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Aeronautics Economic Development Fund

The development strategy for Aeronautics Economic Development Fund to impact job creation and investment opportunities in Tennessee’s aviation industry. Our aviation facilities are critical to the economic development of communities across the state.

Tennessee’s aerospace sector has a rich combination of research assets, capital investment opportunities, advanced manufacturing expertise, accessibility to educational resources, and workforce capacity. This environment provides an excellent opportunity for new or expanding aerospace programs and activities.

The table below includes the Aeronautics Economic Development Fund award recipients announced for Fiscal Year 2020.

Award Recipient
Project Description
Award Amount

City of Murfreesboro

Site development and pavement of an apron and taxiway for the expansion of MTSU at Murfreesboro Municipal Airport in Murfreesboro

$1,000,000.00

Everett-Stewart Regional Airport

Construction of an 80 x 80 corporate hangar, ramp, access driveway, and parking for a maintenance facility at Everett-Stewart Regional Airport in Union City

$736,477.00

Greeneville Municipal Airport Authority

Construction of a 25,000 SF hangar with 3,000 SF office space and apron for an aviation business relocating to Greeneville Municipal Airport in Greeneville

$1,000,000.00

McKellar-Sipes Regional Airport

Construction of office space for an existing hangar, parking, and an access driveway for an aviation company planning to locate at McKellar-Sipes Regional Airport in Jackson

$913,181.00

Metropolitan Knoxville Airport Authority
grant not executed - pending FAA approval

Design and construction of a general aviation airport in Oak Ridge

$1,000,000.00

Sumner County Regional Airport Authority

Site development to build an access road, taxiway, and apron for a medical transport business and additional airport expansion at Music City Executive Airport in Gallatin

$897,499.00

Tullahoma Airport Authority

Construction of one 10,000 SF hangar for an aviation business that is expanding at Tullahoma Municipal Airport in Tullahoma

$452,843.00