ANNOUNCEMENT 29 Apr 2013In April 2013, a US state government announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
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
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.