Economic development creates opportunities to grow state, local and metro areas, which are essential for economic growth, improved quality of life and community development. Volkswagen articles below.
Sese Industrial Services, U.S. Corp. will invest more than $42 million to build a new axle component assembly facility in Chattanooga, TN.
The new terminal will import and process 120,000 Volkswagen, Audi, Lamborghini, and Bentley vehicles annually, create approximately 100 jobs.
Tennessee has been the nerve center of the South’s auto sector for nearly four decades, and is shaping up to be a hub for electric vehicle investments.
Nevada wins the most hotly contested economic development prize in years by bagging Tesla's lithium battery plant near Reno. Washington successfully pulled out all the stops to keep Boeing from leaving the state. Comcast's gleaming new tower will transform Philadelphia's skyline.
The state of Tennessee is providing a $165.8 million grant for costs associated with site development and preparation, infrastructure, production equipment acquisition and installation, and facility construction.
The Volunteer State is still out front in our annual auto sweepstakes, but two surging contenders are laying down markers for next year's contest.