Mt. Juliet has snagged a new distribution center expected to create 15-hundred jobs in the next five years.
Athletic apparel maker Under Armour plans to invest 100-million dollars in the facility to start. Officials at today’s groundbreaking and announcement were quick to point out that the site includes room for future expansion.
Under Armour will build in Beckwith Farms, an industrial park that already has several large tenants, including distribution hubs for Dell Computers and a medical manufacturer. But this project’s size took developer Whitfield Hamilton by surprise.
“We had secured another 208 acres that we thought was gonna be this 4 or 5 year wonderful expansion that we’d keep building on. Good news, bad news problems, we just used it up in one deal.”
The incentive package offered to Under Armour wasn’t detailed, but the state’s top development official hinted that it took an aggressive strategy to secure the deal. Bill Hagerty says the Mt. Juliet site had higher start up costs than other locations the company was considering.
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