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VOL. 131 | NO. 194 | Wednesday, September 28, 2016

Tennessee Approves $600K Job Training Grant for VW Supplier

The Associated Press

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CHATTANOOGA, Tenn. (AP) – State officials have approved a $600,000 job training grant for a Volkswagen supplier in Chattanooga.

The Chattanooga Times Free Press reports (http://bit.ly/2cZ5tEF) that the State Funding Board OK'd the FastTrack Job Training funds in a meeting last week.

The money will go toward Chattanooga Seating Systems LLC, a joint venture between Magna Seating and Hollingsworth International that makes seating systems for VW's existing Passat sedan production and for a new SUV scheduled to into production later this year.

The company is adding nearly 200 new employees in addition to the 128 already working at 58,000 -square-foot-facility. The average pay rate for the new workers will be $16.10 per hour.

Chattanooga Seating Systems is investing more than $5 million in new equipment for making the new seating systems.

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Information from: Chattanooga Times Free Press, www.timesfreepress.com

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 50 226 2,557
MORTGAGES 44 145 1,731
FORECLOSURE NOTICES 0 37 259
BUILDING PERMITS 204 569 5,701
BANKRUPTCIES 30 87 993
BUSINESS LICENSES 3 110 491
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0