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Tennessee Incentives and Workforce Development Guide

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FINANCING & GRANTS. Economic Development Fund: The new FastTrack Economic Development Fund expands Tennessee’s current FastTrack infrastructure and job training program by providing additional grant support for companies expanding or locating in Tennessee with reimbursable grants made to local industrial development boards.

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Food Processing: Generating Growth for Good Eats

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The recent mega-mergers of major food companies like Kraft with Heinz and AB InBev with SABMiller are a sign consolidation of established companies but also an opportunity for new entrants to the market and cost-reduction throughout the industry. Not all of these acquisitions have worked out. ConAgra bought Ralcorp in 2012 for $6.8

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Location Focus: Illinois – Trying to Make Headway in Every Way

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In less than four months, 2,830 homebuyers in 85 counties have reserved more than $360 million in financing, creating an estimated 1,400 new jobs. When complete, the $250 million mixed-use development will boast over 650 luxury apartment units, a hotel, a water park and over 100,000 square feet of retail and restaurant space.

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FEATURE STORY: Logistics Clusters Are Jobs Magnets

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These include transportation carriers of all kinds, as well as warehousing, distribution, third-party logistics services, manufacturers’ operations, retailers and distributers who may have their own distribution centers. The I-69 Corridor serves industry clusters including automotive, defense, aerospace, medical devices and green technology.

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LOCATION FOCUS: United It Stands

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Coverage of its 4,974 square miles is aided by I-90, I-86 and Route 219; Buffalo-Niagara International Airport; the Port of Buffalo; and four class I railroads (CSX, Norfolk Southern, Canadian National and Canadian Pacific). The Long Island Region is a magnet for commerce and industry and a world leader in technology development.

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State Focus: Minnesota’s Formula For Success

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The state has 18 Fortune 500 companies specializing in areas such as health care, financial services, retail and food production. Water technology is another strong industry in the state, employing nearly 15,500 people in water and wastewater treatment technology. Key Industries in the region include: Health and Sciences.

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LOCATION FOCUS: The Heartland of America Beats Strong

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It is situated at the geographic center of the nation and is the crossroads for a wide range of business sectors, including manufacturing, finance, agriculture, technology and warehousing and distribution. The current vacancy rate has fallen below 7 percent, which is among the lowest industrial vacancy rates in the region.

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