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Dept. of Economic & Community Development. November 19, 2012 Presented by Allen Borden, Assistant Commissioner. Jobs4TN. Strategy 1 Prioritize Key Clusters and Existing Businesses. Strategy 2 Establish Regional “Jobs Base Camps”. #1 location in the Southeast for High Quality Jobs.

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Dept of economic community development

Dept. of Economic & Community Development

November 19, 2012

Presented by Allen Borden, Assistant Commissioner


Jobs4tn

Jobs4TN

Strategy 1

Prioritize Key Clusters and Existing Businesses

Strategy 2

Establish Regional “Jobs Base Camps”

#1 locationin the Southeast for High Quality Jobs

Strategy 4

Reduce Business Regulation

Strategy 3

Invest in Innovation


Department reorganization

Department Reorganization

  • Reorganized the department into a regional structure

    • Recruiting assets in direct, day-to-day contact with businesses

    • Nine regional Jobs Base Camps established

      • Led by a Regional Director

      • Serve as a single point of contact for all jobs and business-related issues in the region

Leaner department with overall reduction in staff size by more than 42%

At the same time, business recruitment team grew by more than 70%


Key clusters

Key Clusters

Transportation, Logistics, & Distribution Services

  • Motor Vehicles

  • Automotive Parts

  • Automotive Components

  • Forgings & Stampings

  • Flat Glass

  • Production Equipment

  • Small Vehicles & Trailers

  • Tires & Inner Tubes

Automotive

Chemical Products & Plastics

Intermediate Chemicals & Gases

Packaged Chemical Products

Other Processed Chemicals

Refractories

Ammunition

Plastic Materials, Resins & Products

Paints & Allied Products

Synthetic Rubber

Carbon Fiber & Advanced Composite

  • Air & Land Transport

  • Transportation Arrangement & Warehousing

  • Merchandise, Apparel, Accessories,

  • Food Products, Farm Material & Supplies Wholesaling

  • Catalog & Mail-order

  • Airports & Bus Terminals

  • Trucking Terminals

Healthcare

Surgical Instruments & Supplies

Dental Instruments & Supplies

Medical Devices & Equipment

Diagnostic Substances

Healthcare Services

Healthcare IT

Biological and Biotechnology Products

Health Insurance Products

  • Motors, Generators & Batteries

  • Refrigeration & Heating Equipment

  • Appliances

  • Lighting Fixtures & Electrical Parts

  • Turbines & Turbine Generators

  • Clean Energy Products

  • Electric Services

Advanced Manufacturing & Energy Technologies

Business Services

Health Care

Headquarters

Data and Call Centers

Financial Services

Online Information Services

Computer Services & Programming

Facilities Support Services


Jobs base camps

Jobs Base Camps


Job creation and outreach

Job Creation and Outreach

  • From January 2011 – October 2012:

  • More than 35,174 new jobs announced

  • More than $6.2 billion announced

  • 3,887 stakeholder meetings held

  • 6,057 existing company visits


Major announcements 2012

Major Announcements: 2012

Smyrna, TN

Rutherford, County

Decherd, TN

Franklin County

HCA, Parallon, Sarah Cannon Nashville, TN

Davidson County

Pulaski, TN

Giles County

Chattanooga, TN

Hamilton County

Dayton, TN

Rhea County

Bristol, TN

Sullivan County

Spring Hill, TN

Maury County

Clarksville, TN

Montgomery County


Major announcements

Major Announcements

Knoxville, TN

Knox County

Union City, TN

Obion County

Memphis, TN

Shelby County

Nashville, TN

Davidson County

Knoxville, TN

Knox County

LaVergne, TN

Rutherford County

Trenton, TN

Gibson County


New economic development fund

New Economic Development Fund

  • ECD’s FastTrack program expanded to create economic development fund providing additional grant support for projects

  • Reimbursable grants made to local industrial development boards

  • Supports projects in a variety of ways: relocation expenses, temporary office space, capital improvements, retrofitting and other expenditures not previously covered

  • Only to be used in exceptional cases where the impact of the project on a given community is significant


Ecd trade missions

ECD Trade Missions

  • China and South Korea

  • Trade mission on April 15-21, 2012, focusing on TN’s medical device manufacturers and other health care companies

  • Companies attending: ABT Molecular Imaging, Christie Medical Holdings, Dream Systems, E-Spin Technologies, Fillauer, Gryphus Diagnostics, Hollywog, iScreen Vision, Silicone Arts Laboratories, Stinger Medical, VenX Medical

  • Mexico

  • Trade mission on July 17 - 20, 2012, focusing on the state’s automotive industry

  • Companies attending: Andersen Flaps, BPS Engineering, Colonial Diversified Polymer Products, eSpin Technologies, Global Industrial Components, Gayle Technologies, Quality Filtration


Seus japan

SEUS Japan

  • Tennessee served as host state for the 35th Annual Joint Meeting of the Southeast U.S./Japan and Japan-U.S. Southeast associations in Tokyo from Sept. 13-15, 2012

  • Promotes trade, investment, understanding and friendship between Japan and member states of the Southeast U.S.

