ALCOA, Tenn. — Joined by Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd, Jim Antich, founder and executive chairman of Advanced Munitions International LLC (AMI), and Mark Kresser, President & CEO of AMI, announced that AMI is investing $553.6 million to build a global headquarters and state-of-the-art munitions manufacturing facility in Alcoa, Tennessee. The single largest business expansion in the firearms industry in recent history, the new facility is expected to create over 600 new jobs.
“I want to thank AMI for their substantial investment in Tennessee and for the more than 600 jobs they will create in Blount County,” Haslam said. “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.”
Advanced Munitions International LLC, formally known as Advanced Tactical Armament Concepts (ATAC), which will manufacture products for the following brands BlackOps®, Emcon® and HPR® Ammunition, expects to break ground this spring on the 300,000-square foot facility to be located on a 235-acre site in Alcoa’s Partnership Park. AMI plans to open in the fourth quarter of 2018 with company executives citing the proximity and resources of the Oak Ridge National Laboratory as a deciding factor in choosing Tennessee as home for their manufacturing, distribution and R&D operations.
“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 Antich. “Having a resource like Oak Ridge National Laboratory 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.”
Kresser added, “Tennessee has become a leading center of high-tech manufacturing in the country and AMI brings opportunities to a workforce that wants to excel. AMI is investing significant financial resources that will add to the economy in the area while offering quality jobs and stability for families.”
AMI’s Alcoa plant will hire primarily chemists and engineers with backgrounds in metallurgy, engineering, physics and energetics technology.
“The East Tennessee region has terrific resources for companies that need access to institutions with R&D to commercialize and employees with high-tech skills,” Boyd said. “Tennessee has a long history of manufacturing excellence that fits perfectly with AMI’s needs. I want to thank AMI for choosing Tennessee and for the jobs they will create.”
AMI’s announcement brings the jobs and capital investment total for this year to 1,720 and $982 million, respectively. Going back five years, Blount County has seen nearly 4,000 jobs and over $1.4 billion in capital investment come into the community, making it one of the most successful areas of development in the country.
The veteran-owned Advanced Munitions International LLC (AMI) is the industry’s leading innovator in center-fire ammunition for military, law enforcement and civilian use and manufactures the HPR®, Black Ops® and EMCON® brands of custom grade, premium ammunition that are designed to provide a superior shooting experience.
About the Tennessee Department of Economic and Community Development
Tennessee was named 2014 and 2013 “State of the Year” for economic development by Business Facilities magazine. The Tennessee Department of Economic and Community Development’s mission is to develop strategies which help make Tennessee the No. 1 location in the Southeast for high quality jobs. The department seeks to attract new corporate investment in Tennessee and works with Tennessee companies to facilitate expansion and economic growth. Find us on the web: tnecd.com. Follow us on Twitter: @tnecd. Like us on Facebook: facebook.com/tnecd.
About Blount Partnership
The Blount Partnership is the key economic development agency for Blount County. It represents three advancement entities for the community: Blount Chamber of Commerce, Economic Development Board of Blount County and the Smoky Mountain Tourism Development Authority. The organization provides opportunities for small businesses, corporate locations, manufacturing, technology commercialization, leisure travel and corporate retreats. The goal is to ensure the community continues to enjoy a robust economy and opportunities to live an unrivaled quality of life. The Blount Partnership is used by the state of Tennessee as a benchmark for combining community resources and programming to support a shared economic development goal. For more information, contact the Blount Partnership at 201 S. Washington St., Maryville, TN 37804 or call 865.983.2241 or www.BlountPartnership.com