Oak Ridge Today

UT: Expertise in materials science, additive manufacturing helps draw CVMR to Tenn.

Posted at
By Leave a Comment

Michael Hargett and Kamran Khoza of CVMR USA

CVMR President Michael Hargett, left, and Kamran Khozan, chairman and chief executive officer, joined local, state, and federal officials on Friday, March 13, to announce they’re moving company headquarters from Toronto to Oak Ridge, investing $313 million and adding 620 jobs.

 

Tennessee Governor Bill Haslam and Economic and Community Development Commissioner Randy Boyd announced last week that CVMR Corporation is relocating its global headquarters to Oak Ridge from Toronto, Canada. CVMR provides materials for additive manufacturing and announced it will create 620 jobs.

During recruitment of CVMR, University of Tennessee officials assisted the state and hosted the company at UT Knoxville to visit with engineering and chemistry faculty and learn about graduate programs, such as the Bredesen Center for Interdisciplinary Research and Graduate Education, as well as internships and co-ops for students, a press release said. UT System officials provided information about technology transfer, the UT Research Foundation, and Cherokee Farm Innovation Campus. CVMR also learned more about the University’s role in leading the Institute for Advanced Composites Manufacturing Innovation, or IACMI, a $259 million partnership announced by President Barack Obama in January. [Read more…]

Tennessee again named economic development ‘State of the Year’

Posted at
By Leave a Comment

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…]

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

Posted at
By Leave a Comment

Submitted

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…]