Corker Comments on Volkswagen Chattanooga Economic Impact Study

U.S. Senator Bob Corker, R-Tenn., commented last week on a University of Tennessee at Knoxville research study on the impact Volkswagen Chattanooga has had on the economy in Tennessee. According to the study, Volkswagen Chattanooga activities have created 12,400 full-time jobs, are responsible for $643.1 million in annual income, and have increased state and local tax revenue by $53.3 million annually.

“When the announcement was first made that Volkswagen would be coming to Chattanooga, I believed the partnership would not only change Chattanooga forever, but that our entire state would reap the tremendous benefits we are seeing,” said Corker. “This study is yet another reminder that Volkswagen is a great partner for our state, and it’s incredibly gratifying to see just how many lives this partnership has already impacted.”

Corker recently introduced the Global Investment in American Jobs Act (S.1023) to improve American competitiveness for attracting foreign direct investment, like Volkswagen Chattanooga.

As mayor of Chattanooga from 2001-2005, Corker worked with other officials and community leaders to develop a 1,200 acre industrial site that is now home to Enterprise South and Volkswagen’s U.S. production facility. Much of the negotiation that led to Volkswagen choosing Chattanooga occurred in Corker’s Chattanooga home.

Jefferson Farmers Co-op 08112014