Tue
Oct 20 2015
08:22 am
By: R. Neal
Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd along with Advanced Munitions International (AMI) announced today the company will build a global headquarters and state-of-the-art munitions manufacturing facility in Alcoa’s Partnership Park.AMI, a global leader in high-end ammunition manufacturing, will invest $553 million in a new campus for its manufacturing, distribution and R&D operations and create 605 new jobs.
Swell. Tennessee is becoming safe haven for the firearms industry.
Gun makers' exodus benefits Tennessee
"Labor is a lot cheaper in the South, the restrictions are less, and there is more openness. And why not go to the South where you can manufacture all the firearms you want? Right now, South Carolina and Tennessee seem to be the most attractive." (Brian Ruttenbur, an analyst with CRT Capital Group in Stamford, Conn., who closely follows the firearms industry)
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Can't wait to hear about the
Can't wait to hear about the "incentives."
Whatever it is,
(in reply to R. Neal)
it ought to by tied to their promises.
We know touting jobs is the carrot a company dangles to the community.
A community should stipulate its own "performance bond".
If in an agreed upon time the employee count is 300 instead of the 605, then the company would owe the community half the incentives back.
It appears they are currently
It appears they are currently based in Nevada?
Looks like their primary
Looks like their primary operating company is in Arizona.
Web info is sketchy. They apparently announced a reorg yesterday.
How does Knoxville benefit
How does Knoxville benefit from the Alcoa Partnership Park?
Don't think it does?
(in reply to jbr)
Don't think it does? Except more jobs in the region.
Partnership Park North
Partnership Park North appears to be on Proffit Springs Road in Alcoa, which is off of Louisville Loop Road which is off of Louisville Road.
There does not appear to be any other businesses in Partnership Park North. It is surrounded by agriculture and residential land. It is less than a mile from the airport runways, but you would not know it by driving in the area.
The land is currently owned by the Industrial Development Board of Blount County. It looks like it was purchased for $2.3M in 1998. There either is or was a dairy farm on the property.
According to news reports,
According to news reports, their HPR ammo operation (their only operation?) threatened to move if they did not get local incentives to expand in Arizona. This was after receiving a $300,000 economic development grant from the state.
The company has only been in operation for about five years and appears to have less than 100 employees.
(link...)
(link...)
(link...)
From one of your links to the
(in reply to R. Neal)
From one of your links to the Payson Roundup news source,
What did the State of TN, Blount County, and Alcoa offer them?
They were previously known as
They were previously known as Advanced Tactical Armament Concepts LLC, also registered in Nevada.
This is pretty
This is pretty funny...
(link...)
An industry for the 21st
An industry for the 21st century!
If this is the same company,
If this is the same company, the CEO at the time appeared before city council on a zoning issue for a proposed expansion in Aug. 2014:
(link...)
Also in 2014 before another town council meeting on the same issue:
(link...)
The Haslam record
This is a disgrace. And remind me again what Pilot Oil has contributed to the world. Free papers on Friday?
Honestly
You idiots are comical.
You are a very small and
(in reply to turd burglar)
You are a very small and pathetic creature.
TN approves $6 million grant for AMI
Power politics and public money
These things are common place as Industrial Development Boards and Chamber Partnerships/Commerce’s are the way the well-connected politically powerful business people have devised to take public money and give it to themselves and their chosen business associates as contracts for development, i.e. infrastructure (utilities), infrastructure contracts, free land, real estate commissions, engineering fees, construction services, architecture fees, attorney's fees, and the list goes on. It’s all about insider deals, business, and politics under the guise of job creation. Then, when the project starts, local or out of town, the IDB's select their preferred local contractors.
I find it interesting that there are currently 3 discussions going on at this site that are related: Midway, McIntyre, and AMI., all are about power, politics, and building something so the public revenue stream flows to private pockets.
In fact, Midway and McIntyre are very inner twined. McIntyre’s contract extension and payout provision is about 2 of the 3 new schools built or being budgeted, and Midway. The McIntyre commission vote, while symbolic, is retribution for his past behaviors regarding 2 of those new schools.