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Jonesborough company still 'reeling' from massive fire | News

Local government leaders say they are working closely with state economic development officials in Nashville to bring assistance to a rubber manufacturing company and its 100 employees after a massive fire that destroyed its Jonesborough plant last week.
Washington County Mayor Joe Grandy said he and other local and state officials have been in contact with the corporate finance officer of HEXPOL Jonesborough in the days after a âtragic fire that resulted in the loss of the complex.â
He said the state has âstepped up with a rapid response teamâ to assess the employee claims situation, and officials have been in communication with the companyâs human resource division. ....

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Industrial board approves PILOT agreement for company expansion

An automotive components manufacturing company is asking for another payment-in-lieu-of-taxes agreement to expand its existing plant in Washington County.
The Washington County Industrial Development Board voted Tuesday to send a five-year PILOT deal to the County Commission calling for the company, which the Press has identified as Koyo/JTEKT located in the Washington County Industrial Park, to enter into an equipment lease with the county.
The deal also stipulates the county will provide it with a 75% property âtax abatement over a graduated schedule of three years running from the time of each capital expenditure.â
In return, the company will make a capital investment of $12.3 million in Washington County to expand its product line, and to add 25 jobs to its current payroll of 159 full-time employees at the Telford plant. ....

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