Wacker gets tax abatement
Posted: Monday, February 13, 2012 10:25 pm
CLEVELAND (AP) — Bradley County officials have approved a one-time property tax abatement for Wacker Polysilicon.
Wacker Polysilicon is building a plant in Charleston that will produce polysilicon for solar panels.
The county commission approved the $1 million abatement for 2014 in 14-0 vote last week.
The Munich, Germany-based company is expected to announce an additional $300 million investment in their northern Bradley County operations, The Chattanooga Times Free Press reported.
Gary Farlow, CEO of the Cleveland/Bradley Chamber of Commerce, said that will bring the company’s total investment in the Charleston facility to $1.8 billion.
He estimated that once the plant is operational, it will provide an estimated $65 million to the community through salaries and wages for a projected staff of 600 employees.