Chattanooga Area Chamber of Commerce reaches 110% of investment goal

Staff file photo by Matt Hamilton / Construction continues on the new Steam Logistics home office at Fourth and Broad streets on Tuesday, Aug. 16, 2022. Steam plans to create 400 new jobs.

Expansions by companies such as Steam Logistics and West Star Aviation in the past year helped the city's chief economic development group continue to blow past its original $1 billion investment goal.

The Chattanooga Area Chamber of Commerce hit its five-year mark of attracting $1 billion in new capital investment in mid-2021, three years early, according to the business group. Key business expansions in the 12 months ending June 30 helped put the figure at $1.09 billion with two years left in its Chattanooga Climbs economic development plan, the Chamber reported at its annual meeting this week.

"We've had so much interest in Chattanooga," Christy Gillenwater, the chamber's president and chief executive, said in a telephone interview on Thursday.

Over the past 12-month period, the Chamber wooed $38 million in capital investment and 685 jobs, the group reported.