KINGSPORT, Tenn. (AP) - The U.S. Commerce Department’s Economic Development Administration has awarded $1.5 million to Kingsport for development around Eastman Chemical Co.
The Kingsport Times-News (https://tnne.ws/VObI2e ) reports the grant will go toward infrastructure improvements that will provide a consistent, reliable water source to businesses. It will also support Eastman’s recently announced $1.6 billion effort to expand and improve its corporate campus.
Eastman is a major employer in the Kingsport area. It produces a broad range of products for manufacturing and business use.
The EDA says the grant will create an estimated 120 jobs in the area and generate $640 million in private investment.
Officials announced the grant on Monday.
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Information from: Kingsport Times-News, https://www.timesnews.net
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