Tennessee was named recipient of Area Development's 2015 Gold Shovel Awards in recognition of projects undertaken in 2014, which created a significant number of high-value-added new jobs as well as investment. The Volunteer State last received Gold Shovel awards in 2012 and 2009 and Silver Shovel awards in 2011 and 2010.May 2015
Tennessee was named the “Fourth Best State in the Country for Business" by Chief Executive magazine on its 2015 Best & Worst States for Business list. The 11th annual survey of CEOs graded states on measures that included tax and regulatory regime, quality of the workforce and quality of life.
In the May 2015 issue of Site Selection magazine, the Volkswagen Chattanooga expansion was named a Top North American Deal of 2014, with an investment by the company of $600 million and the creation of more than 2,000 jobs. The Top Deals were determined by level of capital investment, degree of high-value jobs, regional economic impact, competition for the project and speed to market.
In the same issue of Site Selection magazine, Tennessee was named the fourth most competitive state in the U.S. for economic development.March 2015
Tennessee received honors in Trade & Industry Development’s 10th annual Corporate Investment & Community Impact (CiCi) Awards for Volkswagen's Chattanooga expansion. This expansion will add an additional manufacturing line and create the National Research & Development and Planning Center of Volkswagen Group of America