Tennessee Commissioner of Economic and Community Development Matt Kisber today released an analysis of the Volkswagen project in Chattanooga which shows the recently-announced assembly plant will boost incomes in the region by $511.1 million annually and generate more than $55 million annually in new tax revenues for both the state and local governments.
‘Commercial News’
UT Analysis Shows VW to Boost Local Incomes by $511 Million annually
Friday, August 29th, 2008Chattanooga Lands WV, Its only North American Plant
Monday, July 28th, 2008Volkswagen announced this morning that it would build a manufacturing plant in Chattanooga, Tenn. where it will build a vehicle specifically for the North American market. The plant will employ 2,000 workers from the tri-state area and is expected to invest $1 billion in the local economy.
BlueCross Campus Takes Shape
Wednesday, January 30th, 2008Downtown Chattanooga’s skyline is starting to take another shape as BlueCross BlueShield of Tennessee’s new corporate headquarters arises from Cameron Hill. The 950,000 sq. ft. home office will have five buildings to house about 4,000 employees.
Priming the Job Pump
Tuesday, December 11th, 2007300 new jobs announced at a riverftont site in Chattanooga Alstom Power will make steam and gas turbines at the plant as it seeks to capture business related to nuclear and fossil power plant constrauction in the United States, officials said Monday.