Tennessee Considering $900M Ford Incentive Package

Tennessee Considering $900M Ford Incentive Package
A picture shows the Ford logo at the company's Halewood plant in Liverpool, north west England, on Oct. 18, 2021. -Paul Ellis/AFP via Getty Images
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NASHVILLE, Tenn.—Tennessee is poised to spend approximately $900 million of its tax revenues on incentives, infrastructure projects and more under an agreement with Ford Motor Co., which has announced plans to build an electric vehicle and battery plant near Memphis.

The sweeping spending package must be approved by the Republican-led General Assembly, which began the work Monday. The special legislative session was called by Republican Gov. Bill Lee.