Posted on: Tuesday - Jan 30, 2018
Posted by: Carly Schroer
Grants and investments to assist communities with local infrastructure and safety
NASHVILLE – Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Bob Rolfe recently approved nearly $25.5 million in Community Development Block Grants (CDBG), which assist communities with infrastructure improvements, health and safety initiatives and façade improvements in downtown commercial districts.
Manufacturer to invest $10 million to expand production capabilities in Weakley County.
NASHVILLE – Tennessee Gov. Bill Haslam, Department of Economic and Community Development Commissioner Bob Rolfe and MTD Consumer Group, Inc. officials announced today that the manufacturer will invest $10 million in its Martin operations over the next five years.
MTD is Weakley County’s largest private employer and a leading global manufacturer and distributor of residential and commercial outdoor power equipment under brands such as Cub Cadet and Troy-Bilt. The company plans to create 200 jobs in Weakley County as it adds production at the Martin facility.
“I’m very pleased to see MTD move ahead with this investment in Weakley County,” Haslam said. “Tennessee’s existing companies like MTD are the primary drivers of our state’s economic growth. MTD’s expansion is a strong vote of confidence in the people of Martin and another sign that Tennessee will lead in attracting quality jobs to our rural communities.”
MARTIN, Tenn. – Tennessee Gov. Bill Haslam, Department of Economic and Community Development Commissioner Bob Rolfe and Dong-A Hwa Sung Co., LTD. officials announced today that the company will locate its first U.S. operations, Dong-A USA, Inc., in Martin. The home appliance and automotive supplier will create approximately 220 jobs and invest $13 million in Weakley County, which represents the largest and only foreign direct investment in Weakley County’s history.
“Dong-A’s decision to locate its first U.S. facility in Weakley County and create more than 200 new jobs in Martin is another victory for our state,” Haslam said. “Tennessee continues to be a strong location for foreign direct investment, with more than 140,000 Tennesseans employed at foreign-owned companies. Because of significant investments like this, Tennessee will lead in the creation of high-quality jobs. I appreciate Dong-A for its investment in Weakley County and for its commitment to Tennessee.”
Governor Haslam, Commissioner Rolfe Announce Tyson Foods, Inc. to Create 1,500 New Jobs in Humboldt
Posted on: Monday - Nov 20, 2017
Leading food processor to invest more than $300 million.
HUMBOLDT, Tenn. — Tennessee Gov. Bill Haslam, Department of Economic and Community Development Commissioner Bob Rolfe and Tyson Food, Inc. officials announced today that the company will locate new operations in Gibson County.
Leading food processor, Tyson Foods, will create more than 1,500 jobs and invest over $300 million in Humboldt, which represents Tyson’s biggest investment in Tennessee and the single largest investment in Gibson County’s history.
Manufacturer to create more than 170 new jobs
PARIS, TENN. – Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd along with Eurotranciatura USA officials today announced the manufacturer is investing $ 12.6 million to expand its operations in Paris over the next five years. Eurotranciatura, a subsidiary of the world’s largest steel lamination company for electrical rotating machines, will create more than 170 new jobs as part of the expansion.
Eurotranciatura’s investment includes upgrades and new equipment for its existing manufacturing plant in Henry County. Eurotranciatur a will also build a roughly 30,000 square foot distribution warehouse near its current plant to accommodate growth and reduce transportation costs.
Structural storage racking system manufacturer to invest $17.4 million, create 120 new jobs
DYERSBURG, Tenn. — Tennessee Gov. Bill Haslam, Department of Economic and Community Development Commissioner Bob Rolfe and Frazier Industrial Company officials today announced the company will build a new manufacturing facility in Dyersburg. The leading structural storage racking system manufacturer will invest approximately $17.4 million and create 120 new jobs in Dyer County.
“In Tennessee, we are known for our highly skilled workforce, especially in the manufacturing sector, and it means a great deal that Frazier wil l be adding even more jobs to this steadily growing sector,” Haslam said. “I want to thank Frazier for its commitment to create more than 100 jobs in Dyersburg and for bringing us one step closer to our goal of making Tennessee the No. 1 location in the Southeast for high quality jobs.”
Leading condiment producer to invest $20 million, create 150 new jobs
DYERSBURG — Tenness ee Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd along with Develey Mustard & Condiments Corporation officials announced today the company will locate its first North American production facility in Dyersburg. Develey will invest $20 million in the new operation, creating 150 jobs in Dyer County over the next five years.
“We welcome Develey to Dyersburg and thank the company for choosing Tennessee as its first location of operations in North America,” Haslam said. “Develey joins more than 1,000 registered food and beverage manufacturers operating throughout our state. The new jobs created through this project will have a great impact on our West Tennessee workforce and help support our goal of becoming the No. 1 location in the Southeast for high quality jobs.”
Funds to support local health, public safety, economic development and education initiatives
NASHVILLE – The Tennessee Department of Economic and Community Development announced today the 63 counties that will receive ThreeStar Competitive Grants.
The grants will be used for a variety of local programs addressing economic development, public safety, health, education and workforce development.
To be eligible to apply for these grants, each community must meet all ThreeStar program requirements. ThreeStar focuses on best practices in five key co mmunity areas, including jobs and economic development, fiscal strength and efficient government, public safety, health, education and workforce development.
On April 11, representatives from the Obion County Joint Economic Development Council and Chamber of Commerce, Tennessee Department of Economic and Community Development, Williams Sausage, CenterPoint Business Solutions, Commercial Bank, NW Tennessee Workforce Board, TCAT Newbern, and Obion County Schools met to discuss the implementation of the Work Ethics Certificate program in Obion County Schools, and the impact it could have on employment in our area.
By Eli Dile
It has long been a common practice among economic development organizations to invest in speculative shell buildings as a business attraction tool. Spec buildings make a community more competitive in the site selection process by reducing the time and upfront costs for a company to get up and running in a new community. But spec buildings don't come without risk. Capital is tied up in construction, and there's no guarantee a company will ever buy or lease it. Plus, constructing a building without a specific industry in mind can limit the range of potential end users, as many have specific facility requirements.