Lawmakers approve Yokohama Tire incentives

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Published: April 26,2013

Tags: Clay County, manufacturing, tires, Yokohama Tire Corp.

039766-automotive-performance-brands-yokohama-tire-corporation-to-raise-prices-all.1Lawmakers approved in a special session Friday a large load of state incentives for Yokohama Tire to make heavy equipment tires in Clay County.

The House passed authorized legislation 117-2 for the project Friday morning. The Senate did the same less than an hour later. The bill now goes to Gov. Phil Bryant, who has said he intends to sign it.

The state will borrow $70 million for land, infrastructure and workforce training. Local governments will chip in $12 million, $1 million from the Appalachian Regional Commission, $900,000 from the TVA and $590,000 from natural gas utility Atmos Energy.

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