A seven-year tax break was approved Tuesday by the Hamilton County's Industrial Development Board for a steel processor to expand operations and add 84 jobs.
LJT Tennessee/Steel Warehouse is to receive property tax savings of about $500,000 over the period, said Steve Hiatt of the Chattanooga Area Chamber of Commerce.
The jobs are expected to average about $42,000 a year, officials said. That's above the county average of $38,900, Mr. Hiatt said.
The company announced about a month ago it planned an $11 million expansion at its Centre South Riverport facility off Amnicola Highway as it diversifies its business. The project is to push its work force to 200 people.