[{"_1":2,"_99":-5,"_100":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6087282,"mediaKeyId","2891221-2ce8e15ce5af33c90e7a70602fb78309","parentId",2891221,"title","Industrial Development Board approves Novonix land purchase, leases and PILOT enrollment for Enterprise South project","audioSeconds",1033,"startMs",744000,"endMs",1777000,"viewUrl","/Search/View?dp=1&key=2891221-2ce8e15ce5af33c90e7a70602fb78309&start=744&end=1777","thumbnailUrl","https://assets.pipeline.soar.com/2891221-2ce8e15ce5af33c90e7a70602fb78309/thumbnail_744000.jpg","articleUrl","/articles/6087282/Chattanooga-City/Hamilton-County/Tennessee/Industrial-Development-Board-approves-Novonix-land-purchase-leases-and-PILOT-enrollment-for-Enterprise-South-project","mediaUrl","https://secure.pipeline.soar.com/6087282-9bd0e9075c279f374f2909545f01c4bc/orig.mp4?Expires=1771155546&Signature=fnB50QESwX4Hz5RfhwLd0sStjLUUwVL4zGpXfftJ~lbIniPeuofxvMXfydXntUAcM5~Cyx6-m~HXRJKK8taGiCjjhImWxweDbOWgNkUFHJnuE-8PQwiqj4xpUt4kU1DDJ5Llnw5kY9I1psTsEKuVQnHKi-f-aRter82wzmPmQbdf06hQjMGWx2XLSuCbIBGe46pzYQScdfHy9hb6ATlKFuZl5qgv71NgjyaNXyQU-d8rM4Y8Ka9FZx8GaQ1fTDLZ2DAWnFfBQ5Wxd8tJ976IwGU7DDIv--kW7VJ2~FYq2T2ObJPzwFqlwLFRewfY1YPG1PGvUVDq8-ZSmjB7ypeIOA__&Key-Pair-Id=KUT5TJCACFTXG","author","Chattanooga City, TN","date","2025-04-07T00:00:00Z","article","The City of Chattanooga Industrial Development Board on April 7 authorized a real estate purchase and sale agreement, two lease agreements and related PILOT enrollment documents to enable Novonix Enterprise South LLC to develop roughly 182.39 acres in Enterprise South Industrial Park.

Staff described the action as a package that includes a real property lease, a personal property lease and a pilot agreement enabling a payment-in-lieu-of-ad-valorem-taxes arrangement; staff said this item was previously approved by the Chattanooga City Council on March 11 and Hamilton County Commission on March 12. The packet to the board included the State statute staff cited as authorizing the board to approve both the pilot and the accompanying leases.

Adam Myers, vice president of economic development with the Chattanooga Chamber, introduced Novonix representatives. Robert Long, chief financial officer and interim chief executive officer for Novonix, gave a project update. Long said Novonix earlier experienced sector headwinds that slowed equipment delivery and product qualification, and that the company laid off 19 employees in January 2025 and has rehired two. \"We were affected by sector trends that slowed our planned progress,\" Long said.

Long said Novonix is currently paying 100% of the applicable taxes on the Riverside pilot and has not yet \"affected that pilot\" (i.e., altered the Riverside pilot arrangement). He described a $100,000,000 MESC (Department of Energy) grant awarded in November 2023 as active and said Novonix submits monthly reimbursement requests; Long also said the company received a conditional commitment from the Department of Energy loan program office for $754,000,000, which he described as a significant piece of project financing, and that Novonix is pursuing additional capital and customer off-take agreements. Long said Enterprise South phase 1 operating capacity is planned at about 31,500 tons per annum and that combined with Riverside would push total production to just over 50,000 tons per annum. He said Novonix expects to employ just over 500 workers in phase 1.

Long described off-take discussions and agreements with Stellantis, Powerco and Panasonic and a joint development agreement with LG Energy Solutions; he said product volume sold or under contract is in the tens of thousands of tons and that Novonix continues to pursue more customers. Long added the company has applied for a Department of Defense loan and should hear back within about a month.

