The Tech Sector Has Arrived in TN, and It’s Ready for Its Close-Up with Stuart McWhorter of TDECD

Growth Currents

Stuart McWhorter is the Commissioner of the Tennessee Department of Economic and Community Development (TNECD) and an expert in entrepreneurship, corporate finance, private investing, and public service. Throughout his career, Stuart has impacted countless facets of economic growth, from spearheading nearly 160 projects that have generated over 21,700 job commitments and driven nearly $11 billion in capital investment to leading the Nashville Entrepreneur Center and First Bank Financial Corporation. His background makes him an exceptional leader in the economic development space.

On this episode of Electrifying Growth, Stuart sits down with host Chris Sugden, Managing Partner at Edison Partners, to share the multifaceted landscape of Tennessee's economic growth. They discuss the importance of industry diversification, the burgeoning technology sector, and the favorable business environment within the state. Stuart also shares his insights on supporting small businesses and entrepreneurs, Tennessee's collaborative culture, and the growing presence of venture firms and private equity. Hear about the state's economic strategies, personal stories of resilience and grit, and Stuart's vision for the future. Listen in to be inspired and uncover the secrets to fostering sustainable economic growth in today's dynamic market.

In this episode, you’ll learn:

• How a leader with a diverse background in healthcare, venture capital, and public service can guide your business toward significant growth and resilience.

• Why Tennessee's welcoming culture and partnership-oriented approach make it an ideal environment for businesses to thrive and innovate.

• Stuart McWhorter's vision for diversifying industries and creating high-quality jobs, showcasing why Tennessee is a powerhouse for entrepreneurs and businesses alike.

Jump into the conversation:

[00:00] Introduction to the Electrifying Growth podcast with host Chris Sugden and special guest Stuart McWhorter

[03:22] Being a commissioner and working with other leaders in the state

[08:44] Collaborative nature of Tennessee's cities and their collaborative approach to economic development

[15:11] Parallels between managing diverse conversations in healthcare and government

[16:35] Tennessee's diverse industries

[20:27] Importance of diversifying industries to support small businesses and entrepreneurs

[22:01] Unionization and high-quality jobs

[24:10] Influence of mentors, especially Stuart's father, in shaping his career

[27:54] Advantages of doing business in Tennessee

[31:16] Advice for young adults: resilience and grit

Resources:

Learn more about Stuart: https://www.tn.gov/ecd/about-us/senior-staff/senior-staff/stuart-mcwhorter.html

More about the Tennessee Department of Economic and Community Development: https://tnecd.com/