ANNOUNCEMENT 29 Apr 2013

In April 2013, a US state government announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Main data from Good Jobs First at http://www.goodjobsfirst.org/sites/default/files/docs/Megadeals_February2015.xlsx.
April 29, 2013 press release issued by the Mississippi Development Authority; online at http://www.mississippi.org/press-room/yokohama-4-29-2013.html


Inception date: 29 Apr 2013 | Removal date: open ended
Still in force

Financial grant

In 2013 the state of Mississippi provided an incentives package to Yokohama Rubber/Yokohama Tire for a truck tire manufacturing plant. The state legislature authorized up to $130 million in funding ($70 million for the initial phase) for a variety of subsidies that would be given to the company. 
 
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.

AFFECTED SECTORS