Deals across the state

Monday, May 19, 2008 at 1:20am

STATEWIDE

• As part of an ongoing effort to secure access to the Tennessee River for water-hungry Peach State citizens, Georgia Gov. Sonny Perdue signed a legislative resolution urging negotiations with Tennessee Gov. Phil Bredesen regarding relocation of the state border.

Should negotiations fail, the resolution authorizes Georgia’s attorney general to file a border dispute with the U.S. Supreme Court.

• A new report card on state educational proficiency standards, updated with the 2007 National Assessment of Educational Progress (NAEP) data and state assessment results, found Georgia, Oklahoma and Tennessee rated at the bottom of the class.

The report was co-authored by Paul E. Peterson, a senior fellow at the Hoover Institution at Stanford University, who is also the Henry Lee Shattuck Professor of Government and director of the Program on Education Policy and Governance at Harvard University.

• Connected Tennessee, an independent, nonprofit organization working to accelerate technology in the state, released information showing that Tennessee outpaced the nation in growth in Internet broadband penetration over the past six months.

According to Connected Tennessee, half of the state’s residents now have broadband service at home, up from 43 percent six months ago. Most of that growth occurred in rural areas where Connected Tennessee is most engaged.

• According to data issued by the University of Tennessee Center for Business and Economic Research, economic conditions in Tennessee will continue to deteriorate throughout 2008 before slowly improving in 2009.

UT-CBER also reported that personal income growth this year is expected to be the weakest showing since 2002.

IN CLARKSVILLE

• The Montgomery County Commission purchased for $20 million most of the Commerce Park mega-site, a 1,215-acre park deemed ready to accommodate a major manufacturing operation.

The decision comes at a time when German automaker Volkswagen is scouting Tennessee locations — including Clarksville — for a new assembly plant.

Separately, Volkswagen told German newspaper Handelsblatt it would decide in July whether or not to set up new U.S. operations.

IN GATLINBURG

• The Gatlinburg City Commission put a temporary halt to all ridgetop development in the area until an appointed taskforce finishes its study of controlling future development in Sevier County.

IN KNOXVILLE

• IdleAire Technologies, a manufacturer of in-cab electric units for the trucking industry, filed for bankruptcy protection.

IdleAire units supply heat, air, Internet service and satellite television to truckers, defraying costs normally associated with keeping a truck running in idle.

The eight-year-old company has 130 locations spread across 34 states.

IN MEMPHIS

• Ohio-based Meridian Bioscience (NASDAQ: VIVO) announced its intent to acquire a line of infectious disease recombinant proteins and cardiac antigens from Vybion and to relocate production of those acquired products to Meridian's wholly owned subsidiary, Meridian Life Science in Memphis.

—From TN Business magazine

Filed under: City Business
Tagged: