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State Funding Board approves FastTrack grants for Crossville and Smyrna manufacturers
Summary
The State Funding Board approved two FastTrack awards March 23 for Durable Products LLC in Crossville and Tamco USA Inc. in Smyrna, totaling roughly $1.09 million in requested incentives and training funds and committing the companies to job-creation and capital-investment targets.
The Tennessee State Funding Board on March 23 approved two FastTrack economic development awards for manufacturing facilities in Crossville and Smyrna.
DECD staff presented the financing picture before details of the projects. Jessica Johnson said the FastTrack fund had an adjusted balance of $686.5 million, with total commitments of $548.5 million that left about $138 million uncommitted; the two projects presented would reduce the uncommitted balance by about $2 million to roughly…
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