Jamie Stitt

Assistant Commissioner of Business and Workforce Development

Tennessee Department of Economic and Community Development
312 Rosa L. Parks Ave., Nashville, TN 37243
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International Business

We Proudly Serve the World.

We’ve created an environment unbound by state borders. No other state is more competitive in recruiting foreign direct investment or in exporting products enjoyed the world over. We’ve established resources that make Tennessee accessible to any international market.

We’re in it for the long term. By investing in a broader international footprint, we’ve ensured that Tennessee is firmly entrenched in the new global economy.

The Volunteer State is home to 967 foreign-based businesses that have invested over $37.3 billion in capital and employ more than 147,000 Tennesseans. Tennessee continues to proactively identify and recruit new foreign direct investment (FDI) to the state alongside efforts to increase Tennessee exports. Our state has offices courting foreign direct investment in Japan, South Korea, China, Netherlands, Germany, Italy, and the United Kingdom. We work closely with our federal partners to promote exports, which totaled more than $33.2 billion in 2017. This investment demonstrates Tennessee’s commitment to competing globally for business and jobs, which is not something that most states can claim.

In 2017, the Tennessee Department of Economic and Community Development received 39 project commitments from foreign-owned businesses, resulting in 6,966 job commitments and $2.52 billion in capital investment. This FDI accounted for nearly one-third of all Tennessee’s new jobs committed in 2017 and 56.0 percent of all capital investment committed in the state.  These major foreign projects included Japanese-owned Denso Manufacturing (1,000 new jobs, $1 billion in capital investment), Netherlands-owned Philips Electronics (815 new jobs, $17.0 million in capital investment), Korean-owned LG Electronics (600 new jobs, $250.6 million in capital investment), and Finland-owned Nokian Tyres (400 new jobs, $360 million capital investment).

We believe in high expectations, low debt and a pro-business regulatory environment. Tennessee is proud to be a right-to-work state with no personal income tax on wages. Our state and local tax burdens are some of the lowest in the country. We have the lowest debt per capita among U.S. states and Tennessee’s budget operates with a healthy surplus.

Quick Facts

960+

Foreign-based establishments in Tennessee

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135K+

Tennesseans employed by foreign-based establishments

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$34+

Billion in capital invested in Tennessee by foreign-based establishments

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#1

In the U.S. for FDI job creation

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LG

Volkswagon

Beretta

Wonderful Porcelain

Bridgestone

  • Top Exported Products
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    CommodityNAICS2011201220132014201520162017
    Total Exports$30,016,116,443$31,142,980,349$32,473,718,590$33,250,895,441$32,587,843,773 $31,432,681,338$33,200,072,942
    Medical Equipment & Supplies3391 $3,046,307,650$3,202,360,376$3,602,531,490$3,406,152,442$3,337,862,837$3,325,488,281$3,435,624,830
    Motor Vehicles3361$1,247,172,225$1,581,324,590$2,252,857,725$2,796,122,989$2,708,558,521$2,665,768,619$2,899,817,363
    Motor Vehicle Parts3363$2,790,067,404$2,741,871,083$2,862,640,312$3,111,605,611$3,130,481,822$2,970,326,434$2,708,489,868
    Basic Chemicals3251$2,136,570,345$2,151,077,190$2,146,216,533$2,151,795,386$1,869,510,760$1,784,795,632$1,946,995,321
    Navigational, Measuring, Electromedical and Control Instruments3345$1,333,403,162$1,548,601,541$1,556,372,744$1,592,911,389$1,803,613,821$1,863,399,199$1,941,986,892
    Computer Equipment3341$2,061,060,110$2,202,283,964$2,146,811,789$2,311,140,586$2,205,945,039$1,821,553,687$1,894,911,266
    Aerospace Products & Parts3364$1,222,639,771$1,232,159,056$1,264,839,747$1,290,032,883$1,358,817,853$1,206,556,831$1,588,803,052
    Resin, Synthetic Rubber, Artificial & Synthetic Fibers/Filaments3252$1,683,896,286$1,718,124,809$1,839,048,397$1,858,532,383$1,726,286,803$1,499,958,213$1,481,213,627
    Communications Equipment3342$522,601,111$618,748,554$650,634,142$730,882,657$713,978,338$895,745,073$952,236,366
    Engines, Turbine and Power Transmission Equipment3336$945,138,883$893,918,366$825,702,544$881,463,724$980,953,368$964,871,431$867,202,544
  • Top Ten Countries for Tennessee FDI
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    Foreign Country# of EstablishmentsTotal EmploymentCapital Investment
    Japan19052,058$19,168,633,140
    Germany11516,966$5,480,305,624
    Canada728,953$2,464,603,543
    United Kingdom11811,960$1,611,844,844
    Switzerland465,054$1,115,137,279
    Sweden367,571$1,096,186,500
    Korea113,373$998,177,000
    Italy385,206$854,825,889
    France769,397$682,879,797
    China181,870$467,048,736
    Total967147,240$37,262,206,331

Tennessee has long been a hub of innovation for Schneider Electric, and we are happy to maintain our strong commitment to the communities where we live and work.

- Annette Clayton, CEO and president of Schneider Electric North America
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WE’VE ENSURED THAT TENNESSEE
IS FIRMLY ENTRENCHED IN THE NEW GLOBAL ECONOMY.

Tennessee continues to proactively identify and recruit new foreign direct investment (FDI) to the state alongside efforts to increase Tennessee exports. Our state has offices courting foreign direct investment in Japan, South Korea, China, Netherlands, Germany, Italy, and the United Kingdom. We work closely with our federal partners to promote exports.

International Quick Facts

$34+

Billion in capital invested in Tennessee by foreign-based establishments

#1

In the U.S. for FDI job creation

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Tennessee Department of Economic and Community Development
312 Rosa L. Parks Ave., Nashville, TN 37243
615.741.1888 |
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