Genera has announced a $350 million investment in Tennessee, generating over 230 new jobs over the next five years.
The biotech firm would expand its Sustainable Biomaterials Campus in Monroe County.
Tennessee Governor Bill Lee and Department of Economic and Community Development Commissioner Stuart C. McWhorter support the expansion.
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CEO Ben Mascarello said: “Tennessee continues to be an ideal location for Genera to lead the transition to a biobased economy.
“We’ve developed great long-term partnerships with local landowners, and we’ve built an extremely talented team.
“Robust financial commitments from our ownership group are enabling us to rapidly scale our manufacturing to meet the needs of our growing customer base.”
The job creation will bring the company’s total workforce in Tennessee to around 350.
The project will see the existing facility boosted, adding 150,000 square feet and incorporating cutting-edge equipment.
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It will also include 60 robotically controlled thermoforming machines, a fleet of autonomously guided vehicles, and automated packaging lines.
Genera’s expansion marks a significant step in its contribution to environmental consciousness and the local economy.
Tennessee Governor Bill Lee said: “With a strong business climate, highly skilled workforce and sound infrastructure system statewide, Tennessee is poised to support new and existing business growth.
“I thank Genera for creating hundreds of new jobs for families across rural East Tennessee and look forward to the positive impact this project will have on the Monroe County community.”
