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. Ford and South Korean battery maker SK Innovation announced last month that they would spend $5.6 billion to build a factory to produce electric F-Series pickups. The project, located near the small town of Stanton in rural Haywood County, is expected to create about 5,800 new jobs at the West Tennessee megasite by 2025. Lee has said Tennessee offered $500 million in incentives to help secure the project, but this week, the state unveiled plans to spend hundreds of millions more. Around …
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