Board members asked about markets, tariffs, local hiring and community engagement. Long said the majority of off-take demand is expected to supply U.S. manufacturing and that potential tariffs on imported synthetic graphite would boost domestic demand. He also described local workforce and education partnerships, including the Novonix Institute of Advanced Battery Technology at Lookout Valley Middle High School and ongoing engagement with Chattanooga State and UTC. On requests to report community engagement and local vendor usage, Long said Novonix could track vendor spend and report that information if staff or partners require it.

After presentation and brief questions, a motion to approve was made, seconded and adopted by voice vote.

Ending: The board’s authorization allows closing steps and enrollment in Tennessee’s voluntary cleanup and oversight assistance program with the Tennessee Department of Environment and Conservation; Novonix and staff will proceed with required closing documents and implementation steps as described in the presentation.","mediaType","Video","parentTitle","Chattanooga Industrial Development Board - 04/07/2025","oneSentenceSummary","The board authorized purchase and closing documents, leases, and PILOT enrollment for Novonix Enterprise South LLC’s planned manufacturing site on roughly 182.39 acres in Enterprise South Industrial Park; Novonix executives provided updates on site capacity, financing applications and local workforce partnerships.","taxTitle","Chattanooga City, Hamilton County, Tennessee","taxId",3757,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6087287,"Industrial Development Board adopts formal PILOT policies and procedures",232,386000,618000,"/Search/View?dp=1&key=2891221-2ce8e15ce5af33c90e7a70602fb78309&start=386&end=618","https://assets.pipeline.soar.com/2891221-2ce8e15ce5af33c90e7a70602fb78309/thumbnail_386000.jpg","/articles/6087287/Chattanooga-City/Hamilton-County/Tennessee/Industrial-Development-Board-adopts-formal-PILOT-policies-and-procedures","https://secure.pipeline.soar.com/6087287-1cc5a06fd6215d633dd599d47b2aad4f/orig.mp4?Expires=1771155546&Signature=obu9WrRML~-YfxY~TFT6MLHIIVitAjL3D7NJZH1W~RQPmTcM~LmpU95pIL2Rx3wV4K9qtKn~-yaO~sGouynskOF6juRm1abkihhmpnvE-PzFfkP5XvxHYXxop5LvH6vL~O5hyHjlpoMI2vH1P0wBmJC-p48mPIUgZ07Y53virbEcZrTVuE3fqHSC3W5TBMTCxa1b-pyfc13~PiL9xaBH5XyZXUJ7GWHxerLQpxkltWgPOa2EEK15HAfNxUdiScknvZRZgB43Ykm9FOUW-JqioaTpCqsx5TDVI7lzX85lzSFu~L5rHK3pMRcu90Cj0OLGVQIM8haPy85Lv5jf2Cmotg__&Key-Pair-Id=KUT5TJCACFTXG","The City of Chattanooga Industrial Development Board voted April 7 to adopt formal policies and procedures for payments in lieu of ad valorem taxes (PILOTs), setting out application requirements, evaluation criteria and clawback provisions.

Sharita Allen, senior adviser for economic and workforce development for the City of Chattanooga, told the board the State statute authorizes the Industrial Development Board to approve PILOTs and to set related policies. Allen said these policies formalize standards that previously existed only as staff procedures: they identify targeted industries, add an approved application that asks standardized environmental- and workforce-related questions, and create a points matrix to help determine the term and length of any pilot agreement. \"The pilot policies are the first formal adopted policies that the City of Chattanooga will have had,\" Allen said. She told members there is no fiscal impact to the IDB from adopting the policy language itself.

A board member asked whether companies that fail to meet commitments under a pilot would be subject to repayment. Allen answered that pilot agreements include clawback provisions that vary by pilot and are typically tied to job creation and capital investment; she said clawbacks apply specifically to the portions of the agreement tied to the unmet commitment.

