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VOL. 38 | NO. 40 | Friday, October 3, 2014

$6.75M in incentives approved for Under Armour

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NASHVILLE (AP) - Tennessee officials have approved a $6.75 million incentive for Under Armour's planned distribution facility in Mt. Juliet.

The Tennessean (http://tnne.ws/1sh5d5W) reports the Tennessee State Funding Board on Wednesday approved a FastTrack Economic Development Program grant. The Tennessee Department of Economic and Community Development recommended the incentive.

The sports apparel maker announced last week it plans to build a new $100 million distribution center projected to create 1,500 new jobs in the next five years.

The money approved Wednesday is for equipment relocation, construction and related improvements and will go through the city of Mt. Juliet.

The facility is expected to open in early 2016. The average hourly wage will be $13.65, which Economic and Community Development Assistant Commissioner Allen Borden told the funding board is high for distribution jobs.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0