Huntsville approves Remington development agreement - WAFF-TV: News, Weather and Sports for Huntsville, AL

Huntsville approves Remington development agreement

The agreement between Remington and area governments includes guarantees of the number of jobs that will be created. The agreement between Remington and area governments includes guarantees of the number of jobs that will be created.
HUNTSVILLE, AL (WAFF) -

Tennessee Valley leaders said the complicated formula is coming together to bring the new Remington plant, and 2,000 jobs with it, to Huntsville.

Thursday night, the Huntsville City Council approved a development agreement for the plant, which will go in the old Chrysler facility near Huntsville International Airport.

This was the council's second vote on the plan, which promises Remington $14 million in incentives. The Madison County Commission approved paying its share of incentives Wednesday.

"We have some great participation by Limestone County and Morgan County. As soon as we pass our agreement, they're going to take up the agreements on their side, so we should have the whole thing probably wrapped up, hopefully by March 15 or somewhere around there," said Mayor Tommy Battle.

"Getting the facility up and running to the degree that they need to start their production is scheduled to take seven to nine months," said Shane Davis, Director of Urban Development. "I think late this year, early 2015, you'll start seeing job fairs and applications."

The agreement between Remington and area governments includes guarantees of the number of jobs that will be created. If those goals aren't met, the deal requires Remington to pay incentive money back.

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