Subsidy Tracker Individual Entry

Company: 
Kia
Parent Company: 
Kia Motors
Subsidy Source: 
multiple
Location: 
Georgia
City: 
West Point
County: 
Troup
Project Description: 

automobile assembly plant

Year: 
2006
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
Subsidy Value: 
$410,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
2,500
Source of Data: 

The value of the subsidy package and the jobs projection are taken from: Walter Woods, "Georgia wins Kia plant; Auto factory to help end state's run of bad luck," The Atlanta Journal-Constitution, March 13, 2006. The breakdown of the subsidy package is taken from "Deal In Dollars," Columbus Ledger-Enquirer, March 13, 2006.

Notes: 

The $410 million package was worth $164,000 per job. State incentives estimated at $259 million included: $75.9 million in job tax credits over five years; $40.5 million for training and equipment; $35.7 million for site purchase; $30 million for road improvements; $24.8 million for site preparation; $25.7 million for a training center; $13.9 million in sales tax exemptions; $6 million for a railroad spur; and $5.7 million in Quick Start training funds. Local incentives worth $151 million included: $130 million in property tax abatements over 15 years and $21 million for infrastructure improvements. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
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