Answer Financial’s decision to relocate its local sales center to Knoxville, taking several hundred jobs, will have a significant impact on Oak Ridge, but another tenant could be interested in moving into the office building on Union Valley Road, business leaders said.
One of the largest auto and home insurance agencies in the United States, Answer Financial broke ground on its new 32,775-square-foot facility on Bridgewater Road in Knoxville last week. It could be open by early fall and serve as the company’s primary sales center. It will be able to house more than 400 employees, including more than 100 new employees the company plans to hire in the next two years.
Estimates of the jobs lost in Oak Ridge ranged from about 200 to 300, and officials said Answer Financial workers earned $40,000 to $50,000 or more.