Richard's Real Estate Thoughts: Volkswagen Coming To Chattanooga - Taylor Jernigan speaks to agents about what to expect with new plant

At the Chattanooga Association of Realtors meeting today, Taylor Jernigan from Montgomery spoke about what the community can expect from the new Volkswagen plant. The announcement in July that Chattanooga had won the bid for the new Volkswagen plant has been received with great excitement and expectation.

Taylor Jernigan,a past President of the Montgomery Association of Realtors,spoke before a sell out crowd today about the experiences that Montgomery had with the Hyundai plant,beginning in April 2002 with the announcement of Mongtomery as the site for the new plant.

The plant has brought employment and economic benefits that have exceeded projections. Employment has greatly exceeded the promised 2000+ new direct jobs. Additionally there have been over 5000 jobs added from Hyundai vendors who have moved into the 15 neighboring counties.

The overall economic impact has been $1.4 billion annually greatly exceeded projections. He mentioned significant improvements in infrastructure, including upgrades to the airport, improvements to the highways, and enhancements to the public schools.

One of the many side benefits of the Hyundai plant is the company's strong community involvement in so many areas.

The message - get excited about the Volkswagen plant coming to Chattanooga. And get excited about the new car design that will be produced here, an "innovative, efficient and affordable new automobile model specifically for the evolving demands of North American drivers."

Taylor Jernigan is a former Realtor of the Year and is 1 of 25 agents selected for the ignaugural class of the NAR Leadership Academy. His message was well received. Mayor Ron Littlefield attended the luncheon.

Richard Smith
American Acceptance Mortgage, Inc
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