ANNOUNCED AS TEMPORARYNo
In 2014 state and local governments in Alabama provided an incentives package for Golden Dragon Precise Copper Tube Group to locate in the poorest county in the state. This included up to $160 million over 20 years in capital income credits; $20 million in state discretionary grants; $8.5 million in property tax abatements; $5.7 million in site preparation and road improvements; $5.1 million in sales and use tax abatements; $1.8 million in worker training; and $1 million to purchase and prepare the site. Golden Dragon Precise Copper Tube Group is a company whose headquarters is in China.
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.
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