  • Hosted the Tennessee Existing Industry Luncheon for the Tennessee delegation and officials of Japanese companies operating in the state


International offices

International Offices

  • Investment Promotion

  • Contracts for investment promotion offices awarded through a competitive bid process in Japan, Canada and Germany, with the UK in process

  • Trade

  • RFPs for trade offices issued for India, Germany, China, Mexico and the UK within the next few months. These offices will be supported by federal STEP funding from the SBA.


Film entertainment and music

Film, Entertainment and Music

  • Incentive delivery process streamlined

  • Refundable tax credit repealed

  • ABC’s “Nashville” television show filming in Music City has met with early critical acclaim

  • Renewed focus on music and entertainment company recruitment


Marketing

Marketing

  • New collateral created

  • Fact sheets include: Japan investment; Memphis Regional Megasite; Transportation, Logistics and Distribution; Advanced Manufacturing; Automotive Industry; European Investment; Canadian Investment; Incentive Snapshot and ECD Accolades

  • New reports: ECD 2011 Annual Report, ECD Regulatory Reform Report

  • New directories: 2012 Automotive Supplier Directory, Foreign Investment Guide

  • New quarterly e-newsletter for site selectors: Site Select TN

  • New megasite website launched

  • Renewed focus on social media and growing audience and engagement


Accolades

Accolades

  • Area Development: 2012 Gold Shovel Award, for states that have achieved significant success in terms of job creation and economic impact

  • Chief Executive: Named Tennessee one of the top four states in the nation for business in its annual survey of Best and Worst States for Business

  • Area Development: Tennessee ranked seventh in Top States for Doing Business list; also scored the #1 ranking for overall infrastructure and global access and #1 for distribution/logistics hub access

  • Business Facilities: Tennessee ranked No. 1 state in the nation for Automotive Manufacturing Strength for an unprecedented third consecutive year

  • Site Selection: ranked Tennessee the nation’s eighth best state for business climate for the second year in a row


Three star

Three Star

  • Simplified and tied to measurable outcomes

  • Focus on Governor’s five key priorities

  • Retain the state’s incentive dollar match for economic development projects

  • Provide grant dollars to assist rural communities

  • Based on MORE principle: Measureable, Outcome oriented, Reward results, Efficient


Select tennessee certified sites

Select Tennessee Certified Sites

  • A new, statewide site certification program to help Tennessee communities prepare available sites for investment and expansion consistent with modern global standards

  • Sets a consistent and rigorous standard upon which companies can rely in making critical location decisions

  • ECD partnered with Austin Consulting and The Foote Consulting Group to develop and administer the program

  • 42 applicants, 20 more in the pipeline

  • Helps further distinguish Tennessee in the site selection community

  • Helps our communities understand the global competitive environment for their sites and target modernization efforts to achieve certification


Creative community summits

Creative Community Summits

  • Tennessee Main Street and Tennessee Downtowns held a series of Creative Community Summits in Jackson, Franklin and Greeneville

  • Focused on innovative solutions and strategies to generate economic growth in rural communities

  • Free of charge to participants, sponsored by ECD and USDA Rural Development


Transparency

Transparency

  • Launched the transparency website OpenECD.tn.gov

  • Easily accessible public information and documents pertaining to ECD grants and incentives

  • Updated quarterly

  • Public can sign up to receive email alerts when information has been added and/or updated


Incite initiative

INCITE Initiative

  • $50 million initiative to support innovation across the state

  • Called INCITE for its focus on Innovation, Commercialization, Investment, Technology and Entrepreneurship

  • Goal is to raise Tennessee’s profile in innovation-based economic development and drive growth in the creation of knowledge-based jobs

  • Four areas of focus:

    • Innovation Coordination

    • Commercialization

    • Entrepreneurship

    • Co-Investment Funds


Launch tennessee

Launch Tennessee

  • A 5-year strategic initiative with ECD and the Tennessee Technology Development Corporation to create new innovation opportunities in the state

  • Four key areas of focus: entrepreneurship, commercialization, capital and outreach

  • In 2012, the nine regional accelerators have screened nearly 500 companies, raised over $10 million in private sector capital, and engaged over 300 mentors


Incite fund

INCITE Fund

  • Began taking qualified investment applications in February

  • Since inception, the $30 million INCITE co-investment fund has invested $6.8 million in 17 companies, representing investments in software, internet services, health care and consumer services companies

  • This investment has directly resulted in follow-on investment of $17.7 million, resulting in cumulative investment of $24.5 million into Tennessee-based businesses

  • The co-investment fund has $21.8 million of capital which will continue to be invested on a first-come, first-serve basis


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