Tennessee has been ranked among the top states in Site Selection magazine’s annual rankings for economic development in 2009.
Tennessee rated No. 5, behind Ohio, Texas, Michigan and Pennsylvania.
The state said in a news release Wednesday that since January 2003, economic development projects in Tennessee have created more than 179,000 new jobs, $29 billion in new [...]
Entries Tagged as ‘News: Knoxville’
March 10, 2010
Magazine ranks Tennessee fifth in economic development
March 10, 2010
State awards grants to two East Tennessee towns for downtown help
Two East Tennessee towns were chosen to participate in Tennessee Downtowns, a program for cities and counties seeking to revitalize traditional commercial districts.
Jefferson City and Sweetwater were among two towns chosen statewide.
The eight others included Celina, Jefferson City, Martin, Milan, Mt. Pleasant, Monterey, Paris, and Selmer.
Winners were based on historic resources, need (economic and physical), [...]
March 4, 2010
Chattanooga: City job growth may outpace nation
Job growth in metropolitan Chattanooga should be 20 percent faster than the U.S. average in 2010, economists said today.
Alex Miron, associated economist at for Moody’s Economy.com, said employment in the six-county Chattanooga area should grow in 2010 by 1.2 percent, compared with a 1 percent employment growth nationwide.
The jobless rate will still rise to a [...]
February 24, 2010
Tennessee biorefinery to convert wood to fuel
Tennessee officials say two companies have signed an agreement to develop a biorefinery that will convert 1,000 dry tons of wood product per day to renewable diesel or jet fuel.
Hawaii-based ClearFuels will have the facility at the Hughes Hardwood wood component products manufacturing facility in Collinwood in Wayne County.
Officials said Tuesday in announcing the plan [...]
February 24, 2010
Knoxville developer filling up business park despite poor economy
Since the economy started its downturn more than a year ago, plenty of companies have gone under. But a Knoxville developer who picked a bad time to start building is still coming out on top.
Dennis Fraze imports and sells car parts to manufacturers all over the world.
In 2008, he decided to try a new business [...]
February 24, 2010
Revitalization effort continues in Downtown North Knoxville
A redevelopment project continues in an area dubbed Knoxville’s “Downtown North.”
The area is between Interstate 275 and Hall of Fame Drive north of Depot Street and south of Woodland Avenue.
Until recently, the area was plagued by numerous eyesores.
“You saw a lot of buildings where people seemed to have lost hope,” says Knoxville Director of Redevelopment [...]
February 17, 2010
Solar Manufacturing Plant to Create 250 Jobs in Clinton
Confluence Solar Inc. plans to build a $200 million solar manufacturing plant in Clinton, Gov. Phil Bredesen and company officials announced Thursday.
John DeLuca, a co-founder of the Hazelwood, Mo.-based company, said the 200,000-square-foot facility in Clinton is projected to create 250 jobs once it reaches full capacity. Depending on demand, that could be as [...]
February 17, 2010
Potential DOE, USEC pact could save jobs
A possible new agreement between the federal government and a company with operations in Oak Ridge could save roughly 100 Tennessee jobs, U.S. Rep. Zach Wamp announced today.
The U.S. Department of Energy plans to provide $45 million for demonstration and testing activities on USEC Inc.’s American Centrifuge Project, Wamp, a Chattanooga Republican whose district includes [...]
February 17, 2010
Recruiting solar startup required shift in strategy
In announcing Confluence Solar’s choice of Tennessee for construction of a $200 million manufacturing plant, Gov. Phil Bredesen and state officials touted the usual list of jobs created, dollars invested and other benefits of landing a player in a fast-growing industry.
Source: knoxnews.com Stories: Business Journal
February 17, 2010
Semperian to Close Knoxville Facility
Semperian LLC, which services loans for General Motors Acceptance Corp., will close its Knoxville facility on April 5, a move that will affect some 170 employees.
Mike Dunklee, a spokesman for GMAC, said the move is aimed at aligning the size of the company with the current business environment in the auto industry and GMAC’s existing [...]
