Grant & Loan Awards: Hart County
Hart County
EDGE Fund: $1,400,000
Awarded: 06/30/2010
Applicant: Hart County Industrial Building Authority
Description:
EDGE grant funds of $1,400,000 are awarded to assist with the purchase of machinery and equipment to support the expansion of Tenneco Automotive Operating Company, Inc. (Tenneco), a leading manufacturer of emission control and ride control products and systems for the passenger car and light truck markets. Tenneco’s ride control manufacturing facility has been in Hartwell since the 1960’s. This facility produces shock absorbers and currently employs 220 people. As a result of the economy and the state of the automotive industry, Tenneco is restructuring operations which include the closure of a manufacturing plant in Cozad, Nebraska. Those manufacturing processes will be transferred to the Hartwell plant. The Company will improve its existing facility where there is sufficient space for expansion in addition to purchasing machinery and equipment. Tenneco, a Fortune 500 company, operates 84 manufacturing facilities worldwide and employs approximately 21,000 people.
Total Budgeted Project Cost: $10,470,000