Economic and Community Development

Commissioners Kisber, Farr Announce TNInvestco Finalists

Will Seek General Assembly Approval to Expand Tax Credit Allocations

NASHVILLE – Tennessee Economic and Community Development Commissioner Matt Kisber and Revenue Commissioner Reagan Farr today announced the names of the six selected venture capital firms and two alternates named to participate in the TNInvestco program.

Scoping Meeting for the West Tennessee Solar Farm Environmental Assessment in Haywood County, Tennessee

Notice
 
The State of Tennessee and the U.S. Department of Energy (DOE) announce their intent to prepare an Environmental Assessment (EA) for the proposed West Tennessee Solar Farm. In keeping with its responsibilities under the National Environmental Policy Act (NEPA), DOE has determined this proposed project requires the preparation of an EA.   The West Tennessee Solar Farm, a five-megawatt multi-acre power solar array would generate renewable energy and serve as a demonstration site for educational purposes. The Solar Farm would be located in Haywood County, Tennessee. Educational activities would occur at a welcome center that would be located directly on Interstate 40, adjacent to the Solar Farm.
 
The State of Tennessee will host a public scoping meeting to solicit comments on the proposed project. All members of the public are invited to attend the scoping meeting where representatives from the State and the U.S. Department of Energy (DOE) will discuss the goals for the EA and how the project may impact the surrounding community.
 
Scoping Meeting Schedule
Date: Thursday, November 19, 2009
Time: 6:30 p.m.
Location: Haywood County Courthouse, 1 N. Washington, Brownsville, TN 38012

Commissioners Kisber, Farr to Announce TNInvestco Finalists

Venture Capital Companies to Focus Investment on Small and Medium Tennessee Companies

NASHVILLE – Economic and Community Development Commissioner Matt Kisber and Revenue Commissioner Reagan Farr have scheduled Thursday, November 5, 2009 at 10:00 a.m. Central time to announce the six venture capital fund finalists and two alternates for the TNInvestco program. The TNInvestco program was created by the Tennessee General Assembly in 2009 and the commissioners of ECD and Revenue were charged with allocating $120 million dollars in gross premiums tax credits to the successful applicants in order to leverage private investment in early stage and mid stage capital investment programs. The aim of the program is to attract capital to Tennessee companies and create jobs in the process. Additional information on the program is available at www.tninvestco.gov.

Tennessee Ranked Among Five Best States for Business Climate

Tennessee in the Top Five for Five of the Last Seven Years
 
NASHVILLE– The editors of Site Selection magazine, one of the nation’s premier economic development publications, have ranked Tennessee among the five best states in the U.S. for best business climates. The announcement marks the seventh time in the past decade Tennessee has been listed among the top ten states for business climate. The state has been ranked among the top five states in five of the past seven years. The closely watched annual rankings appear in the November 2009 issue.  

Bredesen Announces 72 Community Development Block Grants

Grants Assist Communities with Infrastructure Improvements
 
NASHVILLEGovernor Phil Bredesen and Economic and Community Development Commissioner Matthew Kisber recently approved more than $28 million in Community Development Block Grants (CDBG) to assist with infrastructure improvements in Tennessee.

Centennial High School to Host Automobile and Energy Fair Sat., Oct. 31

Event Made Possible Through ECD Grant

NASHVILLE — Centennial High School (CHS) will host an Automobile and Energy Fair this Saturday, Oct. 31 from 10 a.m. – 3:30 p.m. at the school as part of the school’s participation in an energy education program sponsored by the Energy Policy Office of the Tennessee Department of Economic and Community Development.

China Trade Mission Continues

Gov. Bredesen addresses the 2009 China-Tennessee Investment Symposium in Beijing
Gov. Bredesen addresses the 2009 China-Tennessee Investment Symposium in Beijing
HANGZHOU, China - Tennessee Governor Phil Bredesen, ECD Commissioner Matt Kisber and a delegation of business, technology and health care leaders from Tennessee continue the China Trade Mission this week. The 10-day mission includes visits to the Chinese cities of Beijing, Xi’an, Hangzhou and Hong Kong and is focused on health care and clean energy opportunities.
 
In this photograph, Bredesen speaks at the 2009 China-Tennessee Investment Symposium in Beijing.  Bredesen and ECD Commissioner Matt Kisber are leading a broad cross section of business, technology and health care leaders from Tennessee on a 10-day trade mission to the Chinese cities of Beijing, Xi’an, Hangzhou and Hong Kong.

Governor, Commissioner Announce $9.3 Million in Stimulus Funds for Energy Efficiency and Conservation Block Grants

Grants to Assist Local Governments in Reducing Energy Consumption and Fossil Fuel Emissions
 
NASHVILLE – Governor Phil Bredesen and Commissioner Matt Kisber of the Department of Economic and Community Development announced today that $9.3 million in federal stimulus funds will be available to small- and medium-sized cities and counties through the Energy Efficiency and Conservation Block Grant Program. The competitive grants are available to assist local governments in conserving energy and reducing fossil fuel emissions.

BJS North America East Celebrates Grand Opening in Jefferson County

New Manufacturing Facility Creates 150 Jobs

NASHVILLE — Tennessee Economic and Community Development Commissioner Matt Kisber along with BJS North America East, Inc., a Swedish furniture manufacturer specializing primarily in bedroom accessories, announced today the grand opening of a new manufacturing facility in Dandridge, Tenn. This move brings a $6-8 million investment to Dandridge, creating approximately 150 jobs.

ECD Commissioner Matt Kisber to Speak at West Tennessee Mayors Association Meeting

NASHVILLE – Tennessee Commissioner of Economic and Community Development Matt Kisber will speak at the annual West Tennessee Mayors Association meeting on Wednesday, Oct. 14 in Jackson, Tenn. Commissioner Kisber will update attendees on the West Tennessee megasite located in Haywood County and its potential to transform West Tennessee’s rural economy and bring new jobs to the area.

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