Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
State approves three fast-track grants to manufacturers in Bradford and Morristown
Summary
The Tennessee State Funding Board on June 23 approved three fast-track economic development grants that would help TIRAC LLC in Bradford and two Morristown businesses expand operations. The projects together promise more than 500 net new jobs and about $37.6 million in capital investment commitments over five years, according to Department of ECD.
The Tennessee State Funding Board on June 23 approved three fast-track economic development grants to support manufacturing expansions in Bradford and Morristown.
Stephanie Burnett, budget and financial operations administrator with the Department of Economic and Community Development, presented the projects and financials. She said the three projects would create a combined 536 net new jobs and represent about $37.6 million in capital investment over five years. The proposed fast-track grant amounts presented were $1,000,000 for TIRAC LLC, about $1,400,000 for Halmet Castings/ Halmet Aerospace, and $800,000…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
