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Subsidy Tracker Individual Entry

Company: Bridgestone
Parent Company: Bridgestone
Subsidy Source: multiple
Location: Ohio
City: Akron
County: Summit
Project Description: technical center
Year: 2008
Major Industry of Parent: automotive parts
Specific Industry of Parent: automotive parts-tires
Subsidy Value: $68,000,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
Capital Investment: $60,000,000
Source of Data: All information came from: Frank Bentayou, "Tax benefit OK'd for Bridgestone; Akron competing for $60 million technical center," Cleveland Plain Dealer, July 1, 2008.
Notes: The City of Akron, Summit County, and the State of Ohio approved a $68 million subsidy package for Bridgestone to help finance a new technical center. The company was given a 15-year job-retention tax credit worth roughly $18 million from Ohio, Tax Increment Financing from Akron, and low-interest loans. Overlap with main Subsidy Tracker data: an award of $16,124,625 is included in a separate Job Retention Tax Credit entry. Overlap with main Subsidy Tracker data:
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.