General Motors says it is investing $350 million and will create and retain at least 1,800 jobs at its plant in Spring Hill, Tennessee.
While the automaker isn’t saying what new vehicles will be made at the plant, GM announced Tuesday that it will add two midsize vehicle programs to the facility, making good on a promise to the United Auto Workers union during negotiations in 2011.
The Tennessean reports that some analysts have suggested the vehicles might be the Cadillac SRX, which is currently made in Mexico, and the Buick Anthem, which GM has in development. The Spring Hill plant served as the headquarters and main assembly facility for GM’s now-defunct Saturn brand before production was halted in 2009.
The UAW says the jobs generated by the new auto production will be filled mainly by local hires, as opposed to the union’s normal practice of transferring displaced workers from other areas.
The news comes on the heels of a recent report showing Tennessee is, for a fourth consecutive year, ranked No. 1 in automotive manufacturing strength in the nation.
Just in time for the start of a new school year, Tennessee is giving shoppers a tax break this weekend. During the three-day tax holiday, shoppers can save almost 10 percent on tax free clothing, school and art supplies and computer purchases.
Shoppers will not pay state or local sales tax on select clothing and school supplies with a price of $100 or less per item and computers with a price of $1,500 or less.
The three-day holiday runs until 11:59pm on Sunday.
The tax-free weekend was started in 2006. According to the state department of revenue, the annual event each August saves Tennesseans between $8 and $10 million in taxes.
A new distribution and manufacturing facility in Franklin plans to add 40 new jobs over the next few years. MultiTech Industries creates springs, wire forms, machined components, and other parts for automotive manufacturers.
MultiTech will occupy a 32,000-square-foot spec building in the Sanders Interstate Industrial Park in Simpson County.
The company will initially employ ten workers, and says it wants to add up to 40 positions over time.
Tennessee is, for a fourth consecutive year, ranked No. 1 in automotive manufacturing strength in the nation.
Economic development publication Business Facilities has released its annual ranking, showing Tennessee the top state.
Economic and Community Development Commissioner Bill Hagerty called the ranking "an impressive distinction" and said expansions and relocations by automotive manufacturers like General Motors, Nissan, and Volkswagen, and Magneti Marelli further solidify the state's position globally.
With the auto plants and those of their suppliers, there are more than 900 automotive plants in the state. In fiscal 2012-2013, 44 automotive projects created 6,662 new jobs in Tennessee and investments totaled close to $1.1 billion.
The White House says President Barack Obama will travel to Tennessee next week to promote his proposals for boosting U.S. manufacturing and high-wage jobs.
Obama will fly on Tuesday to Chattanooga, where he'll visit an Amazon fulfillment center, which packs and ships products to online purchasers. The White House says Obama will discuss ideas he's presented previously to promote American competitiveness and job growth — and also some new ideas.
It's the first in a series of speeches Obama will be giving on specific policy areas. The speeches build on Obama's visits this week to Illinois, Missouri and Florida, where he's speaking broadly about the state of the economy and the need to build a stronger middle class ahead of fiscal fights in Congress this fall.