New Clarksville company could bring 203 jobs, fast food coming to Exit 8
Jimmy Settle, USA TODAY NETWORK – TennesseePublished 10:06 a.m. CT Jan. 10, 2018 |Updated 10:32 a.m. CT Jan. 10, 2018
Another new industry could be in Clarksville-Montgomery County's future, representing a roughly $76 million investment and 203 jobs in a first phase.
Mike Evans, executive director of the local Industrial Development Board, said in an IDB meeting early Wednesday that the undisclosed, "automotive sector" industry is searching for a community to locate in, and has pegged a 40-acre, pad-ready site in the Clarksville-Montgomery County Corporate Business Park South for further consideration.
The IDB is now working through a payment-in-lieu of taxes (PILOT) agreement with the company — for now, code-named "Project Charge." Such an agreement would reduce its county property tax liability as an incentive to locate at the site just outside of the Clarksville city limits in the industrial park.
Officials likely won't reveal the company name until a deal is reached, assuming that happens.
"We (Clarksville-Montgomery County) are the preferred site of the company," Evans told the IDB. He said a meeting with some of the company's representatives next week could result in an agreement on a memorandum of understanding, which might essentially seal the deal.
Under the current timetable, Evans said, a formal announcement of the company's decision to locate here could come later this month, or in February.
If such a deal is reached, Evans said the company would generate over $2 million in taxes for the county over 10 years, after factoring in its reduced tax liability.
Word of another possible industry to add to the local business landscape comes as $800 million Hankook Tire ramps up hiring and production at the industrial park.
Also, construction on the $250 million LG Electronics phase 1 plant is now under way, and the community is still promised a $600 million Google data center at some point, though specifics of that project still remain vague.
Burger King in the park
The industrial park's new Burger King fast food restaurant is taking shape near the southern entrance off Rossview Road not far from Interstate 24 Exit 8.
It's the first retail business for property near the Rossview Road and International Boulevard entrance to the Corporate Business Park since a stretch of property along Rossview was rezoned months back for office and retail uses.
The idea, Evans and other local officials say, is partly to make limited retail more convenient to workers in the industrial park, including its closest neighbors — Hankook and the Agero call center.
Kevin Newell of Clarksville, regional Burger King franchisee, has said construction is hoped to be finished sometime in the first quarter of this year.
Newell, who also has a new Burger King coming to nearby Pleasant View, additionally has locations in Ashland City, Murfreesboro and Smyrna in Tennessee, and Oak Grove, Hopkinsville and Mayfield in Kentucky.
Newell said Clarksville's seventh Burger King will look similar to his most recent location built here at the intersection of Wilma Rudolph Boulevard and Trenton Road.
Reach Business Editor Jimmy Settle at 931-245-0247 and on Twitter @settle_leaf.
Author:Megan Rivera Phone: 931-494-4347 Dated: January 11th 2018 Views: 192 About Megan: ...
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