Tennessee’s State Funding Board is scheduled to approve $22.7 million in FastTrack economic incentive grants at its Monday meeting.
The grants include $10.5 million to Life Technologies Corporation’s Thermo Fisher Scientific for its technology assembly facility in Lebanon, which the company has invested more than $100 million in and is expected to employ 1,400 people.
The Smith & Wesson Company is set to receive a $9 million FastTrack grant as it prepares to move its operations and corporate office to Maryville in Blount County.
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