Tennessee Special Megasite Session Comes To A Close

27 thousand new jobs, 22 million dollars in new state tax revenues and more than a five point billion dollar investment by Ford Motor Company is expected to boost economic development around the planned Megasite Automotive manufacturing plant in Memphis. So important is the investment for the entire state, Governor Bill Lee and lawmakers have concluded a special session addressing, funding and oversight of Tennessee’s, single largest investment in state history. Lawmakers passed SB and HB 8002 which provides 500 million dollars in capital grant funds to support the project.