Posted on: Thursday - Oct 13, 2016
We had a busy and exciting third quarter. As a state, we added a few more accolades to the list, including “State of the Year,” and we continue to create jobs as companies locate and grow in Tennessee. I also had the opportunity to travel throughout the state presenting communities with “big checks” for various grants, and I can truly say that no one is disappointed to see you when you’re carrying one of those. As always, we want to thank the Governor and the members of our legislature who make all of this possible.
There are too many great things that happened during the third quarter to list them all, but following are a few of the highlights:
Since the start of the year through the end of the quarter, we have secured 14,290 job commitments from 129 companies representing $2.66 billion in capital investment. We are poised to have a great fourth quarter with many exciting projects in the pipeline and we expect to finish strong.
We celebrated a number of projects this quarter, including 1,370 new job commitments in a span of only four days!
- EuroTranciatura USA: 170 jobs in Paris
- Teleperformance: 500 jobs in Bristol
- Lowe’s: 600 jobs in Coopertown
- Precision Military Aerodynamics: 100 jobs in Dunlap
STATE OF THE YEAR
Tennessee was named 2016 “State of the Year” by Southern Business & Development magazine in July, which was outstanding news to receive after coming off of our 1,370 jobs week. Our state was chosen for its project totals and the variety of the industry sectors that invested in Tennessee and created jobs.
According to the report, there was a possibility Tennessee could have shared “Co-States of the Year” with Alabama, but fortunately for us, our neighboring state fell short by six projects. This was a big win for Team Tennessee and wouldn’t have been possible without all of the outstanding partnerships in place throughout the state that help these projects become a reality.
NO. 1 STATE FOR ADVANCED INDUSTRY JOB GROWTH
More great news!
In August, the Brookings Institution released a report on advanced industry job growth since 2013. Tennessee topped the list with 4.6 percent annual growth for these high-skilled jobs. With the highest percentage growth rate among U.S. states, Tennessee outpaced the national average of 2.46 percent annual advanced industry job growth. This recognition shows we’re making tremendous progress by adding highly-skilled jobs faster than any other state in the country. But most importantly, it shows that Tennessee is getting higher paying jobs that will have a meaningful impact on residents throughout the state.