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Economic and Community Development

Governor Bredesen, Commissioner Kisber Announce Expansion of VW Supplier in Tennessee

Released on Fri, Feb 05, 2010 - 9:17 am under

 SL Tennessee, LLC to Invest $35 Million and Create 300 New Jobs in Clinton

NASHVILLE – Governor Phil Bredesen and Economic and Community Development Commissioner Matt Kisber today joined with executives of SL America to announce a $35 million expansion of SL Tennessee, LLC, a company subsidiary operating in Clinton, Tenn.. The expansion will create 300 new jobs and add an additional 100,000 square feet to the company’s existing facility by the end of 2010. SL Tennessee is an automotive parts supplier for General Motors, Hyundai, KMG and Volkswagen.

ECD Awards Economic Development Education Grant to UT Institute for Public Service

Released on Wed, Jan 27, 2010 - 1:48 pm under
ECD/UT Three-Star Scholarship Program to Award $30,000 in Grants to Rural Elected Officials
 
NASHVILLE – Matt Kisber, commissioner of the Tennessee Department of Economic and Community Development announced today a grant to the University of Tennessee Institute for Public Service (IPS) which will allow the organization to award $30,000 in Three-Star scholarships for city and county elected officials. The scholarships, overseen by the UT IPS and ECD, will be used for continued economic development education and 28 rural Tennessee counties and cities will be eligible to apply.

ECD Announces Winners of Statewide Entrepreneurship Competition

Released on Mon, Jan 25, 2010 - 2:33 pm under

                      Pennington Seed & Supply of Dyersburg Takes Top Prize for Video

NASHVILLE — Tennessee Economic and Community Development Commissioner Matt Kisber today announced Pennington Seed & Supply of Dyersburg as the winner of a statewide entrepreneurship video competition – “What Makes You an Entrepreneur?” Pennington Seed & Supply will receive a $500 cash prize in addition to a professional marketing package valued at $2,000 for the business.

Governor Bredesen, Commissioner Kisber Announce Location of $200 Million Solar Manufacturing Facility

Released on Thu, Jan 21, 2010 - 3:58 pm under

Confluence Solar Will Develop $200 Million Facility and Create 250 New Jobs in Clinton, TN

NASHVILLE – Governor Phil Bredesen and Tennessee Economic and Community Development Commissioner Matt Kisber today joined senior leaders of Missouri-based Confluence Solar to announce that the company has selected Clinton, Tennessee as the home of their new manufacturing, warehousing and distribution facility.

Feature Film ‘Love Don’t Let Me Down’ Begins Production in Nashville

Released on Thu, Jan 14, 2010 - 1:51 pm under
$15 Million Screen Gems Project Hires Local Cast and Crew
 
NASHVILLE, Tenn. – Tennessee Film, Entertainment and Music Commission Executive Director Perry Gibson announced that production begins this week in Nashville on the Screen Gems feature film Love Don’t Let Me Down. The $15 million project stars Oscar-winner Gwyneth Paltrow, country music superstar Tim McGraw, Leighton Meester (Gossip Girl) and Garrett Hedlund (Friday Night Lights).

TNInvestco Funds Close on the Sale of $120 Million in Tax Credits

Released on Thu, Jan 14, 2010 - 1:48 pm under
Sale Generates $85 Million in Up Front Funding for Investment in Tennessee Companies
 
NASHVILLE, Tenn. – Tennessee Commissioner of Economic and Community Development Matt Kisber and Commissioner of Revenue Reagan Farr announced today the sale of $120 million in tax credits by the six TNInvestco funds has raised approximately $85 million in early and mid stage capital for the funds to invest in Tennessee companies. The insurance companies participating in TNInvestco are capitalizing the program up front in exchange for tax credits allowing them to offset future gross premium tax liability on an annual basis beginning in 2012 through 2019.

Tennessee Named 2009 State of the Year by Business Facilities

Released on Wed, Jan 06, 2010 - 10:17 am under
Hemlock Semiconductor Earns Silver Award for 2009 Economic Development Deal of the Year
 
NASHVILLE – The editors of Business Facilities magazine, a national economic development publication, have named Tennessee the magazine’s 2009 State of the Year for the number of new jobs created and amount of capital investments made during the calendar year. New Jersey-based Business Facilities also named the Hemlock Semiconductor project in Clarksville, Tennessee its 2009 Silver Award winner for Economic Development Deal of the Year, citing the company’s announced investment of $1.2 billion dollars and the creation of 500-900 new jobs.

ECD-Funded Study Results in Perry County Plan of Action

Released on Wed, Dec 23, 2009 - 2:01 pm under
Site Selection Firm Strategic Development Group Makes Targeted Recommendations
 
NASHVILLE – Commissioner Matt Kisber of the Tennessee Department of Economic and Community Development announced today the release of an economic review of Perry County, which was commissioned by ECD in conjunction with a local job creation initiative launched by Governor Phil Bredesen this summer.

Applications Available for New Downtown Revitalization Program

Released on Mon, Dec 14, 2009 - 2:07 pm under

Tennessee Downtowns to Offer Selected Communities Technical Assistance,
Workshop, Grant Funds

NASHVILLE – Commissioner Matt Kisber of the Tennessee Department of Economic and Community Development today announced the launch of Tennessee Downtowns, a competitive community improvement program for cities and counties seeking to revitalize traditional commercial districts. The program is open to communities with downtown commercial districts established at least 50 years ago and ready to organize efforts for downtown revitalization based on the successful “Main Street Four-Point Approach to Downtown Revitalization.” Applications are available online at www.tennesseemainstreet.org, and must be completed by February 5, 2010.

DOE Approves Tennessee’s Energy Star Appliance Rebate Program

Released on Wed, Dec 02, 2009 - 5:02 pm under
Eligible Appliances Include Heating and Cooling Units;
Program Slated to Launch on Earth Day 2010
 
NASHVILLE – The Tennessee Department of Economic and Community Development today announced approval by U.S. Department of Energy for Tennessee’s State Energy and Efficiency Appliance Rebate Program (SEEARP). Tennessee will receive $5.9 million for the program’s rebates and administrative costs and will be funded by federal dollars through the American Recovery and Reinvestment Act.  The program will be administered at the state level through ECD.
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