Economic & Community Development

Four Tennessee Businesses Honored with Community Impact Awards

Thursday, March 15, 2012 | 09:06 am

Companies and ECD Honored for Efforts in Community Impact and Economic Development

NASHVILLE – The publishers of Trade & Industry Development magazine, a national economic development publication, have named Amazon.com, Inc., General Motors, Quaprotek USA, MANN+HUMMEL USA and the Tennessee Department of Economic and Community Development among the recipients of its 2012 Corporate Investment & Community Impact (CiCi) Awards. With more than 700 project submissions throughout North America, these projects were chosen as four of only 15 finalists in the Community Impact division of the CiCi Awards, totaling the most for any state.

Commissioner Hagerty, Mayor Dean Announce Harris Research, Inc. to Establish New Regional Headquarters in Nashville

Wednesday, March 14, 2012 | 11:42 am

Top Ranked Franchise Company to Create 30 New Jobs, Invest More Than $1 Million

NASHVILLE – Economic and Community Development Commissioner Bill Hagerty and Nashville Mayor Karl Dean announced today that Harris Research, Inc. (HRI) is establishing a new regional headquarters in Nashville. The company, which offers franchises under the in-home consumer services brands Chem-Dry and N-Hance, will create 30 new jobs and invest more than $1 million in its new 8,500 square foot space in the Braid Building in Nashville’s Gulch area.

Leiper's Fork Earns Main Street Certification

Wednesday, February 29, 2012 | 02:32 pm

Community Applauded for Downtown Revitalization Efforts

NASHVILLE – The Tennessee Department of Economic and Community Development announced today that Leiper’s Fork, located in Williamson County, has achieved Tennessee Main Street certification. The community joins 23 other Tennessee Main Street communities that are certified through the state program and accredited by the National Main Street Center, a program of the National Trust for Historic Preservation.

Governor Haslam, Commissioner Hagerty Welcome Oxford Diagnostic Laboratories to Shelby County

Monday, February 27, 2012 | 04:16 pm

Medical Diagnostic Laboratory to Invest $3 Million, Create 65 Jobs in Memphis

NASHVILLE – Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Bill Hagerty today joined with Memphis and Shelby County officials to announce the decision by Oxford Diagnostic Laboratories to open a new laboratory in Memphis. The company will invest $3 million and create 65 lab processing, medical technologist and management positions.

Snap-On Tools to Expand in Elizabethton

Thursday, February 23, 2012 | 03:59 pm

NASHVILLE – Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Bill Hagerty, along with company and local officials, recently announced that Snap-on Tools will expand its Elizabethton facility. Established in 1974, the Carter County location manufactures hand tools used primarily in the professional automotive repair industry.

Governor Haslam, Commissioner Hagerty, Mayor Dean Announce Expansion of HCA's IT Operations

Wednesday, February 22, 2012 | 12:28 pm

Healthcare Services Company to Create Approximately 155 IT Jobs, Invest $200 Million

NASHVILLE – Tennessee Gov. Bill Haslam, Economic and Community Development Commissioner Bill Hagerty and Nashville Mayor Karl Dean, along with company officials, today announced that HCA (NYSE:HCA) plans to build a new data center at The Crossings in Antioch, Tenn. and expand its existing IT locations in the Nashville region. The construction and expansion plans represent a total investment in excess of $200 million and the creation of approximately 155 IT jobs during a five-year period.

Nucor to Expand in Memphis

Friday, February 17, 2012 | 04:33 pm
Steel Manufacturer to Create Approximately 27 New Jobs
 
NASHVILLE– Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Bill Hagerty, along with Shelby County officials and Nucor representatives, today announced the company’s plans for modernizing and enhancing its Memphis facility, located at 3601 Paul R. Lowry Road. The company will create approximately 27 new jobs.

TTDC Releases Additional INCITE Co-Investment Fund Detail

Thursday, February 09, 2012 | 04:55 pm

Qualified Investment Applications Can be Submitted Starting Feb. 15

NASHVILLE –
The Tennessee Technology Development Corporation (TTDC) released final details of the INCITE Co-Investment Fund today including the Qualified Investment Application, Co-Investment Agreement, and Required Terms. All these documents, as well as revised program guidelines and other information pertaining to the program, can be viewed on TTDC’s website at www.tntechnology.org/incite.

OTICS USA, Inc. to Expand Morristown Location

Friday, February 03, 2012 | 09:02 am

Automotive Parts Manufacturer to Invest $24.8 Million, Create 67 New Jobs in Hamblen County

NASHVILLE – Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Bill Hagerty along with representatives from OTICS USA, Inc. announced the company will expand its Morristown, Tenn. facility. As a result of increased market demand, the automotive parts manufacturer will invest an additional $24.8 million and create 67 new manufacturing jobs.

Governor Haslam, Commissioner Hagerty Release ECD 2011 Annual Report Detailing Historic, Transformative Year

Tuesday, January 31, 2012 | 03:28 pm
28,535 Jobs Created, $4 Billion Invested, Average Incentive Cost per Job Reduced by 50 Percent
 
NASHVILLE, Tenn. – Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Bill Hagerty today released the department’s 2011 Annual Report, which details successful changes and historic milestones achieved by the department over the past year. In 2011, ECD projects and private sector growth accounted for 28,535 new jobs in Tennessee and more than $4 billion in investment. After reshaping the model for economic development, ECD had one of the most productive years in the state’s history, and job creation hit its highest mark in the last five years and since the onset of the global recession.