American Tire gets state grant
American Tire Distributors, a North Carolina-based company building a facility in Chattanooga, has received a $508,792 state grant.
The company, which is investing up to $20 million and creating 40 jobs at the Enterprise South industrial park location, will use the money for infrastructure improvements, according to the state Department of Economic and Community Development.
American Tire Distributors is building a 125,000-square-foot distribution center.
Corker seeks fiscal reforms
After winning re-election to a second term on Tuesday, U.S. Sen. Bob Corker, R-Tenn., on Wednesday called upon President Barack Obama “to work with the leadership of the House and Senate to pass a fiscal reform package now.”
Corker said he has spent the past 11 months getting ready for the lame duck session of Congress to take up a package of spending cuts and tax revenue increases to limit the federal deficit.