LG Chem Announces $3.2 Billion Investment in Tennessee

A cathode manufacturer is set to make the largest foreign investment in Tennessee in the Volunteer State’s history, according to the Department of Economic and Community Development (TDECD).

“LG Chem’s anticipated investment of approximately $3.2 billion represents the single largest announced foreign direct investment in Tennessee’s history. The project is expected to create 860 new jobs in Montgomery County,” according to a TDECD press release. “The Clarksville facility will be the largest of its kind in the U.S. and is expected to produce roughly 120,000 tons of cathode material annually by 2027, which is enough to power batteries in 1.2 million electric vehicles with a range of 310 miles per charge.”

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Department of Economic and Community Development Announces Two Major Projects Coming to Knoxville, Clarksville

On Wednesday, the Tennessee Department of Economic and Community Development (TNECD) announced two new economic investment projects are underway in the Volunteer State that are expected to create 175 new jobs in total.

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Hardcoat Technologies LLC Announces $6.6 Million Expansion in Knox County

On Friday, Hardcoat Technologies LLC officials announced that the company will invest $6.6 million to expand manufacturing operations at its Papermill Drive location in Knoxville.

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Ford Breaks Ground on BlueOval City in West Tennessee

Ford broke ground on BlueOval City, a new electric vehicle and battery manufacturing facility, on Friday less than a year after the company first announced the project.

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Bridgestone to Make $500 Million Expansion in Warren County

One of the world’s largest tire companies is making a $500 million investment to expand its operations in Tennessee, creating more jobs in the Volunteer State.

Bridgestone’s investment strengthens the global competitiveness of the company’s U.S. manufacturing operations and commitment to its U.S. labor force. Bridgestone will create 380 new jobs at its Warren County facility, increasing its existing headcount of 1,100 to more than 1,400, and bringing the total number of Bridgestone’s U.S. manufacturing workforce to nearly 10,000,” according to the Tennessee Department of Economic and Community Development (TNECD).

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Manufacturing Company Announces $95 Million Investment in Bedford County

Duksan Electera America, Inc. officials announced Wednesday that the company will invest $95 million to locate its first North American manufacturing facility in Shelbyville, Tennessee. Duksan Electera is a branch of the South Korean-based Duksan Group which is an advanced material manufacturer.

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New Company Invests $8.2 Million in Williamson County to Relocate Headquarters from Illinois

Highland Ventures Ltd. officials announced Monday that the company will invest $8.2 million to relocate its headquarters operations from Glenview, Illinois, to Brentwood, Tennessee. The company “is planning to take advantage of the unprecedented growth” within Brentwood to support its expansion strategies.

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TechnologyAdvice, LLC Announces $2.7 Million Investment in Nashville to Expand Headquarters

TechnologyAdvice, LLC officials announced this week that the company would invest $2.7 million to expand its headquarters and other back-office functions in Nashville, Tennessee.

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iFixit to Invest $24.2 Million in Chattanooga, Creating 201 New Jobs

iFixit officials announced Monday that the company will establish its East Coast hub for distribution and innovation in Chattanooga. iFixit will invest $24.2 million and create 201 new jobs in Hamilton County over the next five years, according to a press release by the Tennessee Department of Economic and Community Development (TNECD).

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Kroger Expected to Bring 180 Jobs to Nashville with New ‘Spoke’ Facility

Kroger Fulfillment Network, LLC officials announced Thursday that Kroger Co. will offer more Americans product delivery through the addition of a “spoke” facility in Nashville. The project is expected to bring 180 new jobs to Davidson County.

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City of Madisonville Achieves Tennessee Main Street Accreditation

The Tennessee Department of Economic and Community Development (TNECD) announced Wednesday that Madisonville has achieved Tennessee Main Street accreditation.

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Bob Rolfe Officially Exits Department of Economic and Community Development with Farewell Message

Bob Rolfe officially exited the Tennessee Department of Economic and Community Development (TNECD) to enter the private sector Friday with a farewell message shared to social media. Rolfe has served as TNECD Commissioner since March 2017, when he was appointed by former Tennessee Governor Bill Haslam.

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VK Integrated Systems Relocating Manufacturing Operations from California to Clarksville, Tennessee

VK Integrated Systems (VKIS) announced Friday that the company will invest $840,000 to relocate its manufacturing operations from Fullerton, California, to Clarksville, Tennessee by breaking ground on the new manufacturing site in Montgomery County.

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3M Set to Expand Manufacturing Operations in East Tennessee, Invest $470 Million

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.”

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New REI Distribution Center to Bring Nearly 300 Jobs to Lebanon

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.

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Parkway Products to Bring New Jobs to Tennessee

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.”

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Yet Another Company Abandons California for Tennessee, Announces New Jobs for Volunteer State

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.

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Life Sciences Facility to Bring over One Thousand Jobs to Tennessee

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.

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Tennessee Doles Out $108.5 Million in Economic Development Grants in First Half of 2021

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.

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Tennessee Government Gave $3 Million to Businessmen Who Committed Fraud, Audit Reveals

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.

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Governor Lee Announces Amazon Expansion in East Tennessee

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. 

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New Report Highlights Tennessee’s in-Demand Jobs

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.

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New Facebook Data Center Could Make Big Impact in Gallatin, Report Says

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.

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West Tennessee Port That Has Accepted Millions of Taxpayer Dollars Since 2010 Still Has Not Created One Job

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.

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Tennessee Officials Give $1 Million to the Cleveland/Bradley Industrial Development Board Hoping to Attract New Business

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.

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ECD Hands Out Corporate Welfare to Company Moving to Cleveland, Tennessee

  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…

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Two Men Allegedly Commit Fraud on Bledsoe County and the Tennessee Government

  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…

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New Memphis TV Show ‘Bluff City Law’ Wants Corporate Welfare

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…

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Tennessee’s Electrolux Disaster ‘The Worst Such Deal’ in State History, Financial Expert Says

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…

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Companies Use Corporate Welfare to Pit Tennessee and Mississippi Against One Another

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…

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Tennessee, Nashville Officials Say All Is Well For Amazon to Open Operations Center With Up to $102 Million in Incentives

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…

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Volkswagen Reportedly Demanded Things from Tennessee Officials Before Announcing Chattanooga Electric Car Plant

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.…

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TV and Film Producers Who Cheat Tennessee Taxpayers Might Go to Jail

tv film production

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…

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