Oak Ridge Today

Tennessee again named economic development ‘State of the Year’

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Governor Bill Haslam

Bill Haslam

Tennessee first state to win award in back-to-back years

NASHVILLE—Tennessee Governor Bill Haslam announced Monday that Business Facilities, a leading national publication focused on site selection and economic development, has named Tennessee its 2014 State of the Year for a second consecutive year.

Tennessee becomes the first state in the award’s history to win back-to-back honors for economic development efforts and the first state to win the designation three times, winning in 2014, 2013, and 2009, a press release said.

“It is an honor to be the first state to receive this recognition two years in a row,” Haslam said. “We have a great story to tell in Tennessee. Businesses continue to make the decision to locate, expand and grow here, and we are grateful for those strong partnerships. We will continue doing all we can to make sure we offer an attractive business climate and skilled workforce to be the number one location in the Southeast for high quality jobs.” [Read more…]

Randy Boyd named state commissioner of economic, community development

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Photo courtesy UT Torchbearer

Photo courtesy UT Torchbearer

East Tennessee businessman Randy Body has been named commissioner of the Tennessee Department of Economic and Community Development, Governor Bill Haslam announced Thursday.

Boyd, 55, is chairman of Radio Systems Corporation, which he started in 1991. Radio Systems is headquartered in Knoxville and has more than 650 associates worldwide with offices in seven countries, a press release said.

Radio Systems is the company that donated $100,000 donation to the PetSafe Dog Park at Big Turtle Park in Oak Ridge.

The press release said Boyd is a successful entrepreneur who served as a full-time, unpaid special adviser to the governor for higher education in 2013, focusing on the “Drive to 55” initiative to bring the percentage of Tennesseans with college degrees or certificates from 32 percent up to 55 percent by the year 2025. Boyd’s work resulted in the Tennessee Promise, a program that provides two years of community college or a college of applied technology free of tuition and fees to graduating Tennessee high school seniors. [Read more…]

3M will invest $135 million, create 100 jobs at Clinton manufacturing facility

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Food Lion Distribution Center and 3M Company Manufacturing

The 3M Company purchased the former Food Lion Distribution Center on J.D. Yarnell Industrial Parkway in the Eagle Bend Industrial Park in Clinton on Friday. 3M paid roughly $14.4 million for the 772,00-square-foot building on 160 acres, and the company will use it to make products for the oil, gas, and automotive industries. (Photo courtesy Tim Thompson/Anderson County Economic Development Association)

 

Governor Bill Haslam

Bill Haslam

Note: This story was updated at 2:30 p.m. Dec. 8.

NASHVILLE—The 3M Company has purchased the former Food Lion distribution center in the Eagle Bend Industrial Park in Clinton and will use it to manufacture products for the oil, gas, and automotive industries. The company is expected to invest $135 million and create 100 new jobs in Anderson County.

Tennessee Governor Bill Haslam and Economic and Community Development Commissioner Bill Hagerty joined 3M Company officials in Nashville to announce the company’s investment on Friday afternoon.

3M purchased the 772,000-square-foot building on 160 acres on J.D. Yarnell Parkway in the Eagle Bend Industrial Park for roughly $14.4 million. The sale closed on Friday, said Tim Thompson, president of the Anderson County Economic Development Association. [Read more…]

ThreeStar status awarded to 85 counties, including Anderson, Roane

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Bill Hagerty

Bill Hagerty

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93 out of 95 counties meet audit committee requirement

NASHVILLE—The Tennessee Department of Economic and Community Development on Thursday announced that 85 out of 95 counties, including Anderson and Roane, have been awarded ThreeStar status. In addition, since the ThreeStar community development program began requiring eligible communities to create and maintain a County Audit Committee in January 2013, the number of counties with Audit Committees has increased substantially. As of March 2013, there were 32 audit committees around the state; as of July 2014, there are 93.

“The ThreeStar program is a vital component to our state’s overall level of success, providing counties with a proven roadmap for continued economic and community strength, which in turn helps Tennessee win new investment and jobs,” Economic and Community Development Commissioner Bill Hagerty said. “Tennessee has been recognized as the number one state in the nation for economic development, and these audit committees support Governor Haslam’s overarching goal of making Tennessee the most efficiently run state on every level. I congratulate all of our ThreeStar counties and those communities who are taking the initiative to create Audit Committees and work toward achieving fiscal strength and efficient government.”

The Audit Committees are designed to help each county improve their financial management and reporting practices, and help ensure the implementation of good internal controls to prevent or detect fraud, a step towards achieving fiscal strength and efficient government. [Read more…]

SL Tennessee expansion could be largest in industrial employment since World War II

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SL Tennessee Expansion Media Availability

Tennessee Gov. Bill Haslam, center, announces 1,000 new jobs as part of an $80.5 million expansion at auto parts manufacturer SL Tennessee in Clinton. Also pictured from left are Anderson County Mayor Terry Frank, U.S. Sen. Lamar Alexander, U.S. Rep. Chuck Fleischmann, Clinton Mayor Scott Burton, and U.S. Senator Bob Corker.

 

Note: This story was last updated at 11:30 a.m. July 26.

CLINTON—The 1,000 new jobs announced at SL Tennessee in Clinton on Friday could be the largest expansion of industrial employment in Anderson County since World War II, officials said.

SL Tennessee, an auto parts manufacturer, plans to invest $80.5 million to build a 250,000-square-foot plant on Frank L. Diggs Drive in the Clinton I-75 Industrial Park. It will be SL Tennessee’s LLC third building in the park, and the company’s fifth expansion since locating in Clinton in 2001. The new building will manufacture automobile head lights and tail lamps for General Motors.

