Asurion Corp. Expands in Nashville, Tennessee, with Cash Grant Aid
02/08/2011
"If you're serious about economic development, participating in some sort of local incentive is important," Alexia Poe, the mayor's director of economic and community development, told the Tennesseean. "When the state is willing to be committed to bringing and keeping companies here, we have to do our part because there are 94 other counties they can be working with."
Asurion considered other locations both in- and out-of-state for its expansion, including Williamson County, south of Nashville.
Called the Metro grant, Asurion will receive $500 for each job created. It will receive an additional $2.1 million over three years for employee training, relocation, and real estate expenses.
"We're very excited the city stepped up to help offset some of our challenges," said Bettie Colombo, a company spokesperson.
Asurion currently employs 1,200 people in Nashville. It is considering locating in the city's Grassmere Business Park or another location.
Project Announcements
Certus Medical Expands Ingham County, Michigan, Operations
04/16/2024
Kalmbach Feeds Expands Wyandot County, Ohio, Operations
04/16/2024
Germany-Based Tesa Tape Relocates-Establishes Grand Rapids, Michigan, Headquarters
04/15/2024
FUJIFILM Diosynth Biotechnologies Expands Holly Springs, North Carolina, Operations
04/15/2024
Two Rivers Lumber Plans Coosa County, Alabama, Sawmill Operations
04/15/2024
Protomet Corporation Plans Rockwood, Tennessee, Operations
04/15/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024