Hamilton County to seek $9 million state grant for Destamp Chattanooga modernization
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Summary
County staff read a resolution to apply for a Tennessee fast-track modernization grant of up to $9 million for Destamp Chattanooga; company representative described local investment, employment and planned capital spend through 2029. Commissioners confirmed the county will not provide a matching contribution.
Commissioners heard a request that the county mayor submit a fast-track modernization grant application to the Tennessee Department of Economic and Community Development on behalf of Destamp Chattanooga LLC, Destamp North America Inc. and Destamp Chattanooga 2 LLC for an amount not to exceed $9,000,000.
John Cloutier, a company representative, said Destamp has been in the community since 2010 and has invested in three plants locally "a little over 250,000,000 so far to date." He said the company currently employs about 1,264 people in Chattanooga and that the modernization would support production for both internal-combustion and electric-vehicle customers. Cloutier described planned investment of about $109,000,000 through 2029 to support new work and potential new customers.
Commissioners asked about fiscal obligations and were told the state grant is a no-match award for the county; "Hamilton County taxpayers are not matching anything," a commissioner said and company representatives confirmed Tennessee would make the grant to the county which would transfer funds to the company if awarded.
Several commissioners praised Destamp’s local presence and track record. No formal vote or outcome is recorded in the transcript excerpt.