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:
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; (click here). 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: If an online information source is not working, check the Tracker inventory page for an updated link.