October 19, 2021

Tennessee recruits record business projects during coronavirus pandemic

Amid the coronavirus pandemic, Tennessee economic recruiters landed both the biggest one-time capital investment and the largest job expansion in state history last month.

In mid April, the tech giant Oracle Corp. announced plans to relocate some of its California operations to Nashville, bringing 8,500 jobs and a $1.2 billion investment in Middle Tennessee. Just a week later, General Motors and the Korean battery maker LG Chem announced a joint venture to build a $2.3 billion Ultium Cells battery plant next to the GM plant in Spring Hill, Tennessee.

The Oracle announcement is the biggest single job addition ever announced in Tennessee and the Ultium Cells battery plant is the largest single investment announced at one time in Tennessee, although Wacker Chemical in Charleston has grown to become an even bigger $2.5 billion investment over the past…

Read full article…