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