When Elon Musk’s xAI supercomputer plan was announced in Memphis, there was not a press release from Tennessee’s Department of Economic and Community Development, meaning there is not a state FastTrack grant associated with the project.
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Tennessee Governor Bill Lee and Department of Economic and Community Development (TNECD) Commissioner Stuart McWhorter recently approved $36.6 million in grants that will be distributed across 78 communities in the Volunteer State.
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Tennessee Gov. Bill Lee spent more than $117,000 of taxpayer funds over a six-day economic development trip earlier this year, The Tennessean reported.
The group went to Paris and Bologna, Italy while promoting the Paris Air Show with a group that included six state employees, two of their wives and two members of the governor’s security detail, the newspaper reported.
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Malibu Boats officials recently announced the company will invest $75 million to expand its manufacturing operations in Lenoir City.
The company’s expansion project will mark its second plant located outside of its headquarters in Loudon. The new plant will be located at an existing facility in the Roane Regional Business and Technology Park.
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The Tennessee Department of Economic and Community Development (TNECD) has announced that five lenders in LendTN, a program developed for small business owners in the Volunteer State earlier this year.
According to a release, the following lenders are participating in the program:
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South Korean company Hanon Systems recently announced it will invest $170 million to establish a new manufacturing presence in Loudon.
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McNeilus Truck and Manufacturing, Inc., an Oshkosh Corporation [NYSE: OSK] company that manufactures purpose-built commercial vehicles and equipment announced Wednesday that it will invest $25.2 million to expand its manufacturing presence in Middle Tennessee.
According to the Tennessee Department of Economic and Community Development (TNECD), the company plans to expand operations at its current Parkway Place facility in Murfreesboro to fabric and weld custom vehicle components.
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The Tennessee Department of Economic and Community Development (TNECD) announced the availability of $185 million in grant funds to expand internet access in the state on Monday.
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Tennessee Governor Bill Lee and Tennessee Department of Economic and Community Development (TNECD) Commissioner Stuart McWhorter announced Thursday that approximately $5.9 million in Site Development Grant funds have been awarded to 10 community entities across the state.
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Enchem America Inc. officials announced Monday that the company will invest $152.5 million to establish electrolyte manufacturing operations in Haywood County, which is categorized as an “economically distressed” county by the Tennessee Department of Economic and Community Development (TNECD).
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Tennessee Governor Bill Lee and Tennessee Department of Economic and Community Development (TNECD) Commissioner Stuart McWhorter recently wrapped up a six-day economic development trip to France and Italy, Lee’s office announced Monday.
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Meco Corporation officials recently announced that the company will invest $27.8 million to expand its headquarters in Greene County.
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Kordsa, Inc. officials announced Wednesday that the company will invest $50 million to expand manufacturing operations at its Chattanooga facility.
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United Record Pressing officials recently announced that the company is investing $10.8 million to expand manufacturing operations at its headquarters in Nashville.
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Steamboat Transportation Group, LLC officials recently announced that the company will invest $2 million to expand and relocate its headquarters operations from Nashville to Brentwood.
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Toyota Boshoku Tennessee, LLC (TBTN) announced Thursday that it will invest $54.4 million to expand manufacturing operations at its metal stamping facility in Jackson.
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NYX Linden LLC recently announced that the company will invest $10.4 million to expand its current manufacturing operations in Perry County, which is categorized as an “economically distressed” county by the Tennessee Department of Economic and Community Development (TNECD).
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Big Valley Brands, LLC, also known as Big Valley Air, announced Wednesday the company will invest $1.4 million to expand its manufacturing operations in Sequatchie County, which is categorized as an “economically distressed” county by the Tennessee Department of Economic and Community Development (TNECD).
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The Webstaurant Store, LLC announced Tuesday that the company will invest $103.9 million to locate new distribution operations in Lebanon’s Speedway Industrial Park.
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The Robinette Company officials recently announced that the company would invest $10.3 million to construct a new 100,000-square-foot facility in Piney Flats.
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Pace Industries, LLC officials recently announced that the company will invest $2.8 million in Jackson to expand manufacturing operations at its Lower Brownsville Road facility.
