TN: JD Squared to Invest $6.5M to Expand, Add 50 in Washington County
22 Sep, 2014
Tennessee Economic and Community Development Commissioner Bill Hagerty along with JD Squared, Inc. officials announced the company will expand its current operations in Washington County. The family-owned business plans to invest $6.5 million in order to relocate to a larger facility to accommodate the growth of new products, and create 50 new jobs over the next five years in Johnson City, Tennessee.
“JD Squared is the perfect example of the kind of business that thrives here in Tennessee, as we work every day to assist incumbent businesses in their strategies for expansion and continued growth,” Hagerty said. “After moving their company to Washington County from Florida, JD Squared has flourished in our state, while creating demand for their unique and affordable products around the world. I welcome their drive for further growth and appreciate these new jobs they are creating in Johnson City.”
“We are very excited about moving into a larger facility that will accommodate our expanding product lines,” JD Squared Vice President Kim Hughes said. “We hope to be in the new facility by the summer of 2015. We will be moving our present employees to that facility as well as hiring for the new product lines expected later in 2015.”
JD Squared, Inc. manufactures tubing benders and notchers and is known around the world for selling high-quality equipment that provides hobbyists and businesses alike with affordable products that are normally out of reach.
“JD Squared’s expansion highlights our focus on economic development and confirms the importance of keeping job creation a priority,” Johnson City Mayor Ralph Van Brocklin said. “We are excited about the economic impact that these new jobs will have on our region.”
"TVA applauds JD Squared on its plans to expand operations and create new jobs in Johnson City," TVA Senior Vice President of Economic Development John Bradley said.
The company is looking at creating two new product lines that will require more room to build, along with hiring new employees, and anticipate being operational in their new space by the beginning/middle of 2015.
About the Tennessee Department of Economic and Community Development
Tennessee was named “2013 State of the Year” for economic development by Business Facilities magazine. The Tennessee Department of Economic and Community Development’s mission is to develop strategies which help make Tennessee the No. 1 location in the Southeast for high quality jobs. The department seeks to attract new corporate investment in Tennessee and works with Tennessee companies to facilitate expansion and economic growth. Find us on the web: www.tn.gov/ecd. Follow us on Twitter: @tnecd. Like us on Facebook: www.facebook.com/tnecd.