Economic Officials Count $4 Billion in Capital Investment for 2011

As the unemployment rate has improved in Tennessee, so has job creation. Governor Bill Haslam said in his State of the State speech this week that his economic policies are working.

“In 2011, there were more than 28,000 new Tennessee jobs created and over $4 billion dollars in capital investment.”

Haslam’s figures are part of a new report out Tuesday from the Department of Economic and Community Development, which is not taking credit for creating all 28,000 jobs. But for those positions that are a result of state incentives – like from GM and Amazon – the report shows Tennessee is spending less – roughly $2,400 per job. That’s nearly half what the state has spent in recent years.

View the 2011 Annual Report from ECD.

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