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Custom foods manufacturer SK Food Group, Inc. announced that it will invest $205.2 million to construct a production facility in Cleveland, Tennessee.
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On Wednesday, ZLINE Kitchen and Bath announced a multimillion-dollar expansion in its Northwest Tennessee distribution operations by locating a new facility in Milan.
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Nokian Tyres officials recently announced that the company will invest $174.1 million to expand operations at its Dayton facility to “double its tire production capabilities.”
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In-N-Out Burger, the popular west coast fast food chain, has announced expansion plans to build restaurants and a corporate office in Tennessee by 2026.
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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.
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Tennessee-based company Summertown Metals, LLC officials recently announced that it would invest $11 million to expand its manufacturing and distribution operations in Lewis County.
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General Machine and Tool Company, Inc. officials recently announced that the company will invest $3.7 million to expand manufacturing operations at its headquarters in Elizabethton.
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HealthVerve Food Manufacturing USA, Inc. officials announced Thursday that the company will invest $2.2 million to establish new manufacturing operations in Livingston. HealthVerve was founded in 2006 and is a high-value food manufacturer that specializes in canning processes and invests in research and development to bring wholesome and nutritional products to the public.
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Governor Bill Lee and Department of Economic and Community Development (TNECD) Commissioner Stuart McWhorter recently approved $27.3 million in grants that will be distributed across 64 Tennessee counties.
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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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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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Athletic footwear and apparel manufacturer New Balance Athletics announced that the company will invest $68.5 million to establish a new distribution center in Lebanon.
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Piedmont Lithium officials announced Thursday that the company would invest $582 million to establish a lithium hydroxide processing, refining, and manufacturing facility in Etowah.
The new facility will be located at the North Etowah Industrial Park, creating 117 new jobs in McMinn County. According to the Tennessee Department of Economic and Community Development (TNECD), the facility will be America’s largest “lithium hydroxide processing” facility.
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Alfresco Pasta Brand, LLC held a grand opening ceremony Tuesday in Bells, Tennessee to celebrate the company’s expansion in Crockett County. The ceremony comes after the company announced in March its intention to invest $3.8 million to expand and relocate its operations from Nashville to Bells.
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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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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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In recent years, communities across Tennessee have considered pursuing a municipally-run broadband network. In July of 2021, this trend continued with the Knoxville Utilities Board’s (KUB) proposal for the largest municipal fiber network in the nation being approved unanimously by the Knoxville City Council. KUB’s broadband business plan came with a colossal $702 million price tag, as well as an estimated seven to ten year network build out, with the hopes of providing service to a four-county footprint, the majority of which would be located in Knox County, where the FCC estimates that 98.3% of the area has access to three or more broadband providers already.
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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 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 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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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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Commissioner Bob Rolfe announced his departure Tuesday from the Tennessee Department of Economic and Community Development (TNECD) in order to enter the private sector, according to a press release by the department.
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Five Star Food Service, Inc. officials announced Wednesday in a press release that the company will expand its headquarters operations in Hamilton County.
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Tri-City Extrusion, Inc. (TCE) officials recently announced that the company will invest $30.8 million to expand its manufacturing operations in Northeast Tennessee.
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Columbiad Fabrication and Aviation, LLC officials announced this week that the company will invest $4.8 million to expand its manufacturing operations in Henry County, creating 144 new jobs over the next five years.
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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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Tens of thousands more Tennesseans will be getting expanded broadband access soon, thanks to nearly $15 million in grants. Governor Bill Lee and Department of Economic and Community Development (TNECD) Commissioner Bob Rolfe announced this latest funding through the Broadband Accessibility Grant program in a joint press release on Friday.
The press release indicated that the grants would cover over 7,000 homes and businesses, which would impact just under 18,000 citizens. 13 providers were issued the grants in total. Counties impacted by the grants are Grainger, Coffee, Bledsoe, Roane, Obion, Lawrence, Benton, Hancock, Lauderdale, Bedford, Marshall, Meigs, Cumberland, and Weakley. TNECD has allocated nearly $60 million in broadband expansion grants to date.
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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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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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