published Wednesday, July 23rd, 2014

Hamilton County approves VW incentive package

Amid little discussion, Hamilton County commissioners today approved incentives for Volkswagen’s proposed expansion that will be used to help the company assemble a new sport utility vehicle.

The county is providing $26.25 million in cash, which will be matched by the city.

Commission Chairman Fred Skillern said there are one or two items about which he has questions in the agreement, but he added that it’s “very good” for Hamilton County.

County Mayor Jim Coppinger said a construction schedule was left out of the memorandum of understanding VW has signed with the city and county at the automaker’s request. He said that VW officials believe it would hurt its competitive bidding for construction of the project.

VW is receiving about $274.3 million in financial incentives from the city, county and state governments and utilities.

The company plans to invest $600 million into the plant and hire 2,000 more people to build the new SUV.

about Mike Pare...

Mike Pare, the deputy Business editor at the Chattanooga Times Free Press, has worked at the paper for 27 years. In addition to editing, Mike also writes Business stories and covers Volkswagen, economic development and manufacturing in Chattanooga and the surrounding area. In the past he also has covered higher education. Mike, a native of Fort Lauderdale, Fla., received a bachelor’s degree in communications from Florida Atlantic University. he worked at the Rome News-Tribune before ...

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