Southeast Region Builds On its Strength
Published Jan 13, 2010
Two of the most significant foreign capital investments in the United States are taking place in the heart of the Southeast Industrial Development Association’s service territory, cementing the 22-county, three-state region’s attractiveness as a place for new investment and jobs.
Playing off the region’s trained and reliable workforce, available product inventories and outstanding quality of life, SEIDA has been a force in attracting investment and jobs. In 2008 alone, the association’s efforts helped facilitate 10 locations, 16 expansions, $1.3 billion in new capital investment and creation of more than 5,900 jobs.
Those efforts were capped by German company Wacker Chemie AG’s plans for a $1 billion facility in Bradley County, Tenn., to produce hyperpure polycrystalline silicon, a key component in photovoltaics for solar energy and semiconductors for the electronics industry.
Volkswagen is building a mammoth $1 billion manufacturing complex in Chattanooga that is spurring millions of dollars in additional investment and will create hundreds of jobs when it begins operations in 2011.
SEIDA’s staff, board, power-distributor members and partner organizations collaborate and cooperate to lure companies to southeast Tennessee, north Georgia and southwest North Carolina, where spectacular natural beauty, an array of cultural and arts attractions, endless recreational opportunities, and high-caliber health-care and higher education institutions combine to make the region a place to invest and thrive.
For more on the region’s advantages, contact:
Southeast Industrial Development Association
P.O. Box 4757
1000 Riverfront Parkway
Chattanooga, TN 37405-0757
(423) 424-4245
www.seida.info
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