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Wed, Aug 24, 2005

Edwards & Associates Doubling Workspace, Adding Jobs

Bell's Tennessee Affiliate Gets Visit From Redenbaugh For Groundbreaking

Tennessee Gov. Phil Bredesen joined Bell Helicopter CEO Mike Redenbaugh for a ground-breaking ceremony launching a new five building 37-acre construction project at the Tri-County Industrial Park.  The new facilities will be used by Edwards & Associates, a Bell-owned subsidiary specializing in the repair, refurbishment and sales of new and used helicopters.

The new buildings will include an office facility, completion center, maintenance hangar, paint shop and a building for the production of the Bell 210 new light utility helicopter. Edwards currently occupies two other buildings in the Industrial Park. When the 14-month, 140,000 sq. feet construction project is complete, the company will have 300,000 sq. feet at Piney Flats. The company's work force of 330 has increased to 370 and will increase to 430 over the next 24 months.

Edwards is investing $8 million in the project with another $1.1 million in state and local community incentives. In prepared remarks, Gov. Bredesen said, "Edwards & Associates has been a valued corporate citizen in Tennessee for many years. This company stands as an example of what good management, good products and good workers can accomplish."

FMI: www.textron.com, www.edwards-assoc.com

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