Evaluating the number of jobs created and the amount of capital invested in a 13-month span, Business Facilities magazine gave the top recognition to Tennessee this year. Here's a breakdown of the projects they based their decision on, from the Haslam administration:
The top economic development projects for number of jobs created and amount of capital invested from Oct. 1, 2012, – Oct. 31, 2013, include the following.
Top Five Projects for Jobs
· Hankook Tire Co., Ltd (Montgomery County): 1,800 jobs
· ARAMARK (Davidson County): 1,500 jobs
· Nissan North America, Inc. (Rutherford County): 1,400 jobs
· Calsonic Kansei North America, Inc. (Bedford, Marshall and Rutherford counties): 1,200 jobs
· UBS (Davidson County): 1,000 jobs
Top Five Projects for Capital Investment
· Eastman Chemical Company (Sullivan County): $1.6 billion
· Hankook Tire Co., Ltd (Montgomery County): $800 million
· International Paper Company (Shelby County): $321 million
· Nike, Inc. (Shelby County): $276 million
· Alcoa, Inc. (Blount County): $275 million
Volkwagen CEO Martin Winterkorn today said the auto maker will plow another $7 billion into its North American operations between now and the end of 2018 to reach its goal of selling 1 million cars annually here. Key to that plan is the introduction of a mid-sized SUV that will be built on this continent and Bloomberg's Christoph Rauwald reports that insiders are leaning toward expanding their Chattanooga operations rather than build that car in Mexico.
United Auto Workers members in Spring Hill last week voted to approve with General Motors a new contract that will bring another 384 jobs here. The new positions cover a variety of work and are on top of the 1,800 people GM said this summer it planned to hire locally. The agreement — see the highlights here — also sets the stage for Spring Hill to receive two new "core products" — and presumably, some more jobs — in the near future. Local 1853 Shop Chairman Mike Herron tells Chambers Williams there's no way to tell when that will be and that it will happen "when the company decides the timing is right."
Growing weary of the trips to the West Coast and back, local entrepreneur Nick Holland has started a campaign to gauge how much support there is for a direct flight connecting Nashville International Airport to the Bay Area. Holland is spending a lot of time in Silicon Valley to build up his Populr.me microsite publishing tool under the umbrella of the 500 Startups incubator. So it's fitting that he's using a POP to push for the direct air connection. You can pledge your support for the cause here.
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