"Continuing economic growth requires both recruitment of new companies and expansion of existing businesses"
About this Quote
The subtext is a warning against economic monoculture and short-term thinking. A state that only hunts for relocations becomes addicted to incentives, tax breaks, and photo ops, while neglecting the unglamorous basics - infrastructure, workforce training, permitting speed, broadband, quality of life - that actually determine whether firms scale. By pairing recruitment with expansion, Bredesen also dilutes ideological friction: you can be pro-business without sounding anti-worker, because growth becomes a pragmatic balance sheet rather than a culture-war badge.
Context matters because this is the language of a governor-era South competing in a national marketplace, where states are brands and companies are courted like free agents. It's also a hedge against volatility: if national trends slow recruitment, homegrown expansion can keep the numbers steady. The sentence is engineered to sound obvious, which is precisely why it works: it smuggles an agenda of continuity, competence, and incrementalism into a "common sense" truism.
Quote Details
| Topic | Business |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Bredesen, Phil. (2026, January 16). Continuing economic growth requires both recruitment of new companies and expansion of existing businesses. FixQuotes. https://fixquotes.com/quotes/continuing-economic-growth-requires-both-123620/
Chicago Style
Bredesen, Phil. "Continuing economic growth requires both recruitment of new companies and expansion of existing businesses." FixQuotes. January 16, 2026. https://fixquotes.com/quotes/continuing-economic-growth-requires-both-123620/.
MLA Style (9th ed.)
"Continuing economic growth requires both recruitment of new companies and expansion of existing businesses." FixQuotes, 16 Jan. 2026, https://fixquotes.com/quotes/continuing-economic-growth-requires-both-123620/. Accessed 12 Feb. 2026.



