Subsidy Tracker Individual Entry

Company: 
Bridgestone Americas
Parent Company: 
Bridgestone
Subsidy Source: 
multiple
Location: 
South Carolina
County: 
Aiken
Project Description: 

tire manufacturing plant

Year: 
2011
Major Industry of Parent: 
automotive parts
Specific Industry of Parent: 
automotive parts-tires
Subsidy Value: 
$57,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
675
Capital Investment: 
$1.2 billion
Source of Data: 

The subsidy estimate and the jobs and investment projections came from: Rick Brundrett, "Japan Trips, Other Taxpayer-Funded Freebies Offered to Bridgestone," The Nerve, January 12, 2012; http://thenerve.org/news/2012/01/12/s-c-bridgestone-tire-plant-rolling-i.... The publication calls its subsidy estimate conservative.

Notes: 

The state subsidy package included a $15.5 million infrastructure grant, $8.6 million in training cost reimbursement, $12.8 million in job development witholding tax rebates and $7 million in corporate income tax credits. The county package included land worth about $10 million and about $4 million in infrastructure improvements. The county also offered a property tax agreement, the value of which The Nerve did not estimate. Overlaps with main Subsidy Tracker data: three Economic Development Set-Aside entries totaling $15.5 million.

Source Notes: 
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