ANNOUNCED AS TEMPORARYNo
Tax or social insurance relief
On April 10, 2017 the Kentucky Economic Development Finance Authority amended Toyota's existing incentive agreement. The amendment added tax incentives of up to $43.5 million in for the Reborn project, creating a total cumulative incentive of up to $190 million available for two projects at the Georgetown plant. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job retention and new capital investment targets.
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