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Tractor Talk Discussion Forum

Re: O.T. Korean tire maker comming to Tenn.

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farmer boy

10-15-2013 06:13:39

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According to Google, it's Hankook, which I always thought was a prettty good tire. At a minimum, they get the construction money and land tax, even if no tires are ever made there.

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Dick W.

10-15-2013 08:37:17

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 Re: O.T. Korean tire maker comming to Tenn. in reply to farmer boy, 10-15-2013 06:13:39  
Don't bet on any taxes for at least 10 years. How do you think they were persuaded to come there? Too many times/almost always, they/any company, get tax breaks for at least 10 years to come and build in a community.

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Formerly PaMike

10-15-2013 09:17:01

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 Re: O.T. Korean tire maker comming to Tenn. in reply to Dick W., 10-15-2013 08:37:17  
THey did that in our town for Federal Mogul which became NTN BCA bearing. No taxes for X number of years. After the years were up they closed the plant, moved elsewhere and built a new plant..

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10-15-2013 18:54:22

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 Re: O.T. Korean tire maker comming to Tenn. in reply to Formerly PaMike, 10-15-2013 09:17:01  
Sounds like divorce attorney handling a real estate contract for your state.

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