Team Technologies, a healthcare manufacturer, will invest $11 million to upgrade its production facility on Commerce Boulevard in Morristown, Tennessee, with plans to hire 200 employees in the Hamblen County region.
“Team Technologies is very excited about the growth prospects for this year and going forward. By partnering with strong customers and providing leading edge technology and support, we are very optimistic about new sales and employees,” Vice President and Chief Financial Officer of Team Technologies David Bivens said. “We are very happy to be able to bring more jobs to our local area and the U.S. as a whole. With the continued support of the state of Tennessee, the Morristown Industrial Board and our ownership team, Team Technologies is poised for growth well into the future.”
“I want to thank Team Technologies for their continued investment in Tennessee and the jobs they are creating in Hamblen County,” Gov. Bill Haslam said. “Focusing on growth in existing companies is an important part of our Jobs4TN strategy, and Team Technologies’ commitment helps us toward our goal of becoming the No. 1 location in the Southeast for high quality jobs.”
“Team Technologies’ 25 years of investment in Tennessee is an example of the kind of entrepreneurial spirit that flourishes in our state, thanks to the low cost of doing business and an environment where companies feel confident they can expand,” Department of Economic and Community Development Commissioner Bill Hagerty said.
“Team Technologies continues to be a growing asset to our city. The expansion of 200 new jobs along with $11 million in new investment in expansion is exciting news to our community,” Morristown Mayor Danny Thomas said. “Team Technologies is bringing back jobs that had been moved to China, which is an encouraging sign of their company’s desire to bring manufacturing back to the United States. We appreciate Team Technologies’ confidence in our community’s ability to supply the necessary labor to meet their expansion.”