• voestalpine
  • Beretta USA Corp

Welcome to the State of Tennessee

 

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 926 foreign-based businesses that have invested over $33.8 billion in capital and employ more than 127,200 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 $31.4 billion in 2016. This investment demonstrates Tennessee's commitment to competing globally for business and jobs, which is not something most states can claim.

In 2016 alone, Tennessee Department of Economic and Community Development projects accounted for 36 commitments from foreign-owned businesses that resulted in 4,182 job commitments and $828.3 million in capital investment. This FDI accounted for nearly 20 percent of all Tennessee’s new jobs committed last year and 15.6 percent of all capital investment committed in the state. These major foreign projects included French-owned Teleperformance, (515 new jobs), Japanese-owned Yorozu Automotive Tennessee, Inc. (435 new jobs) French-owned Schneider Electric (250 new jobs, $37 million capital investment) and Korean-owned Hankook Tire (200 new jobs, $4.9 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.

WHY INVEST IN THE STATE OF TENNESSEE
IN OTHER WORDS, YOU NEED TO BE IN TENNESSEE.

In Tennessee, we make world-class cars, guns and guitars. We make batteries, refrigerators, savory snacks and legendary whiskey. While other states gave up on their manufacturing workforce a long time ago, we never stopped making products used all over the world.

QUALITY CRAFTSMANSHIP

We have learned that “Made in Tennessee” means something special in the global business community. We’re recognized around the world for the high quality of our craftsmanship and the artisan strength of our workforce, the honest, hardworking people of Tennessee.

We believe so strongly in the strength of our workforce that we’re making groundbreaking investments in education to make that workforce even stronger. With a deep commitment to educational programs aligned with business needs—and the funding to back up that commitment—Tennessee knows how to make things that last.

WE BUILD BRANDS

It’s no accident that some of the biggest and most respected brands in the world have chosen to call Tennessee home. Companies who come to Tennessee are not just looking for a place to do business—they’re looking for a home. That’s why we make the world's best whiskeys, Duracell batteries, GE refrigerators and La-Z-Boy recliners. It’s why Tennessee is home to the largest ice cream plant in the world. It’s why we make the M&Ms to put on top of our kids’ ice cream sundaes.

Our reputation for the quality of our work and the quality of the Tennessee lifestyle means we make cars for Nissan, General Motors and Volkswagen and car parts for Bridgestone, Hankook and Denso Manufacturing. It’s why we make guns for Beretta USA and appliances for Whirlpool. It's why the U.S. defense industry comes to us. It’s why the big brands call on us—and why they stay.

FISCAL RESPONSIBILITY

Companies, investors, shareholders and executives choose Tennessee for our sound fiscal management and significant new investments in our economic ecosystem. Tennessee's budgetary discipline has allowed us to make meaningful investments in public education, workforce development and our international business reach.

Reasons to select Tennessee’s business-friendly environment:

  • No personal income tax on wages and salaries.
  • A right-to-work state.
  • A long history of fiscal responsibility that crosses party lines.
  • Lowest state debt per capita in the country—The Tax Foundation.
  • Second lowest in the U.S. for state and local tax taxes paid per capita—The Tax Foundation.
  • Triple A-rated state, with our most recent bond sale at the lowest interest rates in recorded history.
  • Successful overhaul of our tort and workers compensation laws.

For more information, please visit TNECD.com

Contact Info Tennessee

GERMANY, AUSTRIA, SWITZERLAND
Steffen Bayer

Director, Business Development

Address
Adalbert-Stifter-Str. 5
82110 Germering
Germany
Mobile: +49 160 45 50 716
Email: steffen.bayer@tn.gov
TNECD.com

ITALY
Virginia Sarah Crowley

Director, Business Development

Address
Bees Communication
Via Del Piombo 4
40125 Bologna
Italy
Phone: +39 05119986650
Email: virginia.crowley@tn.gov
TNECD.com

UNITED KINGDOM
Richard Todd

Director, Business Development

Address
Kemp House, 152-160 City Road
London, EC1V 2NX
United Kingdom
Mobile: + 44 7445 674 025
Email: richard.todd@tn.gov
TNECD.com

BENELUX
Peter E. Sanders

Director, Business Development

Address
psps export & investment services
Bankaplein 3
2585 EV The Hague
The Netherlands
Phone: +31 (0)70 307 47 20
Mobile: +31 (0)653 658 674
Email: peter.sanders@tn.gov 
TNECD.com

State Demographics Tennessee

Region: South East Central Region
Population: 6,600,299 (2015)
Exports: $32.6 Billion (2015)
Labor Force: 3,153,741 (September 2016) 
Latest Unemployment Rate: 4.6% (September 2016)
Per Capita Personal Income: $43,162 (2016 Q2)
Capital City: Nashville
Principal Cities: Memphis, Knoxville, Chattanooga

Tennessee Events Calendar

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C.A.S.E. Call Centre

Ursula Becker

+32 488 331 972

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Mon - Fri: 9:00 - 17:00