Tennessee Business Expansions On Rise Across State

In 2016, Tennessee was named State of the Year for Economic Development by Southern Business & Development Magazine based on project totals and the variety of industries that invested in the state and created jobs.

So far in 2017, Tennessee is well on its way to living up to this recognition, with multiple major job announcements made since the beginning of the year.

Since January 1, Tennessee’s top economic development projects have included:

• LKQ Corporation — Creation of 150 new jobs in Davidson County

• Call 2 Answer, LLC — Investment of $800,000 and the creation of 250 new jobs in Maury County

• AkzoNobel — Investment of $10 million over the next five years and the creation of 70 new manufacturing and professional service jobs in Davidson County

• Forrester Research, Inc. — Creation of 120 new jobs and local investment of $2.8 million in Davidson County and surrounding areas

• Teknor Apex — Creation of 50 new jobs and investment of $32.2 million in Haywood County

• Williams Sausage Company, Inc. — Creation of 226 new jobs in Obion County over the next five years

• V&F Transformer Corporation — Investment of $1.4 million and the creation of 50 new jobs in Clay County

• La-Z-Boy — Investment of $26 million and the creation of 115 new jobs in Rhea County

• KaTom Restaurant Supply, Inc. — Creation of 100 new jobs and investment of $3 million in Sevier County

• SmileDirectClub — Creation of 440 new jobs in Davidson County

• Science Applications International Corporation — Creation of 300 new jobs over the next five years in Cookeville

• Rockline Industries — Investment of $40.3 million and creation of 250 new jobs in Morristown

• Orchid Paper Products — Establishment of new headquarters in Brentwood and creation of 25 new jobs

• LG Electronics Inc. — $250 million investment and creation of 600 new jobs in Montgomery County

• MIG Steel Fabrication, LLC — Creation of 20 new jobs and $1.5 million investment in Henderson County

• Sedgwick Claims Management Services, Inc. — Investment of $34 million and creation of 150 new jobs in Memphis

Tennessee has rapidly climbed the ladder over the last several years as one of the overall best-managed states in the nation. Not only is Tennessee one of only a handful of states with a higher bond rating than that of the federal government — a major indicator that showcases our state’s stable fiscal environment — the state continues to rack up economic development awards from publications and rating agencies from across the country.

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