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Subsidy Tracker Individual Entry

Company: SK Battery America, Inc.
Parent Company: SK Holdings
Subsidy Source: multiple
Location: Georgia
County: Bartow
Project Description: electric vehicle battery factory
Year: 2023
Major Industry of Parent: electrical and electronic equipment
Specific Industry of Parent: semiconductors
Subsidy Value: $641,000,000
Subsidy Value in 2023 Dollars: $641,000,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
Number of Jobs or Training Slots:  3,750
Wage Data:  $53,000
Wage Data Type: Average Annual Wage
Capital Investment:  $5,000,000,000
Source of Data: Zachary Hansen, "Incentives for SK-Hyundai EV battery plant could total $641M," The Atlanta Journal Constitution, June 11, 2023 (revised June 16, 2023): (click here)
Notes: SK On and the Hyundai Motor Group are partnering to build a $5 billion electric vehicle battery factory in Bartow County. Total megadeal value includes $191 million in local property tax breaks over 25 years, $98 million in megaproject tax credits, $46 million water treatment plant, a $40 million REBA grant, $11 million in Georgia Quick Start job training for new workers, $6 million in gas system and road improvements, and $3.4 million in impact fee cost avoidance. The company can also benefit from unspecified tax breaks. Overlaps with main data: none
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.