Bridgestone Americas Tire Operations Secures Incentives for HQ Relocation

Nearly $56 million in tax incentives have been approved for Bridgestone Americas headquarter relocation, reports The Tennessean.

The Metro Council voted to give Bridgestone a 100% property tax discount over 20 years for the 30-story tower it plans to build and relocate to in downtown Nashville. The council also approved a grant of $500 per new Bridgestone employee over the next seven years. The combined incentives are estimated to be around $56 million.

The council’s deal still requires a procedural vote by the Metro Industrial Development Board.

Tennessee has agreed to provide similar funds to the tiremaker, bringing the total amount of incentives for Bridgestone to more than $100 million, the Tennessean reported.

Bridgestone is planning to break ground on its new facility in January. The new headquarters will consolidate the company’s existing headquarters with office divisions that are currently in Illinois and Indiana.

Discount Tire & Service Centers has a new sponsorship deal with the Los Angeles Angels for the 2024 season. Discount Tire said this partnership will not only benefit its customers with season-long promotions and giveaways but will also support local non-profits.

"We're thrilled to launch this strategic partnership with the Los Angeles Angels," said Sergio Andonian, president, Discount Tire & Service Centers. "As neighbors, from Anaheim, we are dedicated to serving our local communities and providing quality tire & automotive service at the most competitive prices. Together, we look forward to making a positive and lasting impact in the communities. Add baseball to the mix, and with this winning combination, the possibilities are endless."