Tennessee is experiencing economic growth, despite the challenges that have risen during COVID. Two of its companies are expanding, which include Gestamp and August Bioservices. Meanwhile, other businesses like Commercial Filter are locating here for the first time. Altogether, these three companies will invest $168.3 million. They will also create a total of 470 new jobs across the entire state.
Read on to see what’s being said about each one of these investments:
“Tennessee is known as a global leader in automotive manufacturing, and it is because of companies like Gestamp that our state’s automotive industry continues to grow and excel. Gestamp’s third expansion in ten years shows their commitment to Chattanooga and confidence in Tennessee’s skilled workforce.”
AREA DEVELOPMENT MAGAZINE
“The expertise of our workforce, central location and robust infrastructure make Tennessee an ideal location for companies to grow and succeed. As we continue to navigate through the pandemic, we are proud to see companies move forward, invest and create jobs in our state. We congratulate Commercial Filter on this announcement and wish the company many years of success in the future.”
AREA DEVELOPMENT MAGAZINE
“Tennessee continues to make a name for itself as a top place for the healthcare and life sciences sector. When companies like August Bioservices choose to further invest in Tennessee, their actions speak volumes to the pro-business and pro-science environment we have created in our state. We appreciate August Bioservices for creating these new, family wage jobs in Nashville and for its continued partnership.”
AREA DEVELOPMENT MAGAZINE
To read the previous update on economic development in Right to Work Tennessee, click here.
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