Documents filed with a state agency show that a carpet company expects to invest $350 million to complete 1 of 2 new factories planned for Georgia.
Engineered Floors filed documents with the Department of Community Affairs saying the project should generate almost $7 million a year in local sales and property tax revenue, according to The Atlanta Journal-Constitution.
The planned facility is a 2 million-square-foot manufacturing center. The Calhoun-based company in May announced that it would build two new plants in northwest Georgia. It has said it will hire 2,400 workers at the plants in Whitfield and Murray counties.
Carpetmaker Engineered Floors will spend almost half a billion dollars on two new facilities that together will employ up to 2,400 workers in North Georgia's industrial heartland.
The private investment marks the largest expansion of permanent jobs in the Chattanooga region since Volkswagen announced its Passat plant in 2008, and the biggest private investment since Wacker's 2009 decision to locate its polysilicon plant in Bradley County, Tenn.