- Company will create 375 new jobs in Huntingdon.
- Company is a manufacturer of power equipment drive systems.
HUNTINGDON, Tenn. – Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and Hydro-Gear officials announced today that the power equipment drive systems manufacturer will locate a new operation in Carroll County.
Hydro-Gear selected Huntingdon for its fourth U.S. location, where it will invest $10 million and create 375 new jobs. The company also has a corporate office in Williamson County.
Hydro-Gear was founded 30 years ago in Sullivan, Illinois as a joint venture with the initial focus of producing transmissions for outdoor power equipment manufacturers. Today, the company designs and manufactures precision drives including hydrostatic transmissions, transaxles, gear reduction drives, displacement pumps, wheel motors and electric drive systems for various markets.
Over the last five years, TNECD has supported nearly 10 economic development projects in Carroll County, resulting in approximately 850 job commitments and roughly $500 million in capital investment.
QUOTES
“Hydro-Gear’s decision to create hundreds of jobs in Huntingdon will have a profound impact on Northwest Tennessee. We’re committed to supporting job growth in rural Tennessee, and this investment will spark tremendous economic activity in Carroll County and the region.” – Gov. Bill Lee
“Supporting projects in our at-risk and distressed counties is a priority for TNECD, and a new company establishing operations in Carroll County will provide long term economic growth and opportunities for this community. These 375 new jobs will place Hydro-Gear as one of the top three employers in Carroll County, and we are thankful to everyone who played a role in bringing this successful company to Tennessee.” – TNECD Commissioner Bob Rolfe
“Hydro-Gear has a 30-year history of providing the safest and most reliable drive systems to our customers. We are excited to announce this expansion of our business to Tennessee. It is a testament to our outstanding team who are willing to take bold steps to better serve our customers. We are looking forward to providing new opportunities for the Huntingdon area and working together to realize full potential. Our vision is to create long term success for our customers, people, suppliers and the community.” – Ray Hauser, president and CEO of Hydro-Gear
“In 2004, we looked to the future and decided to take a considerable risk and build an 84,000–square-foot spec building. Today we acknowledge that the risk we took has paid off and that landing a company like Hydro-Gear with 375 new jobs has made the wait worthwhile. Thank you to the Carroll County Government, Mayor Joseph Butler, Chamber of Commerce President Brad Hurley and TDOT for their efforts.” – Huntingdon Mayor Dale Kelley
“TVA and Carroll County Electric Department congratulate Hydro-Gear on its decision to locate operations and create hundreds of new jobs in Huntingdon. Helping to foster job opportunities and investment in the communities we serve is fundamental to TVA’s mission of service. We are proud to partner with Carroll County Chamber of Commerce, Carroll County Industrial Development Board, Carroll County, City of Huntingdon and Tennessee Department of Economic and Community Development to further that mission and celebrate this announcement.” – John Bradley, TVA senior vice president of Economic Development
“This manufacturing facility will be a great addition to Huntingdon, and I am glad it is locating in Carroll County. We have a tremendous workforce that will help Hydro-Gear grow and thrive. I am glad to welcome this company to Carroll County and I appreciate all the work of Governor Lee, Commissioner Rolfe and our local officials. I look forward to continuing to partner with them to bring new opportunities into our community.” – Sen. John Stevens (R-Huntingdon)
“We are grateful Hydro-Gear has chosen to build their new manufacturing facility in Carroll County. This investment in our workforce and in our community further demonstrates the company’s dedication to people and commitment to excellence. I appreciate the partnership of state and local leaders to create these new jobs and wholeheartedly welcome Hydro-Gear to Tennessee.” – Rep. Curtis Halford (R-Dyer)
TNECD Media Contact
Molly Hair
Public Information Officer
(615) 878-0063
[email protected]
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 and Instagram: @tnecd. Like us on Facebook: facebook.com/tnecd.
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