The State Funding Board has approved $20 million in economic development funding for seven companies, reports the Tennessean.
The board, made up of Tennessee’s top financial officers, agreed Wednesday to a pair of $3.5 million FastTrack infrastructure grants for Amazon’s new distribution facilities in Rutherford and Wilson counties. The money will be used to build water, sewage and drainage improvements at the two sites. Amazon says it will spend a total of $145 million on construction of the two facilities, which will employ more than 1,400 people.
The board also signed off on a $1.8 million FastTrack job training grant for Carlex Glass America’s $96.5 million expansion of its Nashville plant, which the company says will allow it to create 45 new jobs and retain 400 current jobs, and a $1.56 million FastTrack job training grant for General Motors’ $450 million expansion of powertrain production line in Spring Hill, which GM says will add 390 jobs.