JEFFERSON COUNTY, Tennessee — Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Stuart C. McWhorter and Steel Warehouse officials announced Wednesday the company's plans to expand in Jefferson City.
The family-owned business is set to purchase the previous Footwear Industries of Tennessee building, according to a release.
Jefferson City will be the third location Steel Warehouse has made in the Volunteer State, along with existing operations in Chattanooga and Memphis.
“I thank Steel Warehouse for its investment in Tennessee and am excited to see the number of skilled tradesmen and tradeswomen that will benefit from the company’s expansion in Jefferson City," Lee said. "I look forward to seeing the prosperity that follows today’s announcement and am ready to support Steel Warehouse in further developing the dedicated workforce across this region.”
The project plans to create more than 70 new jobs with an investment of nearly $20 million in innovative equipment.
In addition to helping attract additional investment in the area, the expansion will support partners in the construction equipment, agriculture, lawn and garden and truck and trailer industries, according to the release.
“Steel is a key component for so many manufacturers, making Tennessee the perfect central location for Steel Warehouse," McWhorter said. "Not only are they expanding in our state, but they are also renovating a classic building that will once again generate new jobs and investment in the community. I can’t wait to see how impactful this project will continue to be in the next decade.”
Steel Warehouse has been operating since 1947. Since its founding, the company has expanded to 15 locations across the United States, Mexico and Brazil.
“We are incredibly grateful to the Jefferson City community and our strategic partners for their unwavering support as we embark on this exciting expansion," Ted Lerman, CEO of Steel Warehouse, said. "This investment reflects our commitment to innovation and growth, and we are eager to contribute to the economic development of this region. Together, we look forward to creating new opportunities and advancing the capabilities of the industries we serve.”