economic development

TN 3.3% unemployment rate is lowest in Southeast

News release from Department of Labor and Workforce Development

NASHVILLE – Tennessee Department of Labor and Workforce Development (TDLWD) Commissioner Burns Phillips announces a preliminary unemployment rate of 3.3 percent for August, declining one-tenth of a percent from the previous month. This marks an all-time low for the statewide unemployment rate and August is the seventh consecutive month Tennessee has seen a decline in the statistic.

Continue reading

$2.5B in annual TN business subsidies, outcomes often unknown

Tennessee state and local governments provide more than $2.5 billion in subsidies such as grants, tax breaks and tax credits to businesses each year, but there’s often little public information provided on whether the taxpayer money is working to produce promised jobs.

That’s the bottom line of reporting by the state’s four largest newspapers  — The Tennessean, The Commercial Appeal, Knoxville News Sentinel and (Chattanooga) Times Free Press — published this weekend.

Continue reading

New U.S. Census data: West TN population shrinking

If West Tennessee were a state unto itself, it would be shrinking, reports WREG TV of Memphis after a review of recent U.S. Census estimates.

The estimates show that the part of the state west of the Tennessee River, including Memphis and Shelby County, lost nearly 1,200 residents between 2010 and 2016, leaving a total population of just over 1.56 million. Of the 21 counties in the region, 15 experienced declines.

Continue reading

Latest ECD incentives: $28M to Finnish tire maker, $22M to South Korean appliance firm

The state of Tennessee is providing a $28.42 million grant to a Finnish tire manufacturer and grant of $22.3 million to a South Korean appliance manufacturer to support the companies opening of new facilities within the state, reports the Times Free Press.

Continue reading

Florida’s governor trying to ‘poach jobs’ from Tennessee?

The Tampa Bay Times questions whether Florida Gov. Rick Scott is “breaking one of his cardinal rules” with a trip to Nashville aimed at convincing Tennessee companies to relocate into the Sunshine State. His effort to “poach jobs from the Volunteer State” follows similar past trips to California, Connecticut, Pennsylvania, Kentucky and New York – all states with Democratic governors.

Tennessee, as the Times notes, has a Republican governor – Bill Haslam.

Continue reading

New ECD initiative: Build a call center, hoping jobs will come to TN’s most economically-distressed county

News release from Department of Economic and Community Development

The Tennessee Department of Economic and Community Development (TNECD) announced today the launch of an open search for a company to establish operations in Hancock County as part of Project 95, a new initiative designed to bring resources from multiple state agencies to bear on Tennessee’s most economically distressed county.

Beginning with Hancock County, Project 95 is part of TNECD’s long-term strategy to eliminate all federally designated distressed counties across Tennessee by 2025.

Continue reading

Haslam headed to Europe for a week

News release from Department of Economic and Community Development

NASHVILLE – Tennessee Gov. Bill Haslam and Department of Economic and Community Development Commissioner Bob Rolfe will travel to Europe from June 26 to June 30 for an economic development trip designed to strengthen ties with European businesses and increase foreign direct investment (FDI) in Tennessee.

During the weeklong trip, Haslam and Rolfe will pitch Tennessee’s advantages to a number of European businesses interested in establishing operations in the Southeast U.S. The trip will include stops in the United Kingdom, the Netherlands, Sweden, Finland and Germany.

Continue reading

Commission Trump wants to abolish announces $15.7M in grants to help coal miners losing jobs

The Appalachian Regional Commission, which would be abolished under President Trump’s proposed federal budget for the coming year, announced almost $16 million in grants intended to help communities losing jobs in the coal industry in seven states, including Tennessee.
The only Tennessee grant is $500,000 for Knoxville-based LaunchTN for its Entrepreneurial Education and Workforce Development project. The Tennessee startup support initiative will target the coal-impacted counties of Anderson, Campbell, Claiborne, Cumberland, Fentress, Grundy, Marion, Morgan, Scott and Sequatchie. A list of the projects is HERE. The ARC press release is below.
 

Continue reading

Developer suspends $100M Cumberland County wind turbine project (‘Welcome news,’ says Alexander)

Apex Clean Energy Inc. has suspended plans for developing a controversial wind turbine project in eastern Cumberland County, reports the Crossville Chronicle. The move comes three months after the legislature declared a moratorium until July, 2018 on such projects while a study committee meets to consider drafting state regulations for electricity-generating wind turbines. has been suspended by the developer.

“Based on current market conditions and the project’s fundamental qualities, we have decided not to make this significant investment at this time,” Harry Snyder, development manager, wrote. “Our work on the Crab Orchard Wind project will be therefore suspended until market conditions change to make the project more competitive.”

Continue reading

New law bans condemning land through eminent domain for industrial parks

Legislation originated by a Jefferson County commissioner last year and signed by the governor last week will eliminate the use of eminent domain proceedings to take land for industrial parks.

The bill (SB1184) is the subject of a report in the Standard Banner of Jefferson City and a column in the News Sentinel by Frank Cagle. Excerpt from the latter:

Continue reading

ABOUT THIS BLOG

Former Knoxville News Sentinel capitol bureau chief Tom Humphrey writes about Tennessee politics, government, and legislative news.

Subscribe by Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.