TYLER, Texas (April 13)—Goodyear and officials in Smith County, Texas, have reached agreement on a tax abatement plan that will allow the company to expand its tire making capabilities at its Kelly-Springfield Tire Co. plant in Tyler.
The deal—approved by the Smith County commissioners and the Tyler Junior College board of trustees, both of which receive tax dollars from Goodyear—sets the stage for the company to add machinery and upgrade other equipment at the tire factory. No new workers are expected to be hired, according to a Goodyear spokeswoman.
The five-year tax abatement covers a $12 million investment in tire building equipment, she said. Goodyear plans to install surplus machinery from other Goodyear facilities at the Tyler plant.