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Monthly ‘Hot Sheet’ shows state making economic strides

Monthly ‘Hot Sheet’ shows state making economic strides

Posted: Thursday, October 20, 2011 5:01 pm

By KEVIN BOWDEN
Staff Reporter
A state “Hot Sheet” shows Tennessee is making significant progress attracting capital investment.
The state Department of Economic and Community Development issues the “Hot Sheet” monthly to document industrial growth around the Volunteer State. (See related story, Page 1.)
Recent developments in northwest Tennessee also made the news in the “Hot Sheet” after state Commissioner of Economic and Community Development Bill Hagerty visited the Cates Landing site in Lake County earlier this month.
The commissioner’s Oct. 6 visit to Lake County was made in order to keep him up-to-date on progress being made on the multi-million port project. Actual construction on the dock structure began this week and the entire port project is scheduled to be completed in spring 2013.
The port facility, an adjoining industrial park and efforts to establish as Foreign Trade Zone at the site continue to attract the attention of key state officials. The Lake County port is just one of several ongoing projects taking place in the region designed to promote economic development.
According to the state’s most recent “Hot Sheets,” several major announcements have been made during the past couple of months:
• A $5 million industrial expansion announced in Robertson County by Electrolux. The expansion will mean the creation of 75 new jobs.
• CANBERRA Industries Inc. announced a $1.2 million expansion in Oak Ridge, creating more than 45 new jobs.
• The recent Amazon agreement will result in the creation of 3,500 full-time jobs and “thousands of seasonal jobs” through a $350 million capital investment.
• A $6.3 million MetriCan expansion in Dickson County will mean the creation of nearly 60 manufacturing, warehouse and skilled trade jobs.
• State officials recently celebrated the new North American Cooking Products manufacturing center in Memphis, where work has started on the site and the facility is scheduled to be fully operational by 2014. The project is scheduled to create more than 1,200 jobs in Memphis.
Local officials continue to work with state officials on industrial prospects for Obion County. Published in The Messenger 10.20.11

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