Sunday, July 13, 2008

Tennessee: Foreign Investors Stoking Growth

(Note to e-subscribers: Blog post has article link.) Steven Livingston, editor of Global Commerce, is quoted in a Chattanooga Times Free Press article (July 13, 2008) about the impending decision on the location of a new VW plant:

"Tennessee has been a national leader in recruitment of Japanese companies since Nissan was recruited to Smyrna 25 years ago.... 'Because of Nissan and Denso (which together have more than 10,000 workers in Tennessee), we have a bigger share of Japanese direct investment than most other states. But with the currency changes we’ve seen and the growing globalization of business, we’re likely to see more foreign investment from all over the world.'”