Monroe County Awards $51,970,000 Tax Incentive Contract to Jtekt Automotive North America (February 2023)
Monroe CountyCounty · TN- Disclosed value
- $51,970,000.00
- From meeting minutes
- Approved
- Feb 7, 2023
- Term
- 5 years
The 30-second brief
JTEKT Automotive North America, Inc. to invest $51,970,000.00 in new machinery and equipment at its Vonore Plant over five years, with a three-year abatement period where JTEKT will pay 25% of the ad valorem taxes.
Jtekt Automotive North America holds this tax incentive contract with Monroe County.
Term as filed: 5 years.
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Contract details
- Contract type
- Tax Incentive
- Amount
- $51,970,000.00
- Document date
- February 7, 2023
- Term
- 5 years
- Agency
- Monroe County
- Source document
- monroe-county-meeting-minutes-2023-02-07_292.pdf (Meeting Minutes)
Jtekt Automotive North America's other public contracts
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Questions about this contract
Who was awarded the tax incentive contract by Monroe County?
Jtekt Automotive North America was awarded this tax incentive contract by Monroe County, as recorded on February 7, 2023. The contract value is $51,970,000.00.
How much is the Jtekt Automotive North America contract with Monroe County worth?
The Jtekt Automotive North America contract with Monroe County is valued at $51,970,000.00, covering tax incentive work.
What type of contract is this?
This is a Tax Incentive contract, documented as a meeting minutes record.
Where was this contract approved?
This contract appears in monroe-county-meeting-minutes-2023-02-07_292.pdf (Meeting Minutes), dated February 7, 2023 from Monroe County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Jtekt Automotive North America hold?
Jtekt Automotive North America may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Monroe County currently buying?
Explore Monroe County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.