Maury County noticed $1.8 billion new new expenditure in 2020
4 min readThe Maury County Chamber and Economic Alliance lauded an additional 12 months of sizeable expansion for southern Middle Tennessee, despite unexpected and unprecedented hurdles owing to the pandemic.
Even with the COVID-19 virus, the chamber’s economic enhancement team remained energetic throughout 2020 and is now celebrating the start out of a new year with the arrival of extra than 780 new careers.
The growth from both equally recognized and incoming operations in Maury County represents $1.8 billion in cash expense and $28 million in new once-a-year payroll, the chamber declared in an overview published on Tuesday.
Even though supplying help to nearby little businesses during the peak of Tennessee’s statewide lockdown last spring, the chamber introduced four major developments and expansions to the region’s financial system final 12 months.
The year’s big developments came from motor vehicle maker General Motors, in what was thought of the state’s one major financial commitment by a enterprise in the state’s background, the silicone accessories maker Groove Lifetime, freight railcar repair services Real Rail and teeth straightening merchandise producer Smile Immediate Club.
The commence of a new decade followed a rather quiet 2019 that arrived to an end with a $65 million investment from Mersen, a French company, which introduced it would get started manufacturing graphite at the former Union Carbide complex that has stood vacant for lots of years.
“Given what we anticipated in March 2020 and what we faced, this has been a pretty thriving calendar year. It sets the pace for what is even now to arrive,” explained Wil Evans, the chamber’s president.
He claimed the county’s pipeline for potential new expense proceeds to continue to be sturdy in the new year with 16 projects presently remaining pursued with the potential for 1000’s of new jobs and $2 billion in funds expense.
“To be coming off such a large yr, with a new pipeline that is just as significant, is a extremely fascinating place to be in,” Evans claimed.
“There is continue to a good deal out there, and we are carrying out very well in capturing what we can.”
Along with the important announcements in 2020, the neighborhood chamber’s economic advancement group adopted 110 new qualified prospects, answered 64 requests for info and hosted 31 web site visits amid the pandemic.
Chamber leaders also took component in their first international recruitment trip with the Transatlantic Business & Investment decision Council. Neighborhood associates introduced Maury County and its offerings to seven new potential partners and companies in Austria and Germany.
Workforce study to ‘fill the gap’
At property, the chamber began its “ALIGN Maury” workforce enhancement initiative in an exertion to start out forming important connections between the region’s businesses, likely workforce and the region’s universities, schools and education applications.
The results of the challenge will be made use of to identify workforce skill gaps in the region and acquire likely solutions.
Evans claimed the research is now finished, and the chamber will devote the to start with quarter of the new year addressing its results.
The study was conducted in partnership with Boyette Strategic Advisors, an Arkansas-based consulting company that offers products and services in financial impression analysis, negotiation expert services and feasibility experiments as perfectly as workforce remedies.
The hard work included a two-working day local community outreach initiative that integrated participation from regional higher school and college or university learners, educators, neighborhood companies and residents with a sequence of surveys and conferences.
More than 1,000 took aspect in the energy.
The Tennessee College or university of Applied Technological innovation, Columbia State Local community Higher education, Maury County Public Educational institutions and the South Central Tennessee Workforce Alliance all participated, providing immediate engagement. The South Central Tennessee Advancement District, the Tennessee Valley Authority and the Nashville Spot Chamber of Commerce also took aspect.
The initiative also included much more than 10 meetings with local companies.
The study is the 1st action in the chamber’s Advance Maury 2024 initiative, a 5-year, $5.9 million growth strategy, introduced at the starting of the year to focus on sustainable progress from within just the community, though placing a important emphasis on increasing the quality of existence criteria for the location.
Local projects to entice added buyers
In the new 12 months, Maury County will continue on to work on attracting new traders for county-funded Cherry Glen Industrial Park.
The soon-to-be created building at the park sits on the outskirts of Mt. Pleasant, bordering Columbia together U.S. 43.
The new project will supply future industries an incentive to go to the area with a all set-built facility. It will be the 2nd county-funded facility at the site in an effort and hard work to bring in future investors.
In modern several years, a few new corporations have brought their operations to the park: Smalticeram United states of america, The Doug Jeffords Company and Gasoline Overall Methods, a provider to Toyota’s manufacturing facility in Alabama.
In Spring Hill, Charles Hawkins Co. is developing the region’s initial privately-owned industrial spec developing in several yrs.
The accomplished setting up will supply 178,000 square toes of workspace in the northern portion of Maury County at 3350 Cleburne Rd. in Spring Hill.
The web page will sit directly up coming to Normal Motors’ Spring Hill Producing Facility.
Mike Christen is the multimedia editor for The Day by day Herald. Attain him at [email protected] and stick to him on Twitter at @MikeChristenCDH.
