Tennessee – The Perfect Location to Do Business
The ceramic industry, in the State of Tennessee, continues its strong growth, adding to the long list of production companies from all over the world, the famous Brazilian firm ‘Portobello Inc. ‘. The investment represents one of the most complex projects of Haslam legislation and will create 220 jobs in Putnam County. By investing in a broader international footprint, the State of Tennessee is entrenched in the new global economy with a particular focus on the ceramic market. 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, thanks to the representative offices in Japan, South Korea, China, Netherlands, Germany, Italy, France, Spain and the United Kingdom and the support of federal partners. In 2017, the Tennessee Department of Economic and Community Development received 39 project commitments from foreign-owned businesses, resulting in $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).
Tennessee is now the ideal place to invest: perfect location, skilled labor force, competitive salary, low indebtedness and a pro-business regulatory environment. Bees Communication is home of the Economic, Community Development department of the State of Tennessee office in Italy, promoting the State to Italian companies interested in expanding their business in the United States. Please do not hesitate to contact us if you require further information