Skip to Main Content

Aeronautics Economic Development Fund

The development strategy for this fund is 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 below awards were announced for Fiscal Year 2020.

Fiscal Year Award Recipient
Project Description
Award Amount

2020

City of Murfreesboro

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

$1,000,000.00

2020

Everett-Stewart Regional Airport

Construct 80 X 80 corporate hangar, ramp, access driveway and parking for a maintenance facility at Everett-Stewart Regional Airport in Union City, TN.

$736,477.00

2020

Greeneville Municipal Airport Authority

Construct a 25,000 S.F. hangar with 3,000 S.F. office space and apron for an aviation business relocating to Greeneville Municipal Airport in Greeneville, TN.

$1,000,000.00

2020

McKellar-Sipes Regional Airport - Jackson, TN

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

$913,181.00

2020

Metropolitan Knoxville Airport Authority
*Grant not executed - pending FAA Approval

Design and construction of a general aviation airport in Oak Ridge, TN.

$1,000,000.00

2020

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, TN.

$897,499.00

2020

Tullahoma Airport Authority

Construct one 10,000 SF hangar for an aviation business that is expanding at the Tullahoma Municipal Airport in Tullahoma, TN.

$452,843.00