NASHVILLE, Tenn. – Tennessee has been ranked among the top states in Site Selection magazine’s annual rankings for economic development in 2009.
Tennessee rated No. 5, behind Ohio, Texas, Michigan and Pennsylvania.
The state said in a news release Wednesday that since January 2003, economic development projects in Tennessee have created more than 179,000 new jobs, $29 billion in new capital investment and 49 new corporate headquarters.
The tallies are based on expansion or relocation projects that meet at least one of three standards: a capital investment of at least $1 million, creation of at least 50 new jobs or creation of at least 20,000 square feet of new floor space. Only corporate projects are considered.