Business Briefs: Penn Station wants four more local stores

Business Briefs: Penn Station wants four more local stores

April 20th, 2017 by Dave Flessner in Business Around the Region

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Roper to hire 100 at its LaFayette, Ga., plant

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Rope to hire 100 for Lafayette plant

The Roper Corp. will be interviewing April 28 to fill 100 assembly positions at its LaFayette, Ga., plant, according to the Georgia Department of Labor.

Starting pay is $12.65 for workers who put together home cooking appliances under the GE, GE Profile and Monogram brands.

Interviews are from 3-5 p.m. at Fort Oglethorpe City Hall, 500 City Hall Drive.

Applicants must be at least 18 years old. Those without a diploma or GED must have at least one year of manufacturing experience or three years of any type of work experience. More information is available at www.employgeorgia.com

Penn Station wants four more local stores

Penn Station East Coast Subs, the fast-casual restaurant known for its made-to-order sub sandwiches, has announced its first-ever store opening incentive program. New restaurants that sign a lease in Chattanooga in 2017 will receive royalty abatement for one year from the opening date.

Chattanooga currently has two Penn Station stores. Penn Station hopes to open four additional locations in Chattanooga.

"Our 2017 growth goals are focused on building out our underdeveloped markets like Chattanooga," said Craig Dunaway, president of Penn Station East Coast Subs. "We hope the program will give developing franchisees extra cash flow to re-invest in their business, especially in grand opening and local store marketing."

Fed survey shows moderate growth ahead

The Federal Reserve says the U.S. economy kept expanding in the early spring, with tight labor markets and many businesses reporting rising wages.

In its latest survey of economic conditions nationwide, the central bank found that it's 12 regional banks all depicted growth as either "modest or moderate" from mid-March through early April.

Bank regulator missed Wells Fargo problems

NEW YORK — The nation's big bank regulator is faulting itself for failing to address the problems at Wells Fargo before it was too late.

The inspector general at the Office of the Comptroller of the Currency said Wednesday the Comptroller's examiners saw sales problems at Wells Fargo as early as 2010.

Trump Commerce official withdraws over conflicts

President Donald Trump's pick for deputy commerce secretary has withdrawn from consideration.

Todd Ricketts was unable to resolve conflict of interest issues in taking the No. 2 job at the department. Ricketts is a co-owner of the Chicago Cubs and son of TD Ameritrade founder Joe Ricketts.