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Subsidy Tracker Individual Entry

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
Subsidy Value in 2023 Dollars: $197,849,649
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.