CBL promotes local businesses at malls
CBL Properties is launching a new campaign highlighting the local impact of its shopping centers in their communities. Across its portfolio, CBL properties house more than 1,300 locally owned businesses.
"Customers don't always realize that when they visit their hometown mall, they are supporting local businesses," said Stephen Lebovitz, chief executive officer for the Chattanooga-based CBL. "By visiting their local CBL mall they are bringing to fruition the dreams of local entrepreneurs, contributing to the funding of critical school and community programs through sales and ad valorem tax, helping local non-profit organizations and creating job opportunities for their friends and neighbors employed at or around the mall."
CBL's properties collectively employ an estimated 100,000 people across 24 states and generate $284 million in annual sales, contributing nearly $70 million in annual property taxes as well as millions of dollars in annual sales tax that fund vital programs in their communities, Lebovitz said. The company's malls and retail centers hosted over 350 community and other events in a typical year before COVID-19.
"Our properties are where people work their first job or build lifelong careers, they are hubs of social interaction, and community partners providing support to local non-profit organizations," Lebovitz said.
Yellen urges global minimum tax rate
Treasury Secretary Janet Yellen outlined the case for a harmonized corporate tax rate across the world's major economies, part of an effort to restore global leadership and credibility with U.S. allies following the unilateralist approach of the Trump era.
In her first major speech on international economic policy, Yellen marked an American return to the "global stage." She singled out China, saying the U.S. needs a "strong presence in global markets" to level the playing field.
The Biden administration tax proposal also marks a U.S. return to years-long talks — led by the Organization for Economic Cooperation and Development with about 140 countries — to develop a global agreement on minimum levies. But participants haven't yet reached a deal, and while most involved support the idea of a global minimum tax, the negotiations also include a potential accord on digital taxation that has been blocked by long-standing disagreements over how to approach the issue.
"Together we can use a global minimum tax to make sure the global economy thrives based on a more level playing field in the taxation of multinational corporations, and spurs innovation, growth and prosperity," Yellen said in her virtual remarks to the Chicago Council on Global Affairs.
UT ranks among top 50 grad schools
U.S. News & World Report recognized several graduate programs at the University of Tennessee in Knoxville in its top rankings for 2020, earning UTK a designation among U.S. News Best Graduate Schools.
The Haslam College of Business climbed six spots and is now ranked 17th among public universities. This is the college's highest ranking in the magazine's rankings. The college's Supply Chain Management MBA ranked fifth among public universities, its sixth consecutive year in the top 10.
The Tickle College of Engineering ranked 32nd among public institutions and nine of the college's disciplines now rank in the top 40 among public institutions in their respective fields. UT' nuclear engineering program ranked 6th among all colleges with such programs.
"I am proud and grateful for the efforts of all faculty across all colleges, and I am delighted that many have earned national recognition for the strength of their research and scholarship, which is the driver for all graduate education," said John Zomcheck, provost and senor vice chancellor for the University of Tennessee in Knoxville.
Chattanooga State picked as Yamaha Tech partner
Yamaha Motor Corp. has donated a 115-horsepower outboard engine to Chattanooga State's Motorcycle and Marine Service Program as part of Yamaha's ongoing support for the Chattanooga State as a Yamaha Tech School Partners since 2016.
"The partnership with Yamaha has been a wonderful experience for students and focuses specifically on getting marine technicians prepared for the workplace through hands-on training," said Ed Grun, senior program instructor. "This gives students an edge especially if they are seeking employment with Yamaha marine dealerships upon graduation."
Yamaha manufactures all of its sports boats at its Yamaha Jet Board Manufacturing facility on Lake Tellico in Vonore, Tennessee.
UTC Mosaic job fair aids autistic students
UTC Mosaic is conducting this year's reverse career fair online Tuesday, April 13 with live sessions from 3 p.m. to 5 p.m.
The forum provides an opportunity for employers to interact with talented UTC students with autism in a format that gives students the chance to highlight their experiences, abilities, and aspirations.
All of UTC's juniors, senors and any other of last year's graduates still seeking employment will have a virtual booth for synchronous meetings as well as a pre-recorded video, detailing their accomplishments and abilities.
"Our mission is to empower our students to be successful in their career field as well as create a more autism-friendly Chattanooga," said Kyle Hudson, UTC Mosaic's career coordinator.
Employers and others may register at https://virtualrcf.questionpro.com