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Subsidy Tracker Individual Entry

Company: Michelin North America, Inc.
Parent Company: Michelin
Subsidy Source: state
Location: Oklahoma
City: Ardmore
Project Description: equipment purchases & upgrades
Year: 2013
Major Industry of Parent: automotive parts
Specific Industry of Parent: automotive parts-tires
Value of Loan, Loan Guarantee or Bailout Assistance: $10,000,000
Loan Value Notes: Loan amounts do not reflect repayments. See the original source for that information.
Program Name: Community Economic Development Pooled Finance Program
Awarding Agency: Oklahoma Commerce Department
Type of Subsidy: industrial revenue bond
Number of Jobs or Training Slots: 20
Source of Data: not on web; data received by an Oklahoma Watch reporter in response to FIOA request.
Notes: Year is bond issue year. Subsidy value is amount of approved bond issue. Jobs are estimated new jobs. The bonds are financed by diverting employee income tax withholding payments.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.