- Snap-on Incorporated to invest more than $40 million in its Elizabethton facility, create 50 new jobs
NASHVILLE, Tenn. – Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Stuart C. McWhorter and Snap-on officials announced today the company will invest $44 million to expand its manufacturing operations in Elizabethton, Tennessee.
Snap-on’s planned expansion of the Elizabethton facility will create 50 new jobs through the project: adding nearly 49,000 square feet of manufacturing space and new equipment to support additional capacity for forging, machining, heat treating, chrome plating and assembly at its State Line Road location.
Snap-on is the third largest employer in Carter County, specializing in manufacturing hand tools including ratchets, wrenches, pry bars and pullers. Once fully operational, the expansion allows the Snap-on Elizabethton plant to employ nearly 500 people in Northeast Tennessee.
Since 2020, TNECD has supported 35 economic development projects in the Northeast Tennessee region, resulting in approximately 3,200 job commitments and $981 million in capital investment.
QUOTES
“Well-known brands like Snap-on continue to choose to do business in the Volunteer State, and I am grateful to this company for their commitment to expand and create additional job opportunities for Tennesseans across Carter County.” – Gov. Bill Lee
“As Carter County’s third largest employer, Snap-on has become a vital part of the Elizabethton community. We are proud that Snap-on will expand its business in Tennessee, and we hope to continue partnering together to facilitate additional growth in this region.” – TNECD Commissioner Stuart C. McWhorter
“The Tennessee Economic and Community Development grant program supports the efforts of companies such as Snap-on, continuing to build on our presence as a U.S manufacturer and as an employer here in Elizabethton, in Carter County and in the state of Tennessee for 50 years. We value our hard-working associates in this facility as well as the community’s endorsement and on-going support.” – Jon Carley, Elizabethton plant manager, Snap-on
“For nearly half a century, Snap-on has provided high quality jobs right here in Elizabethton. As Snap-on has grown, their commitment to our community and its workforce has only deepened. We are grateful for Snap-on’s latest expansion project, which indicates their confidence in Elizabethton as an ideal place to do business. I look forward to seeing their continued growth over the next 50 years.” – Elizabethton Mayor Curt Alexander
“Snap-on has been an excellent employer and industry partner to Carter County for many years, and with the announcement of their expansion to their current facility, it is a testament to their dedication to Carter County. I would like to express my sincere gratitude to them for their support of many generations of employees in Carter County. I am grateful for Snap-on’s investment in the advancement of industry and education in our community through their support of our school systems, TCAT and other educational centers. I look forward to continuing our relationship.” – Carter County Mayor Patty Woodby
“TVA and Elizabethton Electric congratulate Snap-on on its decision to expand operations and create new job opportunities and investment in Carter County. It’s always an exciting day when we can celebrate a company’s commitment to continued growth in the region. We are proud to partner with the City of Elizabethton and the Tennessee Department of Economic and Community Development to support companies like Snap-on and look forward to its continued business success.” – John Bradley, TVA senior vice president of economic development
“The expansion of Snap-on is great news for Carter County. This significant investment of $44 million not only reflects the company’s confidence in the local business environment but also will contribute to economic development in the region. I look forward to the continued success of Snap-on in Elizabethton and congratulate the company for its growth.” – Sen. Rusty Crowe (R-Johnson City)
“I congratulate Snap-on for its existing success in Elizabethton. The company’s presence in our community has already boosted our local economy, and this expansion represents another significant investment. I thank the company for choosing to grow its operations here.” – Rep. John Holsclaw (R-Elizabethton)
About Snap-on Incorporated
Snap-on Incorporated is a leading global innovator, manufacturer, and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks including those working in vehicle repair, aerospace, the military, natural resources, and manufacturing. From its founding in 1920, Snap-on has been recognized as the mark of the serious and the outward sign of the pride and dignity working men and women take in their professions. Products and services are sold through the company’s network of widely recognized franchisee vans, as well as through direct and distributor channels, under a variety of notable brands. The company also provides financing programs to facilitate the sales of its products and to support its franchise business. Snap-on, an S&P 500 company, generated sales of $4.5 billion in 2022, and is headquartered in Kenosha, Wisconsin.
About the Tennessee Department of Economic and Community Development
The Tennessee Department of Economic and Community Development’s mission is to develop strategies that help make Tennessee the No. 1 location in the Southeast for high quality jobs. To grow and strengthen Tennessee, the department seeks to attract new corporate investment to the state and works with Tennessee companies to facilitate expansion and economic growth. Find us on the web: tnecd.com. Follow us on Twitter, Instagram and LinkedIn. Like us on Facebook. Subscribe to our YouTubechannel.
TNECD Media Contact
Lindsey Tipton
Public Information Officer
(615) 339-6608
[email protected]
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