Chattanooga's Industrial Development Board today gave its OK to a financial incentives package for Volkswagen's $600 million expansion.
Panel member Chris Ramsey asked for regular reports on minority- and women-owned business participating and hiring for the project, which is expected to lead to VW bringing on 2,000 more jobs to produce a new sport utility vehicle at it plant.
In addition, there was a request for similar reports related to military veterans.
Nick Wilkinson, the city's deputy administrator for economic development, told the board the city is expecting a "significant multiplier effect" from the plant expansion announced last week.
On Wednesday, the Hamilton County Commission approved the incentives, which are projected to amount to $274.3 million from the city, county, state and utilities. The City Council is expected to give its OK next week.