In 2019, Tennessee was ranked #1 Best Business Climate in Business Facilities' Annual State Rankings Report. Japanese firms account for more than half of the foreign direct investment in Tennessee. Nearly $19 billion in capital investment is credited with creating thousands of jobs for the state’s residents in fields such as automotives, electronics and renewable energy. Considering that in 1977, Japanese investment comprised only about 2 percent of all FDI in Tennessee, this growth is nothing less than astounding.
Companies that are now among the world’s leaders in manufacturing, technology and logistics are at home in Tennessee. Bridgestone, Brother, Denso, Komatsu, Mitsubishi, Mitsui, Nissan, and Sharp are just a few of the better known Japanese brands that have maintained a longstanding and growing presence in the state. In June 2019, Mitsubishi Motors North America announced it would invest $18.25 million to move its U.S. headquarters from California to Tennessee.
The financial support of JAST’s corporate and individual members facilitates prosperous relationships with Japan in the form of outreach, programs and events focused on nurturing this vital economic relationship and sustaining success in the state’s Japan-connected communities.