Oak Ridge Today

Aisin auto casting announces $53.8 million expansion in Clinton

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An auto parts manufacturer in Clinton has announced a second major expansion, a $53.8 million investment expected to create 81 new jobs during the next two years.

The investment was announced Tuesday by Tennessee Economic and Community Development Commissioner Bill Hagerty and executives from Aisin Holdings of America Inc.

The company’s subsidiary in Clinton is called Aisin Automotive Casting Tennessee, and it’s located along Frank L. Diggs Drive south of State Route 61 and just west of Interstate 75. It’s the company’s second major business expansion since locating in Tennessee in 2004. [Read more…]

State announces first Select Tennessee Certified Sites, including Horizon Center area

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Tennessee Certified Site at Horizon Center

The Select Tennessee Certified Site is pictured above at Horizon Center. (Submitted photo)

NASHVILLE—The Tennessee Department of Economic and Community Development announced on Tuesday the first six Select Tennessee Certified Sites.

As previously reported on Oak Ridge Today, one of the sites is at Horizon Center in west Oak Ridge.

The Select Tennessee program was launched in June 2012 with the goal of helping Tennessee communities prepare available sites for investment and expansion. The program sets a consistent and rigorous standard upon which companies can rely in making critical location decisions. [Read more…]

Protomet Corp. breaks ground on $6.25 million expansion

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Protomet Expansion Groundbreaking

Protomet breaks ground Friday on a $6.25 million expansion in the Bethel Valley Industrial Park. Pictured above from left are Operations Director Andrew Jenkins and Engineering Director Matt Reid of Protomet; LeRoy Thompson, Tennessee Department of Economic and Community Development regional director; Protomet President Jeff Bohanan; Sherry Browder, Oak Ridge Economic Partnership chair; Oak Ridge Mayor Tom Beehan; and David Wilson, Oak Ridge Industrial Development Board chair.

Protomet Corp. broke ground on Friday on a $6.25 million expansion of its manufacturing facility in Bethel Valley Industrial Park, allowing the company to more than double its space, consolidate operations with a Blount County facility, and expand production.

The expanded facility, which could be complete by the end of the year, will have more  than 40,000 square feet, and it will bring more than 30 jobs to Oak Ridge, a press release said. It is the second multi-million dollar investment at the company’s Oak Ridge site. [Read more…]

Council approves Protomet tax break, ends recycling rewards program

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A five-year, 100 percent tax break for parts manufacturer Protomet was approved in a 4-1 vote by the Oak Ridge City Council on Monday.

The tax break could be used to help Protomet more than double the size of its 15,000-square-foot plant in the Bethel Valley Industrial Park, consolidate operations with a Blount County facility, and add 20-30 workers.

Also Monday, the City Council agreed in a voice vote, with no objections, to end the RecycleBank Reward Program and determine later what to do with the savings of $0.84 per household per month. The savings are expected to add up to about $124,000 each year. [Read more…]

Protomet could use tax break to double plant size, add workers

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A tax break recommended by an Oak Ridge board on Monday could help a parts manufacturer more than double the size of its plant and add 20-30 workers, an executive said.

The Oak Ridge Industrial Development Board endorsed the five-year, 100 percent property tax break for Protomet—which makes marine, automotive, and homeland security equipment—in a special meeting Monday.

But Oak Ridge City Council member Anne Garcia Garland suggested there could be some opposition later. She said residents want to know why Protomet, which has become successful with the help of one tax abatement, should receive another. [Read more…]

Letter: Medicaid, TennCare expansion could benefit Tennessee

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To the Editor:

I just went to my first Breakfast with the Legislators, hosted by the League of Women Voters in Oak Ridge.

First, let me thank the League and the four legislators who came, representatives Kent Calfee and John Ragan, and senators Ken Yager and Randy McNally.

I appreciate the thoughtful and varied questions that were asked. I learned a lot from the legislators and the questions.

My particular area of concern was the expansion of Medicaid/TennCare in Tennessee under the Patient Protection and Affordable Care Act (Obamacare).

[Read more…]