ECD 2011 Annual Report

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28,535 New Jobs, $4 Billion Invested, Cost per Job Halved

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The Tennessee Department of Economic and Community Development 2011 Annual Report details successful changes and historic milestones achieved. In 2011, ECD projects and private sector growth accounted for 28,535 new jobs in Tennessee and more than $4 billion in investment. After reshaping the model for economic development, ECD had one of the most productive years in the state's history, and job creation hit its highest mark in the past five years and since the onset of the global recession.

"Making Tennessee the number-one state in the Southeast for high-quality jobs continues to be a top priority for this administration," said Governor Bill Haslam. "Our Jobs4TN plan is working. We continue to focus on regionalism, existing businesses, and key clusters while also pursuing new businesses for Tennessee. I am convinced that Tennessee can compete with anyone when it comes to attracting jobs."

"Tennessee transformed its economic development model in 2011, applying solid business principles to set the stage for long-term growth," said ECD Commissioner Bill Hagerty. "The state experienced a record year for private sector job creation in this challenging, new economy. Tennessee is well-positioned to compete nationally and globally with one of the most business-friendly climates in the world."

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*The Tennessee Department of Economic and Community Development's mission is to develop strategies that help make Tennessee the number-one location in the Southeast for high quality jobs. The department seeks to attract new corporate investment in Tennessee and works with Tennessee companies to facilitate expansion and economic growth.



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