UPDATE: UT study says Volkswagen expansion could create 10,000 n - WRCBtv.com | Chattanooga News, Weather & Sports

UPDATE: UT study says Volkswagen expansion could create 10,000 new jobs

Posted: Updated:
Workers assemble Passat at Volkswagen's Chattanooga facility. AP photo Workers assemble Passat at Volkswagen's Chattanooga facility. AP photo
CHATTANOOGA, TN (AP) - A new study projects Volkswagen's expansion in Chattanooga could lead to the creation of nearly 10,000 jobs.

The report conducted by the University of Tennessee's Center for Business and Economic Research released Wednesday estimates the factory could add $370 million in new annual income once the expanded production is underway.

The report was commissioned by Volkswagen, which is spending $704 million to grow the plant to make a new sports utility vehicle and to open its new North American Engineering and Planning Center.

Bill Fox, director of the UT center and author of the report, said the indirect jobs will be created across several areas including construction, grocery stores and restaurants.

The plant expansion is scheduled to be completed by the summer of 2016.

U.S. Senator Bob Coker's office issued the following statement on the study: 


“Today's announcement that nearly 10,000 jobs will be created as a result of Volkswagen's expansion is great news for Tennesseans,” said Corker. “Every step along the way, we have worked hand in hand with Volkswagen leadership in Germany and our state officials to ensure that Chattanooga would be selected as the location to produce the midsize SUV and Tennessee would become home to the first of its kind research and development facility in the South, and I am thrilled to see that the collective efforts of so many are paying off in a huge way.”
As mayor of Chattanooga from 2001-2005, Corker worked with officials and community leaders to develop the 1,200 acre Enterprise South Industrial Park, which is now home to Volkswagen's North American manufacturing headquarters. Much of the negotiation that led to Volkswagen choosing Chattanooga occurred around the dining room table of Corker's Chattanooga home.
Powered by Frankly