The Silver Award in BF‘s annual Deal of the Year contest went to the Tennessee Department of Economic and Community Development for General Motors’ $789 million expansion of its plant in Spring Hill, TN, a project that will have an estimated economic impact for the region of $3 billion over the next 10 years.
“GM’s decision to put a new high-efficiency engine program and modernize vehicle programs at Spring Hill is a strong indicator that Tennessee can compete with anyone as an automotive powerhouse,” Rogers said.
GM’s Spring Hill facility, originally home to its Saturn production line, is a flexible vehicle assembly plant currently producing the Cadillac XT5 and GMC Acadia models, as well as four-cylinder engines and stampings used in several GM vehicles. Low-cost electricity provided by Tennessee Valley Authority was a key factor in the auto giant’s decision to expand operations at Spring Hill, officials said.
For more information on the award and the Gold and Bronze winners click HERE