| The Honda Manufacturing of Alabama LLC | | | | non-educational ad valorem taxes and |
| earlier announced a new $64.5 million | | | | $1,710,000 which has been abated from |
| expansion project. The project of the | | | | estimated construction-related transaction |
| Japanese auto manufacturer, which is set to | | | | taxes. |
| begin on May 1, is expected to create 20 new | | | | |
| jobs. | | | | The agreement stated that Honda and Talladega |
| | | | County each agree to pay its own costs and |
| The HMA's new project also include 27,000 | | | | expenses related to the abatement. The county |
| square feet of extra building space that will | | | | will not charge HMA a fee to secure the |
| house and operate a steel banking facility | | | | abatements and the company will continue to |
| alongside the present steel stamping lines. | | | | be primarily liable for the agreement to be |
| The project also covers the multi-million | | | | carried out as stated. "Anything that will |
| dollar expansion to continuously enhance | | | | bring more jobs in for the county is a |
| Honda's annual vehicle turnaround to more | | | | wonderful project," said Commissioner Jimmy |
| than 300,000 units. | | | | Roberson. "The abatements will go away, but |
| | | | those jobs are here to stay." |
| "The addition of a steel banking facility | | | | |
| will offer improved efficiency in costs, | | | | HMA, at present, employs over 4,500 |
| quality and delivery for our Alabama | | | | associates. In the state of Alabama, the |
| manufacturing operations," said Mark | | | | company has a total of $1.3 billion |
| Morrison, the manager of corporate affairs | | | | investment. Since October 2006, the company |
| and communication for the HMA. "We believe | | | | has shown plans for a $91 million additional |
| the investment and additional employment | | | | investment and this project will bring the |
| offered by this new venture also will benefit | | | | manufacturing company to well over the $100 |
| our customers and the community." | | | | million mark. |
| | | | |
| With a motion from the District 1 | | | | Honda is most notable in the manufacture of |
| Commissioner Ed Lackey and a second from the | | | | both automobiles and motorcycles. But it is |
| District 5 Commissioner John Carter, the | | | | also famed in the manufacture of trucks, |
| commission approved the tax abatement of the | | | | scooters, jets and jet engines, robots, ATV, |
| company for sales, use, and property taxes. | | | | water craft, electrical generators, lawn and |
| Land abatements will last over a period of a | | | | garden equipment, marine engines, and |
| decade for each piece of property and start | | | | aeronautical and other mobile technologies. |
| on a property-by-property basis. | | | | The automaker, headquartered in Tokyo, |
| | | | produces state-of-the-art auto parts |
| As estimated by experts, Honda will receive a | | | | accessories like the Honda fender, engines, |
| $167,700 break from the annual amount of | | | | radiator, filter, and more. |