Georgia Offers Nearly $90,000 for Each Kia Job
Although Kia Motors Corp. expects to hire about 2,500 people at its new plant under construction in West Point, GA, the state of Georgia's incentive package amounts to $258.3 million for 2,893 jobs, or $89,550 per job.
_201.jpg?width=100&auto=webp&quality=80&disable=upscale "Picture of David C. Smith")
Although Kia Motors Corp. expects to hire about 2,500 people at its new plant under construction in West Point, GA, the state of Georgia's incentive package amounts to $258.3 million for 2,893 jobs, or $89,550 per job.
At 2,500 jobs, the state's package would be cut to $248.1 million.
The state is putting up:
$35.7 million for the 3,300-acre (1,335-ha) site, including 2,200 acres (890 ha) for the plant itself.
$24.8 million for site preparation.
$30 million for a new Interstate-85 interchange and access road.
$6.1 million for a rail spur.
$20.2 million for building and staffing an on-site training center, with expenses covered over five years for another $5.5 million.
$5.7 million for training.
$75.9 million in job tax credits over five years.
$13.9 million in sales-tax exemptions.
A future $40.5 million grant channeled through a local organization for specialized training equipment.
The city of West Point and Troup County, in which it is located, are providing $130 million in property tax abatements over 15 years, and the local governments and utilities are spending $21 million for infrastructure improvements such as water, gas, sewer and power.
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_201.jpg?width=400&auto=webp&quality=80&disable=upscale "David C. Smith")
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