Industry mag names Tennessee 'State of the Year'

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

Jan 14, 2014 11:05 AM

Franklin Synergy parent to buy MidSouth for $38M

Combined bank will rank 11th in MSA deposit share [Updated with execs' comments]
Nov 21, 2013 11:07 AM

Rutherford ranks third nationally for employment growth

For the fifth consecutive quarter, Rutherford County ranks among the nation’s top counties in terms of employment growth, according to a recently released U.S. Bureau of Labor Statistics report.

While national employment, measured by the Quarterly Census of Employment and Wages (QCEW) program, is up 1.9 percent, Rutherford County demonstrated a 6.4 percent increase, making it third in the nation for percentage increase in employment.

“Destination Rutherford continues to be the economic development engine for our community, and this report tells us what we already know — our efforts are working,” Bill Jones, Destination Rutherford chairman, said in a releae. “The fact that we have been a top county in the nation five times in a row demonstrates that this is not an isolated incident. We have created and continue to implement a program that makes ongoing job growth possible.”

The Fourth Quarter 2012 County Employment and Wages report indicates that employment increased in 287 of the 328 largest U.S. counties, of which Rutherford is included. The report measures employment growth from December 2011 to December 2012.

The employment and wage data in the report are compiled under the QCEW program and derived from reports submitted by every employer subject to unemployment insurance laws. The 9.2 million employer reports cover 133.7 million full- and part-time workers.

The full report is available here.
 

Jun 27, 2013 1:26 PM

Nashville developer Sohr sells Smyrna lots to major homebuilder

D.R. Horton to build five home plans in Sam Ridley area
Mar 1, 2013 7:00 AM

New 'Boro apartments getting restaurant/bar

Ohio-based Lifestyle Communities has received approval to add a restaurant and bar to their Henley Station apartment complex near the Avenue shopping center in Murfreesboro. Henley Station will comprise 400 one- and two-bedroom townhome-style units. Lifestyle Communities execs expect to welcome the first Murfreesboro residents this fall and build other area projects.

The Goat serves as the center of social life at Henley Station. It will offer locals and Henley Station residents a destination for live music, happy hour, catching games, and it will serve as the host for year-round resident events. And for those looking for a little friendly competition, The Goat has a full schedule of sand volleyball, euchre, and cornhole leagues.

Feb 14, 2013 11:02 AM

Middle Tennessee Christian School names president

Lipscomb GC helped drive university's institutional overlay effort
Feb 11, 2013 2:53 PM

New Rutherford chief for FirstBank

Former MidSouth president had been with Tullahoma lender
Jan 22, 2013 10:50 AM

Keel to chair MTSU recording industry department

Music business pro recently returned to alma mater after Universal Music Group stint
Jan 15, 2013 12:50 PM

MTSU set to join conference shuffle

Middle Tennessee State University athletics officials have scheduled a press conference for 10 a.m. tomorrow at which they are expected to announce that the school will soon begin playing sports in Conference USA. MTSU has been a member of the Sun Belt Conference since 2001. CUSA features, among others, Marshall, Rice, Southern Miss, Tulsa, UAB and UTEP.

Nov 28, 2012 1:46 PM

Southern Bank of Tennessee opens in Rutherford, Wilson

Financial institution is Middle Tennessee's first start-up since 2008
Nov 14, 2012 7:00 AM