ANNOUNCEMENT 29 May 2015

In May 2015, a US state government announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



http://www.arkleg.state.ar.us/assembly/2015/2015S1/Pages/BillInformation.aspx?measureno=HB1003, http://www.arkansasonline.com/news/2015/may/30/hutchinson-signs-lockheed-bond-bills-20/, http://subsidytracker.goodjobsfirst.org/subsidy-tracker/ar-lockheed-martin-9


Inception date: 29 May 2015 | Removal date: open ended
Still in force

State loan

The governor of Arkansas signed into law on May 29, 2015 a bill (HB1003) authorizing the state to issue an $87.1 million bond to help the defense contractor Lockheed Martin win a Defense Department contract and expand its workforce by nearly 600 employees. The Maryland-based company, which is competing against two other firms, wants to build joint light tactical vehicles near East Camden, Arkansas to replace the vehicles known as Humvees.
 
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.
 
 

AFFECTED SECTORS

 
491

AFFECTED PRODUCTS

 
870310 870321 870322 870323 870324 870331 870332 870333 870390