NASHVILLE – State Senator Ferrell Haile (R-Gallatin) announced today that the Tennessee State Funding Board has approved three major economic development grants for ARC Automotive, Inc. in Trousdale County. The Funding Board approval comes after Haile worked with Tennessee Department of Economic and Community Development (ECD) to obtain the grant which was critical in locating the company’s manufacturing facility in Hartsville.
The grants include $272,100 for FastTrack Economic Development, $132,000 for FastTrack Job Training Assistance and $263,900 for FastTrack Infrastructure Development.
“This is great news,” said Senator Haile. “We have been working with ECD to complete this grant so that these jobs will be coming to Trousdale County. The Funding Board’s action helps fulfill our commitment to ARC Automotive to ensure this major investment becomes a reality here.”
The company will invest approximately $3 million to locate a new manufacturing facility in Hartsville to expand its automotive airbag inflator production capability, creating 66 new jobs in Trousdale County. The new facility will be built at the PowerCom Industrial Center, centrally located and convenient to ARC Automotive’s Knoxville and Morgantown inflator manufacturing operations. Production at the Hartsville facility is expected to gradually increase over a two-year period.
Haile said the project was a team effort by local legislators, city and county officials with the Tennessee Valley Authority (TVA) and ECD. It was assisted by the Four Lake Regional Industrial Development Authority, Middle Tennessee Industrial Development Association and Tri-County Electric.
“This was a real team effort,” added Haile. “I look forward to continuing to work with our city, county and state partners to bring new and better paying jobs to our citizens.”