Following discussion, a motion to approve was made and seconded; the chair called the vote and members said \"aye.\" The chair announced the resolution passes.

Ending: The policies set a framework for future PILOT applications and agreements; staff will use the new application and point matrix for subsequent PILOT requests brought to the board for consideration.","The board unanimously approved formal policies and procedures governing payments in lieu of taxes (PILOT) transactions, including application guidelines, a points matrix and clawback provisions; staff said there is no fiscal impact to the IDB from adopting the policy itself.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6087292,"Industrial Development Board hears Volkswagen grant and program finance update",147,232000,379000,"/Search/View?dp=1&key=2891221-2ce8e15ce5af33c90e7a70602fb78309&start=232&end=379","https://assets.pipeline.soar.com/2891221-2ce8e15ce5af33c90e7a70602fb78309/thumbnail_232000.jpg","/articles/6087292/Chattanooga-City/Hamilton-County/Tennessee/Industrial-Development-Board-hears-Volkswagen-grant-and-program-finance-update","https://secure.pipeline.soar.com/6087292-66e48e12a66addbce856f84375dd4e2c/orig.mp4?Expires=1771155546&Signature=H1CdvuwAjwsjdiWT3gQU72YB3mnzqn1OxVRvoK7tCRLdV3id~opNYLYQUWpPSWsmbpPf9qYyTF1nvFyOM8h~TkqKdtXuVio1pqXMr-wTihsR6DVzrRr~6v289x~x8Wgd~wjaGSoVYT2JtCXRPkTKCPf65pUsZQxEigSD14sqS8z7cl4I0CBUuepdp32sf6Nc9lutluJ5ce8NjBhVn0QOhAunuhjZAq2WjWGdl931D-qBFWwsirTnlhhtvB3gNEJFKYJabeInpRYvsJTtNTELSPaSnu7DRxjpG3aZaYdnIFAhCzKmeNSBiwBPkpfdqY4uWXr9TFrbMVjVT9RIPjne0w__&Key-Pair-Id=KUT5TJCACFTXG","City of Chattanooga Industrial Development Board members received a finance update on April 7 covering Volkswagen grant spend, the board’s NR14 account balance and related economic development program funds.

The presentation, given by Alan Wonyou of the City of Chattanooga finance department, said the board previously approved purchase of a compressor costing about $239,000 and that staff allocated roughly $5,053,000 from the remaining funds in the first memorandum of understanding (MOU). Wonyou said the first MOU is finished and the second MOU has an estimated remaining balance of about $215,000; he also said a separate local grant account still holds about $5,000,000 that has not been spent. \"Overall, we are within budget with 99%,\" Wonyou said.

Wonyou told the board the NR14 fund—used for certain economic development activities—has a cash balance of about $2,300,000 available to spend and that total cash across the program is roughly $2,900,000. He said the tax-increment payment (TIP) program had no activity during the reporting period and that the usual April turnover of tax payments from city and county is expected to produce activity for the next report. On the e2i2 program, Wonyou said the board has spent about $40,000,000 to date and that $8,000,000 was ready to issue at the time of the presentation and has since been issued.

No vote or formal action was taken on the finance report; the presentation was provided for information and questions. Wonyou closed by asking whether members had questions; none were raised that resulted in board direction.

The board moved on after the informational report to two resolution items on the agenda.

Ending: The finance report will be revisited in the board’s July meeting, when staff expects updated TIP payment information and any subsequent activity in grant accounts.","City finance staff reported on Volkswagen (VW) grant spending, NR14 cash balances, and other economic development program funds; no board action was required.","actionData","errors"]

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Industrial Development Board approves Novonix land purchase, leases and PILOT enrollment for Enterprise South project

Industrial Development Board adopts formal PILOT policies and procedures

Industrial Development Board hears Volkswagen grant and program finance update