Commissioners approve tax breaks for company to move to Knox Co.

Commissioners approve tax breaks for company to move to Knox County

Posted:

By MIKE KRAFCIK
6 News Reporter

KNOXVILLE (WATE) – Knox County Commission passed a resolution Monday that gives a four-year tax abatement to a restaurant supply company interested in relocating its headquarters to East Knox County.  

Commissioners voted 8-3 to allow the tax incentives for KaTom, a company based in Russellville, Tennessee to relocate its 63 employees to a site near the proposed Midway Business Park off Interstate 40.

The first phase of the project would represent an investment of $6.25 million and is expected to bring 135 jobs to Knox County within five years. 

The Development Corp. of Knox County has offered to sell the land to the company, but KaTom has not purchased yet and is still considering another site.

The land would need to be re-zoned in order for the company to move.

Commission will still need to approve a rezoning and an amended sector plan for KaTom to proceed.   

The planning commission is expected to take up the matter in April.

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