Magna International, TNECD Win 2023 Impact Award for EVSupplier/Manufacturing from Business Facilities

LAWRENCEBURG, TENN– Business Facilities, the nation’s premier publication for corporate site selection and economic development, has named Magna International’s recent project with the Tennessee Department of Economic & Community Development, Lawrence County Government, City of Lawrenceburg, Lawrence County Chamber of Commerce, and Tennessee Valley Authority (TVA) as the winner of the 2023 Impact Award for EV Supplier/Manufacturing.  

Magna International announced their plans to invest $790 million across three new Tennessee facilities last July, including nearly $200 million at a state-of-the-art stamping and assembly plant in Lawrenceburg.  The collaboration between the automotive giant, the State of Tennessee, and Lawrence County earned the project a prominent place among the 19 projects celebrated in Business Facilities’ 2023 Impact Awards.

“The winning formula for Lawrence County is simple—the cohesive leadership of our elected officials, the pro-growth attitude of our business community, and the partnership we have with our state and regional economic development organizations make our community easy to sell.” explained Ryan Egly, President & CEO of the Lawrence County Chamber of Commerce.  “Of course, our efforts to recruit Magna to Lawrence County would not have been possible without the Chamber’s decades-long partnership with Lawrenceburg Utility Systems.” 

“On behalf of Lawrenceburg Utility Systems, I want to congratulate Magna International for this award,” stated Vic Pusser, CEO of Lawrenceburg Utility Systems.  “This recognition proves that our team is well-equipped and our system is prepared to serve Lawrence County’s growing customer base.”

Business Facilities’ Impact Awards acknowledge relocation and expansion investments that significantly contribute to the development and prosperity of the communities they are a part of. TNECD’s collaboration with Magna International stands out as a remarkable example of strategic investment and innovation in the automotive sector.

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