Tennessee Approves $ 35 Million Incentive for GM Electric Vehicle Factory

Nashville, Tennessee (AP)-A Tennessee Commission has approved a $ 35 million economic incentive for a general motor plan to remodel a Spring Hill assembly plant to build future electric vehicles.

The State Funding Commission unanimously approved the incentive on Tuesday.

The funds will be used as a vocational training support grant to retrain 2,000 full-time employees for a new car project. Employees earn $ 31 an hour, but median wages in Maury County, including Spring Hill, are $ 16.80.

Earlier this year, GM announced that it would spend $ 2 billion to transform its Springhill plant into the third electric vehicle plant in the United States.

According to GM, the company will build a small electric SUV, Cadillac Lyriq, at its plant. Gasoline-powered Cadillac SUVs will continue to be manufactured in the factory. The company also announced that it will acquire additional unspecified electric vehicles.