Hamilton County approves VW incentive package

Hamilton County approves VW incentive package

July 23rd, 2014 by Mike Pare in Local - Breaking News

Jim Coppinger

Photo by Dan Henry/Times Free Press.

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.