Global Trade Alert
Global Trade Alert

United States of America/State of Georgia: State and county incentives to battery manufacturer SK Innovation

Announcement

22 Mar 2019

In March 2019, the state of Georgia and Jackson County offered several incentives to convince the Korean firm SK Innovation to build an electric car battery plant in the state.

 

 

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

10 Oct 2018

Revocation date:

No revocation date

Updated: 22 Mar 2019
Financial grant In force

That letter also specified a state project development grant of $18.75 million.

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Updated: 22 Mar 2019
In-kind grant In force

The five-page letter also offered 283 acres of free land valued at $18.76 million.

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Implementation date

10 Oct 2018

Revocation date:

10 Oct 2038

Updated: 22 Mar 2019
Tax or social insurance relief In force

The state of Georgia and Jackson County offered about $300 million in grants, tax breaks and free land to convince the Korean firm SK Innovation to build an electric car battery plant in the state....

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