The jobs announcement was made in the South Korean company’s Chassis Plant on Friday near workers assembling gear shifters and brake assemblies, mostly for GM. Marking the importance of the announcement, Gov. Bill Haslam was invited to speak and so were U.S. senators Bob Corker and Lamar Alexander and Rep. Chuck Fleischmann.

“This is obviously a big day,” said Haslam, who announced the new jobs. “It shows our growth in the automotive business.”

It’s the second announcement of more than 1,000 jobs at an automotive plant in East Tennessee in the past two weeks. Last week, Volkswagen announced a $600 million investment and 2,000 new jobs in Chattanooga. [Read more…]

State, SL Tennessee announce 1,000 new jobs in Clinton

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CLINTON—Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Bill Hagerty, along with SL Tennessee LLC officials, announced Friday that the company will build a new 250,000 square foot building to join its two existing facilities in the Clinton/I-75 Industrial Park, a Select Tennessee Certified Site. The South Korean automotive parts manufacturer will invest $80.5 million and create 1,000 new jobs in Anderson County. Located in Clinton since 2001, this will be the company’s fifth expansion.

“I want to congratulate SL Tennessee on its latest expansion and thank the company for the 1,000 new jobs created in Clinton,” Haslam said. “SL Tennessee has been an outstanding corporate citizen in Anderson County for nearly 15 years, and we are grateful to the company for bringing us one step closer to our goal of making Tennessee the No. 1 location in the Southeast for high quality jobs.”

“Tennessee has the greatest concentration of automotive industry employment in the South and with the addition of 1,000 new jobs from today’s announcement, we continue to build on this momentum,” Hagerty said. “Upon completion of this project, SL Tennessee will more than double its workforce, making it the largest employer in Clinton and one of the largest in Anderson County. I appreciate SL Tennessee’s continued investment in our state and for providing quality jobs to our citizens.”

This is the second 1,000 plus jobs announcement in the past two weeks in the automotive sector. Last week, Volkswagen announced a $600 million investment in Tennessee and 2,000 new jobs being created in Chattanooga. [Read more…]

Tennessee named ‘2013 State of the Year’ for economic development

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Governor Bill Haslam

Bill Haslam

Business Facilities magazine cites diverse top projects in award

NASHVILLE—Tennessee is the “2013 State of the Year,” according to Business Facilities magazine, a national economic development publication.

Tennessee’s top five economic development projects created a total of 6,900 jobs and $3.2 billion in capital investment, and they included seven expansions and three new recruitments. The magazine picked the state after evaluating the top five projects for the number of jobs created and amount of capital invested from Oct. 1, 2012, through Oct. 31, 2013.

“A lot of hard work goes into keeping Tennessee competitive, and I want to thank Business Facilities for recognizing the efforts of so many people across the state,” Gov. Bill Haslam said. “We understand that jobs are created when someone is willing to risk capital, and we will continue working to make Tennessee a great place to invest.” [Read more…]

Aisin auto casting announces $53.8 million expansion in Clinton

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An auto parts manufacturer in Clinton has announced a second major expansion, a $53.8 million investment expected to create 81 new jobs during the next two years.

The investment was announced Tuesday by Tennessee Economic and Community Development Commissioner Bill Hagerty and executives from Aisin Holdings of America Inc.

The company’s subsidiary in Clinton is called Aisin Automotive Casting Tennessee, and it’s located along Frank L. Diggs Drive south of State Route 61 and just west of Interstate 75. It’s the company’s second major business expansion since locating in Tennessee in 2004. [Read more…]

Clinton industrial site one of four state certified sites

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Four additional sites are declared “shovel ready”

NASHVILLE—The Tennessee Department of Economic and Community Development announced the next four Select Tennessee Certified Sites, and a site in Clinton is among those selected.

The four newest sites are:

  • American Way Site: Lauderdale County (American Way, Ripley)
  • City of Milan Industrial Park Site: Gibson County (Denton Fly Road, Milan)
  • Clinton/I-75 Industrial Park Site 2R: Anderson County (Frank Diggs Drive, Clinton)
  • Rialto Industrial Site: Tipton Co. (US Highway 51N, Covington) [Read more…]

State encourages shopping at local stores, restaurants on Small Business Saturday

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NASHVILLE—While the day after Thanksgiving may be the unofficial kick-off to the holiday shopping season, Small Business Saturday is gaining popularity and momentum in Tennessee and around the United States.

Small Business Saturday began in 2010 as an American Express initiative, and it has grown into a movement that millions of individuals, businesses, and communities have embraced nationwide—and continue to support each and every day. On Saturday, Nov. 30, hundreds of Tennessee businesses will open their doors as customers are encouraged to “Shop Small.” [Read more…]

New Nashville center for financial services firm UBS to add 1,000 jobs

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Tennessee and Nashville officials announced Wednesday that UBS, a global financial services firm, will establish a shared services center in Nashville, adding 1,000 jobs. It’s a $36.5 million investment, officials said.

UBS currently provides operations support in Nashville through more than 200 employees and has a full-service wealth management office, a press release said. The new UBS Nashville Business Solutions Center will offer expanded business services in support of their wealth management and investment banking divisions. [Read more…]

State announces first Select Tennessee Certified Sites, including Horizon Center area

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Tennessee Certified Site at Horizon Center

The Select Tennessee Certified Site is pictured above at Horizon Center. (Submitted photo)

NASHVILLE—The Tennessee Department of Economic and Community Development announced on Tuesday the first six Select Tennessee Certified Sites.

As previously reported on Oak Ridge Today, one of the sites is at Horizon Center in west Oak Ridge.

The Select Tennessee program was launched in June 2012 with the goal of helping Tennessee communities prepare available sites for investment and expansion. The program sets a consistent and rigorous standard upon which companies can rely in making critical location decisions. [Read more…]