IDB Acquires 833 Acres In Expanded Portion Of Corporate Business Park

Published Monday, May 4, 2015
by Robin Burton

The Industrial Development Board voted in September 2014 to accept nearly 833 acres that have been part of the Hemlock Semiconductor, L.L.C. property to use for recruiting future projects. 
 
Perhaps the best news of all for local taxpayers is, in addition to the potential for more major job creation presented by the land donation, this new industrial land inventory comes at no cost to the IDB.
 
After Hankook Tire recently consumed 469 acres in the southern expansion area of the Corporate Business Park, near Exit 8, the IDB was left with just over 300 available acres to show industrial prospects – not nearly enough acreage to land another major employer, whoever it might be.
 
HSC had a total of 2,200 acres assembled for its site, and of that amount 1,215 acres made up the original industrial mega-site. The difference between the 2,200 and the 1,215 acres was acreage that HSC, themselves, had acquired as a buffer to prevent non-industrial, undesirable development from encroaching on their property. Until now, they have protected their area around the plant as they needed to protect it, but they currently see industrial development around their plant as an enhancement, not an encroachment.
 
With the agreement, the IDB has acquired substantial land that also boasts access to a R.J. Corman railroad spur line, as well as a full complement of other infrastructure already in place that will make the site a major enticement for big business. That includes water – along with a 2 million-gallon water tower owned by the city of Clarksville – sewer, and natural gas, including a redundant gas line extending to the site from Kentucky.
 
The IDB is gaining direct access to U.S. Highway 79 (Guthrie Highway) on the northeastern side of the tract.

News

Friday, January 11, 2019

The Clarksville-Montgomery County, Tenn. Economic Development Council (EDC) Executive Committee is pleased to announce they have received commitment from Jeff M. Truitt, 46, of Clarksville, to fill the position of Chief Executive Officer.

Tuesday, February 28, 2017

Tennessee Gov. Bill Haslam, the Department of Economic and Community Development and LG Electronics Inc. officials today announced the company will build a new home appliance manufacturing facility in Clarksville. The global manufacturer, with headquarters in South Korea, is a leader in appliances, electronics and mobile devices. LG will invest $250 million in the facility, creating at least 600 new jobs in Montgomery County. 

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