Tennessee’s Future Holds Promise
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Tennessee’s unique geographic location, its tax structure, and pro-business legislature, make the state highly attractive. That’s one of the reasons Under Armour plans to build its third U.S. distribution center in Mount Juliet. The 1 million-squarefoot-warehouse, a $100 million investment for the sports brand, will open in early 2016 and is projected to create 1,500 new jobs in the next five years. “We picked Mt. Juliet mainly for its location, relative to the rest of the country and our customers,” said Kip Fulks, chief operating officer for Under Armour. “It offers a superb hub for our distribution network.” “The thing we need to be is the most business friendly state in the Union,” said Speaker of the House, Beth Harwell. “We need to make it easy to own and operate a business in Tennessee. You do that by keeping your state a low debt state, you keep it a low tax state, you keep the income tax out, and you keep it a right-to-work state.” Tennessee is positioned to be a major competitor in attracting new manufacturing.
chemical products like adhesives, coatings, electronics, and medical and nets over $9 billion in revenue annually. Photo courtesy of Eastman Chemical
opposite page: Tennessee’s unique geographic location, its tax structure, and pro-business legislature,make the state highly attractive to brands like Under Armour. Photo courtesy of the State of Tennessee Photographic Services / Jed DeKalb
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