“Cavanaugh and Visionary Solutions should serve as the poster child for what we try to do when it comes to business retention and expansion at the Chamber,” Doug Minter, business development manager of the Knoxville Chamber said.
Knoxville, Tennessee (PRWEB) March 29, 2012
A homegrown company and former tenant of the county’s small business incubator Visionary Solutions, is proud to announce an expansion to the WestBridge Business Park in West Knox County.
The minority-owned company provides materials transport services for a number of clients in East Tennessee and currently employs approximately 78 people before this expansion. Visionary Solutions is a prime example of local economic development gone right.
“It’s herculean. We started out in a one-room incubator space and we moved into a 15,000 square foot space. Now we’ve got 9 acres,” Cavanaugh Mims, Visionary Solutions founder and owner said.
Visionary Solutions purchased 2553 Quality Lane, a piece of property in WestBridge. The space formerly housed the 84 Lumber Truss Plant and was privately held prior to the sale.
Mims is anticipating the purchase will amount to more than $3 million in capital investment, with an initial investment of $1 million. As the corporate headquarters, Mims also anticipates a number additional jobs will be added over the next several years as the move allows the company to triple its office space.
“Cavanaugh and Visionary Solutions should serve as the poster child for what we try to do when it comes to business retention and expansion at the Chamber,” Doug Minter, the Knoxville Chamber’s business development manager said. “Visionary Solutions has shown the dedication to not only start a business that delivers great value to its clients, the company is now giving back and helping other start-ups in the area.”
A mentor in the Knoxville Chamber’s mentor/protégé program, Mims is sharing office space with Quality RX Returns, a protégé in the program. The Chamber’s mentor/protégé program pairs start-up business owners with established business leaders in the community.
Since it’s inception three years ago, participants in the Chamber’s mentor/protégé program have seen more than $30 million in local economic impact and the creation of several dozen new jobs. The mentor/protégé program is a component of the Knoxville-Oak Ridge Innovation Valley regional economic development initiative.
“To whom much is given, much is required. Somebody had to help us get to where we are now. We’ve opened ourselves up to new opportunities and sometimes joint ventures can be a lot more opportunity than just going alone,” Mims said.
Visionary Solutions is currently in the process of moving into the new facility and plans to have their entire corporate offices in the new Innovation Valley center.