Fortera Credit Union creates Fortera Foundation to Combat Generational Poverty

Clarksville, TN – Fortera Credit Union has announced its establishment of the Fortera Foundation.  The not-for-profit organization aims to help break the cycle of generational poverty and improve families’ long-term financial stability. 

“Fulfilling our purpose to be a force for financial good, it was important to Fortera that we establish an entity dedicated solely to supporting our community impact initiatives,” said Tom Kane, Fortera Credit Union President and CEO.  The Fortera Foundation aligns our core values, resources and commitment to make meaningful investments in the communities we serve,” said Kane.

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Montgomery County Population Estimated at 195,734

Clarksville, TN – U.S. Census Bureau estimates released last week show Montgomery County’s population at 195,734 as of July 1st, 2016. The increase from July 1st, 2015 to July 1st, 2016 means the county gained 2,440 new residents, or almost seven persons per day.

Since 2010, Montgomery County’s growth rate of 13.6%, or 23,372 new residents, is among the top counties in the state. Population estimates for the city of Clarksville have not yet been released.

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City of Clarksville Population Estimates Climb Toward 150,000

Clarksville, TN – Estimates released yesterday from the U.S. Census Bureau’s American Community Survey show Clarksville’s population at 149,120. Just shy of the 150,000 mark, this growth reflects an 11.6% increase over the past five years.

In the same report, Montgomery County population is growing quickly toward a population of 200,000, with a 2015 estimate of 193,479, which is also up 11.6% from 2010. The number of households in the county increased to 70,494, up 7.7% over 2014.

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Clarksville Tennessee Top Ten City for Millennials looking for Bigger Paychecks

Clarksville, TN – Of the top 10 cities the Millennial Generation is looking to for bigger paychecks, Middle Tennessee lands two – Clarksville at 6 and Nashville at 10.

“Our dedication to recruit higher paying jobs and to create a top-rated quality of life, both of which are attractive to a young, educated workforce, is a driving force behind us making this list,” said Cal Wray, Executive Director of the Clarksville-Montgomery County Economic Development Council.
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St. Bethlehem United Methodist Church to introduce new modern service, planning 1st community block party

Clarksville, TN – For the Reverend Richard Wesley, the demographic information about the community of people who live within a five-mile radius of St. Bethlehem United Methodist Church on Russellville Road is fascinating.

However, the information is serving as St. Bethlehem UMC’s guide in planning a new modern service that will begin at 11:00am, Sunday, September 23rd.

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H.O.P.E is Hosting an Overview of the Census and its Data Products

Clarksville, TN – On Tuesday, February 1st there will be a workshop at the Montgomery County Civic Hall to provide general information about the use of census data in grant proposals and small businesses. [Read more]

The Weekly Market Snapshot from Frazier Allen

Market Commentary by Scott J. Brown, Ph.D., Chief Economist

There were a lot of economic reports this week and most of them were disappointing. Consumer confidence fell in June, with sharp declines in regions affected by the Gulf oil spill. The June Institute for Supply Management (ISM) survey suggested a moderation in the pace of manufacturing growth (still positive). Unit motor vehicle sales slowed somewhat in June. Pending home sales plunged in May, following the expiration of the homebuyers’ tax credit.

Weekly jobless claims were higher than anticipated. The June Employment Report was a mixed bag. Nonfarm payrolls fell by 125,000, reflecting a 225,000 decline in temporary census workers, in line with expectations. However, private-sector payrolls rose a disappointing 83,000 – softer than expected, but not a disaster. The unemployment rate dropped to 9.5% (from 9.7% in May and vs. expectations of 9.8%), but the decline was due largely to a decrease in labor force participation. The employment-population ratio fell to 58.5% compared to 58.7% in May and 59.4% a year ago. Average weekly hours edged down, and average hourly earnings slipped 0.1% – both disappointing. [Read more]

Census Bureau Releases 2009 City Population Estimates

Washington, DC — The U.S. Census Bureau today released July 1st, 2009, population estimates for each of the nation’s incorporated places, including cities, boroughs and villages and minor civil divisions, such as towns and townships. The new estimates are not 2010 Census population counts. They are, however, the last estimates to use 2000 Census results as a base.

The city estimates are based on 2000 Census data updated to reflect legal boundary changes, housing unit estimates updated to reflect inputs such as building permits, and county population estimates. The county population estimates are produced by using administrative records — namely births, deaths, and domestic and international migration. The resulting county population estimates are then distributed to the areas within each county by using the updated housing unit estimates. [Read more]