Wacker Polysilicon to expand Charleston, TN, operations again
The current construction of the new Wacker plant near Charleston, TN. Photo by Doug Strickland /Chattanooga Times Free Press.
CLEVELAND, Tenn. Wacker Polysilicon officials are expected to announce an additional $300 million investment in their northern Bradley County operations after receiving a one-time $1 million property tax abatement for 2014.
Wacker, originally having made a $1 billion commitment to its Charleston facility, ultimately will increase its investment to $1.8 billion, said Farlow. He noted that the company already had made an additional $500 million investment without asking for further concessions from the county.
In addition to the property taxes that Wacker will provide the county, it will pump an estimated $65 million into the community through salaries and wages for its projected staff of 600 employees, said Farlow
Do you have any stories about the amount of Federal and State subsidies that this company is getting?