Tennessee Governor Bill Lee, the Tennessee Department of Economic and Community Development (TNECD), and 3M Company announced this week the investment of approximately $470 million to expand manufacturing operations in East Tennessee. 3M’s expansion is expected to add around 600 new jobs by 2025.
Governor Lee said, “3M’s decision to expand in Tennessee is a testament to our state’s pro-business climate and skilled workforce. The creation of nearly 600 new jobs in Anderson County will positively impact this community for years to come, and we thank 3M for their investment in our state.” Read More
Tennessee Governor Bill Lee, the Department of Economic and Community Development (TNECD), and REI Co-op officials announced this week that REI will establish a new distribution center in Lebanon, Tennessee. The new location will create over 280 jobs and will serve as REI’s fourth distribution center in the country.
Governor Lee said,
REI is a respected brand that has been trusted by outdoor enthusiasts for over 80 years, and I’m proud the company has chosen Tennessee for its newest distribution center. Our state’s central location and unmatched quality of life make it the ideal destination for a company so committed to outdoor recreation, and I thank REI for its commitment and job creation in Lebanon. Read More
Governor Bill Lee, the Tennessee Department of Economic and Community Development (TNECD), and Parkway Products, LLC, announced this week the company would be investing $5.7 million to expand existing operations in Greenville, Tennessee. The company estimated an additional 160 jobs will be created over the next five years at the injection molding site.
“Thank you to Parkway Products for creating 160 new high-quality manufacturing jobs in Greeneville,” Governor Bill Lee said about the expansion. “Tennessee’s advanced manufacturing job creation far exceeds national growth with employment concentration more than 30% higher than the national average. We look forward to seeing how the residents of Greene County will benefit from this new investment.” Read More
Officials at the California-based Gutterglove, Inc. announced Monday that they will relocate their company’s headquarters from Roseville, California to Franklin, Tennessee.
Gutterglove manufactures professional grade stainless steel gutter guards. Company officials will invest $720,800 and create 20 new jobs in Williamson County, according to an emailed Tennessee Department of Economic and Community Development press release. Read More
Life sciences company Thermo Fisher Scientific announced Tuesday it is building a facility in Lebanon that will employ 1,400 people in Tennessee.
The technology assembly facility, which the company has invested more than $100 million in, will create 400 jobs initially and expand to 1,400 in “the next several years,” the Tennessee Department of Economic and Community Development said. Read More
The Tennessee Department of Economic and Community Development awarded more than $108.5 million in FastTrack economic development grants between 51 businesses in the first half of 2021, according to a database from the department.
The largest was a $60 million grant to Ultium Cells for its $2.3 billion investment to create 1,300 jobs with its 2.8-million-square-foot plant in Spring Hill to build vehicle battery cells. Read More
Officials with the Tennessee Department of Economic and Community Development (ECD) awarded a $3 million grant to a company that two men started by lying and committing fraud. This, according to an investigative report that Tennessee Comptrollers released this week. Read More
Amazon will establish its eighth fulfillment center in East Tennessee, creating 800 full-time employees “to engage with advanced robotics.” Governor Bill Lee issued the announcement on Wednesday in a joint press release with Tennessee Department of Economic and Community Development (TNECD) Commissioner Bob Rolfe, and Amazon spokespersons.
Located in the city of Alcoa, the distribution center will overtake property that was once a local golf course by Alcoa Highway and Pellissippi Parkway. According to a press release issued by the county’s development cooperative, Blount Partnership, employees will receive a starting wage of $15 an hour with full benefits and other perks, including 20 weeks of maternal and parental paid leave. Read More
Members of the Tennessee Department of Economic and Community Development have released a new report that they say highlights jobs in high demand across Tennessee.
Those jobs include occupations in finance and technology, automotive, distribution and logistics, and other target industry clusters. Read More
A new report that describes how Facebook’s data centers have impacted surrounding areas could predict how a new one will impact Gallatin.
As The Tennessee Star reported in August, Facebook will invest $800 million to build a new state-of-the-art data center in Gallatin to create approximately 100 jobs. Gallatin officials said at the time that Facebook will hire locally. Read More
Politicians promised 10 years ago that if they invested millions of taxpayer dollars in a northwest Tennessee port they would create thousands of new jobs and deliver prosperity to an economically-distressed region.
But, thus far, that project, the Port of Cates Landing, has not created so much as one position. Read More
Tennessee Department of Economic and Community Development officials last week reportedly gave a $1 million grant to the Cleveland/Bradley Industrial Development Board.
This, for a 30-acre pad-ready site to attract new companies to come to the area’s Spring Branch Industrial Park. Read More
Officials at Tennessee State University have scheduled a one-day forum on Opportunity Zones for Tuesday, March 3. Read More
Tennessee Department of Economic and Community Development (TDEC) officials had to remind Volkswagen of Chattanooga officials that they were past due on certain reports they agreed to file in exchange for corporate welfare. Read More
The Tennessee Department of Economic and Community Development will reportedly give $90,000 in corporate welfare to a pet food manufacturer. Read More
The Tennessee Department of Economic and Community Development will reportedly bestow corporate welfare upon a new business in Cleveland, near Chattanooga. This, according to this week’s Cleveland Daily Banner. The reported recipient of this money is called Triumph Sheets LLC, an affiliate of Schwarz Partners. An unnamed representative of… Read More
Two men took government money and promised to bring 1,000 jobs to Pikeville in Bledsoe County, but they ended up not fulfilling their end of the agreement, according to various news outlets. They ended up taking a sizable amount of money from the government they weren’t entitled to, according… Read More
Memphis officials want corporate welfare for a new fictionalized drama that could film regularly on location in the city and air on NBC, according to The Memphis Business Journal. The show’s working title — Bluff City Law. The website compares these potential incentives to what state officials gave the ABC… Read More
The decision to give away more than $100 million in corporate welfare to lure Electrolux to set up shop in Memphis was so bad it was “the worst such deal in Tennessee history,” according to Bloomberg.com. In an article released this week, the national financial news website held nothing back… Read More
One could argue corporations play the Tennessee and Mississippi state governments against one another to get the best corporate welfare deals possible — at the expense of taxpayers in both states. Here’s how it works. Companies wait for Tennessee and Mississippi to pony up their incentives. Company leaders can only… Read More
Tennessee and Nashville officials say they do not expect Amazon’s brush-off of New York to affect the retail behemoth’s decision to open an operations center in Music City. Amazon last Thursday said it would not build its second headquarters in New York City, called HQ2, because of pushback there, The… Read More
Tennessee officials reportedly made concessions to Volkswagen to get the company to construct a new electric vehicle plant in Chattanooga, according to The Chattanooga Times Free Press. But, as the paper went on to say, state residents may not yet see a list of those concessions, which are apparently financial.… Read More
A federal appeals court just ruled that states that hand out TV and film credits — as Tennessee does — can prosecute people who lie or mislead to get those corporate welfare benefits. Tennessee gave out millions of dollars in incentives to the fictionalized TV drama “Nashville” and more than… Read More