Kodak KaTom Restaurant Supply plans to create 100 jobs as well as a 40,000 square foot expansion, fueled by loans of $12.6 million, the company announced Wednesday.
Construction is expected to begin in two months and be completed by the end of 2020.
“2019 will be our best year ever,” said Patricia Bible, founder, president and CEO of KaTom, in a press release. “And part of what this expansion will allow us to do will lead to more banner years.”
KaTom, which started in a garage, now makes $200 million a year in business — selling restaurant equipment nationwide and from its Kodak retail store, according to the press release. Bible leads him with his children. It can be viewed online at www.katom.com.
“KaTom is truly a local Tennessee business,” Jim Tracy, USDA’s state director of rural development, said in the announcement. “It’s the kind of business we like to see succeed, plus they hire employees from area counties.”
Expansion plans include a test kitchen where chefs can try out equipment before they buy, an online video production facility, a catering area, more office space and a significantly expanded warehouse.
The US Department of Agriculture is providing $10 million, with an additional $2.6 million from the Community Trust Bank, according to the press release.