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Johnnie Creel & The Creel Group

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Tennessee ranks No. 1 in foreign investment jobs

International Relocation to KnoxvilleAccording to the Knoxville Chamber of Commerce‘s recent Economic Development update:

Tennessee ranks No. 1 in foreign investment jobs

Tennessee led the nation in jobs created by foreign investment in 2013, according to the new Global Location Trends Report by the IBM Institute. Foreign companies have 864 operations in Tennessee, representing more than 116,000 jobs and an investment of more than $30.1 billion. The state was No. 1 in terms of raw number of jobs and jobs per capita, according to the report. Last year, state ECD projects lured 52 commitments from foreign-owned companies, creating 9,215 jobs and $1.68 billion in capital investment. Foreign direct investment from those projects accounted for just under 40 percent of all new jobs in the state in 2013. Innovation Valley saw foreign investment growth from several companies including German based Fresenius Medical Care, and Japanese company Aisin Automotive Casting.

This could potentially lead to more international relocation to the Knoxville area. For an international relocation client, having an agent with a Certified International Property Specialist (CIPS) designation is an important tool to making the transaction move smoothly.  Contact me today to learn more about how working with a CIPS Realtor matters in international relocation.

 

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