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Economic and Community Development

Innova Locks Up First Investment in TNInvestco Program

Released on Wed, Mar 10, 2010 - 2:29 pm under
Innova-TrakLok FINAL-1.jpg
Innova-TrakLok FINAL-1.jpg
Improved Security in the World’s Ports begins in Tennessee
 
MEMPHIS – Innova, a pre-seed, seed and early stage investor focused on starting and funding high-growth companies in the Biosciences, Technology and AgBio fields across the state of Tennessee, announced today it has made the first venture-funding investment as part of the Tennessee Small Business Company Investment Credit Act (TNInvestco). Innova has chosen to invest in Knoxville-based TrakLok Corporation.

White Pine School to Celebrate Clean Energy Day March 12

Released on Mon, Mar 08, 2010 - 1:26 pm under

Students to Exhibit Projects on Alternative Power Sources

NASHVILLE, — White Pine School in Jefferson County will host a Clean Energy Day on Friday, March 12 as part of the National Energy Education Development Project to educate attendees about alternative clean energy sources including wind, solar and hydropower. NEED is a nationwide program that teaches the science of energy and provides information to teachers and students about conventional and emerging energy sources.

Tennessee Ranked among Top Five in U.S. For Economic Development by Site Selection

Released on Wed, Mar 03, 2010 - 5:09 pm under
Memphis, Jackson, Morristown among Metropolitan Areas Honored;
State in the Top Three for Micropolitans
 
NASHVILLE – Tennessee has again been ranked among the top states in the nation in Site Selection magazine’s annual Governor’s Cup rankings for its economic development performance in 2009. The economic development publication put the Volunteer State at No. 5, the highest ranking of any Southeastern state. The Governor’s Cup award recognizes states with the most new or expanded private-sector capital projects as tracked by publisher Conway Data Inc.’s New Plant Database. The magazine gave its top ranking to the state of Ohio, followed by Texas, Michigan and Pennsylvania.
 
“I’m pleased the editors of Site Selection have included Tennessee among the top performing states in the nation for job creation,” said Governor Phil Bredesen. “We’ve worked hard to develop and enhance a strong business climate and to create strategies aimed at placing Tennessee at the forefront of emerging industries. That hard work is paying off for Tennesseans.”

10 Communities Chosen for New Downtown Revitalization Program

Released on Wed, Mar 03, 2010 - 11:29 am 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 that 10 communities have been selected to participate in Tennessee Downtowns, a community improvement program for cities and counties seeking to revitalize traditional commercial districts.
 
The selected communities are: Celina, Erwin, Jefferson City, Martin, Milan, Mt. Pleasant, Monterey, Paris, Selmer and Sweetwater.

Chancellor Rules TNInvestco Documents Confidential

Released on Tue, Mar 02, 2010 - 5:21 pm under
Court Rules ECD and Revenue Commissioners Within Rights to Withhold Scoring Matrices
 
NASHVILLE – Tennessee Commissioner of Economic and Community Development Matt Kisber and Commissioner of Revenue Reagan Farr today released a joint statement in the wake of Davidson County Chancellor Russell Perkins ruling the case of Coleman v. Kisber and Farr. The Chancellor ruled that TNInvestco documents sought as part of an open records filing could be withheld under Tennessee Code Annotated 4-3-730 (c) for a period of five years.

Three-Star, TNCPE Receive 2010 Innovator Award for Partnership

Released on Thu, Feb 25, 2010 - 6:34 pm under

Commissioner Matt Kisber Honored by Resolution at Excellence in Tennessee Awards Banquet

NASHVILLE – Economic and Community Development Commissioner Matt Kisber announced Wednesday that the Three-Star Program and the Tennessee Center for Performance Excellence have received a 2010 Innovator Award from the Southern Growth Policies Board for their unique partnership assisting Tennessee communities. Commissioner Kisber was also honored for his economic development contributions in a resolution presented by TNCPE’s Chairman of the Board Dennis Vonderfecht at the Excellence in Tennessee Awards Banquet Wednesday.

Norcom of Tennessee Expanding in Sparta

Released on Thu, Feb 25, 2010 - 6:25 pm under

Composite Products Manufacturer to Create 30 to 50 New Jobs

SPARTA, Tenn. – Tennessee Department of Economic and Community Development Commissioner Matt Kisber, Sparta Mayor Tommy Pedigo and White County Executive Herd Sullivan, along with leadership from the Sparta-White County Chamber of Commerce, today took part in ribbon-cutting ceremonies celebrating the grand opening of Norcom of Tennessee’s expanded production facility in Sparta, Tenn. The expansion represents an investment of $2 million over three years and is expected to create 30 to 50 new jobs.

ClearFuels, Hughes Hardwood to Develop Wood Product Biorefinery

Released on Tue, Feb 23, 2010 - 3:03 pm under
Hawaii and Tennessee Companies Join Forces to Convert Wood Products to Renewable Diesel and Jet Fuel
 
NASHVILLE – Governor Phil Bredesen and Economic and Community Development Commissioner Matt Kisber, along with officials of ClearFuels Technology Inc. and Hughes Hardwood, announced today that the two companies have signed a Memorandum of Understanding to develop a biorefinery that will convert 1,000 dry tons of wood product per day to renewable diesel or jet fuel. Hawaii-based ClearFuels will site the facility at the Hughes Hardwood wood component products manufacturing facility in Collinwood, Tenn.

ECD Energy Policy Office Announces School Art Contest

Released on Fri, Feb 19, 2010 - 2:45 pm under
Second and Seventh Graders Invited to “Think Clean, Think Green, It’s in the Bag!”
 
NASHVILLE — The Tennessee Department of Economic and Community Development Energy Policy Office, in partnership with the Tennessee Valley Authority and the Tennessee Department of Education, announced today a call for entries in an energy art competition for Tennessee second and seventh graders. The “Think Clean, Think Green, It’s in the Bag!” contest invites students to create and submit a design to be printed on a reusable shopping bag and a written paragraph explaining the meaning of their design.

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

Released on Fri, Feb 05, 2010 - 10:17 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.
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