Tennessee incentives for VW total $577.4 million

CHATTANOOGA, Tenn. (AP) Volkswagen's move is expected to create 2,000 jobs at the plant and another 9,400 related jobs.

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.

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