DRA Invests $300,000 in Martin to Build Infrastructure to Help Create 200 New JobsAugust 29, 2018
MARTIN, Tn. – The Delta Regional Authority (DRA) today announced it will invest $300,000 in infrastructure improvements that will create about 200 news jobs at an international manufacturing business in Martin. The South Korean-based manufacturer plans to build a 100,000-square-foot facility that will support the automotive and residential appliance industries.
“DRA is committed to investing in infrastructure that supports economic development and grows jobs in the Delta region,” said DRA Chairman Chris Caldwell. “This investment in Tennessee will provide a stable and long-term supply of water, natural gas and wastewater services for this new industry.”
DRA’s investment is through its States’ Economic Development Assistance Program (SEDAP) and is part of a total public-private investment that is projected to reach $13 million. The facility will be located off Industrial Drive in Martin, and is expected to attract workers across a nine-county region in West Tennessee.
“It is great news that DRA will be investing $300,000 in Martin for infrastructure improvements to help secure approximately 200 jobs for the community,” Tennessee Department of Economic and Community Development Commissioner Bob Rolfe said. “It’s because of partners like DRA that Tennessee continues to be a leader in the creation of high-quality jobs. I want to thank DRA for its investment in Martin, for its continued support of economic development and for being a great partner to our state.”
The South Korean manufacturing company will supply rubber and plastic components to major automotive companies such as Hyundai/Kia, Nissan and General Motors. The facility also will support home appliance manufacturers such as LG Electronics and Samsung Electronics.
Tennessee’s congressional delegation issued the following statements:
“The Delta Regional Authority’s announcement today is good news for West Tennessee’s workers” said U.S. Sen. Lamar Alexander, R-TN. “This $300,000 grant will help create more good paying jobs and support Tennessee’s auto and appliance manufacturing industries. I congratulate Governor Haslam on today’s news, which will help many West Tennesseans.”
“For nearly 18 years, Delta Regional Authority and its partners have played a role in providing job opportunities for hardworking West Tennesseans,” said U.S. Sen. Bob Corker, R-TN. “I applaud DRA and Governor Haslam for their commitment to strengthening our state’s infrastructure and am pleased this investment will advance Martin’s economy.”
“This is exciting news for the city of Martin and Weakley County,” said U.S. Rep. David Kustoff (TN-08). “These investments are critical to bringing more jobs to West Tennessee and sustaining our growing economy, and I thank the Delta Regional Authority for their support.”
About the Delta Regional Authority
The Delta Regional Authority is a federal-state partnership created by Congress in 2000 to help create jobs, build communities, and improve lives through strategic investments in economic development in 252 counties and parishes across eight states. DRA has invested more than $185 million into more than 1,100 projects. Overall, DRA investments have helped create and retain more than 55,000 jobs, train nearly 45,000 workers to advance in the 21st Century, and deliver sewer and water improvements to more than 238,000 residents and businesses. Learn more at dra.gov.
Contact: Andrew Moreau