Carpenter Avionics has acquired the avionics business of Smyrna Air Center, a fixed base operator at Smyrna Rutherford County Airport. Carpenter President Mark Lee says his company has leased space inside Smyrna Air Center's facility so it has locations on the east and west sides of the airport. Lee bought the company last fall.
The Rutherford County Industrial Development Board approved Monday $18 million in tax incentives for an unnamed company bringing 1,000 jobs to Smyrna.
The Daily News Journal reports that the manufacturing company will invest $100 million and create 1,000 jobs with an average wage of $38,000.
The incentive plan cuts property taxes for the company over a 20-year period and is expected to additionally create 1,672 indirect jobs.
A Vanderbilt MBA graduate now residing in Florida has acquired Smyrna-based airplane systems company Carpenter Avionics. Mark Lee launched Momentum Aviation Holdings with the aim of buying aviation services companies. As part of his deal for Carpenter, Lee (pictured here) is retaining John DenDekker, who has been Carpenter's general manager since 2011.
“In life, a time comes when it feels appropriate to transition your business to the next generation,” said Fran Carpenter, who has served as CEO and President at Carpenter Avionics since 2010. “I am confident that with this new leadership team’s experience and vision, Carpenter Avionics will thrive and grow.”
Recently released figures show Rutherford County hotels generated a $6 million increase in revenue on total rooms sold in 2013 compared to 2012 figures.
According to a Smith Travel Research annual report, the county experienced an increase in all categories across the board, including hotel occupancy, revenue per available room, average daily rate, room revenue and rooms sold. The increase in each category was well above the national average as well as the average for the state of Tennessee, the report said. Over the past two years, the number of rooms sold has increased 16.2 percent.
STR does not disclose total revenue figures.
“These increased numbers mean that more people are traveling to Rutherford County and staying in our local hotels, while visiting local attractions, shopping in our retail outlets and dining in our restaurants,” Barbara Wolke (pictured), interim vice president of the Rutherford County Convention & Visitors Bureau, said in a release. “With the additional hotel supply in Murfreesboro and Smyrna (four hotels were added between 2008 and 2010), overall tourism and demand has increased to help fill these additional rooms. We hope to continue this upward trend.”
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