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In 2009 state and local governments provided an incentives package to Daimler for relocating Mercedes-Benz sedan production from Germany to Alabama. The package included: $10 million in cash grant from the state; a $10 million cash grant from the local governments, $15 million in tax abatements; and $65 million for job training.
In May, 2015 Tuscaloosa County agreed to give additional property tax abatements to Mercedes-Benz to offset plant expansion costs that doubled from the original estimate. The Tuscaloosa County Industrial Development Authority agreed to increase the value of the company's tax abatements to about $28.1 million, up from the $12.5 million approved in 2011.
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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