Subsidy Tracker Individual Entry

Company: 
Toyo Tire
Parent Company: 
Toyo Tire & Rubber
Subsidy Source: 
multiple
Location: 
Georgia
City: 
Cartersville
County: 
Bartow
Project Description: 

tire plant

Year: 
2004
Major Industry of Parent: 
automotive parts
Specific Industry of Parent: 
automotive parts-tires
Subsidy Value: 
$71,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
900
Wage Data: 
$15
Wage Data Type: 
estimated average hourly wage
Capital Investment: 
$392,000,000
Source of Data: 

The outlines of the project and subsidy details were taken from: "Bartow County makes formal proposal for $392 million tire plant," The Associated Press State & Local Wire, June 4, 2004. The total subsidy amount and wage data were taken from: Christopher Quinn, "The cost of new jobs; Incentives for tire plant spark debate in Bartow," The Atlanta Journal-Constitution, August 23, 2004.

Notes: 

The state of Georgia and Bartow County approved a subsidy deal for Toyo Tire to locate a tire plant in the county. Toyo Tire received $8 million in infrastructure and land, $1,750 in state tax credits for each job created (potentially 900 jobs total), tax abatements for five years (undisclosed amount), exemption from state and local sales taxes for equipment purchases, and possibly other incentives. The deal also had three phases of investment from the company: (1) $146 million and 350 workers, (2) $127 million and 300 workers, and (3) $119 million and 250 jobs. Overlap with main Subsidy Tracker data: none.

Source Notes: 
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