BIRMINGHAM, AL – Tri-Cities, TN has received a significant honor as one of the Top Ten Mid-sized Markets of the Decade, announced by Southern Business & Development magazine (SB&D) in this month’s issue. The SB&D ranking recognizes 10 communities in the South that have had tremendous success in industrial recruitment over the last 10 years. The award is based on total points in the SB&D 100, the magazine’s annual listing of the top 100 economic development projects of the year in the South in terms of investment and job creation.
"The Tri-Cities has exhibited forward-thinking strategies and flexibility in meeting industry needs," explains SB&D’s publisher Mike Randle. "Combine that with their low-cost, central East Coast location and they have a recipe for continued success."
Tom Ferguson, president/CEO of the Regional Alliance for Economic Development, expounded on his area’s sales attributes. "Not only are we halfway between NYC and Orlando, but we are an interstate hub – located on key transportation corridors: I-81 which leads from the Northeast to the Midwest and I-26 which goes right past BMW’s manufacturing facility in SC, down to the port at Charleston. Our prime location and low cost electricity has been a factor as we recruit companies supplying to BMW, Mercedes, Honda, Hyundai and Nissan." Ferguson adds, "Another major factor is our region’s longstanding workforce experience in plastics and rubber production." Together, plastics and rubber manufacturers account for nearly 9,000 regional jobs.
In mid-2007 Eastman Chemical committed to spend an average of $265 million each year for five years, a total of $1.3 billion. "Project Reinvest" built a stronger partnership between Eastman and Northeast State Technical Community College (NSTCC). "Our hope is this partnership between one of Tennessee’s largest employers and our higher education system will become a model for developing the workforce of the future in our state," said Tennessee’s Governor Bredesen. Northeast State developed custom programs which trained mechanics, lab analysts and chemical operators.
Eastman is a leader in regional workforce training. Recently joining forces with paper manufacturer Domtar to create the Regional Center for Advanced Manufacturing in downtown Kingsport, the new center houses training and apprenticeship programs as well as NSTCC’s electrical-, mechanical- and technical- degree programs, and is part of the Academic Village, a downtown cluster of educational facilities.
DTR Tennessee, Inc, with 1500 employees and an investment of $200 million in the region, supplies anti-vibration and hose products to Toyota, Honda, Nissan, and Ford.
"We were looking for a location in the Southeast since a lot of our customers moved here," said Cal Doty, DTR Vice President for Human Resources. "We looked around all over and felt most comfortable here because of the workforce and the economic development folks who assisted us in finding property."
"One advantage of being headquartered in East Tennessee is the caring, can-do culture of the people in this area," said Brian Ferguson, Eastman’s executive chairman, and a member of the Regional Alliance board of directors, who speaks of "a pipeline of skilled workers for generations to come."
Cities represented in the Alliance include Bristol (situated on the TN/VA line), perhaps best known as a hotbed for short-track NASCAR racing, but also a VA city that was touted in 2009 as one of the top seven cities worldwide (and the only US city) to be deemed an "intelligent community" for its strategic use of advanced broadband. Accolades continue with Johnson City, TN named by Business Week as one of the "best places to raise children." And a growing reputation in the medical and biomedical community with a recent $9.1 million federal grant to East Tennessee State University to upgrade their biomed research facility and the graduation of the first pharmaceutical class at the Gatton College of Pharmacy.
"We have to remember that economic development is a marathon, not a 100-yard dash. So when you view our region over a 10-year period, some really great things have happened," says Ferguson. "As the economy recovers, we are still trying to understand which industries will be winners and losers. We expect the automotive sector to grow and come back along with rubber and plastics. We are working to prepare our work force for the demands of tomorrow so that our region can continue to be a Top 10 Mid-sized Market."
The following are the top 10 mid-markets in the South based on points earned in the annual SB&D 100 over the last ten years:
1. Huntsville, Ala.
2. Baton Rouge, La.
3. McAllen, Tex.
4. Tri-Cities, Tenn.
5. Gulfport/Biloxi, Miss.
6. Knoxville, Tenn.
7. Little Rock, Ark.
8. Mobile, Ala.
9. Tulsa, Okla.
10. Charleston, S.C.
About SB&D: SB&D is the leading publication promoting corporate investment and job creation in the American South, the world’s fourth largest economy. The magazine’s websites are www.sb-d.com, www.southernautocorridor.com, and www.smalltownsouth.com.
About The Regional Alliance for Economic Development: Representing 2 Virginia counties: Scott and Washington, and 8 Tennessee counties: Hancock, Hawkins, Sullivan, Johnson, Carter, Washington, Greene and Unicoi, the Alliance works to position the Region to successfully compete in the global marketplace. For more information contact Tom Ferguson, President/CEO, tferguson@alliancetnva.com or call 423-323-8102.