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Tennessee Named State of the Year

Tennessee has once again won a top ranking for capital investment and new jobs generated through company expansions and relocations, besting rival Texas. The last time the state could claim this title was 2009. The state’s five largest new projects attracted $3.2 billion in capital investment and attracted 6,900 new jobs garnering the title “2013 State of the Year” honor from economic development magazine Business Facilities. The ranking was based on the state’s top projects in investment and job creation in the 13 months through October, which included Hankook Tire Co.’s new plant in Clarksville and Aramark’s new $20 million Nashville facility.

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