A new distribution and manufacturing facility in Franklin plans to add 40 new jobs over the next few years. MultiTech Industries creates springs, wire forms, machined components, and other parts for automotive manufacturers.
MultiTech will occupy a 32,000-square-foot spec building in the Sanders Interstate Industrial Park in Simpson County.
The company will initially employ ten workers, and says it wants to add up to 40 positions over time.
Tennessee is, for a fourth consecutive year, ranked No. 1 in automotive manufacturing strength in the nation.
Economic development publication Business Facilities has released its annual ranking, showing Tennessee the top state.
Economic and Community Development Commissioner Bill Hagerty called the ranking "an impressive distinction" and said expansions and relocations by automotive manufacturers like General Motors, Nissan, and Volkswagen, and Magneti Marelli further solidify the state's position globally.
With the auto plants and those of their suppliers, there are more than 900 automotive plants in the state. In fiscal 2012-2013, 44 automotive projects created 6,662 new jobs in Tennessee and investments totaled close to $1.1 billion.
Kentucky manufacturers will benefit from a new partnership between universities, professionals, and state and federal partners.
The Advantage Kentucky Alliance was announced Friday at WKU's Center for Research and Development.
The aim is to move Kentucky from traditional manufacturing to advanced manufacturing. WKU President Gary Ransdell said it's important for universities to be involved in the economies they help create and sustain.
"Universities first and foremost have to be about economic development. The time has long since passed when our primary mission was to just educate students,"said Dr. Ransdell. "As I've said for many years, educating students is a means to a much more important end and that more important end is driving Kentucky's economy and improving the quality of like for people within the reach of our universities."
The Kentucky Association of Manufacturers and local chambers of commerce will help connect manufacturers to alliance members who can address their needs, such as finding new revenue streams, developing new products and services, and learning new processes to become more efficient.
A southern Tennessee county is poised to gain up to 800 new jobs when a subsidiary of Fiat expands its auto supply plant. The nearly $54 million expansion of the Magneti Marelli plant in Giles County will provide a major boost to manufacturing jobs throughout the region.
The factory floor of Trace Die Cast in Bowling Green is loud—so loud, workers and visitors wear ear plugs anytime they’re on the premises. This is the sort of place that provides the blue collar manufacturing jobs that we keep hearing are in such short supply these days.