More than half of companies surveyed by the Chattanooga Area Chamber of Commerce plan expansions that could create more than 1,200 new jobs and over $130 million in new capital investment.
“The 2012 assessment may be very good news indeed, considering actual job creation by existing companies far outpaced the projected level companies reported in the last...study,” said Steve Hiatt, director of existing business development for the Chamber.
The survey, dubbed Chattanooga IQ, offers a snapshot of the status of existing business, as well as the community’s strengths and weaknesses from the perspective of local companies.
Conducted by the Chattanooga Chamber’s Business Retention and Expansion Visitation team, the report reflects the aggregate responses of 100 area businesses the Chamber and its volunteers surveyed between the months of March and July 2012 about various local economic indicators.
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