Answer Financial Breaks Ground on 32,775 Square-Foot Facility in Knoxville
Knoxville, TN -- Answer Financial Inc., one of the largest auto and home insurance agencies in the United States, announced its plans to build a new state-of-the-art facility and relocate the company’s primary sales center to West Knoxville from its current location in Oak Ridge.
Upon completion the new sales center will allow 300 jobs to remain in the Innovation Valley region and accommodate an additional 100 employees the company plans to add over the next 12 to 24 months.
“Once Answer Financial determined they needed a new location, we wanted to make sure they stayed in the Innovation Valley,” said Rhonda Rice, executive vice president of the Knoxville Chamber. “It was important to work with our economic development partners in Oak Ridge to ensure that we retain the 300 existing jobs the company currently represents as well as make it possible for them to grow.”
Developed by Providence Commercial Real Estate the 32,775 square foot facility will be constructed at 8880 Comstock Road near the intersection of I-40 and Bridgewater Road.
“Breaking ground on this new building demonstrates our commitment to Innovation Valley,” said Rob Slingerland, CEO of Answer Financial. “Knoxville is an important part of our growth plans.”
Referencing the site’s interstate access and central location, Senior Vice President of Sales and Client Services Peter Foley thinks the new sales center will help attract and retain employees.
“We chose a great site in West Knoxville at a convenient exit on I-40 and I-75 which will shorten the commute for the majority of our team, and in fact double the number of associates that will be less than a 15 minute drive from the office,” he said. “In addition, over 90 percent of recent applicants live closer to our new West Knoxville location.”
A member of the Allstate family of companies, Answer Financial is an online insurance agency that offers customers real-time rate comparisons from the more than 20 top-rated insurers represented by the company.