Last month Advanced Munitions International (AMI) announced it will be investing $553 million in a new global headquarters in Alcoa, Tennessee. The new campus, which will include manufacturing, distribution, and R&D centers, is expected to bring 605 new jobs to eastern Tennessee.
“I want to thank AMI for their substantial investment in Tennessee and for the more than 600 jobs they will create in Blount County,” Governor Bill Haslam said in a press release. “This is an industry leader creating jobs that require a highly skilled workforce as we continue toward our goal of becoming the No. 1 location in the Southeast for high-quality jobs.”
AMI expects to break ground on the new 235-acre facility this spring and finish construction in late 2018. According to company leaders, the site in Alcoa’s Partnership Park was chosen due to strong business opportunities and its relative closeness to the Oak Ridge National Laboratory. The laboratory houses several supercomputers—including one reputed to be the world’s second most powerful—and will become a valuable resource for advanced materials testing.
“When we looked nationally for a site to build this facility, Tennessee stood out as a place with leaders that understand and support strong business growth,” said Jim Antich, AMI founder and executive chairman. “Having a resource like ORNL nearby also attracted us to Tennessee and Blount County. We are looking forward to a long relationship with Tennessee and to working with our new neighbors.”
Community leaders also welcomed AMI’s investment in the Alcoa area.
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