The Tennessee General Assembly on Wednesday signed off on $884 million in incentives for the $5.6 billion electric vehicle assembly, battery manufacturing and supplier campus Ford Motor Co. and its joint-venture partner, SK Innovation, plan to build in the state.
Two pieces of legislation tied to the project largely sailed through committee hearings and floor votes over the course of a three-day special session called by Tennessee Gov. Bill Lee. Both bills — one establishing an 11-member regional authority to oversee the project site in west Tennessee and the other appropriating $500 million in direct grants plus additional funding for initiatives such as infrastructure improvements and workforce development — passed overwhelmingly in both chambers of the legislature after debate led to some minor modifications.
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