IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Oct 2011 | Removal date: open ended
Still in force

Tax or social insurance relief

 In 2010 state and local governments in Tennessee provided an incentives package to the vacuum cleaner company Electolux for an appliance manufacturing plant. The package included: $77 million in bonds issued by the state; $20 million in cash; $3.1 million in FastTrack Job Training assistance; $1 million in other training assistance; $40.8 million in bonds backed by the city and the county; $8 million in land donated by the Port of Memphis; a 15-year PILOT property tax abatement worth an estimated $33.9 million; a $3 million grant from Delta Regional Authority for infrastructure and workforce training; an estimated $41 million in state tax credits; $76 million in interest on the bonds; and $1.5 million in federal aid from the Tennessee Valley Authority. Electrolux was also exempted from diversity requirements for companies receiving local funds and from clawback provisions. 
 
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.
 
As no official source could be obtained, this measure is coded "amber".

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

448 Domestic appliances & parts
8508 Vacuum cleaners.
850811 Of a power not exceeding 1,500 W and having a dust bag or other receptacle capacity not exceeding 20 l
850870 Parts
449 Other special-purpose machinery & parts
8508 Vacuum cleaners.
850819 Other
850860 Other vacuum cleaners

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