Monroe Provides Incentive Payment to ATI Specialty Materials
The City of Monroe presented an economic development incentive check to ATI Specialty Materials on July 7, 2025, recognizing ATI's fulfillment of an $11 million development agreement with the City.
Mayor Robert Burns, Council Member Franco McGee, City Manager Mark Watson, Assistant City Manager Lisa Hollowell, Assistant City Manager Jeff Wells, and Strategic Projects Manager Teresa Campo met with Vice President of Finance Darren Fell, Senior Director of Human Resources Connie Smith, Director of Human Resources Julie Hunter, Controller Allison Leonard, and Senior Process Leader of Human Resources Shelia Singleton to present the incentive check and see the campus.
“We're proud to have ATI as part of our community, as they provide high-quality jobs and support a strong workforce of skilled trades professionals," said Manager Watson.
ATI produces titanium and superalloys used in the aerospace, power generation, and defense industries. ATI has facilities across the world. Its Monroe facility is a key part of the company’s global specialty materials operations, where advanced forging technologies are used to shape titanium and nickel-based superalloys into high‑performance components. These precision‑forged materials are critical for applications in aerospace jet engines, defense systems, and industrial power generation.
“I believe this incentive program is money well spent on ATI. The return on City investment in jobs and tax receipts and its attraction for other companies to come to Monroe is invaluable,” said Mayor Burns.
Under its economic development agreement with the City, ATI has agreed to invest up to $11 million in new taxable building improvements, machinery, and equipment over five years, beginning in 2021. The company has fulfilled its incentive requirements for this payment for 2025.
"ATI has long been a powerhouse in our City, fueling America’s aerospace industry with advanced materials while creating quality jobs right here at home. This is why Monroe is the City where heartland meets high tech, as companies like ATI turn innovation into opportunity for all," said Council Member McGee.
"ATI is a major specialty metals manufacturer in the metal industry. We are privileged they have plants here in our great City. Our incentive grant will help strengthen their position in the metal market as they continue to produce high-quality products," said Mayor Pro Tem Surluta Anthony.
"ATI has a long history of investing in Monroe’s economy. This $11 million investment continues that long history. Thank you, ATI for contributing to Monroe’s economic development in the past and future," said Council Member Julie Thompson.
