Chattanooga Industrial Development Board Meeting - 05/04/2026

The Chattanooga Industrial Development Board meeting on May 4, 2026, focused heavily on updates and procurement decisions related to major infrastructure and development projects. Key discussions included progress reports on the E2I2 large tank construction project and the Moxon Bend Environmental Campus Class A power project, which is currently eight months behind schedule due to redesign efforts aimed at cost control. The board approved a change order increasing the Class A power project contract with Archer Western Construction LLC by $1,178,322.38 to accommodate design modifications. Additionally, the board authorized a $10,000 small business incentive grant to APHB Outfitters LLC to support local business expansion. A significant portion of the meeting was devoted to the Bend Project, a large-scale private development involving extensive infrastructure improvements funded by private investment and supported by a tax increment financing (TIF) agreement. The developers discussed project milestones, financing changes including new debt arrangements, and upcoming construction phases, while addressing board concerns about transparency, right of first refusal agreements, and local workforce participation. The meeting underscored ongoing collaboration between public and private sectors to advance Chattanooga's economic development and infrastructure goals.