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Old 11-23-2018, 08:12 AM
 
13,365 posts, read 40,042,448 times
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The Cookeville Industrial Development Board is meeting on the 30th to discuss a mysterious "Project Sim." Any idea what this is?
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Old 11-30-2018, 08:52 AM
 
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Industrial Board Signs Pilot Agreement For $150M Project
Posted by: Logan Weaver Friday, November 30, 2018

The Cookeville Industrial Board signed a pilot agreement for a $150 million capital investment project in Putnam County Friday.

Board Chairman Robert Bell says many details remain confidential regarding what is being referred to as ‘Project Sim’.

“I’m not going to comment too much on the company or their investments, but this will have a major economic impact on our region,” Bell says.

The project will reportedly bring a foreign company to the United States for the first time, making the Putnam County location the company’s U.S. corporate headquarters. ‘Project Sim’ is expected to create approximately 200 jobs.

Bell stated during the meeting that both the company and Governor Bill Haslam request details not be released until an official announcement is made.

Read more here:
https://newstalk941.com/industrial-b...-150m-project/

Last edited by JMT; 11-30-2018 at 08:56 AM.. Reason: Sorry, we can't post entire articles here.
 
Old 11-30-2018, 08:58 AM
 
13,365 posts, read 40,042,448 times
Reputation: 10819
Quote:
Originally Posted by scorpsman View Post
Industrial Board Signs Pilot Agreement For $150M Project
Posted by: Logan Weaver Friday, November 30, 2018

The Cookeville Industrial Board signed a pilot agreement for a $150 million capital investment project in Putnam County Friday.

Board Chairman Robert Bell says many details remain confidential regarding what is being referred to as ‘Project Sim’.

“I’m not going to comment too much on the company or their investments, but this will have a major economic impact on our region,” Bell says.

The project will reportedly bring a foreign company to the United States for the first time, making the Putnam County location the company’s U.S. corporate headquarters. ‘Project Sim’ is expected to create approximately 200 jobs.

Bell stated during the meeting that both the company and Governor Bill Haslam request details not be released until an official announcement is made.

Read more here:
https://newstalk941.com/industrial-b...-150m-project/
Thank you for posting this. I wonder what the timeline is and when we'll find out more details. Very exciting possibilities!
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IMPORTANT READING:
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its - possession
it's - contraction of it is
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you're - contraction of you are
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they're - contraction of they are
there - referring to a place
loose - opposite of tight
lose - opposite of win
who's - contraction of who is
whose - possession
alot - NOT A WORD
 
Old 11-30-2018, 10:38 AM
 
162 posts, read 179,650 times
Reputation: 274
Another article from today's paper with some different details.

Incentives approved for secret project
Posted Friday, November 30, 2018
BY BEN WHEELER
Secret Project Sim is moving forward after Industrial Development Board (IDB) officials approved a resolution for tax incentives Friday.

The resolution detailed the IDB's plan for a payment in lieu of taxes (PILOT) incentives for Project Sim.

The PILOT offer will have 10 years of taxes abated and five years at 50 percent, personal property will be abated for five years and starting in the sixth year, the company would pay 50 percent. Moving into the seventh year, the company would pay 60 percent and continue in those increments.

The project has reportedly been around for some time in different forms, and the company has been looking at the Upper Cumberland area for a location.

According to officials, Project Sim would bring a foreign company to the United States for its first manufacturing operation, and is reportedly the largest of its "market segment in (its) home country."

Officials did say that there are complementary companies in the area. The projected capital investment would be $150 million and create 200 jobs.

Read more here:
http://herald-citizen.com/stories/in...project,31807?

Last edited by JMT; 11-30-2018 at 10:58 AM.. Reason: Copying entire articles is not allowed.
 
Old 12-02-2018, 05:00 PM
 
13,365 posts, read 40,042,448 times
Reputation: 10819
County mayor Randy Porter said there will be a big economic announcement in Cookeville tomorrow morning at 9. I wonder if it's related to Project Sim.
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IMPORTANT READING:
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---
its - possession
it's - contraction of it is
your - possession
you're - contraction of you are
their - possession
they're - contraction of they are
there - referring to a place
loose - opposite of tight
lose - opposite of win
who's - contraction of who is
whose - possession
alot - NOT A WORD
 
Old 12-03-2018, 10:06 AM
 
13,365 posts, read 40,042,448 times
Reputation: 10819
Now that we know what this is, a new thread has been created here:

https://www.city-data.com/forum/cooke...-220-jobs.html
__________________


IMPORTANT READING:
Terms of Service

---
its - possession
it's - contraction of it is
your - possession
you're - contraction of you are
their - possession
they're - contraction of they are
there - referring to a place
loose - opposite of tight
lose - opposite of win
who's - contraction of who is
whose - possession
alot - NOT A WORD
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