Tennessee economic development officials discussed the incentives and projected the plant's economic impact Friday in Chattanooga.
Tennessee was a finalist with Alabama and Michigan for the German automaker's $1 billion plant.
Alabama Gov. Bob Riley has said Alabama offered incentives worth over $385 million, the most that state had ever offered for an auto project.
The incentive package for Volkswagen compares to $294 million in incentives that Mississippi provided Toyota in 2007 for a plant, and $258 million Kia received in return for agreeing to build an assembly plant at West Point, Ga., in 2006.
