Hyundai Alabama Plant Incentive Package

Hyundai, the Korean auto manufacturer, is building a new $1 billion auto assembly plant in Alabama. The 2-million-sq.-ft. facility will produce 300,000 cars and trucks a year, once completed. The plant will employ 2,000+ people.

What was the incentive package delivered to Hyundai to attract the deal to Alabama? Here are the details:

Public Incentives
* Site improvements: $55 million.
* Transportation improvements: $29 million.
* Training incentives: $61.8 million.
* Misc. incentives: $12.1 million
* Tax incentives: $76.7 million
* Public subtotal: $234.6 million

Private Incentives
* Electrical improvements: $6 million.
* Natural gas improvements: $4 million.
* Telecom improvements: $200,000
* Rail improvements: $8 million
* Private subtotal: $18.2 million

* Total Incentive Package: $252.8 million

* Incentive Dollars Per Job: $126,400.

Source: Site Selection Magazine