Posted August 2004
AAkron Rule Corp., a company that manufactures promotional products, has plans to expand its operation in Hamilton County.
The company will invest approximately $1.3 million in plant, machinery, equipment, and inventory to expand operations at its Bakewell Industrial Park location, according to AAkron Rule Corp. Vice President Devin Piscitelli. The expansion will create approximately 50 new jobs over the next five years including six to12 jobs in 2005, Piscitelli said.
“Hamilton County is an excellent geographic fit for our business model,” Piscitelli said. “Being located here makes it easy for us to ship our products all over the country on a daily basis.”
According to Hamilton County Mayor Claude Ramsey, county officials plan to support the company’s expansion efforts by applying on its behalf for a FastTrack Infrastructure Development Grant from the Tennessee Department of Economic and Community Development.
“Existing industries like AAkron Rule are the real engine behind job growth in our economy,” Ramsey said. “This company has been quietly contributing to our economy since it located here in 1992. We’re glad to have an opportunity to support its choice to grow here in Hamilton county.”
According to County Commissioner Fred Skillern, AAkron Rule’s success is based on solid business principles. “They found their niche and stuck with it,” Skillern said. “They’ve built a successful company on that solid foundation.”
According to Piscitelli, AAkron Rule Corp. currently owns 22 acres in the Bakewell Industrial Park and operates out of a 48,000 square foot building, which is used for both production and warehousing. The company plans to construct a separate warehouse facility, allowing it to expand its manufacturing and imprinting plant within the existing structure.
"Gov. Bredesen and his Administration recognize the value and importance of helping support and grow our existing industries, and it's always exciting to see existing industry in Tennessee expand and create new jobs," said Matt Kisber, commissioner of the Tennessee Department of Economic and Community Development. "The commitment that AAkron has made to Bakewell with this investment shows that the company has found a quality work force and positive business climate in which to do business. These new jobs will be a benefit to many Tennessee families."
According to Trevor Hamilton, chief economic development officer for the Chattanooga Area Chamber of Commerce, AAkron Rule’s expansion is another sign of positive movement in Hamilton County’s economy.
“I am enthusiastic about the number of expansion and recruitment projects the Chamber is currently working,” Hamilton said. “Our existing industries are the lifeblood of the local economy and AAkron Rule’s expansion is an example of how companies all over our area are helping us move toward our regional goal of creating 20,000 net new jobs by July 2007.”About the Chattanooga Area Chamber of Commerce
The Chattanooga Area Chamber of Commerce is the leading business and economic development organization for the Chattanooga region. For over 100 years, the Chattanooga Chamber has provided community engagement and opportunities for businesses, large and small, including networking, business promotion, business discounts, and public policy advocacy, as well as leadership development and training opportunities.
In addition, the Chattanooga Chamber is a one-stop-shop for site selectors and business decision-makers considering investments and job creation projects in the Chattanooga region. The Chattanooga Chamber is also responsible for marketing Enterprise South Industrial Park, a top-tier industrial park that offers significant strategic business advantages. In addition, the Chattanooga Chamber administers the Chattanooga Hamilton County Business Development Center, the largest business incubator in the U.S. in terms of the number of start up companies it houses, and the Center for Entrepreneurial Growth, an innovative effort to nurture technology-based start-up companies.
As the first stop for people interested in moving to the Chattanooga, the Chattanooga Chamber provides a range of relocation information including demographics, informational videos, connections to Chattanooga Area jobs, and frequently asked questions.