Posted on: Monday - Oct 26, 2015
NASHVILLE – Last week there was a string of economic development announcements in Tennessee that are expected to create a total of nearly 1,200 jobs in the state.
The week marked announcements of new investments by Advanced Munitions International in Alcoa, Intermedix in Nashville, Morgan Olson in Loudon and Regal Entertainment Group in Knoxville.
“This was a great week for Tennessee in terms of investment and job creation, including fields that involve advanced technology,” Haslam said. “These announcements speak to our ability to attract quality jobs to Tennessee and increase our potential to attract even more.”
On Tuesday, Advanced Munitions International announced the company will build a global headquarters and state-of-the-art munitions manufacturing facility in Alcoa’s Partnership Park. AMI will invest $553 million in a campus for its manufacturing, distribution and research-and-development operations, creating 605 new jobs. AMI is known in the firearms industry for specially formulated ammunition that employs proprietary technology. AMI supplies ammunition to the military, law enforcement and civilian markets.
On Thursday, Intermedix Corporation, a provider of analytics and technology-enabled solutions for global health and safety, announced it will locate new operations in Nashville with an innovation lab and executive offices, creating 116 new jobs in Davidson County. Intermedix delivers professional services to health care providers, government agencies and corporations.
Also on Thursday, Haslam attended a ribbon-cutting ceremony in Loudon, where walk-in van manufacturer Morgan Olson is creating 400 new jobs on a capital investment of $45 million, with the potential of the jobs total reaching 500 or more. The company, headquartered in Sturgis, Mich., is expanding in Loudon to meet demand. Morgan Olson builds delivery trucks for customers like UPS and the U.S. Postal Service.
On Friday, Haslam announced Regal Entertainment Group will locate its new corporate headquarters on Knoxville’s South Waterfront. Regal operates the nation’s largest U.S. theater circuit and is expected to create 75 new jobs. The headquarters will occupy a nine-story, 178,000-square-foot building along Knoxville’s rapidly developing South Waterfront. The waterfront corridor has begun to attract new businesses and residential development.