The facilities will go on the Memphis Regional Megasite in Stanton, Tennessee, about 50 miles from Downtown Memphis. MEMPHIS REGIONAL MEGASITE: $52 million additional investment, 'aggressive' marketing plannedįOR SUBSCRIBERS: New Memphis megasite investment aims to finally land a major employer. "This will have a generational impact on people and families across our state, especially in West Tennessee," Lee said in a conference call with reporters. "It begins really the accelerated transformation of West Tennessee that has to happen in order for our state to lead the nation." He plans to call a special legislative session in the next few weeks to approve a subsidy payment to seal the deal: $500 million. Bill Lee said the state competed with about15 other states to bid for the project and called it "the largest single investment in this state's history." Construction is set to start by the end of the year, manufacturing is expected to begin in 2025, and the company is expected to employ about 5,700 people. Ford Motor Company on Monday announced a $5.6 billion investment to create a massive industrial campus about 50 miles northeast of Memphis that will produce a new generation of electric trucks and electric vehicle batteries.
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