Company: Hankook Tire Parent Company: Hankook Tire Subsidy Source: multiple Location: Tennessee City: Clarksville County: Montgomery Address: Corporate Business Park near Interstate 24 at Exit 8 and Rossview Road Project Description: tire manufacturing facility Year: 2013 Major Industry of Parent: automotive parts Specific Industry of Parent: automotive parts-tires Subsidy Value: $150,600,000 Program Name: multiple Awarding Agency: multiple Type of Subsidy:
Wage Data: $18.25 Wage Data Type: average wage Capital Investment: $800,000,000 Source of Data: The value and the breakdown of the subsidy package were taken from: Jimmy Settle, "Plant to bring 1,800 jobs," The (Clarksville) Leaf-Chronicle, October 15, 2013. Wage data is taken from: Jimmy Settle, "Hankook jobs to pay $18.25/hour," The Leaf-Chronicle, October 16, 2013. Notes: The subsidy package included $72 million from the state for infrastructure improvements, job training, and "a cultural program to help Korean families integrate into the community." The package also included free land worth $28.6 million from Clarksville and Montgomery County and $50 million in local property tax abatements over 20 years. Overlaps with main Subsidy Tracker data: none. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.