Top Economic Development Wins of November

12.3.2019

Volkswagen AG Creating Its First North American Electric Vehicle Manufacturing Facility in Tennessee

The automotive company announced they will invest $800M in Chattanooga, TN, creating 1,000 new jobs. This new location is a strategic move to increase their market share in the US. Read the full story here.


Tesla To Establish a Manufacturing, Design and Engineering Center in Germany

Tesla announced they will open their fourth Gigafactory in Berlin, creating 10,00 jobs. They chose Germany due to the outstanding engineering they are known for. The facility is expected to be up and running by late 2021. Read the full story here.


Israel Aerospace Industries To Expand Its North American HQ In Virginia, creating more than 50 new jobs

Israel's largest aviation manufacturer will expand its North American HQ in the center of the aerospace and defense market in Fairfax, VA. The company chose to expand in Fairfax due to its close proximity to their clients. Read the full story here.


PerceptIn Relocating Global HQ From California To Indiana 

The visual intelligence technology company will invest more that $6M and create 160 high wage jobs in central Indiana. PerceptIn chose to relocate to IN due to the states commitment to growing and enhancing its technology sector, business-friendly environment and collaborative industry partnerships. Read the full story here.


BrightFarms To Open Its Sixth and Largest Greenhouse in North Carolina

The packaged salad company will invest $21M in Henderson County, NC and create 54 jobs. They attribute their growth to the increased demand for locally grown produce. Read the full story here.


Hyundai Investing $1.55B in Indonesia, Creating 23,000+ Jobs

The automotive company is making its first investment in Indonesia to help support growth into new ASEAN markets. Read the full story here.