Business Briefs: Thrive 2055 gets first funding from outside Hamilton County

A regional planning effort trying to plot strategy for the 16-county area for the next 40 years has gotten its first funding from outside of Hamilton County.

Shaw Industries in Dalton is providing $50,000 and another $42,000 is coming from the Dalton-Whitfield Community Foundation, Grow Greater Dalton, the Anna Sue and Bob Shaw Foundation, Jordan Fabricating and the Greater Jackson County Chamber of Commerce.

The new investments from outside of Chattanooga will be matched by the Lyndhurst Foundation, which said it will provide a dollar to Thrive 2055 for every dollar given outside of Hamilton County up to $250,000.

Thrive 2055 was launched three years ago through a commitment of $2.6 million from Hamilton County governments, companies and foundations to help plan for more regional growth through the year 2055.


PetSmart eyes potential sale

PetSmart says it is considering putting itself up for sale after receiving pressure from investors. The pet supply chain said Tuesday that it will weigh "strategic alternatives" after a board review that included conversations with shareholders.

Investment firm Longview Asset Management and hedge fund Jana Partners have both pushed PetSmart to think about a sale.

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