An unnamed company that Chattanooga and Hamilton County officials are targeting could make a $101 million investment in their proposed industrial park and pay almost 1,250 workers an average of $32,000 annually, officials said Tuesday.
“We’re courting a significant economic development opportunity,” Mayor Ron Littlefield told City Council members Tuesday.
Littlefield, along with an official from the Chattanooga Area Chamber of Commerce, made a small presentation to the council Tuesday before its regularly scheduled committee meetings about the yet-to-be-named company that is thinking of locating in the Enterprise South industrial park.
County officials have said the company could be Internet-based. Records show it plans a 1 million-square foot-facility on an 80-acre site near Volkswagen and would be adjacent to the new health facility being built by Erlanger Health System.
Littlefield told council members because of confidentiality agreements there was little he could say about the proposal, which has been dubbed “Project Infinity” in state documents.