Initial projections equal 1,100 jobs for the UC
COOKEVILLE – Legislative bodies in Putnam County will consider approving incentives next week for a new industrial prospect looking to locate in the long awaited Highlands Business Park.
The Putnam County Commission will hold a special called meeting at 6 p.m. Monday, Aug. 4, at the courthouse to consider incentives for the prospect, known only as “Uno.”
A resolution to that effect, according to a legal notice published for the meeting, would give County Executive Kim Blaylock the ability to advance up to $1.25 million in incentives and enter into an agreement to transfer the one-half undivided interest of Putnam County in approximately 36 acres located in the north-western section of the Highlands Business Park in order to attract the prospect. Project Uno brings a projected employment of 1,100 and a projected capital investment of $50 million, the notice says. No other information was released.
It’s likely the Cookeville city council will also consider similar action when meeting Thursday, Aug. 7. The Highlands Business Park, which is located south of Cookeville and within view of Interstate 40, is a joint venture between the city and county.
News of Uno follows another recent prospect announcement. Project Victor could bring 700 jobs by Dec. 31, 2020, and an initial investment of $100 million, if plans are finalized to construct a distribution facility outside the business park in Cookeville at Mine Lick Creek Road and Old Stewart Road. A memorandum of understanding (MOU) has already been approved between Victor, the Cookeville city council and its industrial development board.