Tennessee First State to be Awarded “State of the Year” Honor in Back-to-Back Years For Boosting Jobs and Capital Investments Through Company Relocations and Expansions.

Tennessee Gov. Bill Haslam announced that Tennessee won the 2014 State of the Year Award for the second consecutive year. With this title Tennessee also…

Tennessee Gov. Bill Haslam announced that Tennessee won the 2014 State of the Year Award for the second consecutive year. With this title Tennessee also holds the honor of becoming the first state to win this award in two back-to-back years. Moreover, Tennessee is first state to win this award three times in 2009, 2013 and 2014.

“It is an honor to be the first state to receive this recognition two years in a row,” Haslam said. “We have a great story to tell in Tennessee. Businesses continue to make the decision to locate, expand and grow here, and we are grateful for those strong partnerships. We will continue doing all we can to make sure we offer an attractive business climate and skilled workforce to be the No.1 location in the Southeast for high quality jobs.”
Some top economic projects of Tennessee in 2014 which contributed towards this achievement include:

  • Volkswagen Group of America’s Chattanooga expansion with an investment of $600 million and creation of 2,000 jobs.
  • Under Armour’s new Mount Juliet fulfillment center with an investment of more than $100 million and creation of 1,500 jobs.
  • SL Tennessee’s Clinton expansion with an $80.5 million investment and creation of 1,000 jobs
  • Conduit Global’s new Memphis call center creating with an $8 million investment and creation of 1,000 jobs.

“Being named first of 50 states for economic development for two consecutive years underscores the effectiveness of the new operating model we’ve deployed in Tennessee – one whose success is enhanced through our field network and through close coordination with our local partners,” Economic and Community Development Commissioner Bill Hagerty said. “Our historic wins validate the incredible momentum, fierce competitiveness and promising future that Tennessee possesses and emphasizes our intense focus on recruiting and expanding new companies”.

“More and more business leaders around the world are recognizing that Tennessee is the best location and smartest choice for successful business operations. I am very proud of our department and our statewide partners who have worked tirelessly to drive us toward the goal of being No. 1. Brand Tennessee continues its meteoric rise,” Hagerty added.

“Tennessee is one of a handful of states that have clearly made economic development priority No. 1,” Business Facilities Editor-in-Chief Jack Rogers said. “With a powerhouse automotive cluster, world-class infrastructure and the nation’s most improved education system, we could be looking at a State of the Year dynasty in the making.”

“We thought it would be hard for the Volunteer State to match last year’s performance, but the folks in Tennessee keep reeling in one mega-project after another,” Rogers said. “Most impressive, Tennessee seemed to pick up momentum as they went along.”

In annual ranking report of “Business Facilities” Tennessee ranked as first in “Education”, second in “Best Infrastructure” and top state for “Automotive Manufacturing Strength”.