IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
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Inception date: 01 Dec 2009 | Removal date: open ended
Still in force

Tax or social insurance relief

In 2009 state and local governments in Wisconsin provided an incentives package to Mercury Marine for a boatbuilding plant. The original package of $53 million, which was offered in the wake of reports that the company might move to Oklahoma, included a $50 million low-interest loan from the county and $3 million from the city. It was later disclosed that the state would provide up to $70 million in refundable tax credits, bringing the size of the total package to $123,000,000. 
 
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

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