The race to win Sears Holding Corp. appears to be heating up.
NBC in Chicago and the Detroit Free-Press are reporting that Tennessee has intense competition for the retail giant’s corporate headquarters, saying Michigan is working to lure Sears’s headquarters with incentives worth about $50 million, including tax breaks, housing incentives and relocation grants.
Besides Tennessee, New Jersey, North Carolina and Texas reportedly also are in talks with Sears about a possible relocation.
No word on where in Tennessee the Sears folks would locate. Could Knoxville be on the short list?
Tennessee’s business recruitment effort has had a good run in the last few years under the leadership of Gov. Phil Bredesen.
Volkswagen’s new billion-dollar manufacturing complex in Chattanooga is nearing completion. Wacker Chemie AG plans to invest $1 billion in Bradley County and Hemlock Semiconductor expects to spend as much as $2.5 billion on a new plant in Clarksville, just to name a few of the state’s big scores.