Aeronautics Economic Development Fund
The development strategy for this fund is to impact job creation and investment opportunities in Tennessee’s aviation industry. Our aviation facilities are critical to the economic development of communities across the state. This is a reimbursement grant initiative with a combined total of $15,000,000 available for award in fiscal year 2018.
Tennessee’s aerospace sector has a rich combination of research assets, capital investment opportunities, advanced manufacturing expertise, accessibility to educational resources, and workforce capacity. This environment provides an excellent opportunity for new or expanding aerospace programs and activities.
Congratulations to the recipients of our FY 2018 Aeronautics Economic Development Fund.
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Applicant Name
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Project Summary
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Maximum Award
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County
Location
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Austin Peay State University
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Assist with the development of an aviation education program at Austin Peay State University in Clarksville, TN.
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$175,000.00
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Montgomery
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Chattanooga Metropolitan Airport Authority
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Develop a build-ready site for the expansion and development of a Maintenance Repair and Overhaul (MRO) Facility at Lovell Field in Chattanooga, TN.
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$3,856,049.00
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Hamilton
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Millington-Memphis Airport Authority
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Renovate a 36,000 SF Barrel Hangar and the building's 44,000 SF east wing at Millington-Memphis Airport in Millington, TN.
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$2,366,000.00
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Shelby
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Smyrna/Rutherford County Airport Authority
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Construct a maintenance hangar on the east side of Smyrna Airport in Smyrna, TN for the expansion of a growing charter company.
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$1,900,000.00
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Rutherford
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Sumner County Regional Airport Authority
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Expand the apron at Sumner County Regional Airport in Gallatin, TN for a future avionics and MRO facility.
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$2,592,000.00
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Sumner
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Tri-Cities Airport Authority
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Develop a 140-acre build-ready site for a future MRO facility or other aerospace industry at Tri-Cities Airport in Blountville, TN.
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$4,100,000.00
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Sullivan
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