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.