rates, and finance charges.
Check a car dealer’s license status by visiting verify.tn.gov. All Tennessee auto dealers must be licensed by the Motor Vehicle Commission.
At the Sale Site:
Examine the car carefully:
Check the condition of the engine, tire wear, and any sign of an accident. The TN Motor Vehicle Commission offers this detailed guide on what to look for.
Take a test drive.
Get a vehicle history report at vehiclehistory.gov.
If purchasing a used car, have an independent mechanic check the car. Do not buy a car if the dealer will not let you have it inspected. Many safety defects will not be identified during a standard inspection so you should also check for recalls.
Review the contract carefully. Make sure all agreed upon repairs and warranties are written on the purchase contract before you sign. Never sign a blank, incomplete or unclear contract or buyers guide.
Get the mileage in writing and ensure it matches the vehicle’s odometer.
Get copies of all paperwork. Don’t leave without copies of everything that you signed.
If the dealer is to complete the title work for you, be aware that you may be asked to sign a Limited Power of Attorney authorizing the dealership representative to sign your name to the title and registration documents. Read this form closely and get a copy before leaving.
When purchasing a vehicle that will be subject to emission testing, the purchaser must request evidence that the vehicle will pass emissions testing prior to consummation of the purchase contract. If the vehicle has not been tested or pretested within 90 days of the proposed purchase date the potential purchaser should request a pre-test to ensure that it will pass prior to signing the contract.
Remember:
Notify the manufacturer that you are the new owner when you buy a used car or if your contact information changes. You can also subscribe for email alerts at safercar.gov for future safety recalls.
If you feel that you have been treated unfairly, and you have not been able to reach a satisfactory resolution with your car dealer, you may file a complaint with the Tennessee Motor Vehicle Commission.
Unlike other transaction types, no right of rescission (aka “Cooling-off Period”) exists for vehicle sales transactions. When you drive it off the lot it is yours, so take the time to have it inspected and read all paperwork closely before signing.
The Tennessee Motor Vehicle Commission is here to help. Visit us online or by calling 615-741-2711 and requesting the Compliance Unit.
Upper Cumberland Unveils My Ride Program
The Transportation Department of Upper Cumberland Human Resource Agency has unveiled a new senior-friendly, volunteer-based program designed to provide additional transportation opportunities to residents 60 and older.
MyRide Upper Cumberland is a volunteer-based transportation program, focusing on providing “door-through-door” service to seniors and simultaneously increasing independence for those clients. MyRide programs already exist in numerous regions within the state.
MyRide is designed for seniors who are able to walk on their own or with the assistance of a cane or walker. Trained, caring volunteers assist clients with getting to and from appointments and errands. Differing from traditional transportation services, volunteer drivers will assist clients to and from the vehicle, to their destination – the door-through-door component.
By offering a more personalized transportation option, MyRide Upper Cumberland allows clients to maintain a level of independence that may have otherwise been difficult to achieve and provides families peace of mind knowing their loved ones are being assisted by trained and monitored volunteers.
In order to receive MyRide services, clients pay a $25 annual membership fee. This annual fee includes the cost of the first three trips. Additional trips thereafter cost $2 each and $1 per each additional stop requested. All trips are pre-paid and volunteers collect no money.
A ribbon cutting ceremony, officially kicking off the new program, is slated for today at 1 p.m. at the Cookeville Senior Center.
Keep Con Artists Out of the Driver’s Seat When Buying a Car with a Tax Refund
The arrival of tax season has many auto dealers putting their sales promotions into high gear. Unfortunately, auto scammers don’t have consumers’ best interests in mind.
The Tennessee Department of Commerce & Insurance’s (TDCI) Division of Consumer Affairs and the Tennessee Motor Vehicle Commission, a part of TDCI’s Division of Regulatory Boards, remind consumers to educate themselves before they shop. Conducting thorough research is the best way to ensure the auto deal you’re getting is a deal and not a scam.
“Tax season often generates a high complaint volume for Tennessee’s Motor Vehicle Commission,” said Motor Vehicle Commission Executive Director Paula Shaw. “Unethical parties prey on the fact that many people are receiving an instant infusion of cash that they can potentially use to buy a vehicle. If you’re in the market for a car, research your options carefully to ensure you make the most of your money and prevent being scammed by a bad actor.”
A prevalent scam tactic is curbstoning. Curbstoning is the illegal sale of used vehicles under the false pretense of being the car’s owner in order to evade city or state regulations. Curbstoning occurs when a person engages in the act of buying and selling used automobiles for profit but without a license, insurance, bond, sales tax number, Federal tax ID, proper local permits or legally established place of business.
How do you prevent curbstoning? Simple. Always buy from a licensed seller. Tennesseans can check a car dealer’s license status by visiting verify.tn.gov.
Remember, licensed dealers are required to disclose that they are a dealer in all forms of advertising, including social media such as Craigslist, by including either their business name or license number.
To help protect consumers, the TDCI created this video to raise awareness on social media and provides the following guidelines for consumers who may be shopping for a vehicle:
Before Shopping:
Decide what you can afford. Don’t forget to factor in insurance, parking, gas, and maintenance costs.
Research the car’s value. Check free online car evaluation websites to find out the average price of the car you plan to buy and trade in.
Look into financing before you choose a car. Ask about the financing terms, the number of months, down payment, interest rates, and finance charges.
Check a car dealer’s license status by visiting verify.tn.gov. All Tennessee auto dealers must be licensed by the Motor Vehicle Commission.
At the Sale Site:
Examine the car carefully:
Check the condition of the engine, tire wear, and any sign of an accident. The TN Motor Vehicle Commission offers this detailed guide on what to look for.
Take a test drive.
