BROWNSVILLE, Texas-Titan Tire Corp. received an incentive package worth $30.1 million from the city of Brownsville. That included the city acquiring the 186-acre plant site for the company, and infrastructure improvements to the property such as railroad spurs and parking.
According to Rick Luna, director of communications and research for the Brownsville Economic Development Council, some training funds from the state were also made available to Titan, as well as locally provided job performance incentives. ``For example,'' he explained, ``if the company hires 500 people, it will be reimbursed at the end of the first year for a certain percentage of those salaries.''
Titan also received a number of local tax abatements given by various entities, Mr. Luna said, including the city and county-but excluding the local school districts. And the state made available to the company some tax rebate/refund programs. Texas does not have a state income tax.
He added that the city has not yet determined how it will deed the property to Titan.
A spokesman in Texas Gov. George W. Bush's office in Austin said no state funds were promised for the Titan project, though some state-sponsored job training programs have been offered.
The governor met with a Titan representative, the spokesman said, ``and heralded the benefits of doing business in Texas. We have a solid, competent, educated work force, a strong economy and excellent proximity to the potential Mexican and American markets.
``They also discussed some thoughts the governor has on possible changes in the state's property tax structure.''