My family and I are humbled by the support and prayers we have received over the past few weeks.
The support from the Williamson County community, including parents, former parents, students, Williamson Inc. and the business community, and Williamson County Schools employees has been overwhelming. I also appreciate the support of the Williamson County School Board members who have worked with County Mayor Rogers Anderson and Williamson County Commissioners.
I want to thank the Metropolitan Nashville Public Schools Board of Education for allowing me to get to know them and for allowing me to explore the opportunity of working for boys and girls in Nashville. I was impressed with the warm reception I received. It is evident the Board’s focus is on student success, and I am encouraged about the future of MNPS.
After careful consideration, I have made the decision to remain in Williamson County Schools in order to continue our journey to becoming a district recognized nationally in the academics, athletics, and the arts.
Prominent regional business executive Gaylon Lawrence has agreed to buy F&M Bank in Clarksville, which has about $860 million in assets and last year produced $5.3 million in profits. Click here to read more at The Leaf-Chronicle courtesy of Jimmy Settle, who talked to an upbeat F&M President and CEO Sammy Stuard.
“Through this merger the bank stays fully intact in Clarksville, Tenn. There are going to be no changes in employment or anything,” Stuard said. “Actually, nothing changes except the owner. Our existing board of directors also stays intact, although there may be some additions to the board over time.
Lawrence also is a backer of Tennessee Bank & Trust in Williamson County and is helping John Eakin build his 1201 Demonbreun office tower in The Gulch.
The Internal Revenue Service is looking to add 55 people to its tax return processing staff on International Drive in Cool Springs. The full-time seasonal positions are expected to be for six months starting in mid-December but could be extended. The salaries will range from about $32,000 to more than $41,000.
The Bureau of Labor Statistics this week published its regular report on job and wage growth in the nation's counties, this time for the fourth quarter of 2014. The report makes for fun reading for some in the local economic development community: Williamson County's 6.1 percent job growth rate last year ranks fifth nationally in the BLS' large-county category while the 4.9 percent increase in average wages put the county in the top 50. Similarly, Rutherford County's job growth of 3.9 percent easily outpaced the nation's 2.2 percent pace.
Davidson County's strong growth of 3.6 percent, however, is made a good bit more sobering when put alongside its wage numbers, which clocked in at just 1.5 percent. That put the heart of Middle Tennessee and the home of more than half its jobs all the way in 306th out of 340 counties. With the mayoral race heating up, we're thinking the topic of wages and bringing quality jobs to Davidson County will quickly move up the agenda from here.
You can peruse the full BLS report at this link.
C&H Financial Services, an Illinois-based payment processor, has acquired Regal Payment Systems out of Columbia. A release on the deal doesn't provide many details but does make Regal's operation C&H's first in Tennessee and adds the First Data processing platform to its lineup. The purchase of Regal also puts C&H on track to process $5 billion in transactions this year.
So it turns out the glitzy parts of Nashville — downtown, West End, The Gulch and the like — aren't the only area office submarkets where space now costs more than $30 per square foot.
The leaders of Franklin Financial Network last week signed 15-year lease papers for almost 17,000 square feet that's been built onto their downtown Franklin headquarters by a company controlled by bank directors Henry Brockman and David Kemp.
Franklin Financial's starting rent is $33.25, which is $4.50 more than Spectrum Emery Properties is asking for its big and shiny One Franklin Park building located a few miles northeast. Even taking into account the "friendly" nature of the deal — which includes a clause allowing that rental rate to rise between 1.5 percent and 3.5 percent annually — the lease tells us the Nashville-area property market is in fine fettle, to say the least.
Check out the deal's details here.
SEE ALSO: Franklin Synergy in branch sale-leaseback with directors from late last year
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