According to the Times Free Press, TAG Manufacturing, which makes attachments such as buckets for heavy construction equipment, will buy nearly 19 more acres at the industrial park and build a 200,000-square-foot facility and is plowing new ground for a $15 million expansion and adding 200 jobs.
TAG Manufacturing originally acquired 23.5 acres at Enterprise South industrial park in 2004.
“TAG’s expansion will help us keep up with production orders and new customers,” said Gary Wilt, who owns the business with brother Terry. “We’re excited to be creating family wage jobs for our fellow residents.”
TAG currently employs about 300 workers and it will boost its headcount to 500 over five years.
Company spokesman Mike Carter said the business has been growing and it needs to gear up to better compete and stockpile certain implements it produces.
“It either has to gear up and compete or shrink down for certain customers. You either change or die,” he said.
Wilt said earlier that a reason he took a gamble on Enterprise South and built a 100,000-square-foot plant in 2005 was similar to why VW decided to build in the former U.S. Army ammunition plant property — location.
“It was convenient,” he said.
TAG later added a like-size addition and now it’s nearly doubling the amount of property it owns at the industrial park to handle another facility.
The new land is across Discovery Drive from TAG’s existing plant and it’s buying the site from the city and Hamilton County for about $40,000 an acre, Carter said.
He said plans are to duplicate TAG’s business in the new facility. Work should start this summer.
“It’s driven by the market,” said Carter, a local attorney who also serves as a state representative in the Tennessee Legislature.
Chattanooga Mayor Andy Berke said that when a company expands, it’s not just offering more jobs and opportunities.
“Expanding companies are investing in the people of our community and illustrating that they believe in what we have here,” he said.
Charles Wood, the Chattanooga Area Chamber of Commerce’s vice president of economic development, said competition among communities for jobs is fierce and the business group is “honored that long-standing manufacturers like TAG continue to choose Chattanooga.”
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