Get a vehicle history report at vehiclehistory.gov.
If purchasing a used car, have an independent mechanic check the car. Do not buy a car if the dealer will not let you have it inspected. Many safety defects will not be identified during a standard inspection so you should also check for recalls.
Review the contract carefully. Make sure all agreed upon repairs and warranties are written on the purchase contract before you sign. Never sign a blank, incomplete or unclear contract or buyers guide.
Get the mileage in writing and ensure it matches the vehicle’s odometer.
Get copies of all paperwork. Don’t leave without copies of everything that you signed.
If the dealer is to complete the title work for you, be aware that you may be asked to sign a Limited Power of Attorney authorizing the dealership representative to sign your name to the title and registration documents. Read this form closely and get a copy before leaving.
When purchasing a vehicle that will be subject to emission testing, the purchaser must request evidence that the vehicle will pass emissions testing prior to consummation of the purchase contract. If the vehicle has not been tested or pretested within 90 days of the proposed purchase date the potential purchaser should request a pre-test to ensure that it will pass prior to signing the contract.
Remember:
Notify the manufacturer that you are the new owner when you buy a used car or if your contact information changes. You can also subscribe for email alerts at safercar.gov for future safety recalls.
If you feel that you have been treated unfairly, and you have not been able to reach a satisfactory resolution with your car dealer, you may file a complaint with the Tennessee Motor Vehicle Commission.
Unlike other transaction types, no right of rescission (aka “Cooling-off Period”) exists for vehicle sales transactions. When you drive it off the lot it is yours, so take the time to have it inspected and read all paperwork closely before signing.
The Tennessee Motor Vehicle Commission is here to help. Visit us online or by calling 615-741-2711 and requesting the Compliance Unit.
TN R.E.A.D.S. Gains Worldwide Attention
The Tennessee Regional eBook and Audiobook Download System (TN R.E.A.D.S.) database has been recognized as one of the most used library services in the world. In 2018, TN R.E.A.D.S. circulated 3.7 million digital e-books, audiobooks, and videos to public library patrons throughout Tennessee.
The Tennessee State Library and Archives is 1 of 4 libraries receiving acknowledgement for achieving between 3 and 4 million digital checkouts in 2018. OverDrive, Inc., the world’s leading digital platform for libraries, released the list earlier this month and ranked Tennessee right behind the New York and Los Angeles Public Libraries.
According to the OverDrive, Inc. report, the popularity of these library systems is reflected in more than 4 million new digital library users that used the OverDrive app for the first time in 2018 and Tennessee has seen similar trends.
“Since TN R.E.A.D.S. opened in 2007, the service has seen phenomenal growth. The first year we checked out 55,000 e-books and audiobooks. Now we check out over 255,000 each month,” TN R.E.A.D.S. administrator Marion Bryant said.
TN R.E.A.D.S. offers users more than 197,000 eBooks, 75,000 audiobooks, and 4,100 videos, with new and popular titles being added every month. The digital titles can be downloaded or streamed to tablets, smartphones, computers and e-readers.
The top 5 titles borrowed from TN R.E.A.D.S. in 2018:
1. “The Whistler” by John Grisham
2. “Camino Island” by John Grisham
3. “Into the Water” by Paula Hawkins
4. “Outlander” by Diana Gabaldon
5. “Two by Two” by Nicholas Sparks
“We’re encouraged to see an increasing number of Tennesseans using this innovative and educational service,” Secretary of State Tre Hargett said. “The popularity of this system is evident and we will continue to do our part to promote and support programs that serve our citizens well.”
Any Tennessean with an active library card from one the 186 public libraries in the Tennessee Regional Library System can use this free service.
For more information visit, https://reads.overdrive.com.
Cannon County Schools Announce School-Level Teachers of the Year
Cannon County Schools take pleasure in honoring the school-level teachers of the year for the 2018-2019 School Year. Each teacher was selected to represent their respective school in three categories: PreK-4th Grade; 5th Grade – 8th Grade; 9th Grade – 12th Grade. One Teacher in each category will be selected by a committee to represent Cannon County as the District Teacher of the Year in the Upper Cumberland CORE Region. A special announcement and ceremony will take place on Friday, February 1st, 2019 – 8:00 AM at Woodbury Grammar School during In-Service Activities to honor these teachers and announce the School District winners in each category. The following teachers were selected to represent their schools:
Auburn School:
PreK – 4th: Lisa Vickers
5th Grade – 8th Grade: Regan Higgs
East Side School:
PreK – 4th: Kim Nichols
5th Grade – 8th Grade: Connie Phillips
Short Mountain School:
PreK – 4th: Jessica Bryson
5th Grade – 8th Grade: Tonya Melton
West Side School:
PreK – 4th: LaKeisha Bryson
5th Grade – 8th Grade: Roger Haley
Woodbury Grammar School:
PreK – 4th: Tracy Foster
5th Grade – 8th Grade: Melissa Killian
Woodland School:
PreK – 4th: Mitzie Bush
5th Grade – 8th Grade: Cory Steffes
Cannon County High School:
9th Grade – 12th Grade: Rena House
Director of Cannon County Schools William F. Curtis stated, “We are tremendously proud of each one of these outstanding educators. Teachers work incredibly hard to serve their students, communicate with parents/guardians, and strive to improve their craft. Each one of these deserving teachers exemplify the MISSION of Cannon County Schools – ‘Preparing ALL Students for Their Future’ through our VISION –‘The New E3 –Engaged in Excellence Every Day.’ These individuals live the Mission and Vision every moment of every day, and we salute them for their distinguished efforts! Congratulations! I look forward to announcing the District
Teachers of the year on Friday, February 1st, 2019 – 8 AM at Woodbury Grammar School.”