$6.75M in incentives approved for Under Armour

$6.75M in incentives approved for Under Armour (Image 1)

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

The Tennessean 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.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Previous Story:

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s