Knoxville/ Retail & Industry
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Published on April 23, 2024
Knoxville Gears Up for Economic Lift with Greenheck Group's $300M Campus and 440 High-Paying JobsSource: Greenheck Group

Big bucks and hundreds of jobs are blowing into Knoxville, as Wisconsin's Greenheck Group dials up a massive $300 million investment for a new corporate campus. The HVAC giant plans to erect the campus, expecting to dish out an average annual salary of over $75,000 for 440 new positions by 2029.

The move is no small feat for Knox County, being one of its heftiest economic boosts, taking into account land and capital stakes, as per Doug Lawyer, the Knoxville Chamber’s VP of economic development, who disclosed to WATE, and with the creation of these jobs, an influx of 520 indirect employment opportunities is on the radar, making the region's prospects even brighter Governor Bill Lee praised the Greenheck Group for embracing Tennessee's pro-business landscape and contributing to the region's robust skilled workforce pool, in comments relayed by WVLT.

For Greenheck, it's not just about expanding their footprint, but also entrenching their presence as a community player, a sentiment echoed by Knox County Mayor Glenn Jacobs who's all fired up over the economic and social prosperity prospects the move heralds.

Project Emerald, as it's dubbed, will not only feature manufacturing and warehousing facilities but the campus will also house a main office and dedicated spaces earmarked for training and R&D, a sign of Greenheck's long-term vision at the Midway Business Park, and even with the company's rapid expansion—they outgrew their 112-acre Tulsa campus within six years—the 336-acre business park in Knox is poised to offer ample room for growth, according to CEO Rich Totzke, in his take shared by Knox News.

The project's preliminary phase will see four manufacturing facilities and three professional buildings come to life, and while Greenheck sneaks a property tax rate freeze for roughly a decade, this shiny new development could potentially be Knox County's golden goose for long years ahead.