By any economic development measure, Pellissippi Place represents the Knoxville-Oak Ridge Innovation Valley® at its most ambitious.
By any economic development measure, 450-acre Pellissippi Place, which elected officials opened in a dramatic evening “Lighting of the Park” ceremony, represents the Knoxville-Oak Ridge Innovation Valley® at its most ambitious. Stunning new signage makes it clear that Pellissippi Place is now open for business.
The overarching goal of Pellissippi Place is to accelerate the Knoxville-Oak Ridge Innovation Valley’s already considerable high tech momentum and, in the process, create 21st century jobs. Long term plans call for a combination of tech-based businesses and research companies, quality hotels and conference centers, residential dwellings, river features, biking-hiking trails and retail stores.
Located off of I-140 south of Knoxville, and across from Clayton Home’s corporate headquarters, the park offers a sweeping vision for the future – one that reflects the region’s sense of optimism and eagerness to work together. With the opening of Phase I – the front 80 acres — elected officials, business leaders and the economic development community say they have created one of the South’s finest business addresses.
Blount and Knox Counties and the cities of Maryville and Alcoa, Tennessee, invested $5 million each to buy and develop the site. Such a level of cooperation between city and county governments is exactly what is needed, economic developers say, to leverage an entire region’s assets and to attract investment and succeed in the global economy.
Leveraging the Region’s Combined Assets
The Innovation Valley is a recognized leader in researching, developing and commercializing new technologies in such fields as energy storage, carbon fiber, bioenergy, instrumentation, advanced materials for the solar industry, nuclear component manufacturing and advances in many other nationally-identified priority areas.
Business Facilities magazine just ranked Tennessee State of the Year winner, saying the state “has laid the foundation for robust growth in automotive manufacturing and clearly established itself as one of the players to watch in the alternative energy sector.” The business publication, which is closely read by business decision makers and the economic development community nationwide, in particular praised the Innovation Valley’s high tech expertise and many business collaborations with Oak Ridge National Laboratory.
Investors come to the Innovation Valley because of the region’s:
- Cutting Edge Research Capacity
- Intellectual Resources
- Quality of Life
- Willingness to Work Together
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Source: Blount Partnership | PR Newswire
Photo: Knoxville-Oak Ridge Innovation Valley®