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
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
1,800 by 2018 (1,200 by 2016)
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: 
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