Economic & Community Development

Governor, Commissioner Welcome VICAM to Coffee County

Wednesday, March 09, 2011 | 12:16 pm
JVC, Viam, Oyama Chemical Develop New Company with $32 Million Investment, 70 New Jobs
 
NASHVILLE, Tenn. — Governor Bill Haslam and Economic and Community Development Commissioner Bill Hagerty along with Ryuji Matsumoto, president of VIAM Manufacturing Inc., announced plans today to locate VICAM in Manchester, Tenn. The company is a newly formed subsidiary of leading nonwoven materials producer Japan Vilene Company (JVC) to be managed by VIAM Manufacturing and utilize technology developed by Oyama Chemical. VICAM will build a facility for the production of a polyester-based carpet fiber that is expected to open in January 2012, and represents an investment of $32 million and 70 new jobs when all phases of construction are complete. 

ECD Announces Winners of Statewide Entrepreneurship Video Competition

Tuesday, March 01, 2011 | 04:19 pm

Brooks Shaw & Son Old Country Store of Jackson Takes Top Prize

NASHVILLE — Tennessee Economic and Community Development Commissioner Bill Hagerty today announced Brooks Shaw & Son Old Country Store of Jackson as the winner of the second annual statewide entrepreneurship video competition – “What Makes You an Entrepreneur?” Brooks Shaw & Son Old Country Store will receive a $500 cash prize in addition to a professional marketing package valued at $2,000 for the business.

Two Three-Star Communities Receive TNCPE 2010 Commitment Award

Friday, February 25, 2011 | 03:56 pm

Cumberland and Wayne Counties Honored for Strategic Planning Efforts

 NASHVILLE – Tennessee Department of Economic and Community Development Commissioner Bill Hagerty applauded Cumberland and Wayne counties on their 2010 Commitment Awards presented on Wednesday, Feb. 23, 2011 by the Tennessee Center for Performance Excellence (TNCPE). The two Three-Star communities have completed a rigorous evaluation and feedback process based on criteria from the Baldrige Performance Excellence Program.

Governor Haslam, Commissioner Hagerty Announce New Investment in Greene County, TN

Tuesday, February 22, 2011 | 10:36 am
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Austin Powder, Inc to Invest $110 Million, Create 80 New Jobs
 
NASHVILLE, Tenn. – Governor Bill Haslam and ECD Commissioner Bill Hagerty today joined with executives of Ohio-based Austin Powder, Inc to announce the company’s plan to build a manufacturing facility for the production of liquid ammonium nitrate on a 400 acre site near the intersection of I-81 and Highway 11E in Greene County, Tennessee. The company will invest more than $110 million and create 80 new jobs with an annual payroll of $4 million. The facility will operate under the name U.S. Nitrogen.
 

Mitsubishi Electric Power Products to Build Transformers in Memphis

Monday, February 14, 2011 | 11:34 am

$200 Million Investment to Bring 275 HQ and Production Jobs to Tennessee

NASHVILLE – Governor Bill Haslam and Commissioner Bill Hagerty of the Tennessee Department of Economic and Community Development today joined with Brian Heery, president and CEO of Mitsubishi Electric Power Products, Memphis Mayor A C Wharton and Shelby County Mayor Mark Luttrell to announce the company’s decision to invest $200 million to build a production facility for electric transformers in the Rivergate Industrial Park in Memphis, Tennessee, creating up to 275 new jobs. The new facility will produce extra-high voltage shell type power transformers and will be Mitsubishi’s national headquarters for the production of heavy electrical equipment. Mitsubishi Electric Power Products, Inc is part of a business group owned by Mitsubishi Electric Corporation of Tokyo, Japan.

West Tennessee Solar Farm Receives Environmental Approval

Wednesday, February 02, 2011 | 03:17 pm
U.S. Dept. of Energy Issues Finding of No Significant Impact, Project Moves Forward
 
NASHVILLE, TN – Governor Bill Haslam and Commissioner Bill Hagerty of the Tennessee Department of Economic and Community Development announced today that the U.S. Department of Energy (DOE) has completed its environmental review for the West Tennessee Solar Farm in Haywood County and issued a Finding of No Significant Impact (FONSI), which means the project complies with all applicable federal regulation for environmental protection. The review was conducted under guidelines specified in the National Environmental Policy Act and was part of the requirement for utilizing American Recovery and Reinvestment Act funding for the project. The finding allows site preparation and installation to begin on the five-megawatt solar array.