Economic development roundup: $20M investment brings delivery center to Nashville
(The Center Square) – Global IT consulting company Capgemini will invest $20.1 million in Tennessee to build a new delivery center in Nashville, state and company officials announced.
The investment is expected to create 500 jobs, with the possibility of growth leading to another 500 jobs.
“The establishment of Capgemini’s new delivery center is a major milestone that will help us continue to accelerate our business in the U.S.,” Capgemini CEO of Americas Jim Bailey said in a news release. “The area is rich with diverse talent from nearby colleges and universities, has strong accessibility and provides a ripe opportunity with our current partners and future clients.
The delivery center will focus on Capgemini’s capabilities in enterprise application modernization, artificial intelligence, machine learning and IT solutions, state and company officials said.
“This expansion continues our investment to best serve our clients in key markets at every stage of their digital transformation journey,” Bailey said.
Capgemini is based in France and has a presence in 50 countries.
“In recent years, Middle Tennessee has far outpaced national technology job growth rates and is expected to continue on this trajectory for years to come,” Gov. Bill Lee said in a news release. “This region is attracting technology workers from around the country and training a skilled workforce right here in Tennessee. I welcome Capgemini to Tennessee as they create hundreds of new jobs in Nashville.”
86 Pearson Lane: The heat exchanger manufacturer will invest $16 million to establish operations in Lexington. The investment is expected to create 150 jobs in Henderson County.
VP Racing Fuels: The race fuel manufacturer will invest $14.2 million to expand in Huntingdon and open a new facility in McKenzie near the Carroll County Airport. The investment is expected to create 150 jobs.
Bioventus: The medical device manufacturer will invest more than $9 million to expand in Cordova. The investment is expected to create 40 jobs over the next five years in Shelby County.
General Fusion Corporation: The Canadian-based fusion energy technology company will invest $539,000 to open its U.S. headquarters in Oak Ridge. The investment is expected to create 20 jobs in Anderson County.
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