Key Results
Some key results since implementing the Jobs4TN plan include the following.
- Haslam, Hagerty, and ECD staff traveled the state to meet with more than 2,000 companies and over 700 economic development stakeholders.
- Each jobs base camp worked with local stakeholders to complete a strategic plan for their region.
- ECD partnered with the Entrepreneur Center in Nashville to make Tennessee the second state in the nation to start a state-level version of the Startup America Partnership, resulting in Startup Tennessee, a public-private partnership designed to connect and align entrepreneurial efforts across the state.
- Nine regional business accelerators were selected in each jobs base camp to assist area entrepreneurs as they develop business plans and launch companies that have the potential to create new jobs.
- The INCITE Co-Investment Fund was established to increase access to seed, early, and expansion-stage capital for Tennessee businesses using $30 million in federal funds from the State Small Business Credit Initiative.
- ECD authored the Regulatory Reform Report summarizing an ECD-led review of federal and state regulations that negatively impact businesses and identifying possible obstacles to new investment.
- The challenges of job creation in rural Tennessee were addressed through new programs including a statewide site certification program, a partnership with TVA to provide best practices regional training for economic development professionals, and a digital factory pilot to create work-at-home business services opportunities.
- The TNTrade program was launched to boost Tennessee exports and consists of two primary components: the Market Access Program and a 2012 trade mission to China and South Korea focused on medical device manufacturers.
To read more: download ECD 2011 Annual Report pdf.
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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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