So far, it’s been a busy June for TNECD and Tennessee’s economic development efforts.
A little more than half way through the month, the department has announced approximately 1,400 new job commitments across Tennessee. Eight companies have together pledged to invest around $137.5 million in the state.
The hundreds of new jobs and millions in investment range from expansions of existing businesses to companies that are brand new to Tennessee, from automotive suppliers to major national health care companies.
Most importantly, these investments are spread out among eight different communities across the state, from Surgoinsville and Waynesboro to Jackson and Lewisburg.
If you’ve had a hard time keeping up, we have you covered. Here’s a brief recap of the month so far.
The global retailer behind Old Navy, Banana Republic and other brands has made several major investments to its Gallatin distribution center in recent years.
Last week, Gap Inc. announced its third significant investment in four years. This go around, Gap Inc. is investing $41.7 million to expand its e-commerce capabilities at its 2.8-million-square-foot campus in Sumner County. Gap Inc. plans to create more than 500 new jobs from this expansion.
Stanley Black & Decker has been a staple of Jackson’s manufacturing industry for decades. The Fortune 500 tool and hardware manufacturer unveiled plans to pour $29.1 million into its Jackson facility.
The investment will relocate new lines of production and product development to the facility in Madison County. Stanley Black & Decker will create approximately 255 new jobs at its Jackson facility. You can learn more here about Stanley Black & Decker’s efforts to make the Jackson plant a model for advanced manufacturing within its company.
Earlier this week, Gov. Haslam joined Minth Group Ltd.’s COO Jimmy Chen to announce the automotive supplier would invest $13.2 million over the next five years to rehab the former Ditech Testing plant in Lewisburg.
China-based Minth – a leading supplier for major automakers like Mercedes, General Motors, Nissan and others – plans to create approximately 200 new jobs at the facility.
Nashville’s $39 billion health care industry is getting another boost. PathGroup, one of the nation’s leading private providers of pathology and clinical lab services, said this week it will invest $18 million for a consolidated lab and corporate back office in Davidson County.
Headquartered in Brentwood, PathGroup plans to create 200 new jobs with its new investment in Middle Tennessee.