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Governor Lee appoints ABC Greater Tennessee President/CEO, Clay Crownover, to Economic Recovery Group to Reboot Tennessee Economy

Nashville, Tenn. -- Today, Governor Bill Lee established the Economic Recovery Group, a joint effort between state departments, members of the legislature and leaders from the private sector to build guidance to safely reboot Tennessee’s economy.

“COVID-19 has not only created a public health crisis, it has hurt thousands of businesses and hundreds of thousands of hardworking Tennesseans,” said Gov. Lee. “As we work to safely open Tennessee’s economy, this group will provide guidance to industries across the state on the best ways to get Tennesseans back to work.”

The group is led by Tennessee Department of Tourism Development Commissioner Mark Ezell.

“This public-private partnership will prioritize connection, collaboration, and communication across industries, the medical community and state government” said Ezell. “We’re grateful to these leaders for serving at a critical time in our state’s history.”

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February’s Construction Spending Decline Indicates What’s to Come, Says ABC

WASHINGTON, April 1—National nonresidential construction spending fell 1.8% in February, but is up 2.5% compared to the same time last year, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, spending totaled $795.1 billion for the month. Private nonresidential spending declined 2% on a monthly basis and is down 0.7% compared to February 2019.  Public nonresidential construction spending was down 1.5% for the month, but is up 7.2% on a year-over-year basis. “Data characterizing the economy prior to the coronavirus outbreak continues to trickle in,” said ABC Chief Economist Anirban Basu. “While nonresidential construction spending declined in February, according to today’s data release, the decline was modest and overall performance was not substantially different from prior months. “However, with communities in Massachusetts, Pennsylvania, California an ... Read the rest of entry »