In one of the largest business expansions in recent firearm industry history, Advanced Munitions International (AMI) has announced it will invest nearly $554 million to build a global headquarters and state-of-the-art munitions manufacturing, distribution, and research and development facility in Alcoa, Tenn. The facility is expected to create more than 600 new jobs.
The announcement was made by Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd; Jim Antich, founder and executive chairman of AMI; and Mark Kresser, AMI President & CEO.
“I want to thank AMI for their substantial investment in Tennessee and for the more than 600 jobs they will create in Blount County,” Haslam said. “This is an industry leader creating jobs that require a highly skilled workforce, as we continue toward our goal of becoming the No. 1 location in the Southeast for high-quality jobs.”
“When we looked nationally for a site to build this facility, Tennessee stood out as a place with leaders that understand and support strong business growth,” said Antich.
Kresser added that Tennessee has become a leading center of high-tech manufacturing in the country and AMI brings opportunities to a workforce that wants to excel. "AMI is investing significant financial resources that will add to the economy in the area while offering quality jobs and stability for families,” he said.
“The East Tennessee region has terrific resources for companies that need access to institutions with R&D to commercialize and employees with high-tech skills,” Boyd said. “Tennessee has a long history of manufacturing excellence that fits perfectly with AMI’s needs. I want to thank AMI for choosing Tennessee and for the jobs they will create.”