CLARKSVILLE, Tenn. (CLARKSVILLE NOW) – The Montgomery County Budget Commission this week approved a proposal authorizing the transfer of land to LG Chemical. This brings LG Chem closer to opening a large local facility that will provide hundreds of jobs, including 300 six-figure positions. .
Buck Dellinger, president and CEO of the Clarksville-Montgomery County Economic Development Council, said during Tuesday's Budget Committee that LG Chem is now poised to develop 420 acres of land that will become a new cathode manufacturing facility. he said. It was located.
Dellinger said the proposed resolution would formally transfer the land to LG Chem and allow LG Chem to develop the site. The groundbreaking ceremony is scheduled for December.
Pilot agreement with IDB
Dellinger said that under LG Chem's PILOT (Payment in Lieu of Taxes) agreement with the Industrial Development Board, his organization seeks to hold manufacturers accountable on two fronts: land use and high-wage job opportunities. He said there was. Dellinger explained that if LG Chem does not develop the entire land within 10 years, Montgomery County will begin to take back some of the land.
According to previous reports, LG Chem is expected to bring about 300 six-figure jobs, which is 100 more jobs than previously expected at that salary level. These six-figure jobs include management and engineering opportunities.
LG Chem plans to provide a total of 860 new jobs, with each employee expected to earn at least $22 an hour.
Dellinger, along with curriculum advisors from Austin Peay State University, Nashville State University, and Tennessee University of Applied Technology, will travel to South Korea to meet with LG Chem officials and learn how to create curriculum for employees needed at the new facility. He said that. .
Site development contract
In addition to the pilot agreement, there are several other items that LG Chem and the county plan to address in the site development agreement.
This includes widening Charles Bell Road to three lanes and extending the roadway to connect to LG Chem's manufacturing facility. The City of Clarksville agreed to incorporate the project into the city's fire protection district coverage.
The proposal will now be presented to the Montgomery County Commission, which will debate and vote on the issue next month.
