The expansion of Volkswagen’s Chattanooga manufacturing facility to produce a new midsize sport utility vehicle could add about 9,800 jobs to the Tennessee economy, according to a UT study released today.
The expansion includes the opening of a North American Engineering and Planning Center. Volkswagen currently employs 2,400 Tennessee workers.
The study, from UT’s Center for Business and Economic Research (CBER), shows that Volkswagen’s $704 million investment in the plant would:
- Generate $217 million in new income and 5,400 jobs in Tennessee during the construction and development phase.
- Be responsible for $373 million in additional annual income once the plant is fully operational.
- Increase state and local tax revenue by $35.1 million annually once the plant is fully operational.
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