Biz Bites

Faye’s Spa, will host a Morristown Area Chamber of Commerce Ribbon Cutting at 10 a.m. Monday, May 1 at its newly opened location, 1718 West AJ Highway.

First Republic Bank is likely to be seized by regulators, according to a report in The Washington Post, making the third lender to fail since March. The FDIC is expected to sell the wounded bank’s assets to a larger institution.

Kewpie hosted a groundbreaking on April 18 at the site of its to-be-constructed facility in Clarksville. The company will invest more than $65 million to expand its U.S. division.

Leclerc Foods Tennessee LLC will invest more than $3 million and create nearly 50 new jobs to expand manufacturing operations at its U.S. headquarters in Kinsport.

Movie theaters are piling on the features in an effort to put people in seats, according to The Washington Post’s Daily 202 newsletter and Reuters. The report cited the growing appeal of giant screens, room-pulsing audio, moving seats and simulated environmental effects, such as rain or the scent of pine forests, predicted to account for 16.7% of 2023 domestic ticket sales.

Twin Peaks’ first quarter 2023 was marked by multiple restaurant openings – including Chattanooga – development agreements and new VP, Ray Bodnar.

University of Tennessee Regional Health Center-Morristown will host a ribbon cutting ceremony and tour from 4:30 to 6 p.m. Tuesday, May 2 at its newly constructed location, 6232 West AJ Highway. RSVP to JNeal1@utmck.edu.

U.S. Small Business Administration opened four Business Recovery Centers in Lafayette, Covington, Murfreesboro and Selmer to assist those applying for disaster loans due to the severe weather that occurred March 31-April 1.

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