Tennessee Touts 2022 Economic Developments: 16,000 Job Commitments, $8.6 Billion in Private Investments

Governor Bill Lee and the Tennessee Department of Economic and Community Development (TNECD) posted their picks for the top five new business investments in the state during 2022.

In all, about 100 projects were supported by TNECD statewide in 2022, resulting in more than 16,000 jobs and $8.6 billion in private investment, according to the department.

TNECD’s top five projects in 2022 were:

  • Landmark Recovery’s $7.5 million expansion in Williamson County, bringing approximately 1,300 new jobs to the area. Landmark Recovery provides individual recovery plans for those dealing with substance abuse issues. The company’s expansion project was announced one year after relocating its corporate operations from Arizona to Tennessee.
  • LG Chem’s $3.2 billion foreign investment in Montgomery County, creating 860 new jobs. The company’s investment marked the largest foreign investment in Tennessee in the State’s history.
  • 3M Company’s – a consumer goods company – $470 million expansion project in East Tennessee, creating nearly 600 new jobs in Anderson County.
  • Wacker’s $200 million investment in Charleston, creating 225 jobs. Wacker’s investment marks the second major expansion for the global chemical R&D and manufacturing company, according to TNECD.
  • Georgia-Pacific’s $425 million investment project in Jackson, creating 220 jobs for the citizens of Madison County.

As the year came to a close, Governor Lee remarked on the state’s strong performance, writing on Twitter, “As we continue to strengthen our economy, support families & provide opportunity to Tennesseans, I am confident that our state’s best days are ahead.”


The State of Tennessee offers a wide range of grants and incentives for companies to invest in the Volunteer State.

Four “fasttrack grant” programs offer out-of-state companies seeking to relocate to Tennessee assistance with specific costs including  infrastructure, job training, and relocation and moving subsidies – but the programs come with requirements.

Tennessee also offers a series of opportunities for temporary tax relief, based on a number of factors including the levels and locations a company chooses to build or expand operations.

In 2022, Tennessee led as “one of the fastest growing economies” in the nation.

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Kaitlin Housler is a reporter at The Tennessee Star and The Star News Network.
Photo “Bill Lee” by TNECD.


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4 Thoughts to “Tennessee Touts 2022 Economic Developments: 16,000 Job Commitments, $8.6 Billion in Private Investments”

  1. Horatio Bunce

    Any updates on those alleged “$100k average salary jobs” that Amazon was bringing to Tennessee. Haven’t seen one advertised yet. But did read about their layoffs.

    1. Joe Blow

      Horatio – Do not hold your breath waiting for that information. The failure to live up to projections are most likely in the 90% range. But no one really knows all of the details other than the economic bunch are given a huge slush fund by the legislature every year. I asked my rep what controls were tied to the slush fund. I was told that the legislature “trusted”: the economic bunch to use the money “wisely”. What a load of horse hockey!

  2. Molly

    Yeah well
    This is what we really want know



    1. Joe Blow

      Molly – I would add a corollary to your first item:

      Where is Little Billy Lee going to find enough classroom space and teachers (bilingual?) to accommodate the supposed population boom?

      Lee and other “leaders” count success by giving grants and tax incentives to bring in new people who will only add to the overloaded schools and highways.

      I do not measure success by growth. I measure success as improvement to the quality of life. Lee fails at every turn.