January 30, 2024. Snap-on officials announced today the company will invest $44 million to expand its manufacturing operations in Elizabethton, Tennessee.
Snap-on’s planned expansion of the Elizabethton facility will create 50 new jobs through the project: adding nearly 49,000 square feet of manufacturing space and new equipment to support additional capacity for forging, machining, heat treating, chrome plating and assembly at its State Line Road location.
Snap-on is the third largest employer in Carter County, specializing in manufacturing hand tools including ratchets, wrenches, pry bars and pullers. Once fully operational, the expansion allows the Snap-on Elizabethton plant to employ nearly 500 people in Northeast Tennessee.
Since 2020, TNECD has supported 35 economic development projects in the Northeast Tennessee region, resulting in approximately 3,200 job commitments and $981 million in capital investment.
QUOTES
“Well-known brands like Snap-on continue to choose to do business in the Volunteer State, and I am grateful to this company for their commitment to expand and create additional job opportunities for Tennesseans across Carter County.” – Gov. Bill Lee
“As Carter County’s third largest employer, Snap-on has become a vital part of the Elizabethton community. We are proud that Snap-on will expand its business in Tennessee, and we hope to continue partnering together to facilitate additional growth in this region.” – TNECD Commissioner Stuart C. McWhorter
“The Tennessee Economic and Community Development grant program supports the efforts of companies such as Snap-on, continuing to build on our presence as a U.S manufacturer and as an employer here in Elizabethton, in Carter County and in the state of Tennessee for 50 years. We value our hard-working associates in this facility as well as the community’s endorsement and on-going support.” – Jon Carley, Elizabethton plant manager, Snap-on
