In November 2022, the Volunteer State landed the largest foreign direct investment in state history. LG Chem announced plans to invest more than $3.2 billion to establish a new cathode manufacturing facility in Clarksville to support the electric vehicle battery value chain in the United States. The project will create more than 850 jobs. 6K Energy also announced in April 2023 a $200 million battery material manufacturing plant in Jackson that will create 230 jobs. Duracell also announced a $25 million expansion of its manufacturing operations in Cleveland, Tenn.
Fasttrack Job Training Assistance Program: Offers grants to assist new or expanding companies to fund training for new employees.
Fasttrack Economic Development Fund: Offers a grant to offset costs for eligible companies expanding or locating a business in Tennessee.
Job Tax Credit: Offers a credit of $4,500 per job to offset up to 50% of franchise and excise (F&E) taxes in any given year, with a carry forward for up to 15 years.
Industrial Machinery Tax Credit: Offers a credit of up to 10% for the purchase, third-party installation and repair of qualified industrial machinery.
tnecd.com
nashvillechamber.com/economic-development
greaterchatt.com
knoxvillechamber.com/economic-development
In February 2023, the Tennessee Department of Economic and Community Development (TNECD) unveiled Fund Tennessee, which is made up of a suite of programs funded by the U.S. Department of the Treasury’s State Small Business Credit Initiative. The TNECD’s mission is to provide funding to empower small businesses to access capital needed to invest in job-creating opportunities.
10 Fortune 500 companies headquartered in state, including:
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
