Chattanooga, TN – Tennessee Governor Bill Lee and Department of Economic and Community Development (TNECD) Commissioner Stuart McWhorter will travel to France next week to attend the 55th International Paris Air Show, continuing the state’s efforts to attract global business and investment to the Volunteer State.
The trip marks Gov. Lee’s second visit to France and his fourth international recruitment mission since taking office in 2019. During the visit, the governor and TNECD officials will meet with a number of prospective aerospace and manufacturing companies, as well as with executives from two French multinational firms that already have operations in Tennessee. The goal, according to the administration, is to both strengthen existing partnerships and lay the groundwork for future economic development.
“Tennessee consistently ranks as a top state for business thanks to our strong economy, low taxes, and talented workforce,” said Gov. Lee. “But companies consider more than these factors when choosing where to invest. As states across the country compete for economic investment, we prioritize relationships – so that leading global brands know we’re committed to delivering greater opportunity for Tennesseans through successful, lasting partnerships.”
Foreign direct investment plays a significant role in Tennessee’s economic development. According to TNECD, more than 25% of the state’s new job commitments each year come from international companies. The department operates a global recruitment strategy with five investment representatives based in key markets across Europe and Asia.
Commissioner McWhorter emphasized the results of previous international outreach efforts, noting that Tennessee has secured 1,200 new jobs and nearly $270 million in foreign investment over the past two years directly linked to meetings held abroad. Notable companies involved include Schneider Electric, Landmark Ceramics, and Howmet Aerospace.
The Paris Air Show, held biennially, is the largest aerospace industry event in the world, drawing nearly 2,500 companies from over 48 countries and close to 300,000 visitors. In 2023 alone, the show was the site of more than $150 billion in signed contracts, reinforcing its reputation as a global hub for business and deal-making.
Tennessee’s aerospace and defense sector has grown significantly during Lee’s administration, adding approximately 2,900 new jobs and over $575 million in investment. Today, the state is home to 160 aerospace and defense firms, including industry leaders such as Bell Helicopter, West Star Aviation, and Howmet Aerospace.
With next week’s visit, Tennessee aims to further expand its global footprint and solidify its position as a premier destination for aerospace innovation and advanced